Iridium Communications (IRDM) Financial Statements & Analysis

Iridium Communications (IRDM) Income Statement

Iridium Communications reported revenue of $871.66M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 4.9% from $830.68M a year earlier. Net income was $114.37M, up 1.4% year over year, a net margin of 13.1%. Gross margin was 71.5% and operating margin 27.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $225.24M, up 3.8% from the same quarter a year earlier.

Iridium Communications Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Iridium Communications Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	871.66	830.68	790.72	721.03	614.50	583.44	560.44	523.01	448.05
Cost of Revenue	248.00	230.57	225.12	201.15	455.83	445.87	442.85	361.08	247.11
Gross Profit	623.66	600.12	565.60	519.89	158.67	137.57	117.60	161.93	200.94
Operating Expenses
Research & Development	19.76	28.42	20.27	16.22	11.89	12.04	14.31	22.43	15.25
Selling, General & Administrative	157.71	168.18	143.71	123.50	100.47	90.05	93.17	97.85	84.41
Operating Expenses	387.68	399.73	483.98	443.21	112.36	102.09	107.48	120.28	99.65
Operating Income	235.98	200.38	81.63	76.68	46.31	35.48	10.12	41.65	101.29
Other Income/Expense
Interest Income	5.28	11.62	6.85	4.41	0.00	4.33	24.70	0.00	4.33
Interest Expense	-93.53	91.13	90.39	65.09	73.91	98.60	140.10	55.14	0.02
Other Income/Expense	-93.99	0.53	4.01	-1.08	-75.20	-124.45	-228.24	-62.30	18.29
Income
Income Before Tax	141.99	109.78	-4.75	10.51	-28.89	-88.96	-218.12	-20.65	119.57
Income Tax Expense	27.62	12.26	-26.25	0.29	-19.57	-32.91	-56.12	-7.27	-114.28
Net Income	114.37	112.78	15.42	8.72	-9.32	-56.05	-162.00	-13.38	233.86
Net Income - Continuous Operations	114.37	112.78	15.42	8.72	-9.32	-56.05	-162.00	-13.38	233.86
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	446.19	404.05	405.64	379.08	350.45	312.81	219.69	252.70	241.86
EBIT	235.98	200.92	85.64	75.60	46.31	-	-	-	-
Depreciation & Amortization	210.21	203.13	320.00	303.48	305.43	303.17	297.71	218.21	122.27
Earnings Per Share
Basic EPS	1.00	1.00	-	-	-	-	-1.00	-	2.00
Diluted EPS	1.00	1.00	-	-	-	-	-1.00	-	2.00
Basic Shares Outstanding	107.24	110.36	122.78	125.90	133.53	133.49	125.17	108.98	97.93
Diluted Shares Outstanding	107.84	119.97	128.46	125.90	133.53	133.49	125.17	112.20	98.20

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Iridium Communications Financial Statements

What was Iridium Communications's revenue in fiscal 2025?

Iridium Communications reported revenue of $871.66M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 4.9% from $830.68M a year earlier.

Is Iridium Communications profitable?

Yes. Iridium Communications earned net income of $114.37M in fiscal 2025, a net margin of 13.1%. In fiscal 2024 it earned $112.78M.

What is Iridium Communications's operating margin?

Iridium Communications's operating income was $235.98M on revenue of $871.66M in fiscal 2025, an operating margin of 27.1%, compared with 24.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition