Iridium Communications Inc. (IRDM) — Financial statements
Income statement, balance sheet, and cash flow for Iridium Communications Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 872↑4.9% | 831↑5.1% | 791↑9.7% | 721↑17.3% | 615 | |
| Cost of Revenue | 198↓54.4% | 434↓14.6% | 508↑0.6% | 505↑10.7% | 456 | |
| Gross Profit | 674↑69.8% | 397↑40.2% | 283↑30.8% | 216↑36.4% | 159 | |
| Operating Expenses | ||||||
| R&D Expenses | 20↓30.5% | 28↑40.2% | 20↑25.0% | 16↑36.5% | 12 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 158↓4.5% | 165↑14.9% | 144↑16.4% | 124↑22.9% | 100 | |
| Other Expenses | 261 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 438↑126.4% | 194↑18.0% | 164↑17.4% | 140↑24.4% | 112 | |
| Total Costs & Expenses | 636↑1.4% | 627↓6.6% | 672↑4.2% | 644↑13.4% | 568 | |
| Operating Results | ||||||
| Operating Income | 236↑16.0% | 203↑70.8% | 119↑55.4% | 77↑65.6% | 46 | |
| Depreciation & Amortization | 210↑3.5% | 203↓28.1% | 283↓6.9% | 303↓0.6% | 305 | |
| EBITDA | 446↑7.3% | 416↑9.4% | 380↓1.6% | 386↑10.2% | 350 | |
| EBIT | 236↑11.0% | 213↑117.8% | 98↑18.1% | 83↑83.5% | 45 | |
| Interest & Other Income | ||||||
| Net Interest Income | -88↑3.2% | -91↓0.8% | -90↓38.9% | -65↑11.9% | -74 | |
| Interest Income | 0.00↓100.0% | 12↓2.6% | 12↑70.5% | 7 | 0.00 | |
| Interest Expense | 88↓14.1% | 103↑0.4% | 102↑41.9% | 72↓2.5% | 74 | |
| Non-Operating Income | 0.00↑100.0% | -9↓142.0% | 22↑464.0% | -6↓556.9% | 1 | |
| Other Income / Expenses | -94↓19.8% | -78↑39.6% | -130↓92.1% | -68↑10.0% | -75 | |
| Income Before Tax | 142↑13.6% | 125↑1253.9% | -11↓220.2% | 9↑131.2% | -29 | |
| Income Tax Expense | 28↑125.3% | 12↑146.7% | -26↓9090.1% | 0.29↑101.5% | -20 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 114↑1.4% | 113↑631.6% | 15↑76.7% | 9↑193.6% | -9 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 114↑1.4% | 113↑631.6% | 15↑76.7% | 9↑193.6% | -9 | |
| Bottom-Line Net Income | 114↑1.4% | 113↑631.6% | 15↑76.7% | 9↑193.6% | -9 | |
| EPS (Basic) | 1.07↑12.6% | 0.95↑691.7% | 0.12↑76.5% | 0.07↑197.4% | -0.07 | |
| EPS (Diluted) | 1.06↑12.8% | 0.94↑683.3% | 0.12↑79.1% | 0.07↑196.0% | -0.07 | |
| Weighted Average Shares | 107↓9.6% | 119↓3.4% | 123↓4.3% | 128↓4.0% | 134 | |
| Weighted Average Diluted Shares | 108↓10.0% | 120↓5.8% | 127↓2.2% | 130↓2.5% | 134 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.