Filing Flows › Iridex (IRIX) › Q2 2026 › vs Q2 2025
Iridex (IRIX) Q2 2026 vs Q2 2025 (year over year)
Iridex's revenue fell $1.0M (-7%) from $13.6M in Q2 2025 to $12.6M in Q2 2026. The biggest changes: Retina −$1.6M (-19%); Cyclo G Six +$626K (+19%); Product and Service Other −$69K (-3%).
Iridex, Q2 2026: revenue $12.6M (-7% year over year), operating margin -8.2%, net loss $1.3M, operating cash flow $174K. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 1.0% | -3.0% | +4.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Retina | $6.5M | $8.0M | −$1.6M | -19% |
| Cyclo G Six | $3.9M | $3.3M | $626K | +19% |
| Product and Service Other | $2.2M | $2.2M | −$69K | -3% |
| Revenue | $12.6M | $13.6M | −$1.0M | -7% |
| Net loss | $1.3M | $994K | $272K | +27% |
| Costs & expenses | $13.8M | $14.6M | −$733K | -5% |
| Operating costs | $13.6M | $14.5M | −$916K | -6% |
| Interest & other, net | $167K | $33K | $134K | +406% |
| Income tax | $70K | $21K | $49K | +233% |
| Cost of revenue | $8.3M | $8.9M | −$619K | -7% |
| Research & development | $936K | $871K | $65K | +7% |
| Sales & marketing | $2.5M | $2.5M | $12K | +0.5% |
| General & admin | $1.8M | $2.2M | −$374K | -17% |
| Operating cash sources | $1.4M | $597K | $843K | +141% |
| Depreciation & amortization | $86K | $127K | −$41K | -32% |
| Share-based compensation | $212K | $257K | −$45K | -18% |
| Working capital & other | $1.1M | $213K | $929K | +436% |
| Net loss absorbed | $1.3M | $994K | $272K | +27% |
| Operating cash flow | $174K | −$397K | $571K | — |
| Free cash flow (OCF − capex) | $124K | −$410K | $534K | — |
| Capital expenditures | $50K | $13K | $37K | +285% |
Questions
How much did Iridex's revenue grow year over year in Q2 2026?
Iridex's revenue fell $1.0M (-7%) from $13.6M in Q2 2025 to $12.6M in Q2 2026.
What drove Iridex's revenue change in Q2 2026?
Retina −$1.6M (-19%); Cyclo G Six +$626K (+19%); Product and Service Other −$69K (-3%).