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

Invivyd, Inc. is the larger business by last-quarter revenue ($17.2M vs $12.5M, roughly 1.4× SOLESENCE, INC.). SOLESENCE, INC. runs the higher net margin — 1.3% vs -64.3%, a 65.6% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs -0.7%).

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.

IVVD vs SLSN — Head-to-Head

Bigger by revenue
IVVD
IVVD
1.4× larger
IVVD
$17.2M
$12.5M
SLSN
Growing faster (revenue YoY)
IVVD
IVVD
+25.2% gap
IVVD
24.5%
-0.7%
SLSN
Higher net margin
SLSN
SLSN
65.6% more per $
SLSN
1.3%
-64.3%
IVVD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IVVD
IVVD
SLSN
SLSN
Revenue
$17.2M
$12.5M
Net Profit
$-11.1M
$163.0K
Gross Margin
27.5%
Operating Margin
-73.0%
1.5%
Net Margin
-64.3%
1.3%
Revenue YoY
24.5%
-0.7%
Net Profit YoY
40.0%
129.2%
EPS (diluted)
$0.02
$0.00

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
SLSN
SLSN
Q4 25
$17.2M
$12.5M
Q3 25
$13.1M
$14.6M
Q2 25
$11.8M
$20.4M
Q1 25
$11.3M
$14.6M
Q4 24
$13.8M
$12.6M
Q3 24
$9.3M
$16.9M
Q2 24
$2.3M
$13.0M
Q1 24
$0
$9.9M
Net Profit
IVVD
IVVD
SLSN
SLSN
Q4 25
$-11.1M
$163.0K
Q3 25
$-10.5M
$-1.1M
Q2 25
$-14.7M
$2.7M
Q1 25
$-16.3M
$80.0K
Q4 24
$-18.4M
$-559.0K
Q3 24
$-60.7M
$3.0M
Q2 24
$-47.2M
$856.0K
Q1 24
$-43.5M
$893.0K
Gross Margin
IVVD
IVVD
SLSN
SLSN
Q4 25
27.5%
Q3 25
23.1%
Q2 25
28.9%
Q1 25
23.1%
Q4 24
22.0%
Q3 24
36.2%
Q2 24
28.7%
Q1 24
36.3%
Operating Margin
IVVD
IVVD
SLSN
SLSN
Q4 25
-73.0%
1.5%
Q3 25
-84.0%
-5.4%
Q2 25
-127.8%
9.4%
Q1 25
-149.7%
1.8%
Q4 24
-139.1%
-1.8%
Q3 24
-670.0%
19.0%
Q2 24
-2175.2%
8.0%
Q1 24
11.3%
Net Margin
IVVD
IVVD
SLSN
SLSN
Q4 25
-64.3%
1.3%
Q3 25
-79.7%
-7.7%
Q2 25
-124.4%
13.1%
Q1 25
-144.1%
0.5%
Q4 24
-133.5%
-4.4%
Q3 24
-653.1%
18.1%
Q2 24
-2086.9%
6.6%
Q1 24
9.0%
EPS (diluted)
IVVD
IVVD
SLSN
SLSN
Q4 25
$0.02
$0.00
Q3 25
$-0.06
$-0.02
Q2 25
$-0.12
$0.04
Q1 25
$-0.14
$0.00
Q4 24
$-0.14
$0.00
Q3 24
$-0.51
$0.04
Q2 24
$-0.40
$0.01
Q1 24
$-0.38
$0.02

Balance Sheet & Financial Strength

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

Metric
IVVD
IVVD
SLSN
SLSN
Cash + ST InvestmentsLiquidity on hand
$226.7M
$1.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$241.5M
$17.6M
Total Assets
$276.9M
$50.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVVD
IVVD
SLSN
SLSN
Q4 25
$226.7M
$1.3M
Q3 25
$85.0M
$429.0K
Q2 25
$34.9M
$4.1M
Q1 25
$48.1M
$1.8M
Q4 24
$69.3M
$1.4M
Q3 24
$106.9M
$2.9M
Q2 24
$147.9M
$2.4M
Q1 24
$189.4M
$2.0M
Stockholders' Equity
IVVD
IVVD
SLSN
SLSN
Q4 25
$241.5M
$17.6M
Q3 25
$93.1M
$17.2M
Q2 25
$42.8M
$18.2M
Q1 25
$54.1M
$15.2M
Q4 24
$67.5M
$14.9M
Q3 24
$83.2M
$15.2M
Q2 24
$140.6M
$11.9M
Q1 24
$178.5M
$5.0M
Total Assets
IVVD
IVVD
SLSN
SLSN
Q4 25
$276.9M
$50.1M
Q3 25
$139.2M
$54.0M
Q2 25
$89.1M
$60.0M
Q1 25
$103.7M
$57.0M
Q4 24
$129.5M
$50.0M
Q3 24
$161.9M
$48.0M
Q2 24
$177.3M
$40.8M
Q1 24
$215.5M
$38.5M

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
SLSN
SLSN
Operating Cash FlowLast quarter
$-15.5M
$1.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
11.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVVD
IVVD
SLSN
SLSN
Q4 25
$-15.5M
$1.8M
Q3 25
$-8.3M
$-2.5M
Q2 25
$-13.3M
$-654.0K
Q1 25
$-21.1M
$-7.2M
Q4 24
$-37.6M
$2.2M
Q3 24
$-41.1M
$4.2M
Q2 24
$-41.6M
$-565.0K
Q1 24
$-50.2M
$-3.9M
Free Cash Flow
IVVD
IVVD
SLSN
SLSN
Q4 25
Q3 25
Q2 25
$-13.3M
Q1 25
$-21.3M
Q4 24
$-37.6M
$-404.0K
Q3 24
$-41.1M
$2.8M
Q2 24
$-1.0M
Q1 24
$-50.4M
$-3.9M
FCF Margin
IVVD
IVVD
SLSN
SLSN
Q4 25
Q3 25
Q2 25
-112.9%
Q1 25
-188.2%
Q4 24
-272.2%
-3.2%
Q3 24
-441.6%
16.6%
Q2 24
-8.0%
Q1 24
-39.9%
Capex Intensity
IVVD
IVVD
SLSN
SLSN
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
1.3%
Q4 24
0.0%
20.6%
Q3 24
0.1%
8.3%
Q2 24
0.0%
3.7%
Q1 24
0.9%
Cash Conversion
IVVD
IVVD
SLSN
SLSN
Q4 25
11.16×
Q3 25
Q2 25
-0.25×
Q1 25
-90.26×
Q4 24
Q3 24
1.38×
Q2 24
-0.66×
Q1 24
-4.32×

Financial Flow Comparison

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

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