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. reported modest growth for 2025 and issued cautious 2026 guidance. Full-year 2025 revenue was $871.7 million, up 5%, driven by service revenue of $634.0 million. Net income was $114.4 million, slightly above 2024, while diluted EPS rose to $1.06 from $0.94, helped by a lower share count.
Operational EBITDA increased 5% to $495.3 million. Fourth-quarter 2025 revenue was $212.9 million, essentially flat year over year, with net income of $24.9 million versus $36.3 million a year earlier. Total billable subscribers reached 2.537 million, up 3%, led by commercial IoT.
For 2026, Iridium projects total service revenue growth of flat to 2% and expects Operational EBITDA of $480–$490 million, lower than 2025 mainly because incentive compensation will be paid entirely in cash. Management targets net leverage at or below 3.0x OEBITDA by the end of 2026.
BlackRock, Inc. reports beneficial ownership of 13,072,774 shares of Iridium Communications Inc. common stock, representing 12.5% of the outstanding class. BlackRock has sole voting power over 12,854,017 shares and sole dispositive power over 13,072,774 shares, with no shared voting or dispositive power reported. The filing is an Amendment No. 6 to a Schedule 13G, indicating a passive ownership position filed on behalf of certain BlackRock business units. The disclosure notes that iShares Core S&P Small-Cap ETF holds more than five percent of Iridium’s common stock and confirms the securities are held in the ordinary course of business and not for the purpose of changing or influencing control.
BlackRock, Inc. reports beneficial ownership of 13,072,774 shares of Iridium Communications Inc. common stock, representing 12.5% of the outstanding class. BlackRock has sole voting power over 12,854,017 shares and sole dispositive power over 13,072,774 shares, with no shared voting or dispositive power reported. The filing is an Amendment No. 6 to a Schedule 13G, indicating a passive ownership position filed on behalf of certain BlackRock business units. The disclosure notes that iShares Core S&P Small-Cap ETF holds more than five percent of Iridium’s common stock and confirms the securities are held in the ordinary course of business and not for the purpose of changing or influencing control.
Iridium Communications director Louis M. Alterman reported an equity grant tied to his board service. He received 10,822 restricted stock units, each representing a contingent right to one share of Iridium common stock at a price of $0 per unit. These restricted stock units were issued under Iridium’s director compensation plan and will vest on January 6, 2027, as long as he continues serving the company. After this grant, Alterman beneficially owns 13,698 shares of common stock directly.
Iridium Communications Inc. director Shivanandan Monique S. reported stock-based awards in the form of common stock and restricted stock units. On January 6, 2026, the director received 10,822 restricted stock units at a price of $0 per unit, increasing directly held common stock–linked interests to 15,809.8 shares. These restricted stock units each represent a contingent right to receive one share of Iridium common stock and are scheduled to vest on January 6, 2027, subject to continued service on the board and issued under the director compensation plan.
Separately, on December 31, 2025, the director accrued 42.7 additional common stock equivalents at $0 per share as dividend equivalent rights tied to existing restricted stock units, following the company’s previously declared quarterly cash dividend of $0.15 per share. After this dividend-related adjustment, the director beneficially owned 4,987.8 shares of common stock directly in that line item.
Iridium Communications Inc. director Thomas Fitzpatrick reported stock-based awards that increased his direct holdings. On December 31, 2025, he acquired 58.3 additional common shares at $0, representing dividend-equivalent rights tied to a quarterly cash dividend of $0.15 per share declared on December 4, 2025 and paid on December 31, 2025 to holders of record on December 15, 2025.
On January 6, 2026, he received 10,822 restricted stock units at $0 under Iridium’s director compensation plan. Each restricted stock unit represents a contingent right to receive one share of common stock and is scheduled to vest on January 6, 2027, subject to his continued service. After these awards, Fitzpatrick directly beneficially owned 241,914.7 shares of Iridium common stock.
Iridium Communications director Leon Anthony Frazier reported two stock-based awards. On December 31, 2025, he acquired 196 shares of common stock at $0 as dividend equivalent rights tied to existing restricted stock units, following a declared cash dividend of $0.15 per share. On January 6, 2026, he received an additional 10,822 restricted stock units at $0 under the issuer's director compensation plan, each representing one future share of common stock.
The new restricted stock units vest on January 6, 2027, subject to his continued service, and increased his directly held common stock and RSU-equivalent holdings to 46,228.9 shares after the latest grant.
Iridium Communications director A.B. Krongard reported stock-based awards and related holdings. On December 31, 2025, 885.9 dividend equivalent rights were credited at a value of $0, reflecting a $0.15 per share quarterly cash dividend on restricted stock units. Each right corresponds to one share of common stock and follows the same vesting and settlement terms as the underlying restricted stock units.
On January 6, 2026, the director received 14,744 restricted stock units at a price of $0, issued under the director compensation plan and including 3,111 units granted in lieu of $57,500 of cash fees. These restricted stock units vest on January 6, 2027, subject to continued service, bringing directly held common stock to 365,902.3 shares. An additional 160,983 shares are held indirectly by the Krongard Irrevocable Equity Trust for the benefit of the director’s children, with beneficial ownership disclaimed.
Iridium Communications director reports new stock awards. Director Robert H. Niehaus reported awards of Iridium Communications Inc. common stock. On December 31, 2025 he acquired 1,111.9 dividend-equivalent rights tied to a quarterly cash dividend of $0.15 per share previously declared by the board, with each right corresponding to one share deliverable when the underlying restricted stock units settle. On January 6, 2026 he received 17,315 restricted stock units, each representing a contingent right to one share of common stock, which vest on January 6, 2027 if he continues serving the company. After these awards, he directly beneficially owned 315,789.6 shares.
Iridium Communications director Eric T. Olson reported two equity-related grants of common stock-based awards. On December 31, 2025, he acquired 1,160.6 dividend equivalent rights tied to a quarterly cash dividend of $0.15 per share that the board declared on December 4, 2025, payable to stockholders of record on December 15, 2025. Each dividend equivalent right corresponds to one share of common stock deliverable when the related restricted stock units settle. On January 6, 2026, Olson was granted 11,633 restricted stock units under the company’s director compensation plan, each representing a contingent right to one share of common stock. These restricted stock units are scheduled to vest on January 6, 2027, subject to his continued service. Following these transactions, he beneficially owned 156,538.6 shares of common stock on a direct basis.
Iridium Communications Inc. director Sears Kay reported stock-based compensation awards. On December 31, 2025, 58.3 shares of common stock were credited as dividend equivalent rights on existing restricted stock units, reflecting a previously declared $0.15 per-share cash dividend. On January 6, 2026, Kay was granted 10,822 restricted stock units, each representing a contingent right to receive one share of Iridium common stock. These restricted stock units were issued under the company’s director compensation plan and are scheduled to vest on January 6, 2027, subject to continued service. Following these awards, Kay beneficially owned 30,025.6 shares of Iridium common stock in direct form.