vs

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

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $24.9M, roughly 1.9× Volato Group, Inc.). Volato Group, Inc. runs the higher net margin — 14.5% vs -4.8%, a 19.3% gap on every dollar of revenue. On growth, Volato Group, Inc. posted the faster year-over-year revenue change (13632.0% vs -47.3%).

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

Volato Aeronaves also known as Volato Aeronaves e Compósitos Ltda is a Brazilian aircraft manufacturer.

IRWD vs SOAR — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.9× larger
IRWD
$47.7M
$24.9M
SOAR
Growing faster (revenue YoY)
SOAR
SOAR
+13679.4% gap
SOAR
13632.0%
-47.3%
IRWD
Higher net margin
SOAR
SOAR
19.3% more per $
SOAR
14.5%
-4.8%
IRWD

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
IRWD
IRWD
SOAR
SOAR
Revenue
$47.7M
$24.9M
Net Profit
$-2.3M
$3.6M
Gross Margin
15.2%
Operating Margin
14.3%
3.5%
Net Margin
-4.8%
14.5%
Revenue YoY
-47.3%
13632.0%
Net Profit YoY
-200.9%
121.3%
EPS (diluted)
$0.01
$0.75

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
SOAR
SOAR
Q4 25
$47.7M
Q3 25
$122.1M
Q2 25
$85.2M
$24.9M
Q1 25
$41.1M
$25.5M
Q4 24
$90.5M
Q3 24
$91.6M
$38.5M
Q2 24
$94.4M
Q1 24
$74.9M
Net Profit
IRWD
IRWD
SOAR
SOAR
Q4 25
$-2.3M
Q3 25
$40.1M
Q2 25
$23.6M
$3.6M
Q1 25
$-37.4M
$455.0K
Q4 24
$2.3M
Q3 24
$3.6M
$-4.4M
Q2 24
$-860.0K
Q1 24
$-4.2M
Gross Margin
IRWD
IRWD
SOAR
SOAR
Q4 25
Q3 25
Q2 25
15.2%
Q1 25
17.6%
Q4 24
Q3 24
16.6%
Q2 24
Q1 24
Operating Margin
IRWD
IRWD
SOAR
SOAR
Q4 25
14.3%
Q3 25
61.8%
Q2 25
53.2%
3.5%
Q1 25
-70.7%
9.9%
Q4 24
34.8%
Q3 24
28.0%
5.5%
Q2 24
26.5%
Q1 24
14.7%
Net Margin
IRWD
IRWD
SOAR
SOAR
Q4 25
-4.8%
Q3 25
32.8%
Q2 25
27.7%
14.5%
Q1 25
-90.9%
1.8%
Q4 24
2.5%
Q3 24
4.0%
-11.5%
Q2 24
-0.9%
Q1 24
-5.6%
EPS (diluted)
IRWD
IRWD
SOAR
SOAR
Q4 25
$0.01
Q3 25
$0.23
Q2 25
$0.14
$0.75
Q1 25
$-0.23
$0.03
Q4 24
$0.03
Q3 24
$0.02
$-3.76
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
SOAR
SOAR
Cash + ST InvestmentsLiquidity on hand
$215.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$-7.1M
Total Assets
$396.9M
$13.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
SOAR
SOAR
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
SOAR
SOAR
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
SOAR
SOAR
Q4 25
$-261.8M
Q3 25
$-264.2M
Q2 25
$-308.2M
$-7.1M
Q1 25
$-334.1M
$-15.8M
Q4 24
$-301.3M
Q3 24
$-311.3M
$-19.6M
Q2 24
$-321.7M
Q1 24
$-330.5M
Total Assets
IRWD
IRWD
SOAR
SOAR
Q4 25
$396.9M
Q3 25
$396.1M
Q2 25
$342.9M
$13.0M
Q1 25
$327.2M
$23.4M
Q4 24
$350.9M
Q3 24
$389.5M
$47.9M
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
SOAR
SOAR
Operating Cash FlowLast quarter
$74.6M
$848.0K
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
0.24×
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
SOAR
SOAR
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-15.1M
$848.0K
Q1 25
$20.0M
$-312.0K
Q4 24
$15.2M
Q3 24
$9.9M
$-3.1M
Q2 24
$33.5M
Q1 24
$45.0M
Free Cash Flow
IRWD
IRWD
SOAR
SOAR
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
Q3 24
$9.9M
$-3.2M
Q2 24
$33.4M
Q1 24
$44.9M
FCF Margin
IRWD
IRWD
SOAR
SOAR
Q4 25
156.3%
Q3 25
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
Q3 24
10.8%
-8.2%
Q2 24
35.4%
Q1 24
60.0%
Capex Intensity
IRWD
IRWD
SOAR
SOAR
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
0.0%
Q1 25
0.1%
0.0%
Q4 24
0.0%
Q3 24
0.0%
0.1%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
IRWD
IRWD
SOAR
SOAR
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
0.24×
Q1 25
-0.69×
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.

Related Comparisons