vs
Side-by-side financial comparison of AMICUS THERAPEUTICS, INC. (FOLD) and IREN Ltd (IREN). Click either name above to swap in a different company.
AMICUS THERAPEUTICS, INC. is the larger business by last-quarter revenue ($185.2M vs $184.7M, roughly 1.0× IREN Ltd). AMICUS THERAPEUTICS, INC. runs the higher net margin — 0.9% vs -84.1%, a 85.1% gap on every dollar of revenue. On growth, IREN Ltd posted the faster year-over-year revenue change (59.0% vs 23.7%). AMICUS THERAPEUTICS, INC. produced more free cash flow last quarter ($16.0M vs $-468.0M).
Amicus Therapeutics, Inc. is a public American biopharmaceutical company based in Philadelphia, Pennsylvania. The company went public in 2007 under the Nasdaq trading symbol FOLD. This followed a 2006 planned offering and subsequent withdrawal, which would have established the trading symbol as AMTX Prior to their IPO, Amicus was funded by a variety of venture capital firms including Radius Ventures, Canaan Partners and New Enterprise Associates.
IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. It is strategically located in renewable-rich, fiber-connected regions across the US and Canada.
FOLD vs IREN — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $185.2M | $184.7M |
| Net Profit | $1.7M | $-155.4M |
| Gross Margin | 85.7% | 64.4% |
| Operating Margin | 8.6% | -63.0% |
| Net Margin | 0.9% | -84.1% |
| Revenue YoY | 23.7% | 59.0% |
| Net Profit YoY | -88.5% | -610.0% |
| EPS (diluted) | $0.00 | $-0.52 |
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.
| Q4 25 | $185.2M | $184.7M | ||
| Q3 25 | $169.1M | $240.3M | ||
| Q2 25 | $154.7M | — | ||
| Q1 25 | $125.2M | — | ||
| Q4 24 | $149.7M | $116.1M | ||
| Q3 24 | $141.5M | $52.8M | ||
| Q2 24 | $126.7M | — | ||
| Q1 24 | $110.4M | $54.3M |
| Q4 25 | $1.7M | $-155.4M | ||
| Q3 25 | $17.3M | $384.6M | ||
| Q2 25 | $-24.4M | — | ||
| Q1 25 | $-21.7M | — | ||
| Q4 24 | $14.7M | $-21.9M | ||
| Q3 24 | $-6.7M | $-51.7M | ||
| Q2 24 | $-15.7M | — | ||
| Q1 24 | $-48.4M | $8.6M |
| Q4 25 | 85.7% | 64.4% | ||
| Q3 25 | 88.5% | 66.4% | ||
| Q2 25 | 90.2% | — | ||
| Q1 25 | 90.7% | — | ||
| Q4 24 | 90.1% | 72.2% | ||
| Q3 24 | 90.6% | 39.6% | ||
| Q2 24 | 91.1% | — | ||
| Q1 24 | 87.7% | — |
| Q4 25 | 8.6% | -63.0% | ||
| Q3 25 | 20.3% | -31.8% | ||
| Q2 25 | -6.1% | — | ||
| Q1 25 | -6.3% | — | ||
| Q4 24 | 10.7% | 14.9% | ||
| Q3 24 | 15.3% | -89.2% | ||
| Q2 24 | 11.8% | — | ||
| Q1 24 | -25.1% | 11.1% |
| Q4 25 | 0.9% | -84.1% | ||
| Q3 25 | 10.2% | 160.1% | ||
| Q2 25 | -15.8% | — | ||
| Q1 25 | -17.3% | — | ||
| Q4 24 | 9.8% | -18.8% | ||
| Q3 24 | -4.8% | -98.0% | ||
| Q2 24 | -12.4% | — | ||
| Q1 24 | -43.9% | 15.9% |
| Q4 25 | $0.00 | $-0.52 | ||
| Q3 25 | $0.06 | $1.08 | ||
| Q2 25 | $-0.08 | — | ||
| Q1 25 | $-0.07 | — | ||
| Q4 24 | $0.05 | $-0.10 | ||
| Q3 24 | $-0.02 | $-0.27 | ||
| Q2 24 | $-0.05 | — | ||
| Q1 24 | $-0.16 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $293.5M | $3.3B |
| Total DebtLower is stronger | $392.7M | — |
| Stockholders' EquityBook value | $274.2M | $2.5B |
| Total Assets | $949.9M | $7.0B |
| Debt / EquityLower = less leverage | 1.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $293.5M | $3.3B | ||
| Q3 25 | $263.8M | $1.0B | ||
| Q2 25 | $231.0M | — | ||
| Q1 25 | $250.6M | — | ||
| Q4 24 | $249.9M | $427.3M | ||
| Q3 24 | $249.8M | $98.6M | ||
| Q2 24 | $260.1M | — | ||
| Q1 24 | $239.6M | $259.7M |
| Q4 25 | $392.7M | — | ||
| Q3 25 | $392.0M | — | ||
| Q2 25 | $391.3M | — | ||
| Q1 25 | $390.7M | — | ||
| Q4 24 | $390.1M | — | ||
| Q3 24 | $389.5M | — | ||
| Q2 24 | $388.9M | — | ||
| Q1 24 | $388.4M | — |
| Q4 25 | $274.2M | $2.5B | ||
| Q3 25 | $230.4M | $2.9B | ||
| Q2 25 | $204.3M | — | ||
| Q1 25 | $193.6M | — | ||
| Q4 24 | $194.0M | $1.2B | ||
| Q3 24 | $178.8M | $1.1B | ||
| Q2 24 | $132.5M | — | ||
| Q1 24 | $130.7M | $677.2M |
| Q4 25 | $949.9M | $7.0B | ||
| Q3 25 | $868.8M | $4.3B | ||
| Q2 25 | $815.3M | — | ||
| Q1 25 | $789.8M | — | ||
| Q4 24 | $785.0M | $1.9B | ||
| Q3 24 | $786.6M | $1.3B | ||
| Q2 24 | $749.5M | — | ||
| Q1 24 | $721.8M | $723.6M |
| Q4 25 | 1.43× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 2.02× | — | ||
| Q4 24 | 2.01× | — | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.93× | — | ||
| Q1 24 | 2.97× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $16.3M | $71.7M |
| Free Cash FlowOCF − Capex | $16.0M | $-468.0M |
| FCF MarginFCF / Revenue | 8.6% | -253.4% |
| Capex IntensityCapex / Revenue | 0.2% | 292.2% |
| Cash ConversionOCF / Net Profit | 9.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | $29.8M | $-701.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.3M | $71.7M | ||
| Q3 25 | $35.7M | $142.4M | ||
| Q2 25 | $-26.5M | — | ||
| Q1 25 | $7.8M | — | ||
| Q4 24 | $-3.9M | $53.6M | ||
| Q3 24 | $-23.0M | $-3.9M | ||
| Q2 24 | $22.7M | — | ||
| Q1 24 | $-29.7M | $-27.1M |
| Q4 25 | $16.0M | $-468.0M | ||
| Q3 25 | $35.3M | $-38.0M | ||
| Q2 25 | $-28.9M | — | ||
| Q1 25 | $7.5M | — | ||
| Q4 24 | $-4.2M | $-85.5M | ||
| Q3 24 | $-23.3M | $-109.7M | ||
| Q2 24 | $21.6M | — | ||
| Q1 24 | $-31.5M | $-108.3M |
| Q4 25 | 8.6% | -253.4% | ||
| Q3 25 | 20.9% | -15.8% | ||
| Q2 25 | -18.7% | — | ||
| Q1 25 | 6.0% | — | ||
| Q4 24 | -2.8% | -73.6% | ||
| Q3 24 | -16.5% | -208.0% | ||
| Q2 24 | 17.0% | — | ||
| Q1 24 | -28.5% | -199.4% |
| Q4 25 | 0.2% | 292.2% | ||
| Q3 25 | 0.2% | 75.0% | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.2% | 119.7% | ||
| Q3 24 | 0.3% | 200.6% | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 1.6% | 149.5% |
| Q4 25 | 9.62× | — | ||
| Q3 25 | 2.06× | 0.37× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.27× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -3.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOLD
| Other | $105.8M | 57% |
| Galafold | $64.8M | 35% |
| Pombiliti Opfolda | $14.6M | 8% |
IREN
| Bitcoin Mining Revenue | $167.4M | 91% |
| AI Cloud Services | $17.3M | 9% |
