Companies / IRDM

Iridium Communications Inc. (IRDM) financials and KPIs

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.

Annual results

Fiscal year20212022202320242025
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

Quarterly results

Fiscal quarterQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 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

Operating KPIs

As Iridium Communications Inc. reports them, quarter by quarter.

Fiscal quarterQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Commercial Broadband Subscribers16,60016,30016,30016,30016,10016,10016,00016,000
Commercial IoT data subscribers growth10%7%5%5%6%7%9%9%
Commercial billable subscribers2.3M2.3M2.4M2.4M2.4M2.4M2.5M2.6M
Commercial voice and data subscribers415,000409,000415,000411,000402,000399,000402,000396,000
Government billable subscribers141,000133,000128,000124,000121,000121,000118,000121,000
Total billable subscribers2.5M2.4M2.5M2.5M2.5M2.6M2.6M2.7M

Sources

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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