vs
Side-by-side financial comparison of Gogo Inc. (GOGO) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $219.1M, roughly 1.1× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -4.3%, a 14.2% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 1.9%). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 4.4%).
Gogo Inc. is an American provider of in-flight broadband Internet service and other connectivity services for business aircraft, headquartered in Broomfield, Colorado. Through its Gogo LLC subsidiary, Gogo previously provided in-flight WiFi to 17 airlines until the Commercial Air business was sold to Intelsat for $400 million in December 2020. According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is the de...
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...
GOGO vs IRDM — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $219.1M |
| Net Profit | $-10.0M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 6.2% | 23.2% |
| Net Margin | -4.3% | 9.9% |
| Revenue YoY | 67.3% | 1.9% |
| Net Profit YoY | 64.6% | -29.0% |
| EPS (diluted) | $-0.08 | — |
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 | $230.6M | $212.9M | ||
| Q3 25 | $223.6M | $226.9M | ||
| Q2 25 | $226.0M | $216.9M | ||
| Q1 25 | $230.3M | $214.9M | ||
| Q4 24 | $137.8M | $213.0M | ||
| Q3 24 | $100.5M | $212.8M | ||
| Q2 24 | $102.1M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-10.0M | $24.9M | ||
| Q3 25 | $-1.9M | $37.1M | ||
| Q2 25 | $12.8M | $22.0M | ||
| Q1 25 | $12.0M | $30.4M | ||
| Q4 24 | $-28.2M | $36.3M | ||
| Q3 24 | $10.6M | $24.4M | ||
| Q2 24 | $839.0K | $32.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 87.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 23.2% | ||
| Q4 25 | 6.2% | 25.9% | ||
| Q3 25 | 12.9% | 30.9% | ||
| Q2 25 | 15.9% | 23.2% | ||
| Q1 25 | 15.3% | 28.1% | ||
| Q4 24 | -17.5% | 24.5% | ||
| Q3 24 | 19.0% | 25.8% | ||
| Q2 24 | 21.2% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | -4.3% | 11.7% | ||
| Q3 25 | -0.9% | 16.4% | ||
| Q2 25 | 5.7% | 10.1% | ||
| Q1 25 | 5.2% | 14.2% | ||
| Q4 24 | -20.5% | 17.1% | ||
| Q3 24 | 10.6% | 11.5% | ||
| Q2 24 | 0.8% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.08 | $0.24 | ||
| Q3 25 | $-0.01 | $0.35 | ||
| Q2 25 | $0.09 | $0.20 | ||
| Q1 25 | $0.09 | $0.27 | ||
| Q4 24 | $-0.22 | $0.30 | ||
| Q3 24 | $0.08 | $0.21 | ||
| Q2 24 | $0.01 | $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 | $125.2M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $101.1M | — |
| Total Assets | $1.3B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $125.2M | $96.5M | ||
| Q3 25 | $133.6M | $88.5M | ||
| Q2 25 | $102.1M | $79.3M | ||
| Q1 25 | $70.3M | $50.9M | ||
| Q4 24 | $41.8M | $93.5M | ||
| Q3 24 | $176.7M | $159.6M | ||
| Q2 24 | $161.6M | $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 | $101.1M | $462.6M | ||
| Q3 25 | $107.0M | $450.5M | ||
| Q2 25 | $102.8M | $473.6M | ||
| Q1 25 | $82.9M | $518.4M | ||
| Q4 24 | $69.3M | $576.6M | ||
| Q3 24 | $52.7M | $663.8M | ||
| Q2 24 | $52.0M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $2.5B | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $1.3B | $2.6B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.2B | $2.7B | ||
| Q3 24 | $810.7M | $2.8B | ||
| Q2 24 | $802.7M | $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 | $8.5M | — |
| Free Cash FlowOCF − Capex | $-25.4M | — |
| FCF MarginFCF / Revenue | -11.0% | — |
| Capex IntensityCapex / Revenue | 14.7% | 13.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $8.5M | $108.6M | ||
| Q3 25 | $46.8M | $100.8M | ||
| Q2 25 | $36.7M | $129.6M | ||
| Q1 25 | $32.5M | $61.1M | ||
| Q4 24 | $-38.3M | $104.8M | ||
| Q3 24 | $25.1M | $118.6M | ||
| Q2 24 | $24.9M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-25.4M | $75.1M | ||
| Q3 25 | $27.3M | $79.2M | ||
| Q2 25 | $33.5M | $108.9M | ||
| Q1 25 | $29.7M | $36.5M | ||
| Q4 24 | $-42.6M | $80.5M | ||
| Q3 24 | $20.7M | $100.0M | ||
| Q2 24 | $21.6M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | -11.0% | 35.3% | ||
| Q3 25 | 12.2% | 34.9% | ||
| Q2 25 | 14.8% | 50.2% | ||
| Q1 25 | 12.9% | 17.0% | ||
| Q4 24 | -30.9% | 37.8% | ||
| Q3 24 | 20.6% | 47.0% | ||
| Q2 24 | 21.1% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 14.7% | 15.7% | ||
| Q3 25 | 8.7% | 9.5% | ||
| Q2 25 | 1.4% | 9.5% | ||
| Q1 25 | 1.2% | 11.4% | ||
| Q4 24 | 3.1% | 11.4% | ||
| Q3 24 | 4.4% | 8.7% | ||
| Q2 24 | 3.3% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | — | 2.71× | ||
| Q2 25 | 2.87× | 5.90× | ||
| Q1 25 | 2.70× | 2.01× | ||
| Q4 24 | — | 2.88× | ||
| Q3 24 | 2.36× | 4.85× | ||
| Q2 24 | 29.74× | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $43.9M | 20% |
| Government | $35.8M | 16% |
| Government service revenue (5) | $26.8M | 12% |
| Subscriber equipment | $23.1M | 11% |
| Hosted payload and other data service (4) | $14.9M | 7% |
| Broadband (3) | $12.9M | 6% |
| Commercial | $1.6M | 1% |
