Company Analysis

Opus Genetics, Inc. (IRD)

Nasdaq: IRD · Pharmaceutical Preparations · Durham, NC · filing with the SEC since 2003
Grade4.4
◀ Past 4.3● Present 2.3▶ Future 6.4
1 est.

The grade of Opus Genetics, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.4/10
◀ Past4.325% of the headline
● Present2.335% of the headline
▶ Future6.440% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.3/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
4.5/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2020-11-06.

weight 22% of this tense · 44th percentile among 497 sector filers · read for itself

From the record

Opus Genetics, Inc.'s filings since 2017 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2019-05-29); an auditor change (8-K item 4.01, the latest 2020-11-06) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.9/10

What has it actually done, year after year?

6 filed years; profitable in 1 of 6.

weight 45% of this tense · 49th percentile among 323 sector filers · read for its customers

From the record

Opus Genetics, Inc.'s 6 filed years say what it did: it rose in 2 of 4 years; the deepest fall was 72% from fiscal 2022 to fiscal 2024; net income was positive in 1 of 6 of those years (its annual reports).

What it rests on

  • the share of years revenue rosebottom 36% of its family
  • the share of filed years with a profittop 30% of its family
  • the deepest fall from a revenue peak72.4%bottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
3.3/10

How has it treated the people who own it?

SI estimate 3.3/10, confidence 35 of 100 (one part).

weight 33% of this tense · 33rd percentile among 464 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 33% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 464 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Opus Genetics, Inc.'s shareholder treatment is put at 3.3 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 33% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.3/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
1.6/10

Is it financially healthy right now?

ROE -323%: lost 323¢ per shareholder dollar. Leverage 69%: owes 69¢ per asset dollar.

weight 45% of this tense · 17th percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Opus Genetics, Inc. lost about 323 cents for every dollar of shareholders' money. Leverage: it owed about 69 cents per dollar of assets, and net share issuance: its share count grew 132.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 21% of its family
  • return on equitybottom 8% of its family
  • the share count against the year beforebottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.4/10

How strong is its position in its industry?

bottom 34% of 315 in its family; net margin -349.3%.

weight 22% of this tense · 34th percentile among 315 sector filers · read for its customers

From the record

Opus Genetics, Inc.'s standing among 315 graded names in its industry family: revenue of $14 million in fiscal 2025 ranks in the bottom 46% by size; a net margin of -349.3% ranks in the bottom 40%; revenue growth of -29.1% a year over the last 3 filed years ranks in the bottom 17% (its annual reports).

What it rests on

  • revenue against the family$14.2Mbottom 46% of its family
  • net margin-349.3%bottom 40% of its family
  • three-year revenue growth-29.1%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.3/10

What are the people in charge doing?

bottom 23% of 315 in its family for leadership; chief executive since 2023.

weight 33% of this tense · 23rd percentile among 315 sector filers · read for its shareholders

From the record

Opus Genetics, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Magrath, George (Chief Executive Officer, as filed), filing under that title since 2023-11-03, 3 years (bottom 32% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 3 years (bottom 15%); 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 22%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge10 in three years among 13 peoplebottom 22% of its family
  • the median years the people in charge have filed3.0 yearsbottom 15% of its family
  • the chief executive's years on the record3.0 yearsbottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.4/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.3/10

How much room does it have to grow?

top 37% of 273 in its family for room to expand.

weight 33% of this tense · 63rd percentile among 273 sector filers · read for itself

From the record

Opus Genetics, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $45 million against debt of $1 million leaves 87.5% of its assets as net cash, top 12% of its family; cash from operations less capital spending is -248.3% of revenue (bottom 42%); research spending of 217% of revenue (top 39%) (its annual report).

What it rests on

  • cash less debt against assets87.5%top 12% of its family
  • cash from operations less capital spending against revenue-248.3%bottom 42% of its family
  • research spending against revenue217.0%top 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.6/10

What could actually drive growth from here?

top 24% of 306 in its family for growth drivers.

weight 45% of this tense · 76th percentile among 306 sector filers · read for its customers

From the record

Opus Genetics, Inc.'s growth drivers, from the filed years to fiscal 2025: the newest year grew 29.2% (top 33%); research spending grew 29% a year (top 16%) (its annual reports). Opus Genetics, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • the newest year's revenue growth29.2%top 33% of its family
  • three-year growth of research spending29.0%top 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.8/10

Did its newest year beat what its own record pointed to?

bottom 38% of 233 in its family for expectations against reality.

weight 22% of this tense · 38th percentile among 233 sector filers · read for its shareholders

From the record

Opus Genetics, Inc.'s newest year against its own record: revenue of $14 million in fiscal 2025 came in 145.8% above the $6 million its prior three years' pace pointed to (top 12% of its family); net income of $50 million against a prior three-year average of $17 million (bottom 8%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 19%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace145.8%top 12% of its family
  • net income against the prior three years' average-200%bottom 8% of its family
  • net margin against its prior averagedown more than 100 pointsbottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton IRD · research, not advice