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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and QUINSTREET, INC (QNST). Click either name above to swap in a different company.

QUINSTREET, INC is the larger business by last-quarter revenue ($287.8M vs $219.1M, roughly 1.3× Iridium Communications Inc.). QUINSTREET, INC runs the higher net margin — 17.4% vs 9.9%, a 7.6% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs 1.9%). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% 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...

QuinStreet, Inc. is a publicly traded online marketing company based in Foster City, California. The company helps generate web traffic for clients by acquiring popular domain names.

IRDM vs QNST — Head-to-Head

Bigger by revenue
QNST
QNST
1.3× larger
QNST
$287.8M
$219.1M
IRDM
Growing faster (revenue YoY)
IRDM
IRDM
+0.1% gap
IRDM
1.9%
1.9%
QNST
Higher net margin
QNST
QNST
7.6% more per $
QNST
17.4%
9.9%
IRDM
Faster 2-yr revenue CAGR
QNST
QNST
Annualised
QNST
53.2%
4.4%
IRDM

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
IRDM
IRDM
QNST
QNST
Revenue
$219.1M
$287.8M
Net Profit
$21.6M
$50.2M
Gross Margin
9.6%
Operating Margin
23.2%
0.4%
Net Margin
9.9%
17.4%
Revenue YoY
1.9%
1.9%
Net Profit YoY
3342.5%
EPS (diluted)
$0.87

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.

Revenue
IRDM
IRDM
QNST
QNST
Q1 26
$219.1M
Q4 25
$212.9M
$287.8M
Q3 25
$226.9M
$285.9M
Q2 25
$216.9M
Q1 25
$214.9M
$269.8M
Q4 24
$213.0M
$282.6M
Q3 24
$212.8M
$279.2M
Q2 24
$201.1M
$198.3M
Net Profit
IRDM
IRDM
QNST
QNST
Q1 26
$21.6M
Q4 25
$24.9M
$50.2M
Q3 25
$37.1M
$4.5M
Q2 25
$22.0M
Q1 25
$30.4M
$4.4M
Q4 24
$36.3M
$-1.5M
Q3 24
$24.4M
$-1.4M
Q2 24
$32.3M
$-2.2M
Gross Margin
IRDM
IRDM
QNST
QNST
Q1 26
Q4 25
9.6%
Q3 25
9.4%
Q2 25
Q1 25
10.3%
Q4 24
9.5%
Q3 24
10.2%
Q2 24
8.8%
Operating Margin
IRDM
IRDM
QNST
QNST
Q1 26
23.2%
Q4 25
25.9%
0.4%
Q3 25
30.9%
1.7%
Q2 25
23.2%
Q1 25
28.1%
1.8%
Q4 24
24.5%
-0.5%
Q3 24
25.8%
-0.4%
Q2 24
21.7%
-0.7%
Net Margin
IRDM
IRDM
QNST
QNST
Q1 26
9.9%
Q4 25
11.7%
17.4%
Q3 25
16.4%
1.6%
Q2 25
10.1%
Q1 25
14.2%
1.6%
Q4 24
17.1%
-0.5%
Q3 24
11.5%
-0.5%
Q2 24
16.1%
-1.1%
EPS (diluted)
IRDM
IRDM
QNST
QNST
Q1 26
Q4 25
$0.24
$0.87
Q3 25
$0.35
$0.08
Q2 25
$0.20
Q1 25
$0.27
$0.08
Q4 24
$0.30
$-0.03
Q3 24
$0.21
$-0.02
Q2 24
$0.27
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IRDM
IRDM
QNST
QNST
Cash + ST InvestmentsLiquidity on hand
$107.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$294.4M
Total Assets
$493.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRDM
IRDM
QNST
QNST
Q1 26
Q4 25
$96.5M
$107.0M
Q3 25
$88.5M
$101.3M
Q2 25
$79.3M
Q1 25
$50.9M
$81.8M
Q4 24
$93.5M
$57.8M
Q3 24
$159.6M
$25.0M
Q2 24
$63.5M
$50.5M
Total Debt
IRDM
IRDM
QNST
QNST
Q1 26
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Stockholders' Equity
IRDM
IRDM
QNST
QNST
Q1 26
Q4 25
$462.6M
$294.4M
Q3 25
$450.5M
$246.7M
Q2 25
$473.6M
Q1 25
$518.4M
$235.5M
Q4 24
$576.6M
$224.3M
Q3 24
$663.8M
$219.8M
Q2 24
$786.7M
$216.8M
Total Assets
IRDM
IRDM
QNST
QNST
Q1 26
Q4 25
$2.5B
$493.0M
Q3 25
$2.6B
$442.6M
Q2 25
$2.6B
Q1 25
$2.6B
$417.2M
Q4 24
$2.7B
$409.6M
Q3 24
$2.8B
$401.2M
Q2 24
$2.7B
$368.5M
Debt / Equity
IRDM
IRDM
QNST
QNST
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
IRDM
IRDM
QNST
QNST
Operating Cash FlowLast quarter
$21.6M
Free Cash FlowOCF − Capex
$20.7M
FCF MarginFCF / Revenue
7.2%
Capex IntensityCapex / Revenue
13.7%
0.3%
Cash ConversionOCF / Net Profit
0.43×
TTM Free Cash FlowTrailing 4 quarters
$106.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRDM
IRDM
QNST
QNST
Q1 26
Q4 25
$108.6M
$21.6M
Q3 25
$100.8M
$19.6M
Q2 25
$129.6M
Q1 25
$61.1M
$30.1M
Q4 24
$104.8M
$38.7M
Q3 24
$118.6M
$-13.7M
Q2 24
$81.1M
$16.6M
Free Cash Flow
IRDM
IRDM
QNST
QNST
Q1 26
Q4 25
$75.1M
$20.7M
Q3 25
$79.2M
$18.4M
Q2 25
$108.9M
Q1 25
$36.5M
$29.5M
Q4 24
$80.5M
$38.2M
Q3 24
$100.0M
$-14.1M
Q2 24
$68.7M
$15.4M
FCF Margin
IRDM
IRDM
QNST
QNST
Q1 26
Q4 25
35.3%
7.2%
Q3 25
34.9%
6.4%
Q2 25
50.2%
Q1 25
17.0%
10.9%
Q4 24
37.8%
13.5%
Q3 24
47.0%
-5.1%
Q2 24
34.2%
7.8%
Capex Intensity
IRDM
IRDM
QNST
QNST
Q1 26
13.7%
Q4 25
15.7%
0.3%
Q3 25
9.5%
0.4%
Q2 25
9.5%
Q1 25
11.4%
0.2%
Q4 24
11.4%
0.2%
Q3 24
8.7%
0.2%
Q2 24
6.2%
0.6%
Cash Conversion
IRDM
IRDM
QNST
QNST
Q1 26
Q4 25
4.37×
0.43×
Q3 25
2.71×
4.32×
Q2 25
5.90×
Q1 25
2.01×
6.82×
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
IRDM

Voice and data$57.4M26%
IoT data (2)$46.0M21%
Government$39.5M18%
Government service revenue (5)$27.6M13%
Subscriber equipment$20.2M9%
Hosted payload and other data service (4)$14.8M7%
Broadband (3)$12.2M6%
Commercial$1.3M1%

QNST
QNST

Financial Service$216.8M75%
Home Services And Other Revenue$71.0M25%

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