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Iridium Communications/$IRDM

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About Iridium Communications

Iridium Communications Inc is the commercial provider of communications services offering true globalised coverage, connecting people, organizations, and assets to and from anywhere, in real time. The company is a provider of mobile voice and data communications services through a constellation of low-earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies world-wide. The Company operates in one business segment, providing satellite communications services and products.
Ticker
$IRDM
Sector
Communication
Primary listing
NASDAQ
Employees
975

IRDM Metrics

BasicAdvanced
$4.8B
29.47
$1.52
0.85
$0.60
1.34%

What the Analysts think about IRDM

Analyst ratings (Buy, Hold, Sell) for Iridium Communications stock.
Analyst projections of the future price of Iridium Communications stock.

Bulls say / Bears say

Billable subscribers rose 6% year on year, led by 9% growth in commercial IoT subscribers. That expanding base supports recurring service revenue, even as IoT revenue per subscriber has softened. (Iridium Communications)
Iridium is moving NTN Direct towards commercial use through mobile-network and chipset partners. Deutsche Telekom has made the service available to eligible IoT customers, while Altair is adding support to two cellular-IoT chipsets, widening the potential device market. (Deutsche Telekom, Iridium Communications)
The completed Aireon acquisition adds a space-based aircraft-surveillance business to Iridium’s communications network. Aireon-related hosted-payload and other data revenue helped lift third-quarter commercial service revenue, creating scope to broaden Iridium’s aviation offering. (Iridium Communications)
Underlying operating performance was weaker than the headline profit suggests: third-quarter operational EBITDA was slightly lower year on year, while operating income fell sharply. Net income included a one-off $103.9 million gain linked to the Aireon acquisition. (Iridium Communications, U.S. Securities and Exchange Commission)
Aireon has increased financial leverage: Iridium reported $2.1 billion of net debt and net leverage of 4.2 times trailing operational EBITDA at quarter-end. That debt load leaves less room to absorb weaker cash generation or higher financing costs. (Iridium Communications)
Several established services are losing momentum: commercial voice-and-data revenue fell 3% and broadband revenue fell 9% year on year in the quarter. IoT subscriber growth also came with a 4% decline in IoT revenue per subscriber, limiting the benefit of adding users. (U.S. Securities and Exchange Commission)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.

IRDM Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

IRDM Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing IRDM

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