Iridium Communications

Operates a 66-satellite LEO constellation providing pole-to-pole voice, data, IoT, and PNT services via cross-linked L-band satellites

$871.7M REVENUE FY25 $774.2M FED AWARDS 975 EMPLOYEES 2001 FOUNDED

What are Iridium Communications's financials?

SCORECARD
$871.7M Revenue FY25
+5% Rev growth YoY
+13% Net margin
Market cap
$774.2M Space fed-awards 1 agencies
TRAJECTORY
REVENUESEC FILINGS
FY20$583.4M+4%
FY21$614.5M+5%
FY22$721M+17%
FY23$790.7M+10%
FY24$830.7M+5%
FY25$871.7M+5%
PROFITABILITYNET INCOME / MARGIN
FY20-$56.1M-10%
FY21-$9.3M-2%
FY22$8.7M1%
FY23$15.4M2%
FY24$112.8M14%
FY25$114.4M13%
FINANCIALS
Line item FY25FY24FY23FY22FY21
Revenue $871.7M $830.7M $790.7M $721M $614.5M
Rev growth YoY +4.9% +5.1% +9.7% +17.3% +5.3%
Operating income $236M $200.4M $81.6M $76.7M $46.3M
Net income $114.4M $112.8M $15.4M $8.7M
Net margin +13.1% +13.6% +1.9% +1.2% -1.5%
EPS diluted 1.06 0.94 0.12 0.07
Assets $2.53B $2.67B $2.66B $2.95B $3.18B
Liabilities $2.07B $2.09B $1.77B $1.83B $1.89B
Equity $462.6M $576.6M $888.1M $1.13B $1.29B
Cash $96.5M $93.5M $71.9M $168.8M $320.9M
Operating cash flow $400.1M $376M $314.9M $344.7M $302.9M
R&D expense $19.8M $28.4M $20.3M $16.2M $11.9M
GOVERNMENT ALL CONTRACTS
$774.2M 14 AWARDS space-relevant
Defense 14 $774.2M
DATA & SOURCES
SEC EDGARfinancial statements
USAspending.govfederal prime-award obligations, space-relevant only