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

Root, Inc. is the larger business by last-quarter revenue ($397.0M vs $219.1M, roughly 1.8× Iridium Communications Inc.). On growth, Root, Inc. posted the faster year-over-year revenue change (21.5% vs 1.9%). Over the past eight quarters, Root, Inc.'s revenue compounded faster (24.8% 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...

Root Insurance Company is an online car insurance company operating in the United States.

IRDM vs ROOT — Head-to-Head

Bigger by revenue
ROOT
ROOT
1.8× larger
ROOT
$397.0M
$219.1M
IRDM
Growing faster (revenue YoY)
ROOT
ROOT
+19.6% gap
ROOT
21.5%
1.9%
IRDM
Faster 2-yr revenue CAGR
ROOT
ROOT
Annualised
ROOT
24.8%
4.4%
IRDM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IRDM
IRDM
ROOT
ROOT
Revenue
$219.1M
$397.0M
Net Profit
$21.6M
Gross Margin
Operating Margin
23.2%
2.6%
Net Margin
9.9%
Revenue YoY
1.9%
21.5%
Net Profit YoY
-29.0%
EPS (diluted)
$0.35

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
ROOT
ROOT
Q1 26
$219.1M
Q4 25
$212.9M
$397.0M
Q3 25
$226.9M
$387.8M
Q2 25
$216.9M
$382.9M
Q1 25
$214.9M
$349.4M
Q4 24
$213.0M
$326.7M
Q3 24
$212.8M
$305.7M
Q2 24
$201.1M
$289.2M
Net Profit
IRDM
IRDM
ROOT
ROOT
Q1 26
$21.6M
Q4 25
$24.9M
Q3 25
$37.1M
$-5.4M
Q2 25
$22.0M
$22.0M
Q1 25
$30.4M
$18.4M
Q4 24
$36.3M
Q3 24
$24.4M
$22.8M
Q2 24
$32.3M
$-7.8M
Operating Margin
IRDM
IRDM
ROOT
ROOT
Q1 26
23.2%
Q4 25
25.9%
2.6%
Q3 25
30.9%
0.1%
Q2 25
23.2%
7.1%
Q1 25
28.1%
6.8%
Q4 24
24.5%
10.7%
Q3 24
25.8%
11.3%
Q2 24
21.7%
1.3%
Net Margin
IRDM
IRDM
ROOT
ROOT
Q1 26
9.9%
Q4 25
11.7%
Q3 25
16.4%
-1.4%
Q2 25
10.1%
5.7%
Q1 25
14.2%
5.3%
Q4 24
17.1%
Q3 24
11.5%
7.5%
Q2 24
16.1%
-2.7%
EPS (diluted)
IRDM
IRDM
ROOT
ROOT
Q1 26
Q4 25
$0.24
$0.35
Q3 25
$0.35
$-0.35
Q2 25
$0.20
$1.29
Q1 25
$0.27
$1.07
Q4 24
$0.30
$1.42
Q3 24
$0.21
$1.35
Q2 24
$0.27
$-0.52

Balance Sheet & Financial Strength

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

Metric
IRDM
IRDM
ROOT
ROOT
Cash + ST InvestmentsLiquidity on hand
$669.3M
Total DebtLower is stronger
$200.3M
Stockholders' EquityBook value
$284.3M
Total Assets
$1.7B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRDM
IRDM
ROOT
ROOT
Q1 26
Q4 25
$96.5M
$669.3M
Q3 25
$88.5M
$653.3M
Q2 25
$79.3M
$641.4M
Q1 25
$50.9M
$609.4M
Q4 24
$93.5M
$599.3M
Q3 24
$159.6M
$674.8M
Q2 24
$63.5M
$667.2M
Total Debt
IRDM
IRDM
ROOT
ROOT
Q1 26
Q4 25
$1.8B
$200.3M
Q3 25
$200.4M
Q2 25
$200.1M
Q1 25
$200.0M
Q4 24
$1.8B
$200.1M
Q3 24
$300.9M
Q2 24
$300.1M
Stockholders' Equity
IRDM
IRDM
ROOT
ROOT
Q1 26
Q4 25
$462.6M
$284.3M
Q3 25
$450.5M
$265.0M
Q2 25
$473.6M
$244.5M
Q1 25
$518.4M
$228.7M
Q4 24
$576.6M
$203.7M
Q3 24
$663.8M
$181.9M
Q2 24
$786.7M
$151.3M
Total Assets
IRDM
IRDM
ROOT
ROOT
Q1 26
Q4 25
$2.5B
$1.7B
Q3 25
$2.6B
$1.6B
Q2 25
$2.6B
$1.6B
Q1 25
$2.6B
$1.6B
Q4 24
$2.7B
$1.5B
Q3 24
$2.8B
$1.6B
Q2 24
$2.7B
$1.5B
Debt / Equity
IRDM
IRDM
ROOT
ROOT
Q1 26
Q4 25
3.80×
0.70×
Q3 25
0.76×
Q2 25
0.82×
Q1 25
0.87×
Q4 24
3.05×
0.98×
Q3 24
1.65×
Q2 24
1.98×

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
ROOT
ROOT
Operating Cash FlowLast quarter
$206.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
13.7%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRDM
IRDM
ROOT
ROOT
Q1 26
Q4 25
$108.6M
$206.5M
Q3 25
$100.8M
$57.6M
Q2 25
$129.6M
$52.0M
Q1 25
$61.1M
$26.8M
Q4 24
$104.8M
$195.7M
Q3 24
$118.6M
$49.4M
Q2 24
$81.1M
$62.6M
Free Cash Flow
IRDM
IRDM
ROOT
ROOT
Q1 26
Q4 25
$75.1M
Q3 25
$79.2M
Q2 25
$108.9M
Q1 25
$36.5M
Q4 24
$80.5M
$195.3M
Q3 24
$100.0M
Q2 24
$68.7M
$62.4M
FCF Margin
IRDM
IRDM
ROOT
ROOT
Q1 26
Q4 25
35.3%
Q3 25
34.9%
Q2 25
50.2%
Q1 25
17.0%
Q4 24
37.8%
59.8%
Q3 24
47.0%
Q2 24
34.2%
21.6%
Capex Intensity
IRDM
IRDM
ROOT
ROOT
Q1 26
13.7%
Q4 25
15.7%
0.0%
Q3 25
9.5%
0.0%
Q2 25
9.5%
0.0%
Q1 25
11.4%
0.0%
Q4 24
11.4%
0.1%
Q3 24
8.7%
0.0%
Q2 24
6.2%
0.1%
Cash Conversion
IRDM
IRDM
ROOT
ROOT
Q1 26
Q4 25
4.37×
Q3 25
2.71×
Q2 25
5.90×
2.36×
Q1 25
2.01×
1.46×
Q4 24
2.88×
Q3 24
4.85×
2.17×
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)$43.9M20%
Government$35.8M16%
Government service revenue (5)$26.8M12%
Subscriber equipment$23.1M11%
Hosted payload and other data service (4)$14.9M7%
Broadband (3)$12.9M6%
Commercial$1.6M1%

ROOT
ROOT

Segment breakdown not available.

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