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Invivyd, Inc.（IVVD）与KKR Real Estate Finance Trust Inc.（KREF）财务数据对比。点击上方公司名可切换其他公司
KKR Real Estate Finance Trust Inc.的季度营收约是Invivyd, Inc.的1.5倍（$25.8M vs $17.2M），Invivyd, Inc.净利率更高（-64.3% vs -101.7%，领先37.4%），Invivyd, Inc.同比增速更快（24.5% vs -26.6%）
Invivyd, Inc.是一家处于临床阶段的生物制药企业，专注于研发可预防和治疗严重病毒性传染病的广谱中和抗体疗法，核心管线覆盖呼吸道合胞病毒等高负担呼吸道病原体，满足全球患者未被满足的医疗需求。
KKR房地产金融信托公司是全球投资机构KKR旗下的专业房地产金融平台，主要发起、收购并管理优先担保商业地产贷款组合，抵押物多为美国各地的优质机构级商业地产，通过贷款利息收入为投资者提供稳定的经风险调整后的回报。
IVVD vs KREF — 直观对比
营收规模更大
KREF
是对方的1.5倍
$17.2M
营收增速更快
IVVD
高出51.1%
-26.6%
净利率更高
IVVD
高出37.4%
-101.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $17.2M | $25.8M |
| 净利润 | $-11.1M | $-26.2M |
| 毛利率 | — | — |
| 营业利润率 | -73.0% | -105.1% |
| 净利率 | -64.3% | -101.7% |
| 营收同比 | 24.5% | -26.6% |
| 净利润同比 | 40.0% | -229.6% |
| 每股收益（稀释后） | $0.02 | $-0.49 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IVVDKREF
| Q4 25 | $17.2M | $25.8M | ||
| Q3 25 | $13.1M | $25.3M | ||
| Q2 25 | $11.8M | $30.2M | ||
| Q1 25 | $11.3M | $31.3M | ||
| Q4 24 | $13.8M | $35.1M | ||
| Q3 24 | $9.3M | $37.0M | ||
| Q2 24 | $2.3M | $40.4M | ||
| Q1 24 | $0 | $39.1M |
净利润IVVDKREF
| Q4 25 | $-11.1M | $-26.2M | ||
| Q3 25 | $-10.5M | $13.8M | ||
| Q2 25 | $-14.7M | $-29.7M | ||
| Q1 25 | $-16.3M | $-4.9M | ||
| Q4 24 | $-18.4M | $20.3M | ||
| Q3 24 | $-60.7M | $-7.4M | ||
| Q2 24 | $-47.2M | $25.8M | ||
| Q1 24 | $-43.5M | $-3.1M |
营业利润率IVVDKREF
| Q4 25 | -73.0% | -105.1% | ||
| Q3 25 | -84.0% | 50.4% | ||
| Q2 25 | -127.8% | -101.3% | ||
| Q1 25 | -149.7% | -18.3% | ||
| Q4 24 | -139.1% | 55.8% | ||
| Q3 24 | -670.0% | -19.6% | ||
| Q2 24 | -2175.2% | 63.3% | ||
| Q1 24 | — | -8.7% |
净利率IVVDKREF
| Q4 25 | -64.3% | -101.7% | ||
| Q3 25 | -79.7% | 54.4% | ||
| Q2 25 | -124.4% | -98.5% | ||
| Q1 25 | -144.1% | -15.5% | ||
| Q4 24 | -133.5% | 57.7% | ||
| Q3 24 | -653.1% | -20.0% | ||
| Q2 24 | -2086.9% | 63.9% | ||
| Q1 24 | — | -7.9% |
每股收益（稀释后）IVVDKREF
| Q4 25 | $0.02 | $-0.49 | ||
| Q3 25 | $-0.06 | $0.12 | ||
| Q2 25 | $-0.12 | $-0.53 | ||
| Q1 25 | $-0.14 | $-0.15 | ||
| Q4 24 | $-0.14 | $0.22 | ||
| Q3 24 | $-0.51 | $-0.19 | ||
| Q2 24 | $-0.40 | $0.29 | ||
| Q1 24 | $-0.38 | $-0.13 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $226.7M | $84.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $241.5M | $1.2B |
| 总资产 | $276.9M | $6.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资IVVDKREF
| Q4 25 | $226.7M | $84.6M | ||
| Q3 25 | $85.0M | $204.1M | ||
| Q2 25 | $34.9M | $107.7M | ||
| Q1 25 | $48.1M | $106.4M | ||
| Q4 24 | $69.3M | $104.9M | ||
| Q3 24 | $106.9M | $108.8M | ||
| Q2 24 | $147.9M | $107.2M | ||
| Q1 24 | $189.4M | $106.5M |
股东权益IVVDKREF
| Q4 25 | $241.5M | $1.2B | ||
| Q3 25 | $93.1M | $1.2B | ||
| Q2 25 | $42.8M | $1.2B | ||
| Q1 25 | $54.1M | $1.3B | ||
| Q4 24 | $67.5M | $1.3B | ||
| Q3 24 | $83.2M | $1.4B | ||
| Q2 24 | $140.6M | $1.4B | ||
| Q1 24 | $178.5M | $1.4B |
总资产IVVDKREF
| Q4 25 | $276.9M | $6.5B | ||
| Q3 25 | $139.2M | $6.5B | ||
| Q2 25 | $89.1M | $6.8B | ||
| Q1 25 | $103.7M | $6.6B | ||
| Q4 24 | $129.5M | $6.4B | ||
| Q3 24 | $161.9M | $6.8B | ||
| Q2 24 | $177.3M | $7.1B | ||
| Q1 24 | $215.5M | $7.3B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-15.5M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流IVVDKREF
| Q4 25 | $-15.5M | $72.3M | ||
| Q3 25 | $-8.3M | $18.5M | ||
| Q2 25 | $-13.3M | $21.1M | ||
| Q1 25 | $-21.1M | $15.9M | ||
| Q4 24 | $-37.6M | $132.6M | ||
| Q3 24 | $-41.1M | $49.1M | ||
| Q2 24 | $-41.6M | $30.6M | ||
| Q1 24 | $-50.2M | $34.5M |
自由现金流IVVDKREF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-13.3M | — | ||
| Q1 25 | $-21.3M | — | ||
| Q4 24 | $-37.6M | — | ||
| Q3 24 | $-41.1M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-50.4M | — |
自由现金流率IVVDKREF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -112.9% | — | ||
| Q1 25 | -188.2% | — | ||
| Q4 24 | -272.2% | — | ||
| Q3 24 | -441.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度IVVDKREF
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | — | — |
现金转化率IVVDKREF
| Q4 25 | — | — | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
