vs
Side-by-side financial comparison of PATHWARD FINANCIAL, INC. (CASH) 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 $173.1M, roughly 1.3× PATHWARD FINANCIAL, INC.). PATHWARD FINANCIAL, INC. runs the higher net margin — 20.3% vs 9.9%, a 10.5% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -0.2%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -18.0%).
Pathward Financial, Inc. is a U.S.-based banking and financial services company. It adopted its current name in 2022 after its parent, Meta Financial Group, sold the "Meta" trademark to Meta Platforms.
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...
CASH vs IRDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $173.1M | $219.1M |
| Net Profit | $35.2M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 24.6% | 23.2% |
| Net Margin | 20.3% | 9.9% |
| Revenue YoY | -0.2% | 1.9% |
| Net Profit YoY | 11.9% | — |
| EPS (diluted) | $1.57 | — |
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 | $173.1M | $212.9M | ||
| Q3 25 | $186.7M | $226.9M | ||
| Q2 25 | $195.8M | $216.9M | ||
| Q1 25 | $274.8M | $214.9M | ||
| Q4 24 | $182.6M | $213.0M | ||
| Q3 24 | $179.5M | $212.8M | ||
| Q2 24 | $188.6M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $35.2M | $24.9M | ||
| Q3 25 | $38.8M | $37.1M | ||
| Q2 25 | $42.1M | $22.0M | ||
| Q1 25 | $75.0M | $30.4M | ||
| Q4 24 | $30.0M | $36.3M | ||
| Q3 24 | $33.5M | $24.4M | ||
| Q2 24 | $44.9M | $32.3M |
| Q1 26 | — | 23.2% | ||
| Q4 25 | 24.6% | 25.9% | ||
| Q3 25 | 25.9% | 30.9% | ||
| Q2 25 | 24.1% | 23.2% | ||
| Q1 25 | 33.2% | 28.1% | ||
| Q4 24 | 19.8% | 24.5% | ||
| Q3 24 | 20.9% | 25.8% | ||
| Q2 24 | 27.1% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 20.3% | 11.7% | ||
| Q3 25 | 20.8% | 16.4% | ||
| Q2 25 | 21.5% | 10.1% | ||
| Q1 25 | 27.3% | 14.2% | ||
| Q4 24 | 16.4% | 17.1% | ||
| Q3 24 | 18.7% | 11.5% | ||
| Q2 24 | 23.8% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $1.57 | $0.24 | ||
| Q3 25 | $1.69 | $0.35 | ||
| Q2 25 | $1.81 | $0.20 | ||
| Q1 25 | $3.14 | $0.27 | ||
| Q4 24 | $1.23 | $0.30 | ||
| Q3 24 | $1.34 | $0.21 | ||
| Q2 24 | $1.78 | $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 | $331.2M | — |
| Total DebtLower is stronger | $33.5M | — |
| Stockholders' EquityBook value | $854.5M | — |
| Total Assets | $7.6B | — |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $331.2M | $96.5M | ||
| Q3 25 | $120.6M | $88.5M | ||
| Q2 25 | $258.3M | $79.3M | ||
| Q1 25 | $254.2M | $50.9M | ||
| Q4 24 | $597.4M | $93.5M | ||
| Q3 24 | $158.3M | $159.6M | ||
| Q2 24 | $298.9M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $33.5M | $1.8B | ||
| Q3 25 | $33.5M | — | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $33.4M | — | ||
| Q4 24 | $33.4M | $1.8B | ||
| Q3 24 | $33.4M | — | ||
| Q2 24 | $33.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $854.5M | $462.6M | ||
| Q3 25 | $858.0M | $450.5M | ||
| Q2 25 | $819.0M | $473.6M | ||
| Q1 25 | $814.7M | $518.4M | ||
| Q4 24 | $758.3M | $576.6M | ||
| Q3 24 | $822.5M | $663.8M | ||
| Q2 24 | $748.4M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $7.6B | $2.5B | ||
| Q3 25 | $7.2B | $2.6B | ||
| Q2 25 | $7.2B | $2.6B | ||
| Q1 25 | $7.0B | $2.6B | ||
| Q4 24 | $7.6B | $2.7B | ||
| Q3 24 | $7.5B | $2.8B | ||
| Q2 24 | $7.5B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.04× | 3.80× | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | 3.05× | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.04× | — |
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 | $108.3M | — |
| Free Cash FlowOCF − Capex | $104.1M | — |
| FCF MarginFCF / Revenue | 60.1% | — |
| Capex IntensityCapex / Revenue | 2.4% | 13.7% |
| Cash ConversionOCF / Net Profit | 3.08× | — |
| TTM Free Cash FlowTrailing 4 quarters | $616.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $108.6M | ||
| Q3 25 | $303.7M | $100.8M | ||
| Q2 25 | $30.4M | $129.6M | ||
| Q1 25 | $188.3M | $61.1M | ||
| Q4 24 | $-71.7M | $104.8M | ||
| Q3 24 | $143.1M | $118.6M | ||
| Q2 24 | $113.2M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $75.1M | ||
| Q3 25 | $300.3M | $79.2M | ||
| Q2 25 | $27.7M | $108.9M | ||
| Q1 25 | $184.7M | $36.5M | ||
| Q4 24 | $-73.8M | $80.5M | ||
| Q3 24 | $138.8M | $100.0M | ||
| Q2 24 | $111.0M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 35.3% | ||
| Q3 25 | 160.9% | 34.9% | ||
| Q2 25 | 14.1% | 50.2% | ||
| Q1 25 | 67.2% | 17.0% | ||
| Q4 24 | -40.4% | 37.8% | ||
| Q3 24 | 77.3% | 47.0% | ||
| Q2 24 | 58.8% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 2.4% | 15.7% | ||
| Q3 25 | 1.8% | 9.5% | ||
| Q2 25 | 1.4% | 9.5% | ||
| Q1 25 | 1.3% | 11.4% | ||
| Q4 24 | 1.1% | 11.4% | ||
| Q3 24 | 2.4% | 8.7% | ||
| Q2 24 | 1.2% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 4.37× | ||
| Q3 25 | 7.83× | 2.71× | ||
| Q2 25 | 0.72× | 5.90× | ||
| Q1 25 | 2.51× | 2.01× | ||
| Q4 24 | -2.39× | 2.88× | ||
| Q3 24 | 4.27× | 4.85× | ||
| Q2 24 | 2.52× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CASH
| Consumer | $103.0M | 59% |
| Payment Card And Deposit Fees | $30.1M | 17% |
| Other | $24.2M | 14% |
| Rental Income | $11.6M | 7% |
| Commercial | $4.2M | 2% |
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% |
