Filing Flows › Comparisons › IRIX vs VASO
Iridex vs Vaso: IRIX and VASO compared
Iridex is the larger company: $12.6M of revenue in its latest quarter (Q2 2026) against $11.2M for Vaso (Q2 2026). Iridex is growing faster (-7% against -44% a year earlier). Vaso is more profitable, with an operating margin of 8.7% against -8.2%.
Where the money goes: IRIX and VASO
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.
Vaso (VASO) · Q2 2026
Vaso, Q2 2026: revenue $11.2M (-44% year over year), operating margin 8.7%, net earnings $544K, operating cash flow $17.4M. The chart follows the revenue to costs, profit and cash.
| Iridex (IRIX) | Vaso (VASO) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $12.6M | $11.2M |
| Revenue growth, Y/Y | -7% | -44% |
| Gross margin | — | 79.5% |
| Operating margin | -8.2% | 8.7% |
| Net earnings | −$1.3M | $544K |
| Net margin | -10.1% | 4.9% |
| Operating cash flow | $174K | $17.4M |
| Free cash flow | $124K | $16.9M |
Where the revenue comes from
Iridex
- Retina: $6.5M (52%)
- Cyclo G Six: $3.9M (31%)
- Product and Service Other: $2.2M (17%)
Vaso
- Commissions: $10.5M (94%)
- Equipment Sales and Services: $693K (6%)
Questions
Which is bigger, Iridex or Vaso?
Iridex is the larger company: $12.6M of revenue in its latest quarter (Q2 2026) against $11.2M for Vaso (Q2 2026).
Is Iridex or Vaso growing faster?
Iridex is growing faster (-7% against -44% a year earlier).
Which is more profitable, Iridex or Vaso?
Vaso is more profitable, with an operating margin of 8.7% against -8.2%.
More: Iridex earnings · how Iridex makes money · Vaso earnings · how Vaso makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 18, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.