Filing Flows › Invivyd (IVVD) › Q1 2026 › vs Q4 2025
Invivyd (IVVD) Q1 2026 vs Q4 2025 (quarter over quarter)
Invivyd's revenue fell $3.5M (-20%) from $17.2M in Q4 2025 to $13.7M in Q1 2026.
Invivyd, Q1 2026: revenue $13.7M (+22% year over year), operating margin -313.9%, net loss $41.4M, operating cash flow −$41.7M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $13.7M | $17.2M | −$3.5M | -20% |
| Other income, net | $1.7M | $1.5M | $251K | +17% |
| Net loss | $41.4M | $11.1M | $30.3M | +274% |
| Costs & expenses | $56.9M | $29.8M | $27.1M | +91% |
| Operating costs | $56.9M | $29.8M | $27.1M | +91% |
| Research & development | $30.7M | $10.0M | $20.7M | +206% |
| SG&A | $25.1M | $18.6M | $6.5M | +35% |
| Other operating costs | $1.0M | $1.1M | −$108K | -9% |
| Operating cash sources | $44.4M | $18.0M | $26.4M | +146% |
| Share-based compensation | $2.7M | $2.6M | $133K | +5% |
| Cash used in operations | $41.7M | $15.5M | $26.3M | +170% |
| Net loss absorbed | $41.4M | $11.1M | $30.3M | +274% |
| Working capital & other | $3.0M | $6.9M | −$3.9M | -57% |
Questions
How much did Invivyd's revenue grow quarter over quarter in Q1 2026?
Invivyd's revenue fell $3.5M (-20%) from $17.2M in Q4 2025 to $13.7M in Q1 2026.