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Side-by-side financial comparison of Coda Octopus Group, Inc. (CODA) and Opus Genetics, Inc. (IRD). Click either name above to swap in a different company.

Coda Octopus Group, Inc. is the larger business by last-quarter revenue ($7.3M vs $3.9M, roughly 1.9× Opus Genetics, Inc.). On growth, Coda Octopus Group, Inc. posted the faster year-over-year revenue change (43.8% vs -10.2%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs 27.7%).

CODA plc was a mid-sized international financial software company based in the United Kingdom. Founded in 1979, it was purchased in 2008 by Unit4, a supplier of enterprise software, based in the Netherlands. CODA creates, markets and implements a range of business software systems designed for finance directors and finance departments. These include:financial management systems like accounting software and procurement software: financial analysis applications like reporting, consolidation and...

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.

CODA vs IRD — Head-to-Head

Bigger by revenue
CODA
CODA
1.9× larger
CODA
$7.3M
$3.9M
IRD
Growing faster (revenue YoY)
CODA
CODA
+54.0% gap
CODA
43.8%
-10.2%
IRD
Faster 2-yr revenue CAGR
IRD
IRD
Annualised
IRD
50.3%
27.7%
CODA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CODA
CODA
IRD
IRD
Revenue
$7.3M
$3.9M
Net Profit
$1.0M
Gross Margin
67.6%
Operating Margin
19.3%
Net Margin
14.1%
Revenue YoY
43.8%
-10.2%
Net Profit YoY
214.3%
53.0%
EPS (diluted)
$0.10

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
CODA
CODA
IRD
IRD
Q4 25
$7.3M
$3.9M
Q3 25
$7.1M
$3.1M
Q2 25
$7.0M
$2.9M
Q1 25
$5.2M
$4.4M
Q4 24
$5.1M
$4.3M
Q3 24
$5.5M
$3.9M
Q2 24
$5.3M
$1.1M
Q1 24
$4.5M
$1.7M
Net Profit
CODA
CODA
IRD
IRD
Q4 25
$1.0M
Q3 25
$1.3M
$-17.5M
Q2 25
$908.8K
$-7.4M
Q1 25
$913.0K
$-8.2M
Q4 24
$326.2K
Q3 24
$1.3M
$-7.5M
Q2 24
$1.4M
$-7.8M
Q1 24
$629.9K
$-7.1M
Gross Margin
CODA
CODA
IRD
IRD
Q4 25
67.6%
Q3 25
68.3%
Q2 25
64.1%
Q1 25
65.8%
Q4 24
65.3%
Q3 24
73.9%
Q2 24
70.2%
Q1 24
69.2%
Operating Margin
CODA
CODA
IRD
IRD
Q4 25
19.3%
Q3 25
19.5%
-269.9%
Q2 25
15.5%
-309.0%
Q1 25
12.7%
-227.2%
Q4 24
5.7%
Q3 24
25.4%
-207.1%
Q2 24
25.4%
-748.9%
Q1 24
12.4%
-450.5%
Net Margin
CODA
CODA
IRD
IRD
Q4 25
14.1%
Q3 25
18.2%
-566.9%
Q2 25
13.0%
-257.5%
Q1 25
17.5%
-187.5%
Q4 24
6.5%
Q3 24
23.3%
-194.6%
Q2 24
26.6%
-698.3%
Q1 24
14.1%
-415.3%
EPS (diluted)
CODA
CODA
IRD
IRD
Q4 25
$0.10
Q3 25
$0.11
$-0.25
Q2 25
$0.08
$-0.12
Q1 25
$0.08
$-0.24
Q4 24
$0.02
Q3 24
$0.11
$-0.29
Q2 24
$0.13
$-0.30
Q1 24
$0.06
$-0.29

Balance Sheet & Financial Strength

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

Metric
CODA
CODA
IRD
IRD
Cash + ST InvestmentsLiquidity on hand
$28.7M
$45.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.1M
$15.3M
Total Assets
$64.5M
$50.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CODA
CODA
IRD
IRD
Q4 25
$28.7M
$45.1M
Q3 25
$26.2M
$30.8M
Q2 25
$24.5M
$32.4M
Q1 25
$22.5M
$41.8M
Q4 24
$22.5M
$30.3M
Q3 24
$25.2M
$36.6M
Q2 24
$23.7M
$41.4M
Q1 24
$25.0M
$47.2M
Stockholders' Equity
CODA
CODA
IRD
IRD
Q4 25
$58.1M
$15.3M
Q3 25
$57.3M
$6.0M
Q2 25
$55.9M
$17.5M
Q1 25
$53.1M
$5.1M
Q4 24
$53.1M
$6.7M
Q3 24
$52.8M
$34.3M
Q2 24
$51.1M
$40.6M
Q1 24
$50.1M
$46.1M
Total Assets
CODA
CODA
IRD
IRD
Q4 25
$64.5M
$50.2M
Q3 25
$61.9M
$36.1M
Q2 25
$60.6M
$38.7M
Q1 25
$56.9M
$48.2M
Q4 24
$57.5M
$36.9M
Q3 24
$55.9M
$40.4M
Q2 24
$54.0M
$44.8M
Q1 24
$53.0M
$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
CODA
CODA
IRD
IRD
Operating Cash FlowLast quarter
$2.9M
$-35.3M
Free Cash FlowOCF − Capex
$2.5M
FCF MarginFCF / Revenue
34.9%
Capex IntensityCapex / Revenue
5.0%
Cash ConversionOCF / Net Profit
2.83×
TTM Free Cash FlowTrailing 4 quarters
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CODA
CODA
IRD
IRD
Q4 25
$2.9M
$-35.3M
Q3 25
$2.2M
$-6.2M
Q2 25
$1.5M
$-10.3M
Q1 25
$641.5K
$-9.0M
Q4 24
$2.0M
$-25.6M
Q3 24
$1.7M
$-5.1M
Q2 24
$-955.8K
$-7.3M
Q1 24
$-298.0K
$-5.7M
Free Cash Flow
CODA
CODA
IRD
IRD
Q4 25
$2.5M
Q3 25
$1.6M
Q2 25
$1.4M
Q1 25
$513.4K
Q4 24
$1.9M
Q3 24
$1.5M
Q2 24
$-1.1M
Q1 24
$-433.6K
FCF Margin
CODA
CODA
IRD
IRD
Q4 25
34.9%
Q3 25
22.6%
Q2 25
19.9%
Q1 25
9.9%
Q4 24
38.5%
Q3 24
28.2%
Q2 24
-20.9%
Q1 24
-9.7%
Capex Intensity
CODA
CODA
IRD
IRD
Q4 25
5.0%
Q3 25
8.6%
Q2 25
1.0%
Q1 25
2.5%
Q4 24
0.9%
Q3 24
3.0%
Q2 24
2.9%
Q1 24
3.0%
Cash Conversion
CODA
CODA
IRD
IRD
Q4 25
2.83×
Q3 25
1.72×
Q2 25
1.61×
Q1 25
0.70×
Q4 24
6.11×
Q3 24
1.34×
Q2 24
-0.68×
Q1 24
-0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CODA
CODA

Segment Reporting$3.1M42%
Transferred At Point In Time$1.8M24%
Precision Acoustics Limited$1.3M18%
Other$1.1M15%

IRD
IRD

Segment breakdown not available.

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