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Side-by-side financial comparison of Coursera, Inc. (COUR) 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 $196.9M, roughly 1.1× Coursera, Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -13.6%, a 23.5% gap on every dollar of revenue. On growth, Coursera, Inc. posted the faster year-over-year revenue change (9.9% vs 1.9%). Over the past eight quarters, Coursera, Inc.'s revenue compounded faster (7.9% CAGR vs 4.4%).

Coursera Inc. is an American for-profit online university, earlier operating as a global massive open online course provider from 2012 until 2021. It was founded in 2012 by Stanford University computer science professors Andrew Ng and Daphne Koller. Coursera works with universities and other organizations to offer online courses, certifications, and degrees in a variety of subjects.

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...

COUR vs IRDM — Head-to-Head

Bigger by revenue
IRDM
IRDM
1.1× larger
IRDM
$219.1M
$196.9M
COUR
Growing faster (revenue YoY)
COUR
COUR
+7.9% gap
COUR
9.9%
1.9%
IRDM
Higher net margin
IRDM
IRDM
23.5% more per $
IRDM
9.9%
-13.6%
COUR
Faster 2-yr revenue CAGR
COUR
COUR
Annualised
COUR
7.9%
4.4%
IRDM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
COUR
COUR
IRDM
IRDM
Revenue
$196.9M
$219.1M
Net Profit
$-26.8M
$21.6M
Gross Margin
54.2%
Operating Margin
-16.4%
23.2%
Net Margin
-13.6%
9.9%
Revenue YoY
9.9%
1.9%
Net Profit YoY
-24.1%
EPS (diluted)
$-0.16

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.

Revenue
COUR
COUR
IRDM
IRDM
Q1 26
$219.1M
Q4 25
$196.9M
$212.9M
Q3 25
$194.2M
$226.9M
Q2 25
$187.1M
$216.9M
Q1 25
$179.3M
$214.9M
Q4 24
$179.2M
$213.0M
Q3 24
$176.1M
$212.8M
Q2 24
$170.3M
$201.1M
Net Profit
COUR
COUR
IRDM
IRDM
Q1 26
$21.6M
Q4 25
$-26.8M
$24.9M
Q3 25
$-8.6M
$37.1M
Q2 25
$-7.8M
$22.0M
Q1 25
$-7.8M
$30.4M
Q4 24
$-21.6M
$36.3M
Q3 24
$-13.7M
$24.4M
Q2 24
$-22.9M
$32.3M
Gross Margin
COUR
COUR
IRDM
IRDM
Q1 26
Q4 25
54.2%
Q3 25
54.6%
Q2 25
54.9%
Q1 25
54.6%
Q4 24
53.3%
Q3 24
54.6%
Q2 24
53.0%
Operating Margin
COUR
COUR
IRDM
IRDM
Q1 26
23.2%
Q4 25
-16.4%
25.9%
Q3 25
-8.0%
30.9%
Q2 25
-8.1%
23.2%
Q1 25
-8.0%
28.1%
Q4 24
-17.0%
24.5%
Q3 24
-12.3%
25.8%
Q2 24
-18.3%
21.7%
Net Margin
COUR
COUR
IRDM
IRDM
Q1 26
9.9%
Q4 25
-13.6%
11.7%
Q3 25
-4.4%
16.4%
Q2 25
-4.2%
10.1%
Q1 25
-4.4%
14.2%
Q4 24
-12.1%
17.1%
Q3 24
-7.8%
11.5%
Q2 24
-13.4%
16.1%
EPS (diluted)
COUR
COUR
IRDM
IRDM
Q1 26
Q4 25
$-0.16
$0.24
Q3 25
$-0.05
$0.35
Q2 25
$-0.05
$0.20
Q1 25
$-0.05
$0.27
Q4 24
$-0.13
$0.30
Q3 24
$-0.09
$0.21
Q2 24
$-0.15
$0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COUR
COUR
IRDM
IRDM
Cash + ST InvestmentsLiquidity on hand
$792.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$635.7M
Total Assets
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COUR
COUR
IRDM
IRDM
Q1 26
Q4 25
$792.6M
$96.5M
Q3 25
$797.7M
$88.5M
Q2 25
$775.1M
$79.3M
Q1 25
$748.0M
$50.9M
Q4 24
$726.1M
$93.5M
Q3 24
$719.4M
$159.6M
Q2 24
$708.8M
$63.5M
Total Debt
COUR
COUR
IRDM
IRDM
Q1 26
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Stockholders' Equity
COUR
COUR
IRDM
IRDM
Q1 26
Q4 25
$635.7M
$462.6M
Q3 25
$639.5M
$450.5M
Q2 25
$627.0M
$473.6M
Q1 25
$610.5M
$518.4M
Q4 24
$597.4M
$576.6M
Q3 24
$593.3M
$663.8M
Q2 24
$585.2M
$786.7M
Total Assets
COUR
COUR
IRDM
IRDM
Q1 26
Q4 25
$1.0B
$2.5B
Q3 25
$995.3M
$2.6B
Q2 25
$979.9M
$2.6B
Q1 25
$951.2M
$2.6B
Q4 24
$930.3M
$2.7B
Q3 24
$914.1M
$2.8B
Q2 24
$904.4M
$2.7B
Debt / Equity
COUR
COUR
IRDM
IRDM
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
COUR
COUR
IRDM
IRDM
Operating Cash FlowLast quarter
$5.8M
Free Cash FlowOCF − Capex
$5.4M
FCF MarginFCF / Revenue
2.7%
Capex IntensityCapex / Revenue
0.2%
13.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COUR
COUR
IRDM
IRDM
Q1 26
Q4 25
$5.8M
$108.6M
Q3 25
$33.9M
$100.8M
Q2 25
$35.5M
$129.6M
Q1 25
$33.5M
$61.1M
Q4 24
$19.2M
$104.8M
Q3 24
$27.9M
$118.6M
Q2 24
$23.8M
$81.1M
Free Cash Flow
COUR
COUR
IRDM
IRDM
Q1 26
Q4 25
$5.4M
$75.1M
Q3 25
$33.7M
$79.2M
Q2 25
$35.1M
$108.9M
Q1 25
$33.0M
$36.5M
Q4 24
$18.1M
$80.5M
Q3 24
$27.7M
$100.0M
Q2 24
$23.6M
$68.7M
FCF Margin
COUR
COUR
IRDM
IRDM
Q1 26
Q4 25
2.7%
35.3%
Q3 25
17.4%
34.9%
Q2 25
18.8%
50.2%
Q1 25
18.4%
17.0%
Q4 24
10.1%
37.8%
Q3 24
15.7%
47.0%
Q2 24
13.9%
34.2%
Capex Intensity
COUR
COUR
IRDM
IRDM
Q1 26
13.7%
Q4 25
0.2%
15.7%
Q3 25
0.1%
9.5%
Q2 25
0.2%
9.5%
Q1 25
0.3%
11.4%
Q4 24
0.6%
11.4%
Q3 24
0.1%
8.7%
Q2 24
0.1%
6.2%
Cash Conversion
COUR
COUR
IRDM
IRDM
Q1 26
Q4 25
4.37×
Q3 25
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

COUR
COUR

Consumer Segment$131.5M67%
Enterprise Segment$65.4M33%

IRDM
IRDM

Voice and data$57.4M26%
IoT data (2)$46.0M21%
Government$39.5M18%
Government service revenue (5)$27.6M13%
Subscriber equipment$20.2M9%
Hosted payload and other data service (4)$14.8M7%
Broadband (3)$12.2M6%
Commercial$1.3M1%

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