Iridex vs Senseonics Holdings
Iridex is the larger business, with $52.7m of revenue in fiscal 2025 against $35.3m for Senseonics Holdings (1.5 times as much). Senseonics Holdings grew faster (56.9% against 8.2%). Iridex kept more of each dollar of sales as profit: a net margin of -8.4% against -196.0%. Senseonics Holdings carries less debt relative to equity (65.0% against 75.9%).
| Latest fiscal year | IridexIRIX, 2025 | Senseonics HoldingsSENS, 2025 |
|---|---|---|
| Revenue | $52.7m | $35.3m |
| Revenue growth | 8.2% | 56.9% |
| Net income | −$4.4m | −$69.1m |
| Operating margin | -4.9% | -193.8% |
| Net margin | -8.4% | -196.0% |
| Return on equity | -126.4% | — |
| Free cash flow | −$2.3m | −$60.2m |
| Cash | $6.0m | $40.2m |
| Total debt | $3.7m | $39.7m |
| Debt to equity | 75.9% | 65.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 93 | 130 |
| Market value | $12.7m | $466m |
| Price vs our value range | — | — |
| Moat score | 34 (Weak) | 10 (Weak) |
| Insider trades, 12 months | 83 buys, 0 sales | 8 buys, 0 sales |