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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and INDEPENDENCE REALTY TRUST, INC. (IRT). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $165.3M, roughly 1.3× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs 1.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs 2.2%).
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...
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
IRDM vs IRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $165.3M |
| Net Profit | $21.6M | — |
| Gross Margin | — | — |
| Operating Margin | 23.2% | — |
| Net Margin | 9.9% | — |
| Revenue YoY | 1.9% | 2.5% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $0.00 |
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 | $165.3M | ||
| Q4 25 | $212.9M | $167.1M | ||
| Q3 25 | $226.9M | $167.1M | ||
| Q2 25 | $216.9M | $162.2M | ||
| Q1 25 | $214.9M | $161.2M | ||
| Q4 24 | $213.0M | $161.0M | ||
| Q3 24 | $212.8M | $160.1M | ||
| Q2 24 | $201.1M | $158.4M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $33.3M | ||
| Q3 25 | $37.1M | $6.9M | ||
| Q2 25 | $22.0M | $8.0M | ||
| Q1 25 | $30.4M | $8.4M | ||
| Q4 24 | $36.3M | $-1.0M | ||
| Q3 24 | $24.4M | $12.4M | ||
| Q2 24 | $32.3M | $10.4M |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | — | ||
| Q3 25 | 30.9% | — | ||
| Q2 25 | 23.2% | — | ||
| Q1 25 | 28.1% | — | ||
| Q4 24 | 24.5% | — | ||
| Q3 24 | 25.8% | — | ||
| Q2 24 | 21.7% | — |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 19.9% | ||
| Q3 25 | 16.4% | 4.1% | ||
| Q2 25 | 10.1% | 5.0% | ||
| Q1 25 | 14.2% | 5.2% | ||
| Q4 24 | 17.1% | -0.6% | ||
| Q3 24 | 11.5% | 7.7% | ||
| Q2 24 | 16.1% | 6.5% |
| Q1 26 | — | $0.00 | ||
| Q4 25 | $0.24 | $0.14 | ||
| Q3 25 | $0.35 | $0.03 | ||
| Q2 25 | $0.20 | $0.03 | ||
| Q1 25 | $0.27 | $0.04 | ||
| Q4 24 | $0.30 | $-0.01 | ||
| Q3 24 | $0.21 | $0.05 | ||
| Q2 24 | $0.27 | $0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $3.4B |
| Total Assets | — | $6.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $23.3M | ||
| Q4 25 | $96.5M | $23.6M | ||
| Q3 25 | $88.5M | $23.3M | ||
| Q2 25 | $79.3M | $19.5M | ||
| Q1 25 | $50.9M | $29.1M | ||
| Q4 24 | $93.5M | $21.2M | ||
| Q3 24 | $159.6M | $17.6M | ||
| Q2 24 | $63.5M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $462.6M | $3.5B | ||
| Q3 25 | $450.5M | $3.5B | ||
| Q2 25 | $473.6M | $3.4B | ||
| Q1 25 | $518.4M | $3.5B | ||
| Q4 24 | $576.6M | $3.4B | ||
| Q3 24 | $663.8M | $3.4B | ||
| Q2 24 | $786.7M | $3.4B |
| Q1 26 | — | $6.1B | ||
| Q4 25 | $2.5B | $6.0B | ||
| Q3 25 | $2.6B | $6.1B | ||
| Q2 25 | $2.6B | $6.0B | ||
| Q1 25 | $2.6B | $6.0B | ||
| Q4 24 | $2.7B | $6.1B | ||
| Q3 24 | $2.8B | $5.9B | ||
| Q2 24 | $2.7B | $5.9B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.66× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | 3.05× | 0.68× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
