Iridium Communications Inc.IRDMEarnings & Financial Report
Iridium Communications Inc. 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 se...
IRDM Q1 FY2026 Key Financial Metrics
Revenue
$219.1M
Gross Profit
N/A
Operating Profit
$50.7M
Net Profit
$21.6M
Gross Margin
N/A
Operating Margin
23.2%
Net Margin
9.9%
YoY Growth
1.9%
Iridium Communications Inc. Q1 FY2026 Financial Summary
Iridium Communications Inc. reported revenue of $219.1M (up 1.9% YoY) for Q1 FY2026, with a net profit of $21.6M (9.9% margin).
Key Financial Metrics
| Total Revenue | $219.1M |
|---|---|
| Net Profit | $21.6M |
| Gross Margin | N/A |
| Operating Margin | 23.2% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Iridium Communications Inc. Q1 FY2026 revenue of $219.1M breaks down across 8 segments, led by Voice and data at $57.4M (26.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Voice and data | $57.4M | 26.2% |
| IoT data (2) | $46.0M | 21.0% |
| Government | $39.5M | 18.0% |
| Government service revenue (5) | $27.6M | 12.6% |
| Subscriber equipment | $20.2M | 9.2% |
| Hosted payload and other data service (4) | $14.8M | 6.7% |
| Broadband (3) | $12.2M | 5.6% |
| Commercial | $1.3M | 0.6% |
Iridium Communications Inc. Annual Revenue by Year
Iridium Communications Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $871.7M).
Iridium Communications Inc. Quarterly Revenue & Net Profit History
Iridium Communications Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $219.1M | +1.9% | $21.6M | 9.9% |
| Q4 FY2025 | $212.9M | -0.0% | $24.9M | 11.7% |
| Q3 FY2025 | $226.9M | +6.7% | $37.1M | 16.4% |
| Q2 FY2025 | $216.9M | +7.9% | $22.0M | 10.1% |
| Q1 FY2025 | $214.9M | +5.4% | $30.4M | 14.2% |
| Q4 FY2024 | $213.0M | +9.4% | $36.3M | 17.1% |
| Q3 FY2024 | $212.8M | +7.7% | $24.4M | 11.5% |
| Q2 FY2024 | $201.1M | +4.1% | $32.3M | 16.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $201.1M | $212.8M | $213.0M | $214.9M | $216.9M | $226.9M | $212.9M | $219.1M |
| YoY Growth | 4.1% | 7.7% | 9.4% | 5.4% | 7.9% | 6.7% | -0.0% | 1.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.72B | $2.75B | $2.67B | $2.61B | $2.57B | $2.55B | $2.53B | N/A |
| Liabilities | $1.93B | $2.09B | $2.09B | $2.09B | $2.09B | $2.10B | $2.07B | N/A |
| Equity | $786.7M | $663.8M | $576.6M | $518.4M | $473.6M | $450.5M | $462.6M | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $81.1M | $118.6M | $104.8M | $61.1M | $129.6M | $100.8M | $108.6M |