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Side-by-side financial comparison of Invivyd, Inc. (IVVD) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.
Invivyd, Inc. is the larger business by last-quarter revenue ($17.2M vs $11.1M, roughly 1.6× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -64.3%, a 281.0% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs -48.8%).
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.
NexPoint Real Estate Finance, Inc. is a US-based commercial real estate finance firm that offers structured financing solutions for multifamily, office, industrial, and hospitality properties. It focuses on originating, managing and servicing a diversified portfolio of mortgage loans and real estate-related investments to deliver stable risk-adjusted returns to stakeholders.
IVVD vs NREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.2M | $11.1M |
| Net Profit | $-11.1M | $24.0M |
| Gross Margin | — | — |
| Operating Margin | -73.0% | — |
| Net Margin | -64.3% | 216.6% |
| Revenue YoY | 24.5% | -48.8% |
| Net Profit YoY | 40.0% | 58.7% |
| EPS (diluted) | $0.02 | $0.47 |
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 | $11.1M | ||
| Q3 25 | $13.1M | $12.5M | ||
| Q2 25 | $11.8M | $12.1M | ||
| Q1 25 | $11.3M | $11.5M | ||
| Q4 24 | $13.8M | $21.7M | ||
| Q3 24 | $9.3M | $12.5M | ||
| Q2 24 | $2.3M | $6.7M | ||
| Q1 24 | $0 | $-12.8M |
| Q4 25 | $-11.1M | $24.0M | ||
| Q3 25 | $-10.5M | $50.9M | ||
| Q2 25 | $-14.7M | $22.3M | ||
| Q1 25 | $-16.3M | $26.0M | ||
| Q4 24 | $-18.4M | $15.2M | ||
| Q3 24 | $-60.7M | $23.3M | ||
| Q2 24 | $-47.2M | $12.1M | ||
| Q1 24 | $-43.5M | $-14.6M |
| 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% | — | ||
| Q1 24 | — | — |
| Q4 25 | -64.3% | 216.6% | ||
| Q3 25 | -79.7% | 407.0% | ||
| Q2 25 | -124.4% | 184.5% | ||
| Q1 25 | -144.1% | 225.6% | ||
| Q4 24 | -133.5% | 69.9% | ||
| Q3 24 | -653.1% | 186.4% | ||
| Q2 24 | -2086.9% | 179.7% | ||
| Q1 24 | — | 114.3% |
| Q4 25 | $0.02 | $0.47 | ||
| Q3 25 | $-0.06 | $1.14 | ||
| Q2 25 | $-0.12 | $0.54 | ||
| Q1 25 | $-0.14 | $0.70 | ||
| Q4 24 | $-0.14 | $0.71 | ||
| Q3 24 | $-0.51 | $0.74 | ||
| Q2 24 | $-0.40 | $0.40 | ||
| Q1 24 | $-0.38 | $-0.83 |
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 | $31.1M |
| Total DebtLower is stronger | — | $771.2M |
| Stockholders' EquityBook value | $241.5M | $388.0M |
| Total Assets | $276.9M | $5.3B |
| Debt / EquityLower = less leverage | — | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.7M | $31.1M | ||
| Q3 25 | $85.0M | $17.9M | ||
| Q2 25 | $34.9M | $9.1M | ||
| Q1 25 | $48.1M | $19.2M | ||
| Q4 24 | $69.3M | $3.9M | ||
| Q3 24 | $106.9M | $34.7M | ||
| Q2 24 | $147.9M | $4.3M | ||
| Q1 24 | $189.4M | $13.5M |
| Q4 25 | — | $771.2M | ||
| Q3 25 | — | $720.9M | ||
| Q2 25 | — | $815.6M | ||
| Q1 25 | — | $831.5M | ||
| Q4 24 | — | $799.3M | ||
| Q3 24 | — | $815.5M | ||
| Q2 24 | — | $861.0M | ||
| Q1 24 | — | $843.3M |
| Q4 25 | $241.5M | $388.0M | ||
| Q3 25 | $93.1M | $375.4M | ||
| Q2 25 | $42.8M | $348.2M | ||
| Q1 25 | $54.1M | $343.7M | ||
| Q4 24 | $67.5M | $336.5M | ||
| Q3 24 | $83.2M | $335.8M | ||
| Q2 24 | $140.6M | $327.5M | ||
| Q1 24 | $178.5M | $327.1M |
| Q4 25 | $276.9M | $5.3B | ||
| Q3 25 | $139.2M | $5.3B | ||
| Q2 25 | $89.1M | $5.4B | ||
| Q1 25 | $103.7M | $5.4B | ||
| Q4 24 | $129.5M | $5.4B | ||
| Q3 24 | $161.9M | $5.7B | ||
| Q2 24 | $177.3M | $6.6B | ||
| Q1 24 | $215.5M | $7.1B |
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 1.92× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 2.42× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 2.43× | ||
| Q2 24 | — | 2.63× | ||
| Q1 24 | — | 2.58× |
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 | $-4.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | -0.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.5M | $-4.5M | ||
| Q3 25 | $-8.3M | $8.1M | ||
| Q2 25 | $-13.3M | $3.3M | ||
| Q1 25 | $-21.1M | $16.0M | ||
| Q4 24 | $-37.6M | $4.4M | ||
| Q3 24 | $-41.1M | $14.7M | ||
| Q2 24 | $-41.6M | $-7.5M | ||
| Q1 24 | $-50.2M | $17.7M |
| 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 | — | -0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.63× | ||
| Q2 24 | — | -0.62× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
