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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and MediaAlpha, Inc. (MAX). Click either name above to swap in a different company.
MediaAlpha, Inc. is the larger business by last-quarter revenue ($310.0M vs $219.1M, roughly 1.4× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 4.5%, a 5.3% gap on every dollar of revenue. On growth, MediaAlpha, Inc. posted the faster year-over-year revenue change (17.3% vs 1.9%). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (31.9% 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...
Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.
IRDM vs MAX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $310.0M |
| Net Profit | $21.6M | $14.0M |
| Gross Margin | — | 15.1% |
| Operating Margin | 23.2% | 7.2% |
| Net Margin | 9.9% | 4.5% |
| Revenue YoY | 1.9% | 17.3% |
| Net Profit YoY | — | 701.8% |
| 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 | $310.0M | ||
| Q4 25 | $212.9M | $291.2M | ||
| Q3 25 | $226.9M | $306.5M | ||
| Q2 25 | $216.9M | $251.6M | ||
| Q1 25 | $214.9M | $264.3M | ||
| Q4 24 | $213.0M | $300.6M | ||
| Q3 24 | $212.8M | $259.1M | ||
| Q2 24 | $201.1M | $178.3M |
| Q1 26 | $21.6M | $14.0M | ||
| Q4 25 | $24.9M | $31.4M | ||
| Q3 25 | $37.1M | $14.9M | ||
| Q2 25 | $22.0M | $-18.7M | ||
| Q1 25 | $30.4M | $-1.9M | ||
| Q4 24 | $36.3M | $4.6M | ||
| Q3 24 | $24.4M | $9.5M | ||
| Q2 24 | $32.3M | $3.6M |
| Q1 26 | — | 15.1% | ||
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 15.8% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | — | 17.8% |
| Q1 26 | 23.2% | 7.2% | ||
| Q4 25 | 25.9% | 7.7% | ||
| Q3 25 | 30.9% | 6.4% | ||
| Q2 25 | 23.2% | -8.0% | ||
| Q1 25 | 28.1% | 0.0% | ||
| Q4 24 | 24.5% | 6.1% | ||
| Q3 24 | 25.8% | 6.0% | ||
| Q2 24 | 21.7% | 3.6% |
| Q1 26 | 9.9% | 4.5% | ||
| Q4 25 | 11.7% | 10.8% | ||
| Q3 25 | 16.4% | 4.9% | ||
| Q2 25 | 10.1% | -7.4% | ||
| Q1 25 | 14.2% | -0.7% | ||
| Q4 24 | 17.1% | 1.5% | ||
| Q3 24 | 11.5% | 3.7% | ||
| Q2 24 | 16.1% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.50 | ||
| Q3 25 | $0.35 | $0.26 | ||
| Q2 25 | $0.20 | $-0.33 | ||
| Q1 25 | $0.27 | $-0.04 | ||
| Q4 24 | $0.30 | $0.09 | ||
| Q3 24 | $0.21 | $0.17 | ||
| Q2 24 | $0.27 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $26.1M |
| Total DebtLower is stronger | — | $163.5M |
| Stockholders' EquityBook value | — | — |
| Total Assets | — | $367.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $26.1M | ||
| Q4 25 | $96.5M | $46.9M | ||
| Q3 25 | $88.5M | $38.8M | ||
| Q2 25 | $79.3M | $85.4M | ||
| Q1 25 | $50.9M | $63.6M | ||
| Q4 24 | $93.5M | $43.3M | ||
| Q3 24 | $159.6M | $32.3M | ||
| Q2 24 | $63.5M | $28.7M |
| Q1 26 | — | $163.5M | ||
| Q4 25 | $1.8B | $153.4M | ||
| Q3 25 | — | $155.7M | ||
| Q2 25 | — | $158.0M | ||
| Q1 25 | — | $160.2M | ||
| Q4 24 | $1.8B | $162.4M | ||
| Q3 24 | — | $164.7M | ||
| Q2 24 | — | $166.9M |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $4.2M | ||
| Q3 25 | $450.5M | $-29.8M | ||
| Q2 25 | $473.6M | $-3.8M | ||
| Q1 25 | $518.4M | $7.9M | ||
| Q4 24 | $576.6M | $2.4M | ||
| Q3 24 | $663.8M | $-8.4M | ||
| Q2 24 | $786.7M | $-24.4M |
| Q1 26 | — | $367.7M | ||
| Q4 25 | $2.5B | $383.8M | ||
| Q3 25 | $2.6B | $266.2M | ||
| Q2 25 | $2.6B | $249.4M | ||
| Q1 25 | $2.6B | $240.0M | ||
| Q4 24 | $2.7B | $262.4M | ||
| Q3 24 | $2.8B | $236.1M | ||
| Q2 24 | $2.7B | $198.2M |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 36.88× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 20.23× | ||
| Q4 24 | 3.05× | 68.31× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
MAX
Segment breakdown not available.
