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Earnings transcript
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IRDM
Iridium Communications Inc.
$47.27
0.07
(0.16%)
| Exchange: | NASDAQ |
| Market Cap: | 5.009B |
| Shares Outstanding: | 11.5M |
Delayed data
About The Company
| Sector: | Communication Services | |||||
| Industry: | Telecommunications Services | |||||
| CEO: | Matthew J. Desch | |||||
| Full Time Employees: | 975 | |||||
| Address: |
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| Website: | https://www.iridium.com |
Iridium Communications Inc. provides critical mobile voice and data communication services and products across the globe. The company serves a broad spectrum of clients, including businesses, both the United States and international governments, non-governmental organizations, and individual consumers worldwide. Their core offerings include postpaid and prepaid mobile satellite voice and data connectivity, push-to-talk services, broadband data solutions, and advanced Internet of Things (IoT) capabilities. Additionally, Iridium supports hosted payload services and various specialized data applications, such as satellite time and location tracking, inbound connections from public telephone networks, short message services, subscriber identity module (SIM) management, and other related operational and peripheral services. The company delivers comprehensive voice and data solutions designed for specific operational needs. These encompass tracking devices for personnel and assets (such as equipment, vehicles, and aircraft), essential beyond-line-of-sight communication for aviation, maritime communication systems, and customized secure communication solutions for high-value individuals. Iridium also supplies mobile communication and data devices tailored for military and intelligence agencies, featuring secure satellite handsets along with netted voice, messaging, and paging services. Furthermore, it provides maintenance services for the United States government’s dedicated ground gateway. Iridium’s product portfolio includes a variety of hardware such as satellite handsets, personal connectivity devices, voice and data modems, broadband data terminals, and IoT data devices. These are supported by an array of accessories, including batteries, holsters, headphones, portable auxiliary antennas, adaptors, USB cables, and charging units, complemented by robust engineering and support services. Commercial end-users access Iridium’s products and services via a comprehensive wholesale distribution network comprising service providers, value-added resellers, and manufacturers. Established in 2000 and headquartered in McLean, Virginia, the company was formerly known as Iridium Holdings LLC before changing its name in September 2009.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 790,723 | 830,682 | 871,659 |
| Gross Profit | 283,103 | 396,988 | 674,082 |
| EBITDA | 380,074 | 415,669 | 440,449 |
| Operating Income | 119,128 | 203,484 | 235,980 |
| Net Income | 15,415 | 112,776 | 114,372 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 2,661,775 | 2,671,471 | 2,531,009 |
| Total Liabilities | 1,773,676 | 2,094,834 | 2,068,409 |
| Total Stockholders Equity | 888,099 | 576,637 | 462,600 |
| Total Debt | 1,500,904 | 1,790,885 | 1,790,928 |
| Cash and Cash Equivalents | 71,870 | 93,526 | 96,501 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 314,913 | 375,955 | 400,073 |
| Capital Expenditure | -73,487 | -69,890 | -100,280 |
| Free Cash Flow | 241,426 | 306,065 | 299,793 |
| Net Income | 15,415 | 112,776 | 114,372 |
| Net Change in Cash | -96,900 | 21,656 | 2,975 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,026,133.114 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 1,120,899.223 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 1,076,100 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 531,971.864 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 581,100.874 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 557,875.889 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 325,261.197 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 364,891.295 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 346,156.773 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 183,923.137 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 200,908.925 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 192,879.154 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 3.210 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 3.380 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 3.020 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 2 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: Iridium reported a 10% increase in Operational EBITDA for Q3 2025, as highlighted in the latest earnings call transcript, reflecting strong operational efficiency and profitability. Revenue growth and positive net income trends from income statements further support a solid financial foundation.
- Strong Market Position in Satellite Communications: As per the company profile, Iridium operates in the satellite communications industry within the broader technology sector, benefiting from a niche market with high barriers to entry. The description and CEO’s strategic focus indicate a well-established presence with a global reach.
- Positive Free Cash Flow: Cash flow statements indicate consistent free cash flow generation, bolstered by net cash provided by operating activities. This financial health supports reinvestment in technology and debt management, enhancing long-term stability.
- Strategic Partnerships and Technology Leverage: The Q3 2025 earnings call summary emphasizes Iridium’s ability to adapt to market dynamics through established partnerships and technological advancements, positioning the company as a leader in innovation within its sector.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates IRDM intrinsic value between $37.59 – $306.17 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about IRDM valuation
Is Iridium Communications Inc. (IRDM) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Iridium Communications Inc. (IRDM) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is IRDM a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether IRDM trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is IRDM’s P/E ratio?
You can see IRDM’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for IRDM?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is IRDM a good long-term investment?
Whether IRDM fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
IRDM
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Daily snapshot
0.16
Trading Metrics:
| Open: | 47.46 | Previous Close: | 47.2 | |
| Day Low: | 47.01 | Day High: | 47.53 | |
| Year Low: | 15.65 | Year High: | 57.18 | |
| Price Avg 50: | 48.11 | Price Avg 200: | 33.01 | |
| Volume: | 205183 | Average Volume: | 2.353M |
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Login — it's freeIRDM full analysis
Welcome to MARKETSNAP’s SWOT analysis for Iridium Communications, a key player in the satellite communications space. If you’re not familiar with Iridium, let me give you the quick rundown: this company operates a unique global satellite network that provides voice and data coverage pretty much anywhere on Earth—think remote locations, oceans, and even the poles. They’re a niche but critical provider in the telecommunications industry, serving sectors like maritime, aviation, and government. With a solid market position in satellite comms,…
