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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.

VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $47.7M, roughly 1.8× IRONWOOD PHARMACEUTICALS INC). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs -4.8%, a 8.0% gap on every dollar of revenue. On growth, VINCE HOLDING CORP. posted the faster year-over-year revenue change (6.2% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-5.7M). Over the past eight quarters, VINCE HOLDING CORP.'s revenue compounded faster (6.3% CAGR vs -20.2%).

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

VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.

IRWD vs VNCE — Head-to-Head

Bigger by revenue
VNCE
VNCE
1.8× larger
VNCE
$85.1M
$47.7M
IRWD
Growing faster (revenue YoY)
VNCE
VNCE
+53.5% gap
VNCE
6.2%
-47.3%
IRWD
Higher net margin
VNCE
VNCE
8.0% more per $
VNCE
3.2%
-4.8%
IRWD
More free cash flow
IRWD
IRWD
$80.3M more FCF
IRWD
$74.6M
$-5.7M
VNCE
Faster 2-yr revenue CAGR
VNCE
VNCE
Annualised
VNCE
6.3%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IRWD
IRWD
VNCE
VNCE
Revenue
$47.7M
$85.1M
Net Profit
$-2.3M
$2.7M
Gross Margin
49.2%
Operating Margin
14.3%
6.4%
Net Margin
-4.8%
3.2%
Revenue YoY
-47.3%
6.2%
Net Profit YoY
-200.9%
-37.3%
EPS (diluted)
$0.01
$0.21

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
VNCE
VNCE
Q4 25
$47.7M
$85.1M
Q3 25
$122.1M
$73.2M
Q2 25
$85.2M
$57.9M
Q1 25
$41.1M
$80.0M
Q4 24
$90.5M
$80.2M
Q3 24
$91.6M
$74.2M
Q2 24
$94.4M
$59.2M
Q1 24
$74.9M
$75.3M
Net Profit
IRWD
IRWD
VNCE
VNCE
Q4 25
$-2.3M
$2.7M
Q3 25
$40.1M
$12.1M
Q2 25
$23.6M
$-4.8M
Q1 25
$-37.4M
$-28.3M
Q4 24
$2.3M
$4.3M
Q3 24
$3.6M
$569.0K
Q2 24
$-860.0K
$4.4M
Q1 24
$-4.2M
$-4.7M
Gross Margin
IRWD
IRWD
VNCE
VNCE
Q4 25
49.2%
Q3 25
50.4%
Q2 25
50.3%
Q1 25
50.1%
Q4 24
50.0%
Q3 24
47.4%
Q2 24
50.6%
Q1 24
45.4%
Operating Margin
IRWD
IRWD
VNCE
VNCE
Q4 25
14.3%
6.4%
Q3 25
61.8%
15.2%
Q2 25
53.2%
-7.7%
Q1 25
-70.7%
-37.1%
Q4 24
34.8%
7.2%
Q3 24
28.0%
1.5%
Q2 24
26.5%
9.5%
Q1 24
14.7%
-2.2%
Net Margin
IRWD
IRWD
VNCE
VNCE
Q4 25
-4.8%
3.2%
Q3 25
32.8%
16.5%
Q2 25
27.7%
-8.3%
Q1 25
-90.9%
-35.5%
Q4 24
2.5%
5.4%
Q3 24
4.0%
0.8%
Q2 24
-0.9%
7.4%
Q1 24
-5.6%
-6.2%
EPS (diluted)
IRWD
IRWD
VNCE
VNCE
Q4 25
$0.01
$0.21
Q3 25
$0.23
$0.93
Q2 25
$0.14
$-0.37
Q1 25
$-0.23
$-2.25
Q4 24
$0.03
$0.34
Q3 24
$0.02
$0.05
Q2 24
$-0.01
$0.35
Q1 24
$-0.03
$-0.37

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
VNCE
VNCE
Cash + ST InvestmentsLiquidity on hand
$215.5M
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$53.4M
Total Assets
$396.9M
$246.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
VNCE
VNCE
Q4 25
$215.5M
$1.1M
Q3 25
$140.4M
$777.0K
Q2 25
$92.9M
$2.6M
Q1 25
$108.5M
$607.0K
Q4 24
$88.6M
$892.0K
Q3 24
$88.2M
$711.0K
Q2 24
$105.5M
$739.0K
Q1 24
$121.5M
$357.0K
Total Debt
IRWD
IRWD
VNCE
VNCE
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
VNCE
VNCE
Q4 25
$-261.8M
$53.4M
Q3 25
$-264.2M
$49.3M
Q2 25
$-308.2M
$37.2M
Q1 25
$-334.1M
$41.8M
Q4 24
$-301.3M
$57.1M
Q3 24
$-311.3M
$52.4M
Q2 24
$-321.7M
$51.7M
Q1 24
$-330.5M
$47.2M
Total Assets
IRWD
IRWD
VNCE
VNCE
Q4 25
$396.9M
$246.0M
Q3 25
$396.1M
$239.0M
Q2 25
$342.9M
$218.0M
Q1 25
$327.2M
$222.7M
Q4 24
$350.9M
$254.7M
Q3 24
$389.5M
$253.6M
Q2 24
$395.6M
$223.1M
Q1 24
$438.8M
$225.1M

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
VNCE
VNCE
Operating Cash FlowLast quarter
$74.6M
$-5.1M
Free Cash FlowOCF − Capex
$74.6M
$-5.7M
FCF MarginFCF / Revenue
156.3%
-6.7%
Capex IntensityCapex / Revenue
0.0%
0.7%
Cash ConversionOCF / Net Profit
-1.86×
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
VNCE
VNCE
Q4 25
$74.6M
$-5.1M
Q3 25
$47.6M
$4.2M
Q2 25
$-15.1M
$-11.8M
Q1 25
$20.0M
$22.7M
Q4 24
$15.2M
$6.4M
Q3 24
$9.9M
$-3.2M
Q2 24
$33.5M
$-3.9M
Q1 24
$45.0M
$14.8M
Free Cash Flow
IRWD
IRWD
VNCE
VNCE
Q4 25
$74.6M
$-5.7M
Q3 25
$47.6M
$2.1M
Q2 25
$-15.1M
$-13.2M
Q1 25
$19.9M
$21.2M
Q4 24
$5.1M
Q3 24
$9.9M
$-3.9M
Q2 24
$33.4M
$-4.6M
Q1 24
$44.9M
$14.2M
FCF Margin
IRWD
IRWD
VNCE
VNCE
Q4 25
156.3%
-6.7%
Q3 25
39.0%
2.9%
Q2 25
-17.7%
-22.9%
Q1 25
48.4%
26.5%
Q4 24
6.4%
Q3 24
10.8%
-5.2%
Q2 24
35.4%
-7.8%
Q1 24
60.0%
18.9%
Capex Intensity
IRWD
IRWD
VNCE
VNCE
Q4 25
0.0%
0.7%
Q3 25
0.0%
2.9%
Q2 25
0.0%
2.5%
Q1 25
0.1%
1.9%
Q4 24
0.0%
1.6%
Q3 24
0.0%
0.9%
Q2 24
0.1%
1.3%
Q1 24
0.1%
0.7%
Cash Conversion
IRWD
IRWD
VNCE
VNCE
Q4 25
-1.86×
Q3 25
1.19×
0.35×
Q2 25
-0.64×
Q1 25
Q4 24
6.74×
1.48×
Q3 24
2.71×
-5.61×
Q2 24
-0.89×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IRWD
IRWD

Segment breakdown not available.

VNCE
VNCE

Vince Wholesale$52.0M61%
Vince Direct To Consumer$33.1M39%

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