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Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) 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 $120.4M, roughly 1.8× Hippo Holdings Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 5.0%, a 4.9% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs 1.9%). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs 4.4%).
Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.
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...
HIPO vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $120.4M | $219.1M |
| Net Profit | $6.0M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 5.6% | 23.2% |
| Net Margin | 5.0% | 9.9% |
| Revenue YoY | 18.2% | 1.9% |
| Net Profit YoY | -86.4% | — |
| EPS (diluted) | $0.31 | — |
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 | $120.4M | $212.9M | ||
| Q3 25 | $120.6M | $226.9M | ||
| Q2 25 | $117.3M | $216.9M | ||
| Q1 25 | $110.3M | $214.9M | ||
| Q4 24 | $101.9M | $213.0M | ||
| Q3 24 | $95.5M | $212.8M | ||
| Q2 24 | $89.6M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $6.0M | $24.9M | ||
| Q3 25 | $98.1M | $37.1M | ||
| Q2 25 | $1.3M | $22.0M | ||
| Q1 25 | $-47.7M | $30.4M | ||
| Q4 24 | $44.2M | $36.3M | ||
| Q3 24 | $-8.5M | $24.4M | ||
| Q2 24 | $-40.5M | $32.3M |
| Q1 26 | — | 23.2% | ||
| Q4 25 | 5.6% | 25.9% | ||
| Q3 25 | 81.3% | 30.9% | ||
| Q2 25 | 3.4% | 23.2% | ||
| Q1 25 | -41.3% | 28.1% | ||
| Q4 24 | 46.3% | 24.5% | ||
| Q3 24 | -5.4% | 25.8% | ||
| Q2 24 | -40.7% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | 5.0% | 11.7% | ||
| Q3 25 | 81.3% | 16.4% | ||
| Q2 25 | 1.1% | 10.1% | ||
| Q1 25 | -43.2% | 14.2% | ||
| Q4 24 | 43.4% | 17.1% | ||
| Q3 24 | -8.9% | 11.5% | ||
| Q2 24 | -45.2% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.31 | $0.24 | ||
| Q3 25 | $3.77 | $0.35 | ||
| Q2 25 | $0.05 | $0.20 | ||
| Q1 25 | $-1.91 | $0.27 | ||
| Q4 24 | $1.81 | $0.30 | ||
| Q3 24 | $-0.34 | $0.21 | ||
| Q2 24 | $-1.64 | $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 | $218.3M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $436.1M | — |
| Total Assets | $1.9B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $218.3M | $96.5M | ||
| Q3 25 | $247.7M | $88.5M | ||
| Q2 25 | $198.9M | $79.3M | ||
| Q1 25 | $140.9M | $50.9M | ||
| Q4 24 | $197.6M | $93.5M | ||
| Q3 24 | $191.2M | $159.6M | ||
| Q2 24 | $175.9M | $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 | $436.1M | $462.6M | ||
| Q3 25 | $421.5M | $450.5M | ||
| Q2 25 | $332.5M | $473.6M | ||
| Q1 25 | $322.8M | $518.4M | ||
| Q4 24 | $362.1M | $576.6M | ||
| Q3 24 | $326.4M | $663.8M | ||
| Q2 24 | $322.6M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $2.5B | ||
| Q3 25 | $1.9B | $2.6B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.5B | $2.6B | ||
| Q4 24 | $1.5B | $2.7B | ||
| Q3 24 | $1.5B | $2.8B | ||
| Q2 24 | $1.5B | $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 | $9.2M | — |
| Free Cash FlowOCF − Capex | $9.1M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | 13.7% |
| Cash ConversionOCF / Net Profit | 1.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.2M | $108.6M | ||
| Q3 25 | $16.9M | $100.8M | ||
| Q2 25 | $24.7M | $129.6M | ||
| Q1 25 | $-35.6M | $61.1M | ||
| Q4 24 | $47.5M | $104.8M | ||
| Q3 24 | $46.8M | $118.6M | ||
| Q2 24 | $-10.6M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $9.1M | $75.1M | ||
| Q3 25 | $16.8M | $79.2M | ||
| Q2 25 | $24.6M | $108.9M | ||
| Q1 25 | $-35.7M | $36.5M | ||
| Q4 24 | $47.2M | $80.5M | ||
| Q3 24 | — | $100.0M | ||
| Q2 24 | $-10.7M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 35.3% | ||
| Q3 25 | 13.9% | 34.9% | ||
| Q2 25 | 21.0% | 50.2% | ||
| Q1 25 | -32.4% | 17.0% | ||
| Q4 24 | 46.3% | 37.8% | ||
| Q3 24 | — | 47.0% | ||
| Q2 24 | -11.9% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.1% | 15.7% | ||
| Q3 25 | 0.1% | 9.5% | ||
| Q2 25 | 0.1% | 9.5% | ||
| Q1 25 | 0.1% | 11.4% | ||
| Q4 24 | 0.3% | 11.4% | ||
| Q3 24 | 0.0% | 8.7% | ||
| Q2 24 | 0.1% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.53× | 4.37× | ||
| Q3 25 | 0.17× | 2.71× | ||
| Q2 25 | 19.00× | 5.90× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | 1.07× | 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
HIPO
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% |
