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Side-by-side financial comparison of Affinity Bancshares, Inc. (AFBI) and IRIDEX CORP (IRIX). Click either name above to swap in a different company.

IRIDEX CORP is the larger business by last-quarter revenue ($14.7M vs $8.6M, roughly 1.7× Affinity Bancshares, Inc.). On growth, Affinity Bancshares, Inc. posted the faster year-over-year revenue change (12.8% vs -69.7%). Over the past eight quarters, IRIDEX CORP's revenue compounded faster (11.9% CAGR vs 8.1%).

IRIDEX Corporation is a global medical technology company that designs, manufactures and distributes advanced laser-based medical devices, primarily serving the ophthalmology and aesthetic medicine sectors. It supplies products to healthcare providers, clinics and medical facilities across North America, Europe, Asia Pacific and other regions, delivering minimally invasive solutions for eye disease treatment and cosmetic procedures.

AFBI vs IRIX — Head-to-Head

Bigger by revenue
IRIX
IRIX
1.7× larger
IRIX
$14.7M
$8.6M
AFBI
Growing faster (revenue YoY)
AFBI
AFBI
+82.6% gap
AFBI
12.8%
-69.7%
IRIX
Faster 2-yr revenue CAGR
IRIX
IRIX
Annualised
IRIX
11.9%
8.1%
AFBI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFBI
AFBI
IRIX
IRIX
Revenue
$8.6M
$14.7M
Net Profit
$2.1M
Gross Margin
37.2%
Operating Margin
35.9%
Net Margin
24.9%
Revenue YoY
12.8%
-69.7%
Net Profit YoY
58.5%
EPS (diluted)
$0.34

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
AFBI
AFBI
IRIX
IRIX
Q4 25
$8.6M
$14.7M
Q3 25
$8.4M
$12.5M
Q2 25
$8.3M
$13.6M
Q1 25
$7.8M
$11.9M
Q4 24
$7.6M
$12.7M
Q3 24
$8.0M
$11.6M
Q2 24
$8.3M
$12.6M
Q1 24
$7.3M
$11.8M
Net Profit
AFBI
AFBI
IRIX
IRIX
Q4 25
$2.1M
Q3 25
$2.2M
$-1.6M
Q2 25
$2.2M
$-994.0K
Q1 25
$1.8M
$-1.7M
Q4 24
$1.3M
$-834.0K
Q3 24
$1.7M
$-1.9M
Q2 24
$1.0M
$-2.7M
Q1 24
$1.3M
$-3.5M
Gross Margin
AFBI
AFBI
IRIX
IRIX
Q4 25
37.2%
Q3 25
32.1%
Q2 25
34.5%
Q1 25
42.5%
Q4 24
44.0%
Q3 24
37.3%
Q2 24
40.7%
Q1 24
37.9%
Operating Margin
AFBI
AFBI
IRIX
IRIX
Q4 25
35.9%
Q3 25
34.9%
-11.3%
Q2 25
34.1%
-6.9%
Q1 25
30.8%
-1.7%
Q4 24
21.1%
-3.9%
Q3 24
28.5%
-16.1%
Q2 24
16.2%
-20.9%
Q1 24
24.0%
-28.0%
Net Margin
AFBI
AFBI
IRIX
IRIX
Q4 25
24.9%
Q3 25
26.5%
-12.6%
Q2 25
25.9%
-7.3%
Q1 25
23.4%
-14.2%
Q4 24
17.7%
-6.6%
Q3 24
21.7%
-16.7%
Q2 24
12.5%
-21.2%
Q1 24
18.2%
-29.5%
EPS (diluted)
AFBI
AFBI
IRIX
IRIX
Q4 25
$0.34
Q3 25
$0.34
$-0.09
Q2 25
$0.33
$-0.06
Q1 25
$0.28
$-0.10
Q4 24
$0.21
$-0.05
Q3 24
$0.26
$-0.12
Q2 24
$0.16
$-0.16
Q1 24
$0.20
$-0.21

Balance Sheet & Financial Strength

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

Metric
AFBI
AFBI
IRIX
IRIX
Cash + ST InvestmentsLiquidity on hand
$53.9M
$6.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$127.0M
Total Assets
$881.7M
$29.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFBI
AFBI
IRIX
IRIX
Q4 25
$53.9M
$6.0M
Q3 25
$84.8M
$5.6M
Q2 25
$89.7M
$6.8M
Q1 25
$74.7M
$7.2M
Q4 24
$41.4M
$2.4M
Q3 24
$52.3M
$3.9M
Q2 24
$50.4M
$4.1M
Q1 24
$61.4M
$5.4M
Total Debt
AFBI
AFBI
IRIX
IRIX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$1.0M
Q3 24
$1.4M
Q2 24
Q1 24
Stockholders' Equity
AFBI
AFBI
IRIX
IRIX
Q4 25
$127.0M
Q3 25
$125.4M
$4.7M
Q2 25
$124.1M
$6.1M
Q1 25
$122.3M
$852.0K
Q4 24
$129.1M
$2.1M
Q3 24
$128.4M
$2.6M
Q2 24
$125.1M
$4.2M
Q1 24
$123.3M
$6.5M
Total Assets
AFBI
AFBI
IRIX
IRIX
Q4 25
$881.7M
$29.2M
Q3 25
$925.2M
$28.4M
Q2 25
$933.8M
$31.6M
Q1 25
$912.5M
$34.2M
Q4 24
$866.8M
$29.1M
Q3 24
$878.6M
$30.2M
Q2 24
$873.6M
$31.2M
Q1 24
$869.5M
$34.1M
Debt / Equity
AFBI
AFBI
IRIX
IRIX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.48×
Q3 24
0.53×
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
AFBI
AFBI
IRIX
IRIX
Operating Cash FlowLast quarter
$11.6M
Free Cash FlowOCF − Capex
$11.2M
FCF MarginFCF / Revenue
130.9%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
5.46×
TTM Free Cash FlowTrailing 4 quarters
$20.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFBI
AFBI
IRIX
IRIX
Q4 25
$11.6M
Q3 25
$3.7M
$-1.2M
Q2 25
$3.8M
$-397.0K
Q1 25
$1.9M
$-1.1M
Q4 24
$6.8M
$-1.2M
Q3 24
$4.1M
$-3.1M
Q2 24
$619.0K
$-1.3M
Q1 24
$1.2M
$-1.6M
Free Cash Flow
AFBI
AFBI
IRIX
IRIX
Q4 25
$11.2M
Q3 25
$3.6M
$-1.2M
Q2 25
$3.7M
$-410.0K
Q1 25
$1.8M
$-1.2M
Q4 24
$6.4M
$-1.2M
Q3 24
$4.0M
$-3.1M
Q2 24
$489.0K
Q1 24
$1.1M
$-1.7M
FCF Margin
AFBI
AFBI
IRIX
IRIX
Q4 25
130.9%
Q3 25
43.3%
-9.4%
Q2 25
44.0%
-3.0%
Q1 25
22.7%
-9.8%
Q4 24
83.9%
-9.8%
Q3 24
49.5%
-26.5%
Q2 24
5.9%
Q1 24
14.8%
-14.0%
Capex Intensity
AFBI
AFBI
IRIX
IRIX
Q4 25
4.9%
Q3 25
0.8%
0.1%
Q2 25
1.4%
0.1%
Q1 25
1.9%
0.1%
Q4 24
5.6%
0.1%
Q3 24
1.7%
0.0%
Q2 24
1.6%
0.0%
Q1 24
1.8%
0.0%
Cash Conversion
AFBI
AFBI
IRIX
IRIX
Q4 25
5.46×
Q3 25
1.66×
Q2 25
1.75×
Q1 25
1.05×
Q4 24
5.05×
Q3 24
2.36×
Q2 24
0.60×
Q1 24
0.91×

Financial Flow Comparison

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

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