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Side-by-side financial comparison of Invivyd, Inc. (IVVD) and WESTPORT FUEL SYSTEMS INC. (WPRT). 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× WESTPORT FUEL SYSTEMS INC.). Invivyd, Inc. runs the higher net margin — -64.3% vs -274.8%, a 210.5% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs -11.4%).

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.

Westport Innovations is a company that develops alternative fuel, low-emissions technologies to allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen and biofuels such as landfill gas. Headquartered in Vancouver, British Columbia, Canada, where the company was founded, Westport also has facilities in France, Sweden, Italy, China, Australia and the United States.

IVVD vs WPRT — Head-to-Head

Bigger by revenue
IVVD
IVVD
1.4× larger
IVVD
$17.2M
$12.5M
WPRT
Growing faster (revenue YoY)
IVVD
IVVD
+35.9% gap
IVVD
24.5%
-11.4%
WPRT
Higher net margin
IVVD
IVVD
210.5% more per $
IVVD
-64.3%
-274.8%
WPRT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
IVVD
IVVD
WPRT
WPRT
Revenue
$17.2M
$12.5M
Net Profit
$-11.1M
$-34.3M
Gross Margin
6.7%
Operating Margin
-73.0%
-8.1%
Net Margin
-64.3%
-274.8%
Revenue YoY
24.5%
-11.4%
Net Profit YoY
40.0%
-690.4%
EPS (diluted)
$0.02
$-1.98

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
WPRT
WPRT
Q4 25
$17.2M
Q3 25
$13.1M
Q2 25
$11.8M
$12.5M
Q1 25
$11.3M
Q4 24
$13.8M
Q3 24
$9.3M
$4.9M
Q2 24
$2.3M
$14.1M
Q1 24
$0
Net Profit
IVVD
IVVD
WPRT
WPRT
Q4 25
$-11.1M
Q3 25
$-10.5M
Q2 25
$-14.7M
$-34.3M
Q1 25
$-16.3M
Q4 24
$-18.4M
Q3 24
$-60.7M
$-3.9M
Q2 24
$-47.2M
$5.8M
Q1 24
$-43.5M
Gross Margin
IVVD
IVVD
WPRT
WPRT
Q4 25
Q3 25
Q2 25
6.7%
Q1 25
Q4 24
Q3 24
13.6%
Q2 24
16.7%
Q1 24
Operating Margin
IVVD
IVVD
WPRT
WPRT
Q4 25
-73.0%
Q3 25
-84.0%
Q2 25
-127.8%
-8.1%
Q1 25
-149.7%
Q4 24
-139.1%
Q3 24
-670.0%
-43.9%
Q2 24
-2175.2%
-54.9%
Q1 24
Net Margin
IVVD
IVVD
WPRT
WPRT
Q4 25
-64.3%
Q3 25
-79.7%
Q2 25
-124.4%
-274.8%
Q1 25
-144.1%
Q4 24
-133.5%
Q3 24
-653.1%
-79.3%
Q2 24
-2086.9%
41.2%
Q1 24
EPS (diluted)
IVVD
IVVD
WPRT
WPRT
Q4 25
$0.02
Q3 25
$-0.06
Q2 25
$-0.12
$-1.98
Q1 25
$-0.14
Q4 24
$-0.14
Q3 24
$-0.51
$-0.22
Q2 24
$-0.40
$0.34
Q1 24
$-0.38

Balance Sheet & Financial Strength

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

Metric
IVVD
IVVD
WPRT
WPRT
Cash + ST InvestmentsLiquidity on hand
$226.7M
$6.1M
Total DebtLower is stronger
$977.0K
Stockholders' EquityBook value
$241.5M
$108.9M
Total Assets
$276.9M
$272.1M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVVD
IVVD
WPRT
WPRT
Q4 25
$226.7M
Q3 25
$85.0M
Q2 25
$34.9M
$6.1M
Q1 25
$48.1M
Q4 24
$69.3M
Q3 24
$106.9M
Q2 24
$147.9M
Q1 24
$189.4M
Total Debt
IVVD
IVVD
WPRT
WPRT
Q4 25
Q3 25
Q2 25
$977.0K
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IVVD
IVVD
WPRT
WPRT
Q4 25
$241.5M
Q3 25
$93.1M
Q2 25
$42.8M
$108.9M
Q1 25
$54.1M
Q4 24
$67.5M
Q3 24
$83.2M
$149.3M
Q2 24
$140.6M
$151.5M
Q1 24
$178.5M
Total Assets
IVVD
IVVD
WPRT
WPRT
Q4 25
$276.9M
Q3 25
$139.2M
Q2 25
$89.1M
$272.1M
Q1 25
$103.7M
Q4 24
$129.5M
Q3 24
$161.9M
Q2 24
$177.3M
Q1 24
$215.5M
Debt / Equity
IVVD
IVVD
WPRT
WPRT
Q4 25
Q3 25
Q2 25
0.01×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
WPRT
WPRT
Operating Cash FlowLast quarter
$-15.5M
$-5.6M
Free Cash FlowOCF − Capex
$-6.4M
FCF MarginFCF / Revenue
-51.6%
Capex IntensityCapex / Revenue
0.0%
6.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVVD
IVVD
WPRT
WPRT
Q4 25
$-15.5M
Q3 25
$-8.3M
Q2 25
$-13.3M
$-5.6M
Q1 25
$-21.1M
Q4 24
$-37.6M
Q3 24
$-41.1M
$-11.7M
Q2 24
$-41.6M
$1.5M
Q1 24
$-50.2M
Free Cash Flow
IVVD
IVVD
WPRT
WPRT
Q4 25
Q3 25
Q2 25
$-13.3M
$-6.4M
Q1 25
$-21.3M
Q4 24
$-37.6M
Q3 24
$-41.1M
$-11.9M
Q2 24
$262.0K
Q1 24
$-50.4M
FCF Margin
IVVD
IVVD
WPRT
WPRT
Q4 25
Q3 25
Q2 25
-112.9%
-51.6%
Q1 25
-188.2%
Q4 24
-272.2%
Q3 24
-441.6%
-243.4%
Q2 24
1.9%
Q1 24
Capex Intensity
IVVD
IVVD
WPRT
WPRT
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
6.6%
Q1 25
1.3%
Q4 24
0.0%
Q3 24
0.1%
3.8%
Q2 24
0.0%
8.9%
Q1 24
Cash Conversion
IVVD
IVVD
WPRT
WPRT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.26×
Q1 24

Financial Flow Comparison

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

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