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Side-by-side financial comparison of BARFRESH FOOD GROUP INC. (BRFH) and Opus Genetics, Inc. (IRD). Click either name above to swap in a different company.

BARFRESH FOOD GROUP INC. is the larger business by last-quarter revenue ($5.4M vs $3.9M, roughly 1.4× Opus Genetics, Inc.). On growth, BARFRESH FOOD GROUP INC. posted the faster year-over-year revenue change (94.5% vs -10.2%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs 38.4%).

Barfresh Food Group Inc. is a specialized food and beverage firm that develops, manufactures, and distributes frozen ready-to-blend smoothies, frappes, and related beverage products. Its core client base includes quick service restaurants, K-12 schools, healthcare facilities, and hospitality operators across North America, delivering portion-controlled, easy-to-prepare solutions that cut down on front-of-house preparation work for food service partners.

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.

BRFH vs IRD — Head-to-Head

Bigger by revenue
BRFH
BRFH
1.4× larger
BRFH
$5.4M
$3.9M
IRD
Growing faster (revenue YoY)
BRFH
BRFH
+104.7% gap
BRFH
94.5%
-10.2%
IRD
Faster 2-yr revenue CAGR
IRD
IRD
Annualised
IRD
50.3%
38.4%
BRFH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRFH
BRFH
IRD
IRD
Revenue
$5.4M
$3.9M
Net Profit
$-763.0K
Gross Margin
2.9%
Operating Margin
-28.9%
Net Margin
-14.1%
Revenue YoY
94.5%
-10.2%
Net Profit YoY
10.4%
53.0%
EPS (diluted)
$-0.04

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
BRFH
BRFH
IRD
IRD
Q4 25
$5.4M
$3.9M
Q3 25
$4.2M
$3.1M
Q2 25
$1.6M
$2.9M
Q1 25
$2.9M
$4.4M
Q4 24
$2.8M
$4.3M
Q3 24
$3.6M
$3.9M
Q2 24
$1.5M
$1.1M
Q1 24
$2.8M
$1.7M
Net Profit
BRFH
BRFH
IRD
IRD
Q4 25
$-763.0K
Q3 25
$-290.0K
$-17.5M
Q2 25
$-880.0K
$-7.4M
Q1 25
$-761.0K
$-8.2M
Q4 24
$-852.0K
Q3 24
$-513.0K
$-7.5M
Q2 24
$-1.0M
$-7.8M
Q1 24
$-449.0K
$-7.1M
Gross Margin
BRFH
BRFH
IRD
IRD
Q4 25
2.9%
Q3 25
36.7%
Q2 25
31.1%
Q1 25
30.7%
Q4 24
26.2%
Q3 24
34.6%
Q2 24
34.8%
Q1 24
41.4%
Operating Margin
BRFH
BRFH
IRD
IRD
Q4 25
-28.9%
Q3 25
-6.1%
-269.9%
Q2 25
-53.4%
-309.0%
Q1 25
-25.2%
-227.2%
Q4 24
-29.5%
Q3 24
-13.7%
-207.1%
Q2 24
-68.6%
-748.9%
Q1 24
-15.8%
-450.5%
Net Margin
BRFH
BRFH
IRD
IRD
Q4 25
-14.1%
Q3 25
-6.9%
-566.9%
Q2 25
-54.2%
-257.5%
Q1 25
-26.0%
-187.5%
Q4 24
-30.6%
Q3 24
-14.1%
-194.6%
Q2 24
-69.1%
-698.3%
Q1 24
-15.9%
-415.3%
EPS (diluted)
BRFH
BRFH
IRD
IRD
Q4 25
$-0.04
Q3 25
$-0.02
$-0.25
Q2 25
$-0.06
$-0.12
Q1 25
$-0.05
$-0.24
Q4 24
$-0.06
Q3 24
$-0.03
$-0.29
Q2 24
$-0.07
$-0.30
Q1 24
$-0.03
$-0.29

Balance Sheet & Financial Strength

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

Metric
BRFH
BRFH
IRD
IRD
Cash + ST InvestmentsLiquidity on hand
$45.1M
Total DebtLower is stronger
$766.0K
Stockholders' EquityBook value
$1.3M
$15.3M
Total Assets
$12.8M
$50.2M
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRFH
BRFH
IRD
IRD
Q4 25
$45.1M
Q3 25
$30.8M
Q2 25
$32.4M
Q1 25
$41.8M
Q4 24
$30.3M
Q3 24
$36.6M
Q2 24
$41.4M
Q1 24
$1.2M
$47.2M
Total Debt
BRFH
BRFH
IRD
IRD
Q4 25
$766.0K
Q3 25
$596.0K
Q2 25
$176.0K
Q1 25
$200.0K
Q4 24
$223.0K
Q3 24
$246.0K
Q2 24
Q1 24
Stockholders' Equity
BRFH
BRFH
IRD
IRD
Q4 25
$1.3M
$15.3M
Q3 25
$1.9M
$6.0M
Q2 25
$2.0M
$17.5M
Q1 25
$2.8M
$5.1M
Q4 24
$578.0K
$6.7M
Q3 24
$1.4M
$34.3M
Q2 24
$1.7M
$40.6M
Q1 24
$2.5M
$46.1M
Total Assets
BRFH
BRFH
IRD
IRD
Q4 25
$12.8M
$50.2M
Q3 25
$6.8M
$36.1M
Q2 25
$3.8M
$38.7M
Q1 25
$5.3M
$48.2M
Q4 24
$3.3M
$36.9M
Q3 24
$3.8M
$40.4M
Q2 24
$3.3M
$44.8M
Q1 24
$4.7M
$51.8M
Debt / Equity
BRFH
BRFH
IRD
IRD
Q4 25
0.58×
Q3 25
0.31×
Q2 25
0.09×
Q1 25
0.07×
Q4 24
0.39×
Q3 24
0.18×
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
BRFH
BRFH
IRD
IRD
Operating Cash FlowLast quarter
$507.0K
$-35.3M
Free Cash FlowOCF − Capex
$426.0K
FCF MarginFCF / Revenue
7.9%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRFH
BRFH
IRD
IRD
Q4 25
$507.0K
$-35.3M
Q3 25
$-598.0K
$-6.2M
Q2 25
$-1.1M
$-10.3M
Q1 25
$-506.0K
$-9.0M
Q4 24
$-685.0K
$-25.6M
Q3 24
$5.0K
$-5.1M
Q2 24
$-780.0K
$-7.3M
Q1 24
$-769.0K
$-5.7M
Free Cash Flow
BRFH
BRFH
IRD
IRD
Q4 25
$426.0K
Q3 25
$-650.0K
Q2 25
$-1.1M
Q1 25
$-534.0K
Q4 24
Q3 24
$-52.0K
Q2 24
Q1 24
FCF Margin
BRFH
BRFH
IRD
IRD
Q4 25
7.9%
Q3 25
-15.4%
Q2 25
-69.8%
Q1 25
-18.2%
Q4 24
Q3 24
-1.4%
Q2 24
Q1 24
Capex Intensity
BRFH
BRFH
IRD
IRD
Q4 25
1.5%
Q3 25
1.2%
Q2 25
4.1%
Q1 25
1.0%
Q4 24
Q3 24
1.6%
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BRFH
BRFH

Raw And Processed Milk$2.7M51%
Other$2.7M49%

IRD
IRD

Segment breakdown not available.

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