Brainsway vs Iridex
Brainsway and Iridex are similar in size: $52.2m and $52.7m of revenue in their latest fiscal years. Brainsway grew faster (27.3% against 8.2%). Brainsway kept more of each dollar of sales as profit: a net margin of 14.5% against -8.4%. Brainsway carries less debt relative to equity (0.0% against 75.9%).
| Latest fiscal year | BrainswayBWAY, 2025 | IridexIRIX, 2025 |
|---|---|---|
| Revenue | $52.2m | $52.7m |
| Revenue growth | 27.3% | 8.2% |
| Net income | $7.6m | −$4.4m |
| Operating margin | 8.3% | -4.9% |
| Net margin | 14.5% | -8.4% |
| Return on equity | 11.2% | -126.4% |
| Free cash flow | $17.5m | −$2.3m |
| Cash | $67.7m | $6.0m |
| Total debt | $0 | $3.7m |
| Debt to equity | 0.0% | 75.9% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 93 |
| Market value | $436m | $12.7m |
| Price vs our value range | Below our value range | — |
| Moat score | — | 34 (Weak) |
| Insider trades, 12 months | 0 buys, 7 sales | 83 buys, 0 sales |