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Side-by-side financial comparison of Axos Financial, Inc. (AX) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($385.1M vs $219.1M, roughly 1.8× Iridium Communications Inc.). Axos Financial, Inc. runs the higher net margin — 33.3% vs 9.9%, a 23.5% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs 1.9%). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs 4.4%).
Axos Financial is an American bank holding company based in Las Vegas, Nevada and is the parent of Axos Bank, a direct bank. It also offers registered investment adviser services and an electronic trading platform.
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...
AX vs IRDM — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $219.1M |
| Net Profit | $128.4M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 45.6% | 23.2% |
| Net Margin | 33.3% | 9.9% |
| Revenue YoY | 25.1% | 1.9% |
| Net Profit YoY | 22.6% | — |
| EPS (diluted) | $2.22 | — |
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 | $385.1M | $212.9M | ||
| Q3 25 | $323.4M | $226.9M | ||
| Q2 25 | $321.4M | $216.9M | ||
| Q1 25 | $308.8M | $214.9M | ||
| Q4 24 | $307.9M | $213.0M | ||
| Q3 24 | $320.7M | $212.8M | ||
| Q2 24 | $290.9M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $128.4M | $24.9M | ||
| Q3 25 | $112.4M | $37.1M | ||
| Q2 25 | $110.7M | $22.0M | ||
| Q1 25 | $105.2M | $30.4M | ||
| Q4 24 | $104.7M | $36.3M | ||
| Q3 24 | $112.3M | $24.4M | ||
| Q2 24 | $104.9M | $32.3M |
| Q1 26 | — | 23.2% | ||
| Q4 25 | 45.6% | 25.9% | ||
| Q3 25 | 46.3% | 30.9% | ||
| Q2 25 | 48.5% | 23.2% | ||
| Q1 25 | 47.9% | 28.1% | ||
| Q4 24 | 48.8% | 24.5% | ||
| Q3 24 | 49.6% | 25.8% | ||
| Q2 24 | 49.6% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 33.3% | 11.7% | ||
| Q3 25 | 34.7% | 16.4% | ||
| Q2 25 | 34.4% | 10.1% | ||
| Q1 25 | 34.1% | 14.2% | ||
| Q4 24 | 34.0% | 17.1% | ||
| Q3 24 | 35.0% | 11.5% | ||
| Q2 24 | 36.0% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $2.22 | $0.24 | ||
| Q3 25 | $1.94 | $0.35 | ||
| Q2 25 | $1.89 | $0.20 | ||
| Q1 25 | $1.81 | $0.27 | ||
| Q4 24 | $1.80 | $0.30 | ||
| Q3 24 | $1.93 | $0.21 | ||
| Q2 24 | $1.75 | $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 | $1.0B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | — |
| Total Assets | $28.2B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $96.5M | ||
| Q3 25 | $2.6B | $88.5M | ||
| Q2 25 | $1.9B | $79.3M | ||
| Q1 25 | $2.0B | $50.9M | ||
| Q4 24 | $2.4B | $93.5M | ||
| Q3 24 | $2.6B | $159.6M | ||
| Q2 24 | $2.0B | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $358.7M | $1.8B | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $462.6M | ||
| Q3 25 | $2.8B | $450.5M | ||
| Q2 25 | $2.7B | $473.6M | ||
| Q1 25 | $2.6B | $518.4M | ||
| Q4 24 | $2.5B | $576.6M | ||
| Q3 24 | $2.4B | $663.8M | ||
| Q2 24 | $2.3B | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $28.2B | $2.5B | ||
| Q3 25 | $27.4B | $2.6B | ||
| Q2 25 | $24.8B | $2.6B | ||
| Q1 25 | $24.0B | $2.6B | ||
| Q4 24 | $23.7B | $2.7B | ||
| Q3 24 | $23.6B | $2.8B | ||
| Q2 24 | $22.9B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | 3.05× | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — |
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 | $104.1M | — |
| Free Cash FlowOCF − Capex | $85.4M | — |
| FCF MarginFCF / Revenue | 22.2% | — |
| Capex IntensityCapex / Revenue | 4.9% | 13.7% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $108.6M | ||
| Q3 25 | $118.4M | $100.8M | ||
| Q2 25 | $490.3M | $129.6M | ||
| Q1 25 | $73.7M | $61.1M | ||
| Q4 24 | $162.5M | $104.8M | ||
| Q3 24 | $70.8M | $118.6M | ||
| Q2 24 | $305.5M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $75.1M | ||
| Q3 25 | $109.3M | $79.2M | ||
| Q2 25 | $436.1M | $108.9M | ||
| Q1 25 | $65.1M | $36.5M | ||
| Q4 24 | $156.4M | $80.5M | ||
| Q3 24 | $53.0M | $100.0M | ||
| Q2 24 | $269.5M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | 35.3% | ||
| Q3 25 | 33.8% | 34.9% | ||
| Q2 25 | 135.7% | 50.2% | ||
| Q1 25 | 21.1% | 17.0% | ||
| Q4 24 | 50.8% | 37.8% | ||
| Q3 24 | 16.5% | 47.0% | ||
| Q2 24 | 92.6% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 4.9% | 15.7% | ||
| Q3 25 | 2.8% | 9.5% | ||
| Q2 25 | 16.9% | 9.5% | ||
| Q1 25 | 2.8% | 11.4% | ||
| Q4 24 | 2.0% | 11.4% | ||
| Q3 24 | 5.5% | 8.7% | ||
| Q2 24 | 12.4% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 4.37× | ||
| Q3 25 | 1.05× | 2.71× | ||
| Q2 25 | 4.43× | 5.90× | ||
| Q1 25 | 0.70× | 2.01× | ||
| Q4 24 | 1.55× | 2.88× | ||
| Q3 24 | 0.63× | 4.85× | ||
| Q2 24 | 2.91× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
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% |
