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Stocks · Communication · Communications Services, NEC

Iridium Communications Inc.

IRDM Clue Score57
United States Fiscal year ends December CIK 0001418819
$47.47 -0.19% Close, 9 Oct 2026
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Price $47.47 +28.23% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue433.6Operating income176.4Net income111.0EPS, diluted0.89Fiscal year 2017Revenue448.0 +3.3%Operating income115.5Net income233.9 +110.6%EPS, diluted1.82 +104.5%Fiscal year 2018Revenue523.0 +16.7%Operating income41.7Net income−13.4 −105.7%EPS, diluted−0.22 −112.1%Fiscal year 2019Revenue560.4 +7.2%Operating income10.1Net income−162.0EPS, diluted−1.33Fiscal year 2020Revenue583.4 +4.1%Operating income35.5Net income−56.1Fiscal year 2021Revenue614.5 +5.3%Operating income46.3Net income−9.3Fiscal year 2022Revenue721.0 +17.3%Operating income76.7Net income8.7EPS, diluted0.07Fiscal year 2023Revenue790.7 +9.7%Operating income81.6Net income15.4 +76.7%EPS, diluted0.12 +71.4%Fiscal year 2024Revenue830.7 +5.1%Operating income200.4Net income112.8 +631.6%EPS, diluted0.94 +683.3%Fiscal year 2025Revenue871.7 +4.9%Operating income236.0Net income114.4 +1.4%EPS, diluted1.06 +12.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 433.6 448.0 523.0 560.4 583.4 614.5 721.0 790.7 830.7 871.7
Growth +3.3% +16.7% +7.2% +4.1% +5.3% +17.3% +9.7% +5.1% +4.9%
Operating income 176.4 115.5 41.7 10.1 35.5 46.3 76.7 81.6 200.4 236.0
Net income 111.0 233.9 −13.4 −162.0 −56.1 −9.3 8.7 15.4 112.8 114.4
Growth +110.6% −105.7% +76.7% +631.6% +1.4%
EPS, diluted 0.89 1.82 −0.22 −1.33 n/a n/a 0.07 0.12 0.94 1.06
Growth +104.5% −112.1% +71.4% +683.3% +12.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin40.7%Net margin25.6%Free cash flow margin−41.6%Fiscal year 2017Operating margin25.8%Net margin52.2%Free cash flow margin−31.4%Fiscal year 2018Operating margin8.0%Net margin−2.6%Free cash flow margin−24.4%Fiscal year 2019Operating margin1.8%Net margin−28.9%Free cash flow margin14.3%Fiscal year 2020Operating margin6.1%Net margin−9.6%Free cash flow margin36.2%Fiscal year 2021Operating margin7.5%Net margin−1.5%Free cash flow margin42.4%Fiscal year 2022Operating margin10.6%Net margin1.2%Free cash flow margin37.9%Fiscal year 2023Operating margin10.3%Net margin1.9%Free cash flow margin30.5%Fiscal year 2024Operating margin24.1%Net margin13.6%Free cash flow margin36.8%Fiscal year 2025Operating margin27.1%Net margin13.1%Free cash flow margin34.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 40.7% 25.8% 8.0% 1.8% 6.1% 7.5% 10.6% 10.3% 24.1% 27.1%
Net margin 25.6% 52.2% −2.6% −28.9% −9.6% −1.5% 1.2% 1.9% 13.6% 13.1%
Free cash flow margin −41.6% −31.4% −24.4% 14.3% 36.2% 42.4% 37.9% 30.5% 36.8% 34.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow225.2Capital expenditure−405.7Free cash flow−180.5Fiscal year 2017Operating cash flow259.6Capital expenditure−400.1Free cash flow−140.5Fiscal year 2018Operating cash flow263.7Capital expenditure−391.4Free cash flow−127.7Fiscal year 2019Operating cash flow198.1Capital expenditure−117.8Free cash flow80.3Buybacks0.0Fiscal year 2020Operating cash flow249.8Capital expenditure−38.7Free cash flow211.1 +162.8%Buybacks0.0Fiscal year 2021Operating cash flow302.9Capital expenditure−42.1Free cash flow260.7 +23.5%Buybacks−163.4Dividends paid0.0Fiscal year 2022Operating cash flow344.7Capital expenditure−71.3Free cash flow273.5 +4.9%Buybacks−257.1Dividends paid0.0Fiscal year 2023Operating cash flow314.9Capital expenditure−73.5Free cash flow241.4 −11.7%Buybacks−247.0Dividends paid−64.8Fiscal year 2024Operating cash flow376.0Capital expenditure−69.9Free cash flow306.1 +26.8%Buybacks−407.7Dividends paid−64.7Fiscal year 2025Operating cash flow400.1Capital expenditure−100.3Free cash flow299.8 −2.0%Buybacks−186.5Dividends paid−62.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 225.2 259.6 263.7 198.1 249.8 302.9 344.7 314.9 376.0 400.1
Capital expenditure −405.7 −400.1 −391.4 −117.8 −38.7 −42.1 −71.3 −73.5 −69.9 −100.3
Free cash flow −180.5 −140.5 −127.7 80.3 211.1 260.7 273.5 241.4 306.1 299.8
Growth +162.8% +23.5% +4.9% −11.7% +26.8% −2.0%
Buybacks n/a n/a n/a 0.0 0.0 −163.4 −257.1 −247.0 −407.7 −186.5
Dividends paid n/a n/a n/a n/a n/a 0.0 0.0 −64.8 −64.7 −62.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash371.2Total debt1,800.0Net cash (debt)−1,428.8Shareholders’ equity1,343.8Debt to equity1.34Fiscal year 2017Cash285.9Total debt1,703.6Net cash (debt)−1,417.7Shareholders’ equity1,596.5Debt to equity1.07Fiscal year 2018Cash273.4Total debt1,955.7Net cash (debt)−1,682.4Shareholders’ equity1,601.6Debt to equity1.22Fiscal year 2019Cash223.6Total debt1,776.4Net cash (debt)−1,552.8Shareholders’ equity1,459.3Debt to equity1.22Fiscal year 2020Cash237.2Total debt1,613.7Net cash (debt)−1,376.5Shareholders’ equity1,419.4Debt to equity1.14Fiscal year 2021Cash320.9Total debt1,598.0Net cash (debt)−1,277.1Shareholders’ equity1,287.9Debt to equity1.24Fiscal year 2022Cash168.8Total debt1,487.2Net cash (debt)−1,318.4Shareholders’ equity1,128.6Debt to equity1.32Fiscal year 2023Cash71.9Total debt1,482.5Net cash (debt)−1,410.6Shareholders’ equity888.1Debt to equity1.67Fiscal year 2024Cash93.5Total debt1,790.9Net cash (debt)−1,697.4Shareholders’ equity576.6Debt to equity3.11Fiscal year 2025Cash96.5Total debt1,760.5Net cash (debt)−1,664.0Shareholders’ equity462.6Debt to equity3.81
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 371.2 285.9 273.4 223.6 237.2 320.9 168.8 71.9 93.5 96.5
Total debt 1,800.0 1,703.6 1,955.7 1,776.4 1,613.7 1,598.0 1,487.2 1,482.5 1,790.9 1,760.5
Net cash (debt) −1,428.8 −1,417.7 −1,682.4 −1,552.8 −1,376.5 −1,277.1 −1,318.4 −1,410.6 −1,697.4 −1,664.0
Shareholders’ equity 1,343.8 1,596.5 1,601.6 1,459.3 1,419.4 1,287.9 1,128.6 888.1 576.6 462.6
Debt to equity 1.34 1.07 1.22 1.22 1.14 1.24 1.32 1.67 3.11 3.81

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
433.6 448.0 523.0 560.4 583.4 614.5 721.0 790.7 830.7 871.7
Growth +3.3% +16.7% +7.2% +4.1% +5.3% +17.3% +9.7% +5.1% +4.9%
16.1 15.2 22.4 14.3 12.0 11.9 16.2 20.3 28.4 19.8
82.6 84.4 97.8 93.2 90.1 100.5 123.5 143.7 168.2 157.7
176.4 115.5 41.7 10.1 35.5 46.3 76.7 81.6 200.4 236.0
Growth −34.5% −63.9% −75.7% +250.6% +30.5% +65.6% +6.5% +145.5% +17.8%
178.2 119.6 −20.6 −218.1 −89.0 −28.9 10.5 −4.7 109.8 144.8
67.1 −114.3 −7.3 −56.1 −32.9 −19.6 0.3 −26.3 12.3 27.6
111.0 233.9 −13.4 −162.0 −56.1 −9.3 8.7 15.4 112.8 114.4
Growth +110.6% −105.7% +76.7% +631.6% +1.4%
Per share
1.00 2.23 −0.22 −1.33 −0.42 −0.07 0.07 0.12 0.95 1.07
0.89 1.82 −0.22 −1.33 n/a n/a 0.07 0.12 0.94 1.06
Growth +104.5% −112.1% +71.4% +683.3% +12.8%
96.0 97.9 109.0 125.2 133.5 133.5 128.3 125.6 118.6 107.2
124.9 128.1 109.0 125.2 133.5 133.5 130.1 127.2 119.8 107.8
Growth +2.6% −14.9% +14.9% +6.7% +0.0% −2.5% −2.2% −5.8% −10.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 8.4% a year over five years.
  • The diluted share count fell 19.2% in five years, so buybacks did some of the work per share.
  • Operating margin is up 21.0 points on five years ago, at 27.1%.
  • A net loss in 4 of 10 years on file.