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Side-by-side financial comparison of Iridium Communications Inc. (IRDM) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.
Zeta Global Holdings Corp. is the larger business by last-quarter revenue ($394.6M vs $219.1M, roughly 1.8× Iridium Communications Inc.). Iridium Communications Inc. runs the higher net margin — 9.9% vs 1.7%, a 8.2% gap on every dollar of revenue. On growth, Zeta Global Holdings Corp. posted the faster year-over-year revenue change (25.4% vs 1.9%). Over the past eight quarters, Zeta Global Holdings Corp.'s revenue compounded faster (42.3% 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...
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
IRDM vs ZETA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.1M | $394.6M |
| Net Profit | $21.6M | $6.5M |
| Gross Margin | — | 59.5% |
| Operating Margin | 23.2% | 4.5% |
| Net Margin | 9.9% | 1.7% |
| Revenue YoY | 1.9% | 25.4% |
| Net Profit YoY | — | -57.1% |
| EPS (diluted) | — | $0.04 |
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 | $394.6M | ||
| Q3 25 | $226.9M | $337.2M | ||
| Q2 25 | $216.9M | $308.4M | ||
| Q1 25 | $214.9M | $264.4M | ||
| Q4 24 | $213.0M | $314.7M | ||
| Q3 24 | $212.8M | $268.3M | ||
| Q2 24 | $201.1M | $227.8M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.9M | $6.5M | ||
| Q3 25 | $37.1M | $-3.6M | ||
| Q2 25 | $22.0M | $-12.8M | ||
| Q1 25 | $30.4M | $-21.6M | ||
| Q4 24 | $36.3M | $15.2M | ||
| Q3 24 | $24.4M | $-17.4M | ||
| Q2 24 | $32.3M | $-28.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 59.5% | ||
| Q3 25 | — | 60.5% | ||
| Q2 25 | — | 62.1% | ||
| Q1 25 | — | 60.9% | ||
| Q4 24 | — | 60.0% | ||
| Q3 24 | — | 60.6% | ||
| Q2 24 | — | 60.0% |
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.9% | 4.5% | ||
| Q3 25 | 30.9% | 2.6% | ||
| Q2 25 | 23.2% | -1.7% | ||
| Q1 25 | 28.1% | -6.1% | ||
| Q4 24 | 24.5% | 2.2% | ||
| Q3 24 | 25.8% | -4.6% | ||
| Q2 24 | 21.7% | -11.7% |
| Q1 26 | 9.9% | — | ||
| Q4 25 | 11.7% | 1.7% | ||
| Q3 25 | 16.4% | -1.1% | ||
| Q2 25 | 10.1% | -4.2% | ||
| Q1 25 | 14.2% | -8.2% | ||
| Q4 24 | 17.1% | 4.8% | ||
| Q3 24 | 11.5% | -6.5% | ||
| Q2 24 | 16.1% | -12.3% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.04 | ||
| Q3 25 | $0.35 | $-0.02 | ||
| Q2 25 | $0.20 | $-0.06 | ||
| Q1 25 | $0.27 | $-0.10 | ||
| Q4 24 | $0.30 | $0.10 | ||
| Q3 24 | $0.21 | $-0.09 | ||
| Q2 24 | $0.27 | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $319.8M |
| Total DebtLower is stronger | — | $197.1M |
| Stockholders' EquityBook value | — | $804.6M |
| Total Assets | — | $1.5B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $96.5M | $319.8M | ||
| Q3 25 | $88.5M | $385.2M | ||
| Q2 25 | $79.3M | $365.3M | ||
| Q1 25 | $50.9M | $364.4M | ||
| Q4 24 | $93.5M | $366.2M | ||
| Q3 24 | $159.6M | $418.5M | ||
| Q2 24 | $63.5M | $154.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $197.1M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | — | $196.7M | ||
| Q1 25 | — | $196.5M | ||
| Q4 24 | $1.8B | $196.3M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | — | $184.4M |
| Q1 26 | — | — | ||
| Q4 25 | $462.6M | $804.6M | ||
| Q3 25 | $450.5M | $689.2M | ||
| Q2 25 | $473.6M | $673.3M | ||
| Q1 25 | $518.4M | $676.6M | ||
| Q4 24 | $576.6M | $676.8M | ||
| Q3 24 | $663.8M | $474.9M | ||
| Q2 24 | $786.7M | $217.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.6B | $1.2B | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.7B | $1.1B | ||
| Q3 24 | $2.8B | $869.1M | ||
| Q2 24 | $2.7B | $583.9M |
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | 0.24× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | 3.05× | 0.29× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.85× |
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 | — | $64.1M |
| Free Cash FlowOCF − Capex | — | $60.9M |
| FCF MarginFCF / Revenue | — | 15.4% |
| Capex IntensityCapex / Revenue | 13.7% | 0.8% |
| Cash ConversionOCF / Net Profit | — | 9.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | $185.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.6M | $64.1M | ||
| Q3 25 | $100.8M | $57.9M | ||
| Q2 25 | $129.6M | $42.0M | ||
| Q1 25 | $61.1M | $34.8M | ||
| Q4 24 | $104.8M | $43.7M | ||
| Q3 24 | $118.6M | $34.4M | ||
| Q2 24 | $81.1M | $31.1M |
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $60.9M | ||
| Q3 25 | $79.2M | $52.4M | ||
| Q2 25 | $108.9M | $39.7M | ||
| Q1 25 | $36.5M | $32.1M | ||
| Q4 24 | $80.5M | $35.4M | ||
| Q3 24 | $100.0M | $29.5M | ||
| Q2 24 | $68.7M | $24.4M |
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 15.4% | ||
| Q3 25 | 34.9% | 15.6% | ||
| Q2 25 | 50.2% | 12.9% | ||
| Q1 25 | 17.0% | 12.1% | ||
| Q4 24 | 37.8% | 11.3% | ||
| Q3 24 | 47.0% | 11.0% | ||
| Q2 24 | 34.2% | 10.7% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 0.8% | ||
| Q3 25 | 9.5% | 1.6% | ||
| Q2 25 | 9.5% | 0.8% | ||
| Q1 25 | 11.4% | 1.0% | ||
| Q4 24 | 11.4% | 2.6% | ||
| Q3 24 | 8.7% | 1.8% | ||
| Q2 24 | 6.2% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 9.81× | ||
| Q3 25 | 2.71× | — | ||
| Q2 25 | 5.90× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | 2.87× | ||
| 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% |
ZETA
Segment breakdown not available.
