Iridium Communications Inc.IRDM

NasdaqMedia & TelecomCommunications Services, NEC
Price (close)
$48.89
Market cap
$5.2B
P/E
55.5x
Revenue (TTM)
$884.2M
Net income
$93.3M
Dividend yield
1.23%
1-year total return
186.3%
Net margin
10.5%
Revenue growth
3.1%
Debt / equity
3.73x

What Iridium Communications Inc. does.

Iridium Communications Inc. (“we,” “us,” or “Iridium”) is a leading provider of global voice, data, and positioning, navigation and timing (PNT) satellite services. We are the only commercial provider of communications services offering true global coverage, connecting people, organizations and assets to and from anywhere, in real time. Our low-Earth orbit (LEO), L-band network provides specialized, reliable, weather-resilient communications services to regions of the world where terrestrial wireless or wireline networks do not exist or are limited, including remote land areas, open ocean, airways, the polar regions, and regions where the telecommunications infrastructure has been affected by political conflicts or natural disasters. In addition, our satellites have additional payloads to host specific additional services for other customers like Aireon LLC. We also utilize our long history operating a commercial LEO satellite system to provide a growing array of engineering and operational services to government customers and government network operators such as the U.S. Space Force.

Our primary business is to provide voice and data communications services to businesses, U.S. and foreign governments, non-governmental organizations, and consumers via our satellite network, which has an architecture of 66 operational satellites with in-orbit spares and related ground infrastructure. We utilize an interlinked mesh architecture in space to route traffic across our satellite constellation using radio frequency crosslinks between satellites. This architecture minimizes the need for local ground facilities to support the constellation, which facilitates the global reach of our services and allows us to offer services in countries and regions where we have no physical presence.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$583.4M$614.5M$721.0M$790.7M$830.7M$871.7M
Net income-$56.1M-$9.3M$8.7M$15.4M$112.8M$114.4M
Free cash flow$211.1M$260.7M$273.5M$241.4M$306.1M$299.8M

More on IRDM.

Figures from Iridium Communications Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.