Iridium Communications Inc. (IRDM) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 309.14M | 276.5M | 275.96M | 255.42M | 256.75M | 292.73M | 354.87M | 264.42M | 376.79M | 271.08M | 252.93M | 268.68M | 278.73M | 306.2M | 358.23M | 342.82M | 351.42M | 424.41M | 392.57M | 318.04M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 111.64M | 96.5M | 88.53M | 79.31M | 50.9M | 93.53M | 159.59M | 63.54M | 174.03M | 71.87M | 67.88M | 103.46M | 126.59M | 168.77M | 218.76M | 227.2M | 232.01M | 320.91M | 287M | 213.41M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 5.99M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 40.71 | 40.67 | 35.58 | 39.12 | 42.77 | 42.17 | 41.65 | 42.82 | 41.23 | 45.46 | 44.9 | 45.42 | 40.1 | 40.13 | 40.45 | 40.33 | 38.38 | 39.48 | 38.11 | 37.59 |
| Inventory | 69.67M | 73.76M | 76.19M | 77.41M | 80.69M | 81.28M | 82.23M | 85.81M | 92.54M | 91.14M | 71.14M | 55.76M | 37.34M | 39.78M | 39.22M | 27.79M | 28.24M | 29.04M | 23.39M | 28.29M |
| Days Inventory Outstanding | 130.03 | 155.27 | 60.7 | 61.09 | 64.32 | 67.36 | 71.72 | 77.89 | 75.92 | 68.86 | 44.55 | 32.94 | 24.86 | 27.38 | 23.86 | 20.82 | 21.43 | 21.24 | 20.08 | 23.75 |
| Other Current Assets | 23.44M | 3.23M | 16.75M | 17.66M | 19.73M | 19.12M | 16.6M | 18.87M | 17.2M | 16.36M | 13.2M | 17.32M | 14.16M | 15.38M | 13.39M | 12.83M | 11.11M | 11.04M | 9.79M | 6.4M |
| Total Non-Current Assets | 2.22B | 2.25B | 2.28B | 2.31B | 2.35B | 2.38B | 2.4B | 2.45B | 2.36B | 2.39B | 2.45B | 2.51B | 2.59B | 2.65B | 2.7B | 2.73B | 2.73B | 2.76B | 2.81B | 2.88B |
| Property, Plant & Equipment | 1.95B | 2.01B | 1.99B | 2.02B | 2.05B | 2.09B | 2.1B | 2.13B | 2.16B | 2.21B | 2.23B | 2.29B | 2.38B | 2.45B | 2.48B | 2.54B | 2.6B | 2.68B | 2.72B | 2.79B |
| Fixed Asset Turnover | 0.11x | 0.11x | 0.11x | 0.11x | 0.10x | 0.10x | 0.10x | 0.09x | 0.09x | 0.09x | 0.09x | 0.08x | 0.08x | 0.08x | 0.07x | 0.07x | 0.06x | 0.06x | 0.06x | 0.05x |
| Goodwill | 98.94M | 98.94M | 98.94M | 98.94M | 98.94M | 98.19M | 100.33M | 100.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 84.8M | 86.93M | 87.92M | 88.9M | 89.89M | 90.88M | 93.24M | 95.61M | 40.98M | 41.09M | 41.41M | 41.93M | 42.19M | 42.58M | 42.84M | 43.22M | 43.61M | 44M | 44.36M | 44.75M |
| Long-Term Investments | 39.02M | 56.77M | 63.45M | 71.01M | 79M | 89.82M | 84.69M | 111.23M | 140.36M | 133.63M | 162.16M | 161.75M | 151.12M | 142.15M | 176.4M | 59.9M | 13.6M | 4.9M | 2.3M | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 2.53B | 2.53B | 2.55B | 2.57B | 2.61B | 2.67B | 2.75B | 2.72B | 2.74B | 2.66B | 2.71B | 2.78B | 2.87B | 2.95B | 3.06B | 3.08B | 3.08B | 3.18B | 3.21B | 3.2B |
| Asset Turnover | 0.09x | 0.08x | 0.09x | 0.08x | 0.08x | 0.08x | 0.08x | 0.07x | 0.08x | 0.07x | 0.07x | 0.07x | 0.07x | 0.06x | 0.06x | 0.06x | 0.05x | 0.05x | 0.05x | 0.05x |
| Asset Growth % | -2.99% | -5.26% | -7.17% | -5.5% | -4.59% | 0.36% | 1.68% | -2.26% | -4.73% | -9.89% | -11.65% | -9.63% | -6.68% | -7.13% | -4.47% | -3.88% | -5.8% | -5.36% | -4.74% | -5.12% |
| Total Current Liabilities | 108.44M | 111.67M | 103.25M | 101.81M | 129.31M | 169.21M | 135.31M | 117.51M | 113M | 131.55M | 119M | 124.24M | 116.32M | 141.58M | 126.84M | 105.99M | 95.69M | 108.84M | 93.46M | 86.91M |
| Accounts Payable | 11.77M | 17.68M | 13.15M | 11.55M | 11.42M | 19.71M | 13.56M | 15.03M | 22.55M | 28.67M | 14.44M | 24.85M | 23.67M | 21.37M | 28.45M | 14.11M | 15.1M | 16.2M | 10.93M | 9.87M |
| Days Payables Outstanding | 26.69 | 31.92 | 9.76 | 8.88 | 12.36 | 13.71 | 12.2 | 16.41 | 21.17 | 18.29 | 13.79 | 17.17 | 14.52 | 17.27 | 15.16 | 10.85 | 11.71 | 10.99 | 8.08 | 8.05 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 50.58M | 41.13M | 48.57M | 44.55M | 43.92M | 59.77M | 55.76M | 44.58M | 42.93M | 50.5M | 59.23M | 48.98M | 43.4M | 64.18M | 46.07M | 40.56M | 35.17M | 44.42M | 39.79M | 36.41M |
| Current Ratio | 2.85x | 2.48x | 2.67x | 2.51x | 1.99x | 1.73x | 2.62x | 2.25x | 3.33x | 2.06x | 2.13x | 2.16x | 2.40x | 2.16x | 2.82x | 3.23x | 3.67x | 3.90x | 4.20x | 3.66x |
| Quick Ratio | 2.21x | 1.82x | 1.93x | 1.75x | 1.36x | 1.25x | 2.01x | 1.52x | 2.52x | 1.37x | 1.53x | 1.71x | 2.08x | 1.88x | 2.52x | 2.97x | 3.38x | 3.63x | 3.95x | 3.33x |
| Cash Conversion Cycle | 144.05 | 164.02 | 86.52 | 91.34 | 94.73 | 95.82 | 101.17 | 104.3 | 95.98 | 96.02 | 75.65 | 61.19 | 50.44 | 50.25 | 49.16 | 50.3 | 48.1 | 49.74 | 50.11 | 53.28 |
| Total Non-Current Liabilities | 1.96B | 1.96B | 2B | 1.99B | 1.96B | 1.93B | 1.95B | 1.81B | 1.77B | 1.64B | 1.66B | 1.66B | 1.67B | 1.68B | 1.79B | 1.79B | 1.79B | 1.78B | 1.79B | 1.8B |
| Long-Term Debt | 0 | 1.76B | 1.81B | 1.81B | 1.78B | 1.76B | 1.78B | 1.63B | 1.59B | 1.47B | 1.47B | 1.46B | 1.47B | 1.47B | 1.57B | 1.58B | 1.58B | 1.58B | 1.58B | 1.59B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 2.06B | 2.07B | 2.1B | 2.09B | 2.09B | 2.09B | 2.09B | 1.93B | 1.88B | 1.77B | 1.78B | 1.78B | 1.79B | 1.83B | 1.92B | 1.9B | 1.89B | 1.89B | 1.88B | 1.89B |
| Total Debt | 7.97M | 1.76B | 1.81B | 1.81B | 1.81B | 1.81B | 1.79B | 1.65B | 1.6B | 1.5B | 1.48B | 1.48B | 1.48B | 1.51B | 1.59B | 1.59B | 1.6B | 1.62B | 1.6B | 1.61B |
| Net Debt | -103.68M | 1.66B | 1.72B | 1.73B | 1.76B | 1.71B | 1.64B | 1.59B | 1.43B | 1.43B | 1.41B | 1.38B | 1.36B | 1.34B | 1.37B | 1.36B | 1.36B | 1.3B | 1.31B | 1.39B |
| Debt / Equity | 0.02x | 3.81x | 4.02x | 3.82x | 3.49x | 3.13x | 2.70x | 2.10x | 1.88x | 1.69x | 1.60x | 1.48x | 1.37x | 1.34x | 1.39x | 1.35x | 1.34x | 1.26x | 1.21x | 1.22x |
| Debt / EBITDA | 0.08x | 16.30x | 14.71x | 17.55x | 16.13x | 17.40x | 16.87x | 17.48x | 16.12x | 15.15x | 14.12x | 15.02x | 15.00x | 15.94x | 16.86x | 16.50x | 16.81x | 18.67x | 17.27x | 18.41x |
| Net Debt / EBITDA | -0.99x | 15.41x | 13.99x | 16.78x | 15.67x | 16.50x | 15.37x | 16.81x | 14.37x | 14.42x | 13.47x | 13.97x | 13.72x | 14.16x | 14.54x | 14.15x | 14.36x | 14.97x | 14.17x | 15.97x |
| Interest Coverage | 2.62x | 2.62x | 2.89x | 2.08x | 2.52x | 2.19x | 2.11x | 1.74x | 2.26x | 2.39x | 0.83x | -0.56x | 1.26x | 0.93x | 1.00x | 1.36x | 1.30x | 0.66x | 0.81x | 0.67x |
| Total Equity | 468.35M | 462.6M | 450.5M | 473.62M | 518.45M | 576.64M | 663.76M | 786.7M | 853.68M | 888.1M | 925M | 1B | 1.09B | 1.13B | 1.15B | 1.18B | 1.19B | 1.29B | 1.32B | 1.31B |
| Equity Growth % | -9.66% | -19.78% | -32.13% | -39.8% | -39.27% | -35.07% | -28.24% | -21.35% | -21.36% | -21.31% | -19.22% | -15.32% | -8.91% | -12.38% | -13.37% | -10.13% | -12.61% | -9.26% | -6.62% | -6.74% |
| Book Value per Share | 4.40 | 4.41 | 4.23 | 4.38 | 4.68 | 5.00 | 5.62 | 6.49 | 6.88 | 7.23 | 7.39 | 7.92 | 8.43 | 8.96 | 8.87 | 9.11 | 9.04 | 8.76 | 9.95 | 9.74 |
| Total Shareholders' Equity | 468.35M | 462.6M | 450.5M | 473.62M | 518.45M | 576.64M | 663.76M | 786.7M | 853.68M | 888.1M | 925M | 1B | 1.09B | 1.13B | 1.15B | 1.18B | 1.19B | 1.29B | 1.32B | 1.31B |
| Common Stock | 106K | 105K | 105K | 106K | 109K | 110K | 114K | 119K | 122K | 123K | 124K | 125K | 126K | 126K | 126K | 127K | 128K | 131K | 132K | 132K |
| Retained Earnings | -396.96M | -418.55M | -443.42M | -446.67M | -425.22M | -406.09M | -355.47M | -292.18M | -256.32M | -235.4M | -233.59M | -170.48M | -83.12M | -47.74M | -37.76M | 21.01M | 42.92M | 140.81M | 176.46M | 180.56M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.71M | 406K | 4.41M | 9.3M | 13.25M | 18.27M | 15.38M | 35.07M | 40.24M | 33.91M | 53.23M | 51.93M | 42M | 51.56M | 57.03M | 31.86M | 22.21M | -7.05M | -10.23M | -12.68M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |