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Side-by-side financial comparison of INNEOVA Holdings Ltd (INEO) and IRONWOOD PHARMACEUTICALS INC (IRWD). Click either name above to swap in a different company.

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $30.8M, roughly 1.6× INNEOVA Holdings Ltd). INNEOVA Holdings Ltd runs the higher net margin — 0.8% vs -4.8%, a 5.6% gap on every dollar of revenue. IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-1.5M).

INEO vs IRWD — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.6× larger
IRWD
$47.7M
$30.8M
INEO
Higher net margin
INEO
INEO
5.6% more per $
INEO
0.8%
-4.8%
IRWD
More free cash flow
IRWD
IRWD
$76.1M more FCF
IRWD
$74.6M
$-1.5M
INEO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
INEO
INEO
IRWD
IRWD
Revenue
$30.8M
$47.7M
Net Profit
$243.0K
$-2.3M
Gross Margin
19.3%
Operating Margin
3.6%
14.3%
Net Margin
0.8%
-4.8%
Revenue YoY
-47.3%
Net Profit YoY
-200.9%
EPS (diluted)
$0.02
$0.01

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
INEO
INEO
IRWD
IRWD
Q4 25
$47.7M
Q3 25
$122.1M
Q2 25
$30.8M
$85.2M
Q1 25
$41.1M
Q4 24
$90.5M
Q3 24
$91.6M
Q2 24
$94.4M
Q1 24
$74.9M
Net Profit
INEO
INEO
IRWD
IRWD
Q4 25
$-2.3M
Q3 25
$40.1M
Q2 25
$243.0K
$23.6M
Q1 25
$-37.4M
Q4 24
$2.3M
Q3 24
$3.6M
Q2 24
$-860.0K
Q1 24
$-4.2M
Gross Margin
INEO
INEO
IRWD
IRWD
Q4 25
Q3 25
Q2 25
19.3%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
INEO
INEO
IRWD
IRWD
Q4 25
14.3%
Q3 25
61.8%
Q2 25
3.6%
53.2%
Q1 25
-70.7%
Q4 24
34.8%
Q3 24
28.0%
Q2 24
26.5%
Q1 24
14.7%
Net Margin
INEO
INEO
IRWD
IRWD
Q4 25
-4.8%
Q3 25
32.8%
Q2 25
0.8%
27.7%
Q1 25
-90.9%
Q4 24
2.5%
Q3 24
4.0%
Q2 24
-0.9%
Q1 24
-5.6%
EPS (diluted)
INEO
INEO
IRWD
IRWD
Q4 25
$0.01
Q3 25
$0.23
Q2 25
$0.02
$0.14
Q1 25
$-0.23
Q4 24
$0.03
Q3 24
$0.02
Q2 24
$-0.01
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
INEO
INEO
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$2.1M
$215.5M
Total DebtLower is stronger
$2.9M
Stockholders' EquityBook value
$11.2M
$-261.8M
Total Assets
$52.6M
$396.9M
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INEO
INEO
IRWD
IRWD
Q4 25
$215.5M
Q3 25
$140.4M
Q2 25
$2.1M
$92.9M
Q1 25
$108.5M
Q4 24
$88.6M
Q3 24
$88.2M
Q2 24
$105.5M
Q1 24
$121.5M
Total Debt
INEO
INEO
IRWD
IRWD
Q4 25
Q3 25
$199.5M
Q2 25
$2.9M
$199.3M
Q1 25
$199.2M
Q4 24
$199.0M
Q3 24
$198.8M
Q2 24
$198.6M
Q1 24
$398.3M
Stockholders' Equity
INEO
INEO
IRWD
IRWD
Q4 25
$-261.8M
Q3 25
$-264.2M
Q2 25
$11.2M
$-308.2M
Q1 25
$-334.1M
Q4 24
$-301.3M
Q3 24
$-311.3M
Q2 24
$-321.7M
Q1 24
$-330.5M
Total Assets
INEO
INEO
IRWD
IRWD
Q4 25
$396.9M
Q3 25
$396.1M
Q2 25
$52.6M
$342.9M
Q1 25
$327.2M
Q4 24
$350.9M
Q3 24
$389.5M
Q2 24
$395.6M
Q1 24
$438.8M
Debt / Equity
INEO
INEO
IRWD
IRWD
Q4 25
Q3 25
Q2 25
0.26×
Q1 25
Q4 24
Q3 24
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
INEO
INEO
IRWD
IRWD
Operating Cash FlowLast quarter
$-301.0K
$74.6M
Free Cash FlowOCF − Capex
$-1.5M
$74.6M
FCF MarginFCF / Revenue
-4.8%
156.3%
Capex IntensityCapex / Revenue
3.8%
0.0%
Cash ConversionOCF / Net Profit
-1.24×
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INEO
INEO
IRWD
IRWD
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-301.0K
$-15.1M
Q1 25
$20.0M
Q4 24
$15.2M
Q3 24
$9.9M
Q2 24
$33.5M
Q1 24
$45.0M
Free Cash Flow
INEO
INEO
IRWD
IRWD
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-1.5M
$-15.1M
Q1 25
$19.9M
Q4 24
Q3 24
$9.9M
Q2 24
$33.4M
Q1 24
$44.9M
FCF Margin
INEO
INEO
IRWD
IRWD
Q4 25
156.3%
Q3 25
39.0%
Q2 25
-4.8%
-17.7%
Q1 25
48.4%
Q4 24
Q3 24
10.8%
Q2 24
35.4%
Q1 24
60.0%
Capex Intensity
INEO
INEO
IRWD
IRWD
Q4 25
0.0%
Q3 25
0.0%
Q2 25
3.8%
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
INEO
INEO
IRWD
IRWD
Q4 25
Q3 25
1.19×
Q2 25
-1.24×
-0.64×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
Q2 24
Q1 24

Financial Flow Comparison

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

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