OG

Opus Genetics, Inc.

IRDยทNASDAQ

$4.20

+5.3%
HealthcareBiotechnology

Opus Genetics, Inc., a clinical-stage ophthalmic biopharmaceutical company, focuses on developing and commercializing therapies for the treatment of unmet needs of patients with refractive and retinal eye disorders. The company offers Phentolamine Ophthalmic Solution for reversal of mydriasis, as well as is in Phase III clinical trials for presbyopia and dim light or night vision disturbances. Its lead retinal product candidate is APX3330, a small-molecule inhibitor of reduction oxidation effector factor-1 protein that has completed Phase II clinical trial for the treatment of diabetic retinopathy. The company also develops APX2009 and APX2014 that are preclinical product candidates for retina indications. The company was formerly known as Ocuphire Pharma, Inc. Opus Genetics, Inc. was founded in 2018 and is headquartered in Farmington Hills, Michigan.

At a Glance

Live Snapshot
Market Cap$341.86M
EPS-0.8000
P/E Ratio-5.25
Earnings Date08/12/2026
3Y+3.0%
5Y+184.0%
10Y+2716.0%
3Y+1168.0%
5Y+12.0%
10Y+273.0%
3Y-67.0%
5Y-214.0%
10Y-303.0%
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Opus Genetics, Inc. Funding & Solvency Profile

IRD ยท NASDAQ
Cash & Cash Equivalents45.09M
Net Receivables3.17M
Inventory0.00
Other Current Assets1.79M
Total Current Assets50 M
Property, Plant & Equipment199.00K
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets199 K
Total Assets
50.24M

Financial Health Analysis

Current Ratio

6.43x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

2.27x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

42 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

100% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

Opus Genetics, Inc. Balance Sheet

IRD โ€ข NASDAQ

Opus Genetics, Inc. Balance SheetDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
ASSETS
CURRENT ASSETS
45.1M
30.3M
50.5M
42.6M
24.5M
16.4M
1.5M
0.0
2K
15K
49K
219K
0.0
0.0
45.1M
30.3M
50.5M
42.7M
24.8M
16.4M
1.5M
3.2M
5.8M
2.3M
4.9M
0.0
0.0
125K
3.2M
3.6M
926K
1.3M
0.0
0.0
0.0
0.0
2.2M
1.4M
3.6M
0.0
0.0
125K
0.0
0.0
997K
1.4M
1.2M
1.2M
19K
1.8M
515K
102K
80K
71K
26K
81K
50M
36.6M
53.9M
49M
26.1M
17.7M
1.8M
NON-CURRENT ASSETS
199K
252K
0.0
6K
10K
14K
22K
199K
252K
0.0
6K
10K
14K
22K
50.2M
36.9M
53.9M
49M
26.1M
17.7M
1.8M
LIABILITIES
CURRENT LIABILITIES
3.3M
3.1M
2.2M
1.4M
1.6M
1.2M
342K
3.3M
3.1M
2.2M
1.1M
1.6M
1.2M
342K
0.0
0.0
0.0
315K
0.0
0.0
0.0
0.0
8.1M
1.8M
1.4M
1.7M
2M
621K
0.0
0.0
0.0
0.0
538K
0.0
5.7M
0.0
0.0
0.0
315K
0.0
0.0
0.0
4.5M
2K
74K
0.0
0.0
0.0
2.7M
7.8M
11.3M
4M
2.8M
3.9M
3.2M
9.3M
NON-CURRENT LIABILITIES
27.1M
18.8M
0.0
0.0
0.0
28M
0.0
27.1M
18.8M
0.0
0.0
0.0
28M
0.0
34.9M
30.1M
4M
2.8M
3.9M
31.1M
9.3M
SHAREHOLDERS' EQUITY
7K
3K
2K
2K
2K
1K
0.0
203.9M
145.7M
131.4M
117.7M
111.6M
19.2M
495K
-188.6M
-139M
-81.5M
-71.5M
-89.4M
-32.7M
-8.1M
15.3M
6.7M
49.9M
46.2M
22.2M
-13.5M
-7.6M
15.3M
6.7M
49.9M
46.2M
22.2M
-13.5M
-7.6M
SUMMARY
50.2M
36.9M
53.9M
49M
26.1M
17.7M
1.8M
0.0
2K
15K
49K
219K
0.0
0.0
0.0
0.0
0.0
0.0
538K
0.0
5.7M
-45.1M
-30.3M
-50.5M
-42.6M
-24M
-16.4M
4.1M
59,908,055
59,908,055
59,908,055
59,908,055
59,908,055
59,908,055
59,908,055

SEC Filings

IRD - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 12, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 12, 2026
May 12, 2026
2026
8-K

8-K 2026

N/A

April 24, 2026
April 21, 2026
2026
8-K

8-K 2026

N/A

April 22, 2026
April 20, 2026
2026
S-3/A

S-3/A (Amended)

N/A

April 21, 2026
April 21, 2026
ย 
8-K

8-K 2026

N/A

April 07, 2026
April 01, 2026
2026
8-K

8-K 2026

N/A

April 07, 2026
April 02, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 23, 2026
April 20, 2026
2026
S-3

S-3

N/A

March 13, 2026
March 13, 2026
ย 
10-K

10-K 2025 FY

FY

March 12, 2026
December 31, 2025
2025
Showing 1 to 10 of 334 filings