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Side-by-side financial comparison of IRIDEX CORP (IRIX) and Sunlands Technology Group (STG). Click either name above to swap in a different company.
IRIDEX CORP is the larger business by last-quarter revenue ($14.7M vs $10.1M, roughly 1.5× Sunlands Technology Group). Over the past eight quarters, IRIDEX CORP's revenue compounded faster (11.9% CAGR vs 0.6%).
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.
STG Partners, LLC (STG) is an American private equity firm and based in Menlo Park, California. Its predecessor, Symphony Technology Group ("Symphony") was founded in 2002 by Romesh Wadhwani, William Chisholm, and Bryan Taylor. In 2017, Symphony was reorganized as STG Partners. As of March 2025, STG Partners managed approximately $12 billion in 19 pooled investment vehicle for its clients. The firm itself has less than one billion dollars in assets.
IRIX vs STG — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $14.7M | $10.1M |
| Net Profit | — | $2.4M |
| Gross Margin | 37.2% | 88.5% |
| Operating Margin | — | 26.5% |
| Net Margin | — | 24.0% |
| Revenue YoY | -69.7% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
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.
| Q4 25 | $14.7M | — | ||
| Q3 25 | $12.5M | $10.1M | ||
| Q2 25 | $13.6M | $9.3M | ||
| Q1 25 | $11.9M | — | ||
| Q4 24 | $12.7M | $9.7M | ||
| Q3 24 | $11.6M | — | ||
| Q2 24 | $12.6M | $10.0M | ||
| Q1 24 | $11.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | $-1.6M | $2.4M | ||
| Q2 25 | $-994.0K | $1.4M | ||
| Q1 25 | $-1.7M | — | ||
| Q4 24 | $-834.0K | $1.8M | ||
| Q3 24 | $-1.9M | — | ||
| Q2 24 | $-2.7M | $2.2M | ||
| Q1 24 | $-3.5M | — |
| Q4 25 | 37.2% | — | ||
| Q3 25 | 32.1% | 88.5% | ||
| Q2 25 | 34.5% | 85.2% | ||
| Q1 25 | 42.5% | — | ||
| Q4 24 | 44.0% | 83.3% | ||
| Q3 24 | 37.3% | — | ||
| Q2 24 | 40.7% | 85.2% | ||
| Q1 24 | 37.9% | — |
| Q4 25 | — | — | ||
| Q3 25 | -11.3% | 26.5% | ||
| Q2 25 | -6.9% | 15.2% | ||
| Q1 25 | -1.7% | — | ||
| Q4 24 | -3.9% | 13.4% | ||
| Q3 24 | -16.1% | — | ||
| Q2 24 | -20.9% | — | ||
| Q1 24 | -28.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | -12.6% | 24.0% | ||
| Q2 25 | -7.3% | 15.4% | ||
| Q1 25 | -14.2% | — | ||
| Q4 24 | -6.6% | 18.2% | ||
| Q3 24 | -16.7% | — | ||
| Q2 24 | -21.2% | 21.5% | ||
| Q1 24 | -29.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | $-0.09 | — | ||
| Q2 25 | $-0.06 | — | ||
| Q1 25 | $-0.10 | — | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $-0.12 | — | ||
| Q2 24 | $-0.16 | $0.31 | ||
| Q1 24 | $-0.21 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.0M | $15.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $17.7M |
| Total Assets | $29.2M | $41.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.0M | — | ||
| Q3 25 | $5.6M | $15.1M | ||
| Q2 25 | $6.8M | — | ||
| Q1 25 | $7.2M | — | ||
| Q4 24 | $2.4M | $15.6M | ||
| Q3 24 | $3.9M | — | ||
| Q2 24 | $4.1M | $18.7M | ||
| Q1 24 | $5.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.0M | $1.5M | ||
| Q3 24 | $1.4M | — | ||
| Q2 24 | — | $1.8M | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | $4.7M | $17.7M | ||
| Q2 25 | $6.1M | $12.6M | ||
| Q1 25 | $852.0K | — | ||
| Q4 24 | $2.1M | $10.7M | ||
| Q3 24 | $2.6M | — | ||
| Q2 24 | $4.2M | $7.6M | ||
| Q1 24 | $6.5M | — |
| Q4 25 | $29.2M | — | ||
| Q3 25 | $28.4M | $41.2M | ||
| Q2 25 | $31.6M | $40.3M | ||
| Q1 25 | $34.2M | — | ||
| Q4 24 | $29.1M | $42.4M | ||
| Q3 24 | $30.2M | — | ||
| Q2 24 | $31.2M | $41.3M | ||
| Q1 24 | $34.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.48× | 0.14× | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | — | 0.24× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
