NASDAQ : IRDM
Iridium Communications Inc. — Financial statements
Communication Services · Telecom Services · United States
Last price 44.87 USD (Oct 30, 2026, 12:52 PM EDT) · Market cap 4.76B
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Financial statements
Iridium Communications Inc. (IRDM) reported revenue of 902.97M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 902.97M | 871.66M | 830.68M | 790.72M | 721.03M | 614.50M |
| Cost of Revenue | 257.74M | 248.00M | 230.57M | 225.12M | 201.15M | 150.40M |
| Gross Profit | 645.23M | 623.66M | 600.12M | 565.60M | 519.88M | 464.10M |
| Selling, General & Admin | 229.58M | 157.71M | 168.18M | 143.71M | 123.50M | 100.47M |
| Research & Development | 21.63M | 19.76M | 28.42M | 20.27M | 16.22M | 11.88M |
| Operating Expenses | 473.64M | 387.68M | 399.73M | 446.48M | 443.21M | 417.79M |
| Operating Income | 171.59M | 235.98M | 200.38M | 119.13M | 76.68M | 46.31M |
| Interest Expense | -90.61M | -93.53M | -97.72M | -97.23M | -69.50M | -73.91M |
| Interest & Investment Income | 4.12M | 5.28M | 6.58M | 6.85M | 4.41M | |
| Earnings From Equity Investments | 101.05M | -2.82M | 15.25M | -6.09M | -1.50M | |
| Currency Exchange Gain (Loss) | -989.00K | -2.92M | 534.00K | 4.01M | ||
| Other Non Operating Income (Expenses) | 107.00K | -417.00K | ||||
| EBT Excluding Unusual Items | 185.16M | 141.99M | 125.03M | 26.66M | 10.20M | -28.01M |
| Asset Writedown | -37.50M | |||||
| Other Unusual Items | -1.19M | -879.00K | ||||
| Pretax Income | 185.16M | 141.99M | 125.03M | -10.84M | 9.01M | -28.89M |
| Income Tax Expense | 22.13M | 27.62M | 12.26M | -26.25M | 292.00K | -19.57M |
| Net Income | 163.03M | 114.37M | 112.78M | 15.41M | 8.72M | -9.32M |
| Net Income to Common | 163.03M | 114.37M | 112.78M | 15.41M | 8.72M | -9.32M |
| Shares Outstanding (Basic) | 106.26M | 107.24M | 118.57M | 125.60M | 128.25M | 133.53M |
| Shares Outstanding (Diluted) | 107.48M | 107.84M | 119.79M | 127.22M | 130.13M | 133.53M |
| EPS (Basic) | 1.53 | 1.07 | 0.95 | 0.12 | 0.07 | -0.07 |
| EPS (Diluted) | 1.52 | 1.06 | 0.94 | 0.12 | 0.07 | -0.07 |
| Free Cash Flow | 277.57M | 299.79M | 306.06M | 241.43M | 273.46M | 260.73M |
| Free Cash Flow Per Share | 2.58 | 2.78 | 2.56 | 1.90 | 2.10 | 1.95 |
| Dividend Per Share | 0.60 | 0.58 | 0.52 | 0.52 | ||
| Gross Margin | 71.46% | 71.55% | 72.24% | 71.53% | 72.10% | 75.52% |
| Operating Margin | 19.00% | 27.07% | 24.12% | 15.07% | 10.63% | 7.54% |
| Profit Margin | 18.05% | 13.12% | 13.58% | 1.95% | 1.21% | -1.52% |
| Free Cash Flow Margin | 30.74% | 34.39% | 36.84% | 30.53% | 37.93% | 42.43% |
| EBITDA | 394.01M | 446.19M | 403.51M | 401.63M | 380.16M | 351.75M |
| EBITDA Margin | 43.64% | 51.19% | 48.58% | 50.79% | 52.73% | 57.24% |
| D&A For EBITDA | 222.43M | 210.21M | 203.13M | 282.50M | 303.48M | 305.43M |
| EBIT | 171.59M | 235.98M | 200.38M | 119.13M | 76.68M | 46.31M |
| EBIT Margin | 19.00% | 27.07% | 24.12% | 15.07% | 10.63% | 7.54% |
| Effective Tax Rate | 11.95% | 19.45% | 9.80% | 3.24% | ||
| Revenue as Reported | 902.97M | 871.66M | 830.68M | 790.72M | 721.03M | 614.50M |
| Advertising Expenses | 1.40M | 1.30M | 1.40M | 1.70M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 97.85M | 96.50M | 93.53M | 71.87M | 168.77M | 320.91M |
| Cash & Short-Term Investments | 97.85M | 96.50M | 93.53M | 71.87M | 168.77M | 320.91M |
| Receivables | 118.83M | 93.77M | 98.80M | 91.72M | 82.27M | 63.41M |
| Inventory | 62.51M | 73.76M | 81.28M | 91.14M | 39.78M | 29.04M |
| Prepaid Expenses | 24.56M | 9.24M | 16.26M | 13.28M | 11.87M | 7.29M |
| Other Current Assets | 2.96M | 3.23M | 2.86M | 3.08M | 3.51M | 3.75M |
| Total Current Assets | 306.72M | 276.50M | 292.73M | 271.08M | 306.20M | 424.41M |
| Property, Plant & Equipment | 2.06B | 2.01B | 2.09B | 2.21B | 2.45B | 2.68B |
| Long-Term Investments | 5.51M | 56.77M | 89.82M | 133.63M | 142.15M | |
| Goodwill | 266.11M | 98.94M | 98.19M | |||
| Other Intangible Assets | 361.85M | 86.93M | 90.88M | 41.09M | 42.58M | 44.00M |
| Long-Term Deferred Tax Assets | 2.10M | |||||
| Other Long-Term Assets | 80.13M | 4.46M | 5.03M | 4.08M | 12.85M | 29.68M |
| Total Assets | 3.08B | 2.53B | 2.67B | 2.66B | 2.95B | 3.18B |
| Accounts Payable | 8.83M | 17.68M | 19.71M | 28.67M | 21.37M | 16.20M |
| Accrued Expenses | 83.13M | 45.40M | 59.77M | 50.50M | 64.18M | 44.42M |
| Short-Term Debt | 214.35M | 3.40M | 33.12M | 15.00M | 16.50M | 16.50M |
| Current Portion of Leases | 4.07M | 5.04M | 4.33M | 3.78M | 3.70M | |
| Current Unearned Revenue | 31.04M | 41.13M | 51.57M | 33.06M | 35.74M | 28.02M |
| Total Current Liabilities | 337.34M | 111.67M | 169.21M | 131.55M | 141.58M | 108.84M |
| Long-Term Debt | 1.92B | 1.76B | 1.76B | 1.47B | 1.47B | 1.58B |
| Long-Term Leases | 40.42M | 26.33M | 11.06M | 14.09M | 15.80M | 19.59M |
| Long-Term Unearned Revenue | 31.87M | 40.32M | 38.26M | 43.97M | 45.27M | 48.07M |
| Long-Term Deferred Tax Liabilities | 170.47M | 130.53M | 114.14M | 114.64M | 151.57M | 134.28M |
| Other Long-Term Liabilities | 2.44M | 4.39M | 1.94M | 559.00K | 560.00K | |
| Total Liabilities | 2.51B | 2.07B | 2.09B | 1.77B | 1.83B | 1.89B |
| Common Stock | 106.00K | 105.00K | 110.00K | 123.00K | 126.00K | 131.00K |
| Additional Paid-In Capital | 865.26M | 880.64M | 964.35M | 1.09B | 1.12B | 1.15B |
| Retained Earnings | -280.38M | -418.55M | -406.09M | -235.40M | -47.74M | 140.81M |
| Comprehensive Income & Other | -8.02M | 406.00K | 18.27M | 33.91M | 51.56M | -7.05M |
| Shareholders' Equity | 576.96M | 462.60M | 576.64M | 888.10M | 1.13B | 1.29B |
| Total Liabilities & Equity | 3.08B | 2.53B | 2.67B | 2.66B | 2.95B | 3.18B |
| Total Debt | 2.18B | 1.79B | 1.81B | 1.50B | 1.51B | 1.62B |
| Net Cash (Debt) | -2.08B | -1.69B | -1.71B | -1.43B | -1.34B | -1.30B |
| Net Cash Per Share | -19.37 | -15.71 | -14.30 | -11.23 | -10.28 | -9.74 |
| Filing Date Shares Outstanding | 106.16M | 104.96M | 108.84M | 122.45M | 125.97M | 128.37M |
| Total Common Shares Outstanding | 106.15M | 104.92M | 110.36M | 122.78M | 125.90M | 131.34M |
| Working Capital | -30.62M | 164.83M | 123.52M | 139.53M | 164.63M | 315.57M |
| Book Value Per Share | 5.44 | 4.41 | 5.23 | 7.23 | 8.96 | 9.81 |
| Tangible Book Value | -51.01M | 276.73M | 387.57M | 847.00M | 1.09B | 1.24B |
| Tangible Book Value Per Share | -0.48 | 2.64 | 3.51 | 6.90 | 8.63 | 9.47 |
| Land | 8.04M | 8.04M | 8.04M | 8.04M | 8.04M | |
| Buildings | 39.05M | 39.16M | 33.43M | 32.70M | 30.20M | |
| Machinery | 3.44B | 3.30B | 3.29B | 3.25B | 3.24B | |
| Construction In Progress | 204.06M | 280.78M | 261.23M | 312.80M | 266.66M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 163.03M | 114.37M | 112.78M | 15.41M | 8.72M | -9.32M |
| Depreciation & Amortization | 222.43M | 210.21M | 203.13M | 282.50M | 303.48M | 305.43M |
| Other Amortization | 2.79M | 2.78M | 2.52M | 3.74M | 4.60M | 4.20M |
| Asset Writedown & Restructuring Costs | 37.50M | |||||
| Loss (Gain) on Equity Investments | -101.05M | 2.82M | -15.25M | 6.09M | 1.50M | |
| Stock-Based Compensation | 56.56M | 51.58M | 63.46M | 57.45M | 43.73M | 26.78M |
| Other Operating Activities | 23.66M | 26.00M | 7.28M | -31.10M | 636.00K | -20.59M |
| Change in Accounts Receivable | -53.00K | 5.58M | -6.37M | -9.54M | -18.71M | -1.82M |
| Change in Inventory | 10.66M | 4.71M | 9.82M | -50.96M | -10.18M | 3.59M |
| Change in Accounts Payable | -8.37M | -4.71M | -18.81M | 2.76M | 4.73M | -2.17M |
| Change in Unearned Revenue | 3.02M | -10.24M | 6.84M | -2.96M | 4.87M | -7.53M |
| Change in Other Net Operating Assets | 17.62M | -3.03M | 10.55M | 4.01M | 1.35M | 4.30M |
| Operating Cash Flow | 390.30M | 400.07M | 375.95M | 314.91M | 344.73M | 302.87M |
| Capital Expenditures | -112.73M | -100.28M | -69.89M | -73.49M | -71.27M | -42.15M |
| Cash Acquisitions | -179.80M | -110.71M | ||||
| Investment in Securities | -10.00M | -50.00M | 5.76M | |||
| Investing Cash Flow | -292.53M | -100.28M | -180.60M | -83.49M | -121.27M | -36.38M |
| Short-Term Debt Issued | 50.00M | |||||
| Long-Term Debt Issued | 419.78M | 63.94M | 179.28M | |||
| Total Debt Issued | 100.00M | 50.00M | 419.78M | 63.94M | 179.28M | |
| Short-Term Debt Repaid | -50.00M | |||||
| Long-Term Debt Repaid | -33.02M | -114.19M | -72.31M | -116.50M | -195.78M | |
| Total Debt Repaid | -103.28M | -83.02M | -114.19M | -72.31M | -116.50M | -195.78M |
| Net Debt Issued (Repaid) | -3.28M | -33.02M | 305.59M | -8.38M | -116.50M | -16.50M |
| Issuance of Common Stock | 832.00K | 1.13M | 3.44M | 3.96M | 3.87M | 7.44M |
| Repurchase of Common Stock | -20.38M | -205.16M | -414.43M | -256.70M | -262.35M | -169.36M |
| Common Dividends Paid | -64.95M | -62.85M | -64.74M | -64.77M | ||
| Dividends Paid | -64.95M | -62.85M | -64.74M | -64.77M | ||
| Other Financing Activities | -345.00K | -1.16M | -4.05M | |||
| Financing Cash Flow | -87.78M | -299.91M | -170.48M | -327.05M | -374.98M | -182.47M |
| Foreign Exchange Rate Adjustments | -669.00K | 3.09M | -3.21M | -1.27M | -625.00K | -288.00K |
| Net Cash Flow | 9.32M | 2.98M | 21.66M | -96.90M | -152.14M | 83.73M |
| Free Cash Flow | 277.57M | 299.79M | 306.06M | 241.43M | 273.46M | 260.73M |
| Free Cash Flow Margin | 30.74% | 34.39% | 36.84% | 30.53% | 37.93% | 42.43% |
| Free Cash Flow Per Share | 2.58 | 2.78 | 2.56 | 1.90 | 2.10 | 1.95 |
| Levered Free Cash Flow | 217.97M | 245.67M | 282.22M | 213.04M | 283.76M | 272.79M |
| Unlevered Free Cash Flow | 271.81M | 301.34M | 340.77M | 270.08M | 322.60M | 314.78M |
| Cash Interest Paid | 87.08M | 90.16M | 95.31M | 91.94M | 63.88M | 72.19M |
| Cash Income Tax Paid | 8.08M | 7.01M | 5.25M | 4.22M | 2.22M | 1.78M |
| Change in Working Capital | 22.88M | -7.69M | 2.05M | -56.69M | -17.94M | -3.63M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.76B | 1.82B | 3.30B | 5.10B | 6.46B | 5.46B |
| Enterprise Value | 6.84B | 3.54B | 4.95B | 6.53B | 7.85B | 6.79B |
| Last Close Price | 44.91 | 17.16 | 27.91 | 38.82 | 47.98 | 38.54 |
| PE Ratio | 29.40 | 15.92 | 29.30 | 330.70 | 740.43 | |
| Forward PE | 48.67 | 17.38 | 35.94 | 243.41 | 279.10 | 78.75 |
| PS Ratio | 5.25 | 2.09 | 3.98 | 6.45 | 8.96 | 8.88 |
| PB Ratio | 8.26 | 3.94 | 5.73 | 5.74 | 5.72 | 4.24 |
| P/TBV Ratio | 6.58 | 8.52 | 6.02 | 5.95 | 4.39 | |
| P/FCF Ratio | 17.07 | 6.07 | 10.79 | 21.11 | 23.62 | 20.94 |
| P/OCF Ratio | 12.14 | 4.55 | 8.79 | 16.19 | 18.73 | 18.02 |
| PEG Ratio | 3.76 | 1.15 | 0.26 | 2.57 | 7.88 | 7.88 |
| EV/Sales Ratio | 7.55 | 4.06 | 5.96 | 8.26 | 10.88 | 11.06 |
| EV/EBITDA Ratio | 17.31 | 7.94 | 12.28 | 16.25 | 20.64 | 19.32 |
| EV/EBIT Ratio | 39.75 | 15.01 | 24.73 | 54.80 | 102.32 | 146.70 |
| EV/FCF Ratio | 24.57 | 11.81 | 16.19 | 27.04 | 28.69 | 26.06 |
| Debt / Equity Ratio | 3.78 | 3.87 | 3.13 | 1.69 | 1.33 | 1.26 |
| Debt / EBITDA Ratio | 5.45 | 3.96 | 4.41 | 3.69 | 3.91 | 4.54 |
| Debt / FCF Ratio | 7.85 | 5.97 | 5.90 | 6.22 | 5.51 | 6.22 |
| Net Debt / Equity Ratio | 3.61 | 3.66 | 2.97 | 1.61 | 1.19 | 1.01 |
| Net Debt / EBITDA Ratio | 5.28 | 3.80 | 4.25 | 3.56 | 3.52 | 3.70 |
| Net Debt / FCF Ratio | 7.50 | 5.65 | 5.60 | 5.92 | 4.89 | 4.99 |
| Asset Turnover | 0.32 | 0.34 | 0.31 | 0.28 | 0.23 | 0.19 |
| Inventory Turnover | 3.72 | 3.20 | 2.67 | 3.44 | 5.85 | 4.89 |
| Quick Ratio | 0.64 | 1.70 | 1.14 | 1.24 | 1.77 | 3.53 |
| Current Ratio | 0.91 | 2.48 | 1.73 | 2.06 | 2.16 | 3.90 |
| Return on Equity (ROE) | 31.74% | 22.01% | 15.40% | 1.53% | 0.72% | -0.69% |
| Return on Assets (ROA) | 3.81% | 5.67% | 4.70% | 2.65% | 1.56% | 0.89% |
| Return on Invested Capital (ROIC) | 6.38% | 8.55% | 7.85% | 4.98% | 2.94% | 1.71% |
| Return on Capital Employed (ROCE) | 6.30% | 9.80% | 8.00% | 4.70% | 2.70% | 1.50% |
| Earnings Yield | 3.40% | 6.28% | 3.41% | 0.30% | 0.14% | -0.17% |
| FCF Yield | 5.86% | 16.47% | 9.26% | 4.74% | 4.23% | 4.78% |
| Dividend Yield | 1.34% | 3.34% | 1.74% | 1.25% | ||
| Payout Ratio | 39.38% | 54.96% | 57.40% | 420.20% | ||
| Buyback Yield / Dilution | 2.72% | 9.98% | 5.83% | 2.24% | 2.54% | -0.03% |
| Total Shareholder Return | 4.06% | 13.32% | 7.57% | 3.50% | 2.54% | -0.03% |