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Side-by-side financial comparison of Invivyd, Inc. (IVVD) and TPG Mortgage Investment Trust, Inc. (MITT). Click either name above to swap in a different company.
TPG Mortgage Investment Trust, Inc. is the larger business by last-quarter revenue ($20.4M vs $17.2M, roughly 1.2× Invivyd, Inc.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs -64.3%, a 129.3% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs 17.7%).
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.
TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.
IVVD vs MITT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.2M | $20.4M |
| Net Profit | $-11.1M | $13.3M |
| Gross Margin | — | — |
| Operating Margin | -73.0% | 67.1% |
| Net Margin | -64.3% | 65.0% |
| Revenue YoY | 24.5% | 17.7% |
| Net Profit YoY | 40.0% | -7.0% |
| EPS (diluted) | $0.02 | $0.27 |
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 | $17.2M | $20.4M | ||
| Q3 25 | $13.1M | $19.5M | ||
| Q2 25 | $11.8M | $17.8M | ||
| Q1 25 | $11.3M | $18.8M | ||
| Q4 24 | $13.8M | $17.4M | ||
| Q3 24 | $9.3M | $14.9M | ||
| Q2 24 | $2.3M | $16.4M | ||
| Q1 24 | $0 | $17.2M |
| Q4 25 | $-11.1M | $13.3M | ||
| Q3 25 | $-10.5M | $20.0M | ||
| Q2 25 | $-14.7M | $3.9M | ||
| Q1 25 | $-16.3M | $11.5M | ||
| Q4 24 | $-18.4M | $14.3M | ||
| Q3 24 | $-60.7M | $16.6M | ||
| Q2 24 | $-47.2M | $3.9M | ||
| Q1 24 | $-43.5M | $20.9M |
| Q4 25 | -73.0% | 67.1% | ||
| Q3 25 | -84.0% | — | ||
| Q2 25 | -127.8% | 20.9% | ||
| Q1 25 | -149.7% | 54.6% | ||
| Q4 24 | -139.1% | 76.7% | ||
| Q3 24 | -670.0% | — | ||
| Q2 24 | -2175.2% | 18.4% | ||
| Q1 24 | — | — |
| Q4 25 | -64.3% | 65.0% | ||
| Q3 25 | -79.7% | 102.5% | ||
| Q2 25 | -124.4% | 22.2% | ||
| Q1 25 | -144.1% | 60.9% | ||
| Q4 24 | -133.5% | 82.2% | ||
| Q3 24 | -653.1% | 111.3% | ||
| Q2 24 | -2086.9% | 24.0% | ||
| Q1 24 | — | 121.6% |
| Q4 25 | $0.02 | $0.27 | ||
| Q3 25 | $-0.06 | $0.47 | ||
| Q2 25 | $-0.12 | $-0.05 | ||
| Q1 25 | $-0.14 | $0.21 | ||
| Q4 24 | $-0.14 | $0.30 | ||
| Q3 24 | $-0.51 | $0.40 | ||
| Q2 24 | $-0.40 | $-0.02 | ||
| Q1 24 | $-0.38 | $0.55 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $226.7M | $57.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $241.5M | $560.7M |
| Total Assets | $276.9M | $8.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.7M | $57.8M | ||
| Q3 25 | $85.0M | $59.0M | ||
| Q2 25 | $34.9M | $88.7M | ||
| Q1 25 | $48.1M | $115.5M | ||
| Q4 24 | $69.3M | $118.7M | ||
| Q3 24 | $106.9M | $102.5M | ||
| Q2 24 | $147.9M | $120.9M | ||
| Q1 24 | $189.4M | $100.3M |
| Q4 25 | $241.5M | $560.7M | ||
| Q3 25 | $93.1M | $559.8M | ||
| Q2 25 | $42.8M | $536.4M | ||
| Q1 25 | $54.1M | $543.9M | ||
| Q4 24 | $67.5M | $543.4M | ||
| Q3 24 | $83.2M | $540.1M | ||
| Q2 24 | $140.6M | $533.5M | ||
| Q1 24 | $178.5M | $539.6M |
| Q4 25 | $276.9M | $8.7B | ||
| Q3 25 | $139.2M | $9.0B | ||
| Q2 25 | $89.1M | $7.5B | ||
| Q1 25 | $103.7M | $7.3B | ||
| Q4 24 | $129.5M | $6.9B | ||
| Q3 24 | $161.9M | $7.0B | ||
| Q2 24 | $177.3M | $7.1B | ||
| Q1 24 | $215.5M | $6.4B |
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 | $-15.5M | $59.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | 4.48× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.5M | $59.6M | ||
| Q3 25 | $-8.3M | $17.4M | ||
| Q2 25 | $-13.3M | $11.5M | ||
| Q1 25 | $-21.1M | $12.0M | ||
| Q4 24 | $-37.6M | $55.8M | ||
| Q3 24 | $-41.1M | $14.5M | ||
| Q2 24 | $-41.6M | $13.7M | ||
| Q1 24 | $-50.2M | $12.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-13.3M | — | ||
| Q1 25 | $-21.3M | — | ||
| Q4 24 | $-37.6M | — | ||
| Q3 24 | $-41.1M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-50.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -112.9% | — | ||
| Q1 25 | -188.2% | — | ||
| Q4 24 | -272.2% | — | ||
| Q3 24 | -441.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 4.48× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 2.92× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 3.91× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | — | 3.50× | ||
| Q1 24 | — | 0.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
