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Side-by-side financial comparison of Invivyd, Inc. (IVVD) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.
Zeo Energy Corp. is the larger business by last-quarter revenue ($18.6M vs $17.2M, roughly 1.1× Invivyd, Inc.). Zeo Energy Corp. runs the higher net margin — -10.8% vs -64.3%, a 53.5% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs -0.4%).
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.
IVVD vs ZEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.2M | $18.6M |
| Net Profit | $-11.1M | $-2.0M |
| Gross Margin | — | — |
| Operating Margin | -73.0% | -11.8% |
| Net Margin | -64.3% | -10.8% |
| Revenue YoY | 24.5% | -0.4% |
| Net Profit YoY | 40.0% | -360.9% |
| EPS (diluted) | $0.02 | — |
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 | $18.6M | ||
| Q3 25 | $13.1M | $23.9M | ||
| Q2 25 | $11.8M | $18.1M | ||
| Q1 25 | $11.3M | $8.8M | ||
| Q4 24 | $13.8M | $18.6M | ||
| Q3 24 | $9.3M | $19.7M | ||
| Q2 24 | $2.3M | $14.8M | ||
| Q1 24 | $0 | $20.1M |
| Q4 25 | $-11.1M | $-2.0M | ||
| Q3 25 | $-10.5M | $-3.2M | ||
| Q2 25 | $-14.7M | $-2.4M | ||
| Q1 25 | $-16.3M | $-6.4M | ||
| Q4 24 | $-18.4M | $-435.3K | ||
| Q3 24 | $-60.7M | $-424.3K | ||
| Q2 24 | $-47.2M | $-277.8K | ||
| Q1 24 | $-43.5M | $-1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 57.9% | ||
| Q2 25 | — | 59.8% | ||
| Q1 25 | — | 99.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 52.3% | ||
| Q1 24 | — | — |
| Q4 25 | -73.0% | -11.8% | ||
| Q3 25 | -84.0% | -8.3% | ||
| Q2 25 | -127.8% | -15.8% | ||
| Q1 25 | -149.7% | -153.8% | ||
| Q4 24 | -139.1% | -6.0% | ||
| Q3 24 | -670.0% | -15.2% | ||
| Q2 24 | -2175.2% | -18.0% | ||
| Q1 24 | — | -20.1% |
| Q4 25 | -64.3% | -10.8% | ||
| Q3 25 | -79.7% | -13.5% | ||
| Q2 25 | -124.4% | -13.3% | ||
| Q1 25 | -144.1% | -72.4% | ||
| Q4 24 | -133.5% | -2.3% | ||
| Q3 24 | -653.1% | -2.2% | ||
| Q2 24 | -2086.9% | -1.9% | ||
| Q1 24 | — | -7.6% |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $-0.06 | — | ||
| Q2 25 | $-0.12 | — | ||
| Q1 25 | $-0.14 | $-0.48 | ||
| Q4 24 | $-0.14 | $1.11 | ||
| Q3 24 | $-0.51 | $-0.08 | ||
| Q2 24 | $-0.40 | $0.03 | ||
| Q1 24 | $-0.38 | $-1.54 |
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 | $6.1M |
| Total DebtLower is stronger | — | $79.1K |
| Stockholders' EquityBook value | $241.5M | $5.3M |
| Total Assets | $276.9M | $56.9M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.7M | $6.1M | ||
| Q3 25 | $85.0M | $3.9M | ||
| Q2 25 | $34.9M | $68.7K | ||
| Q1 25 | $48.1M | $2.9M | ||
| Q4 24 | $69.3M | $5.6M | ||
| Q3 24 | $106.9M | $4.3M | ||
| Q2 24 | $147.9M | $5.3M | ||
| Q1 24 | $189.4M | — |
| Q4 25 | — | $79.1K | ||
| Q3 25 | — | $84.6K | ||
| Q2 25 | — | $642.8K | ||
| Q1 25 | — | $715.4K | ||
| Q4 24 | — | $787.7K | ||
| Q3 24 | — | $858.6K | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | — | $748.8K |
| Q4 25 | $241.5M | $5.3M | ||
| Q3 25 | $93.1M | $-1.7M | ||
| Q2 25 | $42.8M | $-59.4M | ||
| Q1 25 | $54.1M | $-23.1M | ||
| Q4 24 | $67.5M | $-88.9M | ||
| Q3 24 | $83.2M | $-39.3M | ||
| Q2 24 | $140.6M | $-53.0M | ||
| Q1 24 | $178.5M | $-173.0M |
| Q4 25 | $276.9M | $56.9M | ||
| Q3 25 | $139.2M | $58.5M | ||
| Q2 25 | $89.1M | $46.2M | ||
| Q1 25 | $103.7M | $47.4M | ||
| Q4 24 | $129.5M | $61.0M | ||
| Q3 24 | $161.9M | $47.1M | ||
| Q2 24 | $177.3M | $49.1M | ||
| Q1 24 | $215.5M | $50.1M |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-15.5M | $2.4M |
| Free Cash FlowOCF − Capex | — | $2.3M |
| FCF MarginFCF / Revenue | — | 12.2% |
| Capex IntensityCapex / Revenue | 0.0% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.5M | $2.4M | ||
| Q3 25 | $-8.3M | $-6.6M | ||
| Q2 25 | $-13.3M | $-2.3M | ||
| Q1 25 | $-21.1M | $-2.3M | ||
| Q4 24 | $-37.6M | $3.5M | ||
| Q3 24 | $-41.1M | $162.2K | ||
| Q2 24 | $-41.6M | $-2.2M | ||
| Q1 24 | $-50.2M | $-10.2M |
| Q4 25 | — | $2.3M | ||
| Q3 25 | — | $-6.8M | ||
| Q2 25 | $-13.3M | $-2.7M | ||
| Q1 25 | $-21.3M | $-2.6M | ||
| Q4 24 | $-37.6M | $3.4M | ||
| Q3 24 | $-41.1M | $116.5K | ||
| Q2 24 | — | $-2.3M | ||
| Q1 24 | $-50.4M | $-10.4M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | -28.6% | ||
| Q2 25 | -112.9% | -15.0% | ||
| Q1 25 | -188.2% | -30.0% | ||
| Q4 24 | -272.2% | 18.2% | ||
| Q3 24 | -441.6% | 0.6% | ||
| Q2 24 | — | -15.6% | ||
| Q1 24 | — | -51.5% |
| Q4 25 | 0.0% | 0.9% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | 0.1% | 2.4% | ||
| Q1 25 | 1.3% | 4.2% | ||
| Q4 24 | 0.0% | 0.5% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.0% | 0.7% | ||
| Q1 24 | — | 1.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IVVD
Segment breakdown not available.
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
