Iridium Communications Inc
16.93-0.39 (-2.25%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · IRDM · USD
Key Stats
Market Cap
1.77BP/E (TTM)
14.98Basic EPS (TTM)
1.13Dividend Yield
0.03%Recent Filings
10-Q
Q3 FY2025 results
Iridium Communications posted solid Q3 2025 results, with total revenue climbing 7% year-over-year to $226.9 million, fueled by a 31% surge in engineering and support services to $40.2 million from government contracts like the Space Development Agency, while services revenue edged up 3% to $165.2 million on IoT and voice growth. Operating income jumped 28% to $70.1 million, lifting diluted EPS to $0.35 from $0.21, with the figure reconciling neatly to 106.5 million weighted shares. Cash from operations hit $291.5 million year-to-date, funding $66.8 million in capex for free cash flow of $224.7 million (derived), yet $1.8 billion in long-term debt at SOFR plus 2.25% looms large alongside $88.5 million in cash. The Satelles acquisition closed April 2024 for $110.7 million net cash, adding $98.9 million goodwill and PNT revenue streams. Revenue relies heavily on U.S. government deals, vulnerable to shutdowns or non-renewals.
8-K
Iridium Q3 revenue up 7%
Iridium Communications reported Q3 2025 total revenue of $226.9 million, up 7% year-over-year, driven by 3% service revenue growth to $165.2 million and 31% surge in engineering and support to $40.2 million from U.S. government contracts. Operational EBITDA climbed 10% to $136.6 million, while billable subscribers hit 2,542,000, up 2%, fueled by commercial IoT gains. Strong cash flow enabled a 5% full-year dividend hike. Yet, subscriber additions slowed 14% to 59,000.
10-Q
Q2 FY2025 results
Iridium Communications posted solid Q2 FY2025 results, with total revenue climbing 8% year-over-year to $216.9M, fueled by a 62% surge in engineering and support services to $41.9M from government contracts like the Space Development Agency deal, while services revenue edged up 2% to $155.6M on IoT growth. Operating income rose 15% to $50.3M, though net income dipped 32% to $22.0M due to a prior-year gain on the Satelles acquisition; diluted EPS held at $0.20, consistent with 108.2M weighted shares. Cash from operations hit $190.7M year-to-date, funding $45.3M in capex and yielding $145.4M free cash flow, with $79.3M in cash against $1.8B long-term debt at SOFR plus 2.25% maturing 2030 and $50M drawn on the revolver. Satelles closed in April 2024 for term loan proceeds, adding PNT capabilities and $98.9M goodwill. Yet regulatory shifts, like the new OBBBA tax act, could tweak future tax benefits.
8-K
Iridium Q2 earnings and dividend boost
Iridium Communications reported Q2 2025 net income of $22.0 million, down from $32.3 million last year due to a one-time $19.8 million acquisition gain that didn't recur, yet total revenue climbed 8% to $216.9 million on 2% service growth to $155.6 million and surging engineering revenue. Billable subscribers hit 2,483,000, up 3% year-over-year, fueled by commercial IoT. The board hiked the quarterly dividend to $0.15 per share, payable September 30, signaling confidence amid updated 2025 service growth guidance of 3-5%.
8-K
Iridium appoints cybersecurity expert
Iridium Communications appointed Monique Shivanandan to its board on June 17, 2025, expanding the board to eleven members; she joins the Compensation Committee as an independent director. With deep expertise in cybersecurity from roles at HSBC and Chubb, plus early telecom stints at BellSouth and BT, Shivanandan bolsters governance amid rising digital threats. Her term ends at the 2026 annual meeting. No related transactions disclosed.
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