Opus Genetics, Inc.(IRD)Stock Analysis
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Quality rankings require at least $50M annual revenue or $250M total assets to filter out micro-caps and shell companies. This company reported $39.9M in revenue.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
IRD Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Opus Genetics, Inc. (IRD), a Healthcare sector company. IRD is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least $50m annual revenue or $250m total assets to filter out micro-caps and shell companies. this company reported $39.9m in revenue. Based on the latest XBRL financial filings (Q1 2026), Opus Genetics, Inc. reports quarterly revenue of $2.2M, net income of $-65.5M, free cash flow of $-12.7M. Top institutional holders of IRD by reported 13-F value include Caligan Partners, ADAGE CAPITAL PARTNERS GP, L.L.C., BIOS Capital Management,, based on the most recent SEC filings. IRD trades on the Nasdaq exchange and files with the SEC under CIK 1228627. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate IRD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Opus Genetics, Inc. directly from SEC EDGAR.
Revenue
Q1 2026
$2.2M
Net Income
Q1 2026
$-65.5M
Free Cash Flow
Q1 2026
$-12.7M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+29.1% YoYNet Income
+13.8% YoYOperating Income
+37.8% YoYEPS (Diluted)
+62.8% YoYTotal Assets
+36.3% YoYTotal Debt
Op. Cash Flow
-37.8% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $14.2M +29.1% | $11.0M -42.3% | $19.0M +3134.1% | $589.0K -80.4% | $3.0M | — |
| Net Income | $-49.6M +13.8% | $-57.5M -476.1% | $-10.0M +82.4% | $-56.7M -819.0% | $-6.2M +57.1% | $-14.4M |
| Operating Income | $-38.6M +37.8% | $-62.1M -487.7% | $-10.6M +53.5% | $-22.7M -441.5% | $-4.2M +79.6% | $-20.5M |
| EPS (Diluted) | $-0.80 +62.8% | $-2.15 -367.4% | $-0.46 +88.0% | $-3.82 | — | — |
| Total Assets | $50.2M +36.3% | $36.9M -31.7% | $53.9M +106.9% | $26.1M +1361.7% | $1.8M -88.9% | $16.0M |
| Total Debt | $1.1M | $0.00 | — | $538.0K | — | — |
| Operating Cash Flow | $-35.3M -37.8% | $-25.6M -2200.0% | $-1.1M +94.3% | $-19.4M -439.1% | $-3.6M +80.9% | $-18.8M |
AI Insight: IRD Financial Trends
Opus Genetics burned through equity to negative territory in Q1 2026, with revenue collapsing 50% while operating losses widened.
• Revenue declined from $4M in Q4 2025 to $2M in Q1 2026, a 50% sequential drop. Full-year 2025 revenue of $14M showed no growth trajectory.
• Net losses accelerated sharply: Q1 2026 posted $66M loss versus $17M in Q4 2025, depleting equity to negative $46M.
• Operating cash flow remains deeply negative: $13M outflow in Q1 2026 with no signs of stabilization across eight quarters.
⚠ Company entered negative equity territory; solvency and runway to profitability now critical. No clear path to cash flow breakeven visible.
⚠ Operating income deteriorated to $14M loss in Q1 2026 after improving to $8M loss in Q3 2025. Trend reversal suggests operational stress.
AI Insight: IRD Ratio Trends
Opus Genetics remains unprofitable with sparse recent data; leverage briefly spiked in Q3 2025 before normalizing.
• Net profit margin deteriorated to -194.6% in Q3 2024 and -187.5% in Q1 2025, indicating sustained operating losses.
• Return on assets worsened from -69.3% in Q2 2024 to -76.8% in Q2 2025, signaling deteriorating asset efficiency.
• Debt-to-equity ratio spiked to 0.18 in Q3 2025, highest on record, before moderating to 0.07 in Q4 2025.
⚠ Consistent negative profitability across multiple quarters raises sustainability concerns without clear path to breakeven.
⚠ Data availability drops significantly from Q3 2025 onward; lack of recent metrics limits visibility on operational trajectory.
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Available Research
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Top Institutional Holders of IRD
Caligan Partners LP
$27.6M6,075,028 shADAGE CAPITAL PARTNERS GP, L.L.C.
$27.4M6,029,775 shBIOS Capital Management, LP
$16.8M3,683,429 shBALYASNY ASSET MANAGEMENT L.P.
$12.4M2,718,029 shMILLENNIUM MANAGEMENT LLC
$12.0M2,630,432 shVANGUARD CAPITAL MANAGEMENT LLC
$11.1M2,449,987 shMARSHALL WACE, LLP
$10.5M2,313,380 shBoxer Capital Management, LLC
$10.2M2,250,000 shADAR1 Capital Management, LLC
$8.4M1,849,004 shPERCEPTIVE ADVISORS LLC
$8.4M1,835,842 sh
| Fund | Value | Shares |
|---|---|---|
| Caligan Partners LP | $27.6M | 6,075,028 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $27.4M | 6,029,775 |
| BIOS Capital Management, LP | $16.8M | 3,683,429 |
| BALYASNY ASSET MANAGEMENT L.P. | $12.4M | 2,718,029 |
| MILLENNIUM MANAGEMENT LLC | $12.0M | 2,630,432 |
| VANGUARD CAPITAL MANAGEMENT LLC | $11.1M | 2,449,987 |
| MARSHALL WACE, LLP | $10.5M | 2,313,380 |
| Boxer Capital Management, LLC | $10.2M | 2,250,000 |
| ADAR1 Capital Management, LLC | $8.4M | 1,849,004 |
| PERCEPTIVE ADVISORS LLC | $8.4M | 1,835,842 |
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Popular Research
Is IRD a good stock to buy?
13F Pro's AI-powered analysis of Opus Genetics, Inc. (IRD) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for IRD are available on the IRD stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own IRD?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling IRD. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Opus Genetics, Inc.'s investment landscape.