vs
Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $219.1M, roughly 2.0× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 7.6%, a 2.2% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -9.6%). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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...
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
IRDM vs PEGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $430.0M |
| Net Profit | $21.6M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | 23.2% | 8.6% |
| Net Margin | 9.9% | 7.6% |
| Revenue YoY | 1.9% | -9.6% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $0.18 |
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 | $430.0M | ||
| Q4 25 | $212.9M | $504.3M | ||
| Q3 25 | $226.9M | $381.4M | ||
| Q2 25 | $216.9M | $384.5M | ||
| Q1 25 | $214.9M | $475.6M | ||
| Q4 24 | $213.0M | $490.8M | ||
| Q3 24 | $212.8M | $325.1M | ||
| Q2 24 | $201.1M | $351.2M |
| Q1 26 | $21.6M | $32.8M | ||
| Q4 25 | $24.9M | $234.6M | ||
| Q3 25 | $37.1M | $43.4M | ||
| Q2 25 | $22.0M | $30.1M | ||
| Q1 25 | $30.4M | $85.4M | ||
| Q4 24 | $36.3M | $119.1M | ||
| Q3 24 | $24.4M | $-14.4M | ||
| Q2 24 | $32.3M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | 23.2% | 8.6% | ||
| Q4 25 | 25.9% | 20.7% | ||
| Q3 25 | 30.9% | 3.8% | ||
| Q2 25 | 23.2% | 4.5% | ||
| Q1 25 | 28.1% | 26.7% | ||
| Q4 24 | 24.5% | 29.1% | ||
| Q3 24 | 25.8% | -3.6% | ||
| Q2 24 | 21.7% | 3.7% |
| Q1 26 | 9.9% | 7.6% | ||
| Q4 25 | 11.7% | 46.5% | ||
| Q3 25 | 16.4% | 11.4% | ||
| Q2 25 | 10.1% | 7.8% | ||
| Q1 25 | 14.2% | 18.0% | ||
| Q4 24 | 17.1% | 24.3% | ||
| Q3 24 | 11.5% | -4.4% | ||
| Q2 24 | 16.1% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.24 | $0.81 | ||
| Q3 25 | $0.35 | $0.24 | ||
| Q2 25 | $0.20 | $0.17 | ||
| Q1 25 | $0.27 | $0.91 | ||
| Q4 24 | $0.30 | $1.35 | ||
| 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 | — | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $705.9M |
| Total Assets | — | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $96.5M | $425.8M | ||
| Q3 25 | $88.5M | $351.4M | ||
| Q2 25 | $79.3M | $411.6M | ||
| Q1 25 | $50.9M | $371.7M | ||
| Q4 24 | $93.5M | $740.0M | ||
| Q3 24 | $159.6M | $703.0M | ||
| Q2 24 | $63.5M | $665.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $462.6M | $787.4M | ||
| Q3 25 | $450.5M | $596.8M | ||
| Q2 25 | $473.6M | $624.5M | ||
| Q1 25 | $518.4M | $611.3M | ||
| Q4 24 | $576.6M | $585.5M | ||
| Q3 24 | $663.8M | $473.0M | ||
| Q2 24 | $786.7M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $2.6B | $1.3B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.7B | $1.8B | ||
| Q3 24 | $2.8B | $1.6B | ||
| Q2 24 | $2.7B | $1.5B |
| 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 | — | — |
| Free Cash FlowOCF − Capex | — | $206.5M |
| FCF MarginFCF / Revenue | — | 48.0% |
| Capex IntensityCapex / Revenue | 13.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $158.4M | ||
| Q3 25 | $100.8M | $56.3M | ||
| Q2 25 | $129.6M | $86.3M | ||
| Q1 25 | $61.1M | $204.2M | ||
| Q4 24 | $104.8M | $95.2M | ||
| Q3 24 | $118.6M | $30.5M | ||
| Q2 24 | $81.1M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $75.1M | $152.4M | ||
| Q3 25 | $79.2M | $51.8M | ||
| Q2 25 | $108.9M | $84.1M | ||
| Q1 25 | $36.5M | $202.3M | ||
| Q4 24 | $80.5M | $92.4M | ||
| Q3 24 | $100.0M | $27.4M | ||
| Q2 24 | $68.7M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 35.3% | 30.2% | ||
| Q3 25 | 34.9% | 13.6% | ||
| Q2 25 | 50.2% | 21.9% | ||
| Q1 25 | 17.0% | 42.5% | ||
| Q4 24 | 37.8% | 18.8% | ||
| Q3 24 | 47.0% | 8.4% | ||
| Q2 24 | 34.2% | 11.1% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 1.2% | ||
| Q3 25 | 9.5% | 1.2% | ||
| Q2 25 | 9.5% | 0.6% | ||
| Q1 25 | 11.4% | 0.4% | ||
| Q4 24 | 11.4% | 0.6% | ||
| Q3 24 | 8.7% | 0.9% | ||
| Q2 24 | 6.2% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 0.68× | ||
| Q3 25 | 2.71× | 1.30× | ||
| Q2 25 | 5.90× | 2.87× | ||
| Q1 25 | 2.01× | 2.39× | ||
| Q4 24 | 2.88× | 0.80× | ||
| Q3 24 | 4.85× | — | ||
| Q2 24 | 2.51× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
