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Iridium Communications vs Gogo: IRDM and GOGO compared
Iridium Communications is the larger company: $246M of revenue in its latest quarter (Q3 2026) against $213M for Gogo (Q3 2026). Iridium Communications is growing faster (+8% against -5% a year earlier). Iridium Communications is more profitable, with an operating margin of 12.9% against 8.0%.
Where the money goes: IRDM and GOGO
Iridium Communications (IRDM) · Q3 2026
Iridium Communications, Q3 2026: revenue $246M (+8% year over year), operating margin 12.9%, net earnings $107M, operating cash flow $95.9M. The chart follows the revenue to costs, profit and cash.
Gogo (GOGO) · Q3 2026
Gogo, Q3 2026: revenue $213M (-5% year over year), operating margin 8.0%, net loss $3.2M, operating cash flow $26.3M. The chart follows the revenue to costs, profit and cash.
| Iridium Communications (IRDM) | Gogo (GOGO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $246M | $213M |
| Revenue growth, Y/Y | +8% | -5% |
| Operating margin | 12.9% | 8.0% |
| Net earnings | $107M | −$3.2M |
| Net margin | 43.5% | -1.5% |
| Operating cash flow | $95.9M | $26.3M |
| Free cash flow | $68.5M | $22.7M |
| Market value | $5.2B | — |
| P/E | 31.4× | — |
| Analysts’ mean target | $48.00 | — |
Where the revenue comes from
Iridium Communications
- Services: $187M (76%)
- Engineering and support services: $39.2M (16%)
- Subscriber equipment: $19.0M (8%)
Gogo
- Service: $183M (86%)
- Equipment: $30.5M (14%)
Questions
Which is bigger, Iridium Communications or Gogo?
Iridium Communications is the larger company: $246M of revenue in its latest quarter (Q3 2026) against $213M for Gogo (Q3 2026).
Is Iridium Communications or Gogo growing faster?
Iridium Communications is growing faster (+8% against -5% a year earlier).
Which is more profitable, Iridium Communications or Gogo?
Iridium Communications is more profitable, with an operating margin of 12.9% against 8.0%.
More: Iridium Communications earnings · how Iridium Communications makes money · Gogo earnings · how Gogo makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 20, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.