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Side-by-side financial comparison of Grindr Inc. (GRND) 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 $126.0M, roughly 1.7× Grindr Inc.). Grindr Inc. runs the higher net margin — 16.1% vs 9.9%, a 6.2% gap on every dollar of revenue. On growth, Grindr Inc. posted the faster year-over-year revenue change (29.0% vs 1.9%). Over the past eight quarters, Grindr Inc.'s revenue compounded faster (29.3% CAGR vs 4.4%).
Grindr is a location-based social networking and online hookup application for LGBTQ people.
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...
GRND vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $126.0M | $219.1M |
| Net Profit | $20.3M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 24.9% | 23.2% |
| Net Margin | 16.1% | 9.9% |
| Revenue YoY | 29.0% | 1.9% |
| Net Profit YoY | 116.4% | — |
| EPS (diluted) | $0.10 | — |
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 | $126.0M | $212.9M | ||
| Q3 25 | $115.8M | $226.9M | ||
| Q2 25 | $104.2M | $216.9M | ||
| Q1 25 | $93.9M | $214.9M | ||
| Q4 24 | $97.6M | $213.0M | ||
| Q3 24 | $89.3M | $212.8M | ||
| Q2 24 | $82.3M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $20.3M | $24.9M | ||
| Q3 25 | $30.8M | $37.1M | ||
| Q2 25 | $16.6M | $22.0M | ||
| Q1 25 | $27.0M | $30.4M | ||
| Q4 24 | $-123.9M | $36.3M | ||
| Q3 24 | $24.7M | $24.4M | ||
| Q2 24 | $-22.4M | $32.3M |
| Q1 26 | — | 23.2% | ||
| Q4 25 | 24.9% | 25.9% | ||
| Q3 25 | 39.1% | 30.9% | ||
| Q2 25 | 23.4% | 23.2% | ||
| Q1 25 | 27.0% | 28.1% | ||
| Q4 24 | 20.9% | 24.5% | ||
| Q3 24 | 31.8% | 25.8% | ||
| Q2 24 | 29.8% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 16.1% | 11.7% | ||
| Q3 25 | 26.6% | 16.4% | ||
| Q2 25 | 16.0% | 10.1% | ||
| Q1 25 | 28.8% | 14.2% | ||
| Q4 24 | -126.9% | 17.1% | ||
| Q3 24 | 27.6% | 11.5% | ||
| Q2 24 | -27.2% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.10 | $0.24 | ||
| Q3 25 | $0.16 | $0.35 | ||
| Q2 25 | $0.08 | $0.20 | ||
| Q1 25 | $0.09 | $0.27 | ||
| Q4 24 | $-0.65 | $0.30 | ||
| Q3 24 | $0.09 | $0.21 | ||
| Q2 24 | $-0.13 | $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 | $87.0M | — |
| Total DebtLower is stronger | $395.9M | — |
| Stockholders' EquityBook value | $47.0M | — |
| Total Assets | $531.0M | — |
| Debt / EquityLower = less leverage | 8.42× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $87.0M | $96.5M | ||
| Q3 25 | $6.3M | $88.5M | ||
| Q2 25 | $120.8M | $79.3M | ||
| Q1 25 | $255.9M | $50.9M | ||
| Q4 24 | $59.2M | $93.5M | ||
| Q3 24 | $39.1M | $159.6M | ||
| Q2 24 | $16.3M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $395.9M | $1.8B | ||
| Q3 25 | $279.9M | — | ||
| Q2 25 | $283.5M | — | ||
| Q1 25 | $287.0M | — | ||
| Q4 24 | $290.6M | $1.8B | ||
| Q3 24 | $294.1M | — | ||
| Q2 24 | $297.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | $47.0M | $462.6M | ||
| Q3 25 | $71.0M | $450.5M | ||
| Q2 25 | $187.7M | $473.6M | ||
| Q1 25 | $319.8M | $518.4M | ||
| Q4 24 | $-131.6M | $576.6M | ||
| Q3 24 | $-13.4M | $663.8M | ||
| Q2 24 | $-41.7M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $531.0M | $2.5B | ||
| Q3 25 | $439.2M | $2.6B | ||
| Q2 25 | $547.6M | $2.6B | ||
| Q1 25 | $679.4M | $2.6B | ||
| Q4 24 | $479.1M | $2.7B | ||
| Q3 24 | $456.3M | $2.8B | ||
| Q2 24 | $435.0M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 8.42× | 3.80× | ||
| Q3 25 | 3.94× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 0.90× | — | ||
| 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 | $24.8M | — |
| Free Cash FlowOCF − Capex | $24.5M | — |
| FCF MarginFCF / Revenue | 19.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | 13.7% |
| Cash ConversionOCF / Net Profit | 1.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $140.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $24.8M | $108.6M | ||
| Q3 25 | $55.4M | $100.8M | ||
| Q2 25 | $37.5M | $129.6M | ||
| Q1 25 | $23.8M | $61.1M | ||
| Q4 24 | $29.5M | $104.8M | ||
| Q3 24 | $29.1M | $118.6M | ||
| Q2 24 | $15.8M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $24.5M | $75.1M | ||
| Q3 25 | $55.2M | $79.2M | ||
| Q2 25 | $37.3M | $108.9M | ||
| Q1 25 | $23.7M | $36.5M | ||
| Q4 24 | $29.3M | $80.5M | ||
| Q3 24 | $28.8M | $100.0M | ||
| Q2 24 | $15.7M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 19.5% | 35.3% | ||
| Q3 25 | 47.7% | 34.9% | ||
| Q2 25 | 35.8% | 50.2% | ||
| Q1 25 | 25.2% | 17.0% | ||
| Q4 24 | 30.0% | 37.8% | ||
| Q3 24 | 32.2% | 47.0% | ||
| Q2 24 | 19.0% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.2% | 15.7% | ||
| Q3 25 | 0.2% | 9.5% | ||
| Q2 25 | 0.2% | 9.5% | ||
| Q1 25 | 0.1% | 11.4% | ||
| Q4 24 | 0.3% | 11.4% | ||
| Q3 24 | 0.4% | 8.7% | ||
| Q2 24 | 0.2% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.22× | 4.37× | ||
| Q3 25 | 1.80× | 2.71× | ||
| Q2 25 | 2.25× | 5.90× | ||
| Q1 25 | 0.88× | 2.01× | ||
| Q4 24 | — | 2.88× | ||
| Q3 24 | 1.18× | 4.85× | ||
| Q2 24 | — | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRND
| License And Service | $102.9M | 82% |
| Advertising | $23.1M | 18% |
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% |
