Iridium Comm Financials
This page shows Iridium Comm (IRDM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Iridium Comm has an operating margin of 27.1%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 24.1% the prior year.
Iridium Comm's revenue grew a modest 4.9% year-over-year to $871.7M. This slow but positive growth earns a score of 43/100.
Iridium Comm has elevated debt relative to equity (D/E of 3.80), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
With a current ratio of 2.48, Iridium Comm holds $2.48 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.
Iridium Comm converts 34.4% of revenue into free cash flow ($299.8M). This strong cash generation earns a score of 100/100.
Iridium Comm earns a strong 24.7% return on equity (ROE), meaning it generates $25 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 99/100. This is up from 19.6% the prior year.
Iridium Comm scores 1.20, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.4B) relative to total liabilities ($2.1B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Iridium Comm passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Iridium Comm generates $3.50 in operating cash flow ($400.1M OCF vs $114.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Iridium Comm earns $16.1 in operating income for every $1 of interest expense ($236.0M vs $14.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Iridium Comm generated $871.7M in revenue in fiscal year 2025. This represents an increase of 4.9% from the prior year.
Iridium Comm's EBITDA was $446.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.6% from the prior year.
Iridium Comm generated $299.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 2.0% from the prior year.
Iridium Comm reported $114.4M in net income in fiscal year 2025. This represents an increase of 1.4% from the prior year.
Iridium Comm earned $1.06 per diluted share (EPS) in fiscal year 2025. This represents an increase of 12.8% from the prior year.
Iridium Comm held $96.5M in cash against $1.8B in long-term debt as of fiscal year 2025.
Iridium Comm paid $0.13 per share in dividends in fiscal year 2025.
Iridium Comm had 105M shares outstanding in fiscal year 2025. This represents a decrease of 3.6% from the prior year.
Iridium Comm's gross margin was 68.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
Iridium Comm's operating margin was 27.1% in fiscal year 2025, reflecting core business profitability. This is up 2.9 percentage points from the prior year.
Iridium Comm's net profit margin was 13.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.5 percentage points from the prior year.
Iridium Comm's ROE was 24.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.2 percentage points from the prior year.
Iridium Comm invested $19.8M in research and development in fiscal year 2025. This represents a decrease of 30.5% from the prior year.
Iridium Comm spent $186.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 54.3% from the prior year.
Iridium Comm invested $100.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 43.5% from the prior year.
IRDM Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $212.9M-6.2% | $226.9M+4.6% | $216.9M+0.9% | $214.9M+0.9% | $213.0M+9.4% | $194.7M-1.4% | $197.6M+2.3% | $193.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $5.1M+3.5% | $4.9M+15.5% | $4.3M-21.0% | $5.4M-36.4% | $8.5M+48.8% | $5.7M+13.7% | $5.0M-10.5% | $5.6M |
| SG&A Expenses | $41.8M+17.8% | $35.5M-20.4% | $44.6M+24.8% | $35.8M-12.1% | $40.7M+18.6% | $34.3M+2.8% | $33.4M-10.6% | $37.3M |
| Operating Income | $55.2M-21.2% | $70.1M+39.5% | $50.3M-16.8% | $60.4M+15.9% | $52.1M+12.6% | $46.3M+64.4% | $28.2M+276.3% | -$16.0M |
| Interest Expense | $81.9M+462.4% | -$22.6M+0.7% | -$22.8M-4.3% | -$21.8M-126.2% | $83.4M-3.0% | $86.0M+348.0% | -$34.7M-85.1% | -$18.7M |
| Income Tax | $8.0M-20.1% | $10.0M+162.8% | $3.8M-34.6% | $5.8M+193.2% | -$6.2M+34.8% | -$9.6M-59.4% | -$6.0M-15.3% | -$5.2M |
| Net Income | $24.9M-33.0% | $37.1M+69.0% | $22.0M-27.8% | $30.4M-16.3% | $36.3M-4.4% | $38.0M+2415.7% | -$1.6M+94.7% | -$30.7M |
| EPS (Diluted) | $0.24-31.4% | $0.35+75.0% | $0.20-25.9% | $0.27-10.0% | $0.30+3.4% | $0.29+3000.0% | $-0.01+95.8% | $-0.24 |
IRDM Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5B-0.9% | $2.6B-0.5% | $2.6B-1.6% | $2.6B-2.3% | $2.7B+0.4% | $2.7B-1.6% | $2.7B-2.7% | $2.8B |
| Current Assets | $276.5M+0.2% | $276.0M+8.0% | $255.4M-0.5% | $256.8M-12.3% | $292.7M+8.0% | $271.1M+7.2% | $252.9M-5.9% | $268.7M |
| Cash & Equivalents | $96.5M+9.0% | $88.5M+11.6% | $79.3M+55.8% | $50.9M-45.6% | $93.5M+30.1% | $71.9M+5.9% | $67.9M-34.4% | $103.5M |
| Inventory | $73.8M-3.2% | $76.2M-1.6% | $77.4M-4.1% | $80.7M-0.7% | $81.3M-10.8% | $91.1M+28.1% | $71.1M+27.6% | $55.8M |
| Accounts Receivable | $93.8M-0.8% | $94.5M+16.6% | $81.0M-23.1% | $105.4M+6.7% | $98.8M+7.7% | $91.7M-8.9% | $100.7M+9.3% | $92.1M |
| Goodwill | $98.9M0.0% | $98.9M0.0% | $98.9M0.0% | $98.9M+0.8% | $98.2M | $0 | N/A | $0 |
| Total Liabilities | $2.1B-1.7% | $2.1B+0.4% | $2.1B+0.1% | $2.1B-0.1% | $2.1B+18.1% | $1.8B-0.4% | $1.8B0.0% | $1.8B |
| Current Liabilities | $111.7M+8.2% | $103.2M+1.4% | $101.8M-21.3% | $129.3M-23.6% | $169.2M+28.6% | $131.6M+10.5% | $119.0M-4.2% | $124.2M |
| Long-Term Debt | $1.8B | N/A | N/A | N/A | $1.8B+19.8% | $1.5B | N/A | $1.5B |
| Total Equity | $462.6M+2.7% | $450.5M-4.9% | $473.6M-8.6% | $518.4M-10.1% | $576.6M-35.1% | $888.1M-4.0% | $925.0M-7.5% | $1.0B |
| Retained Earnings | -$418.6M+5.6% | -$443.4M+0.7% | -$446.7M-5.0% | -$425.2M-4.7% | -$406.1M-72.5% | -$235.4M-0.8% | -$233.6M-37.0% | -$170.5M |
IRDM Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $108.6M+7.8% | $100.8M-22.2% | $129.6M+112.2% | $61.1M-41.7% | $104.8M+19.3% | $87.8M+23.5% | $71.1M-18.3% | $87.0M |
| Capital Expenditures | $33.5M+55.5% | $21.5M+4.0% | $20.7M-15.6% | $24.5M+1.1% | $24.3M+49.8% | $16.2M+35.0% | $12.0M-46.4% | $22.4M |
| Free Cash Flow | $75.1M-5.2% | $79.2M-27.2% | $108.9M+198.1% | $36.5M-54.6% | $80.5M+12.5% | $71.6M+21.1% | $59.1M-8.6% | $64.7M |
| Investing Cash Flow | -$33.5M-55.5% | -$21.5M-4.0% | -$20.7M+15.6% | -$24.5M-1.1% | -$24.3M-49.8% | -$16.2M-35.0% | -$12.0M+46.4% | -$22.4M |
| Financing Cash Flow | -$67.5M+3.3% | -$69.8M+14.4% | -$81.5M-0.6% | -$81.1M+43.8% | -$144.3M-110.1% | -$68.7M+26.5% | -$93.4M-7.4% | -$87.0M |
| Dividends Paid | $16.0M-65.9% | $46.9M+52.3% | $30.8M+96.6% | $15.7M+0.2% | $15.6M-2.1% | $16.0M-3.0% | $16.5M-1.1% | $16.6M |
| Share Buybacks | -$30K-100.1% | $50.4M-23.1% | $65.6M-6.9% | $70.5M-42.8% | $123.1M+137.3% | $51.9M-31.2% | $75.4M+13.1% | $66.6M |
IRDM Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q4'23 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 25.9%-4.9pp | 30.9%+7.7pp | 23.2%-4.9pp | 28.1%+3.6pp | 24.5%+0.7pp | 23.8%+9.5pp | 14.2%+22.5pp | -8.3% |
| Net Margin | 11.7%-4.7pp | 16.4%+6.2pp | 10.1%-4.0pp | 14.1%-2.9pp | 17.1%-2.5pp | 19.5%+20.4pp | -0.8%+15.1pp | -15.9% |
| Return on Equity | 5.4%-2.9pp | 8.2%+3.6pp | 4.6%-1.2pp | 5.9%-0.4pp | 6.3%+2.0pp | 4.3% | N/A | N/A |
| Return on Assets | 1.0%-0.5pp | 1.5%+0.6pp | 0.9%-0.3pp | 1.2%-0.2pp | 1.4%-0.1pp | 1.4%+1.5pp | -0.1%+1.1pp | -1.1% |
| Current Ratio | 2.48-0.2 | 2.67+0.2 | 2.51+0.5 | 1.99+0.3 | 1.73-0.3 | 2.06-0.1 | 2.13-0.0 | 2.16 |
| Debt-to-Equity | 3.80-0.9 | 4.67+0.2 | 4.42+0.4 | 4.03+1.0 | 3.05+1.4 | 1.65-0.3 | 1.93+0.4 | 1.48 |
| FCF Margin | 35.3%+0.4pp | 34.9%-15.3pp | 50.2%+33.2pp | 17.0%-20.8pp | 37.8%+1.0pp | 36.8%+6.9pp | 29.9%-3.6pp | 33.5% |
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Frequently Asked Questions
What is Iridium Comm's annual revenue?
Iridium Comm (IRDM) reported $871.7M in total revenue for fiscal year 2025. This represents a 4.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Iridium Comm's revenue growing?
Iridium Comm (IRDM) revenue grew by 4.9% year-over-year, from $830.7M to $871.7M in fiscal year 2025.
Is Iridium Comm profitable?
Yes, Iridium Comm (IRDM) reported a net income of $114.4M in fiscal year 2025, with a net profit margin of 13.1%.
What is Iridium Comm's earnings per share (EPS)?
Iridium Comm (IRDM) reported diluted earnings per share of $1.06 for fiscal year 2025. This represents a 12.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Iridium Comm's EBITDA?
Iridium Comm (IRDM) had EBITDA of $446.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Iridium Comm have?
As of fiscal year 2025, Iridium Comm (IRDM) had $96.5M in cash and equivalents against $1.8B in long-term debt.
What is Iridium Comm's gross margin?
Iridium Comm (IRDM) had a gross margin of 68.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Iridium Comm's operating margin?
Iridium Comm (IRDM) had an operating margin of 27.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Iridium Comm's net profit margin?
Iridium Comm (IRDM) had a net profit margin of 13.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Iridium Comm pay dividends?
Yes, Iridium Comm (IRDM) paid $0.13 per share in dividends during fiscal year 2025.
What is Iridium Comm's return on equity (ROE)?
Iridium Comm (IRDM) has a return on equity of 24.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Iridium Comm's free cash flow?
Iridium Comm (IRDM) generated $299.8M in free cash flow during fiscal year 2025. This represents a -2.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Iridium Comm's operating cash flow?
Iridium Comm (IRDM) generated $400.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Iridium Comm's total assets?
Iridium Comm (IRDM) had $2.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Iridium Comm's capital expenditures?
Iridium Comm (IRDM) invested $100.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Iridium Comm spend on research and development?
Iridium Comm (IRDM) invested $19.8M in research and development during fiscal year 2025.
Does Iridium Comm buy back shares?
Yes, Iridium Comm (IRDM) spent $186.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Iridium Comm have outstanding?
Iridium Comm (IRDM) had 105M shares outstanding as of fiscal year 2025.
What is Iridium Comm's current ratio?
Iridium Comm (IRDM) had a current ratio of 2.48 as of fiscal year 2025, which is generally considered healthy.
What is Iridium Comm's debt-to-equity ratio?
Iridium Comm (IRDM) had a debt-to-equity ratio of 3.80 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Iridium Comm's return on assets (ROA)?
Iridium Comm (IRDM) had a return on assets of 4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Iridium Comm's Altman Z-Score?
Iridium Comm (IRDM) has an Altman Z-Score of 1.20, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Iridium Comm's Piotroski F-Score?
Iridium Comm (IRDM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Iridium Comm's earnings high quality?
Iridium Comm (IRDM) has an earnings quality ratio of 3.50x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Iridium Comm cover its interest payments?
Iridium Comm (IRDM) has an interest coverage ratio of 16.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Iridium Comm?
Iridium Comm (IRDM) scores 70 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.