vs
Side-by-side financial comparison of Emerald Holding, Inc. (EEX) 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 $132.7M, roughly 1.7× Emerald Holding, Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -22.8%, a 32.6% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 1.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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...
EEX vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $219.1M |
| Net Profit | $-30.2M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | 23.2% |
| Net Margin | -22.8% | 9.9% |
| Revenue YoY | 24.3% | 1.9% |
| Net Profit YoY | -692.2% | — |
| EPS (diluted) | $-0.15 | — |
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 | $132.7M | $212.9M | ||
| Q3 25 | $77.5M | $226.9M | ||
| Q2 25 | $105.5M | $216.9M | ||
| Q1 25 | $147.7M | $214.9M | ||
| Q4 24 | $106.8M | $213.0M | ||
| Q3 24 | $72.6M | $212.8M | ||
| Q2 24 | $86.0M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-30.2M | $24.9M | ||
| Q3 25 | $-14.4M | $37.1M | ||
| Q2 25 | $-1.4M | $22.0M | ||
| Q1 25 | $15.3M | $30.4M | ||
| Q4 24 | $5.1M | $36.3M | ||
| Q3 24 | $-11.1M | $24.4M | ||
| Q2 24 | $-2.8M | $32.3M |
| Q1 26 | — | 23.2% | ||
| Q4 25 | -11.8% | 25.9% | ||
| Q3 25 | -10.1% | 30.9% | ||
| Q2 25 | 9.7% | 23.2% | ||
| Q1 25 | 24.2% | 28.1% | ||
| Q4 24 | 19.5% | 24.5% | ||
| Q3 24 | -6.5% | 25.8% | ||
| Q2 24 | 7.4% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | -22.8% | 11.7% | ||
| Q3 25 | -18.6% | 16.4% | ||
| Q2 25 | -1.3% | 10.1% | ||
| Q1 25 | 10.4% | 14.2% | ||
| Q4 24 | 4.8% | 17.1% | ||
| Q3 24 | -15.3% | 11.5% | ||
| Q2 24 | -3.3% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.15 | $0.24 | ||
| Q3 25 | $-0.07 | $0.35 | ||
| Q2 25 | $-0.01 | $0.20 | ||
| Q1 25 | $0.08 | $0.27 | ||
| Q4 24 | $0.01 | $0.30 | ||
| Q3 24 | $-0.05 | $0.21 | ||
| Q2 24 | $-0.03 | $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 | $100.9M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | — |
| Total Assets | $1.2B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $100.9M | $96.5M | ||
| Q3 25 | $95.4M | $88.5M | ||
| Q2 25 | $156.4M | $79.3M | ||
| Q1 25 | $276.8M | $50.9M | ||
| Q4 24 | $194.8M | $93.5M | ||
| Q3 24 | $188.9M | $159.6M | ||
| Q2 24 | $193.2M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $338.8M | $462.6M | ||
| Q3 25 | $369.5M | $450.5M | ||
| Q2 25 | $389.4M | $473.6M | ||
| Q1 25 | $392.1M | $518.4M | ||
| Q4 24 | $385.9M | $576.6M | ||
| Q3 24 | $391.1M | $663.8M | ||
| Q2 24 | $407.6M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $2.5B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.0B | $2.7B | ||
| Q3 24 | $1.1B | $2.8B | ||
| Q2 24 | $1.1B | $2.7B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.3M | — |
| Free Cash FlowOCF − Capex | $11.7M | — |
| FCF MarginFCF / Revenue | 8.8% | — |
| Capex IntensityCapex / Revenue | 0.5% | 13.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $12.3M | $108.6M | ||
| Q3 25 | $1.8M | $100.8M | ||
| Q2 25 | $15.9M | $129.6M | ||
| Q1 25 | $12.6M | $61.1M | ||
| Q4 24 | $20.6M | $104.8M | ||
| Q3 24 | $9.1M | $118.6M | ||
| Q2 24 | $9.8M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $11.7M | $75.1M | ||
| Q3 25 | $1.5M | $79.2M | ||
| Q2 25 | $15.8M | $108.9M | ||
| Q1 25 | $12.4M | $36.5M | ||
| Q4 24 | $19.9M | $80.5M | ||
| Q3 24 | $9.0M | $100.0M | ||
| Q2 24 | $9.6M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 8.8% | 35.3% | ||
| Q3 25 | 1.9% | 34.9% | ||
| Q2 25 | 15.0% | 50.2% | ||
| Q1 25 | 8.4% | 17.0% | ||
| Q4 24 | 18.6% | 37.8% | ||
| Q3 24 | 12.4% | 47.0% | ||
| Q2 24 | 11.2% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.5% | 15.7% | ||
| Q3 25 | 0.4% | 9.5% | ||
| Q2 25 | 0.1% | 9.5% | ||
| Q1 25 | 0.1% | 11.4% | ||
| Q4 24 | 0.7% | 11.4% | ||
| Q3 24 | 0.1% | 8.7% | ||
| Q2 24 | 0.2% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | — | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | 0.82× | 2.01× | ||
| Q4 24 | 4.04× | 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
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
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% |
