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Iridium Communications IRDM Services — Cost of Product and Service Sold

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Other financials

Income statement

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Revenue$225.2M+3.8%
Operating income$34.0M-32.3%
Net income$9.7M-55.9%
EPS (diluted)$0.09-55.0%

Balance sheet

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Cash & equivalents$184.2M+132%
Total debt$1.8B-0.9%
Total equity$472.5M-0.2%
Total assets$2.6B-0.1%

Cash flow

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Operating cash flow$114.1M-11.9%
CapEx$21.8M+5.4%
Free cash flow$92.3M-15.2%

Valuation

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Market cap$5.12B+100%
P/E54.9×+32.3×
P/S5.8×+2.8×

Profitability

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Gross margin89.3%
Operating margin23.8%-1.6pp
Net margin10.5%-2.6pp
FCF margin32.6%-5.4pp

Returns & leverage

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Return on equity19.7%+1.8pp
Debt / equity3.9×+0.7×
Current ratio2.8×+0.3×

Where this comes from

Reported directly by Iridium Communications in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Iridium Communications’s 10-Q, filed July 22, 2026.

Filed
Jul 22, 2026, 7:01 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001418819-26-000045
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Engineering and support services43,14241,88183,95179,346
Total revenue225,237216,906444,294431,784
Operating expenses:
Cost of services (exclusive of depreciation and amortization)51,31453,603100,950102,389
Cost of subscriber equipment13,47811,30226,49224,169
Research and development5,5304,27911,7049,696
Selling, general and administrative67,04444,627112,82380,380
Depreciation and amortization53,86352,837107,604104,504

Item 1. Financial Statements

FAQ

What is Iridium Communications's services — cost of product and service sold?
Iridium Communications (IRDM) reported services — cost of product and service sold of $51.31M in Q2 2026.
How has Iridium Communications's services — cost of product and service sold changed year-over-year?
Iridium Communications's services — cost of product and service sold decreased by 4.3% year-over-year, from $53.6M to $51.31M.
What is the long-term trend for Iridium Communications's services — cost of product and service sold?
Over 4 years (2021 to 2025), Iridium Communications's services — cost of product and service sold has grown at a 19.5% compound annual growth rate (CAGR), from $97.02M to $197.58M.
What does services — cost of product and service sold mean?
This metric captures the direct costs incurred to provide services, including labor, materials, and overhead directly attributable to service delivery. It is a critical component for calculating the gross margin of the service segment and assessing operational efficiency. Monitoring this helps investors understand the direct cost structure and profitability profile of the company's service-based revenue streams.

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