Essentially. The way Ali Alizadeh describes it is a "Hybrid State" with a revolutionary facion (which holds sub factions) that includes the IRGC and Khamenei himself, and reformists faction (with subfactions of its own) which includes the reformists who make up part of the Iranian bourgeoisie and technocrats, who habe their politics stuck as if it's still the late 80s early 90s. The second faction includes former president even, and introduced shock therapy to the country in the 90s and beyond, dismantling many of the welfare systems which were part of the War Economy built up during the 8 year Iraq-Iran war.