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Side-by-side financial comparison of IRIDEX CORP (IRIX) and Alpine Income Property Trust, Inc. (PINE). Click either name above to swap in a different company.

Alpine Income Property Trust, Inc. is the larger business by last-quarter revenue ($18.4M vs $14.7M, roughly 1.3× IRIDEX CORP). On growth, Alpine Income Property Trust, Inc. posted the faster year-over-year revenue change (29.6% vs -69.7%). Over the past eight quarters, Alpine Income Property Trust, Inc.'s revenue compounded faster (21.4% CAGR vs 11.9%).

IRIDEX Corporation is a global medical technology company that designs, manufactures and distributes advanced laser-based medical devices, primarily serving the ophthalmology and aesthetic medicine sectors. It supplies products to healthcare providers, clinics and medical facilities across North America, Europe, Asia Pacific and other regions, delivering minimally invasive solutions for eye disease treatment and cosmetic procedures.

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.

IRIX vs PINE — Head-to-Head

Bigger by revenue
PINE
PINE
1.3× larger
PINE
$18.4M
$14.7M
IRIX
Growing faster (revenue YoY)
PINE
PINE
+99.3% gap
PINE
29.6%
-69.7%
IRIX
Faster 2-yr revenue CAGR
PINE
PINE
Annualised
PINE
21.4%
11.9%
IRIX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IRIX
IRIX
PINE
PINE
Revenue
$14.7M
$18.4M
Net Profit
$2.2M
Gross Margin
37.2%
Operating Margin
35.4%
Net Margin
11.9%
Revenue YoY
-69.7%
29.6%
Net Profit YoY
285.3%
EPS (diluted)
$0.06

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
IRIX
IRIX
PINE
PINE
Q1 26
$18.4M
Q4 25
$14.7M
$16.9M
Q3 25
$12.5M
$14.6M
Q2 25
$13.6M
$14.9M
Q1 25
$11.9M
$14.2M
Q4 24
$12.7M
$13.8M
Q3 24
$11.6M
$13.5M
Q2 24
$12.6M
$12.5M
Net Profit
IRIX
IRIX
PINE
PINE
Q1 26
$2.2M
Q4 25
$1.5M
Q3 25
$-1.6M
$-1.3M
Q2 25
$-994.0K
$-1.6M
Q1 25
$-1.7M
$-1.2M
Q4 24
$-834.0K
$-958.0K
Q3 24
$-1.9M
$3.1M
Q2 24
$-2.7M
$204.0K
Gross Margin
IRIX
IRIX
PINE
PINE
Q1 26
Q4 25
37.2%
Q3 25
32.1%
Q2 25
34.5%
Q1 25
42.5%
Q4 24
44.0%
Q3 24
37.3%
Q2 24
40.7%
Operating Margin
IRIX
IRIX
PINE
PINE
Q1 26
35.4%
Q4 25
35.3%
Q3 25
-11.3%
16.6%
Q2 25
-6.9%
16.8%
Q1 25
-1.7%
16.0%
Q4 24
-3.9%
14.3%
Q3 24
-16.1%
47.9%
Q2 24
-20.9%
24.0%
Net Margin
IRIX
IRIX
PINE
PINE
Q1 26
11.9%
Q4 25
8.7%
Q3 25
-12.6%
-9.0%
Q2 25
-7.3%
-11.0%
Q1 25
-14.2%
-8.3%
Q4 24
-6.6%
-6.9%
Q3 24
-16.7%
22.8%
Q2 24
-21.2%
1.6%
EPS (diluted)
IRIX
IRIX
PINE
PINE
Q1 26
$0.06
Q4 25
$0.07
Q3 25
$-0.09
$-0.09
Q2 25
$-0.06
$-0.12
Q1 25
$-0.10
$-0.08
Q4 24
$-0.05
$-0.06
Q3 24
$-0.12
$0.21
Q2 24
$-0.16
$0.01

Balance Sheet & Financial Strength

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

Metric
IRIX
IRIX
PINE
PINE
Cash + ST InvestmentsLiquidity on hand
$6.0M
$2.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$312.5M
Total Assets
$29.2M
$745.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRIX
IRIX
PINE
PINE
Q1 26
$2.6M
Q4 25
$6.0M
$4.6M
Q3 25
$5.6M
$1.2M
Q2 25
$6.8M
$5.0M
Q1 25
$7.2M
$6.1M
Q4 24
$2.4M
$1.6M
Q3 24
$3.9M
$2.6M
Q2 24
$4.1M
$3.3M
Total Debt
IRIX
IRIX
PINE
PINE
Q1 26
Q4 25
$377.7M
Q3 25
$358.2M
Q2 25
$352.6M
Q1 25
$356.5M
Q4 24
$1.0M
$301.5M
Q3 24
$1.4M
$278.9M
Q2 24
$268.3M
Stockholders' Equity
IRIX
IRIX
PINE
PINE
Q1 26
$312.5M
Q4 25
$279.9M
Q3 25
$4.7M
$223.5M
Q2 25
$6.1M
$229.8M
Q1 25
$852.0K
$240.9M
Q4 24
$2.1M
$253.0M
Q3 24
$2.6M
$248.2M
Q2 24
$4.2M
$244.0M
Total Assets
IRIX
IRIX
PINE
PINE
Q1 26
$745.1M
Q4 25
$29.2M
$715.9M
Q3 25
$28.4M
$621.4M
Q2 25
$31.6M
$628.4M
Q1 25
$34.2M
$647.4M
Q4 24
$29.1M
$605.0M
Q3 24
$30.2M
$579.0M
Q2 24
$31.2M
$565.8M
Debt / Equity
IRIX
IRIX
PINE
PINE
Q1 26
Q4 25
1.35×
Q3 25
1.60×
Q2 25
1.53×
Q1 25
1.48×
Q4 24
0.48×
1.19×
Q3 24
0.53×
1.12×
Q2 24
1.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRIX
IRIX

Segment breakdown not available.

PINE
PINE

Lease Income$12.6M68%
Other$5.8M31%
Other Revenue$46.0K0%

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