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Side-by-side financial comparison of Invivyd, Inc. (IVVD) and GLADSTONE LAND Corp (LAND). Click either name above to swap in a different company.

Invivyd, Inc. is the larger business by last-quarter revenue ($17.2M vs $16.6M, roughly 1.0× GLADSTONE LAND Corp). On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs -1.5%).

Invivyd, Inc. is a clinical-stage biopharmaceutical company focused on developing broadly neutralizing antibody therapies to prevent and treat serious viral infectious diseases. Its core research and development pipeline targets high-burden respiratory pathogens including respiratory syncytial virus, catering to unmet medical needs of global patient groups.

Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures. While it...

IVVD vs LAND — Head-to-Head

Bigger by revenue
IVVD
IVVD
1.0× larger
IVVD
$17.2M
$16.6M
LAND
Growing faster (revenue YoY)
IVVD
IVVD
+26.0% gap
IVVD
24.5%
-1.5%
LAND

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IVVD
IVVD
LAND
LAND
Revenue
$17.2M
$16.6M
Net Profit
$-11.1M
Gross Margin
Operating Margin
-73.0%
200.3%
Net Margin
-64.3%
Revenue YoY
24.5%
-1.5%
Net Profit YoY
40.0%
EPS (diluted)
$0.02

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
IVVD
IVVD
LAND
LAND
Q1 26
$16.6M
Q4 25
$17.2M
$41.5M
Q3 25
$13.1M
$17.8M
Q2 25
$11.8M
$12.3M
Q1 25
$11.3M
$16.8M
Q4 24
$13.8M
$21.1M
Q3 24
$9.3M
$22.6M
Q2 24
$2.3M
$21.3M
Net Profit
IVVD
IVVD
LAND
LAND
Q1 26
Q4 25
$-11.1M
$4.2M
Q3 25
$-10.5M
$2.1M
Q2 25
$-14.7M
$-7.9M
Q1 25
$-16.3M
$15.1M
Q4 24
$-18.4M
$540.0K
Q3 24
$-60.7M
$6.0K
Q2 24
$-47.2M
$-823.0K
Operating Margin
IVVD
IVVD
LAND
LAND
Q1 26
200.3%
Q4 25
-73.0%
Q3 25
-84.0%
Q2 25
-127.8%
Q1 25
-149.7%
Q4 24
-139.1%
Q3 24
-670.0%
Q2 24
-2175.2%
Net Margin
IVVD
IVVD
LAND
LAND
Q1 26
Q4 25
-64.3%
10.2%
Q3 25
-79.7%
11.7%
Q2 25
-124.4%
-64.1%
Q1 25
-144.1%
89.9%
Q4 24
-133.5%
2.6%
Q3 24
-653.1%
0.0%
Q2 24
-2086.9%
-3.9%
EPS (diluted)
IVVD
IVVD
LAND
LAND
Q1 26
Q4 25
$0.02
$-0.05
Q3 25
$-0.06
$-0.11
Q2 25
$-0.12
$-0.38
Q1 25
$-0.14
$0.25
Q4 24
$-0.14
$-0.15
Q3 24
$-0.51
$-0.16
Q2 24
$-0.40
$-0.19

Balance Sheet & Financial Strength

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

Metric
IVVD
IVVD
LAND
LAND
Cash + ST InvestmentsLiquidity on hand
$226.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$241.5M
$688.3M
Total Assets
$276.9M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVVD
IVVD
LAND
LAND
Q1 26
Q4 25
$226.7M
$27.2M
Q3 25
$85.0M
$11.3M
Q2 25
$34.9M
$30.5M
Q1 25
$48.1M
$42.9M
Q4 24
$69.3M
$18.3M
Q3 24
$106.9M
$13.2M
Q2 24
$147.9M
$49.8M
Total Debt
IVVD
IVVD
LAND
LAND
Q1 26
Q4 25
$473.6M
Q3 25
$480.4M
Q2 25
$496.4M
Q1 25
$498.8M
Q4 24
$527.5M
Q3 24
$530.7M
Q2 24
$549.4M
Stockholders' Equity
IVVD
IVVD
LAND
LAND
Q1 26
$688.3M
Q4 25
$241.5M
$670.3M
Q3 25
$93.1M
$661.8M
Q2 25
$42.8M
$670.1M
Q1 25
$54.1M
$689.9M
Q4 24
$67.5M
$687.2M
Q3 24
$83.2M
$691.2M
Q2 24
$140.6M
$708.5M
Total Assets
IVVD
IVVD
LAND
LAND
Q1 26
$1.2B
Q4 25
$276.9M
$1.2B
Q3 25
$139.2M
$1.2B
Q2 25
$89.1M
$1.3B
Q1 25
$103.7M
$1.3B
Q4 24
$129.5M
$1.3B
Q3 24
$161.9M
$1.3B
Q2 24
$177.3M
$1.4B
Debt / Equity
IVVD
IVVD
LAND
LAND
Q1 26
Q4 25
0.71×
Q3 25
0.73×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.77×
Q3 24
0.77×
Q2 24
0.78×

Cash Flow & Capital Efficiency

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

Metric
IVVD
IVVD
LAND
LAND
Operating Cash FlowLast quarter
$-15.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVVD
IVVD
LAND
LAND
Q1 26
Q4 25
$-15.5M
$7.0M
Q3 25
$-8.3M
$-12.0M
Q2 25
$-13.3M
$3.9M
Q1 25
$-21.1M
$4.5M
Q4 24
$-37.6M
$29.5M
Q3 24
$-41.1M
$-1.4M
Q2 24
$-41.6M
$15.9M
Free Cash Flow
IVVD
IVVD
LAND
LAND
Q1 26
Q4 25
Q3 25
Q2 25
$-13.3M
Q1 25
$-21.3M
Q4 24
$-37.6M
Q3 24
$-41.1M
Q2 24
FCF Margin
IVVD
IVVD
LAND
LAND
Q1 26
Q4 25
Q3 25
Q2 25
-112.9%
Q1 25
-188.2%
Q4 24
-272.2%
Q3 24
-441.6%
Q2 24
Capex Intensity
IVVD
IVVD
LAND
LAND
Q1 26
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
1.3%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.0%
Cash Conversion
IVVD
IVVD
LAND
LAND
Q1 26
Q4 25
1.66×
Q3 25
-5.77×
Q2 25
Q1 25
0.30×
Q4 24
54.72×
Q3 24
-227.83×
Q2 24

Financial Flow Comparison

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

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