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Side-by-side financial comparison of Inspirato Inc (ISPO) and MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI). Click either name above to swap in a different company.
Inspirato Inc is the larger business by last-quarter revenue ($55.5M vs $49.9M, roughly 1.1× MARAVAI LIFESCIENCES HOLDINGS, INC.). Inspirato Inc runs the higher net margin — -8.1% vs -71.6%, a 63.4% gap on every dollar of revenue. On growth, MARAVAI LIFESCIENCES HOLDINGS, INC. posted the faster year-over-year revenue change (-11.8% vs -19.6%). Inspirato Inc produced more free cash flow last quarter ($-3.0M vs $-24.9M). Over the past eight quarters, Inspirato Inc's revenue compounded faster (-11.4% CAGR vs -11.9%).
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
Maravai LifeSciences Holdings is a global life sciences firm developing critical reagents, diagnostic products, and tech solutions to support biopharma research, drug development, clinical diagnostics, and cell/gene therapy manufacturing. It serves biotech, pharma, research bodies and labs worldwide across three core segments.
ISPO vs MRVI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.5M | $49.9M |
| Net Profit | $-4.5M | $-35.7M |
| Gross Margin | 31.4% | 25.8% |
| Operating Margin | -8.0% | -117.9% |
| Net Margin | -8.1% | -71.6% |
| Revenue YoY | -19.6% | -11.8% |
| Net Profit YoY | -204.4% | -37.7% |
| EPS (diluted) | $-0.36 | $-0.24 |
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.
| Q4 25 | — | $49.9M | ||
| Q3 25 | $55.5M | $41.6M | ||
| Q2 25 | $63.1M | $47.4M | ||
| Q1 25 | $65.9M | $46.9M | ||
| Q4 24 | $63.1M | $56.6M | ||
| Q3 24 | $69.1M | $69.0M | ||
| Q2 24 | $67.4M | $69.4M | ||
| Q1 24 | $80.2M | $64.2M |
| Q4 25 | — | $-35.7M | ||
| Q3 25 | $-4.5M | $-25.6M | ||
| Q2 25 | $-5.3M | $-39.6M | ||
| Q1 25 | $1.6M | $-29.9M | ||
| Q4 24 | $-2.3M | $-25.9M | ||
| Q3 24 | $4.3M | $-97.1M | ||
| Q2 24 | $-8.7M | $-9.8M | ||
| Q1 24 | $1.3M | $-12.1M |
| Q4 25 | — | 25.8% | ||
| Q3 25 | 31.4% | 13.6% | ||
| Q2 25 | 27.5% | 16.4% | ||
| Q1 25 | 38.8% | 16.5% | ||
| Q4 24 | 34.7% | 34.3% | ||
| Q3 24 | 71.5% | 46.7% | ||
| Q2 24 | 24.0% | 44.4% | ||
| Q1 24 | 39.5% | 40.3% |
| Q4 25 | — | -117.9% | ||
| Q3 25 | -8.0% | -98.6% | ||
| Q2 25 | -8.3% | -139.8% | ||
| Q1 25 | 2.5% | -104.9% | ||
| Q4 24 | -3.2% | -66.7% | ||
| Q3 24 | 9.8% | -239.9% | ||
| Q2 24 | -22.8% | -19.4% | ||
| Q1 24 | 3.0% | -29.4% |
| Q4 25 | — | -71.6% | ||
| Q3 25 | -8.1% | -61.4% | ||
| Q2 25 | -8.4% | -83.5% | ||
| Q1 25 | 2.5% | -63.9% | ||
| Q4 24 | -3.6% | -45.8% | ||
| Q3 24 | 6.3% | -140.6% | ||
| Q2 24 | -12.9% | -14.1% | ||
| Q1 24 | 1.6% | -18.8% |
| Q4 25 | — | $-0.24 | ||
| Q3 25 | $-0.36 | $-0.18 | ||
| Q2 25 | $-0.42 | $-0.27 | ||
| Q1 25 | $0.12 | $-0.21 | ||
| Q4 24 | $0.98 | $-0.21 | ||
| Q3 24 | $0.62 | $-0.68 | ||
| Q2 24 | $-2.33 | $-0.07 | ||
| Q1 24 | $-0.18 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.7M | $216.9M |
| Total DebtLower is stronger | — | $291.8M |
| Stockholders' EquityBook value | $-134.0M | $212.4M |
| Total Assets | $228.3M | $770.6M |
| Debt / EquityLower = less leverage | — | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $216.9M | ||
| Q3 25 | $13.7M | $243.6M | ||
| Q2 25 | $16.7M | $269.9M | ||
| Q1 25 | $16.4M | $285.1M | ||
| Q4 24 | $21.8M | $322.4M | ||
| Q3 24 | $13.5M | $578.2M | ||
| Q2 24 | $18.8M | $573.2M | ||
| Q1 24 | $22.6M | $561.7M |
| Q4 25 | — | $291.8M | ||
| Q3 25 | — | $292.8M | ||
| Q2 25 | — | $293.9M | ||
| Q1 25 | — | $294.9M | ||
| Q4 24 | — | $295.9M | ||
| Q3 24 | — | $521.7M | ||
| Q2 24 | — | $522.5M | ||
| Q1 24 | — | $523.3M |
| Q4 25 | — | $212.4M | ||
| Q3 25 | $-134.0M | $245.4M | ||
| Q2 25 | $-129.7M | $265.9M | ||
| Q1 25 | $-125.2M | $300.6M | ||
| Q4 24 | $-129.9M | $325.3M | ||
| Q3 24 | $-134.6M | $344.9M | ||
| Q2 24 | $-35.2M | $434.7M | ||
| Q1 24 | $-27.5M | $410.7M |
| Q4 25 | — | $770.6M | ||
| Q3 25 | $228.3M | $849.2M | ||
| Q2 25 | $252.6M | $897.0M | ||
| Q1 25 | $270.1M | $959.8M | ||
| Q4 24 | $273.9M | $1.0B | ||
| Q3 24 | $273.3M | $1.3B | ||
| Q2 24 | $301.7M | $1.4B | ||
| Q1 24 | $313.0M | $1.4B |
| Q4 25 | — | 1.37× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 1.27× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.2M | $-22.8M |
| Free Cash FlowOCF − Capex | $-3.0M | $-24.9M |
| FCF MarginFCF / Revenue | -5.4% | -49.9% |
| Capex IntensityCapex / Revenue | 1.4% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-31.2M | $-70.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-22.8M | ||
| Q3 25 | $-2.2M | $-15.2M | ||
| Q2 25 | $1.1M | $-10.3M | ||
| Q1 25 | $-6.6M | $-9.4M | ||
| Q4 24 | $-15.8M | $-14.6M | ||
| Q3 24 | $-13.7M | $13.1M | ||
| Q2 24 | $-1.8M | $17.4M | ||
| Q1 24 | $-7.2M | $-8.5M |
| Q4 25 | — | $-24.9M | ||
| Q3 25 | $-3.0M | $-18.1M | ||
| Q2 25 | $468.0K | $-13.1M | ||
| Q1 25 | $-7.5M | $-14.6M | ||
| Q4 24 | $-21.2M | $-20.5M | ||
| Q3 24 | $-14.8M | $4.5M | ||
| Q2 24 | $-3.7M | $7.9M | ||
| Q1 24 | $-8.5M | $-14.1M |
| Q4 25 | — | -49.9% | ||
| Q3 25 | -5.4% | -43.4% | ||
| Q2 25 | 0.7% | -27.7% | ||
| Q1 25 | -11.4% | -31.2% | ||
| Q4 24 | -33.7% | -36.2% | ||
| Q3 24 | -21.5% | 6.6% | ||
| Q2 24 | -5.5% | 11.4% | ||
| Q1 24 | -10.6% | -22.0% |
| Q4 25 | — | 4.2% | ||
| Q3 25 | 1.4% | 7.0% | ||
| Q2 25 | 1.0% | 6.1% | ||
| Q1 25 | 1.3% | 11.2% | ||
| Q4 24 | 8.7% | 10.3% | ||
| Q3 24 | 1.6% | 12.4% | ||
| Q2 24 | 2.8% | 13.8% | ||
| Q1 24 | 1.6% | 8.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.09× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -3.16× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -5.70× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
MRVI
| Cygnus Segment | $27.2M | 54% |
| Other | $18.4M | 37% |
| Shipping And Handling | $4.3M | 9% |
