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

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $43.2M, roughly 1.1× ATRenew Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs -4.8%, a 21.7% gap on every dollar of revenue.

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

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

IRWD vs RERE — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.1× larger
IRWD
$47.7M
$43.2M
RERE
Higher net margin
RERE
RERE
21.7% more per $
RERE
16.9%
-4.8%
IRWD

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
IRWD
IRWD
RERE
RERE
Revenue
$47.7M
$43.2M
Net Profit
$-2.3M
$7.3M
Gross Margin
Operating Margin
14.3%
Net Margin
-4.8%
16.9%
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
RERE
RERE
Q4 25
$47.7M
Q3 25
$122.1M
Q2 25
$85.2M
Q1 25
$41.1M
Q4 24
$90.5M
Q3 24
$91.6M
Q2 24
$94.4M
Q1 24
$74.9M
Net Profit
IRWD
IRWD
RERE
RERE
Q4 25
$-2.3M
Q3 25
$40.1M
Q2 25
$23.6M
Q1 25
$-37.4M
Q4 24
$2.3M
Q3 24
$3.6M
Q2 24
$-860.0K
Q1 24
$-4.2M
Operating Margin
IRWD
IRWD
RERE
RERE
Q4 25
14.3%
Q3 25
61.8%
Q2 25
53.2%
Q1 25
-70.7%
Q4 24
34.8%
Q3 24
28.0%
Q2 24
26.5%
Q1 24
14.7%
Net Margin
IRWD
IRWD
RERE
RERE
Q4 25
-4.8%
Q3 25
32.8%
Q2 25
27.7%
Q1 25
-90.9%
Q4 24
2.5%
Q3 24
4.0%
Q2 24
-0.9%
Q1 24
-5.6%
EPS (diluted)
IRWD
IRWD
RERE
RERE
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
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$215.5M
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$557.1M
Total Assets
$396.9M
$722.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
RERE
RERE
Q4 25
$215.5M
Q3 25
$140.4M
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
RERE
RERE
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
RERE
RERE
Q4 25
$-261.8M
Q3 25
$-264.2M
Q2 25
$-308.2M
Q1 25
$-334.1M
Q4 24
$-301.3M
Q3 24
$-311.3M
Q2 24
$-321.7M
Q1 24
$-330.5M
Total Assets
IRWD
IRWD
RERE
RERE
Q4 25
$396.9M
Q3 25
$396.1M
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
RERE
RERE
Operating Cash FlowLast quarter
$74.6M
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
RERE
RERE
Q4 25
$74.6M
Q3 25
$47.6M
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
RERE
RERE
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
RERE
RERE
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
RERE
RERE
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
RERE
RERE
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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