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Side-by-side financial comparison of Invivyd, Inc. (IVVD) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.
Invivyd, Inc. is the larger business by last-quarter revenue ($17.2M vs $12.2M, roughly 1.4× Village Farms International, Inc.). Village Farms International, Inc. runs the higher net margin — 19.9% vs -64.3%, a 84.2% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% 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.
Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.
IVVD vs VFF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.2M | $12.2M |
| Net Profit | $-11.1M | $2.4M |
| Gross Margin | — | — |
| Operating Margin | -73.0% | — |
| Net Margin | -64.3% | 19.9% |
| Revenue YoY | 24.5% | 31.5% |
| Net Profit YoY | 40.0% | 128.2% |
| EPS (diluted) | $0.02 | $0.01 |
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 | $12.2M | ||
| Q3 25 | $13.1M | $66.7M | ||
| Q2 25 | $11.8M | $59.9M | ||
| Q1 25 | $11.3M | $77.1M | ||
| Q4 24 | $13.8M | — | ||
| Q3 24 | $9.3M | $54.9M | ||
| Q2 24 | $2.3M | $53.6M | ||
| Q1 24 | $0 | $78.1M |
| Q4 25 | $-11.1M | $2.4M | ||
| Q3 25 | $-10.5M | $10.2M | ||
| Q2 25 | $-14.7M | $26.5M | ||
| Q1 25 | $-16.3M | $-6.7M | ||
| Q4 24 | $-18.4M | — | ||
| Q3 24 | $-60.7M | $-820.0K | ||
| Q2 24 | $-47.2M | $-23.5M | ||
| Q1 24 | $-43.5M | $-2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 47.9% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.9% |
| Q4 25 | -73.0% | — | ||
| Q3 25 | -84.0% | 23.3% | ||
| Q2 25 | -127.8% | 20.8% | ||
| Q1 25 | -149.7% | -8.0% | ||
| Q4 24 | -139.1% | — | ||
| Q3 24 | -670.0% | 3.8% | ||
| Q2 24 | -2175.2% | -43.5% | ||
| Q1 24 | — | -3.0% |
| Q4 25 | -64.3% | 19.9% | ||
| Q3 25 | -79.7% | 15.3% | ||
| Q2 25 | -124.4% | 44.2% | ||
| Q1 25 | -144.1% | -8.7% | ||
| Q4 24 | -133.5% | — | ||
| Q3 24 | -653.1% | -1.5% | ||
| Q2 24 | -2086.9% | -43.9% | ||
| Q1 24 | — | -3.7% |
| Q4 25 | $0.02 | $0.01 | ||
| Q3 25 | $-0.06 | $0.08 | ||
| Q2 25 | $-0.12 | $0.24 | ||
| Q1 25 | $-0.14 | $-0.06 | ||
| Q4 24 | $-0.14 | — | ||
| Q3 24 | $-0.51 | $-0.01 | ||
| Q2 24 | $-0.40 | $-0.21 | ||
| Q1 24 | $-0.38 | $-0.03 |
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 | $81.2M |
| Total DebtLower is stronger | — | $33.7M |
| Stockholders' EquityBook value | $241.5M | $299.9M |
| Total Assets | $276.9M | $423.1M |
| Debt / EquityLower = less leverage | — | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.7M | $81.2M | ||
| Q3 25 | $85.0M | $82.6M | ||
| Q2 25 | $34.9M | $60.0M | ||
| Q1 25 | $48.1M | $15.1M | ||
| Q4 24 | $69.3M | — | ||
| Q3 24 | $106.9M | $28.7M | ||
| Q2 24 | $147.9M | $29.7M | ||
| Q1 24 | $189.4M | $26.7M |
| Q4 25 | — | $33.7M | ||
| Q3 25 | — | $34.6M | ||
| Q2 25 | — | $39.1M | ||
| Q1 25 | — | $39.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $44.4M | ||
| Q1 24 | — | $46.1M |
| Q4 25 | $241.5M | $299.9M | ||
| Q3 25 | $93.1M | $295.4M | ||
| Q2 25 | $42.8M | $284.3M | ||
| Q1 25 | $54.1M | $248.3M | ||
| Q4 24 | $67.5M | — | ||
| Q3 24 | $83.2M | $274.4M | ||
| Q2 24 | $140.6M | $275.2M | ||
| Q1 24 | $178.5M | $296.2M |
| Q4 25 | $276.9M | $423.1M | ||
| Q3 25 | $139.2M | $418.4M | ||
| Q2 25 | $89.1M | $403.7M | ||
| Q1 25 | $103.7M | $377.1M | ||
| Q4 24 | $129.5M | — | ||
| Q3 24 | $161.9M | $417.8M | ||
| Q2 24 | $177.3M | $425.4M | ||
| Q1 24 | $215.5M | $458.4M |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | 90.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.5M | — | ||
| Q3 25 | $-8.3M | $24.4M | ||
| Q2 25 | $-13.3M | — | ||
| Q1 25 | $-21.1M | $-6.4M | ||
| Q4 24 | $-37.6M | — | ||
| Q3 24 | $-41.1M | $4.3M | ||
| Q2 24 | $-41.6M | $5.7M | ||
| Q1 24 | $-50.2M | $-50.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | $22.6M | ||
| Q2 25 | $-13.3M | — | ||
| Q1 25 | $-21.3M | $-8.9M | ||
| Q4 24 | $-37.6M | — | ||
| Q3 24 | $-41.1M | $1.5M | ||
| Q2 24 | — | $4.8M | ||
| Q1 24 | $-50.4M | $-1.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 33.9% | ||
| Q2 25 | -112.9% | — | ||
| Q1 25 | -188.2% | -11.6% | ||
| Q4 24 | -272.2% | — | ||
| Q3 24 | -441.6% | 2.7% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | -2.5% |
| Q4 25 | 0.0% | 90.8% | ||
| Q3 25 | 0.0% | 2.7% | ||
| Q2 25 | 0.1% | 4.6% | ||
| Q1 25 | 1.3% | 3.3% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | 5.1% | ||
| Q2 24 | 0.0% | 1.6% | ||
| Q1 24 | — | 2.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IVVD
Segment breakdown not available.
VFF
| International Sales | $8.7M | 71% |
| Cannabis United States Segment | $3.4M | 27% |
