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Side-by-side financial comparison of Invivyd, Inc. (IVVD) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Invivyd, Inc. is the larger business by last-quarter revenue ($17.2M vs $15.8M, roughly 1.1× Spire Global, Inc.). Invivyd, Inc. runs the higher net margin — -64.3% vs -176.6%, a 112.3% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs -26.9%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
IVVD vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.2M | $15.8M |
| Net Profit | $-11.1M | $-28.0M |
| Gross Margin | — | 40.2% |
| Operating Margin | -73.0% | -164.1% |
| Net Margin | -64.3% | -176.6% |
| Revenue YoY | 24.5% | -26.9% |
| Net Profit YoY | 40.0% | 42.7% |
| EPS (diluted) | $0.02 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $13.1M | $12.7M | ||
| Q2 25 | $11.8M | $19.2M | ||
| Q1 25 | $11.3M | $23.9M | ||
| Q4 24 | $13.8M | $21.7M | ||
| Q3 24 | $9.3M | $28.6M | ||
| Q2 24 | $2.3M | $25.4M | ||
| Q1 24 | $0 | $34.8M |
| Q4 25 | $-11.1M | $-28.0M | ||
| Q3 25 | $-10.5M | $-19.7M | ||
| Q2 25 | $-14.7M | $119.6M | ||
| Q1 25 | $-16.3M | $-20.7M | ||
| Q4 24 | $-18.4M | $-48.8M | ||
| Q3 24 | $-60.7M | $-12.5M | ||
| Q2 24 | $-47.2M | $-16.6M | ||
| Q1 24 | $-43.5M | $-25.5M |
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
| Q4 25 | -73.0% | -164.1% | ||
| Q3 25 | -84.0% | -166.1% | ||
| Q2 25 | -127.8% | -122.7% | ||
| Q1 25 | -149.7% | -106.5% | ||
| Q4 24 | -139.1% | -144.1% | ||
| Q3 24 | -670.0% | -48.0% | ||
| Q2 24 | -2175.2% | -48.6% | ||
| Q1 24 | — | -34.4% |
| Q4 25 | -64.3% | -176.6% | ||
| Q3 25 | -79.7% | -155.3% | ||
| Q2 25 | -124.4% | 623.4% | ||
| Q1 25 | -144.1% | -86.5% | ||
| Q4 24 | -133.5% | -225.2% | ||
| Q3 24 | -653.1% | -43.7% | ||
| Q2 24 | -2086.9% | -65.2% | ||
| Q1 24 | — | -73.3% |
| Q4 25 | $0.02 | $-0.85 | ||
| Q3 25 | $-0.06 | $-0.61 | ||
| Q2 25 | $-0.12 | $3.72 | ||
| Q1 25 | $-0.14 | $-0.77 | ||
| Q4 24 | $-0.14 | $-1.93 | ||
| Q3 24 | $-0.51 | $-0.50 | ||
| Q2 24 | $-0.40 | $-0.68 | ||
| Q1 24 | $-0.38 | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $241.5M | $112.9M |
| Total Assets | $276.9M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.7M | $81.8M | ||
| Q3 25 | $85.0M | $96.8M | ||
| Q2 25 | $34.9M | $117.6M | ||
| Q1 25 | $48.1M | $35.9M | ||
| Q4 24 | $69.3M | $19.2M | ||
| Q3 24 | $106.9M | $36.6M | ||
| Q2 24 | $147.9M | $45.8M | ||
| Q1 24 | $189.4M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $241.5M | $112.9M | ||
| Q3 25 | $93.1M | $133.1M | ||
| Q2 25 | $42.8M | $149.2M | ||
| Q1 25 | $54.1M | $3.7M | ||
| Q4 24 | $67.5M | $-11.7M | ||
| Q3 24 | $83.2M | $30.8M | ||
| Q2 24 | $140.6M | $40.3M | ||
| Q1 24 | $178.5M | $52.5M |
| Q4 25 | $276.9M | $211.0M | ||
| Q3 25 | $139.2M | $224.3M | ||
| Q2 25 | $89.1M | $239.5M | ||
| Q1 25 | $103.7M | $208.8M | ||
| Q4 24 | $129.5M | $193.6M | ||
| Q3 24 | $161.9M | $224.2M | ||
| Q2 24 | $177.3M | $230.8M | ||
| Q1 24 | $215.5M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | — | $-16.2M |
| FCF MarginFCF / Revenue | — | -102.1% |
| Capex IntensityCapex / Revenue | 0.0% | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.5M | $-4.3M | ||
| Q3 25 | $-8.3M | $-12.0M | ||
| Q2 25 | $-13.3M | $-35.1M | ||
| Q1 25 | $-21.1M | $-8.4M | ||
| Q4 24 | $-37.6M | $-19.2M | ||
| Q3 24 | $-41.1M | $14.0M | ||
| Q2 24 | $-41.6M | $-4.4M | ||
| Q1 24 | $-50.2M | $-8.8M |
| Q4 25 | — | $-16.2M | ||
| Q3 25 | — | $-20.4M | ||
| Q2 25 | $-13.3M | $-38.7M | ||
| Q1 25 | $-21.3M | $-17.3M | ||
| Q4 24 | $-37.6M | $-24.3M | ||
| Q3 24 | $-41.1M | $5.1M | ||
| Q2 24 | — | $-9.9M | ||
| Q1 24 | $-50.4M | $-15.9M |
| Q4 25 | — | -102.1% | ||
| Q3 25 | — | -161.3% | ||
| Q2 25 | -112.9% | -201.7% | ||
| Q1 25 | -188.2% | -72.6% | ||
| Q4 24 | -272.2% | -112.2% | ||
| Q3 24 | -441.6% | 17.8% | ||
| Q2 24 | — | -39.0% | ||
| Q1 24 | — | -45.7% |
| Q4 25 | 0.0% | 75.1% | ||
| Q3 25 | 0.0% | 66.2% | ||
| Q2 25 | 0.1% | 18.8% | ||
| Q1 25 | 1.3% | 37.3% | ||
| Q4 24 | 0.0% | 23.5% | ||
| Q3 24 | 0.1% | 31.2% | ||
| Q2 24 | 0.0% | 21.8% | ||
| Q1 24 | — | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
