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Side-by-side financial comparison of Opus Genetics, Inc. (IRD) and REED'S, INC. (REED). Click either name above to swap in a different company.
REED'S, INC. is the larger business by last-quarter revenue ($7.5M vs $3.9M, roughly 1.9× Opus Genetics, Inc.). On growth, Opus Genetics, Inc. posted the faster year-over-year revenue change (-10.2% vs -23.1%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs -11.7%).
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.
Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.
IRD vs REED — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.9M | $7.5M |
| Net Profit | — | $-3.8M |
| Gross Margin | — | 20.4% |
| Operating Margin | — | -46.9% |
| Net Margin | — | -50.5% |
| Revenue YoY | -10.2% | -23.1% |
| Net Profit YoY | 53.0% | 8.2% |
| EPS (diluted) | — | $-1.26 |
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.
| Q4 25 | $3.9M | $7.5M | ||
| Q3 25 | $3.1M | $7.0M | ||
| Q2 25 | $2.9M | $9.5M | ||
| Q1 25 | $4.4M | $10.0M | ||
| Q4 24 | $4.3M | $9.7M | ||
| Q3 24 | $3.9M | $6.8M | ||
| Q2 24 | $1.1M | $11.9M | ||
| Q1 24 | $1.7M | $9.6M |
| Q4 25 | — | $-3.8M | ||
| Q3 25 | $-17.5M | $-4.0M | ||
| Q2 25 | $-7.4M | $-6.0M | ||
| Q1 25 | $-8.2M | $-2.0M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $-7.5M | $-4.2M | ||
| Q2 24 | $-7.8M | $-3.2M | ||
| Q1 24 | $-7.1M | $-1.7M |
| Q4 25 | — | 20.4% | ||
| Q3 25 | — | 17.4% | ||
| Q2 25 | — | 8.5% | ||
| Q1 25 | — | 33.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 18.0% | ||
| Q2 24 | — | 32.3% | ||
| Q1 24 | — | 35.6% |
| Q4 25 | — | -46.9% | ||
| Q3 25 | -269.9% | -58.3% | ||
| Q2 25 | -309.0% | -60.8% | ||
| Q1 25 | -227.2% | -17.4% | ||
| Q4 24 | — | -37.6% | ||
| Q3 24 | -207.1% | -46.5% | ||
| Q2 24 | -748.9% | -5.6% | ||
| Q1 24 | -450.5% | -6.8% |
| Q4 25 | — | -50.5% | ||
| Q3 25 | -566.9% | -56.6% | ||
| Q2 25 | -257.5% | -63.5% | ||
| Q1 25 | -187.5% | -20.3% | ||
| Q4 24 | — | -42.3% | ||
| Q3 24 | -194.6% | -61.5% | ||
| Q2 24 | -698.3% | -27.1% | ||
| Q1 24 | -415.3% | -17.4% |
| Q4 25 | — | $-1.26 | ||
| Q3 25 | $-0.25 | $-0.48 | ||
| Q2 25 | $-0.12 | $-0.13 | ||
| Q1 25 | $-0.24 | $-0.04 | ||
| Q4 24 | — | $-3.73 | ||
| Q3 24 | $-0.29 | $-4.91 | ||
| Q2 24 | $-0.30 | $-0.77 | ||
| Q1 24 | $-0.29 | $-0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $45.1M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.3M | $9.2M |
| Total Assets | $50.2M | $23.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | — | ||
| Q3 25 | $30.8M | — | ||
| Q2 25 | $32.4M | — | ||
| Q1 25 | $41.8M | — | ||
| Q4 24 | $30.3M | — | ||
| Q3 24 | $36.6M | — | ||
| Q2 24 | $41.4M | — | ||
| Q1 24 | $47.2M | — |
| Q4 25 | $15.3M | $9.2M | ||
| Q3 25 | $6.0M | $2.8M | ||
| Q2 25 | $17.5M | $1.7M | ||
| Q1 25 | $5.1M | $4.7M | ||
| Q4 24 | $6.7M | $6.6M | ||
| Q3 24 | $34.3M | $-22.0M | ||
| Q2 24 | $40.6M | $-23.8M | ||
| Q1 24 | $46.1M | $-20.7M |
| Q4 25 | $50.2M | $23.3M | ||
| Q3 25 | $36.1M | $19.9M | ||
| Q2 25 | $38.7M | $23.7M | ||
| Q1 25 | $48.2M | $24.5M | ||
| Q4 24 | $36.9M | $25.1M | ||
| Q3 24 | $40.4M | $15.0M | ||
| Q2 24 | $44.8M | $18.7M | ||
| Q1 24 | $51.8M | $19.3M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-35.3M | $-3.8M |
| Free Cash FlowOCF − Capex | — | $-3.9M |
| FCF MarginFCF / Revenue | — | -52.0% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-17.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-35.3M | $-3.8M | ||
| Q3 25 | $-6.2M | $-2.8M | ||
| Q2 25 | $-10.3M | $-5.0M | ||
| Q1 25 | $-9.0M | $-5.4M | ||
| Q4 24 | $-25.6M | $-3.9M | ||
| Q3 24 | $-5.1M | $1.1M | ||
| Q2 24 | $-7.3M | $-912.0K | ||
| Q1 24 | $-5.7M | $-2.4M |
| Q4 25 | — | $-3.9M | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | $-5.1M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $1.0M | ||
| Q2 24 | — | $-924.0K | ||
| Q1 24 | — | $-2.4M |
| Q4 25 | — | -52.0% | ||
| Q3 25 | — | -41.5% | ||
| Q2 25 | — | -53.2% | ||
| Q1 25 | — | -54.2% | ||
| Q4 24 | — | -40.8% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | -7.8% | ||
| Q1 24 | — | -25.1% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.2% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
