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

VerifyMe, Inc. is the larger business by last-quarter revenue ($5.0M vs $3.9M, roughly 1.3× Opus Genetics, Inc.). On growth, VerifyMe, Inc. posted the faster year-over-year revenue change (-7.4% vs -10.2%). Over the past eight quarters, Opus Genetics, Inc.'s revenue compounded faster (50.3% CAGR vs -5.2%).

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.

VerifyMe, Inc. is a technology provider specializing in identity verification, anti-counterfeiting, and brand protection solutions. Its offerings include secure authentication tools, supply chain traceability systems, and customer engagement platforms, serving consumer goods, pharmaceutical, and retail sectors across North America and select global markets.

IRD vs VRME — Head-to-Head

Bigger by revenue
VRME
VRME
1.3× larger
VRME
$5.0M
$3.9M
IRD
Growing faster (revenue YoY)
VRME
VRME
+2.8% gap
VRME
-7.4%
-10.2%
IRD
Faster 2-yr revenue CAGR
IRD
IRD
Annualised
IRD
50.3%
-5.2%
VRME

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IRD
IRD
VRME
VRME
Revenue
$3.9M
$5.0M
Net Profit
$-3.4M
Gross Margin
41.2%
Operating Margin
-68.2%
Net Margin
-66.7%
Revenue YoY
-10.2%
-7.4%
Net Profit YoY
53.0%
-38.4%
EPS (diluted)
$-0.26

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.

Revenue
IRD
IRD
VRME
VRME
Q4 25
$3.9M
Q3 25
$3.1M
$5.0M
Q2 25
$2.9M
$4.5M
Q1 25
$4.4M
$4.5M
Q4 24
$4.3M
Q3 24
$3.9M
$5.4M
Q2 24
$1.1M
$5.4M
Q1 24
$1.7M
$5.8M
Net Profit
IRD
IRD
VRME
VRME
Q4 25
Q3 25
$-17.5M
$-3.4M
Q2 25
$-7.4M
$-291.0K
Q1 25
$-8.2M
$-571.0K
Q4 24
Q3 24
$-7.5M
$-2.4M
Q2 24
$-7.8M
$-346.0K
Q1 24
$-7.1M
$-553.0K
Gross Margin
IRD
IRD
VRME
VRME
Q4 25
Q3 25
41.2%
Q2 25
35.2%
Q1 25
33.4%
Q4 24
Q3 24
34.9%
Q2 24
39.1%
Q1 24
39.2%
Operating Margin
IRD
IRD
VRME
VRME
Q4 25
Q3 25
-269.9%
-68.2%
Q2 25
-309.0%
-7.1%
Q1 25
-227.2%
-13.3%
Q4 24
Q3 24
-207.1%
-52.8%
Q2 24
-748.9%
-10.0%
Q1 24
-450.5%
-11.2%
Net Margin
IRD
IRD
VRME
VRME
Q4 25
Q3 25
-566.9%
-66.7%
Q2 25
-257.5%
-6.4%
Q1 25
-187.5%
-12.8%
Q4 24
Q3 24
-194.6%
-44.6%
Q2 24
-698.3%
-6.5%
Q1 24
-415.3%
-9.6%
EPS (diluted)
IRD
IRD
VRME
VRME
Q4 25
Q3 25
$-0.25
$-0.26
Q2 25
$-0.12
$-0.02
Q1 25
$-0.24
$-0.05
Q4 24
Q3 24
$-0.29
$-0.23
Q2 24
$-0.30
$-0.03
Q1 24
$-0.29
$-0.05

Balance Sheet & Financial Strength

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

Metric
IRD
IRD
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
$45.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.3M
$11.1M
Total Assets
$50.2M
$13.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRD
IRD
VRME
VRME
Q4 25
$45.1M
Q3 25
$30.8M
Q2 25
$32.4M
Q1 25
$41.8M
Q4 24
$30.3M
Q3 24
$36.6M
$2.6M
Q2 24
$41.4M
$2.9M
Q1 24
$47.2M
$2.8M
Total Debt
IRD
IRD
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$500.0K
Q2 24
$600.0K
Q1 24
$800.0K
Stockholders' Equity
IRD
IRD
VRME
VRME
Q4 25
$15.3M
Q3 25
$6.0M
$11.1M
Q2 25
$17.5M
$14.4M
Q1 25
$5.1M
$14.6M
Q4 24
$6.7M
Q3 24
$34.3M
$10.3M
Q2 24
$40.6M
$12.3M
Q1 24
$46.1M
$12.4M
Total Assets
IRD
IRD
VRME
VRME
Q4 25
$50.2M
Q3 25
$36.1M
$13.3M
Q2 25
$38.7M
$17.2M
Q1 25
$48.2M
$17.1M
Q4 24
$36.9M
Q3 24
$40.4M
$14.8M
Q2 24
$44.8M
$17.5M
Q1 24
$51.8M
$17.9M
Debt / Equity
IRD
IRD
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.05×
Q2 24
0.05×
Q1 24
0.06×

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
VRME
VRME
Operating Cash FlowLast quarter
$-35.3M
$243.0K
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
VRME
VRME
Q4 25
$-35.3M
Q3 25
$-6.2M
$243.0K
Q2 25
$-10.3M
$710.0K
Q1 25
$-9.0M
$-404.0K
Q4 24
$-25.6M
Q3 24
$-5.1M
$-10.0K
Q2 24
$-7.3M
$372.0K
Q1 24
$-5.7M
$-60.0K
Free Cash Flow
IRD
IRD
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-12.0K
Q2 24
$369.0K
Q1 24
$-62.0K
FCF Margin
IRD
IRD
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.2%
Q2 24
6.9%
Q1 24
-1.1%
Capex Intensity
IRD
IRD
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.0%

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRD
IRD

Segment breakdown not available.

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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