vs
Side-by-side financial comparison of Invivyd, Inc. (IVVD) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.
Invivyd, Inc. is the larger business by last-quarter revenue ($17.2M vs $9.4M, roughly 1.8× Velo3D, Inc.). Invivyd, Inc. runs the higher net margin — -64.3% vs -231.9%, a 167.6% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs -25.2%).
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.
Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.
IVVD vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.2M | $9.4M |
| Net Profit | $-11.1M | $-21.9M |
| Gross Margin | — | -73.6% |
| Operating Margin | -73.0% | -231.0% |
| Net Margin | -64.3% | -231.9% |
| Revenue YoY | 24.5% | -25.2% |
| Net Profit YoY | 40.0% | -2.9% |
| EPS (diluted) | $0.02 | $-0.87 |
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 | $9.4M | ||
| Q3 25 | $13.1M | $13.6M | ||
| Q2 25 | $11.8M | $13.6M | ||
| Q1 25 | $11.3M | $9.3M | ||
| Q4 24 | $13.8M | $12.6M | ||
| Q3 24 | $9.3M | $8.2M | ||
| Q2 24 | $2.3M | $10.3M | ||
| Q1 24 | $0 | $9.8M |
| Q4 25 | $-11.1M | $-21.9M | ||
| Q3 25 | $-10.5M | $-11.2M | ||
| Q2 25 | $-14.7M | $-13.3M | ||
| Q1 25 | $-16.3M | $-25.0M | ||
| Q4 24 | $-18.4M | $-21.3M | ||
| Q3 24 | $-60.7M | $-21.9M | ||
| Q2 24 | $-47.2M | $935.0K | ||
| Q1 24 | $-43.5M | $-27.5M |
| Q4 25 | — | -73.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | -11.7% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | -28.0% | ||
| Q1 24 | — | -28.8% |
| Q4 25 | -73.0% | -231.0% | ||
| Q3 25 | -84.0% | -73.3% | ||
| Q2 25 | -127.8% | -85.4% | ||
| Q1 25 | -149.7% | -123.6% | ||
| Q4 24 | -139.1% | -167.0% | ||
| Q3 24 | -670.0% | -213.8% | ||
| Q2 24 | -2175.2% | -187.7% | ||
| Q1 24 | — | -211.1% |
| Q4 25 | -64.3% | -231.9% | ||
| Q3 25 | -79.7% | -82.0% | ||
| Q2 25 | -124.4% | -97.7% | ||
| Q1 25 | -144.1% | -268.4% | ||
| Q4 24 | -133.5% | -168.5% | ||
| Q3 24 | -653.1% | -265.3% | ||
| Q2 24 | -2086.9% | 9.0% | ||
| Q1 24 | — | -281.2% |
| Q4 25 | $0.02 | $-0.87 | ||
| Q3 25 | $-0.06 | $-0.65 | ||
| Q2 25 | $-0.12 | $-0.94 | ||
| Q1 25 | $-0.14 | $-1.87 | ||
| Q4 24 | $-0.14 | $7.06 | ||
| Q3 24 | $-0.51 | $-35.52 | ||
| Q2 24 | $-0.40 | $1.65 | ||
| Q1 24 | $-0.38 | $-55.51 |
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 | $39.0M |
| Total DebtLower is stronger | — | $31.0M |
| Stockholders' EquityBook value | $241.5M | $38.2M |
| Total Assets | $276.9M | $105.3M |
| Debt / EquityLower = less leverage | — | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.7M | $39.0M | ||
| Q3 25 | $85.0M | $11.8M | ||
| Q2 25 | $34.9M | $854.0K | ||
| Q1 25 | $48.1M | $3.9M | ||
| Q4 24 | $69.3M | $1.2M | ||
| Q3 24 | $106.9M | $1.6M | ||
| Q2 24 | $147.9M | $3.2M | ||
| Q1 24 | $189.4M | $10.9M |
| Q4 25 | — | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $44.0M |
| Q4 25 | $241.5M | $38.2M | ||
| Q3 25 | $93.1M | $29.9M | ||
| Q2 25 | $42.8M | $21.4M | ||
| Q1 25 | $54.1M | $32.8M | ||
| Q4 24 | $67.5M | $39.7M | ||
| Q3 24 | $83.2M | $34.4M | ||
| Q2 24 | $140.6M | $52.1M | ||
| Q1 24 | $178.5M | $45.5M |
| Q4 25 | $276.9M | $105.3M | ||
| Q3 25 | $139.2M | $93.7M | ||
| Q2 25 | $89.1M | $78.4M | ||
| Q1 25 | $103.7M | $91.3M | ||
| Q4 24 | $129.5M | $89.2M | ||
| Q3 24 | $161.9M | $110.8M | ||
| Q2 24 | $177.3M | $116.7M | ||
| Q1 24 | $215.5M | $136.1M |
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.97× |
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 | $-7.7M |
| Free Cash FlowOCF − Capex | — | $-8.3M |
| FCF MarginFCF / Revenue | — | -88.3% |
| Capex IntensityCapex / Revenue | 0.0% | 6.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.5M | $-7.7M | ||
| Q3 25 | $-8.3M | $-6.0M | ||
| Q2 25 | $-13.3M | $-1.2M | ||
| Q1 25 | $-21.1M | $-12.3M | ||
| Q4 24 | $-37.6M | $-2.2M | ||
| Q3 24 | $-41.1M | $-2.0M | ||
| Q2 24 | $-41.6M | $-8.0M | ||
| Q1 24 | $-50.2M | $-20.5M |
| Q4 25 | — | $-8.3M | ||
| Q3 25 | — | $-6.3M | ||
| Q2 25 | $-13.3M | $-3.0M | ||
| Q1 25 | $-21.3M | — | ||
| Q4 24 | $-37.6M | $-2.2M | ||
| Q3 24 | $-41.1M | $-2.0M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | $-50.4M | $-20.5M |
| Q4 25 | — | -88.3% | ||
| Q3 25 | — | -46.5% | ||
| Q2 25 | -112.9% | -22.2% | ||
| Q1 25 | -188.2% | — | ||
| Q4 24 | -272.2% | -17.7% | ||
| Q3 24 | -441.6% | -24.2% | ||
| Q2 24 | — | -77.1% | ||
| Q1 24 | — | -209.8% |
| Q4 25 | 0.0% | 6.4% | ||
| Q3 25 | 0.0% | 2.3% | ||
| Q2 25 | 0.1% | 13.3% | ||
| Q1 25 | 1.3% | 0.0% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.0% | 0.0% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -8.52× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
