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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $219.1M, roughly 1.9× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -0.6%, a 10.5% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 1.9%). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 4.4%).
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations for small businesses in the United States. A white-labeled, end-to-end payments automation platform, Bill.com Connect is offered to financial institutions as part of their single sign-on online business banking ecosystem.
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...
BILL vs IRDM — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $219.1M |
| Net Profit | $-2.6M | $21.6M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | 23.2% |
| Net Margin | -0.6% | 9.9% |
| Revenue YoY | 14.4% | 1.9% |
| Net Profit YoY | -107.7% | — |
| EPS (diluted) | $-0.03 | — |
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 | $414.7M | $212.9M | ||
| Q3 25 | $395.7M | $226.9M | ||
| Q2 25 | $383.3M | $216.9M | ||
| Q1 25 | $358.2M | $214.9M | ||
| Q4 24 | $362.6M | $213.0M | ||
| Q3 24 | $358.4M | $212.8M | ||
| Q2 24 | $343.7M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-2.6M | $24.9M | ||
| Q3 25 | $-3.0M | $37.1M | ||
| Q2 25 | $-7.1M | $22.0M | ||
| Q1 25 | $-11.6M | $30.4M | ||
| Q4 24 | $33.5M | $36.3M | ||
| Q3 24 | $8.9M | $24.4M | ||
| Q2 24 | $7.6M | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | — | ||
| Q2 25 | 80.8% | — | ||
| Q1 25 | 81.2% | — | ||
| Q4 24 | 81.6% | — | ||
| Q3 24 | 82.0% | — | ||
| Q2 24 | 81.0% | — |
| Q1 26 | — | 23.2% | ||
| Q4 25 | -4.4% | 25.9% | ||
| Q3 25 | -5.2% | 30.9% | ||
| Q2 25 | -5.8% | 23.2% | ||
| Q1 25 | -8.1% | 28.1% | ||
| Q4 24 | -6.0% | 24.5% | ||
| Q3 24 | -2.1% | 25.8% | ||
| Q2 24 | -6.5% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | -0.6% | 11.7% | ||
| Q3 25 | -0.7% | 16.4% | ||
| Q2 25 | -1.8% | 10.1% | ||
| Q1 25 | -3.2% | 14.2% | ||
| Q4 24 | 9.3% | 17.1% | ||
| Q3 24 | 2.5% | 11.5% | ||
| Q2 24 | 2.2% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.03 | $0.24 | ||
| Q3 25 | $-0.03 | $0.35 | ||
| Q2 25 | $0.02 | $0.20 | ||
| Q1 25 | $-0.11 | $0.27 | ||
| Q4 24 | $-0.06 | $0.30 | ||
| Q3 24 | $0.08 | $0.21 | ||
| Q2 24 | $0.37 | $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 | $1.1B | — |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | — |
| Total Assets | $10.1B | — |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $96.5M | ||
| Q3 25 | $1.1B | $88.5M | ||
| Q2 25 | $1.0B | $79.3M | ||
| Q1 25 | $1.0B | $50.9M | ||
| Q4 24 | $1.6B | $93.5M | ||
| Q3 24 | $853.5M | $159.6M | ||
| Q2 24 | $985.9M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $1.8B | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $462.6M | ||
| Q3 25 | $3.9B | $450.5M | ||
| Q2 25 | $3.9B | $473.6M | ||
| Q1 25 | $3.9B | $518.4M | ||
| Q4 24 | $3.8B | $576.6M | ||
| Q3 24 | $4.0B | $663.8M | ||
| Q2 24 | $4.1B | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $10.1B | $2.5B | ||
| Q3 25 | $10.2B | $2.6B | ||
| Q2 25 | $10.1B | $2.6B | ||
| Q1 25 | $9.6B | $2.6B | ||
| Q4 24 | $9.7B | $2.7B | ||
| Q3 24 | $9.0B | $2.8B | ||
| Q2 24 | $9.2B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.48× | 3.80× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | 3.05× | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — |
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 | $105.3M | — |
| Free Cash FlowOCF − Capex | $103.8M | — |
| FCF MarginFCF / Revenue | 25.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | 13.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $105.3M | $108.6M | ||
| Q3 25 | $96.9M | $100.8M | ||
| Q2 25 | $83.8M | $129.6M | ||
| Q1 25 | $99.5M | $61.1M | ||
| Q4 24 | $78.7M | $104.8M | ||
| Q3 24 | $88.6M | $118.6M | ||
| Q2 24 | $78.6M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $75.1M | ||
| Q3 25 | $95.6M | $79.2M | ||
| Q2 25 | $81.0M | $108.9M | ||
| Q1 25 | $98.4M | $36.5M | ||
| Q4 24 | $78.3M | $80.5M | ||
| Q3 24 | $88.6M | $100.0M | ||
| Q2 24 | $78.4M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | 35.3% | ||
| Q3 25 | 24.1% | 34.9% | ||
| Q2 25 | 21.1% | 50.2% | ||
| Q1 25 | 27.5% | 17.0% | ||
| Q4 24 | 21.6% | 37.8% | ||
| Q3 24 | 24.7% | 47.0% | ||
| Q2 24 | 22.8% | 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 | 0.3% | 11.4% | ||
| Q4 24 | 0.1% | 11.4% | ||
| Q3 24 | 0.0% | 8.7% | ||
| Q2 24 | 0.1% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | — | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | 2.35× | 2.88× | ||
| Q3 24 | 9.94× | 4.85× | ||
| Q2 24 | 10.35× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
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% |
