Companies / IRDM
Iridium Communications Inc. reported revenue of $830.68M for fiscal 2024, up 5.1% from fiscal 2023. Net income was $112.78M and free cash flow was $306.06M.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $614.50M | $721.03M | $790.72M | $830.68M | — |
| Operating income | $46.31M | $76.68M | $81.63M | $200.38M | — |
| Net income | -$9.32M | $8.72M | $15.41M | $112.78M | — |
| Cash from operations | $302.87M | $344.73M | $314.91M | $375.95M | $400.07M |
| Free cash flow | $260.73M | $273.46M | $241.43M | $306.06M | $299.79M |
| Fiscal quarter | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $212.99M | $214.88M | $216.91M | $226.94M | $871.00M | $219.06M | $225.24M | $245.73M |
| Net income | $36.34M | $30.41M | $21.97M | $37.13M | $114.28M | $21.59M | $9.68M | $106.90M |
| Diluted EPS | — | $0.27 | $0.20 | $0.35 | $0.24 | $0.20 | $0.09 | $0.98 |
As Iridium Communications Inc. reports them, quarter by quarter.
| Fiscal quarter | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 |
|---|---|---|---|---|---|---|---|---|
| Commercial Broadband Subscribers | 16,600 | 16,300 | 16,300 | 16,300 | 16,100 | 16,100 | 16,000 | 16,000 |
| Commercial IoT data subscribers growth | 10% | 7% | 5% | 5% | 6% | 7% | 9% | 9% |
| Commercial billable subscribers | 2.3M | 2.3M | 2.4M | 2.4M | 2.4M | 2.4M | 2.5M | 2.6M |
| Commercial voice and data subscribers | 415,000 | 409,000 | 415,000 | 411,000 | 402,000 | 399,000 | 402,000 | 396,000 |
| Government billable subscribers | 141,000 | 133,000 | 128,000 | 124,000 | 121,000 | 121,000 | 118,000 | 121,000 |
| Total billable subscribers | 2.5M | 2.4M | 2.5M | 2.5M | 2.5M | 2.6M | 2.6M | 2.7M |
Figures come from Iridium Communications Inc.'s SEC filings, by fiscal year and fiscal quarter as the company defines them. A dash means we hold no figure for that period that passed our checks. Some fourth quarters are the full year less the first nine months. Free cash flow is cash from operations less capital expenditures. Data as of 31 October 2026. This is not investment advice.
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