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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:SellingGeneralAndAdministrativeExpense.

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
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
Total operating expenses191,229166,648359,573321,138
Operating income34,00850,25884,721110,646
Other expense, net:

Item 1. Financial Statements

FAQ

What is Iridium Communications's SG&A?
Iridium Communications (IRDM) reported SG&A of $67.04M in Q2 2026.
How has Iridium Communications's SG&A changed year-over-year?
Iridium Communications's SG&A increased by 50.2% year-over-year, from $44.63M to $67.04M.
What is the long-term trend for Iridium Communications's SG&A?
Over 4 years (2021 to 2025), Iridium Communications's SG&A has grown at a 11.9% compound annual growth rate (CAGR), from $100.47M to $157.71M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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