secwatch.observer — SEC 8-K summary
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Issuer:     Iridium Communications Inc. (IRDM)
CIK:        0001418819
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001418819-26-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Iridium 2025 revenue up 5% to $871.7M; Q4 EPS $0.24 vs $0.32; 2026 OEBITDA guided $480-490M
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- Full-year 2025 net income $114.4M ($1.06 diluted EPS), up from $112.8M ($0.94) in 2024; OEBITDA $495.3M (+5%).
- Q4 net income $24.9M ($0.24) vs $36.3M ($0.32) YoY; OEBITDA $115.3M (-2%).
- Commercial IoT subscribers up 6% YoY to 1,998,000; total billable subscribers 2,537,000 (+3%).
- 2026 outlook: service revenue growth flat to 2%; OEBITDA $480-490M ($17M cash comp impact); net leverage target ≤3.0x.
- Repurchased ~6.8M shares for $185M in 2025; $245.3M remains under buyback program through 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418819/000141881926000008/0001418819-26-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418819/000141881926000008/irdm-20260212.htm
  HTML page:      https://secwatch.observer/filing/0001418819-26-000008

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