IRDM on Nasdaq

Iridium Communications

Logo: Iridium, Public domain, via Wikimedia Commons4

American satellite communications company

Iridium Communications Inc. is a publicly traded American satellite communications company headquartered in McLean, Virginia.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

2001Founded1

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  • TickerIRDM on Nasdaq1
  • Industrytelecommunications industry1
  • HeadquartersMcLean1
  • Websitewww.iridium.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address1676 International Drive, Suite 1100, Mclean, Va 221025
  • Filer categoryLarge accelerated filer5

Iridium Communications Inc. is a publicly traded American satellite communications company headquartered in McLean, Virginia. Its principal operating subsidiary is Iridium Satellite LLC. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are operational satellites and fourteen function as in-orbit spares. Iridium satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers. The company is also developing standards-based direct-to-device satellite connectivity for conventional mobile and Internet of things devices. Iridium's satellites also host the space-based Automatic Dependent Surveillance–Broadcast (ADS-B) receivers operated by Aireon, which became a wholly owned subsidiary of Iridium in 2026. The nearly polar orbits and communication between satellites via inter-satellite links provide global service availability.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

27.1%Operating margin7
13.1%Net margin7
4.9%Revenue growth, 20257
24.7%Return on equity7
3.80×Debt to equity7
$299.8MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service brought in 54% of the revenue Iridium Communications broke down this way in fiscal 2025.

  1. Service$634.0M754%up 3% from 2024
  2. Commercial IoT Data Services$181.4M716%up 9% from 2024
  3. Engineering and Support Services$156.6M713%up 26% from 2024
  4. Manufactured Product, Other$81.1M77%down 11% from 2024
  5. Hosted Payload and Other Data Services$61.6M75%up 2% from 2024
  6. Commercial Broadband Services$50.7M74%down 10% from 2024
Products and services by year
Products and services202320242025
Service$584.5M$614.9M$634.0M
Commercial IoT Data Services$141.0M$166.2M$181.4M
Engineering and Support Services$101.1M$124.4M$156.6M
Manufactured Product, Other$105.1M$91.4M$81.1M
Hosted Payload and Other Data Services$60.3M$60.2M$61.6M
Commercial Broadband Services$57.9M$56.1M$50.7M

Regions

United States brought in 55% of the revenue Iridium Communications broke down this way in fiscal 2025.

  1. United States$479.0M755%up 9% from 2024
  2. Rest of the world$308.5M735%up 1% from 2024
  3. Canada$84.1M710%down 5% from 2024
Regions by year
Regions202320242025
United States$431.5M$438.0M$479.0M
Rest of the world$293.5M$304.3M$308.5M
Canada$65.8M$88.4M$84.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development2¢$19.8M
  • Selling, general and admin18¢$157.7M
  • Other costs62¢$537.5M
  • Interest2¢$14.7M
  • Income tax3¢$27.6M
  • Profit13¢$114.4M

Out of $871.7M in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending25¢$100.3M
  • Dividends paid16¢$62.9M
  • Share buybacks47¢$186.5M
  • Kept or used elsewhere13¢$50.5M

Out of $400.1M of cash from operations.7

Financial statements

Revenue8910117$871.7M in 2025+56% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $560.4M$560.4M20192020: $583.4M$583.4M2020+4%2021: $614.5M$614.5M2021+5%2022: $721.0M$721.0M2022+17%2023: $790.7M$790.7M2023+10%2024: $830.7M$830.7M2024+5%2025: $871.7M$871.7M2025+5%
Operating income8910117$236.0M in 2025+2232% since 2019
0$100.0M$200.0M$300.0M2019: $10.1M$10.1M20192020: $35.5M$35.5M2020+251%2021: $46.3M$46.3M2021+31%2022: $76.7M$76.7M2022+66%2023: $81.6M$81.6M2023+6%2024: $200.4M$200.4M2024+145%2025: $236.0M$236.0M2025+18%
Net income8910117$114.4M in 2025
-$200.0M-$100.0M0$100.0M$200.0M2019: -$162.0M-$162.0M20192020: -$56.1M-$56.1M2020−65%2021: -$9.3M-$9.3M2021−83%2022: $8.7M$8.7M20222023: $15.4M$15.4M2023+77%2024: $112.8M$112.8M2024+632%2025: $114.4M$114.4M2025+1%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Total Revenue$871.7M$830.7M$790.7M
Research and development$19.8M$28.4M$20.3M
Selling, general and administrative$157.7M$168.2M$143.7M
Depreciation and amortization$210.2M$203.1M$320.0M
Total operating expenses$635.7M$630.3M$709.1M
Operating income$236.0M$200.4M$81.6M
Interest expense, net-$88.3M-$91.1M-$90.4M
Other income (expense), net-$2.9M$534.0K$4.0M
Total other expense-$91.2M-$90.6M-$86.4M
Income (loss) before income taxes and equity in net earnings of affiliates$144.8M$109.8M-$4.7M
Income tax (expense) benefit$27.6M$12.3M-$26.3M
(Gain) loss on equity method investments-$2.8M$15.3M-$6.1M
Net Income (Loss) Attributable to Parent, Total$114.4M$112.8M$15.4M
Weighted average shares outstanding - basic107.2M shares118.6M shares125.6M shares
Weighted Average Number of Shares Outstanding, Diluted107.8M shares119.8M shares127.2M shares
Earnings Per Share, Basic and Diluted$1.07$0.95$0.12
Earnings Per Share, Diluted$1.06$0.94$0.12
Foreign currency translation adjustments$3.1M-$3.1M-$58.0K
Loss from Components Excluded from Assessment of Cash Flow Hedge Effectiveness-$20.9M-$12.5M-$17.6M
Comprehensive income (loss)$96.5M$97.1M-$2.2M

Compare Iridium Communications with another company

The story

The Iridium communications service was launched on November 1, 1998, formerly known as Iridium SSC. The first Iridium call was made from Vice President of the United States Al Gore to Gilbert M. Grosvenor, the great-grandson of Alexander Graham Bell and chairman of the National Geographic Society. Motorola provided the technology and major financial backing. The logo of the company represents the Big Dipper. The company derives its name from the chemical element iridium, which has an atomic number of 77, equaling the initial number of satellites which were calculated to be required for global coverage. However, due to optimizations of orbit trajectories, technology updates and real-world conditions, only 66 are required for global coverage. A total of 95 first-generation satellites were launched.

On August 13, 1999, nine months after the launch of the organization, the founding company went into Chapter 11 bankruptcy. The handsets could not operate as promoted until the entire constellation of satellites was in place, requiring a massive initial capital cost of billions of dollars. The cost of service dissuaded many potential users. Reception indoors was difficult and the handheld devices, when compared to terrestrial cellular mobile phones, were bulkier and more expensive, both of which discouraged adoption among potential users.

Mismanagement is another major factor that was cited in the original program's failure. In 1999, CNN writer David Rohde detailed how he applied for Iridium service and was sent information kits, but was never contacted by a sales representative. He encountered programming problems on Iridium's website, and a "run-around" from the company's representatives. After Iridium filed bankruptcy, it cited "difficulty gaining subscribers."

The initial commercial failure of Iridium had a damping effect on other proposed commercial satellite constellation projects, including Teledesic. Other schemes (Orbcomm, ICO Global Communications, and Globalstar) followed Iridium into bankruptcy protection, while a number of other proposed schemes were never even constructed.

In August 2000, Motorola announced that the Iridium satellites would have to be deorbited. Despite this, they remained in orbit and operational. In December 2000, the US government stepped in to save Iridium by providing US$72 million in exchange for a two-year contract. They also approved the fire sale of the company from US bankruptcy court for $25 million in March 2001. This erased over $4 billion in debt.

Iridium service was restarted in 2001, by the newly founded Iridium Satellite LLC, which was owned by a group of private investors.

On February 10, 2009, the Iridium 33 satellite collided with a defunct Russian satellite, named Kosmos 2251, 800 kilometres (500 mi) over Siberia. Two large debris clouds were created.

Iridium NEXT launch campaign

Iridium replaced its original constellation by sending 75 new Iridium satellites into space on SpaceX Falcon 9 rockets in a series of 8 launches. The campaign also consisted of upgrades to Iridium ground infrastructure.

Read the full text

The Iridium NEXT launch campaign was announced in 2007. Within three years, Iridium completed financing and began work on launching new satellites. In June 2010, Iridium announced a fixed-price contract with Thales Alenia Space for the design and construction of the next-generation satellites for the upgraded constellation. Two weeks later, Iridium announced a $492 million contract designating the Falcon 9 as a major provider of launch services for the Iridium NEXT campaign, becoming the largest single commercial launch deal ever signed (simultaneously representing a benchmark in cost-effective satellite delivery to space). The total expenditures of approximately $2.9 billion were partially financed with debt: between 2010 and 2017, the debt of Iridium Communications Inc. grew from $37.4 millions to $1,455.6 millions.

On January 14, 2017, 10 years after the campaign was first announced, the first of eight Iridium NEXT launches took place with SpaceX from Vandenberg Air Force Base in California. Over the next two years, Iridium sent an additional 65 satellites into low Earth orbit to completely replace the original satellite constellation. The final Iridium NEXT launch took place on January 11, 2019, less than two years after the first launch.

The Iridium NEXT network initially consisted of 66 operational satellites and nine in-orbit spares. Five additional ground spare satellites were launched on May 20, 2023, increasing the deployed constellation to 80 satellites, including 14 in-orbit spares.

From Wikipedia’s article on Iridium Communications, shared under CC BY-SA 4.0.6

Leadership

Who has led Iridium Communications, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (36)

Products and brands

  • Iridium satellite constellation

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Former names

  • GHL Acquisition Corp.Nov 30, 2007 to Sep 25, 20095

Timeline

  1. Dec 3, 2013New chief executive Donald Lee Thoma becomes CEO16
  2. Sep 30, 2009New chief executive Matthew J. Desch becomes CEO17
  3. Sep 24, 2009Went public Listed on NASDAQ1
  4. Feb 14, 2008New chief executive Scott L. Bok becomes CEO18
  5. 2001Founded Founded1

Filings

622 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 64 major events, 439 insider forms, 38 large holders, 61 other. The latest 20:

  1. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  2. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  3. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  4. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  5. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  6. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  7. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  8. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  10. Sep 24, 20268-K EDGAR
  11. Sep 18, 2026425 EDGAR
  12. Sep 18, 20268-K EDGAR
  13. Sep 16, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. Sep 15, 2026144 EDGAR
  15. Sep 15, 2026425 EDGAR
  16. Sep 15, 20268-K EDGAR
  17. Sep 4, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  18. Sep 3, 2026144 EDGAR
  19. Sep 3, 2026425 EDGAR
  20. Sep 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR

The 622 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 38 such filings since October 2021, the latest 10:

  1. Aug 13, 2026SCHEDULE 13G
  2. Aug 12, 2026SCHEDULE 13G/A
  3. Aug 4, 2026SCHEDULE 13D/A
  4. Apr 29, 2026SCHEDULE 13G
  5. Apr 2, 2026SCHEDULE 13D/A
  6. Mar 26, 2026SCHEDULE 13G/A
  7. Mar 5, 2026SCHEDULE 13G/A
  8. Feb 13, 2026SCHEDULE 13G/A
  9. Feb 13, 2026SCHEDULE 13G
  10. Jan 8, 2026SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.13,447,338$737.6M0.0%−492,280
Aqr Capital Management LLC6,847,072$374.3M0.1%+3,929,245
Vanguard Portfolio Management LLC5,440,399$298.4M0.0%−651,350
American Century Companies Inc4,856,440$266.4M0.1%+1,386,486
State Street Corp4,733,714$259.6M0.0%−316,452
Vanguard Capital Management LLC4,232,161$232.1M0.0%+120,836
Silver Heights Capital Management Inc3,274,947$179.6M55.4%−1,870,532
Gotham Asset Management, LLC2,514,317$137.9M0.3%−839,654
Dimensional Fund Advisors LP2,357,845$129.3M0.0%+198,784
Van Eck Associates Corp2,270,799$124.6M0.1%+766,171
Geode Capital Management, LLC2,044,823$112.2M0.0%+37,812
Morgan Stanley1,517,404$83.2M0.0%−65,933
Charles Schwab Investment Management Inc1,317,782$72.3M0.0%−48,223
ARK Investment Management LLC1,215,113$66.6M0.4%−511,689
Bank of New York Mellon Corp1,144,055$62.8M0.0%−6,395
UBS Group AG1,005,602$55.2M0.0%−278,959
Balyasny Asset Management L.P.967,572$53.1M0.1%+844,017
Invesco Ltd.908,134$49.8M0.0%−79,792
Northern Trust Corp854,112$46.8M0.0%−9,382
Jpmorgan Chase & Co789,191$43.3M0.0%+80,894
Arrowstreet Capital, Limited Partnership754,424$41.4M0.0%−346,807
Goldman Sachs Group Inc726,762$39.9M0.0%−201,626
Vanguard Fiduciary Trust Co657,958$36.1M0.0%+21,103
Schroder Investment Management Group641,884$35.0M0.0%−640,755
Renaissance Technologies LLC609,799$33.4M0.0%+481,699

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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