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Nasdaq · Communication Services

Iridium Communications Inc. (IRDM)

As-reported financials and SEC filings for Iridium Communications Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Iridium Communications Inc.

Iridium Communications Inc. provides global satellite voice, data, and positioning, navigation, and timing services using a network of 66 low-Earth orbit satellites. The company serves businesses, governments, non-governmental organizations, and consumers, especially in areas without reliable terrestrial communication infrastructure. Its services support various industries including maritime, aviation, emergency services, and government operations, and it also offers engineering and operational support to U.S. government agencies.

Snapshot

Revenue
$871.7M
Revenue growth (YoY)
4.9%
Net income
$114.4M
Diluted EPS
$1.06
Gross margin
Operating margin
27.1%
Net margin
13.1%
FCF margin
34.4%
ROE
24.7%
net income / fiscal-year-end equity
P/E
53.6×
trailing when available, otherwise FY EPS
Market cap
$4.94B
Long-term debt / equity
3.80×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Iridium Communications

  • Revenue grew 4.9% to $872M in FY2025, in line with the 5.1% the year before.
  • Operating margin is 27.1% in FY2025, +19.5 pp against 7.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $225M, up 3.8% from Q2 FY2025.
  • Free cash flow was $300M in FY2025, 34.4% of revenue.
  • Net income rose 1.4% to $114M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Iridium Communications’s fundamentals sit among the 216 Communication Services companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin27.1%
96th percentile of 185
Net margin13.1%
87th percentile of 191
FCF margin34.4%
98th percentile of 164
Revenue growth (YoY)+4.9%
55th percentile of 209
ROE24.7%
91st percentile of 165
P/E53.6×
77th percentile of 95
Long-term debt / equity3.80×
88th percentile of 101
Short interest2.83d
42nd percentile of 216

Iridium Communications’s FCF margin of 34.4% ranks in the 98th percentile of the 164 Communication Services companies reporting it. Iridium Communications’s operating margin of 27.1% ranks in the 96th percentile of the 185 Communication Services companies reporting it. Iridium Communications’s return on equity of 24.7% ranks in the 91st percentile of the 165 Communication Services companies reporting it.

No reported insider purchases (code P) in the last 90 days; 9 insider sales totaling $19.3M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
2
0 new, 2 added
Reduced / exited
8
7 trimmed, 1 exited
Combined position
$645.3M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$374.3M6.8MAdded
Gotham Asset ManagementQ2 2026$137.9M2.5MReduced
ARK Investment ManagementQ2 2026$66.6M1.2MReduced
Renaissance TechnologiesquantQ2 2026$33.4M609.8KAdded
Two Sigma InvestmentsquantQ2 2026$19.9M363.7KReduced
Millennium ManagementquantQ2 2026$8.4M153.2KReduced
Bridgewater AssociatesQ2 2026$2.4M43.5KReduced
D. E. ShawquantQ2 2026$2.1M39.1KReduced
Point72 Asset ManagementquantQ2 2026$78,6001.4KReduced

No longer held by: Citadel Advisors (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
9
$19.3M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-18
filed 2026-08-19
FITZPATRICK THOMASDirectorSell15.0K$49.20$740K
2026-08-17
filed 2026-08-19
FITZPATRICK THOMASDirectorSell209.2K$50.22$10.5M
2026-08-17
filed 2026-08-19
McBride Suzanne E.Chief Operations OfficerSell85.5K$50.28$4.3M
2026-08-17
filed 2026-08-19
Morgan Kathleen A.Chief Legal OfficerSell32.6K$50.34$1.6M
2026-08-17
filed 2026-08-19
Last Timothy JamesEVP, Sales & MarketingSell19.0K$50.33$957K
2026-08-17
filed 2026-08-19
Kapalka TimothyCAO Iridium Satellite LLCSell13.5K$50.51$681K
2026-08-17
filed 2026-08-19
Olson Eric TDirectorSell8.0K$50.61$405K
2026-08-17
filed 2026-08-19
Morgan Kathleen A.Chief Legal OfficerSell544$50.85$28K
2026-08-17
filed 2026-08-19
Last Timothy JamesEVP, Sales & MarketingSell500$50.88$25K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.9M
settled 2026-08-14
Change vs prior
-16.9%
vs previous settlement
Days to cover
2.83
at avg daily volume
Avg daily volume
1.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.9M-16.9%2.83
2026-07-313.5M+22.4%2.21
2026-07-152.8M-35.3%1.27
2026-06-304.4M-54.0%1.04
2026-06-159.5M+67.9%3.40
2026-05-295.7M-0.3%2.48
2026-05-155.7M+4.6%2.94
2026-04-305.4M-0.3%1.74

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$871.7M$830.7M$790.7M$721.0M$614.5M
Gross profit
Operating income$236.0M$200.4M$81.6M$76.7M$46.3M
Net income$114.4M$112.8M$15.4M$8.7M$-9.3M
Diluted EPS$1.06$0.94$0.12$0.07

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$400.1M$376.0M$314.9M$344.7M$302.9M
Capital expenditure$100.3M$69.9M$73.5M$71.3M$42.1M
Free cash flow$299.8M$306.1M$241.4M$273.5M$260.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$225.2M3.8%$9.7M$0.09
Q1 FY2026$219.1M1.9%$21.6M$0.20
Q4 FY2025$212.9M-0.0%$24.9M$0.24
Q3 FY2025$226.9M6.7%$37.1M$0.35
Q2 FY2025$216.9M7.9%$22.0M$0.20
Q1 FY2025$214.9M5.4%$30.4M$0.27
Q4 FY2024$213.0M9.4%$36.3M$0.31
Q3 FY2024$212.8M7.7%$24.4M$0.21

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorCommunication Services
SIC industryCommunications Services, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2017
SEC CIK1418819

Selected SEC filings

10-Q2026-07-22
View on EDGAR →
10-Q2026-04-23
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-07-22
View on EDGAR →
8-K2026-07-07
View on EDGAR →
8-K2026-06-29
View on EDGAR →

Largest Communication Services peers

All Communication Services companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.