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Side-by-side financial comparison of BIOLIFE SOLUTIONS INC (BLFS) and IRIDEX CORP (IRIX). Click either name above to swap in a different company.

BIOLIFE SOLUTIONS INC is the larger business by last-quarter revenue ($18.8M vs $14.7M, roughly 1.3× IRIDEX CORP). On growth, BIOLIFE SOLUTIONS INC posted the faster year-over-year revenue change (24.3% vs -69.7%). Over the past eight quarters, IRIDEX CORP's revenue compounded faster (11.9% CAGR vs 1.0%).

Biolife Solutions Inc. develops, manufactures and distributes specialized biopreservation products and cold chain management solutions for the cell and gene therapy, biopharmaceutical and regenerative medicine industries. It offers cryopreservation media, automated thawing systems, and temperature monitoring tools, serving biotech firms, research institutions and clinical labs globally.

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.

BLFS vs IRIX — Head-to-Head

Bigger by revenue
BLFS
BLFS
1.3× larger
BLFS
$18.8M
$14.7M
IRIX
Growing faster (revenue YoY)
BLFS
BLFS
+94.1% gap
BLFS
24.3%
-69.7%
IRIX
Faster 2-yr revenue CAGR
IRIX
IRIX
Annualised
IRIX
11.9%
1.0%
BLFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BLFS
BLFS
IRIX
IRIX
Revenue
$18.8M
$14.7M
Net Profit
$11.1M
Gross Margin
37.2%
Operating Margin
7.2%
Net Margin
58.9%
Revenue YoY
24.3%
-69.7%
Net Profit YoY
-11.1%
EPS (diluted)
$0.23

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
BLFS
BLFS
IRIX
IRIX
Q4 25
$18.8M
$14.7M
Q3 25
$28.1M
$12.5M
Q2 25
$25.4M
$13.6M
Q1 25
$23.9M
$11.9M
Q4 24
$15.1M
$12.7M
Q3 24
$21.4M
$11.6M
Q2 24
$19.7M
$12.6M
Q1 24
$18.4M
$11.8M
Net Profit
BLFS
BLFS
IRIX
IRIX
Q4 25
$11.1M
Q3 25
$621.0K
$-1.6M
Q2 25
$-15.8M
$-994.0K
Q1 25
$-448.0K
$-1.7M
Q4 24
$12.5M
$-834.0K
Q3 24
$-1.7M
$-1.9M
Q2 24
$-20.7M
$-2.7M
Q1 24
$-10.2M
$-3.5M
Gross Margin
BLFS
BLFS
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
BLFS
BLFS
IRIX
IRIX
Q4 25
7.2%
Q3 25
-0.3%
-11.3%
Q2 25
-65.5%
-6.9%
Q1 25
-5.1%
-1.7%
Q4 24
3.6%
-3.9%
Q3 24
-2.0%
-16.1%
Q2 24
-6.6%
-20.9%
Q1 24
-17.9%
-28.0%
Net Margin
BLFS
BLFS
IRIX
IRIX
Q4 25
58.9%
Q3 25
2.2%
-12.6%
Q2 25
-62.3%
-7.3%
Q1 25
-1.9%
-14.2%
Q4 24
82.5%
-6.6%
Q3 24
-8.0%
-16.7%
Q2 24
-105.1%
-21.2%
Q1 24
-55.4%
-29.5%
EPS (diluted)
BLFS
BLFS
IRIX
IRIX
Q4 25
$0.23
Q3 25
$0.01
$-0.09
Q2 25
$-0.33
$-0.06
Q1 25
$-0.01
$-0.10
Q4 24
$0.27
$-0.05
Q3 24
$-0.04
$-0.12
Q2 24
$-0.45
$-0.16
Q1 24
$-0.22
$-0.21

Balance Sheet & Financial Strength

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

Metric
BLFS
BLFS
IRIX
IRIX
Cash + ST InvestmentsLiquidity on hand
$33.0M
$6.0M
Total DebtLower is stronger
$5.0M
Stockholders' EquityBook value
$371.9M
Total Assets
$405.9M
$29.2M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLFS
BLFS
IRIX
IRIX
Q4 25
$33.0M
$6.0M
Q3 25
$29.5M
$5.6M
Q2 25
$31.9M
$6.8M
Q1 25
$66.9M
$7.2M
Q4 24
$91.5M
$2.4M
Q3 24
$24.0M
$3.9M
Q2 24
$22.0M
$4.1M
Q1 24
$29.7M
$5.4M
Total Debt
BLFS
BLFS
IRIX
IRIX
Q4 25
$5.0M
Q3 25
$7.5M
Q2 25
$10.1M
Q1 25
$12.9M
Q4 24
$15.9M
$1.0M
Q3 24
$20.1M
$1.4M
Q2 24
$21.1M
Q1 24
$24.3M
Stockholders' Equity
BLFS
BLFS
IRIX
IRIX
Q4 25
$371.9M
Q3 25
$353.7M
$4.7M
Q2 25
$347.2M
$6.1M
Q1 25
$352.6M
$852.0K
Q4 24
$348.9M
$2.1M
Q3 24
$325.5M
$2.6M
Q2 24
$321.4M
$4.2M
Q1 24
$333.4M
$6.5M
Total Assets
BLFS
BLFS
IRIX
IRIX
Q4 25
$405.9M
$29.2M
Q3 25
$392.1M
$28.4M
Q2 25
$387.2M
$31.6M
Q1 25
$395.1M
$34.2M
Q4 24
$399.5M
$29.1M
Q3 24
$381.7M
$30.2M
Q2 24
$375.0M
$31.2M
Q1 24
$401.6M
$34.1M
Debt / Equity
BLFS
BLFS
IRIX
IRIX
Q4 25
0.01×
Q3 25
0.02×
Q2 25
0.03×
Q1 25
0.04×
Q4 24
0.05×
0.48×
Q3 24
0.06×
0.53×
Q2 24
0.07×
Q1 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
BLFS
BLFS
IRIX
IRIX
Operating Cash FlowLast quarter
$4.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.44×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLFS
BLFS
IRIX
IRIX
Q4 25
$4.9M
Q3 25
$6.1M
$-1.2M
Q2 25
$7.4M
$-397.0K
Q1 25
$1.7M
$-1.1M
Q4 24
$1.6M
$-1.2M
Q3 24
$4.8M
$-3.1M
Q2 24
$6.5M
$-1.3M
Q1 24
$-4.5M
$-1.6M
Free Cash Flow
BLFS
BLFS
IRIX
IRIX
Q4 25
Q3 25
$-1.2M
Q2 25
$-410.0K
Q1 25
$-1.2M
Q4 24
$-1.2M
Q3 24
$-3.1M
Q2 24
Q1 24
$-1.7M
FCF Margin
BLFS
BLFS
IRIX
IRIX
Q4 25
Q3 25
-9.4%
Q2 25
-3.0%
Q1 25
-9.8%
Q4 24
-9.8%
Q3 24
-26.5%
Q2 24
Q1 24
-14.0%
Capex Intensity
BLFS
BLFS
IRIX
IRIX
Q4 25
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
BLFS
BLFS
IRIX
IRIX
Q4 25
0.44×
Q3 25
9.83×
Q2 25
Q1 25
Q4 24
0.13×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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