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Side-by-side financial comparison of APPFOLIO INC (APPF) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $219.1M, roughly 1.2× Iridium Communications Inc.). APPFOLIO INC runs the higher net margin — 16.2% vs 9.9%, a 6.3% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 1.9%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 4.4%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
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...
APPF vs IRDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $219.1M |
| Net Profit | $42.4M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 23.2% |
| Net Margin | 16.2% | 9.9% |
| Revenue YoY | 20.4% | 1.9% |
| Net Profit YoY | 35.2% | — |
| EPS (diluted) | $1.18 | — |
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 | $262.2M | $219.1M | ||
| Q4 25 | $248.2M | $212.9M | ||
| Q3 25 | $249.4M | $226.9M | ||
| Q2 25 | $235.6M | $216.9M | ||
| Q1 25 | $217.7M | $214.9M | ||
| Q4 24 | $203.7M | $213.0M | ||
| Q3 24 | $205.7M | $212.8M | ||
| Q2 24 | $197.4M | $201.1M |
| Q1 26 | $42.4M | $21.6M | ||
| Q4 25 | $39.9M | $24.9M | ||
| Q3 25 | $33.6M | $37.1M | ||
| Q2 25 | $36.0M | $22.0M | ||
| Q1 25 | $31.4M | $30.4M | ||
| Q4 24 | $102.7M | $36.3M | ||
| Q3 24 | $33.0M | $24.4M | ||
| Q2 24 | $29.7M | $32.3M |
| Q1 26 | 19.4% | 23.2% | ||
| Q4 25 | 17.6% | 25.9% | ||
| Q3 25 | 14.1% | 30.9% | ||
| Q2 25 | 17.2% | 23.2% | ||
| Q1 25 | 15.5% | 28.1% | ||
| Q4 24 | 11.3% | 24.5% | ||
| Q3 24 | 20.7% | 25.8% | ||
| Q2 24 | 18.3% | 21.7% |
| Q1 26 | 16.2% | 9.9% | ||
| Q4 25 | 16.1% | 11.7% | ||
| Q3 25 | 13.5% | 16.4% | ||
| Q2 25 | 15.3% | 10.1% | ||
| Q1 25 | 14.4% | 14.2% | ||
| Q4 24 | 50.4% | 17.1% | ||
| Q3 24 | 16.0% | 11.5% | ||
| Q2 24 | 15.0% | 16.1% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.24 | ||
| Q3 25 | $0.93 | $0.35 | ||
| Q2 25 | $0.99 | $0.20 | ||
| Q1 25 | $0.86 | $0.27 | ||
| Q4 24 | $2.79 | $0.30 | ||
| Q3 24 | $0.90 | $0.21 | ||
| Q2 24 | $0.81 | $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 | $147.4M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | — |
| Total Assets | $580.6M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $96.5M | ||
| Q3 25 | $76.1M | $88.5M | ||
| Q2 25 | $73.5M | $79.3M | ||
| Q1 25 | $56.9M | $50.9M | ||
| Q4 24 | $42.5M | $93.5M | ||
| Q3 24 | $62.4M | $159.6M | ||
| Q2 24 | $59.6M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $462.6M | ||
| Q3 25 | $498.9M | $450.5M | ||
| Q2 25 | $455.6M | $473.6M | ||
| Q1 25 | $462.1M | $518.4M | ||
| Q4 24 | $519.3M | $576.6M | ||
| Q3 24 | $412.8M | $663.8M | ||
| Q2 24 | $371.4M | $786.7M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $2.5B | ||
| Q3 25 | $640.5M | $2.6B | ||
| Q2 25 | $567.4M | $2.6B | ||
| Q1 25 | $564.7M | $2.6B | ||
| Q4 24 | $626.7M | $2.7B | ||
| Q3 24 | $523.3M | $2.8B | ||
| Q2 24 | $479.3M | $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 | $34.3M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 13.7% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $108.6M | ||
| Q3 25 | $86.0M | $100.8M | ||
| Q2 25 | $52.6M | $129.6M | ||
| Q1 25 | $38.5M | $61.1M | ||
| Q4 24 | $36.6M | $104.8M | ||
| Q3 24 | $57.8M | $118.6M | ||
| Q2 24 | $50.9M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $75.1M | ||
| Q3 25 | $84.7M | $79.2M | ||
| Q2 25 | $52.4M | $108.9M | ||
| Q1 25 | $38.2M | $36.5M | ||
| Q4 24 | $36.4M | $80.5M | ||
| Q3 24 | $57.4M | $100.0M | ||
| Q2 24 | $50.8M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 35.3% | ||
| Q3 25 | 34.0% | 34.9% | ||
| Q2 25 | 22.2% | 50.2% | ||
| Q1 25 | 17.6% | 17.0% | ||
| Q4 24 | 17.9% | 37.8% | ||
| Q3 24 | 27.9% | 47.0% | ||
| Q2 24 | 25.8% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.5% | 15.7% | ||
| Q3 25 | 0.5% | 9.5% | ||
| Q2 25 | 0.1% | 9.5% | ||
| Q1 25 | 0.1% | 11.4% | ||
| Q4 24 | 0.1% | 11.4% | ||
| Q3 24 | 0.2% | 8.7% | ||
| Q2 24 | 0.0% | 6.2% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 4.37× | ||
| Q3 25 | 2.56× | 2.71× | ||
| Q2 25 | 1.46× | 5.90× | ||
| Q1 25 | 1.23× | 2.01× | ||
| Q4 24 | 0.36× | 2.88× | ||
| Q3 24 | 1.75× | 4.85× | ||
| Q2 24 | 1.71× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APPF
| Value Added Services | $201.4M | 77% |
| Subscription Services | $58.2M | 22% |
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% |
