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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $219.1M, roughly 1.2× Iridium Communications Inc.). Astera Labs, Inc. runs the higher net margin — 16.6% vs 9.9%, a 6.8% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 1.9%). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 4.4%).
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
ALAB vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $219.1M |
| Net Profit | $45.0M | $21.6M |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | 23.2% |
| Net Margin | 16.6% | 9.9% |
| Revenue YoY | 91.8% | 1.9% |
| Net Profit YoY | 82.0% | — |
| EPS (diluted) | $0.25 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $219.1M | ||
| Q4 25 | $270.6M | $212.9M | ||
| Q3 25 | $230.6M | $226.9M | ||
| Q2 25 | $191.9M | $216.9M | ||
| Q1 25 | $159.4M | $214.9M | ||
| Q4 24 | $141.1M | $213.0M | ||
| Q3 24 | $113.1M | $212.8M | ||
| Q2 24 | $76.8M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $45.0M | $24.9M | ||
| Q3 25 | $91.1M | $37.1M | ||
| Q2 25 | $51.2M | $22.0M | ||
| Q1 25 | $31.8M | $30.4M | ||
| Q4 24 | $24.7M | $36.3M | ||
| Q3 24 | $-7.6M | $24.4M | ||
| Q2 24 | $-7.5M | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | 75.6% | — | ||
| Q3 25 | 76.2% | — | ||
| Q2 25 | 75.8% | — | ||
| Q1 25 | 74.9% | — | ||
| Q4 24 | 74.0% | — | ||
| Q3 24 | 77.7% | — | ||
| Q2 24 | 77.9% | — |
| Q1 26 | — | 23.2% | ||
| Q4 25 | 24.7% | 25.9% | ||
| Q3 25 | 24.0% | 30.9% | ||
| Q2 25 | 20.7% | 23.2% | ||
| Q1 25 | 7.1% | 28.1% | ||
| Q4 24 | 0.1% | 24.5% | ||
| Q3 24 | -7.9% | 25.8% | ||
| Q2 24 | -31.7% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 16.6% | 11.7% | ||
| Q3 25 | 39.5% | 16.4% | ||
| Q2 25 | 26.7% | 10.1% | ||
| Q1 25 | 20.0% | 14.2% | ||
| Q4 24 | 17.5% | 17.1% | ||
| Q3 24 | -6.7% | 11.5% | ||
| Q2 24 | -9.8% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.25 | $0.24 | ||
| Q3 25 | $0.50 | $0.35 | ||
| Q2 25 | $0.29 | $0.20 | ||
| Q1 25 | $0.18 | $0.27 | ||
| Q4 24 | $1.23 | $0.30 | ||
| Q3 24 | $-0.05 | $0.21 | ||
| Q2 24 | $-0.05 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $167.6M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | — |
| Total Assets | $1.5B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.6M | $96.5M | ||
| Q3 25 | $140.4M | $88.5M | ||
| Q2 25 | $162.3M | $79.3M | ||
| Q1 25 | $86.4M | $50.9M | ||
| Q4 24 | $79.6M | $93.5M | ||
| Q3 24 | $126.1M | $159.6M | ||
| Q2 24 | $421.1M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $462.6M | ||
| Q3 25 | $1.3B | $450.5M | ||
| Q2 25 | $1.1B | $473.6M | ||
| Q1 25 | $1.0B | $518.4M | ||
| Q4 24 | $964.8M | $576.6M | ||
| Q3 24 | $889.6M | $663.8M | ||
| Q2 24 | $845.3M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.3B | $2.6B | ||
| Q1 25 | $1.1B | $2.6B | ||
| Q4 24 | $1.1B | $2.7B | ||
| Q3 24 | $983.1M | $2.8B | ||
| Q2 24 | $915.5M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $95.3M | — |
| Free Cash FlowOCF − Capex | $76.6M | — |
| FCF MarginFCF / Revenue | 28.3% | — |
| Capex IntensityCapex / Revenue | 6.9% | 13.7% |
| Cash ConversionOCF / Net Profit | 2.12× | — |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $95.3M | $108.6M | ||
| Q3 25 | $78.2M | $100.8M | ||
| Q2 25 | $135.4M | $129.6M | ||
| Q1 25 | $10.5M | $61.1M | ||
| Q4 24 | $39.7M | $104.8M | ||
| Q3 24 | $63.5M | $118.6M | ||
| Q2 24 | $29.8M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $76.6M | $75.1M | ||
| Q3 25 | $65.9M | $79.2M | ||
| Q2 25 | $133.3M | $108.9M | ||
| Q1 25 | $6.0M | $36.5M | ||
| Q4 24 | $24.3M | $80.5M | ||
| Q3 24 | $46.8M | $100.0M | ||
| Q2 24 | $28.5M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 28.3% | 35.3% | ||
| Q3 25 | 28.6% | 34.9% | ||
| Q2 25 | 69.5% | 50.2% | ||
| Q1 25 | 3.7% | 17.0% | ||
| Q4 24 | 17.2% | 37.8% | ||
| Q3 24 | 41.4% | 47.0% | ||
| Q2 24 | 37.1% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 6.9% | 15.7% | ||
| Q3 25 | 5.3% | 9.5% | ||
| Q2 25 | 1.1% | 9.5% | ||
| Q1 25 | 2.8% | 11.4% | ||
| Q4 24 | 10.9% | 11.4% | ||
| Q3 24 | 14.8% | 8.7% | ||
| Q2 24 | 1.7% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.12× | 4.37× | ||
| Q3 25 | 0.86× | 2.71× | ||
| Q2 25 | 2.64× | 5.90× | ||
| Q1 25 | 0.33× | 2.01× | ||
| Q4 24 | 1.61× | 2.88× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | — | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
