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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.
PRA GROUP INC is the larger business by last-quarter revenue ($333.4M vs $219.1M, roughly 1.5× Iridium Communications Inc.). PRA GROUP INC runs the higher net margin — 17.0% vs 9.9%, a 7.1% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 1.9%). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% 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...
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
IRDM vs PRAA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $333.4M |
| Net Profit | $21.6M | $56.5M |
| Gross Margin | — | — |
| Operating Margin | 23.2% | 37.7% |
| Net Margin | 9.9% | 17.0% |
| Revenue YoY | 1.9% | 13.7% |
| Net Profit YoY | — | 206.3% |
| EPS (diluted) | — | $1.47 |
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 | $333.4M | ||
| Q3 25 | $226.9M | $311.1M | ||
| Q2 25 | $216.9M | $287.7M | ||
| Q1 25 | $214.9M | $269.6M | ||
| Q4 24 | $213.0M | $293.2M | ||
| Q3 24 | $212.8M | $281.5M | ||
| Q2 24 | $201.1M | $284.2M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $56.5M | ||
| Q3 25 | $37.1M | $-407.7M | ||
| Q2 25 | $22.0M | $42.4M | ||
| Q1 25 | $30.4M | $3.7M | ||
| Q4 24 | $36.3M | $18.5M | ||
| Q3 24 | $24.4M | $27.2M | ||
| Q2 24 | $32.3M | $21.5M |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 37.7% | ||
| Q3 25 | 30.9% | -101.4% | ||
| Q2 25 | 23.2% | 29.6% | ||
| Q1 25 | 28.1% | 27.7% | ||
| Q4 24 | 24.5% | 32.1% | ||
| Q3 24 | 25.8% | 32.0% | ||
| Q2 24 | 21.7% | 31.4% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 17.0% | ||
| Q3 25 | 16.4% | -131.0% | ||
| Q2 25 | 10.1% | 14.7% | ||
| Q1 25 | 14.2% | 1.4% | ||
| Q4 24 | 17.1% | 6.3% | ||
| Q3 24 | 11.5% | 9.6% | ||
| Q2 24 | 16.1% | 7.6% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $1.47 | ||
| Q3 25 | $0.35 | $-10.43 | ||
| Q2 25 | $0.20 | $1.08 | ||
| Q1 25 | $0.27 | $0.09 | ||
| Q4 24 | $0.30 | $0.47 | ||
| Q3 24 | $0.21 | $0.69 | ||
| Q2 24 | $0.27 | $0.54 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $104.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $979.9M |
| Total Assets | — | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $104.4M | ||
| Q3 25 | $88.5M | $107.5M | ||
| Q2 25 | $79.3M | $131.6M | ||
| Q1 25 | $50.9M | $128.7M | ||
| Q4 24 | $93.5M | $105.9M | ||
| Q3 24 | $159.6M | $141.1M | ||
| Q2 24 | $63.5M | $118.9M |
| 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 | $979.9M | ||
| Q3 25 | $450.5M | $928.5M | ||
| Q2 25 | $473.6M | $1.3B | ||
| Q1 25 | $518.4M | $1.2B | ||
| Q4 24 | $576.6M | $1.1B | ||
| Q3 24 | $663.8M | $1.2B | ||
| Q2 24 | $786.7M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $5.1B | ||
| Q3 25 | $2.6B | $5.0B | ||
| Q2 25 | $2.6B | $5.4B | ||
| Q1 25 | $2.6B | $5.1B | ||
| Q4 24 | $2.7B | $4.9B | ||
| Q3 24 | $2.8B | $4.9B | ||
| Q2 24 | $2.7B | $4.7B |
| 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 | — | $-85.5M |
| Free Cash FlowOCF − Capex | — | $-90.4M |
| FCF MarginFCF / Revenue | — | -27.1% |
| Capex IntensityCapex / Revenue | 13.7% | 1.4% |
| Cash ConversionOCF / Net Profit | — | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $-85.5M | ||
| Q3 25 | $100.8M | $-10.1M | ||
| Q2 25 | $129.6M | $-12.9M | ||
| Q1 25 | $61.1M | $-52.6M | ||
| Q4 24 | $104.8M | $-94.6M | ||
| Q3 24 | $118.6M | $-35.0M | ||
| Q2 24 | $81.1M | $-29.5M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-90.4M | ||
| Q3 25 | $79.2M | $-11.3M | ||
| Q2 25 | $108.9M | $-14.2M | ||
| Q1 25 | $36.5M | $-53.5M | ||
| Q4 24 | $80.5M | $-98.6M | ||
| Q3 24 | $100.0M | $-36.1M | ||
| Q2 24 | $68.7M | $-30.8M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | -27.1% | ||
| Q3 25 | 34.9% | -3.6% | ||
| Q2 25 | 50.2% | -4.9% | ||
| Q1 25 | 17.0% | -19.8% | ||
| Q4 24 | 37.8% | -33.6% | ||
| Q3 24 | 47.0% | -12.8% | ||
| Q2 24 | 34.2% | -10.8% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 1.4% | ||
| Q3 25 | 9.5% | 0.4% | ||
| Q2 25 | 9.5% | 0.4% | ||
| Q1 25 | 11.4% | 0.3% | ||
| Q4 24 | 11.4% | 1.4% | ||
| Q3 24 | 8.7% | 0.4% | ||
| Q2 24 | 6.2% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | -1.51× | ||
| Q3 25 | 2.71× | — | ||
| Q2 25 | 5.90× | -0.30× | ||
| Q1 25 | 2.01× | -14.37× | ||
| Q4 24 | 2.88× | -5.13× | ||
| Q3 24 | 4.85× | -1.29× | ||
| Q2 24 | 2.51× | -1.37× |
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% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
