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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $219.1M, roughly 1.5× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 6.3%, a 3.6% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 1.9%). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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...
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
IRDM vs PAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $330.5M |
| Net Profit | $21.6M | $20.7M |
| Gross Margin | — | 25.4% |
| Operating Margin | 23.2% | 7.3% |
| Net Margin | 9.9% | 6.3% |
| Revenue YoY | 1.9% | 28.1% |
| Net Profit YoY | -29.0% | 57.2% |
| EPS (diluted) | — | $0.16 |
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 | $330.5M | ||
| Q3 25 | $226.9M | $310.7M | ||
| Q2 25 | $216.9M | $280.1M | ||
| Q1 25 | $214.9M | $275.2M | ||
| Q4 24 | $213.0M | $257.9M | ||
| Q3 24 | $212.8M | $231.6M | ||
| Q2 24 | $201.1M | $197.4M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $20.7M | ||
| Q3 25 | $37.1M | $17.7M | ||
| Q2 25 | $22.0M | $14.7M | ||
| Q1 25 | $30.4M | $13.8M | ||
| Q4 24 | $36.3M | $13.1M | ||
| Q3 24 | $24.4M | $14.4M | ||
| Q2 24 | $32.3M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 29.8% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 7.3% | ||
| Q3 25 | 30.9% | 6.4% | ||
| Q2 25 | 23.2% | 5.7% | ||
| Q1 25 | 28.1% | 5.7% | ||
| Q4 24 | 24.5% | 5.5% | ||
| Q3 24 | 25.8% | 5.2% | ||
| Q2 24 | 21.7% | 5.2% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 6.3% | ||
| Q3 25 | 16.4% | 5.7% | ||
| Q2 25 | 10.1% | 5.3% | ||
| Q1 25 | 14.2% | 5.0% | ||
| Q4 24 | 17.1% | 5.1% | ||
| Q3 24 | 11.5% | 6.2% | ||
| Q2 24 | 16.1% | 4.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.16 | ||
| Q3 25 | $0.35 | $0.14 | ||
| Q2 25 | $0.20 | $0.11 | ||
| Q1 25 | $0.27 | $0.11 | ||
| Q4 24 | $0.30 | $0.11 | ||
| Q3 24 | $0.21 | $0.11 | ||
| 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 | — | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $560.4M |
| Total Assets | — | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $320.9M | ||
| Q3 25 | $88.5M | $287.9M | ||
| Q2 25 | $79.3M | $266.4M | ||
| Q1 25 | $50.9M | $245.8M | ||
| Q4 24 | $93.5M | $205.9M | ||
| Q3 24 | $159.6M | $187.5M | ||
| Q2 24 | $63.5M | $188.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $560.4M | ||
| Q3 25 | $450.5M | $537.4M | ||
| Q2 25 | $473.6M | $516.7M | ||
| Q1 25 | $518.4M | $500.4M | ||
| Q4 24 | $576.6M | $485.6M | ||
| Q3 24 | $663.8M | $468.8M | ||
| Q2 24 | $786.7M | $451.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $667.9M | ||
| Q3 25 | $2.6B | $644.4M | ||
| Q2 25 | $2.6B | $609.5M | ||
| Q1 25 | $2.6B | $590.9M | ||
| Q4 24 | $2.7B | $576.2M | ||
| Q3 24 | $2.8B | $552.9M | ||
| Q2 24 | $2.7B | $527.7M |
| 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 | — | $45.1M |
| Free Cash FlowOCF − Capex | — | $45.0M |
| FCF MarginFCF / Revenue | — | 13.6% |
| Capex IntensityCapex / Revenue | 13.7% | 0.0% |
| Cash ConversionOCF / Net Profit | — | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $45.1M | ||
| Q3 25 | $100.8M | $35.1M | ||
| Q2 25 | $129.6M | $31.5M | ||
| Q1 25 | $61.1M | $50.4M | ||
| Q4 24 | $104.8M | $27.9M | ||
| Q3 24 | $118.6M | $6.7M | ||
| Q2 24 | $81.1M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $45.0M | ||
| Q3 25 | $79.2M | $35.0M | ||
| Q2 25 | $108.9M | $31.4M | ||
| Q1 25 | $36.5M | $50.4M | ||
| Q4 24 | $80.5M | $27.8M | ||
| Q3 24 | $100.0M | $6.7M | ||
| Q2 24 | $68.7M | $17.8M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 13.6% | ||
| Q3 25 | 34.9% | 11.3% | ||
| Q2 25 | 50.2% | 11.2% | ||
| Q1 25 | 17.0% | 18.3% | ||
| Q4 24 | 37.8% | 10.8% | ||
| Q3 24 | 47.0% | 2.9% | ||
| Q2 24 | 34.2% | 9.0% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 0.0% | ||
| Q3 25 | 9.5% | 0.0% | ||
| Q2 25 | 9.5% | 0.0% | ||
| Q1 25 | 11.4% | 0.0% | ||
| Q4 24 | 11.4% | 0.0% | ||
| Q3 24 | 8.7% | 0.0% | ||
| Q2 24 | 6.2% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 2.18× | ||
| Q3 25 | 2.71× | 1.98× | ||
| Q2 25 | 5.90× | 2.14× | ||
| Q1 25 | 2.01× | 3.65× | ||
| Q4 24 | 2.88× | 2.12× | ||
| Q3 24 | 4.85× | 0.47× | ||
| Q2 24 | 2.51× | 1.93× |
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% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
