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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:NetIncomeLoss.

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
Income before income taxes and loss on equity method investments14,31426,63545,46763,514
Income tax expense(3,125)(3,807)(11,952)(9,626)
Loss on equity method investments(1,510)(860)(2,242)(1,508)
Net income$9,679$21,968$31,273$52,380
Weighted average shares outstanding - basic106,969107,813106,648108,779
Weighted average shares outstanding - diluted108,468108,184107,956109,498
Net income per share - basic and diluted$0.09$0.20$0.29$0.48
Comprehensive income:

Item 1. Financial Statements

FAQ

What is Iridium Communications's net income?
Iridium Communications (IRDM) reported net income of $9.68M in Q2 2026.
How has Iridium Communications's net income changed year-over-year?
Iridium Communications's net income decreased by 55.9% year-over-year, from $21.97M to $9.68M.
What is the long-term trend for Iridium Communications's net income?
Over 4 years (2021 to 2025), Iridium Communications's net income has grown at a 87.2% compound annual growth rate (CAGR), from -$9.32M to $114.37M.
What does net income mean?
Net income as the starting point for the indirect method operating cash flow reconciliation.

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