IRDM

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Iridium Communications Inc

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Key Metrics

Previous Close: $47.87
52-Week Range: $15.65 – $57.18
Market Cap: $5.19B
P/E (TTM): 55.64
EPS (TTM): 0.88
Dividend Yield: 1.23%

Advanced Metrics

Price/Book: 10.98
PEG Ratio: 1.91
Return on Equity: 19.71%
Return on Assets: 5.11%
Gross Margin: 71.85%
Operating Margin: 15.10%
Profit Margin: 10.55%
Current Ratio: 2.78
Debt/Equity: 3.79
Total Debt: $1.79B
Free Cash Flow: $239.21M
Revenue Growth: 3.80%
Earnings Growth: -55.00%
Enterprise Value: $6.79B

IRDM Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$721.03M	$790.72M	$830.68M	$871.66M
Cost of Revenue	$201.15M	$225.12M	$230.57M	$248.00M
Gross Profit	$519.88M	$565.60M	$600.12M	$623.66M
Research & Development	$16.22M	$20.27M	$28.42M	$19.76M
Selling, General & Admin	$123.50M	$143.71M	$168.18M	$157.71M
Operating Expenses	$443.21M	$483.98M	$399.73M	$387.68M
Operating Income	$76.68M	$81.63M	$200.38M	$235.98M
EBITDA	$379.08M	$405.64M	$404.05M	$443.27M
Pretax Income	$10.51M	-$4.75M	$109.78M	$144.81M
Income Tax	$292.00K	-$26.25M	$12.26M	$27.62M
Net Income	$8.72M	$15.41M	$112.78M	$114.37M
Diluted EPS	0.07	0.12	0.94	1.06
Diluted Shares	125.90M	128.46M	119.97M	107.90M

IRDM Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$168.77M	$71.87M	$93.53M	$96.50M
Receivables	$82.27M	$91.72M	$98.80M	$93.77M
Inventory	$39.78M	$91.14M	$81.28M	$73.76M
Current Assets	$306.20M	$271.08M	$292.73M	$276.50M
Total Assets	$2.95B	$2.66B	$2.67B	$2.53B
Current Liabilities	$141.58M	$131.55M	$169.21M	$111.67M
Long-Term Debt	$1.47B	$1.47B	$1.76B	$1.76B
Total Debt	$1.49B	$1.48B	$1.79B	$1.76B
Total Liabilities	$1.83B	$1.77B	$2.09B	$2.07B
Retained Earnings	-$47.74M	-$235.40M	-$406.09M	-$418.55M
Shareholders' Equity	$1.13B	$888.10M	$576.64M	$462.60M
Working Capital	$164.63M	$139.53M	$123.52M	$164.83M
Net Debt	$1.32B	$1.41B	$1.70B	$1.66B

IRDM Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$344.73M	$314.91M	$375.95M	$400.07M
Capital Expenditure	-$71.27M	-$73.49M	-$69.89M	-$100.28M
Free Cash Flow	$273.46M	$241.43M	$306.06M	$299.79M
Depreciation & Amortisation	$303.48M	$320.00M	$203.13M	$210.21M
Stock-Based Compensation	$43.73M	$57.45M	$63.46M	$51.58M
Investing Cash Flow	-$121.27M	-$83.49M	-$180.60M	-$100.28M
Financing Cash Flow	-$374.98M	-$327.05M	-$170.48M	-$299.91M
Dividends Paid	$0.00	-$64.77M	-$64.74M	-$62.85M
Share Repurchases	-$257.06M	-$247.02M	-$407.73M	-$186.47M
Net Change in Cash	-$151.52M	-$95.63M	$24.87M	-$117.00K

IRDM Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$216.91M	$226.94M	$212.94M	$219.06M	$225.24M
Cost of Revenue	$64.91M	$63.42M	$58.02M	$62.65M	$64.79M
Gross Profit	$152.00M	$163.51M	$154.92M	$156.41M	$160.44M
Research & Development	$4.28M	$4.94M	$5.12M	$6.17M	$5.53M
Selling, General & Admin	$44.63M	$35.51M	$41.82M	$45.78M	$67.04M
Operating Expenses	$101.74M	$93.43M	$99.67M	$105.69M	$126.44M
Operating Income	$50.26M	$70.08M	$55.25M	$50.71M	$34.01M
EBITDA	$102.22M	$123.43M	$107.25M	$104.26M	$87.42M
Pretax Income	$26.64M	$47.86M	$33.44M	$31.15M	$14.31M
Income Tax	$3.81M	$10.00M	$7.99M	$8.83M	$3.13M
Net Income	$21.97M	$37.13M	$24.86M	$21.59M	$9.68M
Diluted EPS	0.20	0.35	0.24	0.20	0.09
Diluted Shares	108.18M	106.48M	104.92M	106.56M	108.47M

IRDM Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$79.31M	$88.53M	$96.50M	$111.64M	$184.21M
Receivables	$81.05M	$94.49M	$93.77M	$104.38M	$104.52M
Inventory	$77.41M	$76.19M	$73.76M	$69.67M	$63.47M
Current Assets	$255.42M	$275.96M	$276.50M	$309.14M	$377.07M
Total Assets	$2.57B	$2.55B	$2.53B	$2.53B	$2.57B
Current Liabilities	$101.81M	$103.25M	$111.67M	$108.44M	$135.53M
Long-Term Debt	$1.81B	$1.81B	$1.76B	$1.75B	$1.75B
Total Debt	$1.81B	$1.81B	$1.76B	$1.76B	$1.76B
Total Liabilities	$2.09B	$2.10B	$2.07B	$2.06B	$2.09B
Retained Earnings	-$446.67M	-$443.42M	-$418.55M	-$396.96M	-$387.28M
Shareholders' Equity	$473.62M	$450.50M	$462.60M	$468.35M	$472.51M
Working Capital	$153.61M	$172.71M	$164.83M	$200.69M	$241.53M
Net Debt	$1.73B	$1.72B	$1.66B	$1.65B	$1.58B

IRDM Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$129.62M	$100.78M	$108.59M	$71.61M	$114.15M
Capital Expenditure	-$20.71M	-$21.54M	-$33.49M	-$29.95M	-$21.84M
Free Cash Flow	$108.91M	$79.25M	$75.11M	$41.66M	$92.31M
Depreciation & Amortisation	$52.84M	$52.98M	$52.73M	$53.74M	$53.86M
Stock-Based Compensation	$19.09M	$13.15M	$7.59M	$11.38M	$17.36M
Investing Cash Flow	-$20.71M	-$21.54M	-$33.49M	-$29.95M	-$21.84M
Financing Cash Flow	-$81.55M	-$69.82M	-$67.48M	-$26.34M	-$20.61M
Dividends Paid	-$15.13M	-$16.07M	-$15.99M	-$16.53M	-$16.20M
Share Repurchases	-$65.59M	-$50.43M	$30.00K	$0.00	$0.00
Net Change in Cash	$27.36M	$9.43M	$7.62M	$15.32M	$71.70M

Market Snapshot

About

Iridium Communications operates the only truly global satellite communications network, providing voice and data services anywhere on Earth. The company's constellation of low-earth orbit satellites enables connectivity for maritime, aviation, government/military, emergency services, and remote enterprise operations. Iridium offers push-to-talk, broadband data, IoT services, and hosted payload solutions through a network of partners and distributors. The company completed its next-generation Iridium NEXT satellite constellation replacement, ensuring continued global coverage with enhanced capabilities for decades to come.