vs
Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $210.5M, roughly 1.0× T1 Energy Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs -62.0%, a 71.9% gap on every dollar of revenue.
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...
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
IRDM vs TE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $210.5M |
| Net Profit | $21.6M | $-130.6M |
| Gross Margin | — | 10.0% |
| Operating Margin | 23.2% | -45.0% |
| Net Margin | 9.9% | -62.0% |
| Revenue YoY | 1.9% | — |
| Net Profit YoY | — | -375.2% |
| 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.
| Q1 26 | $219.1M | — | ||
| Q4 25 | $212.9M | — | ||
| Q3 25 | $226.9M | $210.5M | ||
| Q2 25 | $216.9M | $132.8M | ||
| Q1 25 | $214.9M | $53.5M | ||
| Q4 24 | $213.0M | — | ||
| Q3 24 | $212.8M | $0 | ||
| Q2 24 | $201.1M | $0 |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | — | ||
| Q3 25 | $37.1M | $-130.6M | ||
| Q2 25 | $22.0M | $-31.9M | ||
| Q1 25 | $30.4M | $-16.2M | ||
| Q4 24 | $36.3M | — | ||
| Q3 24 | $24.4M | $-27.5M | ||
| Q2 24 | $32.3M | $-27.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | — | ||
| Q3 25 | 30.9% | -45.0% | ||
| Q2 25 | 23.2% | -22.0% | ||
| Q1 25 | 28.1% | -44.2% | ||
| Q4 24 | 24.5% | — | ||
| Q3 24 | 25.8% | — | ||
| Q2 24 | 21.7% | — |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 16.4% | -62.0% | ||
| Q2 25 | 10.1% | -24.0% | ||
| Q1 25 | 14.2% | -30.4% | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | 11.5% | — | ||
| Q2 24 | 16.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.35 | $-0.87 | ||
| Q2 25 | $0.20 | $-0.21 | ||
| Q1 25 | $0.27 | $-0.11 | ||
| Q4 24 | $0.30 | — | ||
| Q3 24 | $0.21 | $-0.20 | ||
| Q2 24 | $0.27 | $-0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $34.1M |
| Total DebtLower is stronger | — | $547.3M |
| Stockholders' EquityBook value | — | $96.9M |
| Total Assets | — | $1.4B |
| Debt / EquityLower = less leverage | — | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | — | ||
| Q3 25 | $88.5M | $34.1M | ||
| Q2 25 | $79.3M | $8.5M | ||
| Q1 25 | $50.9M | $48.9M | ||
| Q4 24 | $93.5M | — | ||
| Q3 24 | $159.6M | $181.9M | ||
| Q2 24 | $63.5M | $219.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | $547.3M | ||
| Q2 25 | — | $591.2M | ||
| Q1 25 | — | $603.2M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | — | ||
| Q3 25 | $450.5M | $96.9M | ||
| Q2 25 | $473.6M | $183.9M | ||
| Q1 25 | $518.4M | $201.9M | ||
| Q4 24 | $576.6M | — | ||
| Q3 24 | $663.8M | $538.7M | ||
| Q2 24 | $786.7M | $561.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | $1.4B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.8B | $615.0M | ||
| Q2 24 | $2.7B | $644.4M |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | — | ||
| Q3 25 | — | 5.65× | ||
| Q2 25 | — | 3.21× | ||
| Q1 25 | — | 2.99× | ||
| 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 | — | $63.9M |
| Free Cash FlowOCF − Capex | — | $55.0M |
| FCF MarginFCF / Revenue | — | 26.1% |
| Capex IntensityCapex / Revenue | 13.7% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | — | ||
| Q3 25 | $100.8M | $63.9M | ||
| Q2 25 | $129.6M | $33.4M | ||
| Q1 25 | $61.1M | $-44.8M | ||
| Q4 24 | $104.8M | — | ||
| Q3 24 | $118.6M | $-28.4M | ||
| Q2 24 | $81.1M | $-28.0M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | — | ||
| Q3 25 | $79.2M | $55.0M | ||
| Q2 25 | $108.9M | $10.6M | ||
| Q1 25 | $36.5M | $-74.0M | ||
| Q4 24 | $80.5M | — | ||
| Q3 24 | $100.0M | $-34.0M | ||
| Q2 24 | $68.7M | $-35.6M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | — | ||
| Q3 25 | 34.9% | 26.1% | ||
| Q2 25 | 50.2% | 8.0% | ||
| Q1 25 | 17.0% | -138.4% | ||
| Q4 24 | 37.8% | — | ||
| Q3 24 | 47.0% | — | ||
| Q2 24 | 34.2% | — |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | — | ||
| Q3 25 | 9.5% | 4.2% | ||
| Q2 25 | 9.5% | 17.2% | ||
| Q1 25 | 11.4% | 54.5% | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 6.2% | — |
| 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% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
