IRDM Stock - Iridium Communications Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $830.68M | $790.72M | $721.03M | $614.50M | $583.44M |
| Gross Profit | $396.99M | $283.10M | $216.40M | $158.67M | $137.57M |
| Gross Margin | 47.8% | 35.8% | 30.0% | 25.8% | 23.6% |
| Operating Income | $203.48M | $119.13M | $76.68M | $46.31M | $35.48M |
| Net Income | $112.78M | $15.41M | $8.72M | $-9,319,000 | $-56,054,000 |
| Net Margin | 13.6% | 1.9% | 1.2% | -1.5% | -9.6% |
| EPS | $0.95 | $0.12 | $0.07 | $-0.07 | $-0.42 |
Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services, and inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government's dedicated gateway. Further, it provides satellite handsets, personal connectivity devices, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. was founded in 2000 and is headquartered in McLean, Virginia.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 11th 2025 | Raymond James | Downgrade | Outperform | $26 |
| September 9th 2025 | BWS Financial | Downgrade | Sell | $16 |
| May 5th 2025 | Oppenheimer | Initiation | Outperform | $34 |
| April 22nd 2025 | William Blair | Upgrade | Outperform | - |
| January 24th 2025 | Cantor Fitzgerald | Initiation | Overweight | $40 |
| February 16th 2024 | BWS Financial | Downgrade | Neutral | $30 |
| February 15th 2024 | William Blair | Downgrade | Market Perform | - |
| September 18th 2023 | Deutsche Bank | Upgrade | Buy | $57 |
| July 27th 2023 | Barclays | Upgrade | Overweight | $65← $66 |
| June 22nd 2023 | Deutsche Bank | Initiation | Hold | $61 |
| October 19th 2022 | Barclays | Downgrade | Equal Weight | $45← $48 |
Earnings History & Surprises
IRDMEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 20, 2026 | — | — | — | — |
Q1 2026 | Feb 12, 2026 | $0.24 | — | — | — |
Q4 2025 | Oct 23, 2025 | $0.26 | $0.35 | +34.6% | ✓ BEAT |
Q3 2025 | Jul 24, 2025 | $0.23 | $0.20 | -13.0% | ✗ MISS |
Q2 2025 | Apr 22, 2025 | $0.22 | $0.27 | +22.7% | ✓ BEAT |
Q1 2025 | Feb 13, 2025 | $0.15 | $0.31 | +106.7% | ✓ BEAT |
Q4 2024 | Oct 17, 2024 | $0.20 | $0.21 | +5.0% | ✓ BEAT |
Q3 2024 | Jul 23, 2024 | $0.17 | $0.27 | +58.8% | ✓ BEAT |
Q2 2024 | Apr 18, 2024 | $0.15 | $0.16 | +6.7% | ✓ BEAT |
Q1 2024 | Feb 15, 2024 | $0.03 | $0.29 | +811.9% | ✓ BEAT |
Q4 2023 | Oct 19, 2023 | $-0.00 | $-0.01 | -135.8% | ✗ MISS |
Q3 2023 | Jul 25, 2023 | $-0.03 | $-0.24 | -759.3% | ✗ MISS |
Q2 2023 | Apr 20, 2023 | $0.00 | $0.08 | +2281.0% | ✓ BEAT |
Q1 2023 | Feb 16, 2023 | $-0.00 | $-0.01 | -471.4% | ✗ MISS |
Q4 2022 | Oct 20, 2022 | $0.02 | $0.02 | +17.6% | ✓ BEAT |
Q3 2022 | Jul 26, 2022 | $0.00 | $0.04 | +1042.9% | ✓ BEAT |
Q2 2022 | Apr 19, 2022 | $0.00 | $0.02 | +1526.0% | ✓ BEAT |
Q1 2022 | Feb 17, 2022 | $-0.03 | $-0.04 | -35.9% | ✗ MISS |
Q4 2021 | Oct 19, 2021 | $-0.01 | $-0.02 | -51.4% | ✗ MISS |
Q3 2021 | Jul 20, 2021 | $-0.06 | $0.03 | +150.0% | ✓ BEAT |
Latest News
Primoris Services, Casella Waste Systems, Indivior, Hawaiian Electric, LKQ, Solstice Advanced Materials, Mohawk Industries, Under Armour, Power Integrations, Perrigo, Iridium Communications, Marriott Vacations Worldwide And Insperity Added To S&P SmallCap 600
📈 PositiveUL Solutions, Pinterest, Booz Allen Hamilton, SPX Technologies, Dycom Industries, Borgwarner And Hecla Mining Co Set To S&P MidCap 400 December 22, 2025; Comfort Systems USA, Under Armour, Power Integrations, Perrigo, Iridium Communications, Marriott Vacations Worldwide And Insperity Exit S&P MidCap 400
📈 PositiveIridium Awarded 5-Year SITH Contract Up To $85.8M To Modernize EMSS Service Center And Related Facilities
📈 PositiveVodafone IoT And Iridium Collaborate To Expand Direct-To-Device Satellite Coverage For Global IoT Customers
📈 PositiveIridium Unveils New Chip to Protect GPS Devices From Jamming and Spoofing
📈 PositiveBWS Financial Maintains Sell on Iridium Communications, Maintains $16 Price Target
📉 NegativeIRDM stock has given up its prior gain. Iridium Communications shares were trading higher after the company reported Q3 results that beat EPS and sales estimates.
➖ NeutralIridium Communications shares are trading higher after the company reported Q3 results that beat EPS and sales estimates.
📈 PositiveIridium Sees Total Service Revenue Growth Of Approximately 3% For FY2025; Previously, Guidance For Total Service Revenue Growth Was Between 3% And 5%
📉 NegativeIridium Comms Q3 EPS $0.35 Beats $0.26 Estimate, Sales $226.935M Beat $220.357M Estimate
📈 PositiveIridium Wins US DOT CPNT Rapid Phase Award II, Partners With T-Mobile To Deploy PNT Timing At 90 Live 5G Sites Nationwide To Boost Network Resilience
📈 PositiveIridium And Qualcomm Integrate Satellite Data Into Snapdragon Mission Tactical Radio For U.S. And Allied Defense Use
📈 PositiveBarclays Maintains Overweight on Iridium Communications, Lowers Price Target to $25
➖ NeutralKarrier One Signs MOU With Iridium Communications To Integrate Iridium NTN Direct IoT Capabilities Into Karrier One Ecosystem
📈 PositiveMavenir Selected By Iridium Communications To Deploy Core Network Of Non-Terrestrial Network, To Enable - 3GPP Based Direct-to-Device Services
📈 PositiveIridium Partners With Deutsche Telekom For 3GPP Standards Based 5G NB IoT Direct To Device Connectivity Via NTN Direct Service
📈 PositiveRaymond James Downgrades Iridium Communications to Outperform, Lowers Price Target to $26
📉 NegativeIridium shares are trading lower after BWS Financial downgraded the stock from Neutral to Sell and lowered its price target from $25 to $16.
📉 NegativeBWS Financial Downgrades Iridium Communications to Sell, Lowers Price Target to $16
📉 NegativeIridium Communications stock tanks after growth forecast trimmed, weak Q2 report
📉 NegativeFrequently Asked Questions about IRDM
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