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 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 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 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 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 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.
CFO Thomas Fitzpatrick to retire Dec 31, 2024; will remain on Board; Vincent O'Neill appointed CFO effective Jan 1, 2025.
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 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 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.
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 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 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).
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 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