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

CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $3.9M, roughly 1.1× Opus Genetics, Inc.). On growth, Opus Genetics, Inc. posted the faster year-over-year revenue change (-10.2% vs -52.5%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs -57.6%).

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

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.

CWD vs IRD — Head-to-Head

Bigger by revenue
CWD
CWD
1.1× larger
CWD
$4.1M
$3.9M
IRD
Growing faster (revenue YoY)
IRD
IRD
+42.3% gap
IRD
-10.2%
-52.5%
CWD
Faster 2-yr revenue CAGR
IRD
IRD
Annualised
IRD
50.3%
-57.6%
CWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CWD
CWD
IRD
IRD
Revenue
$4.1M
$3.9M
Net Profit
$-7.7M
Gross Margin
Operating Margin
-196.6%
Net Margin
-188.3%
Revenue YoY
-52.5%
-10.2%
Net Profit YoY
32.2%
53.0%
EPS (diluted)
$1.95

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
CWD
CWD
IRD
IRD
Q4 25
$4.1M
$3.9M
Q3 25
$3.6M
$3.1M
Q2 25
$5.1M
$2.9M
Q1 25
$7.3M
$4.4M
Q4 24
$8.7M
$4.3M
Q3 24
$11.3M
$3.9M
Q2 24
$8.2M
$1.1M
Q1 24
$23.0M
$1.7M
Net Profit
CWD
CWD
IRD
IRD
Q4 25
$-7.7M
Q3 25
$-4.4M
$-17.5M
Q2 25
$-5.3M
$-7.4M
Q1 25
$-4.4M
$-8.2M
Q4 24
$-11.4M
Q3 24
$146.0K
$-7.5M
Q2 24
$-4.7M
$-7.8M
Q1 24
$-3.8M
$-7.1M
Operating Margin
CWD
CWD
IRD
IRD
Q4 25
-196.6%
Q3 25
-129.6%
-269.9%
Q2 25
-112.4%
-309.0%
Q1 25
-62.7%
-227.2%
Q4 24
-236.8%
Q3 24
0.0%
-207.1%
Q2 24
-65.0%
-748.9%
Q1 24
-22.9%
-450.5%
Net Margin
CWD
CWD
IRD
IRD
Q4 25
-188.3%
Q3 25
-120.2%
-566.9%
Q2 25
-104.5%
-257.5%
Q1 25
-60.7%
-187.5%
Q4 24
-247.6%
Q3 24
1.3%
-194.6%
Q2 24
-57.8%
-698.3%
Q1 24
-16.6%
-415.3%
EPS (diluted)
CWD
CWD
IRD
IRD
Q4 25
$1.95
Q3 25
$-1.65
$-0.25
Q2 25
$-4.15
$-0.12
Q1 25
$-3.85
$-0.24
Q4 24
$-10.15
Q3 24
$0.12
$-0.29
Q2 24
$-4.34
$-0.30
Q1 24
$-3.53
$-0.29

Balance Sheet & Financial Strength

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

Metric
CWD
CWD
IRD
IRD
Cash + ST InvestmentsLiquidity on hand
$2.9M
$45.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3M
$15.3M
Total Assets
$135.4M
$50.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWD
CWD
IRD
IRD
Q4 25
$2.9M
$45.1M
Q3 25
$10.9M
$30.8M
Q2 25
$683.0K
$32.4M
Q1 25
$1.6M
$41.8M
Q4 24
$2.3M
$30.3M
Q3 24
$1.6M
$36.6M
Q2 24
$1.8M
$41.4M
Q1 24
$2.1M
$47.2M
Stockholders' Equity
CWD
CWD
IRD
IRD
Q4 25
$1.3M
$15.3M
Q3 25
$4.2M
$6.0M
Q2 25
$-19.9M
$17.5M
Q1 25
$-15.8M
$5.1M
Q4 24
$-12.6M
$6.7M
Q3 24
$-3.8M
$34.3M
Q2 24
$-4.7M
$40.6M
Q1 24
$-745.0K
$46.1M
Total Assets
CWD
CWD
IRD
IRD
Q4 25
$135.4M
$50.2M
Q3 25
$82.6M
$36.1M
Q2 25
$59.3M
$38.7M
Q1 25
$103.6M
$48.2M
Q4 24
$105.5M
$36.9M
Q3 24
$158.6M
$40.4M
Q2 24
$195.2M
$44.8M
Q1 24
$201.5M
$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
CWD
CWD
IRD
IRD
Operating Cash FlowLast quarter
$-12.1M
$-35.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWD
CWD
IRD
IRD
Q4 25
$-12.1M
$-35.3M
Q3 25
$-4.6M
$-6.2M
Q2 25
$-1.2M
$-10.3M
Q1 25
$-1.7M
$-9.0M
Q4 24
$555.0K
$-25.6M
Q3 24
$-74.0K
$-5.1M
Q2 24
$1.4M
$-7.3M
Q1 24
$-1.5M
$-5.7M
Cash Conversion
CWD
CWD
IRD
IRD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24

Financial Flow Comparison

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

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