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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and OPKO HEALTH, INC. (OPK). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $148.5M, roughly 1.5× OPKO HEALTH, INC.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -21.1%, a 30.9% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -19.2%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -7.5%).
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...
OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".
IRDM vs OPK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $148.5M |
| Net Profit | $21.6M | $-31.3M |
| Gross Margin | — | 43.1% |
| Operating Margin | 23.2% | -25.8% |
| Net Margin | 9.9% | -21.1% |
| Revenue YoY | 1.9% | -19.2% |
| Net Profit YoY | -29.0% | -322.8% |
| EPS (diluted) | — | $-0.04 |
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 | $148.5M | ||
| Q3 25 | $226.9M | $151.7M | ||
| Q2 25 | $216.9M | $156.8M | ||
| Q1 25 | $214.9M | $150.0M | ||
| Q4 24 | $213.0M | $183.6M | ||
| Q3 24 | $212.8M | $173.6M | ||
| Q2 24 | $201.1M | $182.2M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $-31.3M | ||
| Q3 25 | $37.1M | $21.6M | ||
| Q2 25 | $22.0M | $-148.4M | ||
| Q1 25 | $30.4M | $-67.6M | ||
| Q4 24 | $36.3M | $14.0M | ||
| Q3 24 | $24.4M | $24.9M | ||
| Q2 24 | $32.3M | $-10.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | — | 31.5% | ||
| Q1 25 | — | 28.4% | ||
| Q4 24 | — | 46.1% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 28.4% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | -25.8% | ||
| Q3 25 | 30.9% | 31.7% | ||
| Q2 25 | 23.2% | -38.3% | ||
| Q1 25 | 28.1% | -44.8% | ||
| Q4 24 | 24.5% | -18.0% | ||
| Q3 24 | 25.8% | 8.2% | ||
| Q2 24 | 21.7% | -33.9% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | -21.1% | ||
| Q3 25 | 16.4% | 14.3% | ||
| Q2 25 | 10.1% | -94.7% | ||
| Q1 25 | 14.2% | -45.1% | ||
| Q4 24 | 17.1% | 7.6% | ||
| Q3 24 | 11.5% | 14.3% | ||
| Q2 24 | 16.1% | -5.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $-0.04 | ||
| Q3 25 | $0.35 | $0.03 | ||
| Q2 25 | $0.20 | $-0.19 | ||
| Q1 25 | $0.27 | $-0.10 | ||
| Q4 24 | $0.30 | $0.02 | ||
| Q3 24 | $0.21 | $0.03 | ||
| Q2 24 | $0.27 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $364.4M |
| Total DebtLower is stronger | — | $344.0M |
| Stockholders' EquityBook value | — | $1.3B |
| Total Assets | — | $1.9B |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $364.4M | ||
| Q3 25 | $88.5M | $412.0M | ||
| Q2 25 | $79.3M | $267.3M | ||
| Q1 25 | $50.9M | $428.8M | ||
| Q4 24 | $93.5M | $426.6M | ||
| Q3 24 | $159.6M | $400.1M | ||
| Q2 24 | $63.5M | $40.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $344.0M | ||
| Q3 25 | — | $344.2M | ||
| Q2 25 | — | $343.3M | ||
| Q1 25 | — | $439.2M | ||
| Q4 24 | $1.8B | $437.2M | ||
| Q3 24 | — | $441.0M | ||
| Q2 24 | — | $201.9M |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $1.3B | ||
| Q3 25 | $450.5M | $1.3B | ||
| Q2 25 | $473.6M | $1.3B | ||
| Q1 25 | $518.4M | $1.3B | ||
| Q4 24 | $576.6M | $1.4B | ||
| Q3 24 | $663.8M | $1.4B | ||
| Q2 24 | $786.7M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.9B | ||
| Q3 25 | $2.6B | $2.0B | ||
| Q2 25 | $2.6B | $2.0B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.7B | $2.2B | ||
| Q3 24 | $2.8B | $2.3B | ||
| Q2 24 | $2.7B | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.27× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | 3.05× | 0.32× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.14× |
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 | — | $-25.9M |
| Free Cash FlowOCF − Capex | — | $-28.6M |
| FCF MarginFCF / Revenue | — | -19.3% |
| Capex IntensityCapex / Revenue | 13.7% | 1.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-190.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $-25.9M | ||
| Q3 25 | $100.8M | $-34.6M | ||
| Q2 25 | $129.6M | $-83.4M | ||
| Q1 25 | $61.1M | $-34.6M | ||
| Q4 24 | $104.8M | $-44.4M | ||
| Q3 24 | $118.6M | $-77.1M | ||
| Q2 24 | $81.1M | $-26.4M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-28.6M | ||
| Q3 25 | $79.2M | $-37.8M | ||
| Q2 25 | $108.9M | $-86.7M | ||
| Q1 25 | $36.5M | $-37.7M | ||
| Q4 24 | $80.5M | $-49.8M | ||
| Q3 24 | $100.0M | $-85.0M | ||
| Q2 24 | $68.7M | $-33.7M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | -19.3% | ||
| Q3 25 | 34.9% | -24.9% | ||
| Q2 25 | 50.2% | -55.3% | ||
| Q1 25 | 17.0% | -25.2% | ||
| Q4 24 | 37.8% | -27.1% | ||
| Q3 24 | 47.0% | -49.0% | ||
| Q2 24 | 34.2% | -18.5% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 1.8% | ||
| Q3 25 | 9.5% | 2.1% | ||
| Q2 25 | 9.5% | 2.1% | ||
| Q1 25 | 11.4% | 2.1% | ||
| Q4 24 | 11.4% | 2.9% | ||
| Q3 24 | 8.7% | 4.6% | ||
| Q2 24 | 6.2% | 4.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | — | ||
| Q3 25 | 2.71× | -1.60× | ||
| Q2 25 | 5.90× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | -3.17× | ||
| Q3 24 | 4.85× | -3.10× | ||
| 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) | $43.9M | 20% |
| Government | $35.8M | 16% |
| Government service revenue (5) | $26.8M | 12% |
| Subscriber equipment | $23.1M | 11% |
| Hosted payload and other data service (4) | $14.9M | 7% |
| Broadband (3) | $12.9M | 6% |
| Commercial | $1.6M | 1% |
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
