Iridium Communications Inc.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 12, 2026
IRDM$46.13+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue: | |||
| Services | $633,958 | $614,914 | $584,454 |
| Subscriber equipment | 81,109 | 91,416 | 105,136 |
| Engineering and support services | 156,592 | 124,352 | 101,133 |
| Total revenue | 871,659 | 830,682 | 790,723 |
| Operating expenses: | |||
| Cost of services (exclusive of depreciation and amortization) | 197,577 | 178,140 | 158,710 |
| Cost of subscriber equipment | 50,426 | 52,427 | 66,410 |
| Research and development | 19,758 | 28,422 | 20,269 |
| Selling, general and administrative | 157,711 | 168,182 | 143,706 |
| Depreciation and amortization | 210,207 | 203,127 | 320,000 |
| Total operating expenses | 635,679 | 630,298 | 709,095 |
| Operating income | 235,980 | 200,384 | 81,628 |
| Other income (expense): | |||
| Interest expense, net | (88,252) | (91,134) | (90,387) |
| Other income (expense), net | (2,915) | 534 | 4,012 |
| Total other expense | (91,167) | (90,600) | (86,375) |
| Income (loss) before income taxes and equity in net earnings of affiliates | 144,813 | 109,784 | (4,747) |
| Income tax (expense) benefit | (27,618) | (12,259) | 26,251 |
| Gain (loss) on equity method investments | (2,823) | 15,251 | (6,089) |
| Net income | 114,372 | 112,776 | 15,415 |
| Weighted average shares outstanding - basic | 107,240 | 118,566 | 125,598 |
| Weighted average shares outstanding - diluted | 107,837 | 119,792 | 127,215 |
| Net income attributable to common stockholders per share - basic | $1.07 | $0.95 | $0.12 |
| Net income attributable to common stockholders per share - diluted | $1.06 | $0.94 | $0.12 |
| Comprehensive income (loss): | |||
| Net income | $114,372 | $112,776 | $15,415 |
| Foreign currency translation adjustments | 3,064 | (3,143) | (58) |
| Unrealized loss on cash flow hedges, net of tax (see Note 7) | (20,929) | (12,493) | (17,598) |
| Comprehensive income (loss) | $96,507 | $97,140 | $(2,241) |
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