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Stock research / United States / IRDM · Communications Services, Nec · Nasdaq

Iridium Communications Inc. (IRDM)

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Iridium Communications Inc. (IRDM) reported revenue of $225 million for Q2 FY2026, the quarter ended 30 June 2026, up 3.8% on the same quarter a year earlier. Net income was $10 million, down 55.9% on the year, and diluted earnings per share $0.09. The figures are the company's own, from the 10-Q it filed with the SEC on 22 July 2026.

Revenue$225 millionup 3.8%
Net income$10 milliondown 55.9%
Diluted EPS$0.09
QuarterQ2 FY2026ended 30 June 2026

Iridium Communications (IRDM) in brief

Iridium Communications (IRDM) reported revenue of $872 million for fiscal 2025, the year ended 31 December 2025, up 4.9% on the year before.
Read moreNet income was $114 million and diluted earnings per share $1.06. Revenue was $831 million in fiscal 2024, $791 million in fiscal 2023, $721 million in fiscal 2022 and $614 million in fiscal 2021. Net income in the same years was $113 million, $15 million, $9 million and a loss of $9 million. Over the twelve months to 30 June 2026, Iridium Communications reported revenue of $884 million and net income of $93 million. Revenue grew 8.4% a year, compounded, over the five years to fiscal 2025. Iridium Communications declared $0.60 a share in dividends over the last four quarters and had 106 million shares outstanding at the latest filed count. At 30 June 2026 it carried $1.8 billion of debt and $184 million of cash. At the close of 9 October 2026 the market cap of Iridium Communications was $5.0 billion, 54.0 times its earnings over the last twelve months.

Ratios

From the filings

ROE19.7%
ROCE9.4%
Operating margin23.8%
Net margin10.5%
FCF margin32.6%
Interest covern/a
Debt to equity3.73
Cash conversion4.24
Share count, 1 year-0.1%
Sales CAGR, 3 years6.5%
Profit CAGR, 3 years135.8%
EPS, TTM$0.88

At the close of 9 October 2026

Price$47.48
Market cap$5.0 billion
Stock P/E53.95
Price to book10.65
EV / EBITDA15.61
Dividend yield1.3%
Market cap / sales5.69
52-week high$55.72
52-week low$15.84
Price, 1 year140.8%
Price CAGR, 3 years2.5%
Price CAGR, 5 years5.1%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Iridium Communications Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
IRDMgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on IRDM

Filings23 in twelve months: 15 current reports (8-K), about 7 regulation FD disclosure; 4 material agreement; 4 results of operations; 4 officer or director change; 2 shareholder vote
Planned insider sales11 Form 144 notices in twelve months, $19.5 million; latest 15 September 2026
Options tapeput/call 0.41 by open interest at the 9 October 2026 close; the straddle prices a 6.4% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Geode Capital Management; 11 Schedule 13D or 13G filings in twelve months
Insider trading16 sales and 2 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.4 million shares short, 2.46 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue198195204201213213215217227213219225
R&D5.05.77.26.56.28.55.44.34.95.16.25.5
SG&A33.434.336.846.744.040.735.844.635.541.845.867.0
Operating income28.246.349.843.654.952.160.450.370.155.250.734.0
Operating margin14%24%24%22%26%24%28%23%31%26%23%15%
Pre-tax income-6.230.229.219.230.930.536.926.647.933.431.214.3
Tax raten/a-32%27%24%19%-20%16%14%21%24%28%22%
Net income-1.638.019.732.324.436.330.422.037.124.921.69.7
Net margin-1%20%10%16%11%17%14%10%16%12%10%4%
Diluted EPS-$0.01$0.29$0.16$0.27$0.21$0.30$0.27$0.20$0.35$0.24$0.20$0.09
Operating cash flow71.187.871.481.111910561.113010110971.6114
Capital expenditure12.016.214.612.418.624.324.520.721.533.530.021.8
Free cash flow59.171.656.968.710080.536.510979.275.141.792.3
Buybacks75.451.957.297.613012370.565.650.4-0.00.00.0
Dividends paid16.116.016.132.849.1-33.215.730.846.9-30.516.516.2
Shares outstanding124m123m121m118m114m110m108m106m105m105m106m106m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Revenue409411434448523560583614721791831872884
Cost of revenue54.640.844.344.4n/an/an/an/an/an/an/an/an/a
Gross profit354371389404n/an/an/an/an/an/an/an/an/a
Gross margin86.6%90.1%89.8%90.1%n/an/an/an/an/an/an/an/an/a
Research and development17.616.116.115.222.414.312.011.916.220.328.419.821.8
Selling, general and administrative78.681.482.684.497.893.290.1100124144168158190
Operating income12373.817611541.710.135.546.376.781.6200236210
Operating margin30.1%17.9%40.7%25.8%8.0%1.8%6.1%7.5%10.6%10.3%24.1%27.1%23.8%
Interest expense50.864.677.786.7n/an/an/an/an/a14.714.714.7n/a
Pre-tax income11673.1178120-20.6-218-89.0-28.910.5-4.7110145127
Income tax41.566.067.1-114-7.3-56.1-32.9-19.60.3-26.312.327.629.9
Effective tax rate35.6%90.3%37.7%-95.6%n/an/an/an/a2.8%n/a11.2%19.1%23.6%
Net income75.07.1111234-13.4-162-56.1-9.38.715.411311493.3
Net margin18.4%1.7%25.6%52.2%-2.6%-28.9%-9.6%-1.5%1.2%1.9%13.6%13.1%10.5%
Diluted EPS$0.69-$0.09$0.89$1.82-$0.22-$1.33-$0.42-$0.07$0.07$0.12$0.94$1.06$0.88
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States43143847955.0%
Other countries29330430935.4%
Canada65.888.484.19.6%
United StatesOther countriesCanada
791FY2023831FY2024872FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Operating cash flow215217225260264198250303345315376400395
Capital expenditure44149540640039111838.742.171.373.569.9100107
Free cash flow-226-277-180-140-12880.3211261273241306300288
Free cash flow margin-55.4%-67.4%-41.6%-31.4%-24.4%14.3%36.2%42.4%37.9%30.5%36.8%34.4%32.6%
Cash from investingn/an/an/a-373-379-128-46.5-36.4-121-83.5-181-100-107
Cash from financingn/an/an/a16.9194-313-188-182-375-327-170-300-184
Depreciation and amortisation72.851.849.4122218298303305303320203210213
Share-based compensation9.68.613.716.014.515.116.726.843.757.563.551.649.5
Buybacksn/an/an/an/an/a0.00.016325724740818650.4
Dividends paidn/an/an/an/an/an/an/a0.00.064.864.762.949.1
Dividend per sharen/an/an/an/an/an/an/an/an/a$0.13n/an/a$0.60
Diluted shares, weighted109m95m125m128m109m125m133m134m130m127m120m108m108m
Shares outstanding at period end94m95m96m98m112m132m134m131m126m123m110mn/a106m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,2321,2291,3441,5961,6021,4591,4191,2881,129888577463473
Short-term borrowingsn/an/an/an/an/an/an/an/a16.515.033.13.4n/a
Debtn/an/a1,8001,6181,8301,7651,5971,5821,4711,4671,7581,7571,762
Operating lease liabilitiesn/an/an/an/an/a26.923.319.615.814.111.126.3n/a
Other liabilities1,6781,842356568583372321292322277293282331
Total liabilities and equity2,9103,0713,5003,7824,0143,6243,3613,1812,9542,6622,6712,5312,565
Owned
Fixed assets1,9722,4442,8133,2103,3713,1812,9172,6622,4332,1962,0811,9781,927
Goodwill87.00.00.00.0n/an/an/an/an/a0.098.298.998.9
Intangible assets47.446.645.850.048.547.045.544.042.641.190.986.982.7
Investments26120339.311.80.0n/an/an/an/an/an/an/an/a
Securities held for sale or to maturityn/an/an/an/an/an/a7.50.0n/an/an/an/an/a
Cash and equivalents21118637128627322423732116971.993.596.5184
Receivables50.751.757.468.071.268.761.263.482.391.798.893.8105
Inventory28.427.918.220.127.539.932.529.039.891.181.373.863.5
Other assets25211215513622363.660.061.1187170128103104
Total assets2,9103,0713,5003,7824,0143,6243,3613,1812,9542,6622,6712,5312,565
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded7.8%8.4%6.5%3.1%
Profit growth, compounded32.0%n/a135.8%-17.6%
Return on equity, average5.3%9.2%15.3%24.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Iridium Communications' revenue in fiscal 2025?

Iridium Communications (IRDM) reported revenue of $872 million for fiscal 2025, the year ended 31 December 2025, up 4.9% on the year before.

How much did Iridium Communications earn in fiscal 2025?

Net income was $114 million for fiscal 2025, and diluted earnings per share $1.06.

What is Iridium Communications' P/E ratio?

At the close of 9 October 2026, Iridium Communications traded at 54.0 times its earnings over the twelve months to 30 June 2026.

What is Iridium Communications' market cap?

The market cap of Iridium Communications was $5.0 billion at the close of 9 October 2026.

Does Iridium Communications pay a dividend?

Yes. Iridium Communications declared $0.60 a share in dividends over the four quarters to 30 June 2026.

Peers: Communication

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
EchoStar Corp. ECHO$33.4 billionn/a-40.1%-112.7%-5.2%1.13n/a
Charter Communications, Inc. CHTR$12.5 billion2.6829.0%23.3%-1.5%5.54n/a
Viasat Inc. VSAT$9.9 billionn/a-0.6%2.4%1.3%1.25n/a
Lumen Technologies, Inc. LUMN$5.4 billionn/an/a1.7%-7.7%n/a0.0%
Iridium Communications Inc. IRDM$5.0 billion53.9519.7%23.8%3.1%3.731.3%
Nexstar Media Group, Inc. NXST$5.0 billion30.968.3%17.8%10.5%5.184.6%
Versant Media Group, Inc. VSNT$4.3 billion3.7714.4%25.5%n/a0.36n/a
Telephone & Data Systems Inc. TDS$3.9 billionn/an/an/an/a0.130.5%
Adeia Inc. ADEA$2.6 billion22.1325.7%41.6%24.3%0.810.8%
Calix, Inc. CALX$2.3 billion50.317.2%5.5%27.8%0.000.0%
Ziff Davis, Inc. ZD$2.0 billion3.2028.8%5.5%-8.5%0.390.0%
Cogent Communications Holdings, Inc. CCOI$437 millionn/an/a8.0%-4.5%n/a35.7%
All 26 in Communication
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Verizon Communications Inc. VZ$173.0 billion10.8515.4%20.5%1.4%1.366.6%
T-Mobile US, Inc. TMUS$159.7 billion15.5618.8%19.8%9.7%1.502.6%
AT&T Inc. T$151.9 billion7.3417.1%20.1%2.6%1.065.0%
Spotify Technology S.A. SPOT *$108.9 billion44.7226.6%12.8%9.7%0.18n/a
Warner Bros. Discovery, Inc. WBD$77.6 billionn/a-9.6%-3.5%-6.1%0.98n/a
Comcast Corp. CMCSA$73.7 billion6.6812.5%14.7%0.6%0.946.4%
Vodafone Group Public Limited Company VOD *$35.9 billionn/a-0.8%7.0%8.0%1.043.5%
Chunghwa Telecom Co. Ltd. CHT *$35.7 billion29.5610.1%20.6%2.7%0.073.5%
EchoStar Corp. ECHO$33.4 billionn/a-40.1%-112.7%-5.2%1.13n/a
Fox Corp. FOXA$27.4 billion16.2614.5%n/a5.1%0.57n/a
Fox Corp. FOX$24.5 billion14.5614.5%n/a5.1%0.57n/a
Roku, Inc. ROKU$22.6 billion65.3212.6%5.2%18.5%0.00n/a
Tencent Music Entertainment Group TME *$13.2 billionn/a13.8%40.6%15.8%0.042.1%
Charter Communications, Inc. CHTR$12.5 billion2.6829.0%23.3%-1.5%5.54n/a
Viasat Inc. VSAT$9.9 billionn/a-0.6%2.4%1.3%1.25n/a
Lumen Technologies, Inc. LUMN$5.4 billionn/an/a1.7%-7.7%n/a0.0%
Iridium Communications Inc. IRDM$5.0 billion53.9519.7%23.8%3.1%3.731.3%
Nexstar Media Group, Inc. NXST$5.0 billion30.968.3%17.8%10.5%5.184.6%
Versant Media Group, Inc. VSNT$4.3 billion3.7714.4%25.5%n/a0.36n/a
Telephone & Data Systems Inc. TDS$3.9 billionn/an/an/an/a0.130.5%
Adeia Inc. ADEA$2.6 billion22.1325.7%41.6%24.3%0.810.8%
Calix, Inc. CALX$2.3 billion50.317.2%5.5%27.8%0.000.0%
Ziff Davis, Inc. ZD$2.0 billion3.2028.8%5.5%-8.5%0.390.0%
Uniti Group Inc. UNIT$1.6 billion2.54666.9%3.2%n/a65.860.0%
Shenandoah Telecommunications Co. SHEN$576 millionn/a-4.6%-5.3%5.0%0.851.1%
Cogent Communications Holdings, Inc. CCOI$437 millionn/an/a8.0%-4.5%n/a35.7%
4 companies share its SEC industry code (Communications Services, Nec); the rest are the names nearest in size in its wider industry, Communication, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202622 July 2026EDGAR
10-Q31 March 202623 April 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q30 September 202523 October 2025EDGAR
10-Q30 June 202524 July 2025EDGAR
10-Q31 March 202522 April 2025EDGAR
10-K31 December 202413 February 2025EDGAR
10-Q30 September 202417 October 2024EDGAR
10-Q30 June 202423 July 2024EDGAR
10-Q31 March 202418 April 2024EDGAR

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