IRDM · Iridium Communications Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $219.06M | - | $226.94M | $216.91M | $214.88M | - | $212.77M | $201.07M | $203.85M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $6.17M | - | $4.94M | $4.28M | $5.42M | - | $6.19M | $6.51M | $7.20M | - |
| SG&A | $45.78M | - | $35.51M | $44.63M | $35.75M | - | $43.95M | $46.72M | $36.81M | - |
| Total Operating Expenses | $168.34M | - | $156.85M | $166.65M | $154.49M | - | $157.92M | $157.42M | $154.08M | - |
| D&A | $53.74M | - | $52.98M | $52.84M | $51.67M | - | $51.16M | $50.78M | $49.74M | - |
| Operating Income | $50.71M | - | $70.08M | $50.26M | $60.39M | - | $54.85M | $43.65M | $49.77M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $8.83M | - | $10.00M | $3.81M | $5.82M | - | $6.00M | $4.57M | $7.93M | - |
| Net Income | $21.59M | - | $37.13M | $21.97M | $30.41M | - | $24.45M | $32.34M | $19.65M | - |
| EPS - Basic | $0.20 | - | $0.35 | $0.20 | $0.28 | - | $0.21 | $0.27 | $0.16 | - |
| EPS - Diluted | $0.20 | - | $0.35 | $0.20 | $0.27 | - | $0.21 | $0.27 | $0.16 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $111.64M | $96.50M | $88.53M | $79.31M | $50.90M | $93.53M | $159.59M | $63.54M | $174.03M | $71.87M |
| Accounts Receivable | $104.38M | $93.77M | $94.49M | $81.05M | $105.44M | $98.80M | $96.46M | $96.19M | $93.03M | $91.72M |
| Inventory | $69.67M | $73.76M | $76.19M | $77.41M | $80.69M | $81.28M | $82.23M | $85.81M | $92.54M | $91.14M |
| Accounts Payable | $11.77M | $17.68M | $13.15M | $11.55M | $11.42M | $19.71M | $13.56M | $15.03M | $22.55M | $28.67M |
| Current Assets | $309.14M | $276.50M | $275.96M | $255.42M | $256.75M | $292.73M | $354.87M | $264.42M | $376.79M | $271.08M |
| Total Assets | $2.53B | $2.53B | $2.55B | $2.57B | $2.61B | $2.67B | $2.75B | $2.72B | $2.74B | $2.66B |
| Current Liabilities | $108.44M | $111.67M | $103.25M | $101.81M | $129.31M | $169.21M | $135.31M | $117.51M | $113.00M | $131.55M |
| Long-term Debt | - | $1.76B | - | - | - | $1.76B | - | - | - | $1.47B |
| Total Liabilities | $2.06B | $2.07B | $2.10B | $2.09B | $2.09B | $2.09B | $2.09B | $1.93B | $1.88B | $1.77B |
| Stockholders' Equity | $468.35M | $462.60M | $450.50M | $473.62M | $518.45M | $576.64M | $663.76M | $786.70M | $853.68M | $888.10M |
| Retained Earnings | ($396.96M) | ($418.55M) | ($443.42M) | ($446.67M) | ($425.22M) | ($406.09M) | ($355.47M) | ($292.18M) | ($256.32M) | ($235.40M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $71.61M | - | - | - | $61.08M | - | - | - | $71.43M | - |
| Investing Cash Flow | ($29.95M) | - | - | - | ($24.55M) | - | - | - | ($14.56M) | - |
| Financing Cash Flow | ($26.34M) | - | - | - | ($81.06M) | - | - | - | $45.52M | - |
| CapEx | $29.95M | - | - | - | $24.55M | - | - | - | $14.56M | - |
| Free Cash Flow | $41.66M | - | - | - | $36.53M | - | - | - | $56.86M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 23.2% | - | 30.9% | 23.2% | 28.1% | - | 25.8% | 21.7% | 24.4% | - |
| EBITDA margin | 47.7% | - | 54.2% | 47.5% | 52.1% | - | 49.8% | 47.0% | 48.8% | - |
| Net margin | 9.9% | - | 16.4% | 10.1% | 14.2% | - | 11.5% | 16.1% | 9.6% | - |
| Free cash flow margin | 19.0% | - | - | - | 17.0% | - | - | - | 27.9% | - |
| FCF / Net income | 1.93 | - | - | - | 1.20 | - | - | - | 2.89 | - |
| R&D / Revenue | 2.8% | - | 2.2% | 2.0% | 2.5% | - | 2.9% | 3.2% | 3.5% | - |
| SG&A / Revenue | 20.9% | - | 15.6% | 20.6% | 16.6% | - | 20.7% | 23.2% | 18.1% | - |
| Effective tax rate | 29.0% | - | 21.2% | 14.8% | 16.1% | - | 19.7% | 12.4% | 28.8% | - |
| Return on assets | 0.9% | - | 1.5% | 0.9% | 1.2% | - | 0.9% | 1.2% | 0.7% | - |
| Return on equity | 4.6% | - | 8.2% | 4.6% | 5.9% | - | 3.7% | 4.1% | 2.3% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.85 | 2.48 | 2.67 | 2.51 | 1.99 | 1.73 | 2.62 | 2.25 | 3.33 | 2.06 |
| Quick ratio | 2.21 | 1.82 | 1.93 | 1.75 | 1.36 | 1.25 | 2.01 | 1.52 | 2.52 | 1.37 |
| Cash ratio | 1.03 | 0.86 | 0.86 | 0.78 | 0.39 | 0.55 | 1.18 | 0.54 | 1.54 | 0.55 |
| Leverage | ||||||||||
| Debt / Equity | - | 3.80 | - | - | - | 3.05 | - | - | - | 1.65 |
| Debt / Assets | - | 0.69 | - | - | - | 0.66 | - | - | - | 0.55 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 5.41 | 5.47 | 5.67 | 5.42 | 5.03 | 4.63 | 4.14 | 3.45 | 3.20 | 3.00 |
| Liabilities / Assets | 0.82 | 0.82 | 0.82 | 0.82 | 0.80 | 0.78 | 0.76 | 0.71 | 0.69 | 0.67 |
| Efficiency | ||||||||||
| Asset turnover | 0.09 | - | 0.09 | 0.08 | 0.08 | - | 0.08 | 0.07 | 0.07 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 174d | - | 152d | 136d | 179d | - | 165d | 175d | 167d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 138.7x | - | 49.9x | 150.8x | 101.2x | - | 145.0x | 98.6x | 163.5x | - |
| P / B | 6.3x | - | 4.1x | 6.9x | 5.8x | - | 5.4x | 4.1x | 3.8x | - |
| P / S | 13.5x | - | 8.2x | 15.0x | 14.1x | - | 16.9x | 16.1x | 15.9x | - |
| EV / EBITDA | 27.2x | - | 14.4x | 30.9x | 26.5x | - | 32.4x | 33.5x | 30.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 1.9% | - | 6.7% | 7.9% | 5.4% | - | 7.7% | 4.1% | -0.7% | - |
| Revenue CAGR (3y) | 2.2% | - | 7.2% | 7.4% | 8.5% | - | 9.5% | 10.3% | 11.6% | - |
| Revenue CAGR (5y) | 8.4% | - | 8.4% | 9.1% | 8.1% | - | 8.0% | 7.0% | 8.8% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -16.0% | - | 27.8% | 15.1% | 21.3% | - | 94.8% | - | 115.0% | - |
| Net income growth (YoY) | -29.0% | - | 51.9% | -32.1% | 54.7% | - | - | - | 101.1% | - |
| EPS growth (YoY) | -25.9% | - | 66.7% | -25.9% | 68.8% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | 126.8% | 71.0% | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 14.0% | - | - | - | -35.7% | - | - | - | 23.5% | - |
| FCF CAGR (5y) | 0.1% | - | - | - | 3.1% | - | - | - | 19.2% | - |
| Book value growth (YoY) | -9.7% | -19.8% | -32.1% | -39.8% | -39.3% | -35.1% | -28.2% | -21.3% | -21.4% | -21.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$1.40B totalService$633.96M · 45.4%
Commercial Voiceand Data Services$232.24M · 16.6%
Commercial Io TData Services$181.38M · 13.0%
Engineeringand Support Services$156.59M · 11.2%
Manufactured Product Other$81.11M · 5.8%
Hosted Payloadand Other Data Services$61.59M · 4.4%
Commercial Broadband Services$50.72M · 3.6%
Geographic
$871.66M totalUS$479.04M · 55.0%
Non Us$308.51M · 35.4%
CA$84.11M · 9.6%
Peer comparison
Same SIC group: Communications Services, NEC
Comparing Iridium Communications Inc. against the 5 most active filers in the same SIC group.
Dividends
$0.59/share trailing 12 months · +5.4% YoY
| Ex-date | Per share |
|---|---|
| Mar 16, 2026 | $0.1500 |
| Dec 15, 2025 | $0.1500 |
| Sep 15, 2025 | $0.1500 |
| Jun 13, 2025 | $0.1400 |
| Mar 17, 2025 | $0.1400 |
| Dec 16, 2024 | $0.1400 |
| Sep 13, 2024 | $0.1400 |
| Jun 14, 2024 | $0.1400 |
| Mar 14, 2024 | $0.1300 |
| Dec 14, 2023 | $0.1300 |
| Sep 14, 2023 | $0.1300 |
| Jun 14, 2023 | $0.1300 |
| Mar 14, 2023 | $0.1300 |