---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-042982"
form_type: "8-K"
ticker: "IRDM"
cik: "0001418819"
company_name: "Iridium Communications Inc."
filed_at: "2024-10-17T23:59:59+00:00"
generated_at: "2026-05-30T13:13:53.798070+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Iridium Q3 net income $24.4M, record revenue $212.8M, boosts buyback by $500M

## Summary
- Q3 net income $24.4M ($0.21 diluted EPS) vs year-ago loss $1.6M; record OEBITDA $124.4M.
- Total revenue $212.8M (+8% YoY); service revenue $159.9M (+5%); commercial IoT revenue $43.7M (+14%).
- Ended Q3 with 2.48M billable subs (+11% YoY); IoT subs 1.9M (+14%).
- Board authorized additional $500M share repurchase through Dec 2027; Q3 repurchased 4.7M shares for $128.6M.
- Full-year OEBITDA guidance raised to $465-470M (from $460-470M); net leverage 3.5x.

## SEC filing metadata
- accession: 0001628280-24-042982
- form_type: 8-K
- ticker: IRDM
- cik: 0001418819
- company_name: Iridium Communications Inc.
- filed_at: 2024-10-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418819/000162828024042982/0001628280-24-042982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418819/000162828024042982/irdm-20241017.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-042982
- JSON: https://secwatch.observer/filing/0001628280-24-042982.json
- Plain text: https://secwatch.observer/filing/0001628280-24-042982.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.