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Side-by-side financial comparison of Invivyd, Inc. (IVVD) and PURE CYCLE CORP (PCYO). Click either name above to swap in a different company.
Invivyd, Inc. is the larger business by last-quarter revenue ($17.2M vs $9.1M, roughly 1.9× PURE CYCLE CORP). PURE CYCLE CORP runs the higher net margin — 50.0% vs -64.3%, a 114.3% gap on every dollar of revenue. On growth, PURE CYCLE CORP posted the faster year-over-year revenue change (58.8% vs 24.5%).
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.
Pure Cycles, is a bicycle company based in Los Angeles, California that was founded by Michael Fishman, Jordan Schau, Zachary Schau and Austin Stoffers in 2010, as Pure Fix Cycles.
IVVD vs PCYO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $17.2M | $9.1M |
| Net Profit | $-11.1M | $4.6M |
| Gross Margin | — | 68.4% |
| Operating Margin | -73.0% | 48.0% |
| Net Margin | -64.3% | 50.0% |
| Revenue YoY | 24.5% | 58.8% |
| Net Profit YoY | 40.0% | 16.0% |
| EPS (diluted) | $0.02 | $0.19 |
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 | $9.1M | ||
| Q3 25 | $13.1M | $11.2M | ||
| Q2 25 | $11.8M | $5.1M | ||
| Q1 25 | $11.3M | $4.0M | ||
| Q4 24 | $13.8M | $5.8M | ||
| Q3 24 | $9.3M | $12.6M | ||
| Q2 24 | $2.3M | $7.6M | ||
| Q1 24 | $0 | $3.2M |
| Q4 25 | $-11.1M | $4.6M | ||
| Q3 25 | $-10.5M | $6.1M | ||
| Q2 25 | $-14.7M | $2.3M | ||
| Q1 25 | $-16.3M | $809.0K | ||
| Q4 24 | $-18.4M | $3.9M | ||
| Q3 24 | $-60.7M | $6.6M | ||
| Q2 24 | $-47.2M | $2.8M | ||
| Q1 24 | $-43.5M | $118.0K |
| Q4 25 | — | 68.4% | ||
| Q3 25 | — | 67.7% | ||
| Q2 25 | — | 63.4% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 63.8% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 64.0% | ||
| Q1 24 | — | 55.6% |
| Q4 25 | -73.0% | 48.0% | ||
| Q3 25 | -84.0% | 53.1% | ||
| Q2 25 | -127.8% | 26.0% | ||
| Q1 25 | -149.7% | -33.2% | ||
| Q4 24 | -139.1% | 29.9% | ||
| Q3 24 | -670.0% | 62.0% | ||
| Q2 24 | -2175.2% | 40.3% | ||
| Q1 24 | — | -11.5% |
| Q4 25 | -64.3% | 50.0% | ||
| Q3 25 | -79.7% | 54.5% | ||
| Q2 25 | -124.4% | 43.9% | ||
| Q1 25 | -144.1% | 20.3% | ||
| Q4 24 | -133.5% | 68.4% | ||
| Q3 24 | -653.1% | 52.6% | ||
| Q2 24 | -2086.9% | 37.2% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | $0.02 | $0.19 | ||
| Q3 25 | $-0.06 | $0.26 | ||
| Q2 25 | $-0.12 | $0.09 | ||
| Q1 25 | $-0.14 | $0.03 | ||
| Q4 24 | $-0.14 | $0.16 | ||
| Q3 24 | $-0.51 | $0.27 | ||
| Q2 24 | $-0.40 | $0.12 | ||
| Q1 24 | $-0.38 | $0.00 |
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 | $17.1M |
| Total DebtLower is stronger | — | $8.0M |
| Stockholders' EquityBook value | $241.5M | $147.5M |
| Total Assets | $276.9M | $168.1M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.7M | $17.1M | ||
| Q3 25 | $85.0M | $21.9M | ||
| Q2 25 | $34.9M | $14.4M | ||
| Q1 25 | $48.1M | $16.5M | ||
| Q4 24 | $69.3M | $19.0M | ||
| Q3 24 | $106.9M | $22.1M | ||
| Q2 24 | $147.9M | $20.5M | ||
| Q1 24 | $189.4M | $20.6M |
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $6.8M | ||
| Q2 25 | — | $6.9M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | — | $6.9M | ||
| Q3 24 | — | $6.9M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $241.5M | $147.5M | ||
| Q3 25 | $93.1M | $142.7M | ||
| Q2 25 | $42.8M | $136.7M | ||
| Q1 25 | $54.1M | $134.4M | ||
| Q4 24 | $67.5M | $133.6M | ||
| Q3 24 | $83.2M | $129.7M | ||
| Q2 24 | $140.6M | $123.2M | ||
| Q1 24 | $178.5M | $120.4M |
| Q4 25 | $276.9M | $168.1M | ||
| Q3 25 | $139.2M | $162.3M | ||
| Q2 25 | $89.1M | $151.7M | ||
| Q1 25 | $103.7M | $149.7M | ||
| Q4 24 | $129.5M | $149.7M | ||
| Q3 24 | $161.9M | $147.4M | ||
| Q2 24 | $177.3M | $140.4M | ||
| Q1 24 | $215.5M | $135.2M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-979.0K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | -0.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.5M | $-979.0K | ||
| Q3 25 | $-8.3M | $9.4M | ||
| Q2 25 | $-13.3M | $-503.0K | ||
| Q1 25 | $-21.1M | $-1.4M | ||
| Q4 24 | $-37.6M | $5.7M | ||
| Q3 24 | $-41.1M | $3.1M | ||
| Q2 24 | $-41.6M | $892.0K | ||
| Q1 24 | $-50.2M | $-457.0K |
| 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 | — | -0.21× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | — | -0.22× | ||
| Q1 25 | — | -1.70× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | -3.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IVVD
Segment breakdown not available.
PCYO
| Construction | $6.5M | 71% |
| Water And Wastewater Resource Development Segment | $2.5M | 27% |
