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IRDM Financials Iridium Communications Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 8.4% per year over the past 5 years.
  • Operating margin has expanded, at 27.1% in the latest year.
  • Free cash flow has grown 7.3% per year over the past 5 years.

Financial health

  • Total debt ($1.8B) exceeds cash ($97M); net debt is $1.7B.
  • Total debt has grown slower than revenue (1.8% vs 8.4% per year).
  • Operating income covered interest expense 16× in the latest year.
  • Total debt is 3.9× EBITDA.

Shareholder returns

  • Dividends have been paid for 3 consecutive years, consuming 55.0% of earnings and 21.0% of free cash flow.
Revenue & net income
-$162M $355M $872M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-29% -1% 27% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$268M $19M $306M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $915M $2B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$444M -$22M $400M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $872M $114M 0.0% 27.1% $300M $1.8B $97M
2024 $831M $113M 0.0% 24.1% $306M $1.8B $94M
2023 $791M $15M 0.0% 10.3% $241M $1.5B $72M
2022 $721M $9M 0.0% 10.6% $273M $1.5B $169M
2021 $615M -$9M 0.0% 7.5% $261M $1.6B $321M
2020 $583M -$56M 0.0% 6.1% $211M $1.6B $237M
2019 $560M -$162M 0.0% 1.8% $80M $1.8B $224M
2018 — -$13M — — -$128M $1.8B $273M
2017 — $234M — — -$140M $1.6B $286M
2016 — $111M — — — $1.8B $371M
2015 — $7M — — — — $186M
2014 — $75M — — — — $211M
2013 — $63M — — — — $186M
2012 — $65M — — -$268M — $254M
2011 — $41M — — -$176M — $136M

Valuation over time

How the market has priced IRDM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 384.9 769.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 4.7 9.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 1.9 3.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is IRDM growing its revenue and profit?

Over the past 5 years, Iridium Communications Inc.'s revenue has grown 8.4% per year. These are computed facts, not advice.

How much debt does IRDM have?

As of FY2025, Iridium Communications Inc. reported $1.8B of total debt against $97M of cash; operating income covered interest expense 16×.

What is IRDM's profit margin?

In FY2025, gross margin was —, operating margin 27.1%, and net margin 13.1%.

What is IRDM's P/E ratio?

As of Jun '26, Iridium Communications Inc. traded at a price-to-earnings ratio of about 38.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.