15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 7.7% per year over the past 5 years.
Operating margin has expanded, at -4.9% in the latest year.
Financial health
Total debt has grown faster than revenue (29.3% vs 7.7% per year).
The company is unprofitable; at its current free-cash-flow burn it has roughly 2.7 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$53M
-$4M
36.5%
-4.9%
-90.1%
-15.2%
-$2M
—
$6M
2024
$49M
-$9M
40.1%
-17.1%
-424.9%
-30.6%
-$7M
$3M
$2M
2023
$52M
-$10M
42.0%
-19.3%
-100.5%
-27.8%
-$7M
—
$7M
2022
$57M
-$8M
44.5%
-13.2%
-43.8%
-17.8%
-$10M
—
$14M
2022
$54M
-$5M
42.4%
-14.0%
-22.4%
-10.7%
$8M
—
$24M
2021
$36M
-$6M
42.8%
-18.1%
-36.4%
-22.6%
-$3M
$1M
$12M
2019
$43M
-$9M
41.3%
-20.7%
-38.8%
-25.3%
-$8M
—
$13M
2018
$43M
-$13M
41.0%
-30.2%
-42.8%
-30.7%
-$10M
—
$21M
2017
$42M
-$13M
37.3%
-31.0%
-42.2%
-30.9%
-$4M
—
$22M
2016
—
-$12M
—
—
-29.9%
-24.3%
—
—
$24M
2016
—
$474000
—
—
1.4%
1.1%
-$1M
—
$10M
2015
—
$10M
—
—
29.8%
24.0%
$3M
—
$13M
2013
—
$2M
—
—
8.6%
6.6%
$387000
—
$13M
2012
—
$1M
—
—
6.6%
5.0%
-$2M
—
$12M
2011
—
$3M
—
—
11.6%
8.1%
$2M
—
$11M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jul '26
$13M
-$1M
34.2%
-8.2%
-34.8%
-4.6%
$124000
—
$5M
Apr '26
$12M
-$524000
40.2%
-2.7%
-11.1%
-1.9%
-$1M
—
$5M
Sep '25
$12M
-$2M
32.1%
-11.3%
-33.6%
-5.5%
-$1M
—
$6M
Jun '25
$14M
-$994000
34.5%
-6.9%
-16.4%
-3.1%
-$410000
—
$7M
Mar '25
$12M
-$2M
42.5%
-1.7%
-197.9%
-4.9%
-$1M
—
$7M
Dec '24
$13M
-$834000
44.0%
-4.0%
-39.8%
-2.9%
-$1M
$3M
$2M
Sep '24
$12M
-$2M
37.3%
-16.1%
-73.7%
-6.4%
-$3M
$3M
$4M
Jun '24
$13M
-$3M
40.7%
-20.9%
-63.1%
-8.6%
-$1M
—
$4M
Mar '24
$12M
-$3M
37.9%
-28.0%
-53.4%
-10.2%
-$2M
—
$5M
Dec '23
$12M
-$3M
39.2%
-24.7%
-31.1%
-8.6%
-$947000
—
$7M
Sep '23
$13M
-$2M
43.7%
-13.1%
-14.5%
-5.0%
-$2M
—
$8M
Jul '23
$13M
-$3M
41.7%
-22.5%
-20.6%
-7.5%
-$1M
—
$10M
Apr '23
$14M
-$2M
43.3%
-17.1%
-13.2%
-5.1%
-$3M
—
$11M
Dec '22
$15M
-$1M
43.9%
-9.3%
-6.7%
-2.7%
-$2M
—
$14M
Oct '22
$15M
-$2M
44.1%
-11.6%
-9.8%
-3.9%
-$2M
—
$16M
Jul '22
$14M
-$2M
45.6%
-15.7%
-11.5%
-4.9%
-$3M
—
$18M
Apr '22
$13M
-$2M
44.6%
-17.0%
-11.2%
-5.0%
-$3M
—
$21M
Jan '22
$15M
-$2M
39.3%
-15.7%
-10.5%
-5.0%
-$2M
—
$24M
Oct '21
$13M
-$2M
43.6%
-16.3%
-8.5%
-4.3%
-$695000
—
$26M
Jul '21
$13M
$1M
45.5%
-8.5%
5.2%
2.8%
-$1M
—
$26M
Valuation over time
How the market has priced IRIX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 0.7× (Mar '23) to 0.2× (Sep '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is IRIX growing its revenue and profit?
Over the past 5 years, IRIDEX CORP's revenue has grown 7.7% per year. These are computed facts, not advice.
How much debt does IRIX have?
As of FY2026, IRIDEX CORP reported — of total debt against $6M of cash.
What is IRIX's profit margin?
In FY2026, gross margin was 36.5%, operating margin -4.9%, and net margin -8.4%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.