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

MacKenzie Realty Capital, Inc. is the larger business by last-quarter revenue ($4.6M vs $3.9M, roughly 1.2× Opus Genetics, Inc.). On growth, Opus Genetics, Inc. posted the faster year-over-year revenue change (-10.2% vs -42.8%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs 6.1%).

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.

MacKenzie Realty Capital, Inc. is a U.S.-based real estate investment firm focused on acquiring, owning, and managing a diversified portfolio of income-generating commercial and residential real estate assets. It targets properties in high-growth regional markets across the U.S. to deliver consistent long-term returns to its investors.

IRD vs MKZR — Head-to-Head

Bigger by revenue
MKZR
MKZR
1.2× larger
MKZR
$4.6M
$3.9M
IRD
Growing faster (revenue YoY)
IRD
IRD
+32.6% gap
IRD
-10.2%
-42.8%
MKZR
Faster 2-yr revenue CAGR
IRD
IRD
Annualised
IRD
50.3%
6.1%
MKZR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
IRD
IRD
MKZR
MKZR
Revenue
$3.9M
$4.6M
Net Profit
$-4.5M
Gross Margin
Operating Margin
-102.5%
Net Margin
-97.4%
Revenue YoY
-10.2%
-42.8%
Net Profit YoY
53.0%
-0.4%
EPS (diluted)
$-2.97

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
IRD
IRD
MKZR
MKZR
Q4 25
$3.9M
$4.6M
Q3 25
$3.1M
$4.5M
Q2 25
$2.9M
$4.8M
Q1 25
$4.4M
$4.3M
Q4 24
$4.3M
$8.0M
Q3 24
$3.9M
$5.0M
Q2 24
$1.1M
$4.5M
Q1 24
$1.7M
$4.1M
Net Profit
IRD
IRD
MKZR
MKZR
Q4 25
$-4.5M
Q3 25
$-17.5M
$-3.0M
Q2 25
$-7.4M
$-6.0M
Q1 25
$-8.2M
$-6.1M
Q4 24
$-4.5M
Q3 24
$-7.5M
$-7.4M
Q2 24
$-7.8M
$-2.5M
Q1 24
$-7.1M
$-2.9M
Operating Margin
IRD
IRD
MKZR
MKZR
Q4 25
-102.5%
Q3 25
-269.9%
-76.8%
Q2 25
-309.0%
-117.3%
Q1 25
-227.2%
-136.4%
Q4 24
-56.7%
Q3 24
-207.1%
-150.3%
Q2 24
-748.9%
-58.1%
Q1 24
-450.5%
-65.6%
Net Margin
IRD
IRD
MKZR
MKZR
Q4 25
-97.4%
Q3 25
-566.9%
-67.1%
Q2 25
-257.5%
-125.1%
Q1 25
-187.5%
-142.6%
Q4 24
-55.5%
Q3 24
-194.6%
-149.6%
Q2 24
-698.3%
-55.6%
Q1 24
-415.3%
-72.3%
EPS (diluted)
IRD
IRD
MKZR
MKZR
Q4 25
$-2.97
Q3 25
$-0.25
$-2.20
Q2 25
$-0.12
$-8.16
Q1 25
$-0.24
$-0.47
Q4 24
$-3.93
Q3 24
$-0.29
$-6.10
Q2 24
$-0.30
$-9.20
Q1 24
$-0.29
$-0.26

Balance Sheet & Financial Strength

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

Metric
IRD
IRD
MKZR
MKZR
Cash + ST InvestmentsLiquidity on hand
$45.1M
$4.3M
Total DebtLower is stronger
$145.6M
Stockholders' EquityBook value
$15.3M
$51.8M
Total Assets
$50.2M
$238.1M
Debt / EquityLower = less leverage
2.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRD
IRD
MKZR
MKZR
Q4 25
$45.1M
$4.3M
Q3 25
$30.8M
$4.9M
Q2 25
$32.4M
$3.6M
Q1 25
$41.8M
$5.1M
Q4 24
$30.3M
$6.5M
Q3 24
$36.6M
$10.7M
Q2 24
$41.4M
$11.9M
Q1 24
$47.2M
$15.5M
Total Debt
IRD
IRD
MKZR
MKZR
Q4 25
$145.6M
Q3 25
$142.7M
Q2 25
$135.3M
Q1 25
Q4 24
$14.7M
Q3 24
Q2 24
$117.3M
Q1 24
Stockholders' Equity
IRD
IRD
MKZR
MKZR
Q4 25
$15.3M
$51.8M
Q3 25
$6.0M
$56.7M
Q2 25
$17.5M
$59.9M
Q1 25
$5.1M
$66.7M
Q4 24
$6.7M
$68.3M
Q3 24
$34.3M
$73.4M
Q2 24
$40.6M
$82.4M
Q1 24
$46.1M
$86.3M
Total Assets
IRD
IRD
MKZR
MKZR
Q4 25
$50.2M
$238.1M
Q3 25
$36.1M
$241.7M
Q2 25
$38.7M
$236.0M
Q1 25
$48.2M
$237.1M
Q4 24
$36.9M
$236.4M
Q3 24
$40.4M
$243.5M
Q2 24
$44.8M
$233.1M
Q1 24
$51.8M
$226.1M
Debt / Equity
IRD
IRD
MKZR
MKZR
Q4 25
2.81×
Q3 25
2.52×
Q2 25
2.26×
Q1 25
Q4 24
0.22×
Q3 24
Q2 24
1.42×
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
IRD
IRD
MKZR
MKZR
Operating Cash FlowLast quarter
$-35.3M
$-1.6M
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
IRD
IRD
MKZR
MKZR
Q4 25
$-35.3M
$-1.6M
Q3 25
$-6.2M
$-2.0M
Q2 25
$-10.3M
$-1.7M
Q1 25
$-9.0M
$-2.6M
Q4 24
$-25.6M
$1.9M
Q3 24
$-5.1M
$644.4K
Q2 24
$-7.3M
$-595.5K
Q1 24
$-5.7M
$743.3K

Financial Flow Comparison

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

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