Iridium Communications $IRDM

Communication Services

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Iridium Communications (IRDM) is a Communication Services company in the Russell 1000. Latest news and coverage below.

Iridium Communications revenue & net income history (FY2016–FY2025)

RevenueNet income
$871.7M$354.8M−$162.0MFY2016 revenue: $433.6MFY2016 net income: $111.0M'16FY2017 revenue: $448.0MFY2017 net income: $233.9M'17FY2018 revenue: $523.0MFY2018 net income: −$13.4M'18FY2019 revenue: $560.4MFY2019 net income: −$162.0M'19FY2020 revenue: $583.4MFY2020 net income: −$56.1M'20FY2021 revenue: $614.5MFY2021 net income: −$9.32M'21FY2022 revenue: $721.0MFY2022 net income: $8.72M'22FY2023 revenue: $790.7MFY2023 net income: $15.4M'23FY2024 revenue: $830.7MFY2024 net income: $112.8M'24FY2025 revenue: $871.7MFY2025 net income: $114.4M'25
Iridium Communications annual financial statements
FY2016Dec 2016FY2017Dec 2017FY2018Dec 2018FY2019Dec 2019FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$433.6M$448.0M$523.0M$560.4M$583.4M$614.5M$721.0M$790.7M$830.7M$871.7M
Growth (year over year)+5.4%+3.3%+16.7%+7.2%+4.1%+5.3%+17.3%+9.7%+5.1%+4.9%
Gross profit$389.4M$403.6M————————
Gross margin89.8%90.1%————————
Operating income$176.4M$115.5M$41.7M$10.1M$35.5M$46.3M$76.7M$81.6M$200.4M$236.0M
Operating margin40.7%25.8%8.0%1.8%6.1%7.5%10.6%10.3%24.1%27.1%
Net income$111.0M$233.9M−$13.4M−$162.0M−$56.1M−$9.32M$8.72M$15.4M$112.8M$114.4M
Net margin25.6%52.2%−2.6%−28.9%−9.6%−1.5%1.2%1.9%13.6%13.1%
EPS (diluted)$0.89$1.82−$0.22−$1.33−$0.42−$0.07$0.07$0.12$0.94$1.06
Balance sheet
Cash and equivalents$371.2M$285.9M$273.4M$223.6M$237.2M$320.9M$168.8M$71.9M$93.5M$96.5M
Total assets$3.50B$3.78B$4.01B$3.62B$3.36B$3.18B$2.95B$2.66B$2.67B$2.53B
Total liabilities$2.16B$2.19B$2.41B$2.16B$1.94B$1.89B$1.83B$1.77B$2.09B$2.07B
Long-term debt$1.80B$1.62B$1.83B$1.77B$1.61B$1.60B$1.47B$1.47B$1.76B$1.76B
Shareholders' equity$1.34B$1.60B$1.60B$1.46B$1.42B$1.29B$1.13B$888.1M$576.6M$462.6M
Cash flow
Operating cash flow$225.2M$259.6M$263.7M$198.1M$249.8M$302.9M$344.7M$314.9M$376.0M$400.1M
Capital expenditure$405.7M$400.1M$391.4M$117.8M$38.7M$42.1M$71.3M$73.5M$69.9M$100.3M
Free cash flow−$180.5M−$140.5M−$127.7M$80.3M$211.1M$260.7M$273.5M$241.4M$306.1M$299.8M
Dividends paid—————$0$0$64.8M$64.7M$62.9M
Share buybacks———$0$0$163.4M$257.1M$247.0M$407.7M$186.5M

From Iridium Communications's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Iridium Communications

Iridium Communications Inc. is a publicly traded American satellite communications company headquartered in McLean, Virginia. Its principal operating subsidiary is Iridium Satellite LLC. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are operational satellites and fourteen function as in-orbit spares. Iridium satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers. The company is also developing standards-based direct-to-device satellite connectivity for conventional mobile and Internet of things devices. Iridium's satellites also host the space-based Automatic Dependent Surveillance–Broadcast (ADS-B) receivers operated by Aireon, which became a wholly owned subsidiary of Iridium in 2026. The nearly polar orbits and communication between satellites via inter-satellite links provide global service availability.

Source: Wikipedia — Iridium Communications

Headquarters
McLean, Virginia From SEC filings, Oct 2026

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