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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $36.5M, roughly 1.3× SmartRent, Inc.). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -8.9%, a 4.1% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $7.7M). Over the past eight quarters, SmartRent, Inc.'s revenue compounded faster (-15.0% CAGR vs -20.2%).
Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
IRWD vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.7M | $36.5M |
| Net Profit | $-2.3M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | 14.3% | -10.9% |
| Net Margin | -4.8% | -8.9% |
| Revenue YoY | -47.3% | 3.1% |
| Net Profit YoY | -200.9% | 71.6% |
| EPS (diluted) | $0.01 | $-0.02 |
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.
| Q4 25 | $47.7M | $36.5M | ||
| Q3 25 | $122.1M | $36.2M | ||
| Q2 25 | $85.2M | $38.3M | ||
| Q1 25 | $41.1M | $41.3M | ||
| Q4 24 | $90.5M | $35.4M | ||
| Q3 24 | $91.6M | $40.5M | ||
| Q2 24 | $94.4M | $48.5M | ||
| Q1 24 | $74.9M | $50.5M |
| Q4 25 | $-2.3M | $-3.2M | ||
| Q3 25 | $40.1M | $-6.3M | ||
| Q2 25 | $23.6M | $-10.9M | ||
| Q1 25 | $-37.4M | $-40.2M | ||
| Q4 24 | $2.3M | $-11.4M | ||
| Q3 24 | $3.6M | $-9.9M | ||
| Q2 24 | $-860.0K | $-4.6M | ||
| Q1 24 | $-4.2M | $-7.7M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 26.4% | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 32.8% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | 14.3% | -10.9% | ||
| Q3 25 | 61.8% | -19.4% | ||
| Q2 25 | 53.2% | -30.5% | ||
| Q1 25 | -70.7% | -99.9% | ||
| Q4 24 | 34.8% | -36.6% | ||
| Q3 24 | 28.0% | -29.0% | ||
| Q2 24 | 26.5% | -14.3% | ||
| Q1 24 | 14.7% | -20.1% |
| Q4 25 | -4.8% | -8.9% | ||
| Q3 25 | 32.8% | -17.3% | ||
| Q2 25 | 27.7% | -28.3% | ||
| Q1 25 | -90.9% | -97.2% | ||
| Q4 24 | 2.5% | -32.3% | ||
| Q3 24 | 4.0% | -24.5% | ||
| Q2 24 | -0.9% | -9.5% | ||
| Q1 24 | -5.6% | -15.2% |
| Q4 25 | $0.01 | $-0.02 | ||
| Q3 25 | $0.23 | $-0.03 | ||
| Q2 25 | $0.14 | $-0.06 | ||
| Q1 25 | $-0.23 | $-0.21 | ||
| Q4 24 | $0.03 | $-0.06 | ||
| Q3 24 | $0.02 | $-0.05 | ||
| Q2 24 | $-0.01 | $-0.02 | ||
| Q1 24 | $-0.03 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $215.5M | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-261.8M | $232.1M |
| Total Assets | $396.9M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.5M | $104.5M | ||
| Q3 25 | $140.4M | $100.0M | ||
| Q2 25 | $92.9M | $105.0M | ||
| Q1 25 | $108.5M | $125.6M | ||
| Q4 24 | $88.6M | $142.5M | ||
| Q3 24 | $88.2M | $163.4M | ||
| Q2 24 | $105.5M | $187.4M | ||
| Q1 24 | $121.5M | $204.7M |
| 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 | — |
| Q4 25 | $-261.8M | $232.1M | ||
| Q3 25 | $-264.2M | $234.4M | ||
| Q2 25 | $-308.2M | $238.8M | ||
| Q1 25 | $-334.1M | $250.7M | ||
| Q4 24 | $-301.3M | $289.4M | ||
| Q3 24 | $-311.3M | $305.1M | ||
| Q2 24 | $-321.7M | $329.4M | ||
| Q1 24 | $-330.5M | $333.1M |
| Q4 25 | $396.9M | $320.9M | ||
| Q3 25 | $396.1M | $335.8M | ||
| Q2 25 | $342.9M | $354.0M | ||
| Q1 25 | $327.2M | $366.1M | ||
| Q4 24 | $350.9M | $420.2M | ||
| Q3 24 | $389.5M | $448.6M | ||
| Q2 24 | $395.6M | $475.3M | ||
| Q1 24 | $438.8M | $485.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $74.6M | $7.7M |
| Free Cash FlowOCF − Capex | $74.6M | $7.7M |
| FCF MarginFCF / Revenue | 156.3% | 21.0% |
| Capex IntensityCapex / Revenue | 0.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $127.0M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $74.6M | $7.7M | ||
| Q3 25 | $47.6M | $-2.1M | ||
| Q2 25 | $-15.1M | $-14.9M | ||
| Q1 25 | $20.0M | $-12.2M | ||
| Q4 24 | $15.2M | $-12.0M | ||
| Q3 24 | $9.9M | $-3.7M | ||
| Q2 24 | $33.5M | $-13.9M | ||
| Q1 24 | $45.0M | $-3.3M |
| Q4 25 | $74.6M | $7.7M | ||
| Q3 25 | $47.6M | $-2.2M | ||
| Q2 25 | $-15.1M | $-16.2M | ||
| Q1 25 | $19.9M | $-14.3M | ||
| Q4 24 | — | $-13.3M | ||
| Q3 24 | $9.9M | $-3.9M | ||
| Q2 24 | $33.4M | $-14.1M | ||
| Q1 24 | $44.9M | $-3.4M |
| Q4 25 | 156.3% | 21.0% | ||
| Q3 25 | 39.0% | -6.1% | ||
| Q2 25 | -17.7% | -42.3% | ||
| Q1 25 | 48.4% | -34.7% | ||
| Q4 24 | — | -37.5% | ||
| Q3 24 | 10.8% | -9.7% | ||
| Q2 24 | 35.4% | -29.1% | ||
| Q1 24 | 60.0% | -6.7% |
| Q4 25 | 0.0% | 0.0% | ||
| Q3 25 | 0.0% | 0.2% | ||
| Q2 25 | 0.0% | 3.3% | ||
| Q1 25 | 0.1% | 5.3% | ||
| Q4 24 | 0.0% | 3.5% | ||
| Q3 24 | 0.0% | 0.6% | ||
| Q2 24 | 0.1% | 0.5% | ||
| Q1 24 | 0.1% | 0.1% |
| 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
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
