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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and Nebius Group N.V. (NBIS). Click either name above to swap in a different company.

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $32.1M, roughly 1.5× Nebius Group N.V.). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-586.8M).

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

Nebius Group N.V., headquartered in Amsterdam, is a technology company that provides artificial intelligence infrastructure. The company also owns Avride and TripleTen, as well as stakes in Toloka and Clickhouse. It is headquartered in Amsterdam with offices in Israel and the United States.

IRWD vs NBIS — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.5× larger
IRWD
$47.7M
$32.1M
NBIS
More free cash flow
IRWD
IRWD
$661.4M more FCF
IRWD
$74.6M
$-586.8M
NBIS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IRWD
IRWD
NBIS
NBIS
Revenue
$47.7M
$32.1M
Net Profit
$-2.3M
Gross Margin
Operating Margin
14.3%
-251.1%
Net Margin
-4.8%
Revenue YoY
-47.3%
Net Profit YoY
-200.9%
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
NBIS
NBIS
Q4 25
$47.7M
Q3 25
$122.1M
$32.1M
Q2 25
$85.2M
$24.2M
Q1 25
$41.1M
Q4 24
$90.5M
Q3 24
$91.6M
$79.6M
Q2 24
$94.4M
$36.3M
Q1 24
$74.9M
Net Profit
IRWD
IRWD
NBIS
NBIS
Q4 25
$-2.3M
Q3 25
$40.1M
Q2 25
$23.6M
$-185.4M
Q1 25
$-37.4M
Q4 24
$2.3M
Q3 24
$3.6M
$-258.2M
Q2 24
$-860.0K
$-118.3M
Q1 24
$-4.2M
Operating Margin
IRWD
IRWD
NBIS
NBIS
Q4 25
14.3%
Q3 25
61.8%
-251.1%
Q2 25
53.2%
-754.1%
Q1 25
-70.7%
Q4 24
34.8%
Q3 24
28.0%
-366.1%
Q2 24
26.5%
-563.1%
Q1 24
14.7%
Net Margin
IRWD
IRWD
NBIS
NBIS
Q4 25
-4.8%
Q3 25
32.8%
Q2 25
27.7%
-766.1%
Q1 25
-90.9%
Q4 24
2.5%
Q3 24
4.0%
-324.4%
Q2 24
-0.9%
-325.9%
Q1 24
-5.6%
EPS (diluted)
IRWD
IRWD
NBIS
NBIS
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
NBIS
NBIS
Cash + ST InvestmentsLiquidity on hand
$215.5M
$4.8B
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$4.8B
Total Assets
$396.9M
$10.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
NBIS
NBIS
Q4 25
$215.5M
Q3 25
$140.4M
$4.8B
Q2 25
$92.9M
$1.7B
Q1 25
$108.5M
Q4 24
$88.6M
Q3 24
$88.2M
$2.3B
Q2 24
$105.5M
$2.3B
Q1 24
$121.5M
Total Debt
IRWD
IRWD
NBIS
NBIS
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
NBIS
NBIS
Q4 25
$-261.8M
Q3 25
$-264.2M
$4.8B
Q2 25
$-308.2M
$3.8B
Q1 25
$-334.1M
Q4 24
$-301.3M
Q3 24
$-311.3M
$2.9B
Q2 24
$-321.7M
$4.3B
Q1 24
$-330.5M
Total Assets
IRWD
IRWD
NBIS
NBIS
Q4 25
$396.9M
Q3 25
$396.1M
$10.1B
Q2 25
$342.9M
$5.1B
Q1 25
$327.2M
Q4 24
$350.9M
Q3 24
$389.5M
$3.0B
Q2 24
$395.6M
$4.4B
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
NBIS
NBIS
Operating Cash FlowLast quarter
$74.6M
$-196.8M
Free Cash FlowOCF − Capex
$74.6M
$-586.8M
FCF MarginFCF / Revenue
156.3%
-1828.0%
Capex IntensityCapex / Revenue
0.0%
1215.0%
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
NBIS
NBIS
Q4 25
$74.6M
Q3 25
$47.6M
$-196.8M
Q2 25
$-15.1M
$-162.0M
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
NBIS
NBIS
Q4 25
$74.6M
Q3 25
$47.6M
$-586.8M
Q2 25
$-15.1M
$-379.9M
Q1 25
$19.9M
Q4 24
Q3 24
$9.9M
Q2 24
$33.4M
Q1 24
$44.9M
FCF Margin
IRWD
IRWD
NBIS
NBIS
Q4 25
156.3%
Q3 25
39.0%
-1828.0%
Q2 25
-17.7%
-1569.8%
Q1 25
48.4%
Q4 24
Q3 24
10.8%
Q2 24
35.4%
Q1 24
60.0%
Capex Intensity
IRWD
IRWD
NBIS
NBIS
Q4 25
0.0%
Q3 25
0.0%
1215.0%
Q2 25
0.0%
900.4%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
IRWD
IRWD
NBIS
NBIS
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.

Revenue Breakdown by Segment

IRWD
IRWD

Segment breakdown not available.

NBIS
NBIS

Nebius$27.1M84%
TripleTen$6.3M20%
Avride$100.0K0%

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