Iridium Communications Inc. (IRDM)

16.56 0.12 (0.73%)

As of 2025-12-02 08:24:43 EST

Iridium Communications Inc. (formerly Iridium Satellite LLC) is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging service from supported conventional mobile phones. The nearly polar orbit and communication between satellites via inter-satellite links provide global service availability.

Traded asNasdaq: IRDM
ISINUS46269C1027
CIK0001418819
LEI549300U620NVQ4J1CT96
EIN221344998
SectorSatellite telecommunications
IndustryCommunications Services, NEC
CEOMatthew J. Desch
Employees873
Fiscal Year End1231
Address1750 TYSONS BOULEVARD, MCLEAN, VA, 22102
Phone301-571-6200
Websitehttp://iridium.com
Stock Quotes
trading_symbolregistrant_nametimepricechangepercentage_change
IRDMIridium Communications Inc.2025-12-02 08:24:4316.560.120.73
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Company Information
trading_symbolcentral_index_keyregistrant_nameisin_numberlei_numberein_numberexchangesic_codesic_descriptionfiscal_year_endstate_of_incorporationaddress_streetaddress_cityaddress_stateaddress_zip_codeaddress_countryaddress_country_codephone_numbermailing_addressbusiness_addressformer_nameindustryfounding_datechief_executive_officernumber_of_employeeswebsitemarket_capshares_issuedshares_outstandingdescriptionupdate_time
IRDM0001418819Iridium Communications Inc.US46269C1027549300U620NVQ4J1CT96221344998Nasdaq4899Communications Services, NEC1231NY1750 TYSONS BOULEVARDMCLEANVA22102UNITED STATESUS301-571-62001750 TYSONS BOULEVARD, MCLEAN, VA, 221021750 TYSONS BOULEVARD, MCLEAN, VA, 22102GHL Acquisition Corp.Satellite telecommunications2001Matthew J. Desch873http://iridium.com2,409,200,000110,357,000104,745,684Iridium Communications Inc. (formerly Iridium Satellite LLC) is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging service from supported conventional mobile phones. The nearly polar orbit and communication between satellites via inter-satellite links provide global service availability.2025-11-27 16:43:57
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IRDM Stock Price (End-of-Day)
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IRDM Stock Price (1-Minute)
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Market Cap
Fiscal YearMarket CapChange In Market CapPercentage Change In Market CapShares OutstandingChange In Shares OutstandingPercentage Change In Shares Outstanding
20242,409,200,000-2,669,700,000-52.5645108,839,159-13,607,227-11.1128
20235,078,900,0001,451,500,00040.0149122,446,386-3,520,337-2.7947
20223,627,400,000216,700,0006.3535125,966,723-2,406,729-1.8748
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Executive Compensation
Executive NameExecutive PositionFiscal YearSalaryBonusStock AwardsIncentive Plan CompensationOther CompensationTotal Compensation
Suzanne E. McbrideChief Operations Officer2024479,885—2,720,300213,51643,6033,457,304
Bryan J. HartinExecutive Vice President2024405,327—1,652,085145,62839,0362,242,076
Matthew J. DeschChief Executive Officer20241,020,694—7,594,319559,06523,1549,197,232
Thomas J. FitzpatrickChief Financial Officer, Chief Administrative Officer2024612,416—2,785,275268,34923,1543,689,194
Scott T. ScheimreifExecutive Vice President2024399,027—1,647,748145,33726,7012,218,813
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Employee Count
Fiscal YearEmployee Count
2024873
2023760
2022658
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Income Statements
Fiscal Year202420232022
Revenue830,682,000790,723,000721,034,000
Cost Of Revenue178,140,000158,710,000115,137,000
Gross Profit———
Research And Development Expenses28,422,00020,269,00016,218,000
General And Administrative Expenses168,182,000143,706,000123,504,000
Operating Expenses630,298,000709,095,000644,355,000
Operating Income200,384,00081,628,00076,679,000
Net Income112,776,00015,415,0008,722,000
Earnings Per Share Basic0.950.120.07
Earnings Per Share Diluted0.940.120.07
Weighted Average Shares Outstanding Basic118,566,000125,598,000128,255,000
Weighted Average Shares Outstanding Diluted119,792,000127,215,000130,134,000
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Balance Sheet Statements
Fiscal Year202420232022
Cash And Cash Equivalents93,526,00071,870,000168,770,000
Marketable Securities Current———
Accounts Receivable98,803,00091,715,00082,273,000
Inventories81,283,00091,135,00039,776,000
Non Trade Receivables———
Other Assets Current———
Total Assets Current292,730,000271,084,000306,204,000
Marketable Securities Non Current———
Property Plant And Equipment2,080,544,0002,195,758,0002,433,305,000
Other Assets Non Current66,618,00086,708,000122,072,000
Total Assets Non Current2,378,741,0002,390,691,0002,647,807,000
Total Assets2,671,471,0002,661,775,0002,954,011,000
Accounts Payable19,715,00028,671,00021,372,000
Deferred Revenue51,570,00033,057,00035,742,000
Short Term Debt33,118,00015,000,00016,500,000
Other Liabilities Current64,811,00054,826,00067,963,000
Total Liabilities Current169,214,000131,554,000141,577,000
Long Term Debt1,757,767,0001,467,490,0001,470,685,000
Other Liabilities Non Current15,454,00016,025,00016,360,000
Total Liabilities Non Current1,925,620,0001,642,122,0001,683,879,000
Total Liabilities2,094,834,0001,773,676,0001,825,456,000
Common Stock110,000123,000126,000
Retained Earnings-406,092,000-235,397,000-47,744,000
Accumulated Other Comprehensive Income18,271,00033,907,00051,563,000
Total Shareholders Equity576,637,000888,099,0001,128,555,000
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Cash Flow Statements
Fiscal Year202420232022
Depreciation And Amortization203,127,000320,000,000303,484,000
Share Based Compensation Expense63,457,00057,455,00043,732,000
Other Non Cash Income Expense———
Change In Accounts Receivable6,366,0009,538,00018,712,000
Change In Inventories-9,822,00050,958,00010,183,000
Change In Non Trade Receivables———
Change In Other Assets———
Change In Accounts Payable-18,808,0002,759,0004,730,000
Change In Other Liabilities———
Cash From Operating Activities375,955,000314,913,000344,729,000
Purchases Of Marketable Securities——0
Sales Of Marketable Securities—00
Acquisition Of Property Plant And Equipment69,890,00073,487,00071,267,000
Acquisition Of Business———
Other Investing Activities———
Cash From Investing Activities-180,603,000-83,487,000-121,267,000
Tax Withholding For Share Based Compensation6,702,0009,680,0005,293,000
Payments Of Dividends——16,616,000
Issuance Of Common Stock———
Repurchase Of Common Stock407,725,000247,019,000257,059,000
Issuance Of Long Term Debt——0
Repayment Of Long Term Debt———
Other Financing Activities———
Cash From Financing Activities-170,481,000-327,052,000-374,980,000
Change In Cash21,656,000-96,900,000-152,143,000
Cash At End Of Period93,526,00071,870,000168,770,000
Income Taxes Paid5,248,0004,225,0002,224,000
Interest Paid95,311,00091,936,00063,880,000
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Key Metrics
Fiscal Year202420232022
Earnings Per Share0.950.120.07
Price To Earnings Ratio30.5474343734.2857
Earnings Growth Rate691.666771.4286-200
Price Earnings To Growth Ratio0.04424.802-3.6714
Book Value Per Share4.86347.0718.7993
Price To Book Ratio5.9675.8215.8414
Ebitda335,851,000354,340,000386,520,000
Enterprise Value5,138,144,3206,580,233,6807,910,722,000
Dividend Yield——0.0025
Dividend Payout Ratio——1.9051
Debt To Equity Ratio3.10571.66931.3178
Capital Expenditures87,913,00082,453,00074,453,000
Free Cash Flow288,042,000232,460,000270,276,000
Return On Equity0.19560.01740.0077
One Year Beta0.44520.80380.9141
Three Year Beta0.7991.01821.1525
Five Year Beta1.0721.17721.2149
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Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
FITZPATRICK THOMASDirector2025-10-3120,839D231,034
DESCH MATTHEW JDirector, CHIEF EXECUTIVE OFFICER2025-10-3020,000A1,127,019
NIEHAUS ROBERT HDirector2025-10-2830,000A297,362
FITZPATRICK THOMASDirector2025-10-286,797D251,873
FITZPATRICK THOMASDirector2025-10-273,331D258,670
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Institutional Holdings
Investor NamePeriod Of ReportMarket ValueAmount Of SecuritiesPrice Per Security
JPMORGAN CHASE & CO2025-09-3010,696,171612,61017.46
CIBC Private Wealth Group LLC2025-09-3032,3711,85417.4601
Bell Investment Advisors, Inc2025-09-302971717.4706
Caitong International Asset Management Co., Ltd2025-09-303321917.4737
Advisory Services Network, LLC2025-09-3047,6132,72717.4598
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Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
SCM Trust2025-09-30Investor ClassIEQAX28,140491,324.41.1885
SCM Trust2025-09-30Institutional ClassIOEZX28,140491,324.41.1885
RYDEX SERIES FUNDS2025-09-30Class CRYCSX4,99687,230.160.8256
RYDEX SERIES FUNDS2025-09-30Class ARYTLX4,99687,230.160.8256
RYDEX SERIES FUNDS2025-09-30Class HRYMAX4,99687,230.160.8256
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