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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $188.3M, roughly 1.2× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 9.9%, a 38.1% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -21.9%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -15.4%).
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...
IRDM vs RILY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $188.3M |
| Net Profit | $21.6M | $90.3M |
| Gross Margin | — | 79.5% |
| Operating Margin | 23.2% | 32.3% |
| Net Margin | 9.9% | 47.9% |
| Revenue YoY | 1.9% | -21.9% |
| Net Profit YoY | — | 1710.8% |
| EPS (diluted) | — | $2.78 |
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 | $188.3M | ||
| Q3 25 | $226.9M | $215.3M | ||
| Q2 25 | $216.9M | $188.2M | ||
| Q1 25 | $214.9M | $197.2M | ||
| Q4 24 | $213.0M | $241.0M | ||
| Q3 24 | $212.8M | $225.5M | ||
| Q2 24 | $201.1M | $256.0M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $90.3M | ||
| Q3 25 | $37.1M | $91.1M | ||
| Q2 25 | $22.0M | $139.5M | ||
| Q1 25 | $30.4M | $-10.0M | ||
| Q4 24 | $36.3M | $-5.6M | ||
| Q3 24 | $24.4M | $-284.4M | ||
| Q2 24 | $32.3M | $-433.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 32.3% | ||
| Q3 25 | 30.9% | 30.4% | ||
| Q2 25 | 23.2% | 5.7% | ||
| Q1 25 | 28.1% | -31.2% | ||
| Q4 24 | 24.5% | -69.2% | ||
| Q3 24 | 25.8% | -36.4% | ||
| Q2 24 | 21.7% | -90.8% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 47.9% | ||
| Q3 25 | 16.4% | 42.3% | ||
| Q2 25 | 10.1% | 74.1% | ||
| Q1 25 | 14.2% | -5.1% | ||
| Q4 24 | 17.1% | -2.3% | ||
| Q3 24 | 11.5% | -126.1% | ||
| Q2 24 | 16.1% | -169.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $2.78 | ||
| Q3 25 | $0.35 | $2.91 | ||
| Q2 25 | $0.20 | $4.50 | ||
| Q1 25 | $0.27 | $-0.39 | ||
| Q4 24 | $0.30 | $-0.01 | ||
| Q3 24 | $0.21 | $-9.39 | ||
| Q2 24 | $0.27 | $-14.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $226.6M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | — | $-171.5M |
| Total Assets | — | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $226.6M | ||
| Q3 25 | $88.5M | $184.2M | ||
| Q2 25 | $79.3M | $267.4M | ||
| Q1 25 | $50.9M | $138.3M | ||
| Q4 24 | $93.5M | $146.9M | ||
| Q3 24 | $159.6M | $159.2M | ||
| Q2 24 | $63.5M | $236.9M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $-171.5M | ||
| Q3 25 | $450.5M | $-260.5M | ||
| Q2 25 | $473.6M | $-351.7M | ||
| Q1 25 | $518.4M | $-496.8M | ||
| Q4 24 | $576.6M | $-488.2M | ||
| Q3 24 | $663.8M | $-497.6M | ||
| Q2 24 | $786.7M | $-218.3M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.6B | $1.7B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.6B | $1.5B | ||
| Q4 24 | $2.7B | $1.8B | ||
| Q3 24 | $2.8B | $2.2B | ||
| Q2 24 | $2.7B | $3.2B |
| 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 | — | $26.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 13.7% | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $26.2M | ||
| Q3 25 | $100.8M | $-60.6M | ||
| Q2 25 | $129.6M | $-25.6M | ||
| Q1 25 | $61.1M | $184.0K | ||
| Q4 24 | $104.8M | $-2.7M | ||
| Q3 24 | $118.6M | $19.5M | ||
| Q2 24 | $81.1M | $111.5M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | — | ||
| Q3 25 | $79.2M | — | ||
| Q2 25 | $108.9M | — | ||
| Q1 25 | $36.5M | — | ||
| Q4 24 | $80.5M | — | ||
| Q3 24 | $100.0M | — | ||
| Q2 24 | $68.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | — | ||
| Q3 25 | 34.9% | — | ||
| Q2 25 | 50.2% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 37.8% | — | ||
| Q3 24 | 47.0% | — | ||
| Q2 24 | 34.2% | — |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | — | ||
| Q3 25 | 9.5% | — | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 6.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 0.29× | ||
| Q3 25 | 2.71× | -0.66× | ||
| Q2 25 | 5.90× | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
