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Side-by-side financial comparison of Opus Genetics, Inc. (IRD) and Solid Power, Inc. (SLDP). Click either name above to swap in a different company.
Opus Genetics, Inc. is the larger business by last-quarter revenue ($3.9M vs $3.6M, roughly 1.1× Solid Power, Inc.). On growth, Opus Genetics, Inc. posted the faster year-over-year revenue change (-10.2% vs -18.6%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs -21.9%).
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.
Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.
IRD vs SLDP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.9M | $3.6M |
| Net Profit | — | — |
| Gross Margin | — | — |
| Operating Margin | — | -730.1% |
| Net Margin | — | — |
| Revenue YoY | -10.2% | -18.6% |
| Net Profit YoY | 53.0% | — |
| EPS (diluted) | — | $-0.15 |
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 | $3.6M | ||
| Q3 25 | $3.1M | $3.7M | ||
| Q2 25 | $2.9M | $6.5M | ||
| Q1 25 | $4.4M | $6.0M | ||
| Q4 24 | $4.3M | $4.5M | ||
| Q3 24 | $3.9M | $4.7M | ||
| Q2 24 | $1.1M | $5.1M | ||
| Q1 24 | $1.7M | $6.0M |
| Q4 25 | — | — | ||
| Q3 25 | $-17.5M | $-25.9M | ||
| Q2 25 | $-7.4M | $-25.3M | ||
| Q1 25 | $-8.2M | $-15.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-7.5M | $-22.4M | ||
| Q2 24 | $-7.8M | $-22.3M | ||
| Q1 24 | $-7.1M | $-21.2M |
| Q4 25 | — | -730.1% | ||
| Q3 25 | -269.9% | -654.4% | ||
| Q2 25 | -309.0% | -398.9% | ||
| Q1 25 | -227.2% | -399.4% | ||
| Q4 24 | — | -561.1% | ||
| Q3 24 | -207.1% | -593.2% | ||
| Q2 24 | -748.9% | -530.8% | ||
| Q1 24 | -450.5% | -433.1% |
| Q4 25 | — | — | ||
| Q3 25 | -566.9% | -693.1% | ||
| Q2 25 | -257.5% | -390.7% | ||
| Q1 25 | -187.5% | -251.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | -194.6% | -482.0% | ||
| Q2 24 | -698.3% | -438.9% | ||
| Q1 24 | -415.3% | -356.2% |
| Q4 25 | — | $-0.15 | ||
| Q3 25 | $-0.25 | $-0.14 | ||
| Q2 25 | $-0.12 | $-0.14 | ||
| Q1 25 | $-0.24 | $-0.08 | ||
| Q4 24 | — | $-0.16 | ||
| Q3 24 | $-0.29 | $-0.13 | ||
| Q2 24 | $-0.30 | $-0.13 | ||
| Q1 24 | $-0.29 | $-0.12 |
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 | $250.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.3M | $415.7M |
| Total Assets | $50.2M | $455.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | $250.8M | ||
| Q3 25 | $30.8M | $251.2M | ||
| Q2 25 | $32.4M | $230.9M | ||
| Q1 25 | $41.8M | $240.9M | ||
| Q4 24 | $30.3M | $118.2M | ||
| Q3 24 | $36.6M | $132.0M | ||
| Q2 24 | $41.4M | $140.5M | ||
| Q1 24 | $47.2M | $146.6M |
| Q4 25 | $15.3M | $415.7M | ||
| Q3 25 | $6.0M | $381.2M | ||
| Q2 25 | $17.5M | $370.6M | ||
| Q1 25 | $5.1M | $397.1M | ||
| Q4 24 | $6.7M | $410.3M | ||
| Q3 24 | $34.3M | $439.4M | ||
| Q2 24 | $40.6M | $456.8M | ||
| Q1 24 | $46.1M | $479.4M |
| Q4 25 | $50.2M | $455.1M | ||
| Q3 25 | $36.1M | $416.1M | ||
| Q2 25 | $38.7M | $398.0M | ||
| Q1 25 | $48.2M | $419.4M | ||
| Q4 24 | $36.9M | $448.3M | ||
| Q3 24 | $40.4M | $470.9M | ||
| Q2 24 | $44.8M | $492.6M | ||
| Q1 24 | $51.8M | $516.2M |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-23.0M |
| FCF MarginFCF / Revenue | — | -633.0% |
| Capex IntensityCapex / Revenue | — | 126.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-83.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-35.3M | $-18.4M | ||
| Q3 25 | $-6.2M | $-14.3M | ||
| Q2 25 | $-10.3M | $-14.4M | ||
| Q1 25 | $-9.0M | $-26.3M | ||
| Q4 24 | $-25.6M | $-13.9M | ||
| Q3 24 | $-5.1M | $-9.9M | ||
| Q2 24 | $-7.3M | $-11.1M | ||
| Q1 24 | $-5.7M | $-29.1M |
| Q4 25 | — | $-23.0M | ||
| Q3 25 | — | $-14.8M | ||
| Q2 25 | — | $-17.1M | ||
| Q1 25 | — | $-28.6M | ||
| Q4 24 | — | $-18.6M | ||
| Q3 24 | — | $-12.6M | ||
| Q2 24 | — | $-15.5M | ||
| Q1 24 | — | $-33.1M |
| Q4 25 | — | -633.0% | ||
| Q3 25 | — | -397.6% | ||
| Q2 25 | — | -264.2% | ||
| Q1 25 | — | -476.1% | ||
| Q4 24 | — | -416.5% | ||
| Q3 24 | — | -271.5% | ||
| Q2 24 | — | -305.8% | ||
| Q1 24 | — | -556.3% |
| Q4 25 | — | 126.5% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | 41.5% | ||
| Q1 25 | — | 39.1% | ||
| Q4 24 | — | 105.5% | ||
| Q3 24 | — | 59.7% | ||
| Q2 24 | — | 86.8% | ||
| Q1 24 | — | 68.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
