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Side-by-side financial comparison of INSPIRE VETERINARY PARTNERS, INC. (IVP) and REED'S, INC. (REED). Click either name above to swap in a different company.
REED'S, INC. is the larger business by last-quarter revenue ($7.5M vs $4.3M, roughly 1.7× INSPIRE VETERINARY PARTNERS, INC.). REED'S, INC. runs the higher net margin — -50.5% vs -58.5%, a 8.0% gap on every dollar of revenue. On growth, INSPIRE VETERINARY PARTNERS, INC. posted the faster year-over-year revenue change (6.6% vs -23.1%). INSPIRE VETERINARY PARTNERS, INC. produced more free cash flow last quarter ($-1.3M vs $-3.9M). Over the past eight quarters, INSPIRE VETERINARY PARTNERS, INC.'s revenue compounded faster (2.4% CAGR vs -11.7%).
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.
Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.
IVP vs REED — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.3M | $7.5M |
| Net Profit | $-2.5M | $-3.8M |
| Gross Margin | — | 20.4% |
| Operating Margin | -45.6% | -46.9% |
| Net Margin | -58.5% | -50.5% |
| Revenue YoY | 6.6% | -23.1% |
| Net Profit YoY | 27.6% | 8.2% |
| EPS (diluted) | — | $-1.26 |
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 | — | $7.5M | ||
| Q3 25 | $4.3M | $7.0M | ||
| Q2 25 | $4.3M | $9.5M | ||
| Q1 25 | $3.6M | $10.0M | ||
| Q4 24 | $3.3M | $9.7M | ||
| Q3 24 | $4.0M | $6.8M | ||
| Q2 24 | $4.4M | $11.9M | ||
| Q1 24 | $4.8M | $9.6M |
| Q4 25 | — | $-3.8M | ||
| Q3 25 | $-2.5M | $-4.0M | ||
| Q2 25 | $-3.0M | $-6.0M | ||
| Q1 25 | $-2.4M | $-2.0M | ||
| Q4 24 | $-4.0M | $-4.1M | ||
| Q3 24 | $-3.5M | $-4.2M | ||
| Q2 24 | $-3.4M | $-3.2M | ||
| Q1 24 | $-3.4M | $-1.7M |
| Q4 25 | — | 20.4% | ||
| Q3 25 | — | 17.4% | ||
| Q2 25 | — | 8.5% | ||
| Q1 25 | — | 33.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 18.0% | ||
| Q2 24 | — | 32.3% | ||
| Q1 24 | — | 35.6% |
| Q4 25 | — | -46.9% | ||
| Q3 25 | -45.6% | -58.3% | ||
| Q2 25 | -61.1% | -60.8% | ||
| Q1 25 | -55.2% | -17.4% | ||
| Q4 24 | -46.2% | -37.6% | ||
| Q3 24 | -55.2% | -46.5% | ||
| Q2 24 | -54.5% | -5.6% | ||
| Q1 24 | -59.2% | -6.8% |
| Q4 25 | — | -50.5% | ||
| Q3 25 | -58.5% | -56.6% | ||
| Q2 25 | -70.8% | -63.5% | ||
| Q1 25 | -66.4% | -20.3% | ||
| Q4 24 | -119.4% | -42.3% | ||
| Q3 24 | -86.2% | -61.5% | ||
| Q2 24 | -77.1% | -27.1% | ||
| Q1 24 | -70.8% | -17.4% |
| Q4 25 | — | $-1.26 | ||
| Q3 25 | — | $-0.48 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $-3.73 | ||
| Q3 24 | — | $-4.91 | ||
| Q2 24 | — | $-0.77 | ||
| Q1 24 | — | $-0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $11.8M | — |
| Stockholders' EquityBook value | $4.2M | $9.2M |
| Total Assets | $24.0M | $23.3M |
| Debt / EquityLower = less leverage | 2.82× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $523.7K | — | ||
| Q3 24 | $681.2K | — | ||
| Q2 24 | $7.7K | — | ||
| Q1 24 | $69.1K | — |
| 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 | — | — |
| Q4 25 | — | $9.2M | ||
| Q3 25 | $4.2M | $2.8M | ||
| Q2 25 | $446.3K | $1.7M | ||
| Q1 25 | $3.0M | $4.7M | ||
| Q4 24 | $1.6M | $6.6M | ||
| Q3 24 | $3.0M | $-22.0M | ||
| Q2 24 | $-3.1M | $-23.8M | ||
| Q1 24 | $269.9K | $-20.7M |
| Q4 25 | — | $23.3M | ||
| Q3 25 | $24.0M | $19.9M | ||
| Q2 25 | $20.8M | $23.7M | ||
| Q1 25 | $20.7M | $24.5M | ||
| Q4 24 | $20.2M | $25.1M | ||
| Q3 24 | $22.4M | $15.0M | ||
| Q2 24 | $21.9M | $18.7M | ||
| Q1 24 | $23.4M | $19.3M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.3M | $-3.8M |
| Free Cash FlowOCF − Capex | $-1.3M | $-3.9M |
| FCF MarginFCF / Revenue | -30.7% | -52.0% |
| Capex IntensityCapex / Revenue | 1.0% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-4.3M | $-17.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-3.8M | ||
| Q3 25 | $-1.3M | $-2.8M | ||
| Q2 25 | $-898.3K | $-5.0M | ||
| Q1 25 | $-1.4M | $-5.4M | ||
| Q4 24 | $-677.5K | $-3.9M | ||
| Q3 24 | $-6.3M | $1.1M | ||
| Q2 24 | $149.7K | $-912.0K | ||
| Q1 24 | $-3.2M | $-2.4M |
| Q4 25 | — | $-3.9M | ||
| Q3 25 | $-1.3M | $-2.9M | ||
| Q2 25 | $-910.9K | $-5.1M | ||
| Q1 25 | $-1.4M | $-5.4M | ||
| Q4 24 | $-709.4K | $-4.0M | ||
| Q3 24 | $-6.3M | $1.0M | ||
| Q2 24 | $126.0K | $-924.0K | ||
| Q1 24 | $-3.3M | $-2.4M |
| Q4 25 | — | -52.0% | ||
| Q3 25 | -30.7% | -41.5% | ||
| Q2 25 | -21.3% | -53.2% | ||
| Q1 25 | -38.3% | -54.2% | ||
| Q4 24 | -21.4% | -40.8% | ||
| Q3 24 | -156.4% | 15.3% | ||
| Q2 24 | 2.9% | -7.8% | ||
| Q1 24 | -68.8% | -25.1% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 1.0% | 1.4% | ||
| Q2 25 | 0.3% | 0.2% | ||
| Q1 25 | 0.6% | 0.7% | ||
| Q4 24 | 1.0% | 1.0% | ||
| Q3 24 | 0.6% | 0.3% | ||
| Q2 24 | 0.5% | 0.1% | ||
| Q1 24 | 3.2% | 0.2% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IVP
| Services | $3.1M | 73% |
| Products | $1.2M | 27% |
REED
Segment breakdown not available.
