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Side-by-side financial comparison of MODIV INDUSTRIAL, INC. (MDV) and DNA X, Inc. (SONM). Click either name above to swap in a different company.
DNA X, Inc. is the larger business by last-quarter revenue ($16.2M vs $11.1M, roughly 1.5× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -29.3%, a 40.3% gap on every dollar of revenue. On growth, DNA X, Inc. posted the faster year-over-year revenue change (7.9% vs -5.6%). Over the past eight quarters, DNA X, Inc.'s revenue compounded faster (9.9% CAGR vs -3.8%).
MODIV INDUSTRIAL, INC. is a U.S.-based industrial real estate enterprise focused on acquiring, owning and operating high-quality industrial properties mainly located in key logistics and distribution hubs across North America. It serves tenants from sectors including e-commerce fulfillment, manufacturing and third-party logistics, addressing rising demand for modern supply chain infrastructure.
MDV vs SONM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.1M | $16.2M |
| Net Profit | $1.2M | $-4.8M |
| Gross Margin | — | 11.2% |
| Operating Margin | 45.8% | -24.5% |
| Net Margin | 11.0% | -29.3% |
| Revenue YoY | -5.6% | 7.9% |
| Net Profit YoY | -22.0% | -89.2% |
| EPS (diluted) | $0.02 | $-4.83 |
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 | $11.1M | — | ||
| Q3 25 | $11.7M | $16.2M | ||
| Q2 25 | $11.8M | $11.2M | ||
| Q1 25 | $11.8M | $16.7M | ||
| Q4 24 | $11.7M | $15.3M | ||
| Q3 24 | $11.7M | $15.0M | ||
| Q2 24 | $11.4M | $11.5M | ||
| Q1 24 | $12.0M | $9.1M |
| Q4 25 | $1.2M | — | ||
| Q3 25 | $1.0M | $-4.8M | ||
| Q2 25 | $-2.0M | $-7.5M | ||
| Q1 25 | $829.0K | $458.0K | ||
| Q4 24 | $1.6M | $-21.6M | ||
| Q3 24 | $-587.0K | $-2.5M | ||
| Q2 24 | $1.3M | $-6.6M | ||
| Q1 24 | $3.7M | $-2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | 50.0% | ||
| Q4 24 | — | -1.2% | ||
| Q3 24 | — | 28.2% | ||
| Q2 24 | — | 25.8% | ||
| Q1 24 | — | 31.8% |
| Q4 25 | 45.8% | — | ||
| Q3 25 | 41.4% | -24.5% | ||
| Q2 25 | 9.8% | -60.2% | ||
| Q1 25 | 40.2% | 3.9% | ||
| Q4 24 | 45.4% | 55.3% | ||
| Q3 24 | 42.0% | -15.8% | ||
| Q2 24 | 44.6% | -56.2% | ||
| Q1 24 | 55.6% | -29.5% |
| Q4 25 | 11.0% | — | ||
| Q3 25 | 9.0% | -29.3% | ||
| Q2 25 | -17.1% | -66.8% | ||
| Q1 25 | 7.0% | 2.7% | ||
| Q4 24 | 13.3% | -141.6% | ||
| Q3 24 | -5.0% | -16.7% | ||
| Q2 24 | 11.6% | -57.5% | ||
| Q1 24 | 31.1% | -31.9% |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.00 | $-4.83 | ||
| Q2 25 | $-0.32 | $-0.79 | ||
| Q1 25 | $-0.01 | $0.08 | ||
| Q4 24 | $0.07 | $-116.99 | ||
| Q3 24 | $-0.18 | $-9.32 | ||
| Q2 24 | $0.03 | $-1.41 | ||
| Q1 24 | $0.33 | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $14.4M | $2.1M |
| Total DebtLower is stronger | $261.5M | $5.1M |
| Stockholders' EquityBook value | $162.7M | $-701.0K |
| Total Assets | $476.5M | $40.2M |
| Debt / EquityLower = less leverage | 1.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | — | ||
| Q3 25 | $8.3M | $2.1M | ||
| Q2 25 | $5.8M | $2.0M | ||
| Q1 25 | $6.2M | $2.1M | ||
| Q4 24 | $11.5M | $5.3M | ||
| Q3 24 | $6.8M | $9.1M | ||
| Q2 24 | $18.9M | $9.6M | ||
| Q1 24 | $18.4M | $9.3M |
| Q4 25 | $261.5M | — | ||
| Q3 25 | $279.7M | $5.1M | ||
| Q2 25 | $279.7M | $2.9M | ||
| Q1 25 | $279.7M | $2.8M | ||
| Q4 24 | $279.8M | — | ||
| Q3 24 | $279.7M | — | ||
| Q2 24 | $279.7M | — | ||
| Q1 24 | $279.6M | — |
| Q4 25 | $162.7M | — | ||
| Q3 25 | $164.8M | $-701.0K | ||
| Q2 25 | $165.6M | $-1.3M | ||
| Q1 25 | $171.1M | $-1.1M | ||
| Q4 24 | $190.1M | $-5.7M | ||
| Q3 24 | $186.3M | $15.3M | ||
| Q2 24 | $187.0M | $17.5M | ||
| Q1 24 | $188.0M | $19.8M |
| Q4 25 | $476.5M | — | ||
| Q3 25 | $499.6M | $40.2M | ||
| Q2 25 | $498.9M | $36.1M | ||
| Q1 25 | $506.8M | $36.0M | ||
| Q4 24 | $507.8M | $39.7M | ||
| Q3 24 | $507.4M | $49.1M | ||
| Q2 24 | $519.5M | $45.9M | ||
| Q1 24 | $522.5M | $42.4M |
| Q4 25 | 1.61× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.69× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 1.49× | — |
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 | $15.0M | $-7.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 12.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.0M | — | ||
| Q3 25 | $4.1M | $-7.0M | ||
| Q2 25 | $3.9M | $-4.9M | ||
| Q1 25 | $3.0M | $-9.6M | ||
| Q4 24 | $18.2M | $-4.5M | ||
| Q3 24 | $5.1M | $-417.0K | ||
| Q2 24 | $4.7M | $-3.4M | ||
| Q1 24 | $3.0M | $-168.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-4.5M | ||
| Q3 24 | — | $-554.0K | ||
| Q2 24 | — | $-3.4M | ||
| Q1 24 | — | $-198.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -29.6% | ||
| Q3 24 | — | -3.7% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -2.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 12.34× | — | ||
| Q3 25 | 3.95× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.68× | -20.97× | ||
| Q4 24 | 11.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.55× | — | ||
| Q1 24 | 0.80× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
