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Side-by-side financial comparison of Claritev Corp (CTEV) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $219.1M, roughly 1.1× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -32.7%, a 42.5% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs 1.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs 2.5%).
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...
CTEV vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $219.1M |
| Net Profit | $-80.6M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | -3.1% | 23.2% |
| Net Margin | -32.7% | 9.9% |
| Revenue YoY | 6.2% | 1.9% |
| Net Profit YoY | 41.6% | — |
| EPS (diluted) | $-4.88 | — |
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 | $246.6M | $212.9M | ||
| Q3 25 | $246.0M | $226.9M | ||
| Q2 25 | $241.6M | $216.9M | ||
| Q1 25 | $231.3M | $214.9M | ||
| Q4 24 | $232.1M | $213.0M | ||
| Q3 24 | $230.5M | $212.8M | ||
| Q2 24 | $233.5M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-80.6M | $24.9M | ||
| Q3 25 | $-69.8M | $37.1M | ||
| Q2 25 | $-62.6M | $22.0M | ||
| Q1 25 | $-71.3M | $30.4M | ||
| Q4 24 | $-138.0M | $36.3M | ||
| Q3 24 | $-391.4M | $24.4M | ||
| Q2 24 | $-576.7M | $32.3M |
| Q1 26 | — | 23.2% | ||
| Q4 25 | -3.1% | 25.9% | ||
| Q3 25 | 4.1% | 30.9% | ||
| Q2 25 | 6.9% | 23.2% | ||
| Q1 25 | 4.2% | 28.1% | ||
| Q4 24 | -17.8% | 24.5% | ||
| Q3 24 | -146.7% | 25.8% | ||
| Q2 24 | -224.4% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | -32.7% | 11.7% | ||
| Q3 25 | -28.4% | 16.4% | ||
| Q2 25 | -25.9% | 10.1% | ||
| Q1 25 | -30.8% | 14.2% | ||
| Q4 24 | -59.4% | 17.1% | ||
| Q3 24 | -169.8% | 11.5% | ||
| Q2 24 | -247.0% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-4.88 | $0.24 | ||
| Q3 25 | $-4.23 | $0.35 | ||
| Q2 25 | $-3.81 | $0.20 | ||
| Q1 25 | $-4.38 | $0.27 | ||
| Q4 24 | $-8.49 | $0.30 | ||
| Q3 24 | $-24.25 | $0.21 | ||
| Q2 24 | $-35.78 | $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 | $16.8M | — |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $-173.9M | — |
| Total Assets | $4.9B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $16.8M | $96.5M | ||
| Q3 25 | $39.2M | $88.5M | ||
| Q2 25 | $56.4M | $79.3M | ||
| Q1 25 | $23.1M | $50.9M | ||
| Q4 24 | $16.8M | $93.5M | ||
| Q3 24 | $86.6M | $159.6M | ||
| Q2 24 | $48.8M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | $1.8B | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | $1.8B | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — |
| Q1 26 | — | — | ||
| Q4 25 | $-173.9M | $462.6M | ||
| Q3 25 | $-101.8M | $450.5M | ||
| Q2 25 | $-39.9M | $473.6M | ||
| Q1 25 | $14.8M | $518.4M | ||
| Q4 24 | $84.0M | $576.6M | ||
| Q3 24 | $207.6M | $663.8M | ||
| Q2 24 | $603.4M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $2.5B | ||
| Q3 25 | $5.0B | $2.6B | ||
| Q2 25 | $5.1B | $2.6B | ||
| Q1 25 | $5.1B | $2.6B | ||
| Q4 24 | $5.2B | $2.7B | ||
| Q3 24 | $5.3B | $2.8B | ||
| Q2 24 | $5.7B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 304.87× | — | ||
| Q4 24 | 53.67× | 3.05× | ||
| Q3 24 | 21.73× | — | ||
| Q2 24 | 7.48× | — |
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 | $66.3M | — |
| Free Cash FlowOCF − Capex | $36.4M | — |
| FCF MarginFCF / Revenue | 14.8% | — |
| Capex IntensityCapex / Revenue | 12.1% | 13.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $66.3M | $108.6M | ||
| Q3 25 | $19.9M | $100.8M | ||
| Q2 25 | $61.2M | $129.6M | ||
| Q1 25 | $-30.1M | $61.1M | ||
| Q4 24 | $-33.4M | $104.8M | ||
| Q3 24 | $72.8M | $118.6M | ||
| Q2 24 | $18.5M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $36.4M | $75.1M | ||
| Q3 25 | $-16.3M | $79.2M | ||
| Q2 25 | $36.6M | $108.9M | ||
| Q1 25 | $-68.9M | $36.5M | ||
| Q4 24 | $-63.8M | $80.5M | ||
| Q3 24 | $41.1M | $100.0M | ||
| Q2 24 | $-7.0M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 14.8% | 35.3% | ||
| Q3 25 | -6.6% | 34.9% | ||
| Q2 25 | 15.2% | 50.2% | ||
| Q1 25 | -29.8% | 17.0% | ||
| Q4 24 | -27.5% | 37.8% | ||
| Q3 24 | 17.8% | 47.0% | ||
| Q2 24 | -3.0% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 12.1% | 15.7% | ||
| Q3 25 | 14.7% | 9.5% | ||
| Q2 25 | 10.2% | 9.5% | ||
| Q1 25 | 16.8% | 11.4% | ||
| Q4 24 | 13.1% | 11.4% | ||
| Q3 24 | 13.8% | 8.7% | ||
| Q2 24 | 10.9% | 6.2% |
| 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
CTEV
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% |
