Filing Flows › Iridex (IRIX) › Q2 2026
Iridex (IRIX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 18, 2026
Iridex (IRIX) reported revenue of $12.6M for the second quarter 2026 (Q2 2026), -7% from a year earlier and +7% from the quarter before. Operating margin was -8.2%, net loss $1.3M (10.1% of revenue).
Iridex, Q2 2026: revenue $12.6M (-7% year over year), operating margin -8.2%, net loss $1.3M, operating cash flow $174K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.6M | +7% | -7% |
| Operating profit | −$1.0M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | $174K | — | — |
| Free cash flow | $124K | — | — |
What changed
Revenue was $12.6M in Q2 2026, down 7% year over year and up 7% from the previous quarter. Retina was the largest line at 52% of revenue. Retina lost $1.6M year over year (down 19%), 155% of the total change.
Gross margin was 34.2%, down 0.3 points from Q2 2025. Operating costs exceeded revenue by $1.0M, an operating margin of -8.2%. Operating expenses fell 5% while revenue fell 7%. The quarter ended with a net loss of $1.3M, wider than the previous quarter's $524K loss.
Operating cash flow was $174K. Non-cash charges added back $86K of depreciation and amortization and $212K of share-based compensation. Working capital and other items added $1.1M. Capital expenditures of $50K left free cash flow of $124K.
Questions
What was Iridex's revenue in the second quarter 2026?
Iridex (IRIX) reported revenue of $12.6M for the second quarter 2026 (Q2 2026), -7% from a year earlier and +7% from the quarter before.
Was Iridex profitable in the second quarter 2026?
Operating loss was $1.0M (-8.2% of revenue) and net loss $1.3M.
Source: Iridex 10-Q on SEC EDGAR.