Iridium Communications Inc.
Communication ServicesNASDAQ:IRDM · NASDAQ Global Select
-$2.46 today
Vol 3.60M · Avg 2.45M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$875.8M of revenue converted into $105.6M of net income for the selected period. Gross margin is 62.7% and net margin is 12.0%, showing how much revenue survives after costs and taxes. EPS is $0.99, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $871.7M +4.9% | $830.7M +5.1% | $790.7M +9.7% | $721.0M +17.3% | $614.5M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $197.6M -54.4% | $433.7M -14.6% | $507.6M +0.6% | $504.6M +10.7% | $455.8M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $674.1M +69.8% | $397.0M +40.2% | $283.1M +30.8% | $216.4M +36.4% | $158.7M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 77.3% +29.5pp | 47.8% +12.0pp | 35.8% +5.8pp | 30.0% +4.2pp | 25.8% | 9.8% | 28.9% | 38.3% |
| Research & Development | $19.8M -30.5% | $28.4M +40.2% | $20.3M +25.0% | $16.2M +36.5% | $11.9M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $157.7M -4.5% | $165.1M +14.9% | $143.7M +16.4% | $123.5M +22.9% | $100.5M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $438.1M +126.4% | $193.5M +18.0% | $164.0M +17.4% | $139.7M +24.4% | $112.4M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $210.2M +3.5% | $203.1M -28.1% | $282.5M -6.9% | $303.5M -0.6% | $305.4M | $374.2M | $1.2B | $631.8M |
| EBITDA | $440.4M +6.0% | $415.7M +9.4% | $380.1M -1.6% | $386.1M +10.2% | $350.4M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 50.5% +0.5pp | 50.0% +2.0pp | 48.1% -5.5pp | 53.5% -3.5pp | 57.0% | 5.6% | 46.3% | 42.0% |
| Operating Income | $236.0M +16.0% | $203.5M +70.8% | $119.1M +55.4% | $76.7M +65.6% | $46.3M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 27.1% +2.6pp | 24.5% +9.4pp | 15.1% +4.4pp | 10.6% +3.1pp | 7.5% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 -100.0% | $11.6M -2.6% | $11.9M +70.5% | $7.0M | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $88.3M -14.1% | $102.8M +0.4% | $102.3M +41.9% | $72.1M -2.5% | $73.9M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$94.0M -19.8% | -$78.4M +39.6% | -$130.0M -92.1% | -$67.7M +10.0% | -$75.2M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $142.0M +13.6% | $125.0M +1253.9% | -$10.8M -220.2% | $9.0M +131.2% | -$28.9M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 16.3% +1.2pp | 15.1% +16.4pp | -1.4% -2.6pp | 1.3% +6.0pp | -4.7% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $27.6M +125.3% | $12.3M +146.7% | -$26.3M -9090.1% | $292.0K +101.5% | -$19.6M | $1.3B | -$1.6B | $745.2M |
| Net Income | $114.4M +1.4% | $112.8M +631.6% | $15.4M +76.7% | $8.7M +193.6% | -$9.3M | $4.9B | $4.8B | $4.7B |
| Net Margin | 13.1% -0.5pp | 13.6% +11.6pp | 1.9% +0.7pp | 1.2% +2.7pp | -1.5% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 +12.6% | $1 +691.7% | $0 +76.5% | $0 +197.4% | -$0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 +12.8% | $1 +683.3% | $0 +79.1% | $0 +196.0% | -$0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $107.2M -9.6% | $118.6M -3.4% | $122.8M -4.3% | $128.3M -4.0% | $133.5M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $107.8M -10.0% | $119.8M -5.8% | $127.2M -2.2% | $130.1M -2.5% | $133.5M | $1.2B | $924.4M | $678.0M |
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How much revenue does IRDM generate?
Iridium Communications Inc. (IRDM) reported $871.66M of revenue in fiscal 2025.
Is IRDM profitable?
Iridium Communications Inc. (IRDM) reported $114.37M of net income, with a net margin of 13.1%.
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