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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and Liberty Live Holdings, Inc. (LLYVA). Click either name above to swap in a different company.

Liberty Live Holdings, Inc. is the larger business by last-quarter revenue ($61.7M vs $47.7M, roughly 1.3× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -90.3%, a 85.5% gap on every dollar of revenue. On growth, Liberty Live Holdings, Inc. posted the faster year-over-year revenue change (-3.8% vs -47.3%).

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

Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.

IRWD vs LLYVA — Head-to-Head

Bigger by revenue
LLYVA
LLYVA
1.3× larger
LLYVA
$61.7M
$47.7M
IRWD
Growing faster (revenue YoY)
LLYVA
LLYVA
+43.5% gap
LLYVA
-3.8%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
85.5% more per $
IRWD
-4.8%
-90.3%
LLYVA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IRWD
IRWD
LLYVA
LLYVA
Revenue
$47.7M
$61.7M
Net Profit
$-2.3M
$-55.7M
Gross Margin
20.6%
Operating Margin
14.3%
-27.2%
Net Margin
-4.8%
-90.3%
Revenue YoY
-47.3%
-3.8%
Net Profit YoY
-200.9%
-464.7%
EPS (diluted)
$0.01

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
LLYVA
LLYVA
Q4 25
$47.7M
Q3 25
$122.1M
$61.7M
Q2 25
$85.2M
Q1 25
$41.1M
Q4 24
$90.5M
Q3 24
$91.6M
$64.2M
Q2 24
$94.4M
Q1 24
$74.9M
Net Profit
IRWD
IRWD
LLYVA
LLYVA
Q4 25
$-2.3M
Q3 25
$40.1M
$-55.7M
Q2 25
$23.6M
Q1 25
$-37.4M
Q4 24
$2.3M
Q3 24
$3.6M
$15.3M
Q2 24
$-860.0K
Q1 24
$-4.2M
Gross Margin
IRWD
IRWD
LLYVA
LLYVA
Q4 25
Q3 25
20.6%
Q2 25
Q1 25
Q4 24
Q3 24
13.2%
Q2 24
Q1 24
Operating Margin
IRWD
IRWD
LLYVA
LLYVA
Q4 25
14.3%
Q3 25
61.8%
-27.2%
Q2 25
53.2%
Q1 25
-70.7%
Q4 24
34.8%
Q3 24
28.0%
-22.6%
Q2 24
26.5%
Q1 24
14.7%
Net Margin
IRWD
IRWD
LLYVA
LLYVA
Q4 25
-4.8%
Q3 25
32.8%
-90.3%
Q2 25
27.7%
Q1 25
-90.9%
Q4 24
2.5%
Q3 24
4.0%
23.8%
Q2 24
-0.9%
Q1 24
-5.6%
EPS (diluted)
IRWD
IRWD
LLYVA
LLYVA
Q4 25
$0.01
Q3 25
$0.23
Q2 25
$0.14
Q1 25
$-0.23
Q4 24
$0.03
Q3 24
$0.02
Q2 24
$-0.01
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
LLYVA
LLYVA
Cash + ST InvestmentsLiquidity on hand
$215.5M
$375.8M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$-261.8M
$-409.2M
Total Assets
$396.9M
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
LLYVA
LLYVA
Q4 25
$215.5M
Q3 25
$140.4M
$375.8M
Q2 25
$92.9M
Q1 25
$108.5M
Q4 24
$88.6M
Q3 24
$88.2M
Q2 24
$105.5M
Q1 24
$121.5M
Total Debt
IRWD
IRWD
LLYVA
LLYVA
Q4 25
Q3 25
$199.5M
$1.9B
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
LLYVA
LLYVA
Q4 25
$-261.8M
Q3 25
$-264.2M
$-409.2M
Q2 25
$-308.2M
Q1 25
$-334.1M
Q4 24
$-301.3M
Q3 24
$-311.3M
$44.6M
Q2 24
$-321.7M
Q1 24
$-330.5M
Total Assets
IRWD
IRWD
LLYVA
LLYVA
Q4 25
$396.9M
Q3 25
$396.1M
$1.9B
Q2 25
$342.9M
Q1 25
$327.2M
Q4 24
$350.9M
Q3 24
$389.5M
Q2 24
$395.6M
Q1 24
$438.8M

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
LLYVA
LLYVA
Operating Cash FlowLast quarter
$74.6M
$-28.9M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
LLYVA
LLYVA
Q4 25
$74.6M
Q3 25
$47.6M
$-28.9M
Q2 25
$-15.1M
Q1 25
$20.0M
Q4 24
$15.2M
Q3 24
$9.9M
Q2 24
$33.5M
Q1 24
$45.0M
Free Cash Flow
IRWD
IRWD
LLYVA
LLYVA
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
Q3 24
$9.9M
Q2 24
$33.4M
Q1 24
$44.9M
FCF Margin
IRWD
IRWD
LLYVA
LLYVA
Q4 25
156.3%
Q3 25
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
Q3 24
10.8%
Q2 24
35.4%
Q1 24
60.0%
Capex Intensity
IRWD
IRWD
LLYVA
LLYVA
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
IRWD
IRWD
LLYVA
LLYVA
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
Q2 24
Q1 24

Financial Flow Comparison

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

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