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Side-by-side financial comparison of Sphere 3D Corp. (ANY) and Opus Genetics, Inc. (IRD). Click either name above to swap in a different company.

Opus Genetics, Inc. is the larger business by last-quarter revenue ($3.9M vs $2.7M, roughly 1.4× Sphere 3D Corp.). On growth, Sphere 3D Corp. posted the faster year-over-year revenue change (3.1% vs -10.2%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs -37.4%).

Sphere 3D Corp is a global technology company specializing in cloud computing, data management, and virtualization solutions. It delivers enterprise-grade products and services tailored for small to medium-sized businesses, large enterprise clients, and public sector entities, focusing on optimizing IT infrastructure efficiency and cutting operational costs for end users.

Opus Genetics, Inc. is a clinical-stage biotechnology company specializing in the development of targeted gene therapies for inherited retinal diseases. It focuses on addressing unmet medical needs for patients living with rare, vision-threatening ocular conditions, with operations centered on advancing accessible therapeutic candidates for global rare disease patient populations.

ANY vs IRD — Head-to-Head

Bigger by revenue
IRD
IRD
1.4× larger
IRD
$3.9M
$2.7M
ANY
Growing faster (revenue YoY)
ANY
ANY
+13.3% gap
ANY
3.1%
-10.2%
IRD
Faster 2-yr revenue CAGR
IRD
IRD
Annualised
IRD
50.3%
-37.4%
ANY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANY
ANY
IRD
IRD
Revenue
$2.7M
$3.9M
Net Profit
Gross Margin
Operating Margin
-372.7%
Net Margin
Revenue YoY
3.1%
-10.2%
Net Profit YoY
53.0%
EPS (diluted)
$-6.96

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
ANY
ANY
IRD
IRD
Q4 25
$2.7M
$3.9M
Q3 25
$2.6M
$3.1M
Q2 25
$3.0M
$2.9M
Q1 25
$2.8M
$4.4M
Q4 24
$2.6M
$4.3M
Q3 24
$2.4M
$3.9M
Q2 24
$4.7M
$1.1M
Q1 24
$6.9M
$1.7M
Net Profit
ANY
ANY
IRD
IRD
Q4 25
Q3 25
$-4.2M
$-17.5M
Q2 25
$1.7M
$-7.4M
Q1 25
$-8.8M
$-8.2M
Q4 24
Q3 24
$104.0K
$-7.5M
Q2 24
$2.1M
$-7.8M
Q1 24
$-4.5M
$-7.1M
Gross Margin
ANY
ANY
IRD
IRD
Q4 25
Q3 25
25.4%
Q2 25
23.8%
Q1 25
22.1%
Q4 24
Q3 24
-16.0%
Q2 24
15.2%
Q1 24
38.0%
Operating Margin
ANY
ANY
IRD
IRD
Q4 25
-372.7%
Q3 25
-153.8%
-269.9%
Q2 25
-87.0%
-309.0%
Q1 25
-184.2%
-227.2%
Q4 24
-328.7%
Q3 24
-218.8%
-207.1%
Q2 24
-122.4%
-748.9%
Q1 24
-26.9%
-450.5%
Net Margin
ANY
ANY
IRD
IRD
Q4 25
Q3 25
-162.0%
-566.9%
Q2 25
55.2%
-257.5%
Q1 25
-311.9%
-187.5%
Q4 24
Q3 24
4.4%
-194.6%
Q2 24
45.5%
-698.3%
Q1 24
-64.5%
-415.3%
EPS (diluted)
ANY
ANY
IRD
IRD
Q4 25
$-6.96
Q3 25
$-0.15
$-0.25
Q2 25
$0.06
$-0.12
Q1 25
$-0.32
$-0.24
Q4 24
$-4.62
Q3 24
$0.01
$-0.29
Q2 24
$0.10
$-0.30
Q1 24
$-0.27
$-0.29

Balance Sheet & Financial Strength

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

Metric
ANY
ANY
IRD
IRD
Cash + ST InvestmentsLiquidity on hand
$3.7M
$45.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.3M
$15.3M
Total Assets
$25.1M
$50.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANY
ANY
IRD
IRD
Q4 25
$3.7M
$45.1M
Q3 25
$5.3M
$30.8M
Q2 25
$4.7M
$32.4M
Q1 25
$2.8M
$41.8M
Q4 24
$5.4M
$30.3M
Q3 24
$5.0M
$36.6M
Q2 24
$4.3M
$41.4M
Q1 24
$9.3M
$47.2M
Stockholders' Equity
ANY
ANY
IRD
IRD
Q4 25
$23.3M
$15.3M
Q3 25
$29.5M
$6.0M
Q2 25
$32.7M
$17.5M
Q1 25
$30.7M
$5.1M
Q4 24
$39.3M
$6.7M
Q3 24
$35.8M
$34.3M
Q2 24
$33.4M
$40.6M
Q1 24
$27.5M
$46.1M
Total Assets
ANY
ANY
IRD
IRD
Q4 25
$25.1M
$50.2M
Q3 25
$31.1M
$36.1M
Q2 25
$34.4M
$38.7M
Q1 25
$34.3M
$48.2M
Q4 24
$43.2M
$36.9M
Q3 24
$44.3M
$40.4M
Q2 24
$44.0M
$44.8M
Q1 24
$42.0M
$51.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ANY
ANY
IRD
IRD
Operating Cash FlowLast quarter
$-16.1M
$-35.3M
Free Cash FlowOCF − Capex
$-23.6M
FCF MarginFCF / Revenue
-867.3%
Capex IntensityCapex / Revenue
275.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-40.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANY
ANY
IRD
IRD
Q4 25
$-16.1M
$-35.3M
Q3 25
$-3.5M
$-6.2M
Q2 25
$-5.8M
$-10.3M
Q1 25
$-4.1M
$-9.0M
Q4 24
$-4.6M
$-25.6M
Q3 24
$290.0K
$-5.1M
Q2 24
$-3.3M
$-7.3M
Q1 24
$-58.0K
$-5.7M
Free Cash Flow
ANY
ANY
IRD
IRD
Q4 25
$-23.6M
Q3 25
$-5.7M
Q2 25
$-6.0M
Q1 25
$-5.1M
Q4 24
$-13.5M
Q3 24
$-4.3M
Q2 24
Q1 24
FCF Margin
ANY
ANY
IRD
IRD
Q4 25
-867.3%
Q3 25
-218.7%
Q2 25
-200.5%
Q1 25
-181.2%
Q4 24
-511.9%
Q3 24
-184.4%
Q2 24
Q1 24
Capex Intensity
ANY
ANY
IRD
IRD
Q4 25
275.4%
Q3 25
86.5%
Q2 25
6.6%
Q1 25
36.4%
Q4 24
338.7%
Q3 24
196.7%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
ANY
ANY
IRD
IRD
Q4 25
Q3 25
Q2 25
-3.51×
Q1 25
Q4 24
Q3 24
2.79×
Q2 24
-1.55×
Q1 24

Financial Flow Comparison

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

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