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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $132.6M, roughly 1.7× Urban Edge Properties). Urban Edge Properties runs the higher net margin — 17.1% vs 9.9%, a 7.2% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs 1.9%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% 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...
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
IRDM vs UE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $132.6M |
| Net Profit | $21.6M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 23.2% | — |
| Net Margin | 9.9% | 17.1% |
| Revenue YoY | 1.9% | 12.2% |
| Net Profit YoY | — | -6.7% |
| EPS (diluted) | — | $0.18 |
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 | $132.6M | ||
| Q4 25 | $212.9M | $119.6M | ||
| Q3 25 | $226.9M | $120.1M | ||
| Q2 25 | $216.9M | $114.1M | ||
| Q1 25 | $214.9M | $118.2M | ||
| Q4 24 | $213.0M | $116.4M | ||
| Q3 24 | $212.8M | $112.4M | ||
| Q2 24 | $201.1M | $106.5M |
| Q1 26 | $21.6M | $22.6M | ||
| Q4 25 | $24.9M | $12.4M | ||
| Q3 25 | $37.1M | $14.9M | ||
| Q2 25 | $22.0M | $58.0M | ||
| Q1 25 | $30.4M | $8.2M | ||
| Q4 24 | $36.3M | $30.1M | ||
| Q3 24 | $24.4M | $9.1M | ||
| Q2 24 | $32.3M | $30.8M |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 11.3% | ||
| Q3 25 | 30.9% | 13.4% | ||
| Q2 25 | 23.2% | 53.9% | ||
| Q1 25 | 28.1% | 7.6% | ||
| Q4 24 | 24.5% | 27.6% | ||
| Q3 24 | 25.8% | 8.9% | ||
| Q2 24 | 21.7% | 30.6% |
| Q1 26 | 9.9% | 17.1% | ||
| Q4 25 | 11.7% | 10.4% | ||
| Q3 25 | 16.4% | 12.4% | ||
| Q2 25 | 10.1% | 50.8% | ||
| Q1 25 | 14.2% | 6.9% | ||
| Q4 24 | 17.1% | 25.9% | ||
| Q3 24 | 11.5% | 8.1% | ||
| Q2 24 | 16.1% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.24 | $0.09 | ||
| Q3 25 | $0.35 | $0.12 | ||
| Q2 25 | $0.20 | $0.46 | ||
| Q1 25 | $0.27 | $0.07 | ||
| Q4 24 | $0.30 | $0.25 | ||
| Q3 24 | $0.21 | $0.07 | ||
| Q2 24 | $0.27 | $0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $50.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.4B |
| Total Assets | — | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $96.5M | $48.9M | ||
| Q3 25 | $88.5M | $77.8M | ||
| Q2 25 | $79.3M | $53.0M | ||
| Q1 25 | $50.9M | $48.0M | ||
| Q4 24 | $93.5M | $41.4M | ||
| Q3 24 | $159.6M | $67.9M | ||
| Q2 24 | $63.5M | $78.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $462.6M | $1.4B | ||
| Q3 25 | $450.5M | $1.4B | ||
| Q2 25 | $473.6M | $1.4B | ||
| Q1 25 | $518.4M | $1.4B | ||
| Q4 24 | $576.6M | $1.4B | ||
| Q3 24 | $663.8M | $1.3B | ||
| Q2 24 | $786.7M | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.5B | $3.3B | ||
| Q3 25 | $2.6B | $3.3B | ||
| Q2 25 | $2.6B | $3.3B | ||
| Q1 25 | $2.6B | $3.3B | ||
| Q4 24 | $2.7B | $3.3B | ||
| Q3 24 | $2.8B | $3.2B | ||
| 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 | — | $39.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 13.7% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $108.6M | $182.7M | ||
| Q3 25 | $100.8M | $55.7M | ||
| Q2 25 | $129.6M | $43.5M | ||
| Q1 25 | $61.1M | $32.6M | ||
| Q4 24 | $104.8M | $153.2M | ||
| Q3 24 | $118.6M | $36.6M | ||
| Q2 24 | $81.1M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $81.8M | ||
| Q3 25 | $79.2M | $26.1M | ||
| Q2 25 | $108.9M | $19.6M | ||
| Q1 25 | $36.5M | $11.9M | ||
| Q4 24 | $80.5M | $42.5M | ||
| Q3 24 | $100.0M | $12.2M | ||
| Q2 24 | $68.7M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 68.4% | ||
| Q3 25 | 34.9% | 21.7% | ||
| Q2 25 | 50.2% | 17.2% | ||
| Q1 25 | 17.0% | 10.0% | ||
| Q4 24 | 37.8% | 36.6% | ||
| Q3 24 | 47.0% | 10.8% | ||
| Q2 24 | 34.2% | 18.6% |
| Q1 26 | 13.7% | 1.5% | ||
| Q4 25 | 15.7% | 84.4% | ||
| Q3 25 | 9.5% | 24.6% | ||
| Q2 25 | 9.5% | 20.9% | ||
| Q1 25 | 11.4% | 17.5% | ||
| Q4 24 | 11.4% | 95.1% | ||
| Q3 24 | 8.7% | 21.7% | ||
| Q2 24 | 6.2% | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | 4.37× | 14.71× | ||
| Q3 25 | 2.71× | 3.73× | ||
| Q2 25 | 5.90× | 0.75× | ||
| Q1 25 | 2.01× | 3.97× | ||
| Q4 24 | 2.88× | 5.09× | ||
| Q3 24 | 4.85× | 4.03× | ||
| Q2 24 | 2.51× | 1.34× |
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% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
