IRDM|Iridium Communications Inc.
Communications Services, NEC
- Revenue
- $872M
- ▲ 4.9% YoY
- Operating margin
- 27.1%
- ▲ 12% YoY
- EBITDA
- $446M
- ▲ 11% YoY
- Market cap
- $5.0B
- Employees
- 975
- $894K revenue each
- Net debt / EBITDA
- 3.7×
- $1.7B net debt
- AI in 10-K
- 0.0
- mentions per 10K words
TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
350% of net income
Cash flow under 80% of net income
Dilutive SBCNo
6% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
62% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
9% of assets
Over 40% of assets
Shareholder dissentNo
87% lowest support
Any vote under 80% support
Buyer economics 2 of 4
Low revenue per employeeNo
$894K · 58th pct
Bottom quartile of its SIC industry
Quiet on AIYes
0.0 per 10K words · 0th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
3.7× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedYes
$5.0B market cap
Market cap $500M–$5B
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY | Trend |
|---|
| Revenue | $615M | $721M | $791M | $831M | $872M | ▲ 4.9% | |
|---|
| Operating income | $46M | $77M | $82M | $200M | $236M | ▲ 18% | |
|---|
| Net income | −$9M | $9M | $15M | $113M | $114M | ▲ 1.4% | |
|---|
| Operating cash flow | $303M | $345M | $315M | $376M | $400M | ▲ 6.4% | |
|---|
| Capex | $42M | $71M | $73M | $70M | $100M | ▲ 43% | |
|---|
| Stock-based comp | $27M | $44M | $57M | $63M | $52M | ▼ 19% | |
|---|
| Buybacks | $163M | $257M | $247M | $408M | $186M | ▼ 54% | |
|---|
| Dividends | $0 | $0 | $65M | $65M | $63M | ▼ 2.9% | |
|---|
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|
| Aug 4, 2026 | Baralonco Ltd | SCHEDULE 13D/A | 9.4% | Passive |
| Apr 2, 2026 | Baralonco Ltd | SCHEDULE 13D/A | 9.5% | Passive |
| Nov 26, 2025 | Baralonco Ltd | SCHEDULE 13D/A | 10.0% | Passive |
| Jun 26, 2025 | Baralonco Ltd | SCHEDULE 13D/A | 9.6% | Passive |
| Mar 11, 2022 | Baralonco Ltd | SC 13D/A | 8.1% | Passive |
| Nov 26, 2021 | Baralonco Ltd | SC 13D/A | 8.9% | Passive |
| Aug 26, 2021 | Baralonco Ltd | SC 13D/A | 9.9% | Passive |
| May 17, 2019 | Baralonco Ltd | SC 13D/A | 10.4% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $20M · 13
- Net
- −$20M
Pay vs performance
No pay-versus-performance disclosure yet.