{"schema_version":"secwatch.filing_event.v1","accession":"0001418819-26-000027","form_type":"8-K","ticker":"IRDM","cik":"0001418819","company_name":"Iridium Communications Inc.","filed_at":"2026-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.258807+00:00","generated_at":"2026-05-15T04:30:37.697814+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Iridium Q1 revenue up 2% to $219.1M, net income drops to $21.6M; reiterates FY outlook","bullets":["Total revenue $219.1M (+2% YoY); service revenue $158.0M (+2%).","Net income $21.6M ($0.20 EPS) vs $30.4M ($0.27) a year ago; OEBITDA $116.3M vs $122.1M.","Ended Q1 with 2,555,000 billable subscribers (+5% YoY); commercial IoT subs grew 7% to 2,019,000.","Reiterated FY2026 OEBITDA guidance $480-490M, reflecting $17M cash compensation shift.","Paid $0.15/share dividend on Mar 31, 2026; net leverage 3.4x OEBITDA."],"urls":{"canonical":"https://secwatch.observer/filing/0001418819-26-000027","json":"https://secwatch.observer/filing/0001418819-26-000027.json","markdown":"https://secwatch.observer/filing/0001418819-26-000027.md","text":"https://secwatch.observer/filing/0001418819-26-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1418819/000141881926000027/0001418819-26-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1418819/000141881926000027/irdm-20260423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:30:37.697814+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"16fecf69dc188a2c609a1cf2a3c924d5737f469f","claim":"Iridium Communications Inc. reported first quarter ended March 31, 2026 results: revenue $219.1 million, net income $21.6 million, EPS $0.20 per diluted share.","evidence_excerpt":"Iridium reported first quarter total revenue of $219.1 million, which consisted of $158.0 million of service revenue and $61.0 million of revenue related to equipment sales and engineering and support projects.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1418819/000141881926000027/0001418819-26-000027-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$219.1 million"},{"label":"Net income","value":"$21.6 million"},{"label":"EPS","value":"$0.20 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}