Iridium Communications Inc. income statement
In fiscal 2025, Iridium Communications Inc. reported revenue of $872m, up 4.9% on the year before, operating income of $236m (a 27.1% margin) and net income of $114m, or $1.06 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 76 | 348 | 384 | 384 | 383 | 409 | 411 | 434 | 448 | 523 | 560 | 583 | 615 | 721 | 791 | 831 | 872 | 903 |
| Research and development | 6 | 19 | 19 | 16 | 11 | 18 | 16 | 16 | 15 | 22 | 14 | 12 | 12 | 16 | 20 | 28 | 20 | 22 |
| Selling, general and administrative | 17 | 67 | 66 | 68 | 75 | 79 | 81 | 83 | 84 | 98 | 93 | 90 | 100 | 124 | 144 | 168 | 158 | 230 |
| Operating income | −13 | 37 | 77 | 105 | 110 | 123 | 74 | 176 | 115 | 42 | 10 | 35 | 46 | 77 | 82 | 200 | 236 | 172 |
| Interest expense | — | 0 | 0 | 0 | 1 | 51 | 65 | 78 | 87 | — | — | — | — | — | 15 | 15 | 15 | — |
| Net interest income | 1 | 1 | 1 | 1 | 2 | 4 | 3 | 3 | 4 | −55 | −115 | −94 | −74 | −65 | −90 | −91 | −88 | −86 |
| Income before tax | −46 | 35 | 66 | 95 | 110 | 116 | 73 | 178 | 120 | −21 | −218 | −89 | −29 | 11 | −5 | 110 | 145 | 84 |
| Income tax | −4 | 15 | 25 | 30 | 48 | 41 | 66 | 67 | −114 | −7 | −56 | −33 | −20 | 0 | −26 | 12 | 28 | 22 |
| Net income | −42 | 20 | 41 | 65 | 63 | 75 | 7 | 111 | 234 | −13 | −162 | −56 | −9 | 9 | 15 | 113 | 114 | 163 |
| Diluted EPS | −$0.78 | $0.27 | $0.56 | $0.83 | $0.71 | $0.69 | −$0.09 | $0.89 | $1.82 | −$0.22 | −$1.33 | −$0.42 | −$0.07 | $0.07 | $0.12 | $0.94 | $1.06 | $1.52 |
| Diluted shares (average) | 54m | 73m | 74m | 78m | 88m | 109m | 95m | 125m | 128m | 109m | 125m | 133m | 134m | 130m | 127m | 120m | 108m | 107m |
| EBITDA | 9 | 128 | 175 | 186 | 185 | 196 | 126 | 226 | 238 | 260 | 308 | 339 | 352 | 380 | 402 | 404 | 446 | 394 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 213 | 215 | 217 | 227 | 213 | 219 | 225 | 246 |
| Research and development | 9 | 5 | 4 | 5 | 5 | 6 | 6 | 5 |
| Selling, general and administrative | 41 | 36 | 45 | 36 | 42 | 46 | 67 | 75 |
| Operating income | 52 | 60 | 50 | 70 | 55 | 51 | 34 | 32 |
| Net interest income | −22 | −22 | −23 | −23 | −21 | −19 | −19 | −27 |
| Income before tax | 31 | 37 | 27 | 48 | 33 | 31 | 14 | 5 |
| Income tax | −6 | 6 | 4 | 10 | 8 | 9 | 3 | 2 |
| Net income | 36 | 30 | 22 | 37 | 25 | 22 | 10 | 107 |
| Diluted EPS | $0.31 | $0.27 | $0.20 | $0.35 | $0.24 | $0.20 | $0.09 | $0.98 |
| EBITDA | 104 | 112 | 103 | 123 | 108 | 104 | 88 | 94 |
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