Iridium Q1 net income $30.4M ($0.27 EPS), revenue up 5% YoY, reaffirms 2025 outlook

Iridium Communications Inc.

2025-Q1 EPS reported $0.27 revenue$214,878,000

Total revenue $214.9M (+5% YoY); service revenue $154.3M (+4%); OEBITDA $122.1M (+6%).
Total billable subscribers 2,443,000 (+5% YoY); commercial IoT subscribers up 7% to 1,885,000.
Board plans to raise quarterly dividend to $0.15/shr starting Q3 2025 (from $0.14).
Repurchased 2.4M shares for $70M in Q1; $360.3M remaining under buyback through 2027.
CEO warns incremental equipment costs from tariffs but reiterates full-year OEBITDA guidance of $490-500M.

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