vs

Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and Inspirato Inc (ISPO). Click either name above to swap in a different company.

Inspirato Inc is the larger business by last-quarter revenue ($55.5M vs $47.7M, roughly 1.2× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -8.1%, a 3.4% gap on every dollar of revenue. On growth, Inspirato Inc posted the faster year-over-year revenue change (-19.6% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-3.0M). Over the past eight quarters, Inspirato Inc's revenue compounded faster (-11.4% CAGR vs -20.2%).

Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.

Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.

IRWD vs ISPO — Head-to-Head

Bigger by revenue
ISPO
ISPO
1.2× larger
ISPO
$55.5M
$47.7M
IRWD
Growing faster (revenue YoY)
ISPO
ISPO
+27.7% gap
ISPO
-19.6%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
3.4% more per $
IRWD
-4.8%
-8.1%
ISPO
More free cash flow
IRWD
IRWD
$77.6M more FCF
IRWD
$74.6M
$-3.0M
ISPO
Faster 2-yr revenue CAGR
ISPO
ISPO
Annualised
ISPO
-11.4%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IRWD
IRWD
ISPO
ISPO
Revenue
$47.7M
$55.5M
Net Profit
$-2.3M
$-4.5M
Gross Margin
31.4%
Operating Margin
14.3%
-8.0%
Net Margin
-4.8%
-8.1%
Revenue YoY
-47.3%
-19.6%
Net Profit YoY
-200.9%
-204.4%
EPS (diluted)
$0.01
$-0.36

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
IRWD
IRWD
ISPO
ISPO
Q4 25
$47.7M
Q3 25
$122.1M
$55.5M
Q2 25
$85.2M
$63.1M
Q1 25
$41.1M
$65.9M
Q4 24
$90.5M
$63.1M
Q3 24
$91.6M
$69.1M
Q2 24
$94.4M
$67.4M
Q1 24
$74.9M
$80.2M
Net Profit
IRWD
IRWD
ISPO
ISPO
Q4 25
$-2.3M
Q3 25
$40.1M
$-4.5M
Q2 25
$23.6M
$-5.3M
Q1 25
$-37.4M
$1.6M
Q4 24
$2.3M
$-2.3M
Q3 24
$3.6M
$4.3M
Q2 24
$-860.0K
$-8.7M
Q1 24
$-4.2M
$1.3M
Gross Margin
IRWD
IRWD
ISPO
ISPO
Q4 25
Q3 25
31.4%
Q2 25
27.5%
Q1 25
38.8%
Q4 24
34.7%
Q3 24
71.5%
Q2 24
24.0%
Q1 24
39.5%
Operating Margin
IRWD
IRWD
ISPO
ISPO
Q4 25
14.3%
Q3 25
61.8%
-8.0%
Q2 25
53.2%
-8.3%
Q1 25
-70.7%
2.5%
Q4 24
34.8%
-3.2%
Q3 24
28.0%
9.8%
Q2 24
26.5%
-22.8%
Q1 24
14.7%
3.0%
Net Margin
IRWD
IRWD
ISPO
ISPO
Q4 25
-4.8%
Q3 25
32.8%
-8.1%
Q2 25
27.7%
-8.4%
Q1 25
-90.9%
2.5%
Q4 24
2.5%
-3.6%
Q3 24
4.0%
6.3%
Q2 24
-0.9%
-12.9%
Q1 24
-5.6%
1.6%
EPS (diluted)
IRWD
IRWD
ISPO
ISPO
Q4 25
$0.01
Q3 25
$0.23
$-0.36
Q2 25
$0.14
$-0.42
Q1 25
$-0.23
$0.12
Q4 24
$0.03
$0.98
Q3 24
$0.02
$0.62
Q2 24
$-0.01
$-2.33
Q1 24
$-0.03
$-0.18

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
ISPO
ISPO
Cash + ST InvestmentsLiquidity on hand
$215.5M
$13.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$-134.0M
Total Assets
$396.9M
$228.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
ISPO
ISPO
Q4 25
$215.5M
Q3 25
$140.4M
$13.7M
Q2 25
$92.9M
$16.7M
Q1 25
$108.5M
$16.4M
Q4 24
$88.6M
$21.8M
Q3 24
$88.2M
$13.5M
Q2 24
$105.5M
$18.8M
Q1 24
$121.5M
$22.6M
Total Debt
IRWD
IRWD
ISPO
ISPO
Q4 25
Q3 25
$199.5M
Q2 25
$199.3M
Q1 25
$199.2M
Q4 24
$199.0M
Q3 24
$198.8M
Q2 24
$198.6M
Q1 24
$398.3M
Stockholders' Equity
IRWD
IRWD
ISPO
ISPO
Q4 25
$-261.8M
Q3 25
$-264.2M
$-134.0M
Q2 25
$-308.2M
$-129.7M
Q1 25
$-334.1M
$-125.2M
Q4 24
$-301.3M
$-129.9M
Q3 24
$-311.3M
$-134.6M
Q2 24
$-321.7M
$-35.2M
Q1 24
$-330.5M
$-27.5M
Total Assets
IRWD
IRWD
ISPO
ISPO
Q4 25
$396.9M
Q3 25
$396.1M
$228.3M
Q2 25
$342.9M
$252.6M
Q1 25
$327.2M
$270.1M
Q4 24
$350.9M
$273.9M
Q3 24
$389.5M
$273.3M
Q2 24
$395.6M
$301.7M
Q1 24
$438.8M
$313.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IRWD
IRWD
ISPO
ISPO
Operating Cash FlowLast quarter
$74.6M
$-2.2M
Free Cash FlowOCF − Capex
$74.6M
$-3.0M
FCF MarginFCF / Revenue
156.3%
-5.4%
Capex IntensityCapex / Revenue
0.0%
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$-31.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
ISPO
ISPO
Q4 25
$74.6M
Q3 25
$47.6M
$-2.2M
Q2 25
$-15.1M
$1.1M
Q1 25
$20.0M
$-6.6M
Q4 24
$15.2M
$-15.8M
Q3 24
$9.9M
$-13.7M
Q2 24
$33.5M
$-1.8M
Q1 24
$45.0M
$-7.2M
Free Cash Flow
IRWD
IRWD
ISPO
ISPO
Q4 25
$74.6M
Q3 25
$47.6M
$-3.0M
Q2 25
$-15.1M
$468.0K
Q1 25
$19.9M
$-7.5M
Q4 24
$-21.2M
Q3 24
$9.9M
$-14.8M
Q2 24
$33.4M
$-3.7M
Q1 24
$44.9M
$-8.5M
FCF Margin
IRWD
IRWD
ISPO
ISPO
Q4 25
156.3%
Q3 25
39.0%
-5.4%
Q2 25
-17.7%
0.7%
Q1 25
48.4%
-11.4%
Q4 24
-33.7%
Q3 24
10.8%
-21.5%
Q2 24
35.4%
-5.5%
Q1 24
60.0%
-10.6%
Capex Intensity
IRWD
IRWD
ISPO
ISPO
Q4 25
0.0%
Q3 25
0.0%
1.4%
Q2 25
0.0%
1.0%
Q1 25
0.1%
1.3%
Q4 24
0.0%
8.7%
Q3 24
0.0%
1.6%
Q2 24
0.1%
2.8%
Q1 24
0.1%
1.6%
Cash Conversion
IRWD
IRWD
ISPO
ISPO
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
Q1 25
-4.09×
Q4 24
6.74×
Q3 24
2.71×
-3.16×
Q2 24
Q1 24
-5.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRWD
IRWD

Segment breakdown not available.

ISPO
ISPO

Residence And Hotel Travel$25.9M47%
Subscription$19.4M35%
Experiences And Bespoke Travel$8.0M14%
Rewards And Other Revenue$2.3M4%

Related Comparisons