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Side-by-side financial comparison of Arlo Technologies, Inc. (ARLO) 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 $141.3M, roughly 1.6× Arlo Technologies, Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 4.1%, a 5.8% gap on every dollar of revenue. On growth, Arlo Technologies, Inc. posted the faster year-over-year revenue change (16.2% vs 1.9%). Over the past eight quarters, Arlo Technologies, Inc.'s revenue compounded faster (6.7% CAGR vs 4.4%).
Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO.
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...
ARLO vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $219.1M |
| Net Profit | $5.8M | $21.6M |
| Gross Margin | 46.4% | — |
| Operating Margin | 3.3% | 23.2% |
| Net Margin | 4.1% | 9.9% |
| Revenue YoY | 16.2% | 1.9% |
| Net Profit YoY | 218.6% | — |
| 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 | $141.3M | $212.9M | ||
| Q3 25 | $139.5M | $226.9M | ||
| Q2 25 | $129.4M | $216.9M | ||
| Q1 25 | $119.1M | $214.9M | ||
| Q4 24 | $121.6M | $213.0M | ||
| Q3 24 | $137.7M | $212.8M | ||
| Q2 24 | $127.4M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $5.8M | $24.9M | ||
| Q3 25 | $6.9M | $37.1M | ||
| Q2 25 | $3.1M | $22.0M | ||
| Q1 25 | $-835.0K | $30.4M | ||
| Q4 24 | $-4.9M | $36.3M | ||
| Q3 24 | $-4.4M | $24.4M | ||
| Q2 24 | $-11.6M | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | 46.4% | — | ||
| Q3 25 | 40.5% | — | ||
| Q2 25 | 44.9% | — | ||
| Q1 25 | 44.3% | — | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 36.8% | — |
| Q1 26 | — | 23.2% | ||
| Q4 25 | 3.3% | 25.9% | ||
| Q3 25 | 0.6% | 30.9% | ||
| Q2 25 | 1.5% | 23.2% | ||
| Q1 25 | -1.2% | 28.1% | ||
| Q4 24 | -5.0% | 24.5% | ||
| Q3 24 | -4.0% | 25.8% | ||
| Q2 24 | -10.0% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 4.1% | 11.7% | ||
| Q3 25 | 4.9% | 16.4% | ||
| Q2 25 | 2.4% | 10.1% | ||
| Q1 25 | -0.7% | 14.2% | ||
| Q4 24 | -4.0% | 17.1% | ||
| Q3 24 | -3.2% | 11.5% | ||
| Q2 24 | -9.1% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.06 | $0.24 | ||
| Q3 25 | $0.06 | $0.35 | ||
| Q2 25 | $0.03 | $0.20 | ||
| Q1 25 | $-0.01 | $0.27 | ||
| Q4 24 | $-0.05 | $0.30 | ||
| Q3 24 | $-0.04 | $0.21 | ||
| Q2 24 | $-0.12 | $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 | $146.4M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $127.8M | — |
| Total Assets | $310.5M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $146.4M | $96.5M | ||
| Q3 25 | $86.0M | $88.5M | ||
| Q2 25 | $71.2M | $79.3M | ||
| Q1 25 | $84.0M | $50.9M | ||
| Q4 24 | $82.0M | $93.5M | ||
| Q3 24 | $77.0M | $159.6M | ||
| Q2 24 | $62.9M | $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 | $127.8M | $462.6M | ||
| Q3 25 | $129.2M | $450.5M | ||
| Q2 25 | $118.3M | $473.6M | ||
| Q1 25 | $103.4M | $518.4M | ||
| Q4 24 | $100.9M | $576.6M | ||
| Q3 24 | $96.9M | $663.8M | ||
| Q2 24 | $99.3M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $310.5M | $2.5B | ||
| Q3 25 | $350.9M | $2.6B | ||
| Q2 25 | $319.7M | $2.6B | ||
| Q1 25 | $296.6M | $2.6B | ||
| Q4 24 | $298.4M | $2.7B | ||
| Q3 24 | $312.4M | $2.8B | ||
| Q2 24 | $295.8M | $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 | $19.8M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 13.7% |
| Cash ConversionOCF / Net Profit | 3.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $19.8M | $108.6M | ||
| Q3 25 | $19.2M | $100.8M | ||
| Q2 25 | $8.8M | $129.6M | ||
| Q1 25 | $30.9M | $61.1M | ||
| Q4 24 | $6.7M | $104.8M | ||
| Q3 24 | $18.4M | $118.6M | ||
| Q2 24 | $6.5M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $75.1M | ||
| Q3 25 | — | $79.2M | ||
| Q2 25 | — | $108.9M | ||
| Q1 25 | $28.1M | $36.5M | ||
| Q4 24 | $5.6M | $80.5M | ||
| Q3 24 | $17.4M | $100.0M | ||
| Q2 24 | $6.2M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.3% | ||
| Q3 25 | — | 34.9% | ||
| Q2 25 | — | 50.2% | ||
| Q1 25 | 23.6% | 17.0% | ||
| Q4 24 | 4.6% | 37.8% | ||
| Q3 24 | 12.6% | 47.0% | ||
| Q2 24 | 4.8% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | 2.4% | 11.4% | ||
| Q4 24 | 0.9% | 11.4% | ||
| Q3 24 | 0.7% | 8.7% | ||
| Q2 24 | 0.2% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.43× | 4.37× | ||
| Q3 25 | 2.79× | 2.71× | ||
| Q2 25 | 2.83× | 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
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
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% |
