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Side-by-side financial comparison of Identiv, Inc. (INVE) and Verastem, Inc. (VSTM). Click either name above to swap in a different company.

Verastem, Inc. is the larger business by last-quarter revenue ($11.2M vs $6.2M, roughly 1.8× Identiv, Inc.). Identiv, Inc. runs the higher net margin — -60.3% vs -876.3%, a 816.0% gap on every dollar of revenue.

Identiv is a publicly traded Internet of Things technology company listed on the Nasdaq stock market.

Verastem, Inc., doing business as Verastem Oncology, is an American pharmaceutical company that develops medicines to treat certain cancers. Headquartered and founded in Boston, Massachusetts, the firm is a member of NASDAQ Biotechnology Index.

INVE vs VSTM — Head-to-Head

Bigger by revenue
VSTM
VSTM
1.8× larger
VSTM
$11.2M
$6.2M
INVE
Higher net margin
INVE
INVE
816.0% more per $
INVE
-60.3%
-876.3%
VSTM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
INVE
INVE
VSTM
VSTM
Revenue
$6.2M
$11.2M
Net Profit
$-3.7M
$-98.5M
Gross Margin
18.1%
Operating Margin
-76.4%
-362.2%
Net Margin
-60.3%
-876.3%
Revenue YoY
-7.9%
Net Profit YoY
-948.2%
-311.1%
EPS (diluted)
$-0.17
$-1.35

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
INVE
INVE
VSTM
VSTM
Q4 25
$6.2M
Q3 25
$5.0M
$11.2M
Q2 25
$5.0M
$2.1M
Q1 25
$5.3M
Q4 24
$6.7M
Q3 24
$6.5M
$0
Q2 24
$6.7M
$10.0M
Q1 24
$6.7M
Net Profit
INVE
INVE
VSTM
VSTM
Q4 25
$-3.7M
Q3 25
$-3.5M
$-98.5M
Q2 25
$-6.0M
$-25.9M
Q1 25
$-4.8M
Q4 24
$-355.0K
Q3 24
$85.9M
$-24.0M
Q2 24
$-6.2M
$-8.3M
Q1 24
$-4.6M
Gross Margin
INVE
INVE
VSTM
VSTM
Q4 25
18.1%
Q3 25
10.7%
Q2 25
-9.4%
Q1 25
2.5%
Q4 24
-14.9%
Q3 24
3.6%
Q2 24
9.1%
Q1 24
7.3%
Operating Margin
INVE
INVE
VSTM
VSTM
Q4 25
-76.4%
Q3 25
-111.4%
-362.2%
Q2 25
-126.7%
-2047.9%
Q1 25
-103.8%
Q4 24
-98.9%
Q3 24
-146.2%
Q2 24
-99.7%
-182.8%
Q1 24
-76.0%
Net Margin
INVE
INVE
VSTM
VSTM
Q4 25
-60.3%
Q3 25
-68.9%
-876.3%
Q2 25
-119.9%
-1213.6%
Q1 25
-90.9%
Q4 24
-5.3%
Q3 24
1315.8%
Q2 24
-92.2%
-82.6%
Q1 24
-68.5%
EPS (diluted)
INVE
INVE
VSTM
VSTM
Q4 25
$-0.17
Q3 25
$-0.15
$-1.35
Q2 25
$-0.26
$-0.62
Q1 25
$-0.21
Q4 24
$0.00
Q3 24
$3.62
$-0.60
Q2 24
$-0.27
$-0.31
Q1 24
$-0.21

Balance Sheet & Financial Strength

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

Metric
INVE
INVE
VSTM
VSTM
Cash + ST InvestmentsLiquidity on hand
$128.6M
$137.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$140.7M
$-15.5M
Total Assets
$151.3M
$176.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INVE
INVE
VSTM
VSTM
Q4 25
$128.6M
Q3 25
$126.3M
$137.7M
Q2 25
$129.3M
$164.3M
Q1 25
$132.4M
Q4 24
$135.6M
Q3 24
$145.4M
$113.2M
Q2 24
$18.4M
$83.4M
Q1 24
$21.6M
Total Debt
INVE
INVE
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$40.5M
Q2 24
$40.3M
Q1 24
Stockholders' Equity
INVE
INVE
VSTM
VSTM
Q4 25
$140.7M
Q3 25
$143.7M
$-15.5M
Q2 25
$146.4M
$36.1M
Q1 25
$150.5M
Q4 24
$154.1M
Q3 24
$156.7M
$11.1M
Q2 24
$65.1M
$18.9M
Q1 24
$70.2M
Total Assets
INVE
INVE
VSTM
VSTM
Q4 25
$151.3M
Q3 25
$151.0M
$176.9M
Q2 25
$153.9M
$196.3M
Q1 25
$158.7M
Q4 24
$163.2M
Q3 24
$177.0M
$126.4M
Q2 24
$97.8M
$105.7M
Q1 24
$101.8M
Debt / Equity
INVE
INVE
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
3.66×
Q2 24
2.14×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
INVE
INVE
VSTM
VSTM
Operating Cash FlowLast quarter
$3.0M
$-36.2M
Free Cash FlowOCF − Capex
$2.8M
FCF MarginFCF / Revenue
45.8%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INVE
INVE
VSTM
VSTM
Q4 25
$3.0M
Q3 25
$-2.9M
$-36.2M
Q2 25
$-3.6M
$-32.7M
Q1 25
$-3.3M
Q4 24
$-5.9M
Q3 24
$-7.2M
$-23.8M
Q2 24
$-993.0K
$-27.6M
Q1 24
$-1.3M
Free Cash Flow
INVE
INVE
VSTM
VSTM
Q4 25
$2.8M
Q3 25
$-3.2M
Q2 25
$-3.8M
Q1 25
$-3.6M
Q4 24
$-6.5M
Q3 24
$-7.7M
Q2 24
$-1.1M
$-27.6M
Q1 24
$-1.5M
FCF Margin
INVE
INVE
VSTM
VSTM
Q4 25
45.8%
Q3 25
-64.5%
Q2 25
-75.8%
Q1 25
-68.0%
Q4 24
-97.7%
Q3 24
-118.2%
Q2 24
-16.7%
-275.8%
Q1 24
-23.0%
Capex Intensity
INVE
INVE
VSTM
VSTM
Q4 25
3.3%
Q3 25
7.0%
Q2 25
5.0%
Q1 25
5.7%
Q4 24
9.3%
Q3 24
7.7%
Q2 24
2.0%
0.1%
Q1 24
3.5%
Cash Conversion
INVE
INVE
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.08×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

INVE
INVE

Other$3.4M55%
Europe And Middle East$2.2M36%
Asia Pacific$575.0K9%

VSTM
VSTM

Segment breakdown not available.

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