IRIX on Nasdaq

IRIDEX CORP

American electromedical and electrotherapeutic apparatus company.

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Last updated Oct 18, 2026.

Overview

$52.7MRevenue, fiscal 20262
-$4.4MNet income, fiscal 20262

Compare with EDAP TMS SA, Electromed, Inc. or Stereotaxis, Inc., or pick any stock.

  • TickerIRIX on Nasdaq
  • IndustryElectromedical & Electrotherapeutic Apparatus
  • HeadquartersDE
  • Incorporated inDE3
  • Business address1212 Terra Bella Ave, Mountain View, Ca 940433
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

36.5%Gross margin2
-4.9%Operating margin2
-8.4%Net margin2
-90.1%Return on equity2
-$2.3MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Retina brought in 57% of the revenue IRIDEX CORP broke down this way in fiscal 2025.

  1. Retina$30.3M257%up 9% from 2024
  2. Cyclo G Six$13.8M226%up 9% from 2024
  3. Product and Service, Other$8.6M216%up 5% from 2024
  4. Service$1.3K20%down 7% from 2024
Products and services by year
Products and services20242025
Retina$27.8M$30.3M
Cyclo G Six$12.7M$13.8M
Product and Service, Other$8.1M$8.6M
Service$1.4K$1.3K

Regions

United States brought in 44% of the revenue IRIDEX CORP broke down this way in fiscal 2025.

  1. United States$23.2M244%up 2% from 2024
  2. Europe, Middle East and Africa$14.4M227%up 22% from 2024
  3. Asia Pacific$13.0M225%up 8% from 2024
  4. Americas Excluding U S$2.1M24%down 4% from 2024
Regions by year
Regions20242025
United States$22.7M$23.2M
Europe, Middle East and Africa$11.8M$14.4M
Asia Pacific$11.9M$13.0M
Americas Excluding U S$2.2M$2.1M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue63¢$33.4M
  • Research and development7¢$3.7M
  • Other costs29¢$15.5M
  • Income tax0¢$57.0K

Out of $52.7M in revenue.2 The company lost money this year.

Financial statements

Revenue45672$52.7M in 2026+21% since 2019
0$20.0M$40.0M$60.0M2019: $43.4M$43.4M20192021: $36.3M$36.3M2021−16%2022: $57.0M$57.0M2022+57%2023: $51.9M$51.9M2023−9%2024: $48.7M$48.7M2024−6%2026: $52.7M$52.7M2026+8%
Gross profit45672$19.2M in 2026+7% since 2019
0$10.0M$20.0M$30.0M2019: $17.9M$17.9M20192021: $15.6M$15.6M2021−13%2022: $25.4M$25.4M2022+63%2023: $21.8M$21.8M2023−14%2024: $19.5M$19.5M2024−11%2026: $19.2M$19.2M2026−1%
Operating income45672-$2.6M in 2026−71% since 2019
-$15.0M-$10.0M-$5.0M02019: -$9.0M-$9.0M20192021: -$6.6M-$6.6M2021−27%2022: -$7.5M-$7.5M2022+15%2023: -$10.0M-$10.0M2023+33%2024: -$8.3M-$8.3M2024−17%2026: -$2.6M-$2.6M2026−69%
Net income45672-$4.4M in 2026−50% since 2019
-$10.0M-$7.5M-$5.0M-$2.5M02019: -$8.8M-$8.8M20192021: -$6.3M-$6.3M2021−28%2022: -$7.5M-$7.5M2022+19%2023: -$9.6M-$9.6M2023+27%2024: -$8.9M-$8.9M2024−7%2026: -$4.4M-$4.4M2026−50%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-12-312024-12-31
Total revenues$52.7M$48.7M
Cost of revenues$33.4M$29.2M
Gross profit$19.2M$19.5M
Research and development$3.7M$5.4M
Sales and marketing$10.4M$12.6M
General and administrative$7.7M$9.8M
Total operating expenses$21.8M$27.8M
Loss from operations-$2.6M-$8.3M
Other expense, net-$1.8M-$540.0K
Loss from operations before provision for income taxes-$4.4M-$8.8M
Provision for income taxes$57.0K$68.0K
Net loss-$4.4M-$8.9M
Basic-$0.26-$0.54
Diluted-$0.26-$0.54
Basic16.9M shares16.4M shares
Diluted16.9M shares16.4M shares

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Leadership

Who has led IRIDEX CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Barry G. Caldwell2006
  2. Theodore A. Boutacoff2008–2010
  3. Dominik Beck2011
  4. William M. Moore2012–2019
  5. David Bruce2019–2024
  6. Patrick Mercer2024–now

Chair

  1. Theodore A. Boutacoff2008–2010
  2. William M. Moore2012–2019

President

  1. Barry G. Caldwell2006
  2. Theodore A. Boutacoff2008–2010
  3. Dominik Beck2011
  4. David Bruce2019–2022
  5. Patrick Mercer2024–now

Chief financial officer

  1. Larry Tannenbaum2006
  2. Meryl Rains2007
  3. James H. Mackaness2008–2015
  4. Atabak Mokari2016–2018
  5. Fuad Ahmad2020
  6. Romeo R. Dizon2025–now

Chief operating officer

  1. James H. Mackaness2012–2015
  2. Patrick Mercer2019–2024
2010201520202025
Board members and other officers (27)

Timeline

  1. Nov 8, 2024New chief executive Patrick Mercer becomes CEO11
  2. May 23, 2019New chief executive David Bruce becomes CEO12
  3. Sep 7, 2012New chief executive William M. Moore becomes CEO13
  4. Oct 12, 2011New chief executive Dominik Beck becomes CEO14
  5. Nov 21, 2008New chief executive Theodore A. Boutacoff becomes CEO15
  6. Jun 5, 2006New chief executive Barry G. Caldwell becomes CEO16

Filings

273 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 54 major events, 157 insider forms, 5 large holders, 2 private raises, 35 other. The latest 20:

  1. Oct 13, 20264 EDGAR
  2. Oct 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  3. Oct 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  4. Oct 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  5. Oct 5, 20264 EDGAR
  6. Sep 16, 20264 EDGAR
  7. Sep 14, 20264 EDGAR
  8. Sep 10, 20264 EDGAR
  9. Sep 2, 20268-K EDGAR
  10. Aug 24, 20264 EDGAR
  11. Aug 18, 202610-Q EDGAR
  12. Aug 18, 20268-K EDGAR
  13. Jul 16, 20268-K EDGAR
  14. Jul 14, 20264 EDGAR
  15. Jul 14, 20264 EDGAR
  16. Jul 13, 2026SCHEDULE 13D/A EDGAR
  17. Jul 8, 20264 EDGAR
  18. Jun 18, 20268-K EDGAR
  19. Jun 16, 20264 EDGAR
  20. Jun 16, 20264 EDGAR

The 273 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 5 such filings since October 2021:

  1. Jul 13, 2026SCHEDULE 13D/A
  2. Jan 8, 2026SCHEDULE 13D
  3. Nov 23, 2022SC 13D
  4. Sep 20, 2022SC 13D
  5. Feb 10, 2022SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Mar 19, 2025Raised $10 million in a private offering of securities Form D: $20 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 29. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Vanguard Capital Management LLC514,593$589.2K0.0%No change
Renaissance Technologies LLC423,542$485.0K0.0%+26,915
Morgan Stanley305,193$349.4K0.0%New
Weber Capital Management LLC /adv180,451$206.6K0.2%−79,107
Geode Capital Management, LLC138,960$159.2K0.0%−21,199
Citadel Advisors LLC98,950$113.3K0.0%+38,099
Perkins Capital Management Inc70,800$81.1K0.1%+15,500
Vanguard Fiduciary Trust Co60,155$68.9K0.0%No change
State Street Corp44,718$51.2K0.0%No change
Goldman Sachs Group Inc40,454$46.3K0.0%+2,833
United Capital Financial Advisors, LLC35,529$40.7K0.0%−22,000
XTX Topco Ltd29,190$33.4K0.0%New
Susquehanna International Group, Llp27,459$31.4K0.0%−1,460
Diversify Advisory Services, LLC33,840$30.1K0.0%New
Diversify Wealth Management, LLC33,840$30.1K0.0%No change
Bank of New York Mellon Corp25,649$29.4K0.0%No change
Northern Trust Corp23,983$27.5K0.0%+2,675
BlackRock, Inc.20,260$23.2K0.0%No change
Thompson Davis & Co., Inc.15,444$17.7K0.0%−32,000
Citigroup Inc14,172$16.2K0.0%New
Centiva Capital, LP13,920$15.9K0.0%New
HighTower Advisors, LLC10,000$11.4K0.0%No change
Vanguard Global Advisers, LLC3,963$4.5K0.0%No change
Tower Research Capital LLC (TRC)3,095$3.5K0.0%+1,003
Group One Trading LLC1,100$1.3K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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