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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Skillsoft Corp. (SKIL). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $129.0M, roughly 1.7× Skillsoft Corp.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -32.0%, a 41.9% gap on every dollar of revenue. On growth, Iridium Communications Inc. posted the faster year-over-year revenue change (1.9% vs -6.0%). Over the past eight quarters, Iridium Communications Inc.'s revenue compounded faster (4.4% CAGR vs -3.2%).
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...
Skillsoft is an American educational technology company that produces learning management system software and content.
IRDM vs SKIL — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $129.0M |
| Net Profit | $21.6M | $-41.3M |
| Gross Margin | — | 72.7% |
| Operating Margin | 23.2% | -26.6% |
| Net Margin | 9.9% | -32.0% |
| Revenue YoY | 1.9% | -6.0% |
| Net Profit YoY | — | -74.9% |
| EPS (diluted) | — | — |
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 | $129.0M | ||
| Q3 25 | $226.9M | $128.8M | ||
| Q2 25 | $216.9M | $124.2M | ||
| Q1 25 | $214.9M | $133.8M | ||
| Q4 24 | $213.0M | $137.2M | ||
| Q3 24 | $212.8M | $132.2M | ||
| Q2 24 | $201.1M | $127.8M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $-41.3M | ||
| Q3 25 | $37.1M | $-23.8M | ||
| Q2 25 | $22.0M | $-38.0M | ||
| Q1 25 | $30.4M | $-31.1M | ||
| Q4 24 | $36.3M | $-23.6M | ||
| Q3 24 | $24.4M | $-39.6M | ||
| Q2 24 | $32.3M | $-27.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 72.7% | ||
| Q3 25 | — | 74.5% | ||
| Q2 25 | — | 74.0% | ||
| Q1 25 | — | 74.9% | ||
| Q4 24 | — | 75.0% | ||
| Q3 24 | — | 75.4% | ||
| Q2 24 | — | 73.0% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | -26.6% | ||
| Q3 25 | 30.9% | -9.2% | ||
| Q2 25 | 23.2% | -14.6% | ||
| Q1 25 | 28.1% | -12.9% | ||
| Q4 24 | 24.5% | -6.7% | ||
| Q3 24 | 25.8% | -14.6% | ||
| Q2 24 | 21.7% | -18.6% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | -32.0% | ||
| Q3 25 | 16.4% | -18.5% | ||
| Q2 25 | 10.1% | -30.6% | ||
| Q1 25 | 14.2% | -23.3% | ||
| Q4 24 | 17.1% | -17.2% | ||
| Q3 24 | 11.5% | -29.9% | ||
| Q2 24 | 16.1% | -21.6% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.35 | — | ||
| Q2 25 | $0.20 | — | ||
| Q1 25 | $0.27 | — | ||
| Q4 24 | $0.30 | — | ||
| Q3 24 | $0.21 | — | ||
| Q2 24 | $0.27 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $74.6M |
| Total DebtLower is stronger | — | $570.2M |
| Stockholders' EquityBook value | — | $4.0M |
| Total Assets | — | $897.6M |
| Debt / EquityLower = less leverage | — | 142.97× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $74.6M | ||
| Q3 25 | $88.5M | $100.5M | ||
| Q2 25 | $79.3M | $127.8M | ||
| Q1 25 | $50.9M | $100.8M | ||
| Q4 24 | $93.5M | $97.9M | ||
| Q3 24 | $159.6M | $122.7M | ||
| Q2 24 | $63.5M | $142.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $570.2M | ||
| Q3 25 | — | $571.2M | ||
| Q2 25 | — | $572.2M | ||
| Q1 25 | — | $573.3M | ||
| Q4 24 | $1.8B | $574.3M | ||
| Q3 24 | — | $575.4M | ||
| Q2 24 | — | $576.4M |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $4.0M | ||
| Q3 25 | $450.5M | $42.5M | ||
| Q2 25 | $473.6M | $62.6M | ||
| Q1 25 | $518.4M | $93.8M | ||
| Q4 24 | $576.6M | $120.5M | ||
| Q3 24 | $663.8M | $141.4M | ||
| Q2 24 | $786.7M | $182.1M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $897.6M | ||
| Q3 25 | $2.6B | $969.4M | ||
| Q2 25 | $2.6B | $1.0B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.7B | $1.1B | ||
| Q3 24 | $2.8B | $1.1B | ||
| Q2 24 | $2.7B | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 142.97× | ||
| Q3 25 | — | 13.45× | ||
| Q2 25 | — | 9.13× | ||
| Q1 25 | — | 6.11× | ||
| Q4 24 | 3.05× | 4.77× | ||
| Q3 24 | — | 4.07× | ||
| Q2 24 | — | 3.16× |
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 | — | $-18.9M |
| Free Cash FlowOCF − Capex | — | $-19.3M |
| FCF MarginFCF / Revenue | — | -15.0% |
| Capex IntensityCapex / Revenue | 13.7% | 0.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $10.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $-18.9M | ||
| Q3 25 | $100.8M | $-17.8M | ||
| Q2 25 | $129.6M | $31.3M | ||
| Q1 25 | $61.1M | $17.8M | ||
| Q4 24 | $104.8M | $8.7M | ||
| Q3 24 | $118.6M | $-11.4M | ||
| Q2 24 | $81.1M | $14.9M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-19.3M | ||
| Q3 25 | $79.2M | $-18.5M | ||
| Q2 25 | $108.9M | $30.8M | ||
| Q1 25 | $36.5M | $17.0M | ||
| Q4 24 | $80.5M | $8.3M | ||
| Q3 24 | $100.0M | $-11.7M | ||
| Q2 24 | $68.7M | $14.8M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | -15.0% | ||
| Q3 25 | 34.9% | -14.3% | ||
| Q2 25 | 50.2% | 24.8% | ||
| Q1 25 | 17.0% | 12.7% | ||
| Q4 24 | 37.8% | 6.0% | ||
| Q3 24 | 47.0% | -8.8% | ||
| Q2 24 | 34.2% | 11.6% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 0.4% | ||
| Q3 25 | 9.5% | 0.5% | ||
| Q2 25 | 9.5% | 0.4% | ||
| Q1 25 | 11.4% | 0.6% | ||
| Q4 24 | 11.4% | 0.3% | ||
| Q3 24 | 8.7% | 0.2% | ||
| Q2 24 | 6.2% | 0.1% |
| 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% |
SKIL
| SAAS And Subscription Services | $93.5M | 73% |
| Virtual Ondemand And Classroom And Individualized Coaching | $28.2M | 22% |
| Professional Services | $7.3M | 6% |
