Iridium Communications Inc. SEC filings document operating results, capital returns, governance and compensation matters for a global satellite communications provider. Recent 8-K reports furnish quarterly and annual financial results, including service revenue, subscriber-related activity, equipment sales, and engineering and support project revenue tied to the company’s satellite network and government work.
The filing record also includes Regulation FD disclosures on common-stock dividends, current reports on compensation arrangements such as the Annual Performance Bonus Plan, and definitive proxy materials covering board matters, executive compensation, equity awards and shareholder voting items. These disclosures frame Iridium’s capital structure, governance practices and recurring public-company reporting obligations.
Iridium Communications Inc. has agreed to acquire the remaining 61% equity interest in Aireon Holdings LLC that it does not already own for approximately $366.7 million. After closing, Iridium will indirectly own all of Aireon, which operates the world’s only space-based ADS-B air traffic surveillance system.
The price will be paid 50% in cash at closing and 50% one year later via a seller loan documented in a Credit and Guaranty Agreement. That loan will total $183.36 million, bear no interest, and be secured by a first‑priority lien on Aireon’s equity. Iridium will also assume Aireon debt expected at $155.0 million with interest at SOFR + 6.25%.
Iridium expects Aireon to add at least an annualized $100 million of service revenue and $30 million of OEBITDA, and projects its net leverage will rise to about 4.0 times OEBITDA in Q3 2026 before declining over the following year. The deal is subject to customary closing conditions, including required regulatory approvals.
Iridium Communications Inc reported that Vanguard Portfolio Management beneficially owned 6,103,943 shares of common stock, equal to 5.81% of the class as of 03/31/2026. The filing shows Vanguard has sole dispositive power over 6,103,943 shares and sole voting power for 12,194 shares. The disclosure states these holdings include securities held for Vanguard funds and managed accounts, and that no other single person holds more than 5% of the class. The form is signed by Vanguard's Head of Global Fund Administration on 04/29/2026.
Iridium Communications reported Q1 2026 revenue of $219.1M, up slightly from $214.9M a year earlier, as higher services and government engineering work offset weaker equipment sales. Services revenue rose to $158.0M, led by IoT and voice and data, while engineering and support services reached $40.8M.
Net income declined to $21.6M from $30.4M as selling, general and administrative expenses increased and the tax rate moved higher, producing diluted EPS of $0.20 versus $0.27. The company generated $71.6M in operating cash flow, ended the quarter with $111.6M in cash and a Term Loan balance of about $1.8B, and paid a quarterly dividend of $0.15 per share. Total billable subscribers grew 5% year over year to approximately 2.56 million.
Iridium Communications Inc. reported first quarter 2026 revenue of $219.1 million, up 2% year over year, including $158.0 million of service revenue and $61.0 million from equipment, engineering and support.
Net income was $21.6 million, or $0.20 per diluted share, down from $30.4 million a year earlier, while Operational EBITDA was $116.3 million versus $122.1 million. Total billable subscribers grew 5% to 2.555 million, led by commercial IoT.
The company ended the quarter with net debt of about $1.7 billion and net leverage of 3.4 times trailing twelve months Operational EBITDA. Iridium paid a quarterly dividend of $0.15 per share, totaling $16.5 million, and reiterated 2026 guidance for flat to 2% service revenue growth and Operational EBITDA of $480–$490 million.
Iridium Communications Inc. insider Timothy Kapalka, CAO of Iridium Satellite LLC, reported open-market sales of company common stock. He sold 3,790 shares at $31.00 and 2,043 shares at $33.00, totaling 5,833 shares. Following these transactions, he directly holds 45,721 shares of Iridium common stock. The company notes these trades were made under a Rule 10b5-1 trading plan adopted by the reporting person on May 13, 2025, indicating they were pre-scheduled rather than discretionary market-timing decisions.
Iridium Communications Inc. director Monique S. Shivanandan acquired 85.5 shares of common stock as a grant, with no cash paid per share. These shares are dividend equivalent rights created by a $0.15 quarterly cash dividend declared on the company’s common stock.
Each dividend equivalent right will deliver one share of common stock upon settlement of the related restricted stock units and follows the same vesting and settlement terms. After this award, Shivanandan directly holds 15,895.3 shares of Iridium common stock.
Iridium Communications director Jacqueline E. Yeaney acquired 58.5 shares of common stock-equivalent rights through a compensation-related award. These dividend equivalent rights were credited on March 31, 2026 in connection with a $0.15 per share quarterly cash dividend declared on March 5, 2026 for stockholders of record on March 16, 2026. Each right will convert into one share of common stock when the related restricted stock units settle and follows the same vesting and settlement terms. After this award, Yeaney directly holds 25,309.8 shares of Iridium common stock.
Iridium Communications director Kay Sears acquired 58.5 shares of common stock-equivalent rights through a compensation-related grant. These dividend equivalent rights arose from a quarterly cash dividend of $0.15 per share declared on March 5, 2026 for stockholders of record on March 16, 2026 and payable March 31, 2026.
Each dividend equivalent right corresponds to one share of common stock upon settlement of the related restricted stock units and follows the same vesting and settlement terms. After this accrual, Sears directly holds 30,084.1 shares of Iridium common stock.
Iridium Communications director Eric T. Olson acquired 756.7 shares of common stock via a compensation-related grant. The shares reflect dividend-equivalent rights that accrued from a quarterly cash dividend of $0.15 per share declared on March 5, 2026 and paid March 31, 2026. After this award, Olson directly holds 157,295.3 shares of Iridium common stock.
Iridium Communications Inc. director A. B. Krongard reported an automatic acquisition of 639.6 shares of common stock as dividend equivalent rights tied to previously granted restricted stock units. These rights were credited at no cost and follow the same vesting and settlement terms as the original awards.
After this grant, Krongard directly holds 366,541.9 shares of Iridium common stock. An additional 160,983 shares are held in a separate trust for the benefit of the reporting person’s children, for which the reporting person disclaims beneficial ownership.