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

Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $47.7M, roughly 1.3× IRONWOOD PHARMACEUTICALS INC). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs -20.2%).

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

Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.

IRWD vs OUST — Head-to-Head

Bigger by revenue
OUST
OUST
1.3× larger
OUST
$62.2M
$47.7M
IRWD
Growing faster (revenue YoY)
OUST
OUST
+153.9% gap
OUST
106.6%
-47.3%
IRWD
More free cash flow
IRWD
IRWD
$111.8M more FCF
IRWD
$74.6M
$-37.2M
OUST
Faster 2-yr revenue CAGR
OUST
OUST
Annualised
OUST
54.8%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
OUST
OUST
Revenue
$47.7M
$62.2M
Net Profit
$-2.3M
Gross Margin
60.2%
Operating Margin
14.3%
1.5%
Net Margin
-4.8%
Revenue YoY
-47.3%
106.6%
Net Profit YoY
-200.9%
EPS (diluted)
$0.01
$0.10

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
OUST
OUST
Q4 25
$47.7M
$62.2M
Q3 25
$122.1M
$39.5M
Q2 25
$85.2M
$35.0M
Q1 25
$41.1M
$32.6M
Q4 24
$90.5M
$30.1M
Q3 24
$91.6M
$28.1M
Q2 24
$94.4M
$27.0M
Q1 24
$74.9M
$25.9M
Net Profit
IRWD
IRWD
OUST
OUST
Q4 25
$-2.3M
Q3 25
$40.1M
$-21.7M
Q2 25
$23.6M
$-20.6M
Q1 25
$-37.4M
$-22.0M
Q4 24
$2.3M
Q3 24
$3.6M
$-25.6M
Q2 24
$-860.0K
$-23.9M
Q1 24
$-4.2M
$-23.8M
Gross Margin
IRWD
IRWD
OUST
OUST
Q4 25
60.2%
Q3 25
42.1%
Q2 25
45.2%
Q1 25
41.3%
Q4 24
43.8%
Q3 24
38.3%
Q2 24
33.7%
Q1 24
28.6%
Operating Margin
IRWD
IRWD
OUST
OUST
Q4 25
14.3%
1.5%
Q3 25
61.8%
-61.4%
Q2 25
53.2%
-76.5%
Q1 25
-70.7%
-73.0%
Q4 24
34.8%
-85.1%
Q3 24
28.0%
-98.0%
Q2 24
26.5%
-93.6%
Q1 24
14.7%
-99.5%
Net Margin
IRWD
IRWD
OUST
OUST
Q4 25
-4.8%
Q3 25
32.8%
-55.0%
Q2 25
27.7%
-58.8%
Q1 25
-90.9%
-67.5%
Q4 24
2.5%
Q3 24
4.0%
-91.1%
Q2 24
-0.9%
-88.4%
Q1 24
-5.6%
-91.9%
EPS (diluted)
IRWD
IRWD
OUST
OUST
Q4 25
$0.01
$0.10
Q3 25
$0.23
$-0.37
Q2 25
$0.14
$-0.38
Q1 25
$-0.23
$-0.42
Q4 24
$0.03
$-0.46
Q3 24
$0.02
$-0.54
Q2 24
$-0.01
$-0.53
Q1 24
$-0.03
$-0.55

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
OUST
OUST
Cash + ST InvestmentsLiquidity on hand
$215.5M
$208.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$261.7M
Total Assets
$396.9M
$349.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
OUST
OUST
Q4 25
$215.5M
$208.6M
Q3 25
$140.4M
$244.5M
Q2 25
$92.9M
$226.5M
Q1 25
$108.5M
$168.2M
Q4 24
$88.6M
$172.0M
Q3 24
$88.2M
$151.4M
Q2 24
$105.5M
$184.2M
Q1 24
$121.5M
$187.8M
Total Debt
IRWD
IRWD
OUST
OUST
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
OUST
OUST
Q4 25
$-261.8M
$261.7M
Q3 25
$-264.2M
$247.4M
Q2 25
$-308.2M
$221.0M
Q1 25
$-334.1M
$167.9M
Q4 24
$-301.3M
$180.9M
Q3 24
$-311.3M
$171.7M
Q2 24
$-321.7M
$170.6M
Q1 24
$-330.5M
$167.2M
Total Assets
IRWD
IRWD
OUST
OUST
Q4 25
$396.9M
$349.5M
Q3 25
$396.1M
$353.8M
Q2 25
$342.9M
$321.8M
Q1 25
$327.2M
$268.6M
Q4 24
$350.9M
$276.1M
Q3 24
$389.5M
$255.2M
Q2 24
$395.6M
$309.9M
Q1 24
$438.8M
$317.7M

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
OUST
OUST
Operating Cash FlowLast quarter
$74.6M
$-15.4M
Free Cash FlowOCF − Capex
$74.6M
$-37.2M
FCF MarginFCF / Revenue
156.3%
-59.8%
Capex IntensityCapex / Revenue
0.0%
35.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$-64.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
OUST
OUST
Q4 25
$74.6M
$-15.4M
Q3 25
$47.6M
$-18.3M
Q2 25
$-15.1M
$-1.3M
Q1 25
$20.0M
$-4.9M
Q4 24
$15.2M
$-2.6M
Q3 24
$9.9M
$-3.8M
Q2 24
$33.5M
$-21.6M
Q1 24
$45.0M
$-5.7M
Free Cash Flow
IRWD
IRWD
OUST
OUST
Q4 25
$74.6M
$-37.2M
Q3 25
$47.6M
$-20.0M
Q2 25
$-15.1M
$-2.2M
Q1 25
$19.9M
$-5.4M
Q4 24
$-4.0M
Q3 24
$9.9M
$-4.3M
Q2 24
$33.4M
$-22.0M
Q1 24
$44.9M
$-7.1M
FCF Margin
IRWD
IRWD
OUST
OUST
Q4 25
156.3%
-59.8%
Q3 25
39.0%
-50.7%
Q2 25
-17.7%
-6.3%
Q1 25
48.4%
-16.6%
Q4 24
-13.3%
Q3 24
10.8%
-15.4%
Q2 24
35.4%
-81.5%
Q1 24
60.0%
-27.4%
Capex Intensity
IRWD
IRWD
OUST
OUST
Q4 25
0.0%
35.0%
Q3 25
0.0%
4.3%
Q2 25
0.0%
2.5%
Q1 25
0.1%
1.7%
Q4 24
0.0%
4.8%
Q3 24
0.0%
2.0%
Q2 24
0.1%
1.3%
Q1 24
0.1%
5.3%
Cash Conversion
IRWD
IRWD
OUST
OUST
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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