tradmap

IRIX Financials IRIDEX CORP

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
-$13M $22M $57M $0 2011 2013 2016 2017 2019 2022 2023 2026
RevenueNet income
Margins (gross / operating / net)
-31% 7% 45% 0% 2011 2013 2016 2017 2019 2022 2023 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-425% -198% 30% 0% 2011 2013 2016 2017 2019 2022 2023 2026
ROEROA
Free cash flow (CFO − capex)
-$10M -$1M $8M $0 2011 2013 2016 2017 2019 2022 2023 2026
Free cash flow
Cash vs total debt
$0 $12M $24M 2011 2013 2016 2017 2019 2022 2023 2026
CashTotal debt
Cash flow: operating / investing / financing
-$10M $177000 $10M $0 2011 2013 2016 2017 2019 2022 2023 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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

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.

Price / sales (P/S)
0.0 0.5 1.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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.