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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $219.1M, roughly 1.1× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 4.9%, a 4.9% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs 1.9%). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% 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...
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
IRDM vs WK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $238.9M |
| Net Profit | $21.6M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | 23.2% | 3.3% |
| Net Margin | 9.9% | 4.9% |
| Revenue YoY | 1.9% | 19.5% |
| Net Profit YoY | — | 234.0% |
| EPS (diluted) | — | $0.21 |
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 | $238.9M | ||
| Q3 25 | $226.9M | $224.2M | ||
| Q2 25 | $216.9M | $215.2M | ||
| Q1 25 | $214.9M | $206.3M | ||
| Q4 24 | $213.0M | $199.9M | ||
| Q3 24 | $212.8M | $185.6M | ||
| Q2 24 | $201.1M | $177.5M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $11.8M | ||
| Q3 25 | $37.1M | $2.8M | ||
| Q2 25 | $22.0M | $-19.4M | ||
| Q1 25 | $30.4M | $-21.4M | ||
| Q4 24 | $36.3M | $-8.8M | ||
| Q3 24 | $24.4M | $-17.0M | ||
| Q2 24 | $32.3M | $-17.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 3.3% | ||
| Q3 25 | 30.9% | -1.5% | ||
| Q2 25 | 23.2% | -10.3% | ||
| Q1 25 | 28.1% | -12.0% | ||
| Q4 24 | 24.5% | -6.7% | ||
| Q3 24 | 25.8% | -11.7% | ||
| Q2 24 | 21.7% | -13.0% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 4.9% | ||
| Q3 25 | 16.4% | 1.2% | ||
| Q2 25 | 10.1% | -9.0% | ||
| Q1 25 | 14.2% | -10.4% | ||
| Q4 24 | 17.1% | -4.4% | ||
| Q3 24 | 11.5% | -9.2% | ||
| Q2 24 | 16.1% | -9.9% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.21 | ||
| Q3 25 | $0.35 | $0.05 | ||
| Q2 25 | $0.20 | $-0.35 | ||
| Q1 25 | $0.27 | $-0.38 | ||
| Q4 24 | $0.30 | $-0.15 | ||
| Q3 24 | $0.21 | $-0.31 | ||
| Q2 24 | $0.27 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $-5.4M |
| Total Assets | — | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $338.8M | ||
| Q3 25 | $88.5M | $315.9M | ||
| Q2 25 | $79.3M | $284.3M | ||
| Q1 25 | $50.9M | $242.0M | ||
| Q4 24 | $93.5M | $301.8M | ||
| Q3 24 | $159.6M | $248.2M | ||
| Q2 24 | $63.5M | $267.9M |
| 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 | $-5.4M | ||
| Q3 25 | $450.5M | $-36.9M | ||
| Q2 25 | $473.6M | $-66.5M | ||
| Q1 25 | $518.4M | $-75.7M | ||
| Q4 24 | $576.6M | $-41.7M | ||
| Q3 24 | $663.8M | $-50.8M | ||
| Q2 24 | $786.7M | $-77.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.6B | $1.4B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.7B | $1.4B | ||
| Q3 24 | $2.8B | $1.3B | ||
| Q2 24 | $2.7B | $1.2B |
| 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 | — | $51.0M |
| Free Cash FlowOCF − Capex | — | $50.7M |
| FCF MarginFCF / Revenue | — | 21.2% |
| Capex IntensityCapex / Revenue | 13.7% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $51.0M | ||
| Q3 25 | $100.8M | $46.2M | ||
| Q2 25 | $129.6M | $50.3M | ||
| Q1 25 | $61.1M | $-7.4M | ||
| Q4 24 | $104.8M | $44.0M | ||
| Q3 24 | $118.6M | $18.9M | ||
| Q2 24 | $81.1M | $-14.0K |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $50.7M | ||
| Q3 25 | $79.2M | $46.1M | ||
| Q2 25 | $108.9M | $49.3M | ||
| Q1 25 | $36.5M | $-8.1M | ||
| Q4 24 | $80.5M | $43.2M | ||
| Q3 24 | $100.0M | $18.7M | ||
| Q2 24 | $68.7M | $-122.0K |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 21.2% | ||
| Q3 25 | 34.9% | 20.5% | ||
| Q2 25 | 50.2% | 22.9% | ||
| Q1 25 | 17.0% | -3.9% | ||
| Q4 24 | 37.8% | 21.6% | ||
| Q3 24 | 47.0% | 10.1% | ||
| Q2 24 | 34.2% | -0.1% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 0.1% | ||
| Q3 25 | 9.5% | 0.0% | ||
| Q2 25 | 9.5% | 0.5% | ||
| Q1 25 | 11.4% | 0.4% | ||
| Q4 24 | 11.4% | 0.4% | ||
| Q3 24 | 8.7% | 0.1% | ||
| Q2 24 | 6.2% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 4.31× | ||
| Q3 25 | 2.71× | 16.57× | ||
| 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% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
