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

Opus Genetics, Inc. is the larger business by last-quarter revenue ($3.9M vs $3.0M, roughly 1.3× Great Elm Group, Inc.). On growth, Opus Genetics, Inc. posted the faster year-over-year revenue change (-10.2% vs -14.1%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs -4.6%).

Great Elm Group, Inc. is an alternative asset management firm that offers private credit products, real asset investment vehicles, and customized capital solutions for small and medium-sized enterprises. It primarily serves institutional investors and high-net-worth individuals across the North American market.

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.

GEG vs IRD — Head-to-Head

Bigger by revenue
IRD
IRD
1.3× larger
IRD
$3.9M
$3.0M
GEG
Growing faster (revenue YoY)
IRD
IRD
+4.0% gap
IRD
-10.2%
-14.1%
GEG
Faster 2-yr revenue CAGR
IRD
IRD
Annualised
IRD
50.3%
-4.6%
GEG

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
GEG
GEG
IRD
IRD
Revenue
$3.0M
$3.9M
Net Profit
$-16.5M
Gross Margin
99.5%
Operating Margin
-140.6%
Net Margin
-549.6%
Revenue YoY
-14.1%
-10.2%
Net Profit YoY
-1507.1%
53.0%
EPS (diluted)
$-0.50

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
GEG
GEG
IRD
IRD
Q4 25
$3.0M
$3.9M
Q3 25
$10.8M
$3.1M
Q2 25
$2.9M
Q1 25
$3.2M
$4.4M
Q4 24
$3.5M
$4.3M
Q3 24
$4.0M
$3.9M
Q2 24
$1.1M
Q1 24
$2.8M
$1.7M
Net Profit
GEG
GEG
IRD
IRD
Q4 25
$-16.5M
Q3 25
$-7.9M
$-17.5M
Q2 25
$-7.4M
Q1 25
$-4.5M
$-8.2M
Q4 24
$1.2M
Q3 24
$2.6M
$-7.5M
Q2 24
$-7.8M
Q1 24
$-3.1M
$-7.1M
Gross Margin
GEG
GEG
IRD
IRD
Q4 25
99.5%
Q3 25
37.4%
Q2 25
Q1 25
Q4 24
86.9%
Q3 24
84.1%
Q2 24
Q1 24
Operating Margin
GEG
GEG
IRD
IRD
Q4 25
-140.6%
Q3 25
-34.5%
-269.9%
Q2 25
-309.0%
Q1 25
-79.6%
-227.2%
Q4 24
-56.4%
Q3 24
-50.0%
-207.1%
Q2 24
-748.9%
Q1 24
-67.1%
-450.5%
Net Margin
GEG
GEG
IRD
IRD
Q4 25
-549.6%
Q3 25
-73.3%
-566.9%
Q2 25
-257.5%
Q1 25
-140.1%
-187.5%
Q4 24
33.5%
Q3 24
66.1%
-194.6%
Q2 24
-698.3%
Q1 24
-111.2%
-415.3%
EPS (diluted)
GEG
GEG
IRD
IRD
Q4 25
$-0.50
Q3 25
$-0.24
$-0.25
Q2 25
$-0.12
Q1 25
$-0.17
$-0.24
Q4 24
$0.04
Q3 24
$0.08
$-0.29
Q2 24
$-0.30
Q1 24
$-0.10
$-0.29

Balance Sheet & Financial Strength

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

Metric
GEG
GEG
IRD
IRD
Cash + ST InvestmentsLiquidity on hand
$51.2M
$45.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$55.8M
$15.3M
Total Assets
$135.5M
$50.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GEG
GEG
IRD
IRD
Q4 25
$51.2M
$45.1M
Q3 25
$53.5M
$30.8M
Q2 25
$32.4M
Q1 25
$31.5M
$41.8M
Q4 24
$44.3M
$30.3M
Q3 24
$44.1M
$36.6M
Q2 24
$41.4M
Q1 24
$44.1M
$47.2M
Stockholders' Equity
GEG
GEG
IRD
IRD
Q4 25
$55.8M
$15.3M
Q3 25
$73.8M
$6.0M
Q2 25
$17.5M
Q1 25
$57.2M
$5.1M
Q4 24
$62.3M
$6.7M
Q3 24
$63.9M
$34.3M
Q2 24
$40.6M
Q1 24
$65.0M
$46.1M
Total Assets
GEG
GEG
IRD
IRD
Q4 25
$135.5M
$50.2M
Q3 25
$155.0M
$36.1M
Q2 25
$38.7M
Q1 25
$137.2M
$48.2M
Q4 24
$138.5M
$36.9M
Q3 24
$137.3M
$40.4M
Q2 24
$44.8M
Q1 24
$148.4M
$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
GEG
GEG
IRD
IRD
Operating Cash FlowLast quarter
$-1.9M
$-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
GEG
GEG
IRD
IRD
Q4 25
$-1.9M
$-35.3M
Q3 25
$3.8M
$-6.2M
Q2 25
$-10.3M
Q1 25
$-1.3M
$-9.0M
Q4 24
$-4.0M
$-25.6M
Q3 24
$-5.8M
$-5.1M
Q2 24
$-7.3M
Q1 24
$1.4M
$-5.7M
Cash Conversion
GEG
GEG
IRD
IRD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-3.44×
Q3 24
-2.19×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GEG
GEG

Management Service Base$1.8M60%
Other$1.2M40%

IRD
IRD

Segment breakdown not available.

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