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

Vera Bradley, Inc. is the larger business by last-quarter revenue ($62.3M vs $47.7M, roughly 1.3× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -19.9%, a 15.1% gap on every dollar of revenue. On growth, Vera Bradley, Inc. posted the faster year-over-year revenue change (-22.7% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-4.5M). Over the past eight quarters, Vera Bradley, Inc.'s revenue compounded faster (16.1% CAGR vs -20.2%).

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

Vera Bradley Sales, LLC is an American luggage and handbag design company, founded by Barbara Bradley Baekgaard and Patricia R. Miller in 1982. As of 2019, its home office is in Fort Wayne, Indiana. The company was named after Baekgaard's mother. Its original luxury cotton bag product lines have expanded to include fashion and home accessories, office supplies, and patterned gifts. Many items have distinctive florals, paisleys, or geometric prints with complementary linings, as well as elonga...

IRWD vs VRA — Head-to-Head

Bigger by revenue
VRA
VRA
1.3× larger
VRA
$62.3M
$47.7M
IRWD
Growing faster (revenue YoY)
VRA
VRA
+24.6% gap
VRA
-22.7%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
15.1% more per $
IRWD
-4.8%
-19.9%
VRA
More free cash flow
IRWD
IRWD
$79.0M more FCF
IRWD
$74.6M
$-4.5M
VRA
Faster 2-yr revenue CAGR
VRA
VRA
Annualised
VRA
16.1%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IRWD
IRWD
VRA
VRA
Revenue
$47.7M
$62.3M
Net Profit
$-2.3M
$-12.4M
Gross Margin
42.1%
Operating Margin
14.3%
-19.6%
Net Margin
-4.8%
-19.9%
Revenue YoY
-47.3%
-22.7%
Net Profit YoY
-200.9%
3.4%
EPS (diluted)
$0.01
$-0.44

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
VRA
VRA
Q4 25
$47.7M
$62.3M
Q3 25
$122.1M
$70.9M
Q2 25
$85.2M
$51.7M
Q1 25
$41.1M
$100.0M
Q4 24
$90.5M
$70.5M
Q3 24
$91.6M
$94.0M
Q2 24
$94.4M
$67.9M
Q1 24
$74.9M
$46.2M
Net Profit
IRWD
IRWD
VRA
VRA
Q4 25
$-2.3M
$-12.4M
Q3 25
$40.1M
$-4.7M
Q2 25
$23.6M
$-33.5M
Q1 25
$-37.4M
$-47.0M
Q4 24
$2.3M
$-12.8M
Q3 24
$3.6M
$5.7M
Q2 24
$-860.0K
$-8.1M
Q1 24
$-4.2M
$-1.9M
Gross Margin
IRWD
IRWD
VRA
VRA
Q4 25
42.1%
Q3 25
50.1%
Q2 25
44.1%
Q1 25
45.0%
Q4 24
54.5%
Q3 24
49.7%
Q2 24
50.1%
Q1 24
37.2%
Operating Margin
IRWD
IRWD
VRA
VRA
Q4 25
14.3%
-19.6%
Q3 25
61.8%
-6.5%
Q2 25
53.2%
-34.6%
Q1 25
-70.7%
-23.3%
Q4 24
34.8%
-11.6%
Q3 24
28.0%
2.5%
Q2 24
26.5%
-15.6%
Q1 24
14.7%
-3.6%
Net Margin
IRWD
IRWD
VRA
VRA
Q4 25
-4.8%
-19.9%
Q3 25
32.8%
-6.6%
Q2 25
27.7%
-64.8%
Q1 25
-90.9%
-47.0%
Q4 24
2.5%
-18.2%
Q3 24
4.0%
6.1%
Q2 24
-0.9%
-12.0%
Q1 24
-5.6%
-4.0%
EPS (diluted)
IRWD
IRWD
VRA
VRA
Q4 25
$0.01
$-0.44
Q3 25
$0.23
$-0.17
Q2 25
$0.14
$-1.20
Q1 25
$-0.23
$-1.62
Q4 24
$0.03
$-0.46
Q3 24
$0.02
$0.19
Q2 24
$-0.01
$-0.26
Q1 24
$-0.03
$-0.06

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
VRA
VRA
Cash + ST InvestmentsLiquidity on hand
$215.5M
$10.7M
Total DebtLower is stronger
$10.0M
Stockholders' EquityBook value
$-261.8M
$128.1M
Total Assets
$396.9M
$243.7M
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
VRA
VRA
Q4 25
$215.5M
$10.7M
Q3 25
$140.4M
$15.2M
Q2 25
$92.9M
$11.3M
Q1 25
$108.5M
$30.4M
Q4 24
$88.6M
$13.7M
Q3 24
$88.2M
$44.1M
Q2 24
$105.5M
$55.2M
Q1 24
$121.5M
$77.3M
Total Debt
IRWD
IRWD
VRA
VRA
Q4 25
$10.0M
Q3 25
$199.5M
$10.0M
Q2 25
$199.3M
Q1 25
$199.2M
$0
Q4 24
$199.0M
Q3 24
$198.8M
Q2 24
$198.6M
Q1 24
$398.3M
Stockholders' Equity
IRWD
IRWD
VRA
VRA
Q4 25
$-261.8M
$128.1M
Q3 25
$-264.2M
$140.5M
Q2 25
$-308.2M
$146.0M
Q1 25
$-334.1M
$179.0M
Q4 24
$-301.3M
$225.2M
Q3 24
$-311.3M
$242.5M
Q2 24
$-321.7M
$245.9M
Q1 24
$-330.5M
$259.9M
Total Assets
IRWD
IRWD
VRA
VRA
Q4 25
$396.9M
$243.7M
Q3 25
$396.1M
$266.2M
Q2 25
$342.9M
$267.9M
Q1 25
$327.2M
$306.7M
Q4 24
$350.9M
$359.0M
Q3 24
$389.5M
$379.2M
Q2 24
$395.6M
$368.7M
Q1 24
$438.8M
$380.8M
Debt / Equity
IRWD
IRWD
VRA
VRA
Q4 25
0.08×
Q3 25
0.07×
Q2 25
Q1 25
0.00×
Q4 24
Q3 24
Q2 24
Q1 24

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
VRA
VRA
Operating Cash FlowLast quarter
$74.6M
$-4.0M
Free Cash FlowOCF − Capex
$74.6M
$-4.5M
FCF MarginFCF / Revenue
156.3%
-7.2%
Capex IntensityCapex / Revenue
0.0%
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
VRA
VRA
Q4 25
$74.6M
$-4.0M
Q3 25
$47.6M
$-5.4M
Q2 25
$-15.1M
$-17.9M
Q1 25
$20.0M
$21.7M
Q4 24
$15.2M
$-22.6M
Q3 24
$9.9M
$1.4M
Q2 24
$33.5M
$-14.5M
Q1 24
$45.0M
$26.9M
Free Cash Flow
IRWD
IRWD
VRA
VRA
Q4 25
$74.6M
$-4.5M
Q3 25
$47.6M
$-6.1M
Q2 25
$-15.1M
$-19.8M
Q1 25
$19.9M
$17.3M
Q4 24
$-25.0M
Q3 24
$9.9M
$-1.4M
Q2 24
$33.4M
$-15.4M
Q1 24
$44.9M
$25.7M
FCF Margin
IRWD
IRWD
VRA
VRA
Q4 25
156.3%
-7.2%
Q3 25
39.0%
-8.7%
Q2 25
-17.7%
-38.3%
Q1 25
48.4%
17.3%
Q4 24
-35.5%
Q3 24
10.8%
-1.5%
Q2 24
35.4%
-22.7%
Q1 24
60.0%
55.7%
Capex Intensity
IRWD
IRWD
VRA
VRA
Q4 25
0.0%
0.7%
Q3 25
0.0%
1.0%
Q2 25
0.0%
3.6%
Q1 25
0.1%
4.3%
Q4 24
0.0%
3.4%
Q3 24
0.0%
3.0%
Q2 24
0.1%
1.3%
Q1 24
0.1%
2.6%
Cash Conversion
IRWD
IRWD
VRA
VRA
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
0.25×
Q2 24
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.

VRA
VRA

Bags$23.9M38%
Indirect$12.6M20%
Transferred At Point In Time$12.2M20%
Accessories$7.2M12%
Home$3.5M6%
Apparel Footwear$1.8M3%
Other Products$1.5M2%

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