vs
Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Velocity Financial, Inc. is the larger business by last-quarter revenue ($51.6M vs $47.7M, roughly 1.1× IRONWOOD PHARMACEUTICALS INC). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -4.8%, a 72.1% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $17.9M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs -20.2%).
Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
IRWD vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.7M | $51.6M |
| Net Profit | $-2.3M | $34.8M |
| Gross Margin | — | — |
| Operating Margin | 14.3% | 97.0% |
| Net Margin | -4.8% | 67.3% |
| Revenue YoY | -47.3% | 32.8% |
| Net Profit YoY | -200.9% | 67.0% |
| EPS (diluted) | $0.01 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $122.1M | $49.1M | ||
| Q2 25 | $85.2M | $47.6M | ||
| Q1 25 | $41.1M | $37.5M | ||
| Q4 24 | $90.5M | $38.9M | ||
| Q3 24 | $91.6M | $35.1M | ||
| Q2 24 | $94.4M | $32.4M | ||
| Q1 24 | $74.9M | $29.5M |
| Q4 25 | $-2.3M | $34.8M | ||
| Q3 25 | $40.1M | $25.4M | ||
| Q2 25 | $23.6M | $26.0M | ||
| Q1 25 | $-37.4M | $18.9M | ||
| Q4 24 | $2.3M | $20.8M | ||
| Q3 24 | $3.6M | $15.8M | ||
| Q2 24 | $-860.0K | $14.8M | ||
| Q1 24 | $-4.2M | $17.3M |
| Q4 25 | 14.3% | 97.0% | ||
| Q3 25 | 61.8% | 72.1% | ||
| Q2 25 | 53.2% | 71.3% | ||
| Q1 25 | -70.7% | 71.7% | ||
| Q4 24 | 34.8% | 82.5% | ||
| Q3 24 | 28.0% | 60.6% | ||
| Q2 24 | 26.5% | 61.3% | ||
| Q1 24 | 14.7% | 78.8% |
| Q4 25 | -4.8% | 67.3% | ||
| Q3 25 | 32.8% | 51.7% | ||
| Q2 25 | 27.7% | 54.6% | ||
| Q1 25 | -90.9% | 50.4% | ||
| Q4 24 | 2.5% | 53.5% | ||
| Q3 24 | 4.0% | 45.1% | ||
| Q2 24 | -0.9% | 45.6% | ||
| Q1 24 | -5.6% | 58.5% |
| Q4 25 | $0.01 | $0.90 | ||
| Q3 25 | $0.23 | $0.65 | ||
| Q2 25 | $0.14 | $0.69 | ||
| Q1 25 | $-0.23 | $0.51 | ||
| Q4 24 | $0.03 | $0.56 | ||
| Q3 24 | $0.02 | $0.44 | ||
| Q2 24 | $-0.01 | $0.42 | ||
| Q1 24 | $-0.03 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-261.8M | $672.5M |
| Total Assets | $396.9M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.5M | $92.1M | ||
| Q3 25 | $140.4M | $99.0M | ||
| Q2 25 | $92.9M | $79.6M | ||
| Q1 25 | $108.5M | $51.7M | ||
| Q4 24 | $88.6M | $49.9M | ||
| Q3 24 | $88.2M | $44.1M | ||
| Q2 24 | $105.5M | $47.4M | ||
| Q1 24 | $121.5M | $34.8M |
| 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 | $672.5M | ||
| Q3 25 | $-264.2M | $634.3M | ||
| Q2 25 | $-308.2M | $597.9M | ||
| Q1 25 | $-334.1M | $563.2M | ||
| Q4 24 | $-301.3M | $516.9M | ||
| Q3 24 | $-311.3M | $484.6M | ||
| Q2 24 | $-321.7M | $471.3M | ||
| Q1 24 | $-330.5M | $452.9M |
| Q4 25 | $396.9M | $7.4B | ||
| Q3 25 | $396.1M | $7.0B | ||
| Q2 25 | $342.9M | $6.5B | ||
| Q1 25 | $327.2M | $6.0B | ||
| Q4 24 | $350.9M | $5.5B | ||
| Q3 24 | $389.5M | $5.2B | ||
| Q2 24 | $395.6M | $4.9B | ||
| Q1 24 | $438.8M | $4.6B |
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 | $18.2M |
| Free Cash FlowOCF − Capex | $74.6M | $17.9M |
| FCF MarginFCF / Revenue | 156.3% | 34.6% |
| Capex IntensityCapex / Revenue | 0.0% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $127.0M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $74.6M | $18.2M | ||
| Q3 25 | $47.6M | $11.5M | ||
| Q2 25 | $-15.1M | $7.7M | ||
| Q1 25 | $20.0M | $3.5M | ||
| Q4 24 | $15.2M | $37.8M | ||
| Q3 24 | $9.9M | $-17.6M | ||
| Q2 24 | $33.5M | $11.5M | ||
| Q1 24 | $45.0M | $10.6M |
| Q4 25 | $74.6M | $17.9M | ||
| Q3 25 | $47.6M | $11.4M | ||
| Q2 25 | $-15.1M | $7.6M | ||
| Q1 25 | $19.9M | $3.5M | ||
| Q4 24 | — | $37.5M | ||
| Q3 24 | $9.9M | $-17.6M | ||
| Q2 24 | $33.4M | $11.4M | ||
| Q1 24 | $44.9M | $10.5M |
| Q4 25 | 156.3% | 34.6% | ||
| Q3 25 | 39.0% | 23.2% | ||
| Q2 25 | -17.7% | 15.9% | ||
| Q1 25 | 48.4% | 9.2% | ||
| Q4 24 | — | 96.4% | ||
| Q3 24 | 10.8% | -50.3% | ||
| Q2 24 | 35.4% | 35.1% | ||
| Q1 24 | 60.0% | 35.8% |
| Q4 25 | 0.0% | 0.5% | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.0% | 0.7% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | 0.1% | 0.3% | ||
| Q1 24 | 0.1% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | 1.19× | 0.45× | ||
| Q2 25 | -0.64× | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | 6.74× | 1.81× | ||
| Q3 24 | 2.71× | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRWD
Segment breakdown not available.
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
