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Iridex vs electroCore: IRIX and ECOR compared
Iridex is the larger company: $12.6M of revenue in its latest quarter (Q2 2026) against $9.7M for electroCore (Q3 2026). electroCore is growing faster (+12% against -7% a year earlier). Iridex is more profitable, with an operating margin of -8.2% against -16.1%.
Where the money goes: IRIX and ECOR
Iridex (IRIX) · Q2 2026
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.
electroCore (ECOR) · Q3 2026
electroCore, Q3 2026: revenue $9.7M (+12% year over year), operating margin -16.1%, net loss $1.3M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Iridex (IRIX) | electroCore (ECOR) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $12.6M | $9.7M |
| Revenue growth, Y/Y | -7% | +12% |
| Operating margin | -8.2% | -16.1% |
| Net earnings | −$1.3M | −$1.3M |
| Net margin | -10.1% | -13.8% |
| Operating cash flow | $174K | −$2.8M |
| Free cash flow | $124K | — |
Where the revenue comes from
Iridex
- Retina: $6.5M (52%)
- Cyclo G Six: $3.9M (31%)
- Product and Service Other: $2.2M (17%)
Questions
Which is bigger, Iridex or electroCore?
Iridex is the larger company: $12.6M of revenue in its latest quarter (Q2 2026) against $9.7M for electroCore (Q3 2026).
Is Iridex or electroCore growing faster?
electroCore is growing faster (+12% against -7% a year earlier).
Which is more profitable, Iridex or electroCore?
Iridex is more profitable, with an operating margin of -8.2% against -16.1%.
More: Iridex earnings · how Iridex makes money · electroCore earnings · how electroCore makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 18, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.