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Iridium Communications Inc

IRDM Communication Services Telecom Services

Iridium Communications Inc’s revenue for fiscal 2025 (year ended December 2025) was $871.7 million, up 4.93% from fiscal 2024.

Revenue
+8.28%
EPS
+180.0%
Free cash flow
−15.2%
Total debt
+18.2%

Quarter to September 2026, against a year earlier

43.68 1.23 −2.74%
Market cap
$4.8B
P/E
28.9×
Fwd P/E
30.8×
Dividend yield
1.37%
F-score
7/9
Altman Z
1.04
Beneish M
−3.05
Dividend safety
55/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 19.83
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — 1 — — — 6 2 — —
Insider Ownership 14.13%

Capital & Financial Ratios $m

Size
Market Cap 4,770.00
Revenue ttm 902.97
Net income ttm 163.03
Free cash flow ttm 277.57
Net debt Q 2,041.48
Valuation
P/E 28.93
Forward P/E 30.80
Price / sales 5.19
Forward P/S Powerpack
Price / FCF 16.90
Price / book 8.13 (above 6: high)
Financial health
Current ratio Q 0.91 (below 1: weak)
Debt / equity Q 3.71 (above 2: weak)
Interest coverage Q 1.18
Growth
Revenue growth Q +8.28% (above 0%: growing)
Operating income growth Q −54.89% (below 0%: shrinking)
EPS, this year +17.55% (at or above 15%: strong)
EPS, next year A −18.94% (below 0%: weak)
Revenue, next year A +6.52%
EPS, past 5 yrs —
EPS, next 5 yrs A −3.93% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.5×, against a ten-year median of 7.6×; over the ten years it ranged from 4.0× in 2025 to 13.6× in 2021.
P/E against its own 10 years 51.37%
10-year low 10-year high
P/S against its own 10 years 53.19%
10-year low 10-year high
P/B against its own 10 years 94.86%
10-year low 10-year high
EV/Sales against its own 10 years 47.17%
10-year low 10-year high
EV/FCF against its own 10 years 44.50%
10-year low 10-year high

Dividends raised every year since 2023

Yield
1.37%
Annual rate
0.60
Payout ratio
39.7%
Growth, 2023–25
+5.61%/yr
  1. 0.52 ’23
  2. 0.55 ’24 +6%
  3. 0.58 ’25 +5%
  4. 0.61 ’26e +5%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 72 94 97 98
Receivables 92 99 94 119
Inventory 91 81 74 63
Other — — — —
271 293 277 307
2023 2024 2025 Q'26
Payables 29 20 18 9
ST’ Debt 15 33 3 214
Other — — — —
132 169 112 337

Compound Annual Growth %

10y 5y 3y
Sales 7.80% 8.36% 6.53%
Cash Flow 6.29% 9.88% 5.09%
Earnings 0.00% 0.00% 135.81%
Book Value (9.31%) (20.09%) (25.72%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.29 Actual 0.38

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.23 0.24 Beat by 0.01
Q1 FY26 0.27 0.20 Miss by 0.07
Q2 FY26 0.26 0.19 Miss by 0.07
Q3 FY26 0.29 0.38 Beat by 0.09
Q4 FY26 0.25 — Reports 11 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.20 0.09 0.98 — —
’25 0.27 0.20 0.35 0.24 1.06
’24 0.16 0.27 0.21 0.31 0.94
’23 0.08 (0.24) (0.01) 0.30 0.12
’22 0.02 0.04 0.02 (0.01) 0.07
’21 (0.04) 0.03 (0.02) (0.04) (0.07)
’20 (0.24) (0.09) (0.03) (0.06) (0.42)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 219 225 246 — —
’25 215 217 227 213 872
’24 204 201 213 213 831
’23 205 193 198 195 791
’22 168 175 184 194 721
’21 147 150 162 156 615
’20 145 140 151 147 583
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 72 114 96 — —
’25 61 130 101 109 400
’24 71 81 119 105 376
’23 69 87 71 88 315
’22 66 100 89 90 345
’21 51 75 87 90 303
’20 41 64 75 71 250
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 42 92 68 — —
’25 37 109 79 75 300
’24 57 69 100 81 306
’23 46 65 59 72 241
’22 52 82 75 64 273
’21 41 65 78 76 261
’20 31 55 64 61 211
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 434 448 523 560 583 615 721 791 831 872 903 +8.1% 929 1,002 1,034 +5.9%
Gross margin, % 74.81 72.14 72.68 74.10 75.54 75.53 72.10 71.53 72.24 71.55 71.46 (3.3) pt
EBT 178 120 (21) (218) (89) (29) 11 (5) 110 145 84 (2.3%)
EBT margin, % 41.09 26.69 (3.95) (38.92) (15.25) (4.70) 1.46 (0.60) 13.22 16.61 9.32 (24.5) pt
Net income 111 234 (13) (162) (56) (9) 9 15 113 114 163 +0.3%
Per share, $
Per share, $ Revenue 4.52 4.58 4.80 4.48 4.37 4.60 5.62 6.30 7.01 8.13 8.41 +6.7%
Earnings 0.89 2.23 (0.22) (1.33) (0.42) (0.07) 0.07 0.12 0.95 1.06 1.51 +2.0%
Cash flow 2.35 2.65 2.42 1.58 1.87 2.27 2.69 2.51 3.17 3.73 3.64 +5.3%
Capex (4.23) (4.09) (3.59) (0.94) (0.29) (0.32) (0.56) (0.59) (0.59) (0.94) (1.05) (15.4%)
Free cash flow (1.88) (1.43) (1.17) 0.64 1.58 1.95 2.13 1.92 2.58 2.80 2.59 n/m
Book value 14.00 16.30 14.70 11.66 10.63 9.65 8.80 7.07 4.86 4.31 5.37 (12.3%)
Shares, m 96 98 109 125 133 134 128 126 119 107 107 +1.2%
Valuation, ×
Valuation, × P/E 11.72 6.30 0.00 0.00 0.00 0.00 713.51 312.15 30.23 16.24 28.93 109.0
P/S 2.33 2.54 3.84 5.50 9.00 8.97 9.39 6.45 4.14 2.14 5.19 5.4
P/B 0.75 0.71 1.26 2.11 3.70 4.28 6.00 5.74 5.97 4.03 8.13 3.5
EV/Sales 5.21 5.67 7.06 8.27 11.35 11.05 11.22 8.23 6.19 4.05 7.45 7.8
EV/FCF (12.52) (18.09) (28.92) 57.73 31.36 26.04 29.58 26.95 16.79 11.77 24.25 14.1
Cash, $m
Cash, $m Operating cash flow 225 260 264 198 250 303 345 315 376 400 390 +6.6%
Capex (406) (400) (391) (118) (39) (42) (71) (73) (70) (100) (113) (14.4%)
Free cash flow (180) (140) (128) 80 211 261 273 241 306 300 278 n/m
Balance, $m
Balance, $m Working capital 434 197 128 229 235 316 165 140 124 165 (31) (10.2%)
Net debt 1,247 1,406 1,682 1,553 1,369 1,277 1,318 1,411 1,697 1,664 2,041 +3.3%
Shareholders’ equity 1,344 1,596 1,602 1,459 1,419 1,288 1,129 888 577 463 577 (11.2%)
Returns, %
Returns, % ROA 2.91 6.00 (0.60) (4.35) (1.61) (0.28) 0.28 0.55 4.23 4.40 5.79 +1.5 pt
ROIC 4.26 2.40 0.79 0.21 0.80 1.13 1.96 2.22 5.51 6.94 4.10 +2.7 pt
ROE 7.43 14.86 (1.47) (10.86) (3.89) (0.69) 0.72 1.53 15.40 22.01 31.74 +14.6 pt
People
People Employees 244 420 475 512 522 543 663 766 881 975 — +16.6%
Revenue/emp, $m 1.78 1.07 1.10 1.09 1.12 1.13 1.09 1.03 0.94 0.89 — (7.4%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Iridium Communications Inc vs peers in Telecom Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
KT KT Corporation $8.2B 9.3× — −10.06% (below 0%: shrinking) −39.60% (below 0%: shrinking) −46.85% (below 0%: shrinking) 9.71% 9.71% Compare
LBTYB Liberty Global Ltd $7.1B — (loss-making) — −7.65% (below 0%: shrinking) n/m +429.69% (above 0%: growing) 50.62% 0.26% Compare
VEON VEON Ltd. $5.3B 99.4× 12.5× +16.93% (above 0%: growing) −79.56% (below 0%: shrinking) +431.58% (above 0%: growing) 86.55% 27.46% Compare
LUMN Lumen Technologies, Inc. $5.0B — (loss-making) — (loss-making) −9.28% (below 0%: shrinking) n/m +124.34% (above 0%: growing) 49.55% (3.14%) Compare
IRDM Iridium Communications Inc $4.8B 51.0× 30.8× +3.84% (above 0%: growing) −55.00% (below 0%: shrinking) −15.24% (below 0%: shrinking) 71.23% 15.10%
TKC Turkcell Iletisim Hizmetleri AS $4.0B 9.3× — +15.43% (above 0%: growing) +8.33% (above 0%: growing) −58.09% (below 0%: shrinking) 25.36% 12.41% Compare
PHI PLDT Inc. $3.8B 8.4× 7.7× −5.84% (below 0%: shrinking) −24.00% (below 0%: shrinking) +78.48% (above 0%: growing) 57.86% 20.01% Compare
TDS Telephone and Data Systems, Inc. $3.7B 11.2× 9.3× +3.60% (above 0%: growing) n/m −133.98% (below 0%: shrinking) 58.19% 120.67% Compare
KYIV Kyivstar Group Ltd. $3.0B 19.0× 9.3× +19.37% (above 0%: growing) −16.71% (below 0%: shrinking) +29.21% (above 0%: growing) 88.79% 37.46% Compare
Median of peers $4.5B 10.3× 9.3× −1.12% −24.00% +53.85% 54.24% 16.21%

All 55 Telecom Services stocks →

Pay and ownership Proxy statement filed 2 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 9.01m 2.77m 44.19
2024 9.20m 5.58m 117.78
2023 9.02m 4.93m 167.05
2022 6.98m 11.45m 208.60
2021 5.40m 7.72m 167.57

Ownership

Directors and executive officers, together 2.70%
BlackRock, Inc. 12.40%
Baralonco Limited 9.90%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Iridium Communications Inc (IRDM) Latest News

2 Nov

Impact 4 · · 24/7 Wall St.

28 Oct

Impact 3 · · Trefis

26 Oct

Impact 4 · · 24/7 Wall St.

25 Oct

Impact 4 · · 24/7 Wall St.

24 Oct

Impact 4 · · The Motley Fool

21 Oct

Impact 4 · · InvestorsHub
Impact 3 · · Trefis

20 Oct

Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 4 · · PR Newswire earnings
Impact 3 · · Simply Wall St.
Impact 3 · · StockStory
Impact 3 · · Associated Press

19 Oct

Impact 4 · · Stocktwits

16 Oct

Impact 4 · · 24/7 Wall St.
Impact 3 · · 24/7 Wall St.

14 Oct

Impact 4 · · Stocktwits
Impact 4 · · CNW Group
Impact 4 · · PR Newswire
Impact 3 · · Trefis

11 Oct

Impact 4 · · 24/7 Wall St.

9 Oct

Impact 3 · · Trefis

8 Oct

Impact 3 · · 24/7 Wall St.

7 Oct

Impact 5 · · 24/7 Wall St.

6 Oct

Impact 4 · · 24/7 Wall St.

4 Oct

Impact 4 · · Simply Wall St.

28 Sep

Impact 4 · · Stocktwits
Impact 4 · · Business Wire
Impact 3 · · The Motley Fool

26 Sep

Impact 3 · · Simply Wall St.
stockrow.com/IRDM · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com