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Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) and DNA X, Inc. (SONM). Click either name above to swap in a different company.

Invesco Mortgage Capital Inc. is the larger business by last-quarter revenue ($21.3M vs $16.2M, roughly 1.3× DNA X, Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -29.3%, a 271.5% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs 7.9%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs 9.9%).

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

IVR vs SONM — Head-to-Head

Bigger by revenue
IVR
IVR
1.3× larger
IVR
$21.3M
$16.2M
SONM
Growing faster (revenue YoY)
IVR
IVR
+47.5% gap
IVR
55.4%
7.9%
SONM
Higher net margin
IVR
IVR
271.5% more per $
IVR
242.2%
-29.3%
SONM
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
9.9%
SONM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IVR
IVR
SONM
SONM
Revenue
$21.3M
$16.2M
Net Profit
$51.5M
$-4.8M
Gross Margin
11.2%
Operating Margin
-24.5%
Net Margin
242.2%
-29.3%
Revenue YoY
55.4%
7.9%
Net Profit YoY
1368.7%
-89.2%
EPS (diluted)
$0.72
$-4.83

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
IVR
IVR
SONM
SONM
Q4 25
$21.3M
Q3 25
$17.6M
$16.2M
Q2 25
$17.7M
$11.2M
Q1 25
$18.8M
$16.7M
Q4 24
$13.7M
$15.3M
Q3 24
$7.5M
$15.0M
Q2 24
$8.6M
$11.5M
Q1 24
$7.0M
$9.1M
Net Profit
IVR
IVR
SONM
SONM
Q4 25
$51.5M
Q3 25
$53.5M
$-4.8M
Q2 25
$-23.3M
$-7.5M
Q1 25
$19.6M
$458.0K
Q4 24
$3.5M
$-21.6M
Q3 24
$40.7M
$-2.5M
Q2 24
$-13.5M
$-6.6M
Q1 24
$29.1M
$-2.9M
Gross Margin
IVR
IVR
SONM
SONM
Q4 25
Q3 25
11.2%
Q2 25
7.6%
Q1 25
50.0%
Q4 24
-1.2%
Q3 24
28.2%
Q2 24
25.8%
Q1 24
31.8%
Operating Margin
IVR
IVR
SONM
SONM
Q4 25
Q3 25
-24.5%
Q2 25
-60.2%
Q1 25
3.9%
Q4 24
55.3%
Q3 24
-15.8%
Q2 24
-56.2%
Q1 24
-29.5%
Net Margin
IVR
IVR
SONM
SONM
Q4 25
242.2%
Q3 25
303.6%
-29.3%
Q2 25
-131.6%
-66.8%
Q1 25
104.4%
2.7%
Q4 24
25.6%
-141.6%
Q3 24
542.2%
-16.7%
Q2 24
-155.9%
-57.5%
Q1 24
415.9%
-31.9%
EPS (diluted)
IVR
IVR
SONM
SONM
Q4 25
$0.72
Q3 25
$0.74
$-4.83
Q2 25
$-0.40
$-0.79
Q1 25
$0.26
$0.08
Q4 24
$-0.09
$-116.99
Q3 24
$0.63
$-9.32
Q2 24
$-0.38
$-1.41
Q1 24
$0.49
$-0.65

Balance Sheet & Financial Strength

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

Metric
IVR
IVR
SONM
SONM
Cash + ST InvestmentsLiquidity on hand
$56.0M
$2.1M
Total DebtLower is stronger
$5.1M
Stockholders' EquityBook value
$797.5M
$-701.0K
Total Assets
$6.5B
$40.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVR
IVR
SONM
SONM
Q4 25
$56.0M
Q3 25
$58.5M
$2.1M
Q2 25
$59.4M
$2.0M
Q1 25
$42.9M
$2.1M
Q4 24
$73.4M
$5.3M
Q3 24
$48.3M
$9.1M
Q2 24
$58.8M
$9.6M
Q1 24
$59.9M
$9.3M
Total Debt
IVR
IVR
SONM
SONM
Q4 25
Q3 25
$5.1M
Q2 25
$2.9M
Q1 25
$2.8M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IVR
IVR
SONM
SONM
Q4 25
$797.5M
Q3 25
$769.6M
$-701.0K
Q2 25
$709.4M
$-1.3M
Q1 25
$759.2M
$-1.1M
Q4 24
$730.7M
$-5.7M
Q3 24
$857.0M
$15.3M
Q2 24
$759.2M
$17.5M
Q1 24
$785.6M
$19.8M
Total Assets
IVR
IVR
SONM
SONM
Q4 25
$6.5B
Q3 25
$6.0B
$40.2M
Q2 25
$5.4B
$36.1M
Q1 25
$6.2B
$36.0M
Q4 24
$5.7B
$39.7M
Q3 24
$6.1B
$49.1M
Q2 24
$5.1B
$45.9M
Q1 24
$5.2B
$42.4M

Cash Flow & Capital Efficiency

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

Metric
IVR
IVR
SONM
SONM
Operating Cash FlowLast quarter
$157.1M
$-7.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVR
IVR
SONM
SONM
Q4 25
$157.1M
Q3 25
$37.3M
$-7.0M
Q2 25
$40.6M
$-4.9M
Q1 25
$19.3M
$-9.6M
Q4 24
$183.2M
$-4.5M
Q3 24
$30.8M
$-417.0K
Q2 24
$33.0M
$-3.4M
Q1 24
$57.5M
$-168.0K
Free Cash Flow
IVR
IVR
SONM
SONM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-4.5M
Q3 24
$-554.0K
Q2 24
$-3.4M
Q1 24
$-198.0K
FCF Margin
IVR
IVR
SONM
SONM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-29.6%
Q3 24
-3.7%
Q2 24
-29.8%
Q1 24
-2.2%
Capex Intensity
IVR
IVR
SONM
SONM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.1%
Q3 24
0.9%
Q2 24
0.3%
Q1 24
0.3%
Cash Conversion
IVR
IVR
SONM
SONM
Q4 25
3.05×
Q3 25
0.70×
Q2 25
Q1 25
0.98×
-20.97×
Q4 24
52.24×
Q3 24
0.76×
Q2 24
Q1 24
1.97×

Financial Flow Comparison

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

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