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Earnings transcript
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IRDM
Iridium Communications Inc.
$32.86
4.34
(15.22%)
| Exchange: | NASDAQ |
| Market Cap: | 3.449B |
| Shares Outstanding: | 11.5M |
About The Company
| Sector: | Communication Services | |||||
| Industry: | Telecommunications Services | |||||
| CEO: | Matthew J. Desch | |||||
| Full Time Employees: | 873 | |||||
| Address: |
| |||||
| Website: | https://www.iridium.com |
Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services, and inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government’s dedicated gateway. Further, it provides satellite handsets, personal connectivity devices, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. was founded in 2000 and is headquartered in McLean, Virginia.
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Revenue Segmentation
EPS
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Earnings Call
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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 | 446,187 |
| 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 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 989,536.535 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,034,858.339 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,010,700 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 514,302.120 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 537,857.692 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 525,301.627 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 223,440.422 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 236,830.543 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 229,692.812 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 177,363.600 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 185,487.038 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 181,156.920 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 2.130 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 2.200 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 2.070 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full 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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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.
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
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
15.22
Trading Metrics:
| Open: | 29.08 | Previous Close: | 28.52 | |
| Day Low: | 29.08 | Day High: | 32.94 | |
| Year Low: | 15.65 | Year High: | 33.34 | |
| Price Avg 50: | 23.77 | Price Avg 200: | 22.05 | |
| Volume: | 3.499M | Average Volume: | 2.239M |
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