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

Worksport Ltd is the larger business by last-quarter revenue ($4.7M vs $3.9M, roughly 1.2× Opus Genetics, Inc.). On growth, Worksport Ltd posted the faster year-over-year revenue change (62.0% vs -10.2%). Over the past eight quarters, Worksport Ltd's revenue compounded faster (204.2% CAGR vs 50.3%).

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.

Worksport Ltd is a cleantech company specializing in portable solar energy solutions and custom truck bed accessories. Its core offerings include solar-powered tonneau covers for pickup trucks and portable mobile power stations, serving the North American automotive aftermarket and consumer clean energy segments.

IRD vs WKSP — Head-to-Head

Bigger by revenue
WKSP
WKSP
1.2× larger
WKSP
$4.7M
$3.9M
IRD
Growing faster (revenue YoY)
WKSP
WKSP
+72.2% gap
WKSP
62.0%
-10.2%
IRD
Faster 2-yr revenue CAGR
WKSP
WKSP
Annualised
WKSP
204.2%
50.3%
IRD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRD
IRD
WKSP
WKSP
Revenue
$3.9M
$4.7M
Net Profit
Gross Margin
30.1%
Operating Margin
-129.6%
Net Margin
Revenue YoY
-10.2%
62.0%
Net Profit YoY
53.0%
EPS (diluted)
$-0.65

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
WKSP
WKSP
Q4 25
$3.9M
$4.7M
Q3 25
$3.1M
$5.0M
Q2 25
$2.9M
$4.1M
Q1 25
$4.4M
$2.2M
Q4 24
$4.3M
$2.9M
Q3 24
$3.9M
$3.1M
Q2 24
$1.1M
$1.9M
Q1 24
$1.7M
$512.6K
Net Profit
IRD
IRD
WKSP
WKSP
Q4 25
Q3 25
$-17.5M
$-4.9M
Q2 25
$-7.4M
$-3.7M
Q1 25
$-8.2M
$-4.5M
Q4 24
Q3 24
$-7.5M
$-4.1M
Q2 24
$-7.8M
$-4.0M
Q1 24
$-7.1M
$-3.7M
Gross Margin
IRD
IRD
WKSP
WKSP
Q4 25
30.1%
Q3 25
31.3%
Q2 25
26.4%
Q1 25
17.7%
Q4 24
11.1%
Q3 24
7.9%
Q2 24
15.4%
Q1 24
7.3%
Operating Margin
IRD
IRD
WKSP
WKSP
Q4 25
-129.6%
Q3 25
-269.9%
-95.6%
Q2 25
-309.0%
-88.1%
Q1 25
-227.2%
-190.0%
Q4 24
-137.0%
Q3 24
-207.1%
-125.1%
Q2 24
-748.9%
-203.5%
Q1 24
-450.5%
-709.9%
Net Margin
IRD
IRD
WKSP
WKSP
Q4 25
Q3 25
-566.9%
-98.3%
Q2 25
-257.5%
-91.0%
Q1 25
-187.5%
-199.1%
Q4 24
Q3 24
-194.6%
-132.4%
Q2 24
-698.3%
-208.9%
Q1 24
-415.3%
-724.6%
EPS (diluted)
IRD
IRD
WKSP
WKSP
Q4 25
$-0.65
Q3 25
$-0.25
$-0.75
Q2 25
$-0.12
$-0.71
Q1 25
$-0.24
$-1.05
Q4 24
$-1.14
Q3 24
$-0.29
$-1.40
Q2 24
$-0.30
$-1.55
Q1 24
$-0.29
$-1.75

Balance Sheet & Financial Strength

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

Metric
IRD
IRD
WKSP
WKSP
Cash + ST InvestmentsLiquidity on hand
$45.1M
$5.9M
Total DebtLower is stronger
$2.7M
Stockholders' EquityBook value
$15.3M
$22.9M
Total Assets
$50.2M
$30.7M
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRD
IRD
WKSP
WKSP
Q4 25
$45.1M
$5.9M
Q3 25
$30.8M
$3.8M
Q2 25
$32.4M
$1.4M
Q1 25
$41.8M
$5.1M
Q4 24
$30.3M
$4.9M
Q3 24
$36.6M
$1.9M
Q2 24
$41.4M
$3.4M
Q1 24
$47.2M
$3.5M
Total Debt
IRD
IRD
WKSP
WKSP
Q4 25
$2.7M
Q3 25
$2.9M
Q2 25
$2.5M
Q1 25
$3.1M
Q4 24
$5.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IRD
IRD
WKSP
WKSP
Q4 25
$15.3M
$22.9M
Q3 25
$6.0M
$19.8M
Q2 25
$17.5M
$17.3M
Q1 25
$5.1M
$20.1M
Q4 24
$6.7M
$17.4M
Q3 24
$34.3M
$16.4M
Q2 24
$40.6M
$19.1M
Q1 24
$46.1M
$18.9M
Total Assets
IRD
IRD
WKSP
WKSP
Q4 25
$50.2M
$30.7M
Q3 25
$36.1M
$27.0M
Q2 25
$38.7M
$23.6M
Q1 25
$48.2M
$26.7M
Q4 24
$36.9M
$25.7M
Q3 24
$40.4M
$24.9M
Q2 24
$44.8M
$27.2M
Q1 24
$51.8M
$27.3M
Debt / Equity
IRD
IRD
WKSP
WKSP
Q4 25
0.12×
Q3 25
0.15×
Q2 25
0.14×
Q1 25
0.16×
Q4 24
0.30×
Q3 24
Q2 24
Q1 24

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
WKSP
WKSP
Operating Cash FlowLast quarter
$-35.3M
$-6.1M
Free Cash FlowOCF − Capex
$-6.3M
FCF MarginFCF / Revenue
-132.4%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-18.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRD
IRD
WKSP
WKSP
Q4 25
$-35.3M
$-6.1M
Q3 25
$-6.2M
$-4.3M
Q2 25
$-10.3M
$-3.1M
Q1 25
$-9.0M
$-3.8M
Q4 24
$-25.6M
$-2.2M
Q3 24
$-5.1M
$-1.5M
Q2 24
$-7.3M
$-3.6M
Q1 24
$-5.7M
$-2.8M
Free Cash Flow
IRD
IRD
WKSP
WKSP
Q4 25
$-6.3M
Q3 25
$-4.6M
Q2 25
$-3.2M
Q1 25
$-4.0M
Q4 24
$-2.2M
Q3 24
$-1.7M
Q2 24
$-3.7M
Q1 24
$-3.0M
FCF Margin
IRD
IRD
WKSP
WKSP
Q4 25
-132.4%
Q3 25
-92.1%
Q2 25
-77.1%
Q1 25
-180.4%
Q4 24
-75.4%
Q3 24
-54.5%
Q2 24
-195.1%
Q1 24
-586.7%
Capex Intensity
IRD
IRD
WKSP
WKSP
Q4 25
3.3%
Q3 25
7.3%
Q2 25
1.7%
Q1 25
9.0%
Q4 24
0.9%
Q3 24
5.3%
Q2 24
6.4%
Q1 24
41.5%

Financial Flow Comparison

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

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