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Side-by-side financial comparison of INSPIRE VETERINARY PARTNERS, INC. (IVP) and Virgin Galactic Holdings, Inc (SPCE). 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 $4.2M, roughly 1.0× Virgin Galactic Holdings, Inc). INSPIRE VETERINARY PARTNERS, INC. runs the higher net margin — -58.5% vs -2222.2%, a 2163.6% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs 6.6%). INSPIRE VETERINARY PARTNERS, INC. produced more free cash flow last quarter ($-1.3M vs $-113.5M).

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.

Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.

IVP vs SPCE — Head-to-Head

Bigger by revenue
IVP
IVP
1.0× larger
IVP
$4.3M
$4.2M
SPCE
Growing faster (revenue YoY)
SPCE
SPCE
+119.0% gap
SPCE
125.5%
6.6%
IVP
Higher net margin
IVP
IVP
2163.6% more per $
IVP
-58.5%
-2222.2%
SPCE
More free cash flow
IVP
IVP
$112.2M more FCF
IVP
$-1.3M
$-113.5M
SPCE

Income Statement — Q3 FY2025 vs Q2 FY2024

Metric
IVP
IVP
SPCE
SPCE
Revenue
$4.3M
$4.2M
Net Profit
$-2.5M
$-93.8M
Gross Margin
-546.6%
Operating Margin
-45.6%
-2412.1%
Net Margin
-58.5%
-2222.2%
Revenue YoY
6.6%
125.5%
Net Profit YoY
27.6%
30.2%
EPS (diluted)
$-4.36

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
SPCE
SPCE
Q3 25
$4.3M
Q2 25
$4.3M
Q1 25
$3.6M
Q4 24
$3.3M
Q3 24
$4.0M
Q2 24
$4.4M
$4.2M
Q1 24
$4.8M
$2.0M
Q4 23
$2.8M
Net Profit
IVP
IVP
SPCE
SPCE
Q3 25
$-2.5M
Q2 25
$-3.0M
Q1 25
$-2.4M
Q4 24
$-4.0M
Q3 24
$-3.5M
Q2 24
$-3.4M
$-93.8M
Q1 24
$-3.4M
$-102.0M
Q4 23
$-104.0M
Gross Margin
IVP
IVP
SPCE
SPCE
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-546.6%
Q1 24
-1038.1%
Q4 23
-766.4%
Operating Margin
IVP
IVP
SPCE
SPCE
Q3 25
-45.6%
Q2 25
-61.1%
Q1 25
-55.2%
Q4 24
-46.2%
Q3 24
-55.2%
Q2 24
-54.5%
-2412.1%
Q1 24
-59.2%
-5599.9%
Q4 23
-4067.8%
Net Margin
IVP
IVP
SPCE
SPCE
Q3 25
-58.5%
Q2 25
-70.8%
Q1 25
-66.4%
Q4 24
-119.4%
Q3 24
-86.2%
Q2 24
-77.1%
-2222.2%
Q1 24
-70.8%
-5139.1%
Q4 23
-3701.8%
EPS (diluted)
IVP
IVP
SPCE
SPCE
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-4.36
Q1 24
$-5.10
Q4 23
$-14.49

Balance Sheet & Financial Strength

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

Metric
IVP
IVP
SPCE
SPCE
Cash + ST InvestmentsLiquidity on hand
$775.7M
Total DebtLower is stronger
$11.8M
Stockholders' EquityBook value
$4.2M
$394.8M
Total Assets
$24.0M
$1.1B
Debt / EquityLower = less leverage
2.82×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVP
IVP
SPCE
SPCE
Q3 25
Q2 25
Q1 25
Q4 24
$523.7K
Q3 24
$681.2K
Q2 24
$7.7K
$775.7M
Q1 24
$69.1K
$765.2M
Q4 23
$874.0M
Total Debt
IVP
IVP
SPCE
SPCE
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 23
Stockholders' Equity
IVP
IVP
SPCE
SPCE
Q3 25
$4.2M
Q2 25
$446.3K
Q1 25
$3.0M
Q4 24
$1.6M
Q3 24
$3.0M
Q2 24
$-3.1M
$394.8M
Q1 24
$269.9K
$417.6M
Q4 23
$505.5M
Total Assets
IVP
IVP
SPCE
SPCE
Q3 25
$24.0M
Q2 25
$20.8M
Q1 25
$20.7M
Q4 24
$20.2M
Q3 24
$22.4M
Q2 24
$21.9M
$1.1B
Q1 24
$23.4M
$1.1B
Q4 23
$1.2B
Debt / Equity
IVP
IVP
SPCE
SPCE
Q3 25
2.82×
Q2 25
26.96×
Q1 25
3.84×
Q4 24
7.67×
Q3 24
4.10×
Q2 24
Q1 24
Q4 23

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
SPCE
SPCE
Operating Cash FlowLast quarter
$-1.3M
$-79.1M
Free Cash FlowOCF − Capex
$-1.3M
$-113.5M
FCF MarginFCF / Revenue
-30.7%
-2690.7%
Capex IntensityCapex / Revenue
1.0%
815.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.3M
$-458.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVP
IVP
SPCE
SPCE
Q3 25
$-1.3M
Q2 25
$-898.3K
Q1 25
$-1.4M
Q4 24
$-677.5K
Q3 24
$-6.3M
Q2 24
$149.7K
$-79.1M
Q1 24
$-3.2M
$-113.2M
Q4 23
$-95.3M
Free Cash Flow
IVP
IVP
SPCE
SPCE
Q3 25
$-1.3M
Q2 25
$-910.9K
Q1 25
$-1.4M
Q4 24
$-709.4K
Q3 24
$-6.3M
Q2 24
$126.0K
$-113.5M
Q1 24
$-3.3M
$-126.3M
Q4 23
$-113.7M
FCF Margin
IVP
IVP
SPCE
SPCE
Q3 25
-30.7%
Q2 25
-21.3%
Q1 25
-38.3%
Q4 24
-21.4%
Q3 24
-156.4%
Q2 24
2.9%
-2690.7%
Q1 24
-68.8%
-6362.8%
Q4 23
-4046.9%
Capex Intensity
IVP
IVP
SPCE
SPCE
Q3 25
1.0%
Q2 25
0.3%
Q1 25
0.6%
Q4 24
1.0%
Q3 24
0.6%
Q2 24
0.5%
815.5%
Q1 24
3.2%
658.5%
Q4 23
653.9%

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%

SPCE
SPCE

Segment breakdown not available.

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