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Side-by-side financial comparison of Invivyd, Inc. (IVVD) and Alpine Income Property Trust, Inc. (PINE). Click either name above to swap in a different company.

Alpine Income Property Trust, Inc. is the larger business by last-quarter revenue ($18.4M vs $17.2M, roughly 1.1× Invivyd, Inc.). Alpine Income Property Trust, Inc. runs the higher net margin — 11.9% vs -64.3%, a 76.2% gap on every dollar of revenue. On growth, Alpine Income Property Trust, Inc. posted the faster year-over-year revenue change (29.6% 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.

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.

IVVD vs PINE — Head-to-Head

Bigger by revenue
PINE
PINE
1.1× larger
PINE
$18.4M
$17.2M
IVVD
Growing faster (revenue YoY)
PINE
PINE
+5.1% gap
PINE
29.6%
24.5%
IVVD
Higher net margin
PINE
PINE
76.2% more per $
PINE
11.9%
-64.3%
IVVD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IVVD
IVVD
PINE
PINE
Revenue
$17.2M
$18.4M
Net Profit
$-11.1M
$2.2M
Gross Margin
Operating Margin
-73.0%
35.4%
Net Margin
-64.3%
11.9%
Revenue YoY
24.5%
29.6%
Net Profit YoY
40.0%
285.3%
EPS (diluted)
$0.02
$0.06

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
PINE
PINE
Q1 26
$18.4M
Q4 25
$17.2M
$16.9M
Q3 25
$13.1M
$14.6M
Q2 25
$11.8M
$14.9M
Q1 25
$11.3M
$14.2M
Q4 24
$13.8M
$13.8M
Q3 24
$9.3M
$13.5M
Q2 24
$2.3M
$12.5M
Net Profit
IVVD
IVVD
PINE
PINE
Q1 26
$2.2M
Q4 25
$-11.1M
$1.5M
Q3 25
$-10.5M
$-1.3M
Q2 25
$-14.7M
$-1.6M
Q1 25
$-16.3M
$-1.2M
Q4 24
$-18.4M
$-958.0K
Q3 24
$-60.7M
$3.1M
Q2 24
$-47.2M
$204.0K
Operating Margin
IVVD
IVVD
PINE
PINE
Q1 26
35.4%
Q4 25
-73.0%
35.3%
Q3 25
-84.0%
16.6%
Q2 25
-127.8%
16.8%
Q1 25
-149.7%
16.0%
Q4 24
-139.1%
14.3%
Q3 24
-670.0%
47.9%
Q2 24
-2175.2%
24.0%
Net Margin
IVVD
IVVD
PINE
PINE
Q1 26
11.9%
Q4 25
-64.3%
8.7%
Q3 25
-79.7%
-9.0%
Q2 25
-124.4%
-11.0%
Q1 25
-144.1%
-8.3%
Q4 24
-133.5%
-6.9%
Q3 24
-653.1%
22.8%
Q2 24
-2086.9%
1.6%
EPS (diluted)
IVVD
IVVD
PINE
PINE
Q1 26
$0.06
Q4 25
$0.02
$0.07
Q3 25
$-0.06
$-0.09
Q2 25
$-0.12
$-0.12
Q1 25
$-0.14
$-0.08
Q4 24
$-0.14
$-0.06
Q3 24
$-0.51
$0.21
Q2 24
$-0.40
$0.01

Balance Sheet & Financial Strength

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

Metric
IVVD
IVVD
PINE
PINE
Cash + ST InvestmentsLiquidity on hand
$226.7M
$2.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$241.5M
$312.5M
Total Assets
$276.9M
$745.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVVD
IVVD
PINE
PINE
Q1 26
$2.6M
Q4 25
$226.7M
$4.6M
Q3 25
$85.0M
$1.2M
Q2 25
$34.9M
$5.0M
Q1 25
$48.1M
$6.1M
Q4 24
$69.3M
$1.6M
Q3 24
$106.9M
$2.6M
Q2 24
$147.9M
$3.3M
Total Debt
IVVD
IVVD
PINE
PINE
Q1 26
Q4 25
$377.7M
Q3 25
$358.2M
Q2 25
$352.6M
Q1 25
$356.5M
Q4 24
$301.5M
Q3 24
$278.9M
Q2 24
$268.3M
Stockholders' Equity
IVVD
IVVD
PINE
PINE
Q1 26
$312.5M
Q4 25
$241.5M
$279.9M
Q3 25
$93.1M
$223.5M
Q2 25
$42.8M
$229.8M
Q1 25
$54.1M
$240.9M
Q4 24
$67.5M
$253.0M
Q3 24
$83.2M
$248.2M
Q2 24
$140.6M
$244.0M
Total Assets
IVVD
IVVD
PINE
PINE
Q1 26
$745.1M
Q4 25
$276.9M
$715.9M
Q3 25
$139.2M
$621.4M
Q2 25
$89.1M
$628.4M
Q1 25
$103.7M
$647.4M
Q4 24
$129.5M
$605.0M
Q3 24
$161.9M
$579.0M
Q2 24
$177.3M
$565.8M
Debt / Equity
IVVD
IVVD
PINE
PINE
Q1 26
Q4 25
1.35×
Q3 25
1.60×
Q2 25
1.53×
Q1 25
1.48×
Q4 24
1.19×
Q3 24
1.12×
Q2 24
1.10×

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
PINE
PINE
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
PINE
PINE
Q1 26
Q4 25
$-15.5M
$25.8M
Q3 25
$-8.3M
$8.7M
Q2 25
$-13.3M
$9.1M
Q1 25
$-21.1M
$5.8M
Q4 24
$-37.6M
$23.4M
Q3 24
$-41.1M
$6.2M
Q2 24
$-41.6M
$8.0M
Free Cash Flow
IVVD
IVVD
PINE
PINE
Q1 26
Q4 25
$-87.8M
Q3 25
$-48.8M
Q2 25
$-13.3M
$-3.0M
Q1 25
$-21.3M
$-55.5M
Q4 24
$-37.6M
$-33.4M
Q3 24
$-41.1M
$-43.0M
Q2 24
$-13.5M
FCF Margin
IVVD
IVVD
PINE
PINE
Q1 26
Q4 25
-519.4%
Q3 25
-334.9%
Q2 25
-112.9%
-20.0%
Q1 25
-188.2%
-391.0%
Q4 24
-272.2%
-242.4%
Q3 24
-441.6%
-319.3%
Q2 24
-108.0%
Capex Intensity
IVVD
IVVD
PINE
PINE
Q1 26
Q4 25
0.0%
671.8%
Q3 25
0.0%
394.8%
Q2 25
0.1%
81.2%
Q1 25
1.3%
432.0%
Q4 24
0.0%
412.3%
Q3 24
0.1%
365.4%
Q2 24
0.0%
172.3%
Cash Conversion
IVVD
IVVD
PINE
PINE
Q1 26
Q4 25
17.48×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.02×
Q2 24
39.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IVVD
IVVD

Segment breakdown not available.

PINE
PINE

Lease Income$12.6M68%
Other$5.8M31%
Other Revenue$46.0K0%

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