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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and SOLAREDGE TECHNOLOGIES, INC. (SEDG). Click either name above to swap in a different company.
SOLAREDGE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($335.4M vs $219.1M, roughly 1.5× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -39.4%, a 49.3% gap on every dollar of revenue. On growth, SOLAREDGE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (70.9% vs 1.9%). Over the past eight quarters, SOLAREDGE TECHNOLOGIES, INC.'s revenue compounded faster (28.1% 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...
SolarEdge Technologies, Inc. is an Israeli company that developed a DC optimized inverter system.
IRDM vs SEDG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $335.4M |
| Net Profit | $21.6M | $-132.1M |
| Gross Margin | — | 22.2% |
| Operating Margin | 23.2% | -14.4% |
| Net Margin | 9.9% | -39.4% |
| Revenue YoY | 1.9% | 70.9% |
| Net Profit YoY | — | 54.0% |
| EPS (diluted) | — | $-2.21 |
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 | $335.4M | ||
| Q3 25 | $226.9M | $340.2M | ||
| Q2 25 | $216.9M | $289.4M | ||
| Q1 25 | $214.9M | $219.5M | ||
| Q4 24 | $213.0M | $196.2M | ||
| Q3 24 | $212.8M | $235.4M | ||
| Q2 24 | $201.1M | $265.4M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $-132.1M | ||
| Q3 25 | $37.1M | $-50.1M | ||
| Q2 25 | $22.0M | $-124.7M | ||
| Q1 25 | $30.4M | $-98.5M | ||
| Q4 24 | $36.3M | $-287.4M | ||
| Q3 24 | $24.4M | $-1.2B | ||
| Q2 24 | $32.3M | $-130.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 22.2% | ||
| Q3 25 | — | 21.2% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | — | -57.2% | ||
| Q3 24 | — | -309.1% | ||
| Q2 24 | — | -4.1% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | -14.4% | ||
| Q3 25 | 30.9% | -10.3% | ||
| Q2 25 | 23.2% | -39.9% | ||
| Q1 25 | 28.1% | -46.8% | ||
| Q4 24 | 24.5% | -134.4% | ||
| Q3 24 | 25.8% | -471.8% | ||
| Q2 24 | 21.7% | -60.4% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | -39.4% | ||
| Q3 25 | 16.4% | -14.7% | ||
| Q2 25 | 10.1% | -43.1% | ||
| Q1 25 | 14.2% | -44.9% | ||
| Q4 24 | 17.1% | -146.5% | ||
| Q3 24 | 11.5% | -522.8% | ||
| Q2 24 | 16.1% | -49.3% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $-2.21 | ||
| Q3 25 | $0.35 | $-0.84 | ||
| Q2 25 | $0.20 | $-2.13 | ||
| Q1 25 | $0.27 | $-1.70 | ||
| Q4 24 | $0.30 | $-5.00 | ||
| Q3 24 | $0.21 | $-21.58 | ||
| Q2 24 | $0.27 | $-2.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $493.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $427.5M |
| Total Assets | — | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $493.2M | ||
| Q3 25 | $88.5M | $498.6M | ||
| Q2 25 | $79.3M | $758.0M | ||
| Q1 25 | $50.9M | $651.6M | ||
| Q4 24 | $93.5M | $585.9M | ||
| Q3 24 | $159.6M | $678.8M | ||
| Q2 24 | $63.5M | $689.8M |
| 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 | $427.5M | ||
| Q3 25 | $450.5M | $479.8M | ||
| Q2 25 | $473.6M | $513.2M | ||
| Q1 25 | $518.4M | $594.2M | ||
| Q4 24 | $576.6M | $658.3M | ||
| Q3 24 | $663.8M | $930.9M | ||
| Q2 24 | $786.7M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $2.6B | $2.5B | ||
| Q1 25 | $2.6B | $2.5B | ||
| Q4 24 | $2.7B | $2.6B | ||
| Q3 24 | $2.8B | $2.8B | ||
| Q2 24 | $2.7B | $3.9B |
| 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 | — | $52.6M |
| Free Cash FlowOCF − Capex | — | $43.3M |
| FCF MarginFCF / Revenue | — | 12.9% |
| Capex IntensityCapex / Revenue | 13.7% | 2.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $80.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $52.6M | ||
| Q3 25 | $100.8M | $25.6M | ||
| Q2 25 | $129.6M | $-7.8M | ||
| Q1 25 | $61.1M | $33.8M | ||
| Q4 24 | $104.8M | $37.8M | ||
| Q3 24 | $118.6M | $-89.3M | ||
| Q2 24 | $81.1M | $-44.8M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $43.3M | ||
| Q3 25 | $79.2M | $22.8M | ||
| Q2 25 | $108.9M | $-9.1M | ||
| Q1 25 | $36.5M | $23.7M | ||
| Q4 24 | $80.5M | $25.5M | ||
| Q3 24 | $100.0M | $-136.7M | ||
| Q2 24 | $68.7M | $-67.0M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 12.9% | ||
| Q3 25 | 34.9% | 6.7% | ||
| Q2 25 | 50.2% | -3.1% | ||
| Q1 25 | 17.0% | 10.8% | ||
| Q4 24 | 37.8% | 13.0% | ||
| Q3 24 | 47.0% | -58.1% | ||
| Q2 24 | 34.2% | -25.2% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 2.8% | ||
| Q3 25 | 9.5% | 0.8% | ||
| Q2 25 | 9.5% | 0.4% | ||
| Q1 25 | 11.4% | 4.6% | ||
| Q4 24 | 11.4% | 6.2% | ||
| Q3 24 | 8.7% | 20.1% | ||
| Q2 24 | 6.2% | 8.4% |
| 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× | — |
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% |
SEDG
| Other | $197.7M | 59% |
| Europe Except Netherlands | $99.4M | 30% |
| Others | $38.2M | 11% |
