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

Veris Residential, Inc. is the larger business by last-quarter revenue ($70.1M vs $47.7M, roughly 1.5× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -20.0%, a 15.2% gap on every dollar of revenue. On growth, Veris Residential, Inc. posted the faster year-over-year revenue change (3.5% vs -47.3%). Over the past eight quarters, Veris Residential, Inc.'s revenue compounded faster (1.9% CAGR vs -20.2%).

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

Veris Residential, Inc. is an American real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in apartments in New Jersey and Boston.

IRWD vs VRE — Head-to-Head

Bigger by revenue
VRE
VRE
1.5× larger
VRE
$70.1M
$47.7M
IRWD
Growing faster (revenue YoY)
VRE
VRE
+50.8% gap
VRE
3.5%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
15.2% more per $
IRWD
-4.8%
-20.0%
VRE
Faster 2-yr revenue CAGR
VRE
VRE
Annualised
VRE
1.9%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IRWD
IRWD
VRE
VRE
Revenue
$47.7M
$70.1M
Net Profit
$-2.3M
$-14.0M
Gross Margin
95.9%
Operating Margin
14.3%
-22.2%
Net Margin
-4.8%
-20.0%
Revenue YoY
-47.3%
3.5%
Net Profit YoY
-200.9%
-30.9%
EPS (diluted)
$0.01
$-0.15

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
VRE
VRE
Q1 26
$70.1M
Q4 25
$47.7M
$71.3M
Q3 25
$122.1M
$73.4M
Q2 25
$85.2M
$75.9M
Q1 25
$41.1M
$67.8M
Q4 24
$90.5M
$68.1M
Q3 24
$91.6M
$68.2M
Q2 24
$94.4M
$67.5M
Net Profit
IRWD
IRWD
VRE
VRE
Q1 26
$-14.0M
Q4 25
$-2.3M
$-203.0K
Q3 25
$40.1M
$75.2M
Q2 25
$23.6M
$10.9M
Q1 25
$-37.4M
$-10.7M
Q4 24
$2.3M
$-12.4M
Q3 24
$3.6M
$-9.7M
Q2 24
$-860.0K
$2.9M
Gross Margin
IRWD
IRWD
VRE
VRE
Q1 26
95.9%
Q4 25
97.2%
Q3 25
96.8%
Q2 25
97.2%
Q1 25
95.9%
Q4 24
97.1%
Q3 24
96.9%
Q2 24
97.3%
Operating Margin
IRWD
IRWD
VRE
VRE
Q1 26
-22.2%
Q4 25
14.3%
-0.9%
Q3 25
61.8%
Q2 25
53.2%
15.8%
Q1 25
-70.7%
-20.4%
Q4 24
34.8%
-21.9%
Q3 24
28.0%
-16.2%
Q2 24
26.5%
2.2%
Net Margin
IRWD
IRWD
VRE
VRE
Q1 26
-20.0%
Q4 25
-4.8%
-0.3%
Q3 25
32.8%
102.4%
Q2 25
27.7%
14.4%
Q1 25
-90.9%
-15.8%
Q4 24
2.5%
-18.3%
Q3 24
4.0%
-14.2%
Q2 24
-0.9%
4.3%
EPS (diluted)
IRWD
IRWD
VRE
VRE
Q1 26
$-0.15
Q4 25
$0.01
$0.00
Q3 25
$0.23
$0.80
Q2 25
$0.14
$0.12
Q1 25
$-0.23
$-0.12
Q4 24
$0.03
$-0.14
Q3 24
$0.02
$-0.10
Q2 24
$-0.01
$0.03

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
VRE
VRE
Cash + ST InvestmentsLiquidity on hand
$215.5M
$9.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$1.1B
Total Assets
$396.9M
$2.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
VRE
VRE
Q1 26
$9.4M
Q4 25
$215.5M
$14.1M
Q3 25
$140.4M
$8.8M
Q2 25
$92.9M
$11.4M
Q1 25
$108.5M
$7.6M
Q4 24
$88.6M
$7.3M
Q3 24
$88.2M
$12.8M
Q2 24
$105.5M
$18.4M
Total Debt
IRWD
IRWD
VRE
VRE
Q1 26
Q4 25
$1.4B
Q3 25
$199.5M
Q2 25
$199.3M
Q1 25
$199.2M
Q4 24
$199.0M
$1.7B
Q3 24
$198.8M
Q2 24
$198.6M
Stockholders' Equity
IRWD
IRWD
VRE
VRE
Q1 26
$1.1B
Q4 25
$-261.8M
$1.2B
Q3 25
$-264.2M
$1.2B
Q2 25
$-308.2M
$1.1B
Q1 25
$-334.1M
$1.1B
Q4 24
$-301.3M
$1.1B
Q3 24
$-311.3M
$1.1B
Q2 24
$-321.7M
$1.1B
Total Assets
IRWD
IRWD
VRE
VRE
Q1 26
$2.7B
Q4 25
$396.9M
$2.7B
Q3 25
$396.1M
$2.8B
Q2 25
$342.9M
$3.1B
Q1 25
$327.2M
$3.0B
Q4 24
$350.9M
$3.0B
Q3 24
$389.5M
$3.0B
Q2 24
$395.6M
$3.0B
Debt / Equity
IRWD
IRWD
VRE
VRE
Q1 26
Q4 25
1.18×
Q3 25
Q2 25
Q1 25
Q4 24
1.52×
Q3 24
Q2 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
VRE
VRE
Operating Cash FlowLast quarter
$74.6M
$14.0M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
VRE
VRE
Q1 26
$14.0M
Q4 25
$74.6M
$76.0M
Q3 25
$47.6M
$13.5M
Q2 25
$-15.1M
$23.8M
Q1 25
$20.0M
$13.2M
Q4 24
$15.2M
$52.3M
Q3 24
$9.9M
$13.9M
Q2 24
$33.5M
$10.8M
Free Cash Flow
IRWD
IRWD
VRE
VRE
Q1 26
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
Q3 24
$9.9M
Q2 24
$33.4M
FCF Margin
IRWD
IRWD
VRE
VRE
Q1 26
Q4 25
156.3%
Q3 25
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
Q3 24
10.8%
Q2 24
35.4%
Capex Intensity
IRWD
IRWD
VRE
VRE
Q1 26
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Cash Conversion
IRWD
IRWD
VRE
VRE
Q1 26
Q4 25
Q3 25
1.19×
0.18×
Q2 25
-0.64×
2.18×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
Q2 24
3.71×

Financial Flow Comparison

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

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