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Opus Genetics

IRD

Opus Genetics is a clinical-stage biopharmaceutical company focused on developing gene therapies to restore vision and prevent blindness in patients with inherited retinal diseases.

Market cap
$331.91M+397%
Revenue$12.0M-12.2%
Net income-$106.9M-82.4%
EPS (diluted)-$1.33+36.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 12, 2026 (in a month)
Revenue estimate$2.6M
EPS estimate-$0.15

Financials

Q1 2026

Income statement

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Revenue$2.2M-50.6%
Operating income-$14.4M-44.7%
Net income-$65.5M-700%
EPS (diluted)-$0.75-213%

Balance sheet

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Cash & equivalents$60.0M+43.5%
Total debt$1.2M
Total equity-$45.8M-1,004%
Total assets$66.8M+38.7%

Cash flow

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Operating cash flow-$12.7M-41.5%

Valuation & ratios

Valuation

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Market cap$331.91M+397%
Enterprise value$273.15M+884%
P/S27.7×+23.9×

Profitability

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Operating margin-359.1%-68.9pp
Net margin-892.4%-12,322pp

Returns & leverage

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Current ratio7.1×+5.2×

Competitors

Profile

Opus Genetics is a clinical-stage biopharmaceutical company focused on developing gene therapies to restore vision and prevent blindness in patients with inherited retinal diseases. The company utilizes adeno-associated virus (AAV) vectors to deliver functional genes directly to the retina, targeting rare genetic mutations with high unmet medical needs. Its value proposition is built on a portfolio approach that combines durable, one-time gene therapies with a small-molecule platform for common ophthalmic disorders.

Competitive position

A clinical-stage innovator in the rare ophthalmic gene therapy space with a diversified pipeline and a strategic commercial partnership for its lead small-molecule product.

GeographiesUnited States, Global
Customer segmentsRare disease patients, Healthcare providers, Pharmaceutical partners
Business modelResearch and Development, Licensing and Royalties, Biotechnology R&D
SuppliersContract Development and Manufacturing Organizations (CDMOs), Academic research institutions, Clinical trial sites, Specialized plasmid and vector suppliers
CustomersSpecialized ophthalmic treatment centers, Pharmaceutical distributors, Strategic licensing partners
Listed2020
Employees14.0
CEOGeorge Magrath
FilingsSEC EDGAR

Questions, answered.

What is Opus Genetics's market cap?
Opus Genetics (IRD) has a market capitalization of $331.9M and trades on XNAS.
What is Opus Genetics's revenue and profitability?
Opus Genetics generated $12.0M in trailing twelve-month revenue with a net loss of $106.9M, representing a net margin of -892.4%. These figures are based on the Q1 2026 filing.
Who are Opus Genetics's competitors?
Opus Genetics's key competitors include MeiraGTX, Lenz Therapeutics, AbbVie, and others. These companies compete in similar markets and product categories.
Who does Opus Genetics partner with?
Opus Genetics's notable partners include Viatris, Inc., University of Pennsylvania, University of Florida, and others.
Where is Opus Genetics headquartered?
Opus Genetics is headquartered in United States of America and employs approximately 14 people. It has been publicly traded since 2020.