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About

Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and foreign governments, non-governmental organizations, and consumers in the United States, Canada, and internationally. The company offers mobile satellite communications services for land mobile end users and aviation sectors; broadband terminals, embedded devices, and handsets for merchant shipping, fishing, leisure and research vessels, and specialized watercraft; satellite-based IoT services; hosted payload and other data services; and other data services and engineering services. It also provides postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; Internet of Things (IoT); and satellite time and location services. In addition, the company offers 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; and mobile communications and data devices for the military and other government agencies, such as secure satellite handsets; and maintenance services for the U.S. government's dedicated gateway. Further, it provides satellite handsets, voice and data modems, broadband data devices, and IoT data devices; and various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, and charging units. The company sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and value-added manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. is headquartered in McLean, Virginia.

Fundamentals
Scroll to Statements
Sector Communication Services Industry Telecom Services Market Cap 2.51B
Enterprise Value 4.20B Income 114.37M Sales 871.66M
Book/sh 4.41 Cash/sh 0.92 Dividend Yield 251.00%
Payout 54.72% Employees 975 IPO —
P/E 22.56 Forward P/E 18.25 PEG —
P/S 2.88 P/B 5.42 P/C —
EV/EBITDA 9.42 EV/Sales 4.82 Quick Ratio 1.70
Current Ratio 2.48 Debt/Eq 387.14 LT Debt/Eq —
EPS (ttm) 1.06 EPS next Y 1.31 EPS Growth -24.20%
Revenue Growth -0.00% Earnings 2026-04-30 ROA 5.67%
ROE 22.01% ROIC — Gross Margin 71.55%
Oper. Margin 25.95% Profit Margin 13.12% Shs Outstand 104.96M
Shs Float 91.76M Short Float 13.59% Short Ratio 4.19
Short Interest — 52W High 33.34 52W Low 15.65
Beta 0.64 Avg Volume 2.49M Volume 1.67M
Target Price $29.00 Recom Buy Prev Close $23.18
Price $23.91 Change 3.15%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$29.00
Mean price target
2. Current target
$23.91
Latest analyst target
3. DCF / Fair value
$42.13
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$23.91
Low
$16.00
High
$40.00
Mean
$29.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-18 main Morgan Stanley Equal-Weight → Equal-Weight $26
2026-02-17 main BWS Financial Sell → Sell $16
2026-01-16 down Morgan Stanley Overweight → Equal-Weight $24
2025-10-24 main BWS Financial Sell → Sell $16
2025-10-01 main Barclays Overweight → Overweight $25
2025-09-11 down Raymond James Strong Buy → Outperform $26
2025-09-09 down BWS Financial Neutral → Sell $16
2025-08-01 main Morgan Stanley Overweight → Overweight $37
2025-07-28 main Barclays Overweight → Overweight $31
2025-07-25 reit Raymond James Strong Buy → Strong Buy $39
2025-05-05 init Oppenheimer — → Outperform $34
2025-04-23 main BWS Financial Neutral → Neutral $25
2025-03-10 main Barclays Overweight → Overweight $38
2024-10-21 main BWS Financial Neutral → Neutral $30
2024-07-24 reit BWS Financial Neutral → Neutral $30
2024-07-24 main Barclays Overweight → Overweight $45
2024-04-26 main Barclays Overweight → Overweight $44
2024-04-22 main BWS Financial Neutral → Neutral $30
2024-02-23 main Barclays Overweight → Overweight $42
2024-02-16 down BWS Financial Buy → Hold $30
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 16072 — — Stock Award(Grant) at price 0.00 per share. CANFIELD THOMAS C Director — 2026-01-06 00:00:00 D
1 10880 — — Stock Award(Grant) at price 0.00 per share. YEANEY JACQUELINE E Director — 2026-01-06 00:00:00 D
2 10880 — — Stock Award(Grant) at price 0.00 per share. FITZPATRICK THOMAS J Director — 2026-01-06 00:00:00 D
3 15629 — — Stock Award(Grant) at price 0.00 per share. KRONGARD ALVIN BERNARD Director — 2026-01-06 00:00:00 D
4 12793 — — Stock Award(Grant) at price 0.00 per share. OLSON ERIC T Director — 2026-01-06 00:00:00 D
5 11018 — — Stock Award(Grant) at price 0.00 per share. FRAZIER LEON ANTHONY Director — 2026-01-06 00:00:00 D
6 10822 — — Stock Award(Grant) at price 0.00 per share. ALTERMAN LOUIS M Director — 2026-01-06 00:00:00 D
7 18426 — — Stock Award(Grant) at price 0.00 per share. NIEHAUS ROBERT H Director — 2026-01-06 00:00:00 D
8 10880 — — Stock Award(Grant) at price 0.00 per share. SEARS KAY Director — 2026-01-06 00:00:00 D
9 10864 — — Stock Award(Grant) at price 0.00 per share. SHIVANANDAN MONIQUE S. Director — 2026-01-06 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.00-32.98K
TaxRateForCalcs0.190.110.210.03
NormalizedEBITDA443.27M404.05M405.64M380.27M
TotalUnusualItems0.000.00-1.19M-879.00K
TotalUnusualItemsExcludingGoodwill0.000.00-1.19M-879.00K
NetIncomeFromContinuingOperationNetMinorityInterest114.37M112.78M15.41M8.72M
ReconciledDepreciation210.21M203.13M320.00M303.48M
ReconciledCostOfRevenue248.00M230.57M225.12M201.15M
EBITDA443.27M404.05M405.64M379.08M
EBIT233.06M200.92M85.64M75.60M
NetInterestIncome-88.25M-91.13M-90.39M-65.09M
InterestExpense88.25M91.13M90.39M65.09M
NormalizedIncome114.37M112.78M15.41M9.88M
NetIncomeFromContinuingAndDiscontinuedOperation114.37M112.78M15.41M8.72M
TotalExpenses635.68M630.30M709.10M644.36M
TotalOperatingIncomeAsReported235.98M200.38M81.63M76.68M
DilutedAverageShares107.84M119.97M128.46M125.90M
BasicAverageShares107.24M110.36M122.78M125.90M
DilutedEPS1.060.940.120.07
BasicEPS1.071.020.130.07
DilutedNIAvailtoComStockholders114.37M112.78M15.41M8.72M
NetIncomeCommonStockholders114.37M112.78M15.41M8.72M
NetIncome114.37M112.78M15.41M8.72M
NetIncomeIncludingNoncontrollingInterests114.37M112.78M15.41M8.72M
NetIncomeContinuousOperations114.37M112.78M15.41M8.72M
EarningsFromEquityInterestNetOfTax-2.82M15.25M-6.09M-1.50M
TaxProvision27.62M12.26M-26.25M292.00K
PretaxIncome144.81M109.78M-4.75M10.51M
OtherIncomeExpense-2.92M534.00K4.01M-1.08M
OtherNonOperatingIncomeExpenses-2.92M534.00K4.01M107.00K
SpecialIncomeCharges0.000.00-1.19M-879.00K
OtherSpecialCharges1.19M879.00K
EarningsFromEquityInterest-1.50M0.00
NetNonOperatingInterestIncomeExpense-88.25M-91.13M-90.39M-65.09M
InterestExpenseNonOperating88.25M91.13M90.39M65.09M
OperatingIncome235.98M200.38M81.63M76.68M
OperatingExpense387.68M399.73M483.98M443.21M
DepreciationAmortizationDepletionIncomeStatement210.21M203.13M320.00M303.48M
DepreciationAndAmortizationInIncomeStatement210.21M203.13M320.00M303.48M
ResearchAndDevelopment19.76M28.42M20.27M16.22M
SellingGeneralAndAdministration157.71M168.18M143.71M123.50M
GrossProfit623.66M600.12M565.60M519.88M
CostOfRevenue248.00M230.57M225.12M201.15M
TotalRevenue871.66M830.68M790.72M721.03M
OperatingRevenue871.66M830.68M790.72M721.03M
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber104.92M110.36M122.78M125.90M
ShareIssued104.92M110.36M122.78M125.90M
NetDebt1.66B1.70B1.41B1.32B
TotalDebt1.76B1.79B1.48B1.49B
TangibleBookValue276.73M387.57M847.00M1.09B
InvestedCapital2.22B2.37B2.37B2.62B
WorkingCapital164.83M123.52M139.53M164.63M
NetTangibleAssets276.73M387.57M847.00M1.09B
CommonStockEquity462.60M576.64M888.10M1.13B
TotalCapitalization2.22B2.33B2.36B2.60B
TotalEquityGrossMinorityInterest462.60M576.64M888.10M1.13B
StockholdersEquity462.60M576.64M888.10M1.13B
GainsLossesNotAffectingRetainedEarnings406.00K18.27M33.91M51.56M
OtherEquityAdjustments406.00K18.27M33.91M51.56M
RetainedEarnings-418.55M-406.09M-235.40M-47.74M
AdditionalPaidInCapital880.64M964.35M1.09B1.12B
CapitalStock105.00K110.00K123.00K126.00K
CommonStock105.00K110.00K123.00K126.00K
TotalLiabilitiesNetMinorityInterest2.07B2.09B1.77B1.83B
TotalNonCurrentLiabilitiesNetMinorityInterest1.96B1.93B1.64B1.68B
OtherNonCurrentLiabilities28.77M15.45M16.02M16.36M
NonCurrentDeferredLiabilities170.84M152.40M158.61M196.83M
NonCurrentDeferredRevenue40.32M38.26M43.97M45.27M
NonCurrentDeferredTaxesLiabilities130.53M114.14M114.64M151.57M
LongTermDebtAndCapitalLeaseObligation1.76B1.76B1.47B1.47B
LongTermDebt1.76B1.76B1.47B1.47B
CurrentLiabilities111.67M169.21M131.55M141.58M
CurrentDeferredLiabilities41.13M51.57M33.06M35.74M
CurrentDeferredRevenue41.13M51.57M33.06M35.74M
CurrentDebtAndCapitalLeaseObligation3.40M33.12M15.00M16.50M
CurrentDebt3.40M33.12M15.00M16.50M
OtherCurrentBorrowings3.40M33.12M15.00M16.50M
PayablesAndAccruedExpenses67.14M84.53M83.50M89.33M
CurrentAccruedExpenses49.47M64.81M54.83M67.96M
Payables17.68M19.71M28.67M21.37M
AccountsPayable17.68M19.71M28.67M21.37M
TotalAssets2.53B2.67B2.66B2.95B
TotalNonCurrentAssets2.25B2.38B2.39B2.65B
OtherNonCurrentAssets50.71M66.62M86.71M122.07M
InvestmentsAndAdvances39.77M42.52M67.13M49.85M
LongTermEquityInvestment39.77M42.52M67.13M49.85M
InvestmentsinAssociatesatCost49.85M0.00
GoodwillAndOtherIntangibleAssets185.87M189.06M41.09M42.58M
OtherIntangibleAssets86.93M90.88M41.09M42.58M
Goodwill98.94M98.19M0.00
NetPPE1.98B2.08B2.20B2.43B
AccumulatedDepreciation-2.20B-1.99B-1.80B-1.54B
GrossPPE4.17B4.07B4.00B3.97B
ConstructionInProgress204.06M280.78M261.23M312.80M
OtherProperties3.52B3.37B3.37B3.32B
MachineryFurnitureEquipment401.48M369.08M332.82M297.54M
BuildingsAndImprovements39.05M39.16M33.43M32.70M
LandAndImprovements8.04M8.04M8.04M8.04M
Properties0.000.000.000.00
CurrentAssets276.50M292.73M271.08M306.20M
OtherCurrentAssets12.47M19.12M16.36M15.38M
PrepaidAssets11.04M
Inventory73.76M81.28M91.14M39.78M
InventoriesAdjustmentsAllowances-1.02M-818.00K-1.16M-1.20M
FinishedGoods52.35M52.50M48.70M17.96M
RawMaterials22.43M29.61M43.60M23.01M
Receivables93.77M98.80M91.72M82.27M
AccountsReceivable93.77M98.80M91.72M82.27M
CashCashEquivalentsAndShortTermInvestments96.50M93.53M71.87M168.77M
CashAndCashEquivalents96.50M93.53M71.87M168.77M
CashEquivalents72.24M76.61M39.34M152.52M
CashFinancial24.26M16.91M32.53M16.25M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow299.79M306.06M241.43M273.46M
RepurchaseOfCapitalStock-186.47M-407.73M-247.02M-257.06M
RepaymentOfDebt-83.02M-114.19M-72.31M-116.50M
IssuanceOfDebt50.00M419.78M63.94M0.00
CapitalExpenditure-100.28M-69.89M-73.49M-71.27M
InterestPaidSupplementalData90.16M95.31M91.94M63.88M
IncomeTaxPaidSupplementalData7.01M5.25M4.22M2.22M
EndCashPosition96.50M93.53M71.87M168.77M
BeginningCashPosition93.53M71.87M168.77M320.91M
EffectOfExchangeRateChanges3.09M-3.21M-1.27M-625.00K
ChangesInCash-117.00K24.87M-95.63M-151.52M
FinancingCashFlow-299.91M-170.48M-327.05M-374.98M
CashFlowFromContinuingFinancingActivities-299.91M-170.48M-327.05M-374.98M
NetOtherFinancingCharges-18.68M-7.05M-10.84M-5.29M
ProceedsFromStockOptionExercised1.13M3.44M3.96M3.87M
CashDividendsPaid-62.85M-64.74M-64.77M0.00
PreferredStockDividendPaid0.00
CommonStockDividendPaid-62.85M-64.74M-64.77M0.00
NetCommonStockIssuance-186.47M-407.73M-247.02M-257.06M
CommonStockPayments-186.47M-407.73M-247.02M-257.06M
NetIssuancePaymentsOfDebt-33.02M305.59M-8.38M-116.50M
NetLongTermDebtIssuance-33.02M305.59M-8.38M-116.50M
LongTermDebtPayments-83.02M-114.19M-72.31M-116.50M
LongTermDebtIssuance50.00M419.78M63.94M0.00
InvestingCashFlow-100.28M-180.60M-83.49M-121.27M
CashFlowFromContinuingInvestingActivities-100.28M-180.60M-83.49M-121.27M
NetOtherInvestingChanges-10.00M-50.00M
NetInvestmentPurchaseAndSale0.000.005.76M
SaleOfInvestment0.000.007.40M
PurchaseOfInvestment0.000.00-1.64M
NetBusinessPurchaseAndSale0.00-110.71M0.000.00
PurchaseOfBusiness0.00-110.71M0.000.00
CapitalExpenditureReported-100.28M-69.89M-73.49M-71.27M
OperatingCashFlow400.07M375.95M314.91M344.73M
CashFlowFromContinuingOperatingActivities400.07M375.95M314.91M344.73M
ChangeInWorkingCapital-7.69M2.05M-56.69M-17.94M
ChangeInOtherWorkingCapital-10.24M6.84M-2.96M4.87M
ChangeInOtherCurrentLiabilities-4.60M-1.79M-2.76M-3.79M
ChangeInOtherCurrentAssets6.38M5.54M3.02M3.44M
ChangeInPayablesAndAccruedExpense-16.88M-9.02M7.66M10.66M
ChangeInAccruedExpense-12.17M9.79M4.90M5.93M
ChangeInPayable-4.71M-18.81M2.76M4.73M
ChangeInAccountPayable-4.71M-18.81M2.76M4.73M
ChangeInPrepaidAssets7.37M-2.98M-1.15M-4.23M
ChangeInInventory4.71M9.82M-50.96M-10.18M
ChangeInReceivables5.58M-6.37M-9.54M-18.71M
ChangesInAccountReceivables5.58M-6.37M-9.54M-18.71M
OtherNonCashItems6.61M3.24M4.47M5.24M
StockBasedCompensation51.58M63.46M57.45M43.73M
DeferredTax22.17M6.56M-31.83M-1.19M
DeferredIncomeTax22.17M6.56M-31.83M-1.19M
DepreciationAmortizationDepletion210.21M203.13M320.00M303.48M
DepreciationAndAmortization210.21M203.13M320.00M303.48M
AmortizationCashFlow3.90M1.50M1.60M1.60M
AmortizationOfIntangibles3.90M1.50M1.60M1.60M
Depreciation206.30M318.50M301.90M303.80M
OperatingGainsLosses2.82M-15.25M6.09M2.68M
EarningsLossesFromEquityInvestments2.82M-15.25M6.09M1.50M
NetIncomeFromContinuingOperations114.37M112.78M15.41M8.72M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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