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

Simulations Plus, Inc. is the larger business by last-quarter revenue ($18.4M vs $17.2M, roughly 1.1× Invivyd, Inc.). Simulations Plus, Inc. runs the higher net margin — 3.7% vs -64.3%, a 68.0% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs -2.7%).

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.

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

IVVD vs SLP — Head-to-Head

Bigger by revenue
SLP
SLP
1.1× larger
SLP
$18.4M
$17.2M
IVVD
Growing faster (revenue YoY)
IVVD
IVVD
+27.2% gap
IVVD
24.5%
-2.7%
SLP
Higher net margin
SLP
SLP
68.0% more per $
SLP
3.7%
-64.3%
IVVD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IVVD
IVVD
SLP
SLP
Revenue
$17.2M
$18.4M
Net Profit
$-11.1M
$676.0K
Gross Margin
59.1%
Operating Margin
-73.0%
3.9%
Net Margin
-64.3%
3.7%
Revenue YoY
24.5%
-2.7%
Net Profit YoY
40.0%
228.2%
EPS (diluted)
$0.02
$0.03

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
SLP
SLP
Q4 25
$17.2M
$18.4M
Q3 25
$13.1M
$17.5M
Q2 25
$11.8M
$20.4M
Q1 25
$11.3M
$22.4M
Q4 24
$13.8M
$18.9M
Q3 24
$9.3M
$18.7M
Q2 24
$2.3M
$18.5M
Q1 24
$0
$18.3M
Net Profit
IVVD
IVVD
SLP
SLP
Q4 25
$-11.1M
$676.0K
Q3 25
$-10.5M
$-681.0K
Q2 25
$-14.7M
$-67.3M
Q1 25
$-16.3M
$3.1M
Q4 24
$-18.4M
$206.0K
Q3 24
$-60.7M
$843.0K
Q2 24
$-47.2M
$3.1M
Q1 24
$-43.5M
$4.0M
Gross Margin
IVVD
IVVD
SLP
SLP
Q4 25
59.1%
Q3 25
56.4%
Q2 25
64.0%
Q1 25
58.5%
Q4 24
54.0%
Q3 24
36.6%
Q2 24
71.5%
Q1 24
72.2%
Operating Margin
IVVD
IVVD
SLP
SLP
Q4 25
-73.0%
3.9%
Q3 25
-84.0%
3.8%
Q2 25
-127.8%
-364.5%
Q1 25
-149.7%
12.1%
Q4 24
-139.1%
0.7%
Q3 24
-670.0%
-6.2%
Q2 24
-2175.2%
10.1%
Q1 24
24.3%
Net Margin
IVVD
IVVD
SLP
SLP
Q4 25
-64.3%
3.7%
Q3 25
-79.7%
-3.9%
Q2 25
-124.4%
-330.6%
Q1 25
-144.1%
13.7%
Q4 24
-133.5%
1.1%
Q3 24
-653.1%
4.5%
Q2 24
-2086.9%
16.9%
Q1 24
22.0%
EPS (diluted)
IVVD
IVVD
SLP
SLP
Q4 25
$0.02
$0.03
Q3 25
$-0.06
$-0.03
Q2 25
$-0.12
$-3.35
Q1 25
$-0.14
$0.15
Q4 24
$-0.14
$0.01
Q3 24
$-0.51
$0.04
Q2 24
$-0.40
$0.15
Q1 24
$-0.38
$0.20

Balance Sheet & Financial Strength

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

Metric
IVVD
IVVD
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$226.7M
$35.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$241.5M
$127.1M
Total Assets
$276.9M
$137.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVVD
IVVD
SLP
SLP
Q4 25
$226.7M
$35.7M
Q3 25
$85.0M
$32.4M
Q2 25
$34.9M
$28.4M
Q1 25
$48.1M
$21.4M
Q4 24
$69.3M
$18.2M
Q3 24
$106.9M
$20.3M
Q2 24
$147.9M
$119.0M
Q1 24
$189.4M
$108.5M
Stockholders' Equity
IVVD
IVVD
SLP
SLP
Q4 25
$241.5M
$127.1M
Q3 25
$93.1M
$124.8M
Q2 25
$42.8M
$123.8M
Q1 25
$54.1M
$189.5M
Q4 24
$67.5M
$184.7M
Q3 24
$83.2M
$182.4M
Q2 24
$140.6M
$180.9M
Q1 24
$178.5M
$177.0M
Total Assets
IVVD
IVVD
SLP
SLP
Q4 25
$276.9M
$137.8M
Q3 25
$139.2M
$131.9M
Q2 25
$89.1M
$134.4M
Q1 25
$103.7M
$201.4M
Q4 24
$129.5M
$196.9M
Q3 24
$161.9M
$196.6M
Q2 24
$177.3M
$192.7M
Q1 24
$215.5M
$194.0M

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
SLP
SLP
Operating Cash FlowLast quarter
$-15.5M
$4.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
6.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVVD
IVVD
SLP
SLP
Q4 25
$-15.5M
$4.2M
Q3 25
$-8.3M
$5.6M
Q2 25
$-13.3M
$8.1M
Q1 25
$-21.1M
$5.7M
Q4 24
$-37.6M
$-1.3M
Q3 24
$-41.1M
$1.7M
Q2 24
$-41.6M
$5.7M
Q1 24
$-50.2M
$5.8M
Free Cash Flow
IVVD
IVVD
SLP
SLP
Q4 25
Q3 25
$5.3M
Q2 25
$-13.3M
$7.8M
Q1 25
$-21.3M
$5.6M
Q4 24
$-37.6M
$-1.4M
Q3 24
$-41.1M
$1.6M
Q2 24
$5.6M
Q1 24
$-50.4M
$5.4M
FCF Margin
IVVD
IVVD
SLP
SLP
Q4 25
Q3 25
30.5%
Q2 25
-112.9%
38.5%
Q1 25
-188.2%
25.0%
Q4 24
-272.2%
-7.2%
Q3 24
-441.6%
8.8%
Q2 24
30.0%
Q1 24
29.4%
Capex Intensity
IVVD
IVVD
SLP
SLP
Q4 25
0.0%
0.0%
Q3 25
0.0%
1.5%
Q2 25
0.1%
1.5%
Q1 25
1.3%
0.3%
Q4 24
0.0%
0.5%
Q3 24
0.1%
0.1%
Q2 24
0.0%
0.6%
Q1 24
2.4%
Cash Conversion
IVVD
IVVD
SLP
SLP
Q4 25
6.26×
Q3 25
Q2 25
Q1 25
1.84×
Q4 24
-6.18×
Q3 24
1.97×
Q2 24
1.81×
Q1 24
1.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IVVD
IVVD

Segment breakdown not available.

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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