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铱星通信（IRDM）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
Upstart Holdings, Inc.的季度营收约是铱星通信的1.4倍（$308.2M vs $219.1M），铱星通信净利率更高（9.9% vs -2.2%，领先12.0%），Upstart Holdings, Inc.同比增速更快（44.4% vs 1.9%），过去两年Upstart Holdings, Inc.的营收复合增速更高（55.4% vs 4.4%）
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
IRDM vs UPST — 直观对比
营收规模更大
UPST
是对方的1.4倍
$219.1M
营收增速更快
UPST
高出42.5%
1.9%
净利率更高
IRDM
高出12.0%
-2.2%
两年增速更快
UPST
近两年复合增速
4.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $219.1M | $308.2M |
| 净利润 | $21.6M | $-6.6M |
| 毛利率 | — | — |
| 营业利润率 | 23.2% | -2.4% |
| 净利率 | 9.9% | -2.2% |
| 营收同比 | 1.9% | 44.4% |
| 净利润同比 | — | -171.6% |
| 每股收益（稀释后） | — | $-0.07 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IRDMUPST
| Q1 26 | $219.1M | $308.2M | ||
| Q4 25 | $212.9M | $296.1M | ||
| Q3 25 | $226.9M | $277.1M | ||
| Q2 25 | $216.9M | $257.3M | ||
| Q1 25 | $214.9M | $213.4M | ||
| Q4 24 | $213.0M | $219.0M | ||
| Q3 24 | $212.8M | $162.1M | ||
| Q2 24 | $201.1M | $127.6M |
净利润IRDMUPST
| Q1 26 | $21.6M | $-6.6M | ||
| Q4 25 | $24.9M | $18.6M | ||
| Q3 25 | $37.1M | $31.8M | ||
| Q2 25 | $22.0M | $5.6M | ||
| Q1 25 | $30.4M | $-2.4M | ||
| Q4 24 | $36.3M | $-2.8M | ||
| Q3 24 | $24.4M | $-6.8M | ||
| Q2 24 | $32.3M | $-54.5M |
营业利润率IRDMUPST
| Q1 26 | 23.2% | -2.4% | ||
| Q4 25 | 25.9% | 6.4% | ||
| Q3 25 | 30.9% | 8.5% | ||
| Q2 25 | 23.2% | 1.8% | ||
| Q1 25 | 28.1% | -2.1% | ||
| Q4 24 | 24.5% | -2.2% | ||
| Q3 24 | 25.8% | -27.8% | ||
| Q2 24 | 21.7% | -43.5% |
净利率IRDMUPST
| Q1 26 | 9.9% | -2.2% | ||
| Q4 25 | 11.7% | 6.3% | ||
| Q3 25 | 16.4% | 11.5% | ||
| Q2 25 | 10.1% | 2.2% | ||
| Q1 25 | 14.2% | -1.1% | ||
| Q4 24 | 17.1% | -1.3% | ||
| Q3 24 | 11.5% | -4.2% | ||
| Q2 24 | 16.1% | -42.7% |
每股收益（稀释后）IRDMUPST
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $0.24 | $0.20 | ||
| Q3 25 | $0.35 | $0.23 | ||
| Q2 25 | $0.20 | $0.05 | ||
| Q1 25 | $0.27 | $-0.03 | ||
| Q4 24 | $0.30 | $-0.01 | ||
| Q3 24 | $0.21 | $-0.07 | ||
| Q2 24 | $0.27 | $-0.62 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $472.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $733.2M |
| 总资产 | — | $3.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资IRDMUPST
| Q1 26 | — | $472.9M | ||
| Q4 25 | $96.5M | $652.4M | ||
| Q3 25 | $88.5M | $489.8M | ||
| Q2 25 | $79.3M | $395.9M | ||
| Q1 25 | $50.9M | $599.8M | ||
| Q4 24 | $93.5M | $788.4M | ||
| Q3 24 | $159.6M | — | ||
| Q2 24 | $63.5M | — |
总债务IRDMUPST
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益IRDMUPST
| Q1 26 | — | $733.2M | ||
| Q4 25 | $462.6M | $798.8M | ||
| Q3 25 | $450.5M | $743.7M | ||
| Q2 25 | $473.6M | $722.0M | ||
| Q1 25 | $518.4M | $676.6M | ||
| Q4 24 | $576.6M | $633.2M | ||
| Q3 24 | $663.8M | $595.5M | ||
| Q2 24 | $786.7M | $594.7M |
总资产IRDMUPST
| Q1 26 | — | $3.0B | ||
| Q4 25 | $2.5B | $3.0B | ||
| Q3 25 | $2.6B | $2.9B | ||
| Q2 25 | $2.6B | $2.5B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.7B | $2.4B | ||
| Q3 24 | $2.8B | $1.8B | ||
| Q2 24 | $2.7B | $1.8B |
负债/权益比IRDMUPST
| Q1 26 | — | — | ||
| Q4 25 | 3.80× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-133.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 13.7% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流IRDMUPST
| Q1 26 | — | $-133.3M | ||
| Q4 25 | $108.6M | $108.6M | ||
| Q3 25 | $100.8M | $-122.6M | ||
| Q2 25 | $129.6M | $-120.2M | ||
| Q1 25 | $61.1M | $-13.5M | ||
| Q4 24 | $104.8M | $-110.9M | ||
| Q3 24 | $118.6M | $179.3M | ||
| Q2 24 | $81.1M | $65.3M |
自由现金流IRDMUPST
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $108.4M | ||
| Q3 25 | $79.2M | $-122.7M | ||
| Q2 25 | $108.9M | $-120.3M | ||
| Q1 25 | $36.5M | — | ||
| Q4 24 | $80.5M | — | ||
| Q3 24 | $100.0M | $179.2M | ||
| Q2 24 | $68.7M | $65.3M |
自由现金流率IRDMUPST
| Q1 26 | — | — | ||
| Q4 25 | 35.3% | 36.6% | ||
| Q3 25 | 34.9% | -44.3% | ||
| Q2 25 | 50.2% | -46.7% | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 37.8% | — | ||
| Q3 24 | 47.0% | 110.5% | ||
| Q2 24 | 34.2% | 51.1% |
资本支出强度IRDMUPST
| Q1 26 | 13.7% | — | ||
| Q4 25 | 15.7% | 0.1% | ||
| Q3 25 | 9.5% | 0.0% | ||
| Q2 25 | 9.5% | 0.0% | ||
| Q1 25 | 11.4% | 0.0% | ||
| Q4 24 | 11.4% | 0.0% | ||
| Q3 24 | 8.7% | 0.1% | ||
| Q2 24 | 6.2% | 0.0% |
现金转化率IRDMUPST
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 5.82× | ||
| Q3 25 | 2.71× | -3.86× | ||
| Q2 25 | 5.90× | -21.43× | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 2.88× | — | ||
| Q3 24 | 4.85× | — | ||
| Q2 24 | 2.51× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
