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Side-by-side financial comparison of Opus Genetics, Inc. (IRD) and Seritage Growth Properties (SRG). Click either name above to swap in a different company.

Seritage Growth Properties is the larger business by last-quarter revenue ($4.2M vs $3.9M, roughly 1.1× Opus Genetics, Inc.). On growth, Seritage Growth Properties posted the faster year-over-year revenue change (-4.9% vs -10.2%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs -15.0%).

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.

Seritage Growth Properties is a U.S.-headquartered publicly traded real estate investment trust. It owns, redevelops, and manages a diversified portfolio of retail, residential, and mixed-use commercial properties across key U.S. markets, leasing spaces to retail, dining, and service sector tenants.

IRD vs SRG — Head-to-Head

Bigger by revenue
SRG
SRG
1.1× larger
SRG
$4.2M
$3.9M
IRD
Growing faster (revenue YoY)
SRG
SRG
+5.3% gap
SRG
-4.9%
-10.2%
IRD
Faster 2-yr revenue CAGR
IRD
IRD
Annualised
IRD
50.3%
-15.0%
SRG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRD
IRD
SRG
SRG
Revenue
$3.9M
$4.2M
Net Profit
Gross Margin
Operating Margin
Net Margin
Revenue YoY
-10.2%
-4.9%
Net Profit YoY
53.0%
55.2%
EPS (diluted)

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
SRG
SRG
Q4 25
$3.9M
$4.2M
Q3 25
$3.1M
$4.8M
Q2 25
$2.9M
$4.7M
Q1 25
$4.4M
$4.6M
Q4 24
$4.3M
$4.4M
Q3 24
$3.9M
$3.3M
Q2 24
$1.1M
$4.2M
Q1 24
$1.7M
$5.8M
Net Profit
IRD
IRD
SRG
SRG
Q4 25
Q3 25
$-17.5M
$-12.4M
Q2 25
$-7.4M
$-28.5M
Q1 25
$-8.2M
$-22.2M
Q4 24
Q3 24
$-7.5M
$-22.0M
Q2 24
$-7.8M
$-101.2M
Q1 24
$-7.1M
$-19.0M
Operating Margin
IRD
IRD
SRG
SRG
Q4 25
Q3 25
-269.9%
-258.0%
Q2 25
-309.0%
-610.2%
Q1 25
-227.2%
-486.9%
Q4 24
Q3 24
-207.1%
-673.2%
Q2 24
-748.9%
-2366.1%
Q1 24
-450.5%
-328.7%
Net Margin
IRD
IRD
SRG
SRG
Q4 25
Q3 25
-566.9%
-259.6%
Q2 25
-257.5%
-612.6%
Q1 25
-187.5%
-482.8%
Q4 24
Q3 24
-194.6%
-675.9%
Q2 24
-698.3%
-2401.0%
Q1 24
-415.3%
-328.9%
EPS (diluted)
IRD
IRD
SRG
SRG
Q4 25
Q3 25
$-0.25
$-0.24
Q2 25
$-0.12
$-0.53
Q1 25
$-0.24
$-0.42
Q4 24
Q3 24
$-0.29
$-0.41
Q2 24
$-0.30
$-1.82
Q1 24
$-0.29
$-0.36

Balance Sheet & Financial Strength

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

Metric
IRD
IRD
SRG
SRG
Cash + ST InvestmentsLiquidity on hand
$45.1M
$48.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.3M
$331.4M
Total Assets
$50.2M
$393.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRD
IRD
SRG
SRG
Q4 25
$45.1M
$48.1M
Q3 25
$30.8M
$51.5M
Q2 25
$32.4M
$71.8M
Q1 25
$41.8M
$94.3M
Q4 24
$30.3M
$85.2M
Q3 24
$36.6M
$85.6M
Q2 24
$41.4M
$86.7M
Q1 24
$47.2M
$114.9M
Stockholders' Equity
IRD
IRD
SRG
SRG
Q4 25
$15.3M
$331.4M
Q3 25
$6.0M
$337.7M
Q2 25
$17.5M
$351.4M
Q1 25
$5.1M
$381.1M
Q4 24
$6.7M
$404.5M
Q3 24
$34.3M
$417.5M
Q2 24
$40.6M
$440.4M
Q1 24
$46.1M
$542.4M
Total Assets
IRD
IRD
SRG
SRG
Q4 25
$50.2M
$393.8M
Q3 25
$36.1M
$558.6M
Q2 25
$38.7M
$575.7M
Q1 25
$48.2M
$649.7M
Q4 24
$36.9M
$677.8M
Q3 24
$40.4M
$735.0M
Q2 24
$44.8M
$758.3M
Q1 24
$51.8M
$914.6M

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
SRG
SRG
Operating Cash FlowLast quarter
$-35.3M
$-34.9M
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
SRG
SRG
Q4 25
$-35.3M
$-34.9M
Q3 25
$-6.2M
$-12.5M
Q2 25
$-10.3M
$-12.0M
Q1 25
$-9.0M
$-9.2M
Q4 24
$-25.6M
$-53.5M
Q3 24
$-5.1M
$-15.5M
Q2 24
$-7.3M
$-7.5M
Q1 24
$-5.7M
$-16.6M

Financial Flow Comparison

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

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