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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $140.7M, roughly 1.6× Purple Innovation, Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -2.3%, a 12.1% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 1.9%). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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...
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
IRDM vs PRPL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $140.7M |
| Net Profit | $21.6M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 23.2% | -1.6% |
| Net Margin | 9.9% | -2.3% |
| Revenue YoY | 1.9% | 9.1% |
| Net Profit YoY | — | 62.1% |
| EPS (diluted) | — | $0.03 |
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 | $140.7M | ||
| Q3 25 | $226.9M | $118.8M | ||
| Q2 25 | $216.9M | $105.1M | ||
| Q1 25 | $214.9M | $104.2M | ||
| Q4 24 | $213.0M | $129.0M | ||
| Q3 24 | $212.8M | $118.6M | ||
| Q2 24 | $201.1M | $120.3M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $-3.2M | ||
| Q3 25 | $37.1M | $-11.7M | ||
| Q2 25 | $22.0M | $-17.3M | ||
| Q1 25 | $30.4M | $-19.1M | ||
| Q4 24 | $36.3M | $-8.5M | ||
| Q3 24 | $24.4M | $-39.2M | ||
| Q2 24 | $32.3M | $27.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | -1.6% | ||
| Q3 25 | 30.9% | -10.2% | ||
| Q2 25 | 23.2% | -13.5% | ||
| Q1 25 | 28.1% | -13.9% | ||
| Q4 24 | 24.5% | -6.0% | ||
| Q3 24 | 25.8% | -39.5% | ||
| Q2 24 | 21.7% | -12.1% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | -2.3% | ||
| Q3 25 | 16.4% | -9.9% | ||
| Q2 25 | 10.1% | -16.5% | ||
| Q1 25 | 14.2% | -18.4% | ||
| Q4 24 | 17.1% | -6.6% | ||
| Q3 24 | 11.5% | -33.1% | ||
| Q2 24 | 16.1% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.03 | ||
| Q3 25 | $0.35 | $0.11 | ||
| Q2 25 | $0.20 | $0.16 | ||
| Q1 25 | $0.27 | $0.18 | ||
| Q4 24 | $0.30 | $0.08 | ||
| Q3 24 | $0.21 | $0.36 | ||
| Q2 24 | $0.27 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | — | $-29.7M |
| Total Assets | — | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $24.3M | ||
| Q3 25 | $88.5M | $32.4M | ||
| Q2 25 | $79.3M | $34.2M | ||
| Q1 25 | $50.9M | $21.6M | ||
| Q4 24 | $93.5M | $29.0M | ||
| Q3 24 | $159.6M | $23.4M | ||
| Q2 24 | $63.5M | $23.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $-29.7M | ||
| Q3 25 | $450.5M | $-26.9M | ||
| Q2 25 | $473.6M | $-15.6M | ||
| Q1 25 | $518.4M | $1.3M | ||
| Q4 24 | $576.6M | $20.2M | ||
| Q3 24 | $663.8M | $28.0M | ||
| Q2 24 | $786.7M | $66.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $296.3M | ||
| Q3 25 | $2.6B | $302.1M | ||
| Q2 25 | $2.6B | $303.8M | ||
| Q1 25 | $2.6B | $293.8M | ||
| Q4 24 | $2.7B | $307.8M | ||
| Q3 24 | $2.8B | $309.3M | ||
| Q2 24 | $2.7B | $362.1M |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.05× | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| 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 | — | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | 13.7% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $-5.8M | ||
| Q3 25 | $100.8M | $-968.0K | ||
| Q2 25 | $129.6M | $-4.0M | ||
| Q1 25 | $61.1M | $-23.1M | ||
| Q4 24 | $104.8M | $6.8M | ||
| Q3 24 | $118.6M | $1.1M | ||
| Q2 24 | $81.1M | $-8.9M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-7.8M | ||
| Q3 25 | $79.2M | $-1.8M | ||
| Q2 25 | $108.9M | $-7.0M | ||
| Q1 25 | $36.5M | $-25.3M | ||
| Q4 24 | $80.5M | $5.7M | ||
| Q3 24 | $100.0M | $101.0K | ||
| Q2 24 | $68.7M | $-11.0M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | -5.5% | ||
| Q3 25 | 34.9% | -1.5% | ||
| Q2 25 | 50.2% | -6.6% | ||
| Q1 25 | 17.0% | -24.3% | ||
| Q4 24 | 37.8% | 4.4% | ||
| Q3 24 | 47.0% | 0.1% | ||
| Q2 24 | 34.2% | -9.2% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 1.4% | ||
| Q3 25 | 9.5% | 0.7% | ||
| Q2 25 | 9.5% | 2.8% | ||
| Q1 25 | 11.4% | 2.2% | ||
| Q4 24 | 11.4% | 0.8% | ||
| Q3 24 | 8.7% | 0.9% | ||
| Q2 24 | 6.2% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | — | ||
| Q3 25 | 2.71× | — | ||
| Q2 25 | 5.90× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | — | ||
| Q3 24 | 4.85× | — | ||
| Q2 24 | 2.51× | -330.22× |
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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
