Iridex (IRIX) Operating Margin (2010 - 2026)

Iridex's Operating Margin history runs 17 years deep, the most recent figure standing at 2.75% for Q2 2026.

• In Q2 2026, Operating Margin fell 102.0% year-over-year to 2.75%; the TTM figure through Apr 2026 stood at 1.98% (down 450.0% YoY), while the FY2026 annual figure was 1.75%, up 207.0% from the prior year.
• Operating Margin was 2.75% for Q2 2026 at Iridex, down from 11.1% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 46.81% in Q4 2024 to a low of 28.0% in Q1 2024.
• Historically, Operating Margin has averaged 9.17% across 5 years, with a median of 12.36% in 2022.
• The sharpest annual moves came in 2024 and 2026: Operating Margin jumped 7154 bps in 2024, then tumbled 3571 bps in 2026.
• A 5-year view of Operating Margin shows it stood at 9.28% in 2022, then slumped by 167 bps to 24.73% in 2023, then surged by 289 bps to 46.81% in 2024, then slumped by 124 bps to 11.3% in 2025, then jumped by 76 bps to 2.75% in 2026.
• The last three Operating Margin figures came in at 2.75% (Q2 2026), 11.1% (Q1 2026), and 11.3% (Q3 2025), per Business Quant data.