Iridium Communications Inc (IRDM) Income Statement
IRDM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsIRDM revenue and net income
Where IRDM's revenue goes
2025Each bar shows an amount and its share of revenue. IRDM kept 13.1% of revenue as net income.
IRDM profit margins
IRDM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.9% | +6.5% | +8.4% | +7.8% |
| Gross profit | +69.8% | +46.0% | +37.4% | +10.1% |
| Operating income | +16.0% | +45.5% | +46.1% | +3.9% |
| Net income | +1.4% | +135.8% | — | +32.0% |
| EPS (diluted) | +28.2% | +149.7% | — | +2.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
IRDM quarterly EPS vs estimates
Iridium Communications beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.29).
IRDM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $871.7M | $830.7M | $790.7M | $721.0M | $614.5M | $583.4M | $560.4M | $523.0M | $448.0M | $433.6M |
| Cost of revenue | $197.6M | $433.7M | $507.6M | $504.6M | $455.8M | $445.9M | $442.8M | $361.1M | $247.1M | $158.6M |
| Gross profit | $674.1M | $397.0M | $283.1M | $216.4M | $158.7M | $137.6M | $117.6M | $161.9M | $200.9M | $275.0M |
| Research & development | $19.8M | $28.4M | $20.3M | $16.2M | $11.9M | $12.0M | $14.3M | $22.4M | $15.2M | $16.1M |
| Sales, general & admin | $157.7M | $168.2M | $143.7M | $123.5M | $100.5M | $90.1M | $93.2M | $97.8M | $84.4M | $82.6M |
| Total operating expenses | $438.1M | $193.5M | $164.0M | $139.7M | $112.4M | $102.1M | $107.5M | $120.3M | $99.7M | $98.6M |
| Operating income | $236.0M | $203.5M | $119.1M | $76.7M | $46.3M | $35.5M | $10.1M | $41.7M | $101.3M | $176.4M |
| Interest income | — | — | — | — | — | — | $115.4M | $69.7M | $4.3M | $2.9M |
| Interest expense | $98.1M | $102.8M | $102.3M | $72.1M | $73.9M | $98.6M | $140.1M | $55.1M | $24,999 | $1.3M |
| Income before taxes | $142.0M | $125.0M | −$10.8M | $9.0M | −$28.9M | −$89.0M | −$218.1M | −$20.6M | $119.6M | $178.2M |
| Income taxes | $27.6M | $12.3M | −$26.3M | $292,000 | −$19.6M | −$32.9M | −$56.1M | −$7.3M | −$114.3M | $67.1M |
| Net income | $114.4M | $112.8M | $15.4M | $8.7M | −$9.3M | −$56.1M | −$162.0M | −$13.4M | $233.9M | $111.0M |
| EBITDA | $440.4M | $415.7M | $380.1M | $386.1M | $350.4M | $312.8M | $219.7M | $252.7M | $241.9M | $228.9M |
| EPS (diluted) | $1.09 | $0.85 | $0.13 | $0.07 | −$0.06 | −$0.26 | −$1.30 | −$0.21 | $0.58 | $0.90 |
| Gross margin | 77.3% | 47.8% | 35.8% | 30.0% | 25.8% | 23.6% | 21.0% | 31.0% | 44.8% | 63.4% |
| Operating margin | 27.1% | 24.5% | 15.1% | 10.6% | 7.5% | 6.1% | 1.8% | 8.0% | 22.6% | 40.7% |
| Net margin | 13.1% | 13.6% | 1.9% | 1.2% | −1.5% | −9.6% | −28.9% | −2.6% | 52.2% | 25.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $225.2M | $219.1M | $212.9M | $226.9M | $216.9M | $214.9M | $213.0M | $212.8M | $201.1M | $203.9M | $194.7M | $197.6M |
| Cost of revenue | $51.3M | $49.6M | $44.4M | $116.4M | $117.7M | $113.3M | $111.7M | $107.8M | $104.2M | $110.1M | $108.4M | $131.0M |
| Gross profit | $173.9M | $169.4M | $168.5M | $110.5M | $99.2M | $101.6M | $101.3M | $105.0M | $96.9M | $93.8M | $86.3M | $66.6M |
| Research & development | $5.5M | $6.2M | $5.1M | $4.9M | $4.3M | $5.4M | $8.5M | $6.2M | $6.5M | $7.2M | $5.7M | $5.0M |
| Sales, general & admin | $67.0M | $45.8M | $41.8M | $35.5M | $44.6M | $35.8M | $40.7M | $44.0M | $46.7M | $36.8M | $34.3M | $33.4M |
| Total operating expenses | $139.9M | $118.7M | $113.3M | $40.5M | $48.9M | $41.2M | $48.9M | $49.7M | $53.2M | $44.0M | $40.0M | $38.4M |
| Operating income | $34.0M | $50.7M | $55.2M | $70.1M | $50.3M | $60.4M | $52.4M | $55.3M | $43.6M | $49.8M | $46.3M | $28.2M |
| Interest expense | $19.2M | $22.4M | $24.2M | $25.0M | $24.7M | $24.3M | $25.7M | $27.8M | $26.1M | $23.2M | $21.7M | $37.3M |
| Income before taxes | $14.3M | $30.4M | $32.9M | $47.1M | $25.8M | $36.2M | $30.1M | $30.5M | $36.9M | $27.6M | $28.4M | −$7.7M |
| Income taxes | $4.6M | $8.8M | $8.0M | $10.0M | $3.8M | $5.8M | −$6.2M | $6.0M | $4.6M | $7.9M | −$9.6M | −$6.0M |
| Net income | $9.7M | $21.6M | $24.9M | $37.1M | $22.0M | $30.4M | $36.3M | $24.4M | $32.3M | $19.7M | $38.0M | −$1.6M |
| EBITDA | $88.3M | $104.3M | $106.7M | $125.1M | $104.2M | $112.8M | $107.6M | $109.9M | $96.1M | $102.1M | $104.7M | $107.9M |
| EPS (diluted) | $0.19 | $0.20 | $0.27 | $0.35 | $0.20 | $0.27 | $0.30 | $0.22 | $0.16 | $0.17 | $0.29 | −$0.01 |
| Gross margin | 77.2% | 77.3% | 79.1% | 48.7% | 45.7% | 47.3% | 47.6% | 49.3% | 48.2% | 46.0% | 44.3% | 33.7% |
| Operating margin | 15.1% | 23.2% | 25.9% | 30.9% | 23.2% | 28.1% | 24.6% | 26.0% | 21.7% | 24.4% | 23.8% | 14.2% |
| Net margin | 4.3% | 9.9% | 11.7% | 16.4% | 10.1% | 14.2% | 17.1% | 11.5% | 16.1% | 9.6% | 19.5% | −0.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in IRDM's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
IRDM financial results
In fiscal year 2025 (ended December 31, 2025), Iridium Communications reported revenue of $871.7 million, up 4.9% from the year before. It had net income of $114.4 million (up 1.4%), a net profit margin of 13.1%. Diluted earnings per share came to $1.09. Over five years revenue grew at an average rate of 8.4% a year.
See the IRDM stock overview for the latest quote and news, or the IRDM chart for price history and technical indicators.
IRDM income statement FAQ
What is Iridium Communications's annual revenue?
Iridium Communications reported total revenue of $871.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 4.9% from $830.7 million the previous year.
Is Iridium Communications profitable?
Yes. Iridium Communications reported net income of $114.4 million in fiscal 2025, a net profit margin of 13.1%; its operating margin was 27.1%.
What is Iridium Communications's gross margin?
Iridium Communications's gross margin was 77.3% in fiscal 2025: for every $100 of revenue, Iridium Communications kept $77 after the direct cost of its products and services.
How much does Iridium Communications spend on research and development?
Iridium Communications spent $19.8 million on research and development in fiscal 2025, 2.3% of revenue.
How fast is Iridium Communications growing?
Revenue grew 8.4% a year on average over the last five fiscal years, from $583.4 million to $871.7 million.
What are Iridium Communications's earnings per share?
Iridium Communications earned $1.09 per diluted share in fiscal 2025, compared with $0.85 a year earlier.
When will Iridium Communications report its next earnings?
Iridium Communications is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.
When does Iridium Communications's fiscal year end?
Iridium Communications's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.