Iridium Communications Inc. (IRDM) financial statements: income statement, balance sheet and cash flow
Iridium Communications Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Iridium Communications Inc. reported revenue of $871.7M (+4.9% year on year) and net income of $114.4M (+1.4% year on year).
Income statement
Iridium Communications Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total Revenue
$871.7M
$830.7M
$790.7M
$721.0M
Cost of Product and Service Sold
$248.0M
$230.6M
$225.1M
$201.1M
Research and development
$19.8M
$28.4M
$20.3M
$16.2M
Selling, general and administrative
$157.7M
$168.2M
$143.7M
$123.5M
Depreciation and amortization
$210.2M
$203.1M
$320.0M
$303.5M
Total operating expenses
$635.7M
$630.3M
$709.1M
$644.4M
Operating income
$236.0M
$200.4M
$81.6M
$76.7M
Interest expense, net
($88.3M)
($91.1M)
($90.4M)
($65.1M)
Other income (expense), net
($2.9M)
$534.0K
$4.0M
$107.0K
Total other expense
($91.2M)
($90.6M)
($86.4M)
($67.7M)
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)
$292.0K
(Gain) loss on equity method investments
($2.8M)
$15.3M
($6.1M)
($1.5M)
Net Income (Loss) Attributable to Parent, Total
$114.4M
$112.8M
$15.4M
$8.7M
Weighted average shares outstanding - basic
107.2M
118.6M
125.6M
128.3M
Weighted Average Number of Shares Outstanding, Diluted
107.8M
119.8M
127.2M
130.1M
Earnings Per Share, Basic and Diluted
$1.07
$0.95
$0.12
$0.07
Earnings Per Share, Diluted
$1.06
$0.94
—
—
Net income
$114.4M
$112.8M
—
—
Foreign currency translation adjustments
$3.1M
($3.1M)
($58.0K)
($53.0K)
Loss from Components Excluded from Assessment of Cash Flow Hedge Effectiveness
($20.9M)
—
—
—
Comprehensive income (loss)
$96.5M
$97.1M
($2.2M)
$67.3M
Iridium Communications Inc. income statement, quarters
Line item
Sep 30, 2026 · Q3
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Total revenue
$245.7M
$225.2M
$219.1M
$226.9M
Cost of Product and Service Sold
$72.3M
$64.8M
$62.6M
$63.4M
Research and development
$4.8M
$5.5M
$6.2M
$4.9M
Selling, general and administrative
$74.9M
$67.0M
$45.8M
$35.5M
Depreciation and amortization
$62.1M
$53.9M
$53.7M
$53.0M
Total operating expenses
$214.1M
$191.2M
$168.3M
$156.8M
Operating income
$31.6M
$34.0M
$50.7M
$70.1M
Interest expense, net
($26.8M)
($19.2M)
($19.4M)
($22.6M)
Other income (expense), net
$384.0K
($448.0K)
($194.0K)
$372.0K
Total other expense, net
($26.4M)
($19.7M)
($19.6M)
($22.2M)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
$5.2M
$14.3M
$31.2M
$47.9M
Income tax expense
($2.2M)
($3.1M)
($8.8M)
($10.0M)
Gain (loss) on equity method investments, net
$103.9M
($1.5M)
($732.0K)
($734.0K)
Weighted Average Number of Shares Outstanding, Basic
107.4M
107.0M
105.8M
106.1M
Weighted Average Number of Shares Outstanding, Diluted
108.9M
108.5M
106.6M
106.5M
Earnings Per Share, Basic
$1.00
$0.09
$0.20
$0.35
Earnings Per Share, Diluted
$0.98
$0.09
$0.20
$0.35
Net income
$106.9M
$9.7M
$21.6M
$37.1M
Foreign currency translation adjustments
($758.0K)
$393.0K
$40.0K
($315.0K)
Comprehensive income
$103.6M
$6.7M
$19.5M
$32.2M
Balance sheet
Iridium Communications Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$96.5M
$93.5M
$71.9M
$168.8M
Accounts receivable, net
$93.8M
$98.8M
$91.7M
$82.3M
Inventory
$73.8M
$81.3M
$91.1M
$39.8M
Prepaid expenses and other current assets
$12.5M
$19.1M
$16.4M
$15.4M
Total current assets
$276.5M
$292.7M
$271.1M
$306.2M
Total property and equipment, net of accumulated depreciation
$2.0B
$2.1B
$2.2B
$2.4B
Equity Method Investments
$39.8M
$42.5M
$67.1M
$49.9M
Other assets
$50.7M
$66.6M
$86.7M
$122.1M
Intangible assets, net
$86.9M
$90.9M
$41.1M
$42.6M
Goodwill
$98.9M
$98.2M
—
—
Total assets
$2.5B
$2.7B
$2.7B
$3.0B
Short-Term Debt
$3.4M
$33.1M
$15.0M
—
Accounts payable
$17.7M
$19.7M
$28.7M
$21.4M
Accrued expenses and other current liabilities
$49.5M
$64.8M
$54.8M
$68.0M
Deferred revenue
$41.1M
$51.6M
$33.1M
$35.7M
Total current liabilities
$111.7M
$169.2M
$131.6M
$141.6M
Total Long Term Debt, Net
$1.8B
$1.8B
$1.5B
—
Deferred income tax liabilities, net
$130.5M
$114.1M
$114.6M
$151.6M
Deferred revenue, net of current portion
$40.3M
$38.3M
$44.0M
$45.3M
Other long-term liabilities
$28.8M
$15.5M
$16.0M
$16.4M
Total liabilities
$2.1B
$2.1B
$1.8B
$1.8B
Common stock, $0.001 par value, 300,000 shares authorized, 104,918 and 110,357 shares issued and outstanding at December 31, 2025 and 2024, respectively
105.0K
110.0K
123.0K
126.0K
Additional paid-in capital
$880.6M
$964.3M
$1.1B
$1.1B
Accumulated deficit
($418.6M)
($406.1M)
($235.4M)
($47.7M)
Accumulated other comprehensive income, net of tax
$406.0K
$18.3M
$33.9M
$51.6M
Total stockholders’ equity
$462.6M
$576.6M
$888.1M
$1.1B
Total liabilities and stockholders’ equity
$2.5B
$2.7B
$2.7B
$3.0B
Common Stock, Shares, Outstanding
104.9M
—
—
—
Iridium Communications Inc. balance sheet, quarters
Line item
Sep 30, 2026
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Cash and cash equivalents
$97.9M
$184.2M
$111.6M
$88.5M
Accounts receivable, net
$118.8M
$104.5M
$104.4M
$94.5M
Inventory
$62.5M
$63.5M
$69.7M
$76.2M
Prepaid expenses and other current assets
$27.5M
$24.9M
$23.4M
$16.7M
Total current assets
$306.7M
$377.1M
$309.1M
$276.0M
Property and equipment, net
$2.1B
$1.9B
$2.0B
$2.0B
Equity Method Investments
$1.2M
$37.5M
$39.0M
$40.4M
Other assets
$84.4M
$41.9M
$46.9M
$57.8M
Intangible assets, net
$361.9M
$82.7M
$84.8M
$87.9M
Goodwill
$266.1M
$98.9M
$98.9M
$98.9M
Total assets
$3.1B
$2.6B
$2.5B
$2.6B
Short-term secured debt
$214.3M
$12.5M
$8.0M
$0
Accounts payable
$8.8M
$11.5M
$11.8M
$13.2M
Accrued expenses and other current liabilities
$83.1M
$74.3M
$50.6M
$48.6M
Deferred revenue
$31.0M
$37.2M
$38.1M
$41.5M
Total current liabilities
$337.3M
$135.5M
$108.4M
$103.2M
Long-term secured debt, net
$1.9B
$1.7B
$1.8B
$1.8B
Deferred income tax liabilities, net
$170.5M
$138.4M
$137.6M
$125.8M
Deferred revenue, net of current portion
$31.9M
$42.0M
$36.9M
$35.4M
Other long-term liabilities
$40.4M
$27.3M
$27.8M
$29.2M
Total liabilities
$2.5B
$2.1B
$2.1B
$2.1B
Common stock, $0.001 par value, 300,000 shares authorized, 106,154 and 104,918 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively
106.0K
106.0K
106.0K
105.0K
Additional paid-in capital
$865.3M
$864.4M
$866.9M
$889.4M
Accumulated deficit
($280.4M)
($387.3M)
($397.0M)
($443.4M)
Accumulated other comprehensive income (loss), net of tax
($8.0M)
($4.7M)
($1.7M)
$4.4M
Total stockholders’ equity
$577.0M
$472.5M
$468.4M
$450.5M
Total liabilities and stockholders’ equity
$3.1B
$2.6B
$2.5B
$2.6B
Cash flow statement
Iridium Communications Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$114.4M
$112.8M
$15.4M
$8.7M
Deferred income taxes
$22.2M
$6.6M
($31.8M)
($1.2M)
Depreciation and amortization
$210.2M
$203.1M
$320.0M
$303.5M
Stock-based compensation (net of amounts capitalized)
$51.6M
$63.5M
$57.5M
$43.7M
Amortization of deferred financing fees
$2.8M
$2.5M
$3.7M
$4.6M
(Gain) loss on equity method investments
$2.8M
($15.3M)
$6.1M
—
All other items, net
$3.8M
$715.0K
$732.0K
$2.1M
Accounts receivable
$5.6M
($6.4M)
($9.5M)
($18.7M)
Inventory
$4.7M
$9.8M
($51.0M)
($10.2M)
Prepaid expenses and other current assets
$7.4M
($3.0M)
($1.2M)
($4.2M)
Other assets
$6.4M
$5.5M
$3.0M
$3.4M
Accounts payable
($4.7M)
($18.8M)
$2.8M
$4.7M
Accrued expenses and other current liabilities
($12.2M)
$9.8M
$4.9M
$5.9M
Deferred revenue
($10.2M)
$6.8M
($3.0M)
$4.9M
Other long-term liabilities
($4.6M)
($1.8M)
($2.8M)
($3.8M)
Net cash provided by operating activities
$400.1M
$376.0M
$314.9M
$344.7M
Capital expenditures
($100.3M)
($69.9M)
($73.5M)
($71.3M)
Investment in related parties
$0
$0
$10.0M
$50.0M
Net cash used in investing activities
($100.3M)
($180.6M)
($83.5M)
($121.3M)
Borrowings under the Term Loan
$0
$419.8M
$63.9M
$0
Payments on the Term Loan
($33.0M)
($114.2M)
($72.3M)
($116.5M)
Proceeds from Lines of Credit
$50.0M
—
—
—
Repayments of Lines of Credit
($50.0M)
—
—
—
Repurchases of common stock
($186.5M)
($407.7M)
($247.0M)
($257.1M)
Payment of deferred financing fees
$0
($345.0K)
($1.2M)
$0
Proceeds from exercise of stock options
$1.1M
$3.4M
$4.0M
$3.9M
Tax payments upon settlement of stock awards
($18.7M)
($6.7M)
($9.7M)
($5.3M)
Payment of common stock dividends
($62.9M)
($64.7M)
($64.8M)
—
Net cash used in financing activities
($299.9M)
($170.5M)
($327.1M)
($375.0M)
Effect of exchange rate changes on cash and cash equivalents
$3.1M
($3.2M)
($1.3M)
($625.0K)
Net increase (decrease) in cash and cash equivalents and restricted cash
$3.0M
$21.7M
($96.9M)
($152.1M)
Cash, cash equivalents and restricted cash, beginning of period
$93.5M
$71.9M
$168.8M
$320.9M
Cash, cash equivalents and restricted cash, end of period
$96.5M
$93.5M
$71.9M
$168.8M
Interest paid, net of amounts capitalized
$90.2M
$95.3M
$91.9M
$63.9M
Income taxes paid, net
$7.0M
$5.2M
$4.2M
$2.2M
Property and equipment received but not paid for yet
$10.9M
$13.2M
$7.1M
$5.7M
Capitalized stock-based compensation
$5.7M
$4.9M
$6.7M
$4.6M
Dividends accrued on common stock
$3.5M
$2.5M
$1.3M
$16.6M
Iridium Communications Inc. cash flow statement, quarters
Line item
Sep 30, 2026 · YTD
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Net income
$138.2M
$31.3M
$21.6M
$89.5M
Deferred income taxes
$10.9M
$9.6M
$7.7M
$15.8M
Depreciation and amortization
$169.7M
$107.6M
$53.7M
$157.5M
Accretion of seller loan discount
$2.6M
—
—
—
Stock-based compensation (net of amounts capitalized)
$49.0M
$28.7M
$11.4M
$44.0M
Amortization of deferred financing fees
$2.1M
$1.4M
$674.0K
$2.1M
Gain (loss) on equity method investments, net
($101.6M)
$2.2M
$732.0K
$2.2M
All other items, net
$545.0K
$414.0K
$170.0K
$616.0K
Accounts receivable
($817.0K)
($10.6M)
($10.6M)
$4.8M
Inventory
$11.3M
$10.3M
$4.1M
$5.3M
Prepaid expenses and other current assets
($12.3M)
($12.3M)
($11.0M)
$2.9M
Other assets
$4.9M
$1.5M
$979.0K
$5.2M
Accounts payable
($9.7M)
($6.4M)
($4.7M)
($6.0M)
Accrued expenses and other current liabilities
$20.5M
$26.9M
$4.9M
($14.0M)
Deferred revenue
($1.1M)
($2.5M)
($6.3M)
($14.3M)
Other long-term liabilities
($2.5M)
($2.4M)
($1.9M)
($4.1M)
Net cash provided by operating activities
$281.7M
$185.8M
$71.6M
$291.5M
Capital expenditures
($79.2M)
($51.8M)
($30.0M)
($66.8M)
Net cash used in investing activities
($259.0M)
($51.8M)
($30.0M)
($66.8M)
Payments on the Term Loan
($3.3M)
$0
$0
($33.0M)
Proceeds from Lines of Credit
$100.0M
$0
$0
$50.0M
Repurchases of common stock
$0
$0
$0
($186.5M)
Proceeds from exercise of stock options
$772.0K
$541.0K
$67.0K
$1.1M
Tax payment upon settlement of stock awards
$18.8M
$14.8M
$9.9M
$17.1M
Payments of Ordinary Dividends, Common Stock
($49.0M)
($32.7M)
($16.5M)
($46.9M)
Net cash used in financing activities
($20.3M)
($47.0M)
($26.3M)
($232.4M)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
($1.0M)
$693.0K
($174.0K)
$2.7M
Net increase (decrease) in cash and cash equivalents, and restricted cash
$1.4M
$87.7M
$15.1M
($5.0M)
Cash, cash equivalents, and restricted cash, beginning of period
$96.5M
$96.5M
$96.5M
$93.5M
Cash, cash equivalents, and restricted cash, end of period