Iridium Communications Inc. (IRDM) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 219.06M | 212.94M | 226.94M | 216.91M | 214.88M | 212.99M | 212.77M | 201.07M | 203.85M | 194.74M | 197.6M | 193.11M | 205.27M | 193.84M | 184.06M | 174.92M | 168.22M | 155.89M | 162.16M | 149.92M |
| Revenue Growth % | 1.94% | -0.02% | 6.66% | 7.88% | 5.41% | 9.37% | 7.68% | 4.12% | -0.69% | 0.47% | 7.36% | 10.4% | 22.03% | 24.34% | 13.51% | 16.68% | 14.8% | 6.4% | 7.06% | 6.95% |
| Cost of Goods Sold | 49.64M | 44.42M | 116.4M | 117.74M | 113.32M | 111.66M | 107.78M | 104.19M | 110.07M | 108.4M | 131.04M | 128.61M | 139.56M | 132.72M | 129.18M | 122.47M | 120.26M | 113.53M | 118.42M | 111.73M |
| COGS % of Revenue | 22.66% | 20.86% | 51.29% | 54.28% | 52.74% | 52.42% | 50.65% | 51.82% | 54% | 55.66% | 66.32% | 66.6% | 67.99% | 68.47% | 70.18% | 70.02% | 71.49% | 72.83% | 73.03% | 74.53% |
| Gross Profit | 169.42M | 168.51M | 110.54M | 99.16M | 101.56M | 101.33M | 104.99M | 96.88M | 93.78M | 86.34M | 66.56M | 64.49M | 65.71M | 61.12M | 54.88M | 52.45M | 47.95M | 42.35M | 43.74M | 38.19M |
| Gross Margin % | 77.34% | 79.14% | 48.71% | 45.72% | 47.26% | 47.58% | 49.35% | 48.18% | 46% | 44.34% | 33.68% | 33.4% | 32.01% | 31.53% | 29.82% | 29.98% | 28.51% | 27.17% | 26.97% | 25.47% |
| Gross Profit Growth % | 66.82% | 66.3% | 5.28% | 2.36% | 8.29% | 17.37% | 57.74% | 50.22% | 42.72% | 41.26% | 21.29% | 22.97% | 37.02% | 44.31% | 25.46% | 37.34% | 39.44% | 15.43% | 19.9% | 30.3% |
| Operating Expenses | 118.71M | 113.27M | 40.45M | 48.91M | 41.17M | 48.92M | 49.74M | 53.23M | 44.01M | 40.04M | 38.41M | 42.97M | 42.56M | 42.35M | 37.01M | 31.65M | 28.72M | 31.68M | 28.71M | 26.59M |
| OpEx % of Revenue | 54.19% | 53.19% | 17.83% | 22.55% | 19.16% | 22.97% | 23.38% | 26.48% | 21.59% | 20.56% | 19.44% | 22.25% | 20.73% | 21.85% | 20.1% | 18.09% | 17.07% | 20.32% | 17.71% | 17.74% |
| Selling, General & Admin | 45.78M | 41.82M | 35.51M | 44.63M | 35.75M | 40.4M | 43.55M | 46.72M | 36.81M | 34.31M | 33.37M | 37.34M | 38.68M | 36.6M | 32.14M | 28.66M | 26.1M | 27.95M | 25.9M | 23.97M |
| SG&A % of Revenue | 20.9% | 19.64% | 15.65% | 20.57% | 16.64% | 18.97% | 20.47% | 23.24% | 18.06% | 17.62% | 16.89% | 19.34% | 18.85% | 18.88% | 17.46% | 16.39% | 15.52% | 17.93% | 15.97% | 15.99% |
| Research & Development | 6.17M | 5.12M | 4.94M | 4.28M | 5.42M | 8.52M | 6.19M | 6.51M | 7.2M | 5.73M | 5.04M | 5.63M | 3.88M | 5.75M | 4.87M | 2.99M | 2.62M | 3.73M | 2.81M | 2.62M |
| R&D % of Revenue | 2.82% | 2.4% | 2.18% | 1.97% | 2.52% | 4% | 2.91% | 3.24% | 3.53% | 2.94% | 2.55% | 2.91% | 1.89% | 2.97% | 2.64% | 1.71% | 1.56% | 2.39% | 1.74% | 1.75% |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 50.71M | 55.25M | 70.08M | 50.26M | 60.39M | 52.41M | 55.25M | 43.65M | 49.77M | 46.3M | 28.16M | 21.53M | 23.15M | 18.77M | 17.87M | 20.8M | 19.23M | 10.67M | 15.03M | 11.6M |
| Operating Margin % | 23.15% | 25.95% | 30.88% | 23.17% | 28.1% | 24.61% | 25.97% | 21.71% | 24.42% | 23.77% | 14.25% | 11.15% | 11.28% | 9.69% | 9.71% | 11.89% | 11.43% | 6.85% | 9.27% | 7.73% |
| Operating Income Growth % | -16.02% | 5.41% | 26.85% | 15.15% | 21.33% | 13.22% | 96.24% | 102.73% | 115.01% | 146.61% | 57.52% | 3.51% | 20.36% | 75.88% | 18.93% | 79.38% | 113.32% | 109.29% | 18.03% | 98.95% |
| EBITDA | 104.45M | 107.98M | 123.06M | 103.09M | 112.06M | 103.86M | 106.41M | 94.42M | 99.52M | 99.08M | 104.98M | 98.6M | 98.97M | 94.52M | 94.27M | 96.48M | 94.89M | 86.84M | 92.72M | 87.26M |
| EBITDA Margin % | 47.68% | 50.71% | 54.23% | 47.53% | 52.15% | 48.76% | 50.01% | 46.96% | 48.82% | 50.88% | 53.13% | 51.06% | 48.21% | 48.76% | 51.22% | 55.16% | 56.41% | 55.71% | 57.18% | 58.21% |
| EBITDA Growth % | -6.78% | 3.96% | 15.64% | 9.19% | 12.6% | 4.82% | 1.36% | -4.24% | 0.55% | 4.83% | 11.36% | 2.2% | 4.29% | 8.84% | 1.68% | 10.56% | 11.74% | 7.19% | 4.9% | 7.08% |
| D&A (Non-Cash Add-back) | 53.74M | 52.73M | 52.98M | 52.84M | 51.67M | 51.45M | 51.16M | 50.78M | 49.74M | 52.79M | 76.83M | 77.07M | 75.82M | 75.75M | 76.4M | 75.68M | 75.66M | 76.17M | 77.69M | 75.67M |
| EBIT | 0 | 55.25M | 72.08M | 51.38M | 61.14M | 56.17M | 58.72M | 45.32M | 52.34M | 51.95M | 31.11M | -12.3M | 26.81M | 19.48M | 19.94M | 21.73M | 19.95M | 10.48M | 14.92M | 12.65M |
| Net Interest Income | 0 | -21.08M | -22.59M | -22.75M | -21.82M | -22.43M | -24.25M | -23.8M | -20.66M | -19.11M | -34.66M | -18.72M | -17.89M | -18.1M | -17.63M | -14.78M | -14.58M | -15.89M | -17.61M | -17.63M |
| Interest Income | 0 | 0 | 2.36M | 1.99M | 2.43M | 3.23M | 3.55M | 2.32M | 2.52M | 2.62M | 2.62M | 3.25M | 3.45M | 2.91M | 2.21M | 1.15M | 726K | 0 | 848K | 1.17M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 31.15M | 32.85M | 47.13M | 25.77M | 36.23M | 30.1M | 30.45M | 36.9M | 27.58M | 28.45M | -7.65M | -35.95M | 4.32M | -1.53M | 96K | 5.8M | 4.65M | -5.41M | -3.54M | -6.15M |
| Pretax Margin % | 14.22% | 15.43% | 20.77% | 11.88% | 16.86% | 14.13% | 14.31% | 18.35% | 13.53% | 14.61% | -3.87% | -18.62% | 2.11% | -0.79% | 0.05% | 3.32% | 2.76% | -3.47% | -2.19% | -4.1% |
| Income Tax | -8.83M | 7.99M | 10M | 3.81M | 5.82M | -6.24M | 6M | 4.57M | 7.93M | -9.58M | -6.01M | -5.21M | -5.45M | -721K | -2.05M | 1.24M | 1.82M | 473K | -1.46M | -9.98M |
| Effective Tax Rate % | -28.33% | 24.32% | 21.22% | 14.77% | 16.06% | -20.74% | 19.72% | 12.37% | 28.75% | -33.67% | 78.54% | 14.49% | -126.17% | 47.16% | -2138.54% | 21.42% | 39.24% | -8.74% | 41.18% | 162.32% |
| Net Income | 21.59M | 24.86M | 37.13M | 21.97M | 30.41M | 36.34M | 24.45M | 32.34M | 19.65M | 38.02M | -1.64M | -30.74M | 9.78M | -808K | 2.15M | 4.56M | 2.82M | -5.88M | -2.08M | 3.83M |
| Net Margin % | 9.86% | 11.68% | 16.36% | 10.13% | 14.15% | 17.06% | 11.49% | 16.08% | 9.64% | 19.53% | -0.83% | -15.92% | 4.76% | -0.42% | 1.17% | 2.61% | 1.68% | -3.77% | -1.29% | 2.56% |
| Net Income Growth % | -29% | -31.58% | 51.87% | -32.06% | 54.74% | -4.42% | 1588.79% | 205.19% | 101.05% | 4805.82% | -176.41% | -774.59% | 246.14% | 86.27% | 203.07% | 18.89% | 154.49% | 25.75% | 47.94% | 130.86% |
| Net Income (Continuing) | 21.59M | 24.86M | 37.13M | 21.97M | 30.41M | 36.34M | 24.45M | 32.34M | 19.65M | 38.02M | -1.64M | -30.74M | 9.78M | -808K | 2.15M | 4.56M | 2.82M | -5.88M | -2.08M | 3.83M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.20 | 0.24 | 0.35 | 0.20 | 0.27 | 0.32 | 0.21 | 0.27 | 0.16 | 0.31 | -0.01 | -0.24 | 0.08 | -0.01 | 0.02 | 0.04 | 0.02 | -0.04 | -0.02 | 0.03 |
| EPS Growth % | -25.93% | -25% | 66.67% | -25.93% | 68.75% | 3.23% | 1703.05% | 212.5% | 110.8% | - | -178.92% | -700% | 254.67% | 84% | 205.73% | 33.33% | 155.73% | 32.43% | 47.49% | 132.15% |
| EPS (Basic) | 0.20 | 0.24 | 0.35 | 0.20 | 0.28 | 0.32 | 0.21 | 0.27 | 0.16 | 0.31 | -0.01 | -0.24 | 0.08 | -0.01 | 0.02 | 0.04 | 0.02 | -0.04 | -0.02 | 0.03 |
| Diluted Shares Outstanding | 106.56M | 104.81M | 106.48M | 108.18M | 110.67M | 115.39M | 118.11M | 121.24M | 123.99M | 122.78M | 125.18M | 126.24M | 128.74M | 125.9M | 129.07M | 129.61M | 131.84M | 147.1M | 132.87M | 134.98M |
| Basic Shares Outstanding | 105.77M | 104.48M | 106.09M | 107.81M | 109.76M | 115.8M | 117.45M | 120.61M | 123.15M | 122.78M | 125.18M | 126.24M | 127.06M | 125.9M | 127.7M | 128.35M | 128.03M | 131.34M | 132.87M | 133.37M |
| Dividend Payout Ratio | - | 64.3% | 43.29% | 68.86% | 51.52% | 43.03% | 66.82% | 51.69% | 81.69% | 42.01% | - | - | 168.06% | - | - | - | - | - | - | - |