What is Iridium Communications Inc.'s earnings per share (EPS)?

Iridium Communications Inc. (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.

Iridium Communications Inc. (IRDM) Financials

IRDM

Trailing 12 months to June 30, 2026

Revenue $884.2M +3.1% YoY

Net Income $93.3M -17.6% YoY

EPS (Diluted) $0.88 -11.1% YoY

Free Cash Flow $288.3M -11.5% YoY

Market Cap $5.0B as of Oct 10, 2026

Price / Sales 5.7x on $884.2M revenue, trailing 12 months to June 30, 2026

Price / Earnings 53.9x on $93.3M net income, trailing 12 months to June 30, 2026

Price / Book 10.6x on $472.5M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 22, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 22, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IRDM SEC filings page.

Iridium Communications Inc. (IRDM) reported $884.2M in revenue over the twelve months to Jun 30, 2026, up 3.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI IRDM FY2025 2026-10-03

Iridium converts growth into cash, but buybacks have thinned equity while debt keeps leverage high.

Cash conversion is stronger than reported profitability suggests: operating cash flow reached $400M in FY2025 against net income of $114M, indicating substantial non-cash costs and other operating adjustments. Free cash flow was $300M because capital expenditures reached $100M, so reinvestment absorbed part of that cash generation rather than weakening operating conversion.

Operating leverage is the clearest profit driver. Operating margin climbed from 7.5% in FY2021 to 27.1% in FY2025. Revenue increased from $615M to $872M over the same span, so operating profit grew much faster than sales, pointing to fixed-cost absorption.

The balance sheet has become more debt-dependent. Long-term debt remained about $1.8B in FY2025 even as equity fell to $463M, pushing debt-to-equity to 3.8x. The current ratio recovered from 1.7x to 2.5x, indicating improved short-term coverage even while long-term leverage increased. Share count declined to 105.0M from 108.8M, while FY2025 buybacks totaled $186M, consistent with capital returns contributing to the thinner equity base.

Financial Health Signals

Financial Health Score 61/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Iridium Communications Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Iridium Communications Inc. 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 79/100, reflecting efficient cost management and pricing power. This is up from 24.1% the prior year.

Growth

Iridium Communications Inc.'s revenue grew a modest 4.9% year-over-year to $871.7M. This slow but positive growth earns a score of 50/100.

Leverage

Iridium Communications Inc. 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 17/100, reflecting increased financial risk.

Liquidity

With a current ratio of 2.48, Iridium Communications Inc. holds $2.48 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 70/100.

Cash Flow

Iridium Communications Inc. converts 34.4% of revenue into free cash flow ($299.8M). This strong cash generation earns a score of 96/100.

Returns

Iridium Communications Inc.'s ROE of 24.7% shows moderate profitability relative to equity, earning a score of 55/100. This is up from 19.6% the prior year.

Altman Z-Score Grey Zone

1.96

Iridium Communications Inc. scores 1.96, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($5.0B) relative to total liabilities ($2.1B). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

7/8

Iridium Communications Inc. passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

3.50x

For every $1 of reported earnings, Iridium Communications Inc. 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.

Interest Coverage Safe

16.05x

Iridium Communications Inc. earns $16.05 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

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Earnings & Revenue

Revenue

$225.2M

YoY+3.8%

QoQ+2.8%

5Y CAGR+8.5%

10Y CAGR+7.5%

Iridium Communications Inc. generated $225.2M in revenue in Q2 2026. This represents an increase of 3.8% from the same quarter a year earlier. Against the prior quarter it is up 2.8%.

EBITDA

$87.9M

YoY-14.8%

QoQ-15.9%

5Y CAGR+0.1%

10Y CAGR+4.9%

Iridium Communications Inc.'s EBITDA was $87.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 14.8% from the same quarter a year earlier. Against the prior quarter it is down 15.9%.

Net Income

$9.7M

YoY-55.9%

QoQ-55.2%

5Y CAGR+20.4%

10Y CAGR-9.7%

Iridium Communications Inc. reported $9.7M in net income in Q2 2026. This represents a decrease of 55.9% from the same quarter a year earlier. Against the prior quarter it is down 55.2%.

EPS (Diluted)

$0.09

YoY-55.0%

QoQ-55.0%

Iridium Communications Inc. earned $0.09 per diluted share (EPS) in Q2 2026. This represents a decrease of 55.0% from the same quarter a year earlier. Against the prior quarter it is down 55.0%.

Cash & Balance Sheet

Free Cash Flow

$92.3M

YoY-15.2%

QoQ+121.6%

5Y CAGR+7.1%

Iridium Communications Inc. generated $92.3M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 15.2% from the same quarter a year earlier. Against the prior quarter it is up 121.6%.

Cash & Debt

$184.2M

YoY+132.3%

QoQ+65.0%

5Y CAGR-2.9%

10Y CAGR-6.7%

Iridium Communications Inc. held $184.2M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.15

YoY+7.1%

QoQ0.0%

Iridium Communications Inc. paid $0.15 per share in dividends in Q2 2026. This represents an increase of 7.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

106M

YoY-0.1%

QoQ+0.2%

5Y CAGR-4.3%

10Y CAGR+1.0%

Iridium Communications Inc. had 106M shares outstanding in Q2 2026. This represents a decrease of 0.1% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.

Margins & Returns

Operating Margin

15.1%

YoY-8.1pp

QoQ-8.1pp

5Y change+7.4pp

10Y change-23.1pp

Iridium Communications Inc.'s operating margin was 15.1% in Q2 2026, reflecting core business profitability. This is down 8.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.1 percentage points.

Net Margin

4.3%

YoY-5.8pp

QoQ-5.6pp

5Y change+1.7pp

10Y change-20.3pp

Iridium Communications Inc.'s net profit margin was 4.3% in Q2 2026, showing the share of revenue converted to profit. This is down 5.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.6 percentage points.

Return on Equity

2.1%

YoY-2.6pp

QoQ-2.6pp

5Y change+1.8pp

10Y change0.0pp

Iridium Communications Inc.'s ROE was 2.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.6 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

R&D Spending

$5.5M

YoY+29.2%

QoQ-10.4%

5Y CAGR+16.1%

Iridium Communications Inc. invested $5.5M in research and development in Q2 2026. This represents an increase of 29.2% from the same quarter a year earlier. Against the prior quarter it is down 10.4%.

Share Buybacks

YoY-100.0%

Iridium Communications Inc. repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier.

Capital Expenditures

$21.8M

YoY+5.4%

QoQ-27.1%

5Y CAGR+17.4%

10Y CAGR-12.3%

Iridium Communications Inc. invested $21.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 5.4% from the same quarter a year earlier. Against the prior quarter it is down 27.1%.

IRDM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IRDM quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$884.2M	$871.7M+4.9%	$830.7M+5.1%	$790.7M+9.7%	$721.0M+17.3%	$614.5M+5.3%	$583.4M+4.1%	$560.4M+7.2%	$523.0M+16.7%	$448.0M+3.3%	$433.6M+5.4%	$411.4M+0.7%	$408.6M+6.8%	$382.6M-0.2%	$383.5M-0.2%	$384.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$44.4M+0.4%	$44.3M+8.5%	$40.8M-25.2%	$54.6M+4.8%	$52.1M-2.3%	$53.3M-1.5%	$54.1M
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$403.6M+3.7%	$389.4M+5.1%	$370.6M+4.7%	$354.0M+7.1%	$330.6M+0.1%	$330.2M0.0%	$330.2M
R&D Expenses	$21.8M	$19.8M-30.5%	$28.4M+40.2%	$20.3M+25.0%	$16.2M+36.5%	$11.9M-1.3%	$12.0M-15.9%	$14.3M-36.2%	$22.4M+47.1%	$15.2M-5.2%	$16.1M-0.4%	$16.1M-8.2%	$17.6M+57.7%	$11.1M-28.2%	$15.5M-16.9%	$18.7M
SG&A Expenses	$190.2M	$157.7M-6.2%	$168.2M+17.0%	$143.7M+16.4%	$123.5M+22.9%	$100.5M+11.6%	$90.1M-3.3%	$93.2M-4.8%	$97.8M+15.9%	$84.4M+2.2%	$82.6M+1.4%	$81.4M+3.6%	$78.6M+4.5%	$75.2M+11.3%	$67.6M+2.9%	$65.7M
Operating Income	$210.1M	$236.0M+17.8%	$200.4M+145.5%	$81.6M+6.5%	$76.7M+65.6%	$46.3M+30.5%	$35.5M+250.6%	$10.1M-75.7%	$41.7M-63.9%	$115.5M-34.5%	$176.4M+139.0%	$73.8M-40.0%	$122.9M+11.8%	$109.9M+4.6%	$105.1M+36.5%	$77.0M
EBITDA	N/A	$446.2M+10.6%	$403.5M+0.5%	$401.6M+5.6%	$380.2M+8.1%	$351.7M+3.9%	$338.7M+10.0%	$307.8M+18.5%	$259.9M+9.3%	$237.7M+5.3%	$225.8M+79.7%	$125.6M-35.8%	$195.7M+5.8%	$184.9M-0.7%	$186.2M+6.6%	$174.6M
Interest Expense	$20.7M	$14.7M0.0%	$14.7M0.0%	$14.7M+122.6%	-$65.1M+11.9%	-$73.9M+21.6%	-$94.3M+18.3%	-$115.4M-109.2%	-$55.1M-163.6%	$86.7M+11.6%	$77.7M+20.3%	$64.6M+27.2%	$50.8M+8613.6%	$583K+411.4%	$114K+171.4%	$42K
Income Tax	$29.9M	$27.6M+125.3%	$12.3M+146.7%	-$26.3M-9090.1%	$292K+101.5%	-$19.6M+40.5%	-$32.9M+41.4%	-$56.1M-672.5%	-$7.3M+93.6%	-$114.3M-270.2%	$67.1M+1.7%	$66.0M+59.2%	$41.5M-13.5%	$47.9M+57.8%	$30.4M+23.8%	$24.5M
Net Income	$93.3M	$114.4M+1.4%	$112.8M+631.6%	$15.4M+76.7%	$8.7M+193.6%	-$9.3M+83.4%	-$56.1M+65.4%	-$162.0M-1110.4%	-$13.4M-105.7%	$233.9M+110.6%	$111.0M+1458.8%	$7.1M-90.5%	$75.0M+19.9%	$62.5M-3.3%	$64.6M+57.5%	$41.0M
EPS (Basic)	N/A	$1.07+12.6%	$0.95+691.7%	$0.12+71.4%	$0.07+200.0%	-$0.07+83.3%	-$0.42+68.4%	-$1.33-504.5%	-$0.22-109.9%	$2.23+123.0%	$1.00+1211.1%	-$0.09-112.7%	$0.71-1.4%	$0.72-15.3%	$0.85+49.1%	$0.57
EPS (Diluted)	$0.88	$1.06+12.8%	$0.94+683.3%	$0.12+71.4%	$0.07	N/A	N/A	-$1.33	-$0.22	$1.82+104.5%	$0.89+1088.9%	-$0.09-113.0%	$0.69-2.8%	$0.71-14.5%	$0.83+48.2%	$0.56
Diluted Shares (Avg)	N/A	108M-10.0%	120M-5.8%	127M-2.2%	130M-2.5%	134M0.0%	133M+6.7%	125M	109M	128M+2.6%	125M+31.3%	95M-13.1%	109M+25.0%	88M+11.9%	78M+6.3%	74M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$225.2M+3.8%	$219.1M+1.9%	$212.9M0.0%	$226.9M+6.7%	$216.9M+7.9%	$214.9M+5.4%	$213.0M+9.4%	$212.8M+7.7%
R&D Expenses	$5.5M+29.2%	$6.2M+14.0%	$5.1M-40.0%	$4.9M-20.1%	$4.3M-34.3%	$5.4M-24.7%	$8.5M+48.8%	$6.2M+22.9%
SG&A Expenses	$67.0M+50.2%	$45.8M+28.0%	$41.8M+2.8%	$35.5M-19.2%	$44.6M-4.5%	$35.8M-2.9%	$40.7M+18.6%	$44.0M+31.7%
Operating Income	$34.0M-32.3%	$50.7M-16.0%	$55.2M+6.0%	$70.1M+27.8%	$50.3M+15.1%	$60.4M+21.3%	$52.1M+12.6%	$54.9M+94.8%
EBITDA	$87.9M-14.8%	$104.5M-6.8%	$108.0M+4.3%	$123.1M+16.1%	$103.1M+9.2%	$112.1M+12.6%	$103.6M+4.5%	$106.0M+1.0%
Interest Expense	-$19.2M+15.4%	-$19.4M+11.3%	$81.9M-1.8%	-$22.6M+6.8%	-$22.8M+4.4%	-$21.8M-5.6%	$83.4M-3.0%	-$24.2M+30.0%
Income Tax	$3.1M-17.9%	$8.8M+51.7%	$8.0M+228.0%	$10.0M+66.6%	$3.8M-16.6%	$5.8M-26.6%	-$6.2M+34.8%	$6.0M+199.9%
Net Income	$9.7M-55.9%	$21.6M-29.0%	$24.9M-31.6%	$37.1M+51.9%	$22.0M-32.1%	$30.4M+54.7%	$36.3M-4.4%	$24.4M+1588.8%
EPS (Basic)	$0.09-55.0%	$0.20-28.6%	$0.24-25.0%	$0.35+66.7%	$0.20-25.9%	$0.28+75.0%	$0.32+6.7%	$0.21+2200.0%
EPS (Diluted)	$0.09-55.0%	$0.20-25.9%	$0.24-22.6%	$0.35+66.7%	$0.20-25.9%	$0.27+68.8%	$0.31+3.3%	$0.21+2200.0%
Diluted Shares (Avg)	108M+0.3%	107M-3.7%	N/A	106M-9.9%	108M-10.8%	111M-10.7%	N/A	118M-5.6%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.

IRDM Balance Sheet

IRDM quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$2.5B-5.3%	$2.7B+0.4%	$2.7B-9.9%	$3.0B-7.1%	$3.2B-5.4%	$3.4B-7.2%	$3.6B-9.7%	$4.0B+6.1%	$3.8B+8.1%	$3.5B+14.0%	$3.1B+5.6%	$2.9B+26.0%	$2.3B+20.5%	$1.9B+39.5%	$1.4B
Current Assets	$276.5M-5.5%	$292.7M+8.0%	$271.1M-11.5%	$306.2M-27.9%	$424.4M+22.0%	$347.8M+1.4%	$342.9M-12.2%	$390.4M-5.0%	$411.1M-20.5%	$516.8M+7.3%	$481.7M-15.9%	$573.1M+55.1%	$369.6M+0.7%	$367.2M+61.6%	$227.2M
Cash & Equivalents	$96.5M+3.2%	$93.5M+30.1%	$71.9M-57.4%	$168.8M-47.4%	$320.9M+35.3%	$237.2M+6.1%	$223.6M-18.2%	$273.4M-4.4%	$285.9M-23.0%	$371.2M+99.9%	$185.7M-12.1%	$211.2M+13.4%	$186.3M-26.8%	$254.4M+86.6%	$136.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$11.8M-70.0%	$39.3M-80.7%	$203.3M-22.1%	$261.1M+240.7%	$76.6M	$0	$0
Inventory	$73.8M-9.3%	$81.3M-10.8%	$91.1M+129.1%	$39.8M+37.0%	$29.0M-10.6%	$32.5M-18.7%	$39.9M+45.0%	$27.5M+37.2%	$20.1M+10.2%	$18.2M-34.8%	$27.9M-1.8%	$28.4M-3.7%	$29.5M+12.1%	$26.3M+74.7%	$15.1M
Accounts Receivable	$93.8M-5.1%	$98.8M+7.7%	$91.7M+11.5%	$82.3M+29.7%	$63.4M+3.7%	$61.2M-11.0%	$68.7M-3.5%	$71.2M+4.7%	$68.0M+18.6%	$57.4M+11.0%	$51.7M+2.0%	$50.7M-7.5%	$54.8M-2.5%	$56.1M-2.2%	$57.4M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$98.9M+0.8%	$98.2M	$0	N/A	N/A	N/A	N/A	N/A	$0	$0	$0-100.0%	$87.0M0.0%	$87.0M0.0%	$87.0M0.0%	$87.0M
Total Liabilities	$2.1B-1.3%	$2.1B+18.1%	$1.8B-2.8%	$1.8B-3.6%	$1.9B-2.5%	$1.9B-10.3%	$2.2B-10.3%	$2.4B+10.4%	$2.2B+1.4%	$2.2B+17.0%	$1.8B+9.8%	$1.7B+22.4%	$1.4B+31.8%	$1.0B+54.7%	$672.2M
Current Liabilities	$111.7M-34.0%	$169.2M+28.6%	$131.6M-7.1%	$141.6M+30.1%	$108.8M-3.7%	$113.1M-0.6%	$113.8M-56.7%	$262.7M+22.6%	$214.2M+157.5%	$83.2M-18.1%	$101.6M-0.7%	$102.3M+0.8%	$101.5M+14.5%	$88.7M-7.5%	$95.9M
Non-Current Liabilities	$2.0B+1.6%	$1.9B+17.3%	$1.6B-2.5%	$1.7B-5.6%	$1.8B-2.4%	$1.8B-10.8%	$2.1B-4.6%	$2.1B+9.1%	$2.0B-4.9%	$2.1B+19.1%	$1.7B+10.5%	$1.6B+24.2%	$1.3B+33.4%	$951.1M+65.0%	$576.3M
Long-Term Debt	$1.8B0.0%	$1.8B+19.8%	$1.5B-0.2%	$1.5B-8.0%	$1.6B-1.0%	$1.6B-8.6%	$1.8B-3.5%	$1.8B+13.1%	$1.6B-10.1%	$1.8B	N/A	N/A	N/A	N/A	N/A
Total Equity	$462.6M-19.8%	$576.6M-35.1%	$888.1M-21.3%	$1.1B-12.4%	$1.3B-9.3%	$1.4B-2.7%	$1.5B-8.9%	$1.6B+0.3%	$1.6B+18.8%	$1.3B+9.4%	$1.2B-0.3%	$1.2B+31.1%	$939.5M+7.2%	$876.6M+24.9%	$702.0M
Retained Earnings	-$418.6M-3.1%	-$406.1M-72.5%	-$235.4M-393.0%	-$47.7M-133.9%	$140.8M-49.0%	$275.9M-16.9%	$332.0M-33.8%	$501.7M-3.3%	$518.8M+79.6%	$288.8M+49.5%	$193.2M-4.1%	$201.5M+45.1%	$138.8M+66.6%	$83.3M+308.7%	$20.4M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$2.6B-0.1%	$2.5B-3.0%	$2.5B-5.3%	$2.6B-7.2%	$2.6B-5.5%	$2.6B-4.6%	$2.7B+0.4%	$2.8B+1.7%
Current Assets	$377.1M+47.6%	$309.1M+20.4%	$276.5M-5.5%	$276.0M-22.2%	$255.4M-3.4%	$256.8M-31.9%	$292.7M+8.0%	$354.9M+40.3%
Cash & Equivalents	$184.2M+132.3%	$111.6M+119.3%	$96.5M+3.2%	$88.5M-44.5%	$79.3M+24.8%	$50.9M-70.8%	$93.5M+30.1%	$159.6M+135.1%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$63.5M-18.0%	$69.7M-13.7%	$73.8M-9.3%	$76.2M-7.3%	$77.4M-9.8%	$80.7M-12.8%	$81.3M-10.8%	$82.2M+15.6%
Accounts Receivable	$104.5M+29.0%	$104.4M-1.0%	$93.8M-5.1%	$94.5M-2.0%	$81.0M-15.7%	$105.4M+13.4%	$98.8M+7.7%	$96.5M-4.2%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$98.9M0.0%	$98.9M0.0%	$98.9M+0.8%	$98.9M-1.4%	$98.9M-1.4%	$98.9M+0.8%	$98.2M	$100.3M
Total Liabilities	$2.1B-0.1%	$2.1B-1.3%	$2.1B-1.3%	$2.1B+0.8%	$2.1B+8.5%	$2.1B+11.1%	$2.1B+18.1%	$2.1B+17.2%
Current Liabilities	$135.5M+33.1%	$108.4M-16.1%	$111.7M-34.0%	$103.2M-23.7%	$101.8M-13.4%	$129.3M+14.4%	$169.2M+28.6%	$135.3M+13.7%
Non-Current Liabilities	$2.0B-1.8%	$2.0B-0.4%	$2.0B+1.6%	$2.0B+2.5%	$2.0B+9.9%	$2.0B+10.9%	$1.9B+17.3%	$2.0B+17.5%
Long-Term Debt	N/A	N/A	$1.8B0.0%	N/A	N/A	N/A	$1.8B+19.8%	N/A
Total Equity	$472.5M-0.2%	$468.4M-9.7%	$462.6M-19.8%	$450.5M-32.1%	$473.6M-39.8%	$518.4M-39.3%	$576.6M-35.1%	$663.8M-28.2%
Retained Earnings	-$387.3M+13.3%	-$397.0M+6.6%	-$418.6M-3.1%	-$443.4M-24.7%	-$446.7M-52.9%	-$425.2M-65.9%	-$406.1M-72.5%	-$355.5M-52.2%

IRDM Cash Flow Statement

IRDM quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$395.1M	$400.1M+6.4%	$376.0M+19.4%	$314.9M-8.6%	$344.7M+13.8%	$302.9M+21.3%	$249.8M+26.1%	$198.1M-24.9%	$263.7M+1.6%	$259.6M+15.3%	$225.2M+3.5%	$217.5M+1.2%	$214.9M+17.4%	$183.0M+5.2%	$174.0M-5.1%	$183.5M
Depreciation & Amortization	N/A	$210.2M+3.5%	$203.1M-36.5%	$320.0M+5.4%	$303.5M-0.6%	$305.4M+0.7%	$303.2M+1.8%	$297.7M+36.4%	$218.2M+78.5%	$122.3M+147.5%	$49.4M-4.7%	$51.8M-28.8%	$72.8M-2.9%	$75.0M-7.6%	$81.1M-16.9%	$97.6M
Stock-Based Compensation	N/A	$51.6M-18.7%	$63.5M+10.4%	$57.5M+31.4%	$43.7M+63.3%	$26.8M+60.2%	$16.7M+10.4%	$15.1M+4.5%	$14.5M-9.2%	$16.0M+16.4%	$13.7M+59.3%	$8.6M-10.4%	$9.6M+43.0%	$6.7M-8.4%	$7.3M+24.4%	$5.9M
Capital Expenditures	$106.8M	$100.3M+43.5%	$69.9M-4.9%	$73.5M+3.1%	$71.3M+69.1%	$42.1M+8.9%	$38.7M-67.2%	$117.8M-69.9%	$391.4M-2.2%	$400.1M-1.4%	$405.7M-18.0%	$494.8M+12.2%	$441.1M+9.3%	$403.5M-8.6%	$441.7M+22.9%	$359.4M
Free Cash Flow	$288.3M	$299.8M-2.0%	$306.1M+26.8%	$241.4M-11.7%	$273.5M+4.9%	$260.7M+23.5%	$211.1M+162.8%	$80.3M+162.9%	-$127.7M+9.1%	-$140.5M+22.2%	-$180.5M+34.9%	-$277.3M-22.6%	-$226.2M-2.6%	-$220.5M+17.6%	-$267.6M-52.1%	-$175.9M
Investing Cash Flow	-$106.8M	-$100.3M+44.5%	-$180.6M-116.3%	-$83.5M+31.2%	-$121.3M-233.3%	-$36.4M+21.7%	-$46.5M+63.6%	-$127.8M+66.3%	-$378.9M-1.7%	-$372.7M	N/A	N/A	N/A	N/A	-$443.5M-23.4%	-$359.3M
Financing Cash Flow	-$184.3M	-$299.9M-75.9%	-$170.5M+47.9%	-$327.1M+12.8%	-$375.0M-105.5%	-$182.5M+3.0%	-$188.2M+39.9%	-$313.3M-261.9%	$193.5M+1047.3%	$16.9M	N/A	N/A	N/A	N/A	$387.6M+101.5%	$192.3M
Dividends Paid	$95.6M	$62.9M-2.9%	$64.7M-0.1%	$64.8M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$7.0M+393.3%	$1.4M	$0
Share Buybacks	$50.4M	$186.5M-54.3%	$407.7M+65.1%	$247.0M-3.9%	$257.1M+57.3%	$163.4M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$114.1M-11.9%	$71.6M+17.2%	$108.6M+3.6%	$100.8M-15.0%	$129.6M+59.8%	$61.1M-14.5%	$104.8M+19.3%	$118.6M+66.8%
Depreciation & Amortization	$53.9M+1.9%	$53.7M+4.0%	$52.7M+2.5%	$53.0M+3.5%	$52.8M+4.1%	$51.7M+3.9%	$51.4M-2.5%	$51.2M-33.4%
Stock-Based Compensation	N/A	$11.4M-3.1%	N/A	N/A	N/A	$11.7M-16.1%	N/A	N/A
Capital Expenditures	$21.8M+5.4%	$30.0M+22.0%	$33.5M+38.0%	$21.5M+15.7%	$20.7M+66.5%	$24.5M+68.5%	$24.3M+49.8%	$18.6M+55.2%
Free Cash Flow	$92.3M-15.2%	$41.7M+14.0%	$75.1M-6.7%	$79.2M-20.8%	$108.9M+58.6%	$36.5M-35.7%	$80.5M+12.5%	$100.0M+69.2%
Investing Cash Flow	-$21.8M-5.4%	-$30.0M-22.0%	-$33.5M-38.0%	-$21.5M-15.7%	-$20.7M+83.2%	-$24.5M-68.5%	-$24.3M-49.8%	-$18.6M-55.2%
Financing Cash Flow	-$20.6M+74.7%	-$26.3M+67.5%	-$67.5M+53.2%	-$69.8M-2009.4%	-$81.5M-19.3%	-$81.1M-278.1%	-$144.3M-110.1%	-$3.3M+96.5%
Dividends Paid	$16.2M-47.4%	$16.5M+5.5%	$16.0M+2.3%	$46.9M-4.5%	$30.8M-6.1%	$15.7M-2.4%	$15.6M-2.1%	$49.1M+198.1%
Share Buybacks	$0-100.0%	$0-100.0%	-$30K-100.0%	$50.4M-61.1%	$65.6M-32.8%	$70.5M+23.1%	$123.1M+137.3%	$129.8M+72.2%

IRDM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IRDM quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	90.1%+0.3pp	89.8%-0.3pp	90.1%+3.4pp	86.6%+0.2pp	86.4%+0.3pp	86.1%+0.2pp	85.9%
Operating Margin	27.1%+2.9pp	24.1%+13.8pp	10.3%-0.3pp	10.6%+3.1pp	7.5%+1.5pp	6.1%+4.3pp	1.8%-6.2pp	8.0%-17.8pp	25.8%-14.9pp	40.7%+22.7pp	17.9%-12.1pp	30.1%+1.4pp	28.7%+1.3pp	27.4%+7.4pp	20.0%
Net Margin	13.1%-0.5pp	13.6%+11.6pp	1.9%+0.7pp	1.2%+2.7pp	-1.5%+8.1pp	-9.6%+19.3pp	-28.9%-26.4pp	-2.6%-54.8pp	52.2%+26.6pp	25.6%+23.9pp	1.7%-16.6pp	18.4%+2.0pp	16.3%-0.5pp	16.9%+6.2pp	10.7%
Return on Equity	24.7%+5.2pp	19.6%+17.8pp	1.7%+1.0pp	0.8%+1.5pp	-0.7%+3.2pp	-4.0%+7.2pp	-11.1%-10.3pp	-0.8%-15.5pp	14.6%+6.4pp	8.3%+7.7pp	0.6%-5.5pp	6.1%-0.6pp	6.7%-0.7pp	7.4%+1.5pp	5.9%
Return on Assets	4.5%+0.3pp	4.2%+3.6pp	0.6%+0.3pp	0.3%+0.6pp	-0.3%+1.4pp	-1.7%+2.8pp	-4.5%-4.1pp	-0.3%-6.5pp	6.2%+3.0pp	3.2%+2.9pp	0.2%-2.4pp	2.6%-0.1pp	2.7%-0.7pp	3.4%+0.4pp	3.0%
Current Ratio	2.48+0.7x	1.73-0.3x	2.06-0.1x	2.16-1.7x	3.90+0.8x	3.08+0.1x	3.01+1.5x	1.49-0.4x	1.92-4.3x	6.21+1.5x	4.74-0.9x	5.60+2.0x	3.64-0.5x	4.14+1.8x	2.37
Debt-to-Equity	3.80+0.8x	3.05+1.4x	1.65+0.3x	1.30+0.1x	1.24+0.1x	1.14-0.1x	1.21+0.1x	1.14+0.1x	1.01-0.3x	1.34-0.2x	1.50+0.1x	1.36-0.1x	1.46+0.3x	1.19+0.2x	0.96
Asset Turnover	0.340.0x	0.310.0x	0.30+0.1x	0.24+0.1x	0.190.0x	0.170.0x	0.150.0x	0.130.0x	0.120.0x	0.120.0x	0.130.0x	0.140.0x	0.170.0x	0.20-0.1x	0.28
FCF Margin	34.4%-2.5pp	36.9%+6.3pp	30.5%-7.4pp	37.9%-4.5pp	42.4%+6.3pp	36.2%+21.9pp	14.3%+38.7pp	-24.4%+6.9pp	-31.4%+10.3pp	-41.6%+25.8pp	-67.4%-12.1pp	-55.4%+2.3pp	-57.6%+12.2pp	-69.8%-24.0pp	-45.8%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	15.1%-8.1pp	23.2%-5.0pp	25.9%+1.5pp	30.9%+5.1pp	23.2%+1.5pp	28.1%+3.7pp	24.5%+0.7pp	25.8%+11.5pp
Net Margin	4.3%-5.8pp	9.9%-4.3pp	11.7%-5.4pp	16.4%+4.9pp	10.1%-5.9pp	14.1%+4.5pp	17.1%-2.5pp	11.5%+12.3pp
Return on Equity	2.1%-2.6pp	4.6%-1.3pp	5.4%-0.9pp	8.2%+4.6pp	4.6%+0.5pp	5.9%+3.6pp	6.3%+2.0pp	3.7%+3.9pp
Return on Assets	0.4%-0.5pp	0.9%-0.3pp	1.0%-0.4pp	1.5%+0.6pp	0.9%-0.3pp	1.2%+0.5pp	1.4%-0.1pp	0.9%+0.9pp
Current Ratio	2.78+0.3x	2.85+0.9x	2.48+0.7x	2.67+0.1x	2.51+0.3x	1.99-1.3x	1.73-0.3x	2.62+0.5x
Debt-to-Equity	4.430.0x	4.41+0.4x	3.80+0.8x	4.67+1.5x	4.42+2.0x	4.03+1.8x	3.05+1.4x	3.14+1.2x
Asset Turnover	0.090.0x	0.090.0x	0.080.0x	0.090.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x
FCF Margin	41.0%-9.2pp	19.0%+2.0pp	35.3%-2.5pp	34.9%-12.1pp	50.2%+16.1pp	17.0%-10.9pp	37.8%+1.0pp	47.0%+17.1pp

Not reported in any period shown, so not listed: Gross Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Iridium Communications Inc. IRDM	FY2025	$871.7M	$114.4M	13.1%	$5.0B	61/100
Cogent Communications Holdings, Inc. CCOI	FY2025	$975.8M	-$182.2M	-18.7%	$437.4M	24/100
Liberty Latin America Ltd. LILA	FY2025	$4.4B	-$611.2M	-13.8%	$1.6B	30/100
IDT Corporation IDT	FY2026	$1.3B	$86.6M	6.7%	$2.0B	60/100
Liberty Latin America Ltd. LILAK	FY2025	$4.4B	-$611.2M	-13.8%	$1.6B	30/100
Gogo Inc. GOGO	FY2025	$910.5M	$12.9M	1.4%	$314.4M	59/100

Where Iridium Communications Inc. Ranks

Frequently Asked Questions

What is Iridium Communications Inc.'s annual revenue?

Iridium Communications Inc. (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 Communications Inc.'s revenue growing?

Iridium Communications Inc. (IRDM) revenue grew by 4.9% year-over-year, from $830.7M to $871.7M in fiscal year 2025.

Is Iridium Communications Inc. profitable?

Yes, Iridium Communications Inc. (IRDM) reported a net income of $114.4M in fiscal year 2025, with a net profit margin of 13.1%.

What is Iridium Communications Inc.'s EBITDA?

Iridium Communications Inc. (IRDM) had EBITDA of $446.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Iridium Communications Inc. have?

As of fiscal year 2025, Iridium Communications Inc. (IRDM) had $96.5M in cash and equivalents against $1.8B in long-term debt.

What is Iridium Communications Inc.'s operating margin?

Iridium Communications Inc. (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 Communications Inc.'s net profit margin?

Iridium Communications Inc. (IRDM) had a net profit margin of 13.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Iridium Communications Inc.'s return on equity (ROE)?

Iridium Communications Inc. (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 Communications Inc.'s free cash flow?

Iridium Communications Inc. (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 Communications Inc.'s operating cash flow?

Iridium Communications Inc. (IRDM) generated $400.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Iridium Communications Inc.'s total assets?

Iridium Communications Inc. (IRDM) had $2.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Iridium Communications Inc.'s capital expenditures?

Iridium Communications Inc. (IRDM) invested $100.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Iridium Communications Inc. spend on research and development?

Iridium Communications Inc. (IRDM) invested $19.8M in research and development during fiscal year 2025.

Does Iridium Communications Inc. buy back shares?

Yes, Iridium Communications Inc. (IRDM) spent $186.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Iridium Communications Inc. have outstanding?

Iridium Communications Inc. (IRDM) had 105M shares outstanding as of fiscal year 2025.

What is Iridium Communications Inc.'s current ratio?

Iridium Communications Inc. (IRDM) had a current ratio of 2.48 as of fiscal year 2025, which is generally considered healthy.

What is Iridium Communications Inc.'s debt-to-equity ratio?

Iridium Communications Inc. (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 Communications Inc.'s return on assets (ROA)?

Iridium Communications Inc. (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 Communications Inc.'s P/E ratio?

Iridium Communications Inc. (IRDM) trades at 53.9x earnings, its market capitalization divided by net income of $93.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $5.0B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Iridium Communications Inc.'s price-to-sales ratio?

Iridium Communications Inc. (IRDM) trades at 5.7x sales, its market capitalization divided by revenue of $884.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $5.0B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Iridium Communications Inc.'s Altman Z-Score?

Iridium Communications Inc. (IRDM) has an Altman Z-Score of 1.96, placing it in the Grey Zone (moderate 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 Communications Inc.'s Piotroski F-Score?

Iridium Communications Inc. (IRDM) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Iridium Communications Inc.'s earnings high quality?

Iridium Communications Inc. (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 Communications Inc. cover its interest payments?

Iridium Communications Inc. (IRDM) has an interest coverage ratio of 16.05x, 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 Communications Inc.?

Iridium Communications Inc. (IRDM) scores 61 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.