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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $124.5M, roughly 1.8× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 9.9%, a 119.9% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs 1.9%). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% 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...
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
IRDM vs PD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $124.5M |
| Net Profit | $21.6M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | 23.2% | 6.5% |
| Net Margin | 9.9% | 129.7% |
| Revenue YoY | 1.9% | 4.7% |
| Net Profit YoY | — | 2827.7% |
| EPS (diluted) | — | $1.69 |
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 | $124.5M | ||
| Q3 25 | $226.9M | $123.4M | ||
| Q2 25 | $216.9M | $119.8M | ||
| Q1 25 | $214.9M | $121.4M | ||
| Q4 24 | $213.0M | $118.9M | ||
| Q3 24 | $212.8M | $115.9M | ||
| Q2 24 | $201.1M | $111.2M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $161.6M | ||
| Q3 25 | $37.1M | $9.6M | ||
| Q2 25 | $22.0M | $-7.2M | ||
| Q1 25 | $30.4M | $-8.8M | ||
| Q4 24 | $36.3M | $-5.9M | ||
| Q3 24 | $24.4M | $-10.9M | ||
| Q2 24 | $32.3M | $-17.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 6.5% | ||
| Q3 25 | 30.9% | 2.9% | ||
| Q2 25 | 23.2% | -8.6% | ||
| Q1 25 | 28.1% | -9.6% | ||
| Q4 24 | 24.5% | -8.7% | ||
| Q3 24 | 25.8% | -13.8% | ||
| Q2 24 | 21.7% | -19.5% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 129.7% | ||
| Q3 25 | 16.4% | 7.8% | ||
| Q2 25 | 10.1% | -6.0% | ||
| Q1 25 | 14.2% | -7.2% | ||
| Q4 24 | 17.1% | -5.0% | ||
| Q3 24 | 11.5% | -9.4% | ||
| Q2 24 | 16.1% | -15.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $1.69 | ||
| Q3 25 | $0.35 | $0.10 | ||
| Q2 25 | $0.20 | $-0.07 | ||
| Q1 25 | $0.27 | $-0.12 | ||
| Q4 24 | $0.30 | $-0.07 | ||
| Q3 24 | $0.21 | $-0.14 | ||
| Q2 24 | $0.27 | $-0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $320.5M |
| Total Assets | — | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $547.8M | ||
| Q3 25 | $88.5M | $567.9M | ||
| Q2 25 | $79.3M | $597.1M | ||
| Q1 25 | $50.9M | $570.8M | ||
| Q4 24 | $93.5M | $542.2M | ||
| Q3 24 | $159.6M | $599.3M | ||
| Q2 24 | $63.5M | $592.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $320.5M | ||
| Q3 25 | $450.5M | $180.7M | ||
| Q2 25 | $473.6M | $145.7M | ||
| Q1 25 | $518.4M | $129.8M | ||
| Q4 24 | $576.6M | $111.6M | ||
| Q3 24 | $663.8M | $164.7M | ||
| Q2 24 | $786.7M | $174.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.0B | ||
| Q3 25 | $2.6B | $891.5M | ||
| Q2 25 | $2.6B | $926.8M | ||
| Q1 25 | $2.6B | $927.3M | ||
| Q4 24 | $2.7B | $866.8M | ||
| Q3 24 | $2.8B | $916.0M | ||
| Q2 24 | $2.7B | $924.0M |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| 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 | — | $24.8M |
| Free Cash FlowOCF − Capex | — | $24.1M |
| FCF MarginFCF / Revenue | — | 19.3% |
| Capex IntensityCapex / Revenue | 13.7% | 0.6% |
| Cash ConversionOCF / Net Profit | — | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $24.8M | ||
| Q3 25 | $100.8M | $34.0M | ||
| Q2 25 | $129.6M | $30.7M | ||
| Q1 25 | $61.1M | $31.4M | ||
| Q4 24 | $104.8M | $22.1M | ||
| Q3 24 | $118.6M | $35.8M | ||
| Q2 24 | $81.1M | $28.6M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $24.1M | ||
| Q3 25 | $79.2M | $33.1M | ||
| Q2 25 | $108.9M | $30.2M | ||
| Q1 25 | $36.5M | $30.3M | ||
| Q4 24 | $80.5M | $21.5M | ||
| Q3 24 | $100.0M | $35.1M | ||
| Q2 24 | $68.7M | $28.2M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 19.3% | ||
| Q3 25 | 34.9% | 26.8% | ||
| Q2 25 | 50.2% | 25.2% | ||
| Q1 25 | 17.0% | 24.9% | ||
| Q4 24 | 37.8% | 18.1% | ||
| Q3 24 | 47.0% | 30.3% | ||
| Q2 24 | 34.2% | 25.4% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 0.6% | ||
| Q3 25 | 9.5% | 0.7% | ||
| Q2 25 | 9.5% | 0.4% | ||
| Q1 25 | 11.4% | 0.9% | ||
| Q4 24 | 11.4% | 0.5% | ||
| Q3 24 | 8.7% | 0.5% | ||
| Q2 24 | 6.2% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 0.15× | ||
| Q3 25 | 2.71× | 3.55× | ||
| Q2 25 | 5.90× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | — | ||
| Q3 24 | 4.85× | — | ||
| 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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
