Sunday 11 October 2026
Export all IRDM data to Excel Powerpack
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. In the quarter to June 2026, revenue grew 3.84%, EPS fell 55.0%, free cash flow fell 15.2% and total debt fell 2.61%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for ten.
47.47
0.09
−0.19%
Follow IRDM
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 6.14 | 7.80 | 10.75 | 17.79 | 16.87 | 32.85 | 31.73 | 34.21 | 24.14 | 15.65 |
Analyst estimates 2026–2028 Powerpack |
|||
| High | 11.15 | 12.90 | 24.35 | 28.24 | 39.95 | 54.65 | 53.61 | 68.34 | 41.40 | 34.45 | |||||
| People | |||||||||||||||
| People | Employees | 244 | 420 | 475 | 512 | 522 | 543 | 663 | 766 | 881 | 975 | ||||
| Revenue/emp, $m | 1.78 | 1.07 | 1.10 | 1.09 | 1.12 | 1.13 | 1.09 | 1.03 | 0.94 | 0.89 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 434 | 448 | 523 | 560 | 583 | 615 | 721 | 791 | 831 | 872 | ||||
| Gross margin, % | 74.81 | 72.14 | 72.68 | 74.10 | 75.54 | 75.53 | 72.10 | 71.53 | 72.24 | 71.55 | |||||
| EBT | 178 | 120 | (21) | (218) | (89) | (29) | 11 | (5) | 110 | 145 | |||||
| EBT margin, % | 41.09 | 26.69 | (3.95) | (38.92) | (15.25) | (4.70) | 1.46 | (0.60) | 13.22 | 16.61 | |||||
| Net income | 111 | 234 | (13) | (162) | (56) | (9) | 9 | 15 | 113 | 114 | |||||
| Depreciation | 50 | 122 | 228 | 317 | 307 | 310 | 308 | 324 | 206 | 213 | |||||
| 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 | ||||
| Earnings | 0.89 | 2.23 | (0.22) | (1.33) | (0.42) | (0.07) | 0.07 | 0.12 | 0.95 | 1.06 | |||||
| Cash flow | 2.35 | 2.65 | 2.42 | 1.58 | 1.87 | 2.27 | 2.69 | 2.51 | 3.17 | 3.73 | |||||
| Capex | (4.23) | (4.09) | (3.59) | (0.94) | (0.29) | (0.32) | (0.56) | (0.59) | (0.59) | (0.94) | |||||
| Free cash flow | (1.88) | (1.43) | (1.17) | 0.64 | 1.58 | 1.95 | 2.13 | 1.92 | 2.58 | 2.80 | |||||
| Book value | 14.00 | 16.30 | 14.70 | 11.66 | 10.63 | 9.65 | 8.80 | 7.07 | 4.86 | 4.31 | |||||
| Shares, m | 96 | 98 | 109 | 125 | 133 | 134 | 128 | 126 | 119 | 107 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 11.72 | 6.30 | 0.00 | 0.00 | 0.00 | 0.00 | 713.51 | 312.15 | 30.23 | 16.24 | ||||
| P/S | 2.33 | 2.54 | 3.84 | 5.50 | 9.00 | 8.97 | 9.39 | 6.45 | 4.14 | 2.14 | |||||
| P/B | 0.75 | 0.71 | 1.26 | 2.11 | 3.70 | 4.28 | 6.00 | 5.74 | 5.97 | 4.03 | |||||
| EV/Sales | 5.21 | 5.67 | 7.06 | 8.27 | 11.35 | 11.05 | 11.22 | 8.23 | 6.19 | 4.05 | |||||
| EV/FCF | (12.52) | (18.09) | (28.92) | 57.73 | 31.36 | 26.04 | 29.58 | 26.95 | 16.79 | 11.77 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 225 | 260 | 264 | 198 | 250 | 303 | 345 | 315 | 376 | 400 | ||||
| Capex | (406) | (400) | (391) | (118) | (39) | (42) | (71) | (73) | (70) | (100) | |||||
| Free cash flow | (180) | (140) | (128) | 80 | 211 | 261 | 273 | 241 | 306 | 300 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 434 | 197 | 128 | 229 | 235 | 316 | 165 | 140 | 124 | 165 | ||||
| Total debt | 1,657 | 1,704 | 1,956 | 1,776 | 1,614 | 1,598 | 1,487 | 1,482 | 1,791 | 1,761 | |||||
| Net debt | 1,247 | 1,406 | 1,682 | 1,553 | 1,369 | 1,277 | 1,318 | 1,411 | 1,697 | 1,664 | |||||
| Shareholders’ equity | 1,344 | 1,596 | 1,602 | 1,459 | 1,419 | 1,288 | 1,129 | 888 | 577 | 463 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 2.91 | 6.00 | (0.60) | (4.35) | (1.61) | (0.28) | 0.28 | 0.55 | 4.23 | 4.40 | ||||
| ROIC | 4.26 | 2.40 | 0.79 | 0.21 | 0.80 | 1.13 | 1.96 | 2.22 | 5.51 | 6.94 | |||||
| ROE | 7.43 | 14.86 | (1.47) | (10.86) | (3.89) | (0.69) | 0.72 | 1.53 | 15.40 | 22.01 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
| LUMN Lumen Technologies, Inc. | $5.7B | — (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 | $5.0B | 53.9× | 42.9× | +3.84% (above 0%: growing) | −55.00% (below 0%: shrinking) | −15.24% (below 0%: shrinking) | 71.23% | 15.10% | |
| VEON VEON Ltd. | $4.9B | 92.5× | 7.4× | +16.93% (above 0%: growing) | −79.56% (below 0%: shrinking) | +431.58% (above 0%: growing) | 86.55% | 27.46% | Compare |
| TKC Turkcell Iletisim Hizmetleri AS | $4.5B | 10.2× | — | +15.43% (above 0%: growing) | +8.33% (above 0%: growing) | −58.09% (below 0%: shrinking) | 25.36% | 12.41% | Compare |
| PHI PLDT Inc. | $4.0B | 8.7× | 7.5× | −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 | 11.0× | 34.7× | +3.60% (above 0%: growing) | n/m | −133.98% (below 0%: shrinking) | 58.19% | 120.67% | Compare |
| LBTYA Liberty Global Ltd | $3.1B | — (loss-making) | — (loss-making) | −7.65% (below 0%: shrinking) | n/m | +429.69% (above 0%: growing) | 50.62% | 0.26% | Compare |
| LBTYK Liberty Global Ltd | $3.1B | — (loss-making) | — | −7.65% (below 0%: shrinking) | n/m | +429.69% (above 0%: growing) | 50.62% | 0.26% | Compare |
| Median of peers | $4.2B | 10.6× | 7.5× | −6.74% | −24.00% | +277.02% | 50.62% | 6.34% |
Iridium Communications Inc (IRDM) key facts
- Strength: Iridium Communications Inc’s revenue for fiscal 2025 (year ended December 2025) was $871.7 million, up 4.93% from fiscal 2024.
- Iridium Communications Inc (IRDM) is a Telecom Services company in the Communication Services sector, listed on Nasdaq.
- As of October 9, 2026, IRDM traded at $47.47, a market capitalization of $5.0 billion.
- Iridium Communications Inc pays an annual dividend of $0.60 per share, a yield of 1.26%, with a payout ratio of 68.2%.
- Return on equity was 22.0% and debt-to-equity 3.73.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.04 (distress zone) for fiscal 2025.