Highest-materiality recent filing
Iridium closes Aireon acquisition for $366.7M; assumes $154.7M debt
Completed acquisition of remaining 61% of Aireon for ~$366.7M; 50% cash, 50% deferred via no-interest loan due in one year.
Iridium to be acquired by Rocket Lab for $27 cash per share plus variable stock consideration
Iridium shareholders receive $27.00 in cash plus a number of Rocket Lab shares per IRDM share, based on Exchange Ratio tied to RKLB VWAP.
Iridium declares $0.15 dividend, shareholders approve equity plan amendment
Cash dividend of $0.15 per share, payable June 30, 2026 to holders of record June 15, 2026.
Iridium to acquire remaining 61% of Aireon for $366.7M; assumes $155M debt
Purchase price $366.7M for 61% of Aireon; paid 50% at closing, 50% deferred for one year.
Iridium Q1 revenue up 2% to $219.1M, net income drops to $21.6M; reiterates FY outlook
Total revenue $219.1M (+2% YoY); service revenue $158.0M (+2%).
Iridium declares $0.15 quarterly dividend payable March 31
Dividend of $0.15 per share declared by Board on March 5, 2026.
Iridium adopts new annual bonus plan and executive severance plan for 2026
2026 bonus plan: target award = salary × committee-approved %; actual capped at 200% of target.
Iridium 2025 revenue up 5% to $871.7M; Q4 EPS $0.24 vs $0.32; 2026 OEBITDA guided $480-490M
Full-year 2025 net income $114.4M ($1.06 diluted EPS), up from $112.8M ($0.94) in 2024; OEBITDA $495.3M (+5%).
Iridium appoints Louis Alterman to Board; declares $0.15/share dividend
Board expanded to 12 members; Louis Alterman appointed as independent director, effective Dec 4, 2025.
Iridium Q3 revenue $226.9M, net income $37.1M; updates FY2025 outlook
Total revenue $226.9M (+7% YoY); service revenue $165.2M (+3%); equipment $21.5M, engineering $40.2M.
Iridium Q2 net income $22M, OEBITDA up 6%; lowers service revenue guidance; dividend raised to $0.15
Net income $22.0M ($0.20 diluted EPS) vs $32.3M ($0.27) in Q2 2024; OEBITDA $121.3M, up 6% YoY.
Iridium appoints HSBC executive Monique Shivanandan to Board of Directors
Monique Shivanandan appointed to Iridium Board effective June 17, 2025; Board size increased to 11.
Iridium declares $0.14/share dividend, approves equity plan increase to 38.1M shares
Quarterly cash dividend of $0.14 per share payable June 30, 2025 to holders of record June 13, 2025.
Iridium Q1 net income $30.4M ($0.27 EPS), revenue up 5% YoY, reaffirms 2025 outlook
Total revenue $214.9M (+5% YoY); service revenue $154.3M (+4%); OEBITDA $122.1M (+6%).
Iridium declares $0.14 per share cash dividend, payable March 31, 2025
Iridium's Board declared a cash dividend on its common stock.
Iridium Q4 2024: revenue $213M (+9% YoY), OEBITDA $117.1M; returns $469M to shareholders in 2024
Q4 net income $36.3M ($0.32 diluted EPS) vs $38M ($0.30) YoY; full-year net income $112.8M ($0.94) vs $15.4M ($0.12).
Iridium approves 2025 Performance Bonus Plan with executive target percentages
CEO Desch target bonus 100% of base salary; COO McBride 80%, CFO O'Neill 65%, EVP Scheimreif 65%.
Iridium appoints Vincent O'Neill as CFO with $410K salary, $1.5M LTI grant
O'Neill's employment agreement: base salary $410,000, target bonus 65% of salary, long-term incentive grant of $1,500,000 (50% time-based RSUs, 50% performance-based RSUs) expected March 1, 2025.
Iridium Communications declares $0.14 per share cash dividend
Board declared a cash dividend of $0.14 per share on common stock.
Iridium Q3 net income $24.4M, record revenue $212.8M, boosts buyback by $500M
Q3 net income $24.4M ($0.21 diluted EPS) vs year-ago loss $1.6M; record OEBITDA $124.4M.
Iridium approves additional $500M share repurchase, total authorizations now $1.5B
Board authorized $500M in common stock repurchases through Dec 31, 2027; largest authorization ever.
CFO Thomas Fitzpatrick to retire Dec 31, 2024; will remain on Board; Vincent O'Neill appointed CFO effective Jan 1, 2025.
Iridium adds $200M term loans; proceeds to repay revolver and fund buybacks
Iridium Satellite LLC borrowed $200M in additional term loans under existing credit agreement.
Iridium launches $200M incremental term loan to accelerate share repurchases
Announced $200M incremental term loan on same terms as existing $1.62B credit agreement.
Iridium Q2 net income $32.3M vs loss last year; revenue up 4% to $201.1M
Net income $32.3M ($0.27 diluted EPS) vs net loss $30.7M in Q2 2023.
Iridium reduces credit facility interest margin by 25bps to SOFR+2.25%
Interest rate margin reduced from SOFR+2.50% to SOFR+2.25%, 0.75% SOFR floor unchanged.
Iridium declares $0.14/share cash dividend; annual meeting elects directors
Dividend of $0.14 per share declared, payable June 28, 2024, to holders of record June 14, 2024.
Iridium Q1 net income $19.7M; OEBITDA $115M; completes Satelles acquisition; raises dividend
Net income $19.7M ($0.16 diluted EPS) vs $9.8M ($0.08) YoY; OEBITDA $115M up 3%.
Iridium borrows additional $125M term loan to fund Satelles acquisition
Added $125M term loan to existing $1.5B facility; same terms: SOFR+2.5% with 0.75% floor, maturing 2030.
Iridium grants PSUs up to $7M to CEO; approves 2024 bonus plan with EBITDA target
CEO Target Award $3.25M (Max $7M); CFO/COO each $1.25M ($2.5M max); EVPs $750K ($1.5M max).
Iridium Q4 net income $38M; extends satellite life; raises dividend, guides 2024 OEBITDA $460-470M
Q4 net income $38.0M ($0.30 diluted EPS) vs net loss $0.8M prior year; OEBITDA $114.1M up 7% YoY.
Iridium director Jane L. Harman to retire at next annual meeting
Jane L. Harman informed Iridium she will retire from the Board effective at the next Annual Meeting of Stockholders and will not stand for re-election.
Iridium declares $0.13 per share cash dividend, payable Dec 29, 2023
Board declared a cash dividend of $0.13 per share on common stock.
Qualcomm notified Iridium of termination of agreements for satellite messaging in smartphones, effective Dec 3, 2023.
Iridium Q3 net loss $1.6M; record OEBITDA $121.3M, +12% YoY; rev $197.6M +7%
Net loss of $1.6M ($0.01/diluted) vs net income $2.1M ($0.02) in Q3 2022; loss due to credit facility refinancing costs.
Iridium enters $1.5B amended credit facility; $100M revolver added
Borrowed $1.5 billion term loan (7-yr) to refinance $1.496B of existing debt and pay costs.
Director Parker W. Rush to retire from Iridium board effective Dec 31, 2023
Parker W. Rush informed Iridium of his retirement as Board member, effective December 31, 2023.
Iridium declares $0.13 per share cash dividend
Dividend of $0.13 per share declared by Board on September 5, 2023.
Iridium authorizes $400M share repurchase program through Dec 2025
Board approved buyback of up to $400 million in IRDM common stock.
Iridium Q2 net loss $30.7M on satellite write-off; record OEBITDA $115.8M, rev $193.1M up 10%
Net loss $30.7M ($0.24/share) vs net income $4.6M prior year; write-off of remaining ground spare satellite after May launch.
Iridium declares $0.13 quarterly dividend, shareholders approve equity plan expansion
Cash dividend of $0.13 per share declared, payable June 30, 2023 to holders of record June 15, 2023.
Iridium Q1: Net income $9.8M (EPS $0.08), OEBITDA $111.9M (+8% YoY), revenue +22%
Net income $9.8M ($0.08 diluted) vs $2.8M ($0.02) in Q1 2022; OEBITDA $111.9M (+8% YoY).
Director Henrik O. Schliemann to retire from Iridium board at next annual meeting
Henrik O. Schliemann informed Iridium he will retire as board member effective at the next Annual Meeting of Stockholders.
Iridium Q4 net loss narrows to $0.8M; 2023 OEBITDA guidance $455-465M
Q4 net loss $0.8M ($0.01/sh) vs $5.9M loss a year ago; full-year net income $8.7M ($0.07/sh).
Iridium approves 2023 performance share awards and bonus plan for executives
CEO Matthew Desch gets $3.5M target award ($5.25M max) under performance share program.
Iridium partners with Qualcomm to enable satellite messaging in smartphones via Snapdragon Satellite
Qualcomm's Snapdragon Satellite solution will use Iridium's global satellite constellation.
Iridium signs service provider agreement to enable satellite technology in smartphones
Iridium entered a service provider agreement for its smartphone technology; builds on prior development deal.
Iridium initiates quarterly dividend of $0.13 per share, first cash dividend
First-ever cash dividend declared at $0.13 per share; payable March 30, 2023 to shareholders of record March 15, 2023.
Iridium Q3 net income $2.1M vs loss a year ago; OEBITDA record $107.8M; raises 2022 outlook
Total revenue $184.1M (+14% YoY); service revenue $139.0M (+9%); commercial IoT subs up 22% to 1.412M.
Q2 net income $4.6M ($0.04 diluted EPS) vs $3.8M ($0.03) YoY; total revenue $174.9M (+17%); OEBITDA record $105.9M (+12%).
On June 17, 2025, the Board of Directors (the “Board”) of Iridium Communications Inc. (the “Company”) appointed Monique S. Shivanandan as a director of the Company, effective immediately
On August 16, 2024, Thomas J. Fitzpatrick, Chief Financial Officer (principal financial officer) of Iridium Communications Inc. (the “Company”), notified the board of directors of the Company (the “Board”) of his decision to retire from his positions with the Company, with such retirement to be effective at the close of business on December 31, 2024.
Also on August 16, 2024, Bryan J. Hartin, Executive Vice President, Sales and Marketing of the Company, notified the Board of his decision to retire from his position with the Company, with such retirement to be effective at the close of business on December 31, 2024.
On August 21, 2024, the Company announced the appointment of Vincent O’Neill, 58, as its Chief Financial Officer, effective January 1, 2025.
On December 28, 2023, Jane L. Harman informed Iridium Communications Inc. (the “Registrant”) that she will be retiring as a member of the Board of Directors of the Registrant effective as of the next Annual Meeting of Stockholders and therefore not standing for re-election.
On September 13, 2023, Parker W. Rush informed Iridium Communications Inc. (the “Registrant”) that he will be retiring as a member of the Board of Directors of the Registrant effective as of December 31, 2023.
On February 22, 2023, Henrik O. Schliemann informed Iridium Communications Inc. (the “Registrant”) that he will be retiring as a member of the Board of Directors of the Registrant effective as of the next Annual Meeting of Stockholders and therefore not standing for re-election.
On February 15, 2022, Steven B. Pfeiffer notified the Board of Directors of Iridium Communications Inc. (the “Registrant”) that he will be retiring as a member of the Board of Directors of the Registrant and therefore will not stand for re-election at the Registrant’s 2022 Annual Meeting of Stockholders to be held in May 2022 (the “Annual Meeting”).
Max materiality 0.95 · Median 0.60 · Most common event earnings