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

Employees

877

IRDM Metrics

BasicAdvanced
$1.8B
14.88
$1.14
0.70
$0.57
3.55%

What the Analysts think about IRDM

Analyst ratings (Buy, Hold, Sell) for Iridium Communications stock.

Bulls say / Bears say

Iridium reported total revenue of $226.9 million for the third quarter, up 7% year-over-year, supported by a 3% rise in service revenue to $165.2 million, showing continued strong demand for its satellite services.
Operational EBITDA grew 10% year-over-year to $136.6 million in Q3 2025, reflecting improved margin leverage as fixed network costs are spread out over higher revenue.
Iridium’s multi-year Enhanced Mobile Satellite Services (EMSS) contract with the U.S. Space Force will increase its fixed-price airtime rate to $110.5 million for the contract year starting September 15, 2025, ensuring stable government revenue.
Iridium’s net leverage remains high at 3.6x trailing twelve-month OEBITDA as of Q2 2025, restricting balance-sheet flexibility and raising the risk of higher interest expenses in a rising-rate environment.
Core service revenue growth has slowed to low single digits, with just a 2% increase in Q2 and 3% in Q3 2025, indicating that both commercial and government markets are maturing.
Competition in the defense sector is getting tougher: SES won an $89.6 million contract with the U.S. Army and Boeing secured a $2.8 billion Strategic Satellite Communications program contract, which could make contract renewals and pricing more challenging for Iridium in the future.
Data summarised monthly by Lightyear AI. Last updated on 1 Nov 2025.

IRDM Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

IRDM Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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