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Side-by-side financial comparison of APPIAN CORP (APPN) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $202.9M, roughly 1.1× APPIAN CORP). Iridium Communications Inc. runs the higher net margin — 9.9% vs -2.5%, a 12.4% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 1.9%). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs 4.4%).
Appian Corporation is an American cloud computing and enterprise software company headquartered in McLean, Virginia, part of the Dulles Technology Corridor. The company sells a platform as a service (PaaS) for building enterprise software applications. It is focused on low-code development, process mining, business process management, and case management markets in North America, Europe, the Middle East and Southeast Asia.
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...
APPN vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $219.1M |
| Net Profit | $-5.1M | $21.6M |
| Gross Margin | 64.8% | — |
| Operating Margin | -0.3% | 23.2% |
| Net Margin | -2.5% | 9.9% |
| Revenue YoY | 21.7% | 1.9% |
| Net Profit YoY | 62.6% | — |
| EPS (diluted) | $-0.06 | — |
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 | $202.9M | $212.9M | ||
| Q3 25 | $187.0M | $226.9M | ||
| Q2 25 | $170.6M | $216.9M | ||
| Q1 25 | $166.4M | $214.9M | ||
| Q4 24 | $166.7M | $213.0M | ||
| Q3 24 | $154.1M | $212.8M | ||
| Q2 24 | $146.4M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-5.1M | $24.9M | ||
| Q3 25 | $7.8M | $37.1M | ||
| Q2 25 | $-312.0K | $22.0M | ||
| Q1 25 | $-1.2M | $30.4M | ||
| Q4 24 | $-13.6M | $36.3M | ||
| Q3 24 | $-2.1M | $24.4M | ||
| Q2 24 | $-43.6M | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | 64.8% | — | ||
| Q3 25 | 75.8% | — | ||
| Q2 25 | 74.3% | — | ||
| Q1 25 | 76.6% | — | ||
| Q4 24 | 67.8% | — | ||
| Q3 24 | 75.9% | — | ||
| Q2 24 | 73.1% | — |
| Q1 26 | — | 23.2% | ||
| Q4 25 | -0.3% | 25.9% | ||
| Q3 25 | 7.0% | 30.9% | ||
| Q2 25 | -6.4% | 23.2% | ||
| Q1 25 | -0.5% | 28.1% | ||
| Q4 24 | 3.0% | 24.5% | ||
| Q3 24 | -4.6% | 25.8% | ||
| Q2 24 | -26.8% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | -2.5% | 11.7% | ||
| Q3 25 | 4.2% | 16.4% | ||
| Q2 25 | -0.2% | 10.1% | ||
| Q1 25 | -0.7% | 14.2% | ||
| Q4 24 | -8.2% | 17.1% | ||
| Q3 24 | -1.4% | 11.5% | ||
| Q2 24 | -29.8% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.06 | $0.24 | ||
| Q3 25 | $0.10 | $0.35 | ||
| Q2 25 | $0.00 | $0.20 | ||
| Q1 25 | $-0.02 | $0.27 | ||
| Q4 24 | $-0.18 | $0.30 | ||
| Q3 24 | $-0.03 | $0.21 | ||
| Q2 24 | $-0.60 | $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 | $187.2M | — |
| Total DebtLower is stronger | $240.8M | — |
| Stockholders' EquityBook value | $-47.0M | — |
| Total Assets | $691.4M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $187.2M | $96.5M | ||
| Q3 25 | $191.6M | $88.5M | ||
| Q2 25 | $184.8M | $79.3M | ||
| Q1 25 | $199.7M | $50.9M | ||
| Q4 24 | $159.9M | $93.5M | ||
| Q3 24 | $99.2M | $159.6M | ||
| Q2 24 | $120.8M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $240.8M | $1.8B | ||
| Q3 25 | $245.7M | — | ||
| Q2 25 | $245.6M | — | ||
| Q1 25 | $248.0M | — | ||
| Q4 24 | $250.4M | $1.8B | ||
| Q3 24 | $252.8M | — | ||
| Q2 24 | $254.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $-47.0M | $462.6M | ||
| Q3 25 | $-48.5M | $450.5M | ||
| Q2 25 | $-53.7M | $473.6M | ||
| Q1 25 | $-31.7M | $518.4M | ||
| Q4 24 | $-32.6M | $576.6M | ||
| Q3 24 | $-49.8M | $663.8M | ||
| Q2 24 | $-45.7M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $691.4M | $2.5B | ||
| Q3 25 | $611.7M | $2.6B | ||
| Q2 25 | $590.7M | $2.6B | ||
| Q1 25 | $592.9M | $2.6B | ||
| Q4 24 | $621.0M | $2.7B | ||
| Q3 24 | $549.9M | $2.8B | ||
| Q2 24 | $554.6M | $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 | $1.1M | — |
| Free Cash FlowOCF − Capex | $270.0K | — |
| FCF MarginFCF / Revenue | 0.1% | — |
| Capex IntensityCapex / Revenue | 0.4% | 13.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1M | $108.6M | ||
| Q3 25 | $18.7M | $100.8M | ||
| Q2 25 | $-1.9M | $129.6M | ||
| Q1 25 | $45.0M | $61.1M | ||
| Q4 24 | $13.9M | $104.8M | ||
| Q3 24 | $-8.2M | $118.6M | ||
| Q2 24 | $-17.6M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $270.0K | $75.1M | ||
| Q3 25 | $18.1M | $79.2M | ||
| Q2 25 | $-3.1M | $108.9M | ||
| Q1 25 | $44.3M | $36.5M | ||
| Q4 24 | $13.4M | $80.5M | ||
| Q3 24 | $-8.6M | $100.0M | ||
| Q2 24 | $-18.3M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 35.3% | ||
| Q3 25 | 9.7% | 34.9% | ||
| Q2 25 | -1.8% | 50.2% | ||
| Q1 25 | 26.6% | 17.0% | ||
| Q4 24 | 8.0% | 37.8% | ||
| Q3 24 | -5.6% | 47.0% | ||
| Q2 24 | -12.5% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.4% | 15.7% | ||
| Q3 25 | 0.3% | 9.5% | ||
| Q2 25 | 0.7% | 9.5% | ||
| Q1 25 | 0.4% | 11.4% | ||
| Q4 24 | 0.3% | 11.4% | ||
| Q3 24 | 0.2% | 8.7% | ||
| Q2 24 | 0.5% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | 2.39× | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | — | 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
APPN
| Subscriptions Software And Support | $162.3M | 80% |
| Professional Services | $40.6M | 20% |
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% |
