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

Opus Genetics, Inc. is the larger business by last-quarter revenue ($3.9M vs $2.1M, roughly 1.9× Pony AI Inc.).

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.

Pony Canyon Inc. , also known by the shorthand form Ponican , is a Japanese company, established on October 1, 1966, which distributes music, films, home video, and video games. It is affiliated with the Japanese media group Fujisankei Communications Group. Pony Canyon is a major leader in the music industry in Japan, with its artists regularly at the top of the Japanese charts. Pony Canyon is also responsible for releasing taped concerts from its artists as well as many anime productions and...

IRD vs PONY — Head-to-Head

Bigger by revenue
IRD
IRD
1.9× larger
IRD
$3.9M
$2.1M
PONY

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IRD
IRD
PONY
PONY
Revenue
$3.9M
$2.1M
Net Profit
$-5.9M
Gross Margin
9.2%
Operating Margin
-275.3%
Net Margin
-284.8%
Revenue YoY
-10.2%
Net Profit YoY
53.0%
EPS (diluted)
$-3.51

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
PONY
PONY
Q4 25
$3.9M
Q3 25
$3.1M
$2.1M
Q2 25
$2.9M
$1.7M
Q1 25
$4.4M
$1.9M
Q4 24
$4.3M
Q3 24
$3.9M
Q2 24
$1.1M
Q1 24
$1.7M
Net Profit
IRD
IRD
PONY
PONY
Q4 25
Q3 25
$-17.5M
$-5.9M
Q2 25
$-7.4M
$-4.3M
Q1 25
$-8.2M
$-5.2M
Q4 24
Q3 24
$-7.5M
Q2 24
$-7.8M
Q1 24
$-7.1M
Gross Margin
IRD
IRD
PONY
PONY
Q4 25
Q3 25
9.2%
Q2 25
Q1 25
16.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
IRD
IRD
PONY
PONY
Q4 25
Q3 25
-269.9%
-275.3%
Q2 25
-309.0%
-303.4%
Q1 25
-227.2%
-400.9%
Q4 24
Q3 24
-207.1%
Q2 24
-748.9%
Q1 24
-450.5%
Net Margin
IRD
IRD
PONY
PONY
Q4 25
Q3 25
-566.9%
-284.8%
Q2 25
-257.5%
-253.7%
Q1 25
-187.5%
-267.4%
Q4 24
Q3 24
-194.6%
Q2 24
-698.3%
Q1 24
-415.3%
EPS (diluted)
IRD
IRD
PONY
PONY
Q4 25
Q3 25
$-0.25
$-3.51
Q2 25
$-0.12
$-0.92
Q1 25
$-0.24
$-0.12
Q4 24
Q3 24
$-0.29
Q2 24
$-0.30
Q1 24
$-0.29

Balance Sheet & Financial Strength

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

Metric
IRD
IRD
PONY
PONY
Cash + ST InvestmentsLiquidity on hand
$45.1M
$62.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.3M
$114.1M
Total Assets
$50.2M
$126.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRD
IRD
PONY
PONY
Q4 25
$45.1M
Q3 25
$30.8M
$62.5M
Q2 25
$32.4M
$84.9M
Q1 25
$41.8M
$86.8M
Q4 24
$30.3M
Q3 24
$36.6M
Q2 24
$41.4M
Q1 24
$47.2M
Stockholders' Equity
IRD
IRD
PONY
PONY
Q4 25
$15.3M
Q3 25
$6.0M
$114.1M
Q2 25
$17.5M
$120.6M
Q1 25
$5.1M
$126.4M
Q4 24
$6.7M
Q3 24
$34.3M
Q2 24
$40.6M
Q1 24
$46.1M
Total Assets
IRD
IRD
PONY
PONY
Q4 25
$50.2M
Q3 25
$36.1M
$126.5M
Q2 25
$38.7M
$138.3M
Q1 25
$48.2M
$134.0M
Q4 24
$36.9M
Q3 24
$40.4M
Q2 24
$44.8M
Q1 24
$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
IRD
IRD
PONY
PONY
Operating Cash FlowLast quarter
$-35.3M
$-2.9M
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
PONY
PONY
Q4 25
$-35.3M
Q3 25
$-6.2M
$-2.9M
Q2 25
$-10.3M
$-2.5M
Q1 25
$-9.0M
$-7.5M
Q4 24
$-25.6M
Q3 24
$-5.1M
Q2 24
$-7.3M
Q1 24
$-5.7M

Financial Flow Comparison

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

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