IRDM
Iridium Communications Inc.16.87
-0.73-4.15%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Spectrum alliances buzzing; PNT upside
Q&A heated up on spectrum alliances, with Desch noting intense industry buzz around L-band for D2D and openness to deals boosting shareholders without ops disruption—new constellation not needed until 2031. Management clarified $200M opportunity from new products alone, separate from bigger themes; aviation tops M&A potential, PNT eyes cybersecurity expansion. PNT stays lumpy with 2026 upside baked into flat-to-2% guide, ASIC beta oversubscribed, already exceeding $10M annually. Golden Dome could yield engineering revenue this year. Spectrum talks are real. Answers reaffirmed growth narrative; watch PNT execution, NTN milestones.
Key Stats
Market Cap
1.79BP/E (TTM)
14.93Basic EPS (TTM)
1.13Dividend Yield
0.03%Recent Filings
8-K
Approves bonus, severance plans
Iridium Communications' Compensation Committee approved the Annual Performance Bonus Plan and Executive Severance Plan on February 26, 2026. Bonuses tie to corporate and personal goals, capped at 200% of target, payable in cash or RSUs. Severance offers CEO 18 months base plus prorated bonus without CIC, but jumps to 2X multiple with full equity vesting on change in control. Retention sharpened.
8-K
Iridium's 5% revenue growth
Iridium reported 2025 revenue of $871.7 million, up 5% year-over-year, with service revenue hitting $634.0 million on 3% subscriber growth to 2.537 million, fueled by 11% commercial IoT revenue surge. OEBITDA rose 5% to $495.3 million, yet Q4 dipped 2% to $115.3 million as equipment sales fell. Growth persists. 2026 guides flat-to-2% service revenue rise, OEBITDA at $480-490 million after cash incentive shift.
10-K
FY2025 results
Iridium delivered FY2025 revenue of $871.7M, up 5% y/y from $830.7M, with 2.54M billable subscribers (+3% y/y). Commercial service revenue hit $525.9M (+3%), fueled by IoT data growth to $181.4M (+9%, 1.998M subs) while broadband dipped to $50.7M (-10%). Government services steady at $108.0M; engineering/support soared 26% to $156.6M on SDA work. Q4 momentum showed in 77K net subscriber adds. Debt sits at $1.8B; $400M op cash flow covered $63M dividends, $185M buybacks, $100M capex. EMSS runs through Sep 2026. Satellite failures could cripple service.
8-K
Alterman joins Iridium board
Iridium Communications appointed Louis M. Alterman, CEO of Stratix and ex-CFO of Rackspace, as independent director on December 4, 2025, expanding its board to twelve. His telecom and tech expertise bolsters governance amid growth. Board also declared $0.15/share dividend, payable December 31 to December 15 record holders. Strategic hire. Alterman's term ends at 2026 annual meeting.
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