secwatch.observer — SEC 8-K summary
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Issuer:     Iridium Communications Inc. (IRDM)
CIK:        0001418819
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001418819-26-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Iridium Q1 revenue up 2% to $219.1M, net income drops to $21.6M; reiterates FY outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418819/000141881926000027/0001418819-26-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418819/000141881926000027/irdm-20260423.htm
  HTML page:      https://secwatch.observer/filing/0001418819-26-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer