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 reported second quarter 2026 total revenue of $225.2 million, up 4% from a year earlier, with service revenue growing 4% and representing 72% of total. Net income was $9.7 million, or $0.09 per diluted share, compared with $22.0 million, or $0.20, primarily due to higher transaction-related costs. Operational EBITDA was $119.1 million, slightly below $121.3 million in the prior-year quarter. Billable subscribers reached 2,627,000, a 6% increase year-over-year, led by commercial IoT growth.
On June 28, 2026, Iridium entered a definitive agreement for Rocket Lab Corporation to acquire the company, with closing expected in mid-2027, subject to Iridium stockholder approval and other customary conditions. In light of this pending transaction, Iridium does not intend to hold quarterly earnings calls or provide financial guidance. Iridium closed the acquisition of Aireon LLC on July 2, 2026 for approximately $366.7 million, funded with 50% cash and a $183.4 million seller loan, and assumed $154.7 million of Aireon debt; this deal is expected to add at least $100 million of annual service revenue and $30 million of OEBITDA. Capital expenditures were $21.8 million, net debt was about $1.6 billion (3.3x trailing OEBITDA), and Iridium paid a quarterly dividend of $0.15 per share, totaling $16.2 million.
Iridium Communications reported Q2 2026 revenue of $225,237 (in thousands), up 4% year over year, driven by higher IoT, voice and government services. Operating income fell to $34,008 (in thousands) and net income to $9,679 (in thousands) as selling, general and administrative expenses rose 50% on Rocket Lab merger and Aireon acquisition transaction costs and higher professional fees.
For the first six months of 2026, revenue was $444,294 (in thousands), up 3%, while net income declined to $31,273 (in thousands) from $52,380 (in thousands), reflecting higher operating, R&D and transaction expenses despite lower interest costs. Cash and cash equivalents increased to $184,214 (in thousands), and borrowings under the Term Loan were $1,774.7 million.
Strategically, Iridium closed the July 2026 acquisition of the remaining 60.5% of Aireon Holdings for approximately $366.7 million, funded 50% in cash (including a new $100.0 million Revolving Facility draw) and 50% via a $183.4 million one‑year seller loan, while consolidating $154.7 million of Aireon term loans. The company also agreed to be acquired by Rocket Lab, with each share to receive $27.00 in cash plus Rocket Lab stock under a variable Exchange Ratio, expected to close in mid‑2027 subject to approvals. Total billable subscribers reached approximately 2,627,000, up 6% year over year.
Thoma Donald Lee reported acquisition or exercise transactions in this Form 4 filing.
Iridium Communications EVP, Aireon, Donald Lee Thoma received a grant of 41,949 restricted stock units, each representing a contingent right to one share of common stock. According to the award terms, 66% of the units vest on July 10, 2027 and the remainder on December 15, 2027, subject to his continued service. Thoma is also reported as having 8,228 common shares held indirectly through revocable trusts, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Iridium Communications Inc. executive Donald Lee Thoma, EVP, Aireon, has filed an initial statement of beneficial ownership on Form 3. He reports indirect ownership of 8,228 shares of Iridium common stock held through the Donald Lee Thoma Revocable Trust dated 3/13/2024 and the Petra Jelonnek Revocable Trust dtd 3/13/2024. Thoma disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in them.
Iridium Communications Inc. completed the acquisition of the remaining 61% equity interest in Aireon Holdings LLC on the Aireon Closing Date, paying an aggregate purchase price of approximately $366.7 million. Fifty percent was paid in cash at closing and the remainder was deferred as a $183.36 million interest-free term loan from the sellers.
The company assumed consolidation of Aireon LLC’s existing secured term loans (originally $175 million, with an aggregate principal balance of $154.7 million as of the date hereof) and provided an unsecured parent guaranty for those obligations. The Aireon Credit Agreement carries customary covenants, a consolidated total leverage ratio covenant of not more than 5.0 to 1.0, scheduled amortization and prepayment premium provisions.
Iridium Communications Inc. completed its acquisition of the remaining 61% of Aireon Holdings LLC for approximately $366.7 million, giving it full ownership of Aireon and its subsidiary Aireon LLC. Half of the price was paid in cash and half via a seller loan.
That deferred portion is a $183.36 million one-year, interest-free term loan secured by Aireon equity under a new Credit and Guaranty Agreement with customary covenants and default provisions. Iridium also provided an unsecured Parent Guaranty of Aireon LLC’s existing term loans, which had an original principal of $175 million and an aggregate principal balance of $154.7 million as of the filing. These term loans mature on October 10, 2028 and carry SOFR- or base-rate-based interest with substantial quarterly amortization and a maximum consolidated total leverage ratio of 5.0 to 1.0.
Separately, in connection with the previously announced Agreement and Plan of Merger under which Rocket Lab Corporation agreed to acquire Iridium, the compensation committee approved cash retention awards for two named executive officers, payable in tranches tied to the merger closing, a six-month anniversary, or certain termination and severance events. Iridium also highlighted that Rocket Lab will file a Registration Statement on Form S-4 containing a joint proxy statement/prospectus seeking stockholder approval for transaction-related proposals.
Iridium Communications Inc. circulated a transcript of a July 06, 2026 video welcoming Aireon employees following Iridium’s completed acquisition of Aireon and noting that Iridium is in turn expected to be acquired by Rocket Lab, with the Rocket Lab transaction anticipated to close mid-2027. The CEO described integration steps, emphasized "business as usual" operations, named Iridium leaders now overseeing Aireon, and directed employees to forthcoming HR communications.
YEANEY JACQUELINE E reported acquisition or exercise transactions in this Form 4 filing.
Iridium Communications director Jacqueline E. Yeaney received 29.8 shares of common stock as a stock-based award. This grant represents dividend-equivalent rights tied to previously granted restricted stock units, triggered by a quarterly cash dividend of $0.15 per share declared on May 20, 2026.
Each dividend-equivalent right will settle into one share of common stock on the same terms and vesting schedule as the original restricted stock units. After this award, Yeaney directly holds 25,339.6 shares of Iridium Communications common stock.
Iridium Communications Inc. director Monique S. Shivanandan reported an acquisition of 43.5 shares of common stock through a stock-based award. These shares are dividend equivalent rights that arose from a previously declared cash dividend of $0.15 per share on existing restricted stock units.
Each dividend equivalent right corresponds to one share of common stock and follows the same vesting and settlement terms as the original restricted stock units. After this award, the director’s direct holdings reported in this filing total 15,938.8 shares of common stock.
Iridium Communications Inc. director Kay Sears reported a compensation-related acquisition of common stock. Sears received 29.8 shares through dividend equivalent rights tied to existing restricted stock units, following a declared quarterly cash dividend of $0.15 per share. After this grant, Sears directly holds 30,113.9 shares of Iridium common stock. Each dividend equivalent right will deliver one share when the underlying restricted stock units settle and remains subject to the same vesting terms, with the grant approved by Iridium’s board under Rule 16b-3.