Iridium Communications Inc.

IRDM · Small cap · Calculated market cap · $5.1B · as of 2026-09-30

Company Stats

Market Cap: $5.1B; as of Sep 30, 2026
Enterprise Value: $6.8B
Shares Outstanding: 106.0M
Free Float: 87.8%

Income Statement

Revenue: $871.7M
Operating Income: $236.0M
Net Income: $114.4M
EBITDA: $446.2M
Revenue Growth, 3Y: 6.5%
FCF Margin, 3Y Avg: 33.9%
FCF Margin, Worst Year: 30.5%

Cash Flow

Free Cash Flow: $299.8M
FCF Yield: 5.9%
Owner FCF Yield: 4.9%

Balance Sheet

Cash & Equivalents: $96.5M
Total Debt: $1.8B
Net Debt: $1.7B
Net Debt / EBITDA: 3.76x
EV / EBITDA: 15.14x
Net Debt / EBIT: 7.11x

Returns & Capital

Dividends Paid: $62.9M
Dividend Yield: 1.2%
Dividend Payout, 3Y Avg: 177.5%
Share Repurchases: $186.5M
Buyback Yield, 3Y Avg: 5.5%
SBC, 3Y Avg: $57.5M

Cash Flow by Year

Year	Revenue	FCF	Margin
FY2025	$871.7M	$299.8M	34.4%
FY2024	$830.7M	$306.1M	36.8%
FY2023	$790.7M	$241.4M	30.5%
FY2022	$721.0M	$273.5M	37.9%
FY2021	$614.5M	$260.7M	42.4%

Annual filing data through FY ended December 31, 2025; shares and float as of October 30, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Company RSS

Earnings

Jul 22, 2026Iridium Accelerated Revenue Growth as Deal Costs Weighed on Profit

Other Coverage

November 8, 2026 Deals

Iridium Completes Aireon Deal as Rocket Lab Vote Passes September 28, 2026 QBook

Stronger demand supports expansion as pricing diverges August 14, 2026 Industry Earnings Roundup

Media Earnings: Demand, Outlook Broadly Upbeat as Costs Diverge August 10, 2026 Deals

Rocket Lab to Buy Iridium in $8 Billion Cash-and-Stock Deal July 22, 2026 Deals

Rocket Lab to Buy Iridium in $8 Billion Mixed-Cash Deal June 29, 2026 Earnings Digest

Bitmine Hits $9.8B Asset Mark; Rocket Lab to Acquire Iridium June 29, 2026 Deals

Rocket Lab to Buy Iridium in $8 Billion Mixed Deal June 29, 2026 Deals

Rocket Lab to Buy Iridium in $8 Billion Mixed Deal

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