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MARKETS / NASDAQ / IRDM
NASDAQ · COMMUNICATIONS SERVICES, NEC · LARGE CAP

Iridium Communications Inc. IRDM

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$871.7M
▲ 4.9% YoY
$114.4M
▲ 1.4% YoY
$299.8M
▼ 2.0% YoY
In brief

What this company does

Iridium Communications Inc. provides voice and data communications services to businesses, U.S. and foreign governments, non-governmental organizations, and consumers through a satellite network of 66 operational satellites with in-orbit spares and related ground infrastructure. It sells its products and services to commercial end users through a wholesale distribution network of approximately 120 service providers, approximately 310 value-added resellers, and approximately 90 value-added manufacturers. The U.S. government is the company's largest single customer, generating $257.0 million in revenue, representing 29% of its total revenue, for the year ended December 31, 2025. As of December 31, 2025, the company had approximately 2,537,000 billable subscribers worldwide. As of December 31, 2025, it had approximately 975 full-time employees, none of whom are subject to a collective bargaining agreement. Its principal vertical lines of business include land mobile, maritime, aviation, IoT, hosted payloads and other data service, and U.S. government. It was incorporated as GHL Acquisition Corp., a special purpose acquisition company, in November 2007, became a publicly held company in February 2008, and, in September 2009, changed its name to Iridium Communications Inc. after acquiring Iridium Holdings LLC.

Written from the business description in Iridium Communications Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.

Growth
USD 871.7M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 871.7 · Net income 114.4
400M800M-80M-160M200920112013201520172019202120232025
Compound annual growth
+6.5%
+8.4%
+7.8%
+6.3%
+135.8%
+32.0%
+12.3%
+147.4%
+28.0%
+9.5%
−0.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 27.1% · Net 13.1%
500%1000%200920112013201520172019202120232025
ROE
FY2025 · ROE 22.0%
10%20%-5%-10%200920112013201520172019202120232025

Each USD of equity produced 22 cents of profit this year.

Cash & shareholders
USD 248.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 299.8
200M-100M-200M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 62.9 · Net buybacks 185.3
200M400MDividendsNet buybacks2009201120132020202220242025

USD 62.9M in dividends and USD 185.3M in buybacks — 217% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.5B
EquityUSD 462.6M
CashUSD 96.5M
Gross debtUSD 1.8B
Net debtUSD 1.7B
Current ratio2.48×

Net debt stands at 360% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.90.80.80.70.60.60.60.00.00.00.40.40.40.40.40.30.1
Operating income $B0.20.20.10.10.00.00.00.00.10.20.10.10.10.10.10.0−0.0
EBITDA $B0.40.40.40.40.40.30.30.30.20.20.10.20.20.20.20.10.0
Income tax $B0.00.0−0.00.0−0.0−0.0−0.1−0.0−0.10.10.10.00.00.00.00.0−0.0
Net income $B0.10.10.00.0−0.0−0.1−0.2−0.00.20.10.00.10.10.10.00.0−0.0
Free cash flow $B0.30.30.20.30.30.20.1−0.1−0.1−0.2−0.3−0.2−0.2−0.3−0.2−0.10.0
EPS, diluted $1.060.940.120.07−0.07−0.42−1.33−0.221.820.890.090.690.710.830.560.27−0.78
Dividend / sh $··0.13··············
Payout %55574200−0·······11200·
ROE %22.015.41.50.7−0.7−3.9−10.6−0.815.98.60.66.96.98.26.03.1−6.7
Shares out B·0.110.120.130.130.130.130.110.100.100.100.090.080.080.070.07·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 67 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 19 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCommunications Services, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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