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

Invivyd, Inc. is the larger business by last-quarter revenue ($17.2M vs $12.8M, roughly 1.3× NextPlat Corp). NextPlat Corp runs the higher net margin — -40.2% vs -64.3%, a 24.1% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs -21.1%).

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.

IVVD vs NXPL — Head-to-Head

Bigger by revenue
IVVD
IVVD
1.3× larger
IVVD
$17.2M
$12.8M
NXPL
Growing faster (revenue YoY)
IVVD
IVVD
+45.6% gap
IVVD
24.5%
-21.1%
NXPL
Higher net margin
NXPL
NXPL
24.1% more per $
NXPL
-40.2%
-64.3%
IVVD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IVVD
IVVD
NXPL
NXPL
Revenue
$17.2M
$12.8M
Net Profit
$-11.1M
$-5.1M
Gross Margin
14.3%
Operating Margin
-73.0%
-28.9%
Net Margin
-64.3%
-40.2%
Revenue YoY
24.5%
-21.1%
Net Profit YoY
40.0%
-70.6%
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
NXPL
NXPL
Q4 25
$17.2M
$12.8M
Q3 25
$13.1M
$13.8M
Q2 25
$11.8M
$13.2M
Q1 25
$11.3M
$14.5M
Q4 24
$13.8M
$16.2M
Q3 24
$9.3M
$15.4M
Q2 24
$2.3M
$17.0M
Q1 24
$0
$17.5M
Net Profit
IVVD
IVVD
NXPL
NXPL
Q4 25
$-11.1M
$-5.1M
Q3 25
$-10.5M
$-2.2M
Q2 25
$-14.7M
$-1.8M
Q1 25
$-16.3M
$-1.3M
Q4 24
$-18.4M
$-3.0M
Q3 24
$-60.7M
$-4.2M
Q2 24
$-47.2M
$-5.3M
Q1 24
$-43.5M
$-1.5M
Gross Margin
IVVD
IVVD
NXPL
NXPL
Q4 25
14.3%
Q3 25
19.9%
Q2 25
21.8%
Q1 25
23.8%
Q4 24
16.8%
Q3 24
23.2%
Q2 24
34.5%
Q1 24
27.8%
Operating Margin
IVVD
IVVD
NXPL
NXPL
Q4 25
-73.0%
-28.9%
Q3 25
-84.0%
-14.5%
Q2 25
-127.8%
-13.8%
Q1 25
-149.7%
-10.2%
Q4 24
-139.1%
-14.1%
Q3 24
-670.0%
-52.1%
Q2 24
-2175.2%
-64.1%
Q1 24
-10.5%
Net Margin
IVVD
IVVD
NXPL
NXPL
Q4 25
-64.3%
-40.2%
Q3 25
-79.7%
-15.9%
Q2 25
-124.4%
-13.5%
Q1 25
-144.1%
-9.2%
Q4 24
-133.5%
-18.6%
Q3 24
-653.1%
-27.4%
Q2 24
-2086.9%
-31.3%
Q1 24
-8.5%
EPS (diluted)
IVVD
IVVD
NXPL
NXPL
Q4 25
$0.02
Q3 25
$-0.06
Q2 25
$-0.12
Q1 25
$-0.14
$-0.05
Q4 24
$-0.14
Q3 24
$-0.51
$-0.22
Q2 24
$-0.40
Q1 24
$-0.38
$-0.08

Balance Sheet & Financial Strength

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

Metric
IVVD
IVVD
NXPL
NXPL
Cash + ST InvestmentsLiquidity on hand
$226.7M
$13.7M
Total DebtLower is stronger
$1.3M
Stockholders' EquityBook value
$241.5M
$17.3M
Total Assets
$276.9M
$27.5M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVVD
IVVD
NXPL
NXPL
Q4 25
$226.7M
$13.7M
Q3 25
$85.0M
$13.9M
Q2 25
$34.9M
$16.6M
Q1 25
$48.1M
$17.7M
Q4 24
$69.3M
$20.0M
Q3 24
$106.9M
$20.4M
Q2 24
$147.9M
$24.9M
Q1 24
$189.4M
$23.5M
Total Debt
IVVD
IVVD
NXPL
NXPL
Q4 25
$1.3M
Q3 25
$1.2M
Q2 25
$1.2M
Q1 25
$1.3M
Q4 24
$1.4M
Q3 24
$1.5M
Q2 24
$1.3M
Q1 24
$1.4M
Stockholders' Equity
IVVD
IVVD
NXPL
NXPL
Q4 25
$241.5M
$17.3M
Q3 25
$93.1M
$21.4M
Q2 25
$42.8M
$23.5M
Q1 25
$54.1M
$25.3M
Q4 24
$67.5M
$27.3M
Q3 24
$83.2M
$22.5M
Q2 24
$140.6M
$26.5M
Q1 24
$178.5M
$31.2M
Total Assets
IVVD
IVVD
NXPL
NXPL
Q4 25
$276.9M
$27.5M
Q3 25
$139.2M
$30.0M
Q2 25
$89.1M
$31.0M
Q1 25
$103.7M
$35.2M
Q4 24
$129.5M
$37.1M
Q3 24
$161.9M
$41.1M
Q2 24
$177.3M
$51.5M
Q1 24
$215.5M
$65.1M
Debt / Equity
IVVD
IVVD
NXPL
NXPL
Q4 25
0.07×
Q3 25
0.05×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.07×
Q2 24
0.05×
Q1 24
0.04×

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
NXPL
NXPL
Operating Cash FlowLast quarter
$-15.5M
$-302.0K
Free Cash FlowOCF − Capex
$-339.0K
FCF MarginFCF / Revenue
-2.6%
Capex IntensityCapex / Revenue
0.0%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVVD
IVVD
NXPL
NXPL
Q4 25
$-15.5M
$-302.0K
Q3 25
$-8.3M
$-2.7M
Q2 25
$-13.3M
$-1.0M
Q1 25
$-21.1M
$-2.1M
Q4 24
$-37.6M
$-476.0K
Q3 24
$-41.1M
$-4.6M
Q2 24
$-41.6M
$2.3M
Q1 24
$-50.2M
$-2.7M
Free Cash Flow
IVVD
IVVD
NXPL
NXPL
Q4 25
$-339.0K
Q3 25
Q2 25
$-13.3M
$-1.1M
Q1 25
$-21.3M
$-2.1M
Q4 24
$-37.6M
$-508.0K
Q3 24
$-41.1M
$-4.7M
Q2 24
$2.2M
Q1 24
$-50.4M
$-2.7M
FCF Margin
IVVD
IVVD
NXPL
NXPL
Q4 25
-2.6%
Q3 25
Q2 25
-112.9%
-8.0%
Q1 25
-188.2%
-14.3%
Q4 24
-272.2%
-3.1%
Q3 24
-441.6%
-30.6%
Q2 24
13.2%
Q1 24
-15.7%
Capex Intensity
IVVD
IVVD
NXPL
NXPL
Q4 25
0.0%
0.3%
Q3 25
0.0%
0.0%
Q2 25
0.1%
0.1%
Q1 25
1.3%
0.2%
Q4 24
0.0%
0.2%
Q3 24
0.1%
0.6%
Q2 24
0.0%
0.4%
Q1 24
0.4%

Financial Flow Comparison

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

Revenue Breakdown by Segment

IVVD
IVVD

Segment breakdown not available.

NXPL
NXPL

Healthcare Operations$9.0M70%
Ecommerce Revenue$3.8M30%

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