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Iridium Communications Inc.(IRDM)Earnings, Financials & Key Ratios
IRDM•NASDAQ
$51.09
48.2× P/E·Price updated Jul 7, 2026
AboutIridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services, and inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government's dedicated gateway. Further, it provides satellite handsets, personal connectivity devices, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. was founded in 2000 and is headquartered in McLean, Virginia.Show more
- Revenue$872M+4.9%
- EBITDA$446M+9.7%
- Net Income$114M+1.4%
- EPS (Diluted)1.06+12.8%
- Gross Margin77.33%+61.8%
- EBITDA Margin51.19%+4.6%
- Operating Margin27.07%+10.5%
- Net Margin13.12%-3.4%
- ROE22.01%+42.9%
IRDM Price & Volume
Iridium Communications Inc. (IRDM) stock price & volume — 10-year historical chart
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Satellite Infrastructure Maturity Drives Margin Expansion Potential
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Stable
Profitability:Moderate
Financial:Healthy
Cash Flow:Robust
Primary Risk:Constellation replacement capital intensity
Key Thesis Takeaways
- Iridium Communications is transitioning into a post-investment phase characterized by significant deleveraging and improved gross margins, which reached 77.3% in 2026Q1.
- While the company maintains a robust liquidity position with a 2.85 current ratio, investors should monitor the competitive risks posed by emerging direct-to-device satellite technologies.
- The long-term outlook remains tethered to the company's ability to sustain its legacy subscriber base while managing the cyclical capital requirements of its $2.0 billion net PPE orbital infrastructure.
Verdict Logic
while the company has successfully deleveraged to a 0.02 debt-to-equity ratio, the high forward P/E of 38.44 and persistent competitive threats to legacy revenue streams warrant a cautious approach.
IRDM Growth Metrics
Iridium Communications Inc. (IRDM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.8%
5 Years8.36%
3 Years6.53%
TTM4.06%
Profit CAGR
10 Years32%
5 Years-
3 Years135.81%
TTM-14.56%
EPS CAGR
10 Years-
5 Years-
3 Years151.04%
TTM-7.48%
Return on Capital
10 Years3.7%
5 Years5.24%
3 Years7.38%
Last Year9.59%
IRDM Recent Earnings
Iridium Communications Inc. (IRDM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.20-25.9%
$0.27
Rev
$219M+0.3%
$218M
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.24+4.3%
$0.23
Rev
$213M-2.3%
$218M
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$0.35+34.6%
$0.26
Rev
$227M+3.6%
$219M
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$0.20-13.0%
$0.23
Rev
$217M-2.6%
$223M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.20vs $0.27-25.9% | $219Mvs $218M+0.3% |
| Q1 2026 | Feb 12, 2026 | $0.24vs $0.23+4.3% | $213Mvs $218M-2.3% |
| Q4 2025 | Oct 23, 2025 | $0.35vs $0.26+34.6% | $227Mvs $219M+3.6% |
| Q3 2025 | Jul 24, 2025 | $0.20vs $0.23-13.0% | $217Mvs $223M-2.6% |
Based on last 12 quarters of dataView full earnings history →
Latest IRDM News
Recent stock market news and headlines for Iridium Communications Inc. (IRDM)
Seeking Alpha·6 days ago
Rocket Lab: The Iridium Deal Changes The Game (Rating Upgrade)Rocket Lab acquires Iridium, aiming for vertical integration and entry into the satellite communications application layer. A pivotal move to hedge against existential risk. RKLB gains access to Iridium's L-band spectrum, positioning itself to compete more effectively in a rapidly evolving market. It opens up the application game. Despite IRDM's modest growth, the acquisition is seen as existential for RKLB, while providing proven EBITDA profitability and application optionality.
Globe News Wire·Jun 30, 2026
Halper Sadeh LLC is Investigating Whether IRDM, TECH, SUNE, ACA are Obtaining Fair Deals for their ShareholdersInsiders may stand to receive substantial financial benefits not available to ordinary shareholders. The proposed transactions may contain terms that could limit superior competing offers. Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation.
Zacks Investment Research·Jun 24, 2026
How IRDM's Commercial Launch of Hybrid IoT Modules Boosts Its EdgeIridium launches the 9604 Hybrid IoT Module, blending satellite, LTE-M and GNSS connectivity in a compact design built for remote deployments.
Peers Comparison
Key metrics vs top competitors for Iridium Communications Inc. (IRDM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $51.09 | $5.4B | 48.20 | 4.93% | 13.12% | 22.01% | 1.14% | |
| $76.72 | $10.48B | -306.88 | 2.67% | -0.73% | -0.74% | — | |
| $80.11 | $10.32B | -534.07 | 9.04% | -4.03% | -3.21% | — | |
| $12.36 | $788.59M | 36.35 | 47.87% | 6.8% | 7.33% | — | |
| $74.21 | $22.17B | -55.38 | 1505.21% | -573.67% | -24.87% | — | |
| $97.96 | $28.23B | -1.94 | -5.18% | -157.17% | -243.07% | — |
Compare IRDM vs Peers
Iridium Communications Inc. (IRDM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
IRDM SEC Filings & Documents
Iridium Communications Inc. (IRDM) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 23, 2026·SEC
Material company update
Mar 5, 2026·SEC
Material company update
Feb 27, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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IRDM Frequently Asked Questions
Iridium Communications Inc. (IRDM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Iridium Communications Inc.'s revenue?
Iridium Communications Inc. (IRDM) reported $875.8M in revenue for fiscal year 2025.
How fast is Iridium Communications Inc. growing?
Iridium Communications Inc. (IRDM) grew revenue by 4.9% over the past year. Growth has been modest.
Is IRDM profitable?
Yes, Iridium Communications Inc. (IRDM) is profitable, generating $105.6M in net income for fiscal year 2025 (13.1% net margin).
Dividend & Returns
Does IRDM pay dividends?
Yes, Iridium Communications Inc. (IRDM) pays a dividend with a yield of 1.14%. This makes it attractive for income-focused investors.
What is IRDM's return on equity?
Iridium Communications Inc. (IRDM) has a return on equity (ROE) of 22.0%. This is excellent, indicating efficient use of shareholder capital.
What is Iridium Communications Inc.'s free cash flow?
Iridium Communications Inc. (IRDM) generated $304.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.