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Side-by-side financial comparison of Immunovant, Inc. (IMVT) and Terra Property Trust, Inc. (TPTA). Click either name above to swap in a different company.

Immunovant, Inc. is the larger business by last-quarter revenue ($8.4M vs $7.1M, roughly 1.2× Terra Property Trust, Inc.). Terra Property Trust, Inc. runs the higher net margin — -150.2% vs -899.0%, a 748.8% gap on every dollar of revenue. On growth, Immunovant, Inc. posted the faster year-over-year revenue change (140.7% vs -37.4%).

Immunovant, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative monoclonal antibody therapies for patients with serious, rare autoimmune and inflammatory diseases. Its lead product candidate covers multiple autoimmune indications, with core U.S. operations and a global market expansion strategy.

The National Savings and Trust Company is a historic bank building located at the corner of New York Avenue and 15th Street, NW in Downtown Washington, D.C. It has also been known as the National Safe Deposit Company and the National Safe Deposit Savings and Trust Company.

IMVT vs TPTA — Head-to-Head

Bigger by revenue
IMVT
IMVT
1.2× larger
IMVT
$8.4M
$7.1M
TPTA
Growing faster (revenue YoY)
IMVT
IMVT
+178.1% gap
IMVT
140.7%
-37.4%
TPTA
Higher net margin
TPTA
TPTA
748.8% more per $
TPTA
-150.2%
-899.0%
IMVT

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
IMVT
IMVT
TPTA
TPTA
Revenue
$8.4M
$7.1M
Net Profit
$-75.3M
$-10.6M
Gross Margin
Operating Margin
-896.2%
-48.8%
Net Margin
-899.0%
-150.2%
Revenue YoY
140.7%
-37.4%
Net Profit YoY
-26.7%
32.0%
EPS (diluted)
$-0.50
$-0.43

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IMVT
IMVT
TPTA
TPTA
Q4 25
$7.1M
Q3 25
$7.3M
Q2 25
$8.6M
Q1 25
$12.5M
Q4 24
$11.3M
Q3 24
$12.2M
Q2 24
$11.2M
Q1 24
$8.4M
$15.0M
Net Profit
IMVT
IMVT
TPTA
TPTA
Q4 25
$-10.6M
Q3 25
$-6.7M
Q2 25
$-9.2M
Q1 25
$-1.3M
Q4 24
$-15.6M
Q3 24
$-7.8M
Q2 24
$-7.5M
Q1 24
$-75.3M
$-6.2M
Operating Margin
IMVT
IMVT
TPTA
TPTA
Q4 25
-48.8%
Q3 25
6.7%
Q2 25
-28.4%
Q1 25
32.8%
Q4 24
-72.3%
Q3 24
54.1%
Q2 24
6.3%
Q1 24
-896.2%
32.0%
Net Margin
IMVT
IMVT
TPTA
TPTA
Q4 25
-150.2%
Q3 25
-92.4%
Q2 25
-106.5%
Q1 25
-10.3%
Q4 24
-138.3%
Q3 24
-63.9%
Q2 24
-67.5%
Q1 24
-899.0%
-41.2%
EPS (diluted)
IMVT
IMVT
TPTA
TPTA
Q4 25
$-0.43
Q3 25
$-0.28
Q2 25
$-0.38
Q1 25
$-0.05
Q4 24
$-0.65
Q3 24
$-0.32
Q2 24
$-0.31
Q1 24
$-0.50
$-0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IMVT
IMVT
TPTA
TPTA
Cash + ST InvestmentsLiquidity on hand
$635.4M
$33.2M
Total DebtLower is stronger
$178.9M
Stockholders' EquityBook value
$617.8M
$146.5M
Total Assets
$666.4M
$351.5M
Debt / EquityLower = less leverage
1.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMVT
IMVT
TPTA
TPTA
Q4 25
$33.2M
Q3 25
$17.4M
Q2 25
$5.9M
Q1 25
$11.9M
Q4 24
$8.6M
Q3 24
$21.2M
Q2 24
$18.9M
Q1 24
$635.4M
$17.9M
Total Debt
IMVT
IMVT
TPTA
TPTA
Q4 25
$178.9M
Q3 25
$211.9M
Q2 25
$260.2M
Q1 25
$286.7M
Q4 24
$326.1M
Q3 24
$312.9M
Q2 24
$383.8M
Q1 24
$377.6M
Stockholders' Equity
IMVT
IMVT
TPTA
TPTA
Q4 25
$146.5M
Q3 25
$159.7M
Q2 25
$168.5M
Q1 25
$179.9M
Q4 24
$185.7M
Q3 24
$206.2M
Q2 24
$218.6M
Q1 24
$617.8M
$230.5M
Total Assets
IMVT
IMVT
TPTA
TPTA
Q4 25
$351.5M
Q3 25
$398.1M
Q2 25
$459.3M
Q1 25
$495.2M
Q4 24
$542.8M
Q3 24
$546.8M
Q2 24
$634.4M
Q1 24
$666.4M
$640.2M
Debt / Equity
IMVT
IMVT
TPTA
TPTA
Q4 25
1.22×
Q3 25
1.33×
Q2 25
1.54×
Q1 25
1.59×
Q4 24
1.76×
Q3 24
1.52×
Q2 24
1.76×
Q1 24
1.64×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IMVT
IMVT
TPTA
TPTA
Operating Cash FlowLast quarter
$-59.7M
$1.9M
Free Cash FlowOCF − Capex
$-59.8M
FCF MarginFCF / Revenue
-714.4%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-214.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMVT
IMVT
TPTA
TPTA
Q4 25
$1.9M
Q3 25
$-4.3M
Q2 25
$1.2M
Q1 25
$861.6K
Q4 24
$-3.3M
Q3 24
$1.7M
Q2 24
$-3.1M
Q1 24
$-59.7M
$-4.2M
Free Cash Flow
IMVT
IMVT
TPTA
TPTA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-59.8M
FCF Margin
IMVT
IMVT
TPTA
TPTA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-714.4%
Capex Intensity
IMVT
IMVT
TPTA
TPTA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
Q2 24
Q1 24
1.8%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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