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

WEST BANCORPORATION INC is the larger business by last-quarter revenue ($26.9M vs $17.2M, roughly 1.6× Invivyd, Inc.). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -64.3%, a 103.6% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs 16.6%).

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.

West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.

IVVD vs WTBA — Head-to-Head

Bigger by revenue
WTBA
WTBA
1.6× larger
WTBA
$26.9M
$17.2M
IVVD
Growing faster (revenue YoY)
IVVD
IVVD
+7.9% gap
IVVD
24.5%
16.6%
WTBA
Higher net margin
WTBA
WTBA
103.6% more per $
WTBA
39.2%
-64.3%
IVVD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IVVD
IVVD
WTBA
WTBA
Revenue
$17.2M
$26.9M
Net Profit
$-11.1M
$10.6M
Gross Margin
Operating Margin
-73.0%
50.0%
Net Margin
-64.3%
39.2%
Revenue YoY
24.5%
16.6%
Net Profit YoY
40.0%
34.8%
EPS (diluted)
$0.02
$0.61

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
WTBA
WTBA
Q1 26
$26.9M
Q4 25
$17.2M
$24.2M
Q3 25
$13.1M
$25.0M
Q2 25
$11.8M
$23.8M
Q1 25
$11.3M
$23.1M
Q4 24
$13.8M
$20.9M
Q3 24
$9.3M
$20.3M
Q2 24
$2.3M
$19.6M
Net Profit
IVVD
IVVD
WTBA
WTBA
Q1 26
$10.6M
Q4 25
$-11.1M
$7.4M
Q3 25
$-10.5M
$9.3M
Q2 25
$-14.7M
$8.0M
Q1 25
$-16.3M
$7.8M
Q4 24
$-18.4M
$7.1M
Q3 24
$-60.7M
$6.0M
Q2 24
$-47.2M
$5.2M
Operating Margin
IVVD
IVVD
WTBA
WTBA
Q1 26
50.0%
Q4 25
-73.0%
39.6%
Q3 25
-84.0%
45.8%
Q2 25
-127.8%
43.4%
Q1 25
-149.7%
43.4%
Q4 24
-139.1%
30.9%
Q3 24
-670.0%
36.6%
Q2 24
-2175.2%
32.6%
Net Margin
IVVD
IVVD
WTBA
WTBA
Q1 26
39.2%
Q4 25
-64.3%
30.7%
Q3 25
-79.7%
37.3%
Q2 25
-124.4%
33.5%
Q1 25
-144.1%
34.0%
Q4 24
-133.5%
34.0%
Q3 24
-653.1%
29.3%
Q2 24
-2086.9%
26.5%
EPS (diluted)
IVVD
IVVD
WTBA
WTBA
Q1 26
$0.61
Q4 25
$0.02
$0.44
Q3 25
$-0.06
$0.55
Q2 25
$-0.12
$0.47
Q1 25
$-0.14
$0.46
Q4 24
$-0.14
$0.41
Q3 24
$-0.51
$0.35
Q2 24
$-0.40
$0.31

Balance Sheet & Financial Strength

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

Metric
IVVD
IVVD
WTBA
WTBA
Cash + ST InvestmentsLiquidity on hand
$226.7M
$362.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$241.5M
$270.7M
Total Assets
$276.9M
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVVD
IVVD
WTBA
WTBA
Q1 26
$362.0M
Q4 25
$226.7M
$471.1M
Q3 25
$85.0M
$232.9M
Q2 25
$34.9M
$345.2M
Q1 25
$48.1M
Q4 24
$69.3M
$243.5M
Q3 24
$106.9M
Q2 24
$147.9M
Stockholders' Equity
IVVD
IVVD
WTBA
WTBA
Q1 26
$270.7M
Q4 25
$241.5M
$266.0M
Q3 25
$93.1M
$255.1M
Q2 25
$42.8M
$240.9M
Q1 25
$54.1M
$237.9M
Q4 24
$67.5M
$227.9M
Q3 24
$83.2M
$235.4M
Q2 24
$140.6M
$223.9M
Total Assets
IVVD
IVVD
WTBA
WTBA
Q1 26
$4.0B
Q4 25
$276.9M
$4.1B
Q3 25
$139.2M
$4.0B
Q2 25
$89.1M
$4.1B
Q1 25
$103.7M
$4.0B
Q4 24
$129.5M
$4.0B
Q3 24
$161.9M
$4.0B
Q2 24
$177.3M
$4.0B

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
WTBA
WTBA
Operating Cash FlowLast quarter
$-15.5M
$12.9M
Free Cash FlowOCF − Capex
$12.4M
FCF MarginFCF / Revenue
46.0%
Capex IntensityCapex / Revenue
0.0%
1.8%
Cash ConversionOCF / Net Profit
1.22×
TTM Free Cash FlowTrailing 4 quarters
$79.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVVD
IVVD
WTBA
WTBA
Q1 26
$12.9M
Q4 25
$-15.5M
$46.5M
Q3 25
$-8.3M
$11.4M
Q2 25
$-13.3M
$13.5M
Q1 25
$-21.1M
$9.7M
Q4 24
$-37.6M
$39.8M
Q3 24
$-41.1M
$12.9M
Q2 24
$-41.6M
$10.0M
Free Cash Flow
IVVD
IVVD
WTBA
WTBA
Q1 26
$12.4M
Q4 25
$43.2M
Q3 25
$10.8M
Q2 25
$-13.3M
$12.8M
Q1 25
$-21.3M
$8.3M
Q4 24
$-37.6M
$13.7M
Q3 24
$-41.1M
$7.0M
Q2 24
$2.7M
FCF Margin
IVVD
IVVD
WTBA
WTBA
Q1 26
46.0%
Q4 25
178.3%
Q3 25
43.0%
Q2 25
-112.9%
53.6%
Q1 25
-188.2%
35.7%
Q4 24
-272.2%
65.6%
Q3 24
-441.6%
34.2%
Q2 24
14.0%
Capex Intensity
IVVD
IVVD
WTBA
WTBA
Q1 26
1.8%
Q4 25
0.0%
13.7%
Q3 25
0.0%
2.6%
Q2 25
0.1%
3.2%
Q1 25
1.3%
6.5%
Q4 24
0.0%
125.3%
Q3 24
0.1%
29.4%
Q2 24
0.0%
37.1%
Cash Conversion
IVVD
IVVD
WTBA
WTBA
Q1 26
1.22×
Q4 25
6.26×
Q3 25
1.23×
Q2 25
1.70×
Q1 25
1.24×
Q4 24
5.61×
Q3 24
2.17×
Q2 24
1.93×

Financial Flow Comparison

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

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