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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and loanDepot, Inc. (LDI). Click either name above to swap in a different company.
loanDepot, Inc. is the larger business by last-quarter revenue ($310.3M vs $219.1M, roughly 1.4× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -7.2%, a 17.1% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs 1.9%). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% CAGR vs 4.4%).
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...
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
IRDM vs LDI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $310.3M |
| Net Profit | $21.6M | $-22.5M |
| Gross Margin | — | — |
| Operating Margin | 23.2% | -10.3% |
| Net Margin | 9.9% | -7.2% |
| Revenue YoY | 1.9% | 20.5% |
| Net Profit YoY | — | 32.4% |
| EPS (diluted) | — | — |
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 | $212.9M | $310.3M | ||
| Q3 25 | $226.9M | $323.3M | ||
| Q2 25 | $216.9M | $282.5M | ||
| Q1 25 | $214.9M | $273.6M | ||
| Q4 24 | $213.0M | $257.5M | ||
| Q3 24 | $212.8M | $314.6M | ||
| Q2 24 | $201.1M | $265.4M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $-22.5M | ||
| Q3 25 | $37.1M | $-4.9M | ||
| Q2 25 | $22.0M | $-13.4M | ||
| Q1 25 | $30.4M | $-21.9M | ||
| Q4 24 | $36.3M | $-33.2M | ||
| Q3 24 | $24.4M | $1.4M | ||
| Q2 24 | $32.3M | $-32.2M |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | -10.3% | ||
| Q3 25 | 30.9% | -3.2% | ||
| Q2 25 | 23.2% | -11.4% | ||
| Q1 25 | 28.1% | -16.8% | ||
| Q4 24 | 24.5% | -32.7% | ||
| Q3 24 | 25.8% | 1.1% | ||
| Q2 24 | 21.7% | -29.1% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | -7.2% | ||
| Q3 25 | 16.4% | -1.5% | ||
| Q2 25 | 10.1% | -4.7% | ||
| Q1 25 | 14.2% | -8.0% | ||
| Q4 24 | 17.1% | -12.9% | ||
| Q3 24 | 11.5% | 0.4% | ||
| Q2 24 | 16.1% | -12.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.35 | — | ||
| Q2 25 | $0.20 | — | ||
| Q1 25 | $0.27 | — | ||
| Q4 24 | $0.30 | — | ||
| Q3 24 | $0.21 | $0.01 | ||
| Q2 24 | $0.27 | $-0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $337.2M |
| Total DebtLower is stronger | — | $2.1B |
| Stockholders' EquityBook value | — | $386.0M |
| Total Assets | — | $6.9B |
| Debt / EquityLower = less leverage | — | 5.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $337.2M | ||
| Q3 25 | $88.5M | $459.2M | ||
| Q2 25 | $79.3M | $408.6M | ||
| Q1 25 | $50.9M | $371.5M | ||
| Q4 24 | $93.5M | $421.6M | ||
| Q3 24 | $159.6M | $483.0M | ||
| Q2 24 | $63.5M | $533.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $1.8B | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $386.0M | ||
| Q3 25 | $450.5M | $433.3M | ||
| Q2 25 | $473.6M | $439.1M | ||
| Q1 25 | $518.4M | $469.3M | ||
| Q4 24 | $576.6M | $506.6M | ||
| Q3 24 | $663.8M | $592.0M | ||
| Q2 24 | $786.7M | $578.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $6.9B | ||
| Q3 25 | $2.6B | $6.2B | ||
| Q2 25 | $2.6B | $6.2B | ||
| Q1 25 | $2.6B | $6.4B | ||
| Q4 24 | $2.7B | $6.3B | ||
| Q3 24 | $2.8B | $6.4B | ||
| Q2 24 | $2.7B | $5.9B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 5.44× | ||
| Q3 25 | — | 4.83× | ||
| Q2 25 | — | 4.70× | ||
| Q1 25 | — | 4.30× | ||
| Q4 24 | 3.05× | 4.00× | ||
| Q3 24 | — | 3.31× | ||
| Q2 24 | — | 3.41× |
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 | — | $-638.7M |
| Free Cash FlowOCF − Capex | — | $-648.0M |
| FCF MarginFCF / Revenue | — | -208.9% |
| Capex IntensityCapex / Revenue | 13.7% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-734.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $-638.7M | ||
| Q3 25 | $100.8M | $43.4M | ||
| Q2 25 | $129.6M | $67.6M | ||
| Q1 25 | $61.1M | $-179.9M | ||
| Q4 24 | $104.8M | $47.7M | ||
| Q3 24 | $118.6M | $-349.2M | ||
| Q2 24 | $81.1M | $-278.3M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-648.0M | ||
| Q3 25 | $79.2M | $38.7M | ||
| Q2 25 | $108.9M | $61.4M | ||
| Q1 25 | $36.5M | $-186.7M | ||
| Q4 24 | $80.5M | $40.8M | ||
| Q3 24 | $100.0M | $-356.4M | ||
| Q2 24 | $68.7M | $-285.7M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | -208.9% | ||
| Q3 25 | 34.9% | 12.0% | ||
| Q2 25 | 50.2% | 21.7% | ||
| Q1 25 | 17.0% | -68.2% | ||
| Q4 24 | 37.8% | 15.8% | ||
| Q3 24 | 47.0% | -113.3% | ||
| Q2 24 | 34.2% | -107.7% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 3.0% | ||
| Q3 25 | 9.5% | 1.5% | ||
| Q2 25 | 9.5% | 2.2% | ||
| Q1 25 | 11.4% | 2.5% | ||
| Q4 24 | 11.4% | 2.7% | ||
| Q3 24 | 8.7% | 2.3% | ||
| Q2 24 | 6.2% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | — | ||
| Q3 25 | 2.71× | — | ||
| Q2 25 | 5.90× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | — | ||
| Q3 24 | 4.85× | -255.05× | ||
| Q2 24 | 2.51× | — |
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% |
LDI
Segment breakdown not available.
