Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services; and inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and other government agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government's dedicated gateway. Further, it provides satellite handsets, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. is headquartered in McLean, Virginia.

Iridium Communications Inc

Iridium Communications IRDM reported earnings per share (EPS) of 24 cents for the fourth quarter of 2025, beating the Zacks Consensus Estimate by 4.4%. The bottom line, however, compared unfavorably with the prior year quarter's figure of 32 cents.
Iridium reported quarterly total revenue of $212.9 million, flat year over year, missing the consensus estimate by 3%. Service revenue growth largely offset declines in subscriber equipment revenue. This mix shift continues to enhance visibility and margin stability, as service revenue is primarily recurring and subscription-driven. For the full year, revenue grew 5% to $871.7 million, fueled by rising IoT demand and deeper integration into mission-critical applications.
Total Service revenues rose 3% year over year to $158.9 million. The growth in recurring revenues, led by higher subscriber engagement, drove the performance. Service revenues contributed 75% to total revenues in the fourth quarter. Our estimate for the metric was $157.8 million.
Commercial service revenue grew 3% year over year to $131.2 million, accounting for 62% of total revenue in the quarter. Growth was driven by a 4% increase in voice and data revenue, supported by summer price hikes, and an 11% rise in commercial IoT revenue. In 2025, Iridium added new partners and certified more than 30 IoT products. These new relationships and applications are expected to expand its sales pipeline and extend its satellite technology to more industries and customers in the coming years. This segment remains the structural growth pillar of the business.
Iridium Communications Inc Price, Consensus and EPS Surprise
Hosted payload and other data services revenue fell 13% year over year to $13.4 million in the quarter, mainly due to a delay in a PNT deployment by an existing customer. Excluding this delay, demand for Iridium’s assured PNT services remains strong, and the company continues to target $100 million in annual service revenue from this business by the end of the decade. Government service revenue rose 3% to $27.6 million, driven by a contractual rate increase under the Enhanced Mobile Satellite Services (EMSS) contract with the U.S. Space Force. Our estimate for total commercial service and government service revenues was pegged at $137.5 million and $26.3 million, respectively.
Subscriber Equipment sales declined 21% to $17 million. Although down year over year, it aligns with Iridium’s outlook for normalized annual equipment sales of $80–$90 million. We projected the figure to be $18.6 million.
Engineering and support revenue inched down 1% year over year at $37.1 million. Engineering revenue rose sharply in 2025 and is expected to grow again in 2026, providing diversification beyond pure subscription revenue.
Following the announcements, IRDM’s shares jumped 21.3% in trading and closed the session at $22.39 on Feb. 12. In the past year, shares have declined 30% against the Zacks Satellite and Communication industry's growth of 168%.
Image Source: Zacks Investment Research
Other Details
Total operating expenses were $157.7 million compared with $160.9 in the prior-year quarter, primarily due to lower research and development costs.
Operational EBITDA (OEBITDA) of $115.3 million was down 2% year over year. OEBITDA fell by a $3 million inventory charge recorded in the fourth quarter.
Operating income came in at $55.3 million compared with $52.1 million in the year-ago quarter.
Iridium ended the fourth quarter with 2,537,000 total billable subscribers, up 3% from 2,460,000 at the prior-year quarter end. The year-over-year rise was backed by strength in commercial IoT. Commercial IoT now represents 83% of commercial subscribers, reinforcing Iridium’s strategy of serving industrial, maritime, aviation, oil & gas, mining and asset-tracking markets.
Liquidity
As of Dec. 31, 2025, total cash and cash equivalents were $96.5 million, with $1.7 billion of net debt. Capital expenditures were $33.5 million in the quarter under review.
Due to the suspension of its share repurchase program as announced on the third-quarterearnings call Iridium did not buy back any shares in the fourth quarter. In 2025, Iridium bought back about 6.8 million shares for a total of roughly $185 million. As of Dec. 31, 2025, $245.3 million remained available under the current authorization, which runs through 2027.
2026 Guidance Signals Discipline
For 2026, service revenue is expected to be flat to up 2%, reflecting continued IoT growth offset by moderation elsewhere, following 2025 service revenue of $634 million.
Iridium expects 2026 OEBITDA of $480–$490 million compared with $495.3 million reported in 2025. The guidance includes a roughly $17 million hit from paying incentive compensation fully in cash rather than a mix of cash and equity. Excluding this accounting change, 2026 OEBITDA would have been $497–$507 million, indicating no underlying operational deterioration.
IRDM’s Zacks Rank
Iridium currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here
Recent Performances of Peers
America Movil, S.A.B. de C.V. AMX reported net income per ADR of 35 cents for fourth-quarter 2025, up from 7 cents in the prior-year quarter. The earnings figure, however, missed the Zacks Consensus Estimate of 43 cents. Net income in the quarter was Mex$19,134 million, or Mex$0.32 per share, compared with Mex$4,074 million, or Mex$0.07 per share, in the year-ago quarter.
Lumen Technologies, Inc. LUMN reported a fourth-quarter 2025 adjusted earnings (excluding special items) of 23 cents per share, which was significantly higher than the Zacks Consensus Estimate of a loss of 21 cents. The company reported adjusted loss per share of 9 cents in the prior-year quarter. Quarterly total revenues were $3.041 billion, down 8.7% year over year and missed the Zacks Consensus Estimate by 1.4%.
BCE Inc. BCE reported fourth-quarter 2025 adjusted EPS of C$0.69 (49 cents), down from C$0.79 in the prior-year quarter. The Zacks Consensus Estimate was pegged at 45 cents. Quarterly total operating revenues dipped 0.3% year over year to C$6.4 billion ($4.6 billion). The consensus estimate was pegged at $4.7 billion. The decline is attributed to a 15% fall in Product revenues, which totaled C$965 million, amid 2.9% growth in Service revenues, which came in at C$5.4 billion.
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IRDM Q4 Earnings Top on IoT Strength, Revenues Lag, Stock Soars 21%

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Iridium (IRDM) Q4 2025 Earnings Call Transcript

Key Points
Promising test results have Iridium on track for a commercial launch in 2026.
Iridium's 5G services could be enticing to telecom titans like T-Mobile.
Shares of Iridium Communications (NASDAQ: IRDM) climbed on Thursday after the satellite services provider announced a successful test of its NTN Direct network.
By the close of trading, Iridium's stock price was up more than 11%.
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The future of connectivity
The test included two-way message transmission over Iridium's low-Earth orbit satellite network. The space-based, direct-to-device platform could be among the first to support wireless communications between Internet of Things (IoT) devices worldwide.
Iridium hopes to partner with telecommunications companies like T-Mobile to enable them to extend service beyond their traditional land-based networks, thereby eliminating coverage gaps. Iridium also plans to work with device makers to help them more easily connect to its 5G voice, data, and navigation services.
"This milestone reinforces why mobile network operators and chipset makers are engaging with Iridium," CEO Matt Desch said in a press release. "We offer a low-risk, globally coordinated, and operational network designed to complement what they do, not compete with what they do."
On track to debut in 2026
Iridium is targeting a commercial launch later this year.
"Iridium NTN Direct is no longer a concept, it's on the air, sending messages, and now being rigorously tested to meet our elite performance standards," Desch said.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Iridium Communications Stock Soared Today

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in McDonald's Corp (Symbol: MCD), where a total of 13,281 contracts have traded so far, representing approximately 1.3 million underlying shares. That amounts to about 46.7% of MCD's average daily trading volume over the past month of 2.8 million shares. Especially high volume was seen for the $310 strike call option expiring January 23, 2026, with 3,639 contracts trading so far today, representing approximately 363,900 underlying shares of MCD. Below is a chart showing MCD's trailing twelve month trading history, with the $310 strike highlighted in orange:
Iridium Communications Inc (Symbol: IRDM) saw options trading volume of 8,252 contracts, representing approximately 825,200 underlying shares or approximately 46.6% of IRDM's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $22.50 strike call option expiring February 20, 2026, with 2,749 contracts trading so far today, representing approximately 274,900 underlying shares of IRDM. Below is a chart showing IRDM's trailing twelve month trading history, with the $22.50 strike highlighted in orange:
And Applied Materials, Inc. (Symbol: AMAT) options are showing a volume of 29,069 contracts thus far today. That number of contracts represents approximately 2.9 million underlying shares, working out to a sizeable 46.4% of AMAT's average daily trading volume over the past month, of 6.3 million shares. Particularly high volume was seen for the $330 strike call option expiring January 23, 2026, with 2,178 contracts trading so far today, representing approximately 217,800 underlying shares of AMAT. Below is a chart showing AMAT's trailing twelve month trading history, with the $330 strike highlighted in orange:
For the various different available expirations for MCD options, IRDM options, or AMAT options, visit StockOptionsChannel.com.
Also see:
TBIO shares outstanding history
Institutional Holders of NEWL
UDBI Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Thursday Option Activity: MCD, IRDM, AMAT

Iridium Communications Inc. IRDM has successfully completed on-air testing of Iridium NTN Direct, marking a pivotal moment in the satellite and telecom industries. By transmitting two-way messages over its low-Earth orbit (LEO) network using 3GPP-compliant NB-IoT standards, the company has moved decisively from promise to proof. As commercial service targets 2026, NTN Direct is shaping up to be one of the most strategically important offerings in the convergence of satellite, 5G and IoT.
Iridium NTN Direct is being developed as the world’s first globally available, 3GPP standards-based NB-IoT NTN service. Unlike proprietary or regionally constrained satellite solutions, the company’s approach aligns directly with existing cellular standards, enabling easier adoption across the mobile ecosystem. By implementing new 5G waveform algorithms directly on its satellites, Iridium demonstrates how software-defined space infrastructure can adapt to evolving connectivity standards.
The successful test leveraged Nordic Semiconductor’s nRF9151 LTE-M/NB-IoT/NTN module, a low-power chipset designed for battery-operated devices. This is a crucial validation point, not just for Iridium, but for the broader IoT ecosystem. Nordic’s alignment with Iridium’s 2026 commercial timeline further strengthens confidence in mass-market readiness.
Use Cases Across Consumer & Industrial Markets
Iridium NTN Direct is designed to support a wide range of applications, including emergency and safety messaging, asset and fleet tracking, automotive and transportation monitoring, utilities and critical infrastructure, agriculture and environmental monitoring and remote industrial maintenance. Unlike satellite services tied to regional spectrum or limited geographic footprints, Iridium’s network already delivers 100% global coverage. This dramatically reduces regulatory complexity and accelerates partner onboarding.
Many satellite solutions struggle with regional limitations and regulatory fragmentation. Iridium’s globally licensed spectrum and unified network architecture eliminate much of this complexity. For partners, this means faster time to market, reduced regulatory friction, simplified commercial models and truly global product offerings. This is a critical differentiator as enterprises increasingly demand worldwide deployment capabilities.
With on-air testing underway, Iridium will continue expanding trials and deepening partner integrations over the coming months. Commercial availability in 2026 now appears increasingly tangible.
Iridium Communications Inc Price and Consensus
Iridium NTN Direct is poised to enhance the company’s IoT portfolio and extend its reach into the broader terrestrial IoT market. It has signed agreements with Karrier One and Deutsche Telekom to integrate its NTN DirectSM IoT capabilities, advancing 3GPP standards-based, 5G-powered non-terrestrial networks. These partnerships aim to expand global D2D connectivity across industries and regions. It is further pursuing new revenue streams through strategic investments in intellectual property and assets that complement, rather than compete with, future D2D services. Management expects higher capital expenditures in 2025 to support the ongoing development of Iridium NTN Direct and the advancement of 5G standards integration.
However, low barriers to entry, intense competition in the satellite space and a leveraged balance sheet remain an overhang on IRDM’s prospects.
IRDM’s Zacks Rank & Stock Price Performance
Shares of this Zacks Rank #4 (Sell) company have lost 39.5% in the past year against the Zacks Satellite and Communication industry's surge of 185.6%.
Image Source: Zacks Investment Research
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Iridium NTN Direct Sets for Beta Entry After Successful Testing

In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Iridium Communications Inc (Symbol: IRDM), which saw buying by CHIEF EXECUTIVE OFFICER Matthew J. Desch.
Back on October 30, Desch invested $346,600.00 into 20,000 shares of IRDM, for a cost per share of $17.33. In trading on Tuesday, bargain hunters could buy shares of Iridium Communications Inc (Symbol: IRDM) and achieve a cost basis 3.6% cheaper than Desch, with shares changing hands as low as $16.70 per share. It should be noted that Desch has collected $0.15/share in dividends since the time of their purchase, so they are currently down 2.8% on their purchase from a total return basis. Iridium Communications Inc shares are currently trading -4.66% on the day. The chart below shows the one year performance of IRDM shares, versus its 200 day moving average:
Looking at the chart above, IRDM's low point in its 52 week range is $15.645 per share, with $34.45 as the 52 week high point — that compares with a last trade of $16.91. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
Purchased
Insider
Title
Shares
Price/Share
Value
10/28/2025
Robert H. Niehaus
Director
30,000
$17.49
$524,700.00
10/30/2025
Matthew J. Desch
CHIEF EXECUTIVE OFFICER
20,000
$17.33
$346,600.00
The DividendRank report noted that among the coverage universe, IRDM shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at Iridium Communications Inc, and favorable long-term multi-year growth rates in key fundamental data points.
The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''
The annualized dividend paid by Iridium Communications Inc is $0.6/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/15/2025. Below is a long-term dividend history chart for IRDM, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
Also see:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Iridium Communications Named Top Dividend Stock With Insider Buying and 3.41% Yield (IRDM)

Looking at the universe of stocks we cover at Dividend Channel, on 12/15/25, Motorola Solutions Inc (Symbol: MSI), Iridium Communications Inc (Symbol: IRDM), and IDT Corp (Symbol: IDT) will all trade ex-dividend for their respective upcoming dividends. Motorola Solutions Inc will pay its quarterly dividend of $1.21 on 1/15/26, Iridium Communications Inc will pay its quarterly dividend of $0.15 on 12/31/25, and IDT Corp will pay its quarterly dividend of $0.06 on 12/23/25. As a percentage of MSI's recent stock price of $370.73, this dividend works out to approximately 0.33%, so look for shares of Motorola Solutions Inc to trade 0.33% lower — all else being equal — when MSI shares open for trading on 12/15/25. Similarly, investors should look for IRDM to open 0.80% lower in price and for IDT to open 0.12% lower, all else being equal.
Below are dividend history charts for MSI, IRDM, and IDT, showing historical dividends prior to the most recent ones declared.
Motorola Solutions Inc (Symbol: MSI):
Iridium Communications Inc (Symbol: IRDM):
IDT Corp (Symbol: IDT):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.31% for Motorola Solutions Inc, 3.18% for Iridium Communications Inc, and 0.48% for IDT Corp.
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In Thursday trading, Motorola Solutions Inc shares are currently down about 0.2%, Iridium Communications Inc shares are up about 6.2%, and IDT Corp shares are up about 2.7% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ex-Dividend Reminder: Motorola Solutions, Iridium Communications and IDT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Casey's General Stores, Inc. (Symbol: CASY), where a total volume of 2,252 contracts has been traded thus far today, a contract volume which is representative of approximately 225,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 76.5% of CASY's average daily trading volume over the past month, of 294,530 shares. Particularly high volume was seen for the $530 strike put option expiring December 19, 2025, with 197 contracts trading so far today, representing approximately 19,700 underlying shares of CASY. Below is a chart showing CASY's trailing twelve month trading history, with the $530 strike highlighted in orange:
Coinbase Global Inc (Symbol: COIN) saw options trading volume of 73,422 contracts, representing approximately 7.3 million underlying shares or approximately 73.3% of COIN's average daily trading volume over the past month, of 10.0 million shares. Especially high volume was seen for the $290 strike call option expiring December 12, 2025, with 3,960 contracts trading so far today, representing approximately 396,000 underlying shares of COIN. Below is a chart showing COIN's trailing twelve month trading history, with the $290 strike highlighted in orange:
And Iridium Communications Inc (Symbol: IRDM) options are showing a volume of 13,327 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 69.8% of IRDM's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $20 strike call option expiring January 16, 2026, with 9,063 contracts trading so far today, representing approximately 906,300 underlying shares of IRDM. Below is a chart showing IRDM's trailing twelve month trading history, with the $20 strike highlighted in orange:
For the various different available expirations for CASY options, COIN options, or IRDM options, visit StockOptionsChannel.com.
Also see:
MGAM Options Chain
ATG Historical Stock Prices
WTBA Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Wednesday Option Activity: CASY, COIN, IRDM

The Pacer Data & Infrastructure Real Estate ETF is seeing unusually high volume in afternoon trading Thursday, with over 604,000 shares traded versus three month average volume of about 63,000. Shares of SRVR were up about 0.3% on the day.
Components of that ETF with the highest volume on Thursday were Iridium Communications, trading up about 3.7% with over 1.0 million shares changing hands so far this session, and American Tower, up about 0.8% on volume of over 911,000 shares. Equinix is lagging other components of the Pacer Data & Infrastructure Real Estate ETF Thursday, trading lower by about 1.3%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Thursday's ETF with Unusual Volume: SRVR

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $346.6K by Matthew J. Desch, CHIEF EXECUTIVE OFFICER at Iridium Communications Inc (Symbol: IRDM).
Desch's average cost works out to $17.33/share. In trading on Monday, bargain hunters could buy shares of Iridium Communications Inc (Symbol: IRDM) and achieve a cost basis lower than Desch, with shares changing hands as low as $16.68 per share. Shares of Iridium Communications Inc were changing hands at $16.79 at last check, trading down about 0.4% on Monday. The chart below shows the one year performance of IRDM shares, versus its 200 day moving average:
Looking at the chart above, IRDM's low point in its 52 week range is $16.555 per share, with $34.45 as the 52 week high point — that compares with a last trade of $16.79.
The current annualized dividend paid by Iridium Communications Inc is $0.6/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/15/2025. Below is a long-term dividend history chart for IRDM, which can be of good help in judging whether the most recent dividend with approx. 3.6% annualized yield is likely to continue.
Free Report: Top 8%+ Dividends (paid monthly)
Click here to find out which other top insider buys by the ''top brass'' you need to know about »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.