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Side-by-side financial comparison of Opus Genetics, Inc. (IRD) and RAVE RESTAURANT GROUP, INC. (RAVE). 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× RAVE RESTAURANT GROUP, INC.). On growth, RAVE RESTAURANT GROUP, INC. posted the faster year-over-year revenue change (6.0% vs -10.2%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs 1.3%).

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.

RAVE Restaurant Group, Inc. is a U.S.-headquartered restaurant franchising and operation enterprise, owning well-known casual dining brands including Pizza Inn and Pie Five Pizza. It offers pizza, pasta, salads and supporting menu items, primarily operates in the North American market with both company-owned and franchised outlets, targeting consumers looking for affordable, family-friendly casual meal options.

IRD vs RAVE — Head-to-Head

Bigger by revenue
IRD
IRD
1.3× larger
IRD
$3.9M
$3.0M
RAVE
Growing faster (revenue YoY)
RAVE
RAVE
+16.2% gap
RAVE
6.0%
-10.2%
IRD
Faster 2-yr revenue CAGR
IRD
IRD
Annualised
IRD
50.3%
1.3%
RAVE

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
IRD
IRD
RAVE
RAVE
Revenue
$3.9M
$3.0M
Net Profit
$637.0K
Gross Margin
Operating Margin
24.4%
Net Margin
20.9%
Revenue YoY
-10.2%
6.0%
Net Profit YoY
53.0%
4.9%
EPS (diluted)
$0.04

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
RAVE
RAVE
Q4 25
$3.9M
$3.0M
Q3 25
$3.1M
$3.2M
Q2 25
$2.9M
$3.2M
Q1 25
$4.4M
$3.0M
Q4 24
$4.3M
$2.9M
Q3 24
$3.9M
$3.0M
Q2 24
$1.1M
$3.4M
Q1 24
$1.7M
$3.0M
Net Profit
IRD
IRD
RAVE
RAVE
Q4 25
$637.0K
Q3 25
$-17.5M
$645.0K
Q2 25
$-7.4M
$847.0K
Q1 25
$-8.2M
$722.0K
Q4 24
$607.0K
Q3 24
$-7.5M
$526.0K
Q2 24
$-7.8M
$880.0K
Q1 24
$-7.1M
$654.0K
Operating Margin
IRD
IRD
RAVE
RAVE
Q4 25
24.4%
Q3 25
-269.9%
23.4%
Q2 25
-309.0%
38.8%
Q1 25
-227.2%
32.0%
Q4 24
23.1%
Q3 24
-207.1%
20.0%
Q2 24
-748.9%
35.2%
Q1 24
-450.5%
28.8%
Net Margin
IRD
IRD
RAVE
RAVE
Q4 25
20.9%
Q3 25
-566.9%
20.1%
Q2 25
-257.5%
26.9%
Q1 25
-187.5%
24.3%
Q4 24
21.2%
Q3 24
-194.6%
17.2%
Q2 24
-698.3%
26.2%
Q1 24
-415.3%
22.1%
EPS (diluted)
IRD
IRD
RAVE
RAVE
Q4 25
$0.04
Q3 25
$-0.25
$0.05
Q2 25
$-0.12
$0.06
Q1 25
$-0.24
$0.05
Q4 24
$0.04
Q3 24
$-0.29
$0.04
Q2 24
$-0.30
$0.06
Q1 24
$-0.29
$0.04

Balance Sheet & Financial Strength

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

Metric
IRD
IRD
RAVE
RAVE
Cash + ST InvestmentsLiquidity on hand
$45.1M
$10.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.3M
$15.5M
Total Assets
$50.2M
$17.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRD
IRD
RAVE
RAVE
Q4 25
$45.1M
$10.9M
Q3 25
$30.8M
$10.6M
Q2 25
$32.4M
$9.9M
Q1 25
$41.8M
$8.7M
Q4 24
$30.3M
$8.9M
Q3 24
$36.6M
$8.4M
Q2 24
$41.4M
$7.8M
Q1 24
$47.2M
$6.3M
Stockholders' Equity
IRD
IRD
RAVE
RAVE
Q4 25
$15.3M
$15.5M
Q3 25
$6.0M
$14.8M
Q2 25
$17.5M
$14.2M
Q1 25
$5.1M
$13.3M
Q4 24
$6.7M
$13.8M
Q3 24
$34.3M
$13.3M
Q2 24
$40.6M
$12.7M
Q1 24
$46.1M
$11.8M
Total Assets
IRD
IRD
RAVE
RAVE
Q4 25
$50.2M
$17.5M
Q3 25
$36.1M
$17.0M
Q2 25
$38.7M
$16.6M
Q1 25
$48.2M
$15.7M
Q4 24
$36.9M
$16.1M
Q3 24
$40.4M
$16.3M
Q2 24
$44.8M
$15.8M
Q1 24
$51.8M
$15.0M

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
RAVE
RAVE
Operating Cash FlowLast quarter
$-35.3M
$306.0K
Free Cash FlowOCF − Capex
$297.0K
FCF MarginFCF / Revenue
9.8%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.48×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRD
IRD
RAVE
RAVE
Q4 25
$-35.3M
$306.0K
Q3 25
$-6.2M
$608.0K
Q2 25
$-10.3M
$1.2M
Q1 25
$-9.0M
$927.0K
Q4 24
$-25.6M
$711.0K
Q3 24
$-5.1M
$530.0K
Q2 24
$-7.3M
$1.5M
Q1 24
$-5.7M
$1.0M
Free Cash Flow
IRD
IRD
RAVE
RAVE
Q4 25
$297.0K
Q3 25
$600.0K
Q2 25
$1.2M
Q1 25
Q4 24
$667.0K
Q3 24
Q2 24
$1.5M
Q1 24
$996.0K
FCF Margin
IRD
IRD
RAVE
RAVE
Q4 25
9.8%
Q3 25
18.7%
Q2 25
38.5%
Q1 25
Q4 24
23.2%
Q3 24
Q2 24
44.9%
Q1 24
33.6%
Capex Intensity
IRD
IRD
RAVE
RAVE
Q4 25
0.3%
Q3 25
0.2%
Q2 25
0.4%
Q1 25
0.0%
Q4 24
1.5%
Q3 24
0.0%
Q2 24
0.2%
Q1 24
1.0%
Cash Conversion
IRD
IRD
RAVE
RAVE
Q4 25
0.48×
Q3 25
0.94×
Q2 25
1.45×
Q1 25
1.28×
Q4 24
1.17×
Q3 24
1.01×
Q2 24
1.72×
Q1 24
1.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRD
IRD

Segment breakdown not available.

RAVE
RAVE

Pizza Inn Franchising$2.8M92%
Other$235.0K8%

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