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Side-by-side financial comparison of Opus Genetics, Inc. (IRD) and UR-ENERGY INC (URG). Click either name above to swap in a different company.

UR-ENERGY INC is the larger business by last-quarter revenue ($6.3M vs $3.9M, roughly 1.6× Opus Genetics, Inc.). On growth, UR-ENERGY INC posted the faster year-over-year revenue change (-1.2% vs -10.2%).

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.

UR-Energy Inc. is a specialized uranium mining firm that uses low-environmental-impact in-situ recovery extraction technology. It operates assets in the western United States, supplying uranium concentrate to nuclear power utilities across North America and global markets to support clean energy production.

IRD vs URG — Head-to-Head

Bigger by revenue
URG
URG
1.6× larger
URG
$6.3M
$3.9M
IRD
Growing faster (revenue YoY)
URG
URG
+9.0% gap
URG
-1.2%
-10.2%
IRD

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IRD
IRD
URG
URG
Revenue
$3.9M
$6.3M
Net Profit
$-27.5M
Gross Margin
Operating Margin
-313.3%
Net Margin
-434.3%
Revenue YoY
-10.2%
-1.2%
Net Profit YoY
53.0%
-243.2%
EPS (diluted)
$-0.07

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
URG
URG
Q4 25
$3.9M
Q3 25
$3.1M
$6.3M
Q2 25
$2.9M
$10.4M
Q1 25
$4.4M
Q4 24
$4.3M
$22.7M
Q3 24
$3.9M
$6.4M
Q2 24
$1.1M
$4.7M
Q1 24
$1.7M
$0
Net Profit
IRD
IRD
URG
URG
Q4 25
Q3 25
$-17.5M
$-27.5M
Q2 25
$-7.4M
$-21.0M
Q1 25
$-8.2M
Q4 24
Q3 24
$-7.5M
$-8.0M
Q2 24
$-7.8M
$-6.6M
Q1 24
$-7.1M
$-18.5M
Gross Margin
IRD
IRD
URG
URG
Q4 25
Q3 25
Q2 25
18.6%
Q1 25
Q4 24
Q3 24
12.3%
Q2 24
28.5%
Q1 24
Operating Margin
IRD
IRD
URG
URG
Q4 25
Q3 25
-269.9%
-313.3%
Q2 25
-309.0%
-151.1%
Q1 25
-227.2%
Q4 24
Q3 24
-207.1%
-185.4%
Q2 24
-748.9%
-245.2%
Q1 24
-450.5%
Net Margin
IRD
IRD
URG
URG
Q4 25
Q3 25
-566.9%
-434.3%
Q2 25
-257.5%
-200.8%
Q1 25
-187.5%
Q4 24
Q3 24
-194.6%
-125.0%
Q2 24
-698.3%
-141.5%
Q1 24
-415.3%
EPS (diluted)
IRD
IRD
URG
URG
Q4 25
Q3 25
$-0.25
$-0.07
Q2 25
$-0.12
$-0.06
Q1 25
$-0.24
Q4 24
Q3 24
$-0.29
$-0.02
Q2 24
$-0.30
$-0.02
Q1 24
$-0.29
$-0.07

Balance Sheet & Financial Strength

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

Metric
IRD
IRD
URG
URG
Cash + ST InvestmentsLiquidity on hand
$45.1M
$52.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.3M
$90.7M
Total Assets
$50.2M
$170.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRD
IRD
URG
URG
Q4 25
$45.1M
Q3 25
$30.8M
$52.0M
Q2 25
$32.4M
$57.6M
Q1 25
$41.8M
Q4 24
$30.3M
$76.1M
Q3 24
$36.6M
$118.5M
Q2 24
$41.4M
$61.3M
Q1 24
$47.2M
$53.9M
Stockholders' Equity
IRD
IRD
URG
URG
Q4 25
$15.3M
Q3 25
$6.0M
$90.7M
Q2 25
$17.5M
$102.1M
Q1 25
$5.1M
Q4 24
$6.7M
$132.8M
Q3 24
$34.3M
$152.1M
Q2 24
$40.6M
$92.8M
Q1 24
$46.1M
$76.9M
Total Assets
IRD
IRD
URG
URG
Q4 25
$50.2M
Q3 25
$36.1M
$170.9M
Q2 25
$38.7M
$171.3M
Q1 25
$48.2M
Q4 24
$36.9M
$194.1M
Q3 24
$40.4M
$201.4M
Q2 24
$44.8M
$140.6M
Q1 24
$51.8M
$124.9M

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
URG
URG
Operating Cash FlowLast quarter
$-35.3M
$-15.0M
Free Cash FlowOCF − Capex
$-20.4M
FCF MarginFCF / Revenue
-322.5%
Capex IntensityCapex / Revenue
84.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-129.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRD
IRD
URG
URG
Q4 25
$-35.3M
Q3 25
$-6.2M
$-15.0M
Q2 25
$-10.3M
$-12.1M
Q1 25
$-9.0M
Q4 24
$-25.6M
$-71.9M
Q3 24
$-5.1M
$-6.8M
Q2 24
$-7.3M
$-11.3M
Q1 24
$-5.7M
$-14.4M
Free Cash Flow
IRD
IRD
URG
URG
Q4 25
Q3 25
$-20.4M
Q2 25
$-17.2M
Q1 25
Q4 24
$-81.0M
Q3 24
$-10.7M
Q2 24
$-12.3M
Q1 24
$-15.2M
FCF Margin
IRD
IRD
URG
URG
Q4 25
Q3 25
-322.5%
Q2 25
-164.5%
Q1 25
Q4 24
-357.4%
Q3 24
-167.1%
Q2 24
-263.7%
Q1 24
Capex Intensity
IRD
IRD
URG
URG
Q4 25
Q3 25
84.5%
Q2 25
48.5%
Q1 25
Q4 24
39.9%
Q3 24
60.1%
Q2 24
21.7%
Q1 24

Financial Flow Comparison

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

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