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Side-by-side financial comparison of INSPIRE VETERINARY PARTNERS, INC. (IVP) and KOSS CORP (KOSS). Click either name above to swap in a different company.

INSPIRE VETERINARY PARTNERS, INC. is the larger business by last-quarter revenue ($4.3M vs $2.9M, roughly 1.5× KOSS CORP). KOSS CORP runs the higher net margin — -19.8% vs -58.5%, a 38.8% gap on every dollar of revenue. On growth, INSPIRE VETERINARY PARTNERS, INC. posted the faster year-over-year revenue change (6.6% vs -19.6%). KOSS CORP produced more free cash flow last quarter ($-1.1M vs $-1.3M). Over the past eight quarters, KOSS CORP's revenue compounded faster (4.2% CAGR vs 2.4%).

Inspire Veterinary Partners, Inc. is a U.S.-based operator of companion animal veterinary clinics. It delivers full-spectrum pet healthcare services including preventive care, diagnostic testing, surgery, dental care, and emergency treatment for dogs, cats and other small pets, serving communities across multiple U.S. states.

Koss Corporation is a company in Milwaukee, Wisconsin, US that manufactures headphones. The company created the first high-fidelity stereo headphones in 1958.

IVP vs KOSS — Head-to-Head

Bigger by revenue
IVP
IVP
1.5× larger
IVP
$4.3M
$2.9M
KOSS
Growing faster (revenue YoY)
IVP
IVP
+26.2% gap
IVP
6.6%
-19.6%
KOSS
Higher net margin
KOSS
KOSS
38.8% more per $
KOSS
-19.8%
-58.5%
IVP
More free cash flow
KOSS
KOSS
$253.6K more FCF
KOSS
$-1.1M
$-1.3M
IVP
Faster 2-yr revenue CAGR
KOSS
KOSS
Annualised
KOSS
4.2%
2.4%
IVP

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
IVP
IVP
KOSS
KOSS
Revenue
$4.3M
$2.9M
Net Profit
$-2.5M
$-565.4K
Gross Margin
29.0%
Operating Margin
-45.6%
-35.5%
Net Margin
-58.5%
-19.8%
Revenue YoY
6.6%
-19.6%
Net Profit YoY
27.6%
-700.6%
EPS (diluted)
$-0.06

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
IVP
IVP
KOSS
KOSS
Q4 25
$2.9M
Q3 25
$4.3M
$4.1M
Q2 25
$4.3M
$3.1M
Q1 25
$3.6M
$2.8M
Q4 24
$3.3M
$3.6M
Q3 24
$4.0M
$3.2M
Q2 24
$4.4M
$2.9M
Q1 24
$4.8M
$2.6M
Net Profit
IVP
IVP
KOSS
KOSS
Q4 25
$-565.4K
Q3 25
$-2.5M
$243.7K
Q2 25
$-3.0M
$-232.7K
Q1 25
$-2.4M
$-316.7K
Q4 24
$-4.0M
$94.1K
Q3 24
$-3.5M
$-419.5K
Q2 24
$-3.4M
$-110.4K
Q1 24
$-3.4M
$-313.8K
Gross Margin
IVP
IVP
KOSS
KOSS
Q4 25
29.0%
Q3 25
40.0%
Q2 25
36.0%
Q1 25
39.0%
Q4 24
39.5%
Q3 24
36.6%
Q2 24
40.4%
Q1 24
31.9%
Operating Margin
IVP
IVP
KOSS
KOSS
Q4 25
-35.5%
Q3 25
-45.6%
-1.1%
Q2 25
-61.1%
-14.2%
Q1 25
-55.2%
-18.7%
Q4 24
-46.2%
-4.0%
Q3 24
-55.2%
-19.9%
Q2 24
-54.5%
-11.0%
Q1 24
-59.2%
-23.1%
Net Margin
IVP
IVP
KOSS
KOSS
Q4 25
-19.8%
Q3 25
-58.5%
6.0%
Q2 25
-70.8%
-7.5%
Q1 25
-66.4%
-11.4%
Q4 24
-119.4%
2.6%
Q3 24
-86.2%
-13.1%
Q2 24
-77.1%
-3.8%
Q1 24
-70.8%
-11.9%
EPS (diluted)
IVP
IVP
KOSS
KOSS
Q4 25
$-0.06
Q3 25
$0.03
Q2 25
$-0.02
Q1 25
$-0.03
Q4 24
$0.01
Q3 24
$-0.05
Q2 24
$-0.01
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
IVP
IVP
KOSS
KOSS
Cash + ST InvestmentsLiquidity on hand
$15.5M
Total DebtLower is stronger
$11.8M
Stockholders' EquityBook value
$4.2M
$30.3M
Total Assets
$24.0M
$36.8M
Debt / EquityLower = less leverage
2.82×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVP
IVP
KOSS
KOSS
Q4 25
$15.5M
Q3 25
$16.5M
Q2 25
$15.7M
Q1 25
$13.0M
Q4 24
$523.7K
$9.7M
Q3 24
$681.2K
$11.9M
Q2 24
$7.7K
$14.9M
Q1 24
$69.1K
$9.9M
Total Debt
IVP
IVP
KOSS
KOSS
Q4 25
Q3 25
$11.8M
Q2 25
$12.0M
Q1 25
$11.5M
Q4 24
$12.0M
Q3 24
$12.4M
Q2 24
$14.6M
Q1 24
Stockholders' Equity
IVP
IVP
KOSS
KOSS
Q4 25
$30.3M
Q3 25
$4.2M
$30.9M
Q2 25
$446.3K
$30.6M
Q1 25
$3.0M
$30.7M
Q4 24
$1.6M
$31.0M
Q3 24
$3.0M
$30.8M
Q2 24
$-3.1M
$31.1M
Q1 24
$269.9K
$31.1M
Total Assets
IVP
IVP
KOSS
KOSS
Q4 25
$36.8M
Q3 25
$24.0M
$37.7M
Q2 25
$20.8M
$37.2M
Q1 25
$20.7M
$37.3M
Q4 24
$20.2M
$37.4M
Q3 24
$22.4M
$38.1M
Q2 24
$21.9M
$37.2M
Q1 24
$23.4M
$37.6M
Debt / Equity
IVP
IVP
KOSS
KOSS
Q4 25
Q3 25
2.82×
Q2 25
26.96×
Q1 25
3.84×
Q4 24
7.67×
Q3 24
4.10×
Q2 24
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
IVP
IVP
KOSS
KOSS
Operating Cash FlowLast quarter
$-1.3M
$-760.8K
Free Cash FlowOCF − Capex
$-1.3M
$-1.1M
FCF MarginFCF / Revenue
-30.7%
-37.5%
Capex IntensityCapex / Revenue
1.0%
10.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.3M
$-546.7K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVP
IVP
KOSS
KOSS
Q4 25
$-760.8K
Q3 25
$-1.3M
$762.6K
Q2 25
$-898.3K
$-534.9K
Q1 25
$-1.4M
$370.4K
Q4 24
$-677.5K
$-252.0K
Q3 24
$-6.3M
$201.6K
Q2 24
$149.7K
$-174.0K
Q1 24
$-3.2M
$328.6K
Free Cash Flow
IVP
IVP
KOSS
KOSS
Q4 25
$-1.1M
Q3 25
$-1.3M
$761.5K
Q2 25
$-910.9K
$-541.8K
Q1 25
$-1.4M
$306.2K
Q4 24
$-709.4K
$-314.3K
Q3 24
$-6.3M
$-155.6K
Q2 24
$126.0K
$-174.8K
Q1 24
$-3.3M
$269.3K
FCF Margin
IVP
IVP
KOSS
KOSS
Q4 25
-37.5%
Q3 25
-30.7%
18.7%
Q2 25
-21.3%
-17.6%
Q1 25
-38.3%
11.0%
Q4 24
-21.4%
-8.8%
Q3 24
-156.4%
-4.9%
Q2 24
2.9%
-6.0%
Q1 24
-68.8%
10.2%
Capex Intensity
IVP
IVP
KOSS
KOSS
Q4 25
10.9%
Q3 25
1.0%
0.0%
Q2 25
0.3%
0.2%
Q1 25
0.6%
2.3%
Q4 24
1.0%
1.8%
Q3 24
0.6%
11.2%
Q2 24
0.5%
0.0%
Q1 24
3.2%
2.3%
Cash Conversion
IVP
IVP
KOSS
KOSS
Q4 25
Q3 25
3.13×
Q2 25
Q1 25
Q4 24
-2.68×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

IVP
IVP

Services$3.1M73%
Products$1.2M27%

KOSS
KOSS

Segment breakdown not available.

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