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Side-by-side financial comparison of IRIDEX CORP (IRIX) and SR Bancorp, Inc. (SRBK). Click either name above to swap in a different company.

IRIDEX CORP is the larger business by last-quarter revenue ($14.7M vs $8.4M, roughly 1.8× SR Bancorp, Inc.). On growth, SR Bancorp, Inc. posted the faster year-over-year revenue change (6.4% vs -69.7%). Over the past eight quarters, IRIDEX CORP's revenue compounded faster (11.9% CAGR vs -2.4%).

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.

SR Bancorp Inc. is a regional bank holding company based in the United States. It offers a full range of consumer and commercial banking services including deposit products, personal loans, mortgage lending, small business financing, and commercial credit solutions, primarily serving local communities and small to mid-sized enterprises in its operating areas.

IRIX vs SRBK — Head-to-Head

Bigger by revenue
IRIX
IRIX
1.8× larger
IRIX
$14.7M
$8.4M
SRBK
Growing faster (revenue YoY)
SRBK
SRBK
+76.2% gap
SRBK
6.4%
-69.7%
IRIX
Faster 2-yr revenue CAGR
IRIX
IRIX
Annualised
IRIX
11.9%
-2.4%
SRBK

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
IRIX
IRIX
SRBK
SRBK
Revenue
$14.7M
$8.4M
Net Profit
$834.0K
Gross Margin
37.2%
Operating Margin
13.0%
Net Margin
10.0%
Revenue YoY
-69.7%
6.4%
Net Profit YoY
-18.3%
EPS (diluted)
$0.11

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
SRBK
SRBK
Q4 25
$14.7M
$8.4M
Q3 25
$12.5M
$8.2M
Q2 25
$13.6M
$7.6M
Q1 25
$11.9M
$7.7M
Q4 24
$12.7M
$7.9M
Q3 24
$11.6M
$8.4M
Q2 24
$12.6M
$7.9M
Q1 24
$11.8M
$8.8M
Net Profit
IRIX
IRIX
SRBK
SRBK
Q4 25
$834.0K
Q3 25
$-1.6M
$693.0K
Q2 25
$-994.0K
$2.2M
Q1 25
$-1.7M
$537.0K
Q4 24
$-834.0K
$1.0M
Q3 24
$-1.9M
$1.4M
Q2 24
$-2.7M
$-3.0M
Q1 24
$-3.5M
$1.1M
Gross Margin
IRIX
IRIX
SRBK
SRBK
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%
Q1 24
37.9%
Operating Margin
IRIX
IRIX
SRBK
SRBK
Q4 25
13.0%
Q3 25
-11.3%
11.0%
Q2 25
-6.9%
32.1%
Q1 25
-1.7%
8.1%
Q4 24
-3.9%
17.1%
Q3 24
-16.1%
20.6%
Q2 24
-20.9%
-34.0%
Q1 24
-28.0%
15.4%
Net Margin
IRIX
IRIX
SRBK
SRBK
Q4 25
10.0%
Q3 25
-12.6%
8.5%
Q2 25
-7.3%
29.2%
Q1 25
-14.2%
7.0%
Q4 24
-6.6%
13.0%
Q3 24
-16.7%
16.3%
Q2 24
-21.2%
-38.2%
Q1 24
-29.5%
12.1%
EPS (diluted)
IRIX
IRIX
SRBK
SRBK
Q4 25
$0.11
Q3 25
$-0.09
$0.09
Q2 25
$-0.06
$0.27
Q1 25
$-0.10
$0.06
Q4 24
$-0.05
$0.12
Q3 24
$-0.12
$0.16
Q2 24
$-0.16
$8.14
Q1 24
$-0.21
$0.12

Balance Sheet & Financial Strength

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

Metric
IRIX
IRIX
SRBK
SRBK
Cash + ST InvestmentsLiquidity on hand
$6.0M
$81.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$188.5M
Total Assets
$29.2M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRIX
IRIX
SRBK
SRBK
Q4 25
$6.0M
$81.8M
Q3 25
$5.6M
$58.3M
Q2 25
$6.8M
$57.8M
Q1 25
$7.2M
$62.2M
Q4 24
$2.4M
$53.4M
Q3 24
$3.9M
$47.3M
Q2 24
$4.1M
$45.9M
Q1 24
$5.4M
$72.5M
Total Debt
IRIX
IRIX
SRBK
SRBK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$1.0M
Q3 24
$1.4M
Q2 24
Q1 24
Stockholders' Equity
IRIX
IRIX
SRBK
SRBK
Q4 25
$188.5M
Q3 25
$4.7M
$191.9M
Q2 25
$6.1M
$193.8M
Q1 25
$852.0K
$195.1M
Q4 24
$2.1M
$198.1M
Q3 24
$2.6M
$200.5M
Q2 24
$4.2M
$199.5M
Q1 24
$6.5M
$199.3M
Total Assets
IRIX
IRIX
SRBK
SRBK
Q4 25
$29.2M
$1.1B
Q3 25
$28.4M
$1.1B
Q2 25
$31.6M
$1.1B
Q1 25
$34.2M
$1.1B
Q4 24
$29.1M
$1.1B
Q3 24
$30.2M
$1.1B
Q2 24
$31.2M
$1.0B
Q1 24
$34.1M
$1.1B
Debt / Equity
IRIX
IRIX
SRBK
SRBK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.48×
Q3 24
0.53×
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
IRIX
IRIX
SRBK
SRBK
Operating Cash FlowLast quarter
$3.6M
Free Cash FlowOCF − Capex
$3.1M
FCF MarginFCF / Revenue
37.0%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
4.31×
TTM Free Cash FlowTrailing 4 quarters
$11.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRIX
IRIX
SRBK
SRBK
Q4 25
$3.6M
Q3 25
$-1.2M
$1.2M
Q2 25
$-397.0K
$4.7M
Q1 25
$-1.1M
$2.6M
Q4 24
$-1.2M
$-1.4M
Q3 24
$-3.1M
$1.8M
Q2 24
$-1.3M
$-1.7M
Q1 24
$-1.6M
$-3.9M
Free Cash Flow
IRIX
IRIX
SRBK
SRBK
Q4 25
$3.1M
Q3 25
$-1.2M
$1.1M
Q2 25
$-410.0K
$4.2M
Q1 25
$-1.2M
$2.5M
Q4 24
$-1.2M
$-1.5M
Q3 24
$-3.1M
$1.7M
Q2 24
$-2.8M
Q1 24
$-1.7M
$-4.0M
FCF Margin
IRIX
IRIX
SRBK
SRBK
Q4 25
37.0%
Q3 25
-9.4%
14.0%
Q2 25
-3.0%
55.9%
Q1 25
-9.8%
32.3%
Q4 24
-9.8%
-19.5%
Q3 24
-26.5%
20.3%
Q2 24
-35.8%
Q1 24
-14.0%
-45.2%
Capex Intensity
IRIX
IRIX
SRBK
SRBK
Q4 25
5.9%
Q3 25
0.1%
0.9%
Q2 25
0.1%
5.7%
Q1 25
0.1%
1.0%
Q4 24
0.1%
1.3%
Q3 24
0.0%
1.0%
Q2 24
0.0%
13.9%
Q1 24
0.0%
0.5%
Cash Conversion
IRIX
IRIX
SRBK
SRBK
Q4 25
4.31×
Q3 25
1.76×
Q2 25
2.11×
Q1 25
4.79×
Q4 24
-1.40×
Q3 24
1.31×
Q2 24
Q1 24
-3.69×

Financial Flow Comparison

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

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