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Side-by-side financial comparison of Opus Genetics, Inc. (IRD) and Terra Property Trust, Inc. (TPTA). Click either name above to swap in a different company.

Terra Property Trust, Inc. is the larger business by last-quarter revenue ($7.1M vs $3.9M, roughly 1.8× Opus Genetics, Inc.). On growth, Opus Genetics, Inc. posted the faster year-over-year revenue change (-10.2% vs -37.4%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs -31.3%).

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.

The National Savings and Trust Company is a historic bank building located at the corner of New York Avenue and 15th Street, NW in Downtown Washington, D.C. It has also been known as the National Safe Deposit Company and the National Safe Deposit Savings and Trust Company.

IRD vs TPTA — Head-to-Head

Bigger by revenue
TPTA
TPTA
1.8× larger
TPTA
$7.1M
$3.9M
IRD
Growing faster (revenue YoY)
IRD
IRD
+27.2% gap
IRD
-10.2%
-37.4%
TPTA
Faster 2-yr revenue CAGR
IRD
IRD
Annualised
IRD
50.3%
-31.3%
TPTA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRD
IRD
TPTA
TPTA
Revenue
$3.9M
$7.1M
Net Profit
$-10.6M
Gross Margin
Operating Margin
-48.8%
Net Margin
-150.2%
Revenue YoY
-10.2%
-37.4%
Net Profit YoY
53.0%
32.0%
EPS (diluted)
$-0.43

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
TPTA
TPTA
Q4 25
$3.9M
$7.1M
Q3 25
$3.1M
$7.3M
Q2 25
$2.9M
$8.6M
Q1 25
$4.4M
$12.5M
Q4 24
$4.3M
$11.3M
Q3 24
$3.9M
$12.2M
Q2 24
$1.1M
$11.2M
Q1 24
$1.7M
$15.0M
Net Profit
IRD
IRD
TPTA
TPTA
Q4 25
$-10.6M
Q3 25
$-17.5M
$-6.7M
Q2 25
$-7.4M
$-9.2M
Q1 25
$-8.2M
$-1.3M
Q4 24
$-15.6M
Q3 24
$-7.5M
$-7.8M
Q2 24
$-7.8M
$-7.5M
Q1 24
$-7.1M
$-6.2M
Operating Margin
IRD
IRD
TPTA
TPTA
Q4 25
-48.8%
Q3 25
-269.9%
6.7%
Q2 25
-309.0%
-28.4%
Q1 25
-227.2%
32.8%
Q4 24
-72.3%
Q3 24
-207.1%
54.1%
Q2 24
-748.9%
6.3%
Q1 24
-450.5%
32.0%
Net Margin
IRD
IRD
TPTA
TPTA
Q4 25
-150.2%
Q3 25
-566.9%
-92.4%
Q2 25
-257.5%
-106.5%
Q1 25
-187.5%
-10.3%
Q4 24
-138.3%
Q3 24
-194.6%
-63.9%
Q2 24
-698.3%
-67.5%
Q1 24
-415.3%
-41.2%
EPS (diluted)
IRD
IRD
TPTA
TPTA
Q4 25
$-0.43
Q3 25
$-0.25
$-0.28
Q2 25
$-0.12
$-0.38
Q1 25
$-0.24
$-0.05
Q4 24
$-0.65
Q3 24
$-0.29
$-0.32
Q2 24
$-0.30
$-0.31
Q1 24
$-0.29
$-0.25

Balance Sheet & Financial Strength

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

Metric
IRD
IRD
TPTA
TPTA
Cash + ST InvestmentsLiquidity on hand
$45.1M
$33.2M
Total DebtLower is stronger
$178.9M
Stockholders' EquityBook value
$15.3M
$146.5M
Total Assets
$50.2M
$351.5M
Debt / EquityLower = less leverage
1.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRD
IRD
TPTA
TPTA
Q4 25
$45.1M
$33.2M
Q3 25
$30.8M
$17.4M
Q2 25
$32.4M
$5.9M
Q1 25
$41.8M
$11.9M
Q4 24
$30.3M
$8.6M
Q3 24
$36.6M
$21.2M
Q2 24
$41.4M
$18.9M
Q1 24
$47.2M
$17.9M
Total Debt
IRD
IRD
TPTA
TPTA
Q4 25
$178.9M
Q3 25
$211.9M
Q2 25
$260.2M
Q1 25
$286.7M
Q4 24
$326.1M
Q3 24
$312.9M
Q2 24
$383.8M
Q1 24
$377.6M
Stockholders' Equity
IRD
IRD
TPTA
TPTA
Q4 25
$15.3M
$146.5M
Q3 25
$6.0M
$159.7M
Q2 25
$17.5M
$168.5M
Q1 25
$5.1M
$179.9M
Q4 24
$6.7M
$185.7M
Q3 24
$34.3M
$206.2M
Q2 24
$40.6M
$218.6M
Q1 24
$46.1M
$230.5M
Total Assets
IRD
IRD
TPTA
TPTA
Q4 25
$50.2M
$351.5M
Q3 25
$36.1M
$398.1M
Q2 25
$38.7M
$459.3M
Q1 25
$48.2M
$495.2M
Q4 24
$36.9M
$542.8M
Q3 24
$40.4M
$546.8M
Q2 24
$44.8M
$634.4M
Q1 24
$51.8M
$640.2M
Debt / Equity
IRD
IRD
TPTA
TPTA
Q4 25
1.22×
Q3 25
1.33×
Q2 25
1.54×
Q1 25
1.59×
Q4 24
1.76×
Q3 24
1.52×
Q2 24
1.76×
Q1 24
1.64×

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
TPTA
TPTA
Operating Cash FlowLast quarter
$-35.3M
$1.9M
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
TPTA
TPTA
Q4 25
$-35.3M
$1.9M
Q3 25
$-6.2M
$-4.3M
Q2 25
$-10.3M
$1.2M
Q1 25
$-9.0M
$861.6K
Q4 24
$-25.6M
$-3.3M
Q3 24
$-5.1M
$1.7M
Q2 24
$-7.3M
$-3.1M
Q1 24
$-5.7M
$-4.2M
Capex Intensity
IRD
IRD
TPTA
TPTA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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