IRDM on Nasdaq

Iridium Communications

Logo: Iridium, Public domain, via Wikimedia Commons5

American satellite communications company

Iridium Communications Inc. is a publicly traded American satellite communications company headquartered in McLean, Virginia. Its principal operating subsidiary is Iridium Satellite LLC. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are operational satellites and fourteen function as in-orbit spares.3 Its shares trade on Nasdaq under the symbol IRDM.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

2001Founded1

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  • TickerIRDM on Nasdaq1
  • Industrytelecommunications industry1
  • HeadquartersMcLean1
  • Websitewww.iridium.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address1676 International Drive, Suite 1100, Mclean, Va 221026
  • Filer categoryLarge accelerated filer6
  • LEI549300U620NVQ4J1CT964
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 44509084

Iridium Communications Inc. is a publicly traded American satellite communications company headquartered in McLean, Virginia. Its principal operating subsidiary is Iridium Satellite LLC. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are operational satellites and fourteen function as in-orbit spares. Iridium satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers. The company is also developing standards-based direct-to-device satellite connectivity for conventional mobile and Internet of things devices. Iridium's satellites also host the space-based Automatic Dependent Surveillance–Broadcast (ADS-B) receivers operated by Aireon, which became a wholly owned subsidiary of Iridium in 2026. The nearly polar orbits and communication between satellites via inter-satellite links provide global service availability.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

27.1%Operating margin9
13.1%Net margin9
4.9%Revenue growth, 20259
24.7%Return on equity9
3.80×Debt to equity9
$299.8MFree cash flow9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service brought in 54% of the revenue Iridium Communications broke down this way in fiscal 2025.

  1. Service$634.0M954%up 3% from 2024
  2. Commercial IoT Data Services$181.4M916%up 9% from 2024
  3. Engineering and Support Services$156.6M913%up 26% from 2024
  4. Manufactured Product, Other$81.1M97%down 11% from 2024
  5. Hosted Payload and Other Data Services$61.6M95%up 2% from 2024
  6. Commercial Broadband Services$50.7M94%down 10% from 2024
Products and services by year
Products and services202320242025
Service$584.5M$614.9M$634.0M
Commercial IoT Data Services$141.0M$166.2M$181.4M
Engineering and Support Services$101.1M$124.4M$156.6M
Manufactured Product, Other$105.1M$91.4M$81.1M
Hosted Payload and Other Data Services$60.3M$60.2M$61.6M
Commercial Broadband Services$57.9M$56.1M$50.7M

Regions

United States brought in 55% of the revenue Iridium Communications broke down this way in fiscal 2025.

  1. United States$479.0M955%up 9% from 2024
  2. Rest of the world$308.5M935%up 1% from 2024
  3. Canada$84.1M910%down 5% from 2024
Regions by year
Regions202320242025
United States$431.5M$438.0M$479.0M
Rest of the world$293.5M$304.3M$308.5M
Canada$65.8M$88.4M$84.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development2¢$19.8M
  • Selling, general and admin18¢$157.7M
  • Other costs62¢$537.5M
  • Interest2¢$14.7M
  • Income tax3¢$27.6M
  • Profit13¢$114.4M

Out of $871.7M in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Capital spending25¢$100.3M
  • Dividends paid16¢$62.9M
  • Share buybacks47¢$186.5M
  • Kept or used elsewhere13¢$50.5M

Out of $400.1M of cash from operations.9

Financial statements

Revenue101112139$871.7M in 2025+56% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $560.4M$560.4M20192020: $583.4M$583.4M2020+4%2021: $614.5M$614.5M2021+5%2022: $721.0M$721.0M2022+17%2023: $790.7M$790.7M2023+10%2024: $830.7M$830.7M2024+5%2025: $871.7M$871.7M2025+5%
Operating income101112139$236.0M in 2025+2232% since 2019
0$100.0M$200.0M$300.0M2019: $10.1M$10.1M20192020: $35.5M$35.5M2020+251%2021: $46.3M$46.3M2021+31%2022: $76.7M$76.7M2022+66%2023: $81.6M$81.6M2023+6%2024: $200.4M$200.4M2024+145%2025: $236.0M$236.0M2025+18%
Net income101112139$114.4M in 2025
-$200.0M-$100.0M0$100.0M$200.0M2019: -$162.0M-$162.0M20192020: -$56.1M-$56.1M2020−65%2021: -$9.3M-$9.3M2021−83%2022: $8.7M$8.7M20222023: $15.4M$15.4M2023+77%2024: $112.8M$112.8M2024+632%2025: $114.4M$114.4M2025+1%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Total Revenue$871.7M$830.7M$790.7M
Research and development$19.8M$28.4M$20.3M
Selling, general and administrative$157.7M$168.2M$143.7M
Depreciation and amortization$210.2M$203.1M$320.0M
Total operating expenses$635.7M$630.3M$709.1M
Operating income$236.0M$200.4M$81.6M
Interest expense, net-$88.3M-$91.1M-$90.4M
Other income (expense), net-$2.9M$534.0K$4.0M
Total other expense-$91.2M-$90.6M-$86.4M
Income (loss) before income taxes and equity in net earnings of affiliates$144.8M$109.8M-$4.7M
Income tax (expense) benefit$27.6M$12.3M-$26.3M
(Gain) loss on equity method investments-$2.8M$15.3M-$6.1M
Net Income (Loss) Attributable to Parent, Total$114.4M$112.8M$15.4M
Weighted average shares outstanding - basic107.2M shares118.6M shares125.6M shares
Weighted Average Number of Shares Outstanding, Diluted107.8M shares119.8M shares127.2M shares
Earnings Per Share, Basic and Diluted$1.07$0.95$0.12
Earnings Per Share, Diluted$1.06$0.94$0.12
Foreign currency translation adjustments$3.1M-$3.1M-$58.0K
Loss from Components Excluded from Assessment of Cash Flow Hedge Effectiveness-$20.9M-$12.5M-$17.6M
Comprehensive income (loss)$96.5M$97.1M-$2.2M

Compare Iridium Communications with another company

Corporate structure

Iridium Communications sits at the top of its group. 13 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Iridium Communications

  • Iridium Communications Fairfax, Virginia, United States
    • Iridium Russia Subsidiary · Moscow, Russia
    • Iridium Carrier Holdings LLC Subsidiary · Delaware, United States
    • Iridium Carrier Services LLC Subsidiary · Delaware, United States
    • Iridium Chile SpA Subsidiary · Chile
    • Iridium Constellation LLC Subsidiary · Delaware, United States
    • Iridium Government Services LLC Subsidiary · Delaware, United States
    • Iridium Holdings LLC Subsidiary · Delaware, United States
    • Iridium Satellite LLC Subsidiary · Delaware, United States
    • Iridium Satellite UK Limited Subsidiary · United Kingdom
    • Iridium Serviços de Satélites S.A. Subsidiary · Brazil
    • OOO Iridium Communications Subsidiary · Russia
    • OOO Iridium Services Subsidiary · Russia

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Iridium Communications reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$8.0M9 Dec 31, 2025$8.0M9 Dec 31, 20240%
Buildings and improvements$39.0M9 Dec 31, 2025$39.2M9 Dec 31, 2024−0.3%
Computer equipment and software$401.5M9 Dec 31, 2025$369.1M9 Dec 31, 2024+8.8%
Construction in progress$158.6M9 Dec 31, 2025$99.0M9 Dec 31, 2024+60.2%
Property and equipment, before depreciation$4.0B9 Dec 31, 2025$3.8B9 Dec 31, 2024+4.7%
Accumulated depreciation$2.2B9 Dec 31, 2025$2.0B9 Dec 31, 2024+10.3%
Property and equipment, net$2.0B9 Dec 31, 2025$2.1B9 Dec 31, 2024−4.9%
Operating-lease assets (leased space)$27.1M9 Dec 31, 2025$14.3M9 Dec 31, 2024+90.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$96.5M9 Dec 31, 2025$93.5M9 Dec 31, 2024+3.2%
Stakes in other companies (equity method)$39.8M9 Dec 31, 2025$42.5M9 Dec 31, 2024−6.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$98.9M9 Dec 31, 2025$98.2M9 Dec 31, 2024+0.8%
Intangible assets, net (excluding goodwill)$86.9M9 Dec 31, 2025$90.9M9 Dec 31, 2024−4.3%
Indefinite-lived intangibles (excluding goodwill)$35.2M9 Dec 31, 2025$35.2M9 Dec 31, 20240%
Finite-lived intangibles, gross$74.0M9 Dec 31, 2025$74.0M9 Dec 31, 20240%
Accumulated amortization$22.3M9 Dec 31, 2025$18.4M9 Dec 31, 2024+21.5%
Finite-lived intangibles, net$51.7M9 Dec 31, 2025$55.7M9 Dec 31, 2024−7.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$73.8M9 Dec 31, 2025$81.3M9 Dec 31, 2024−9.3%
Raw materials$22.4M9 Dec 31, 2025$29.6M9 Dec 31, 2024−24.2%
Finished goods$52.4M9 Dec 31, 2025$52.5M9 Dec 31, 2024−0.3%

Properties, in its own words

The following table describes the significant facilities we own or lease:

Location · Country · ApproximateSquare Feet · Facilities · Owned/Leased

The rest of Item 2

McLean, Virginia · USA · 30,600 · Corporate Headquarters (1) · Leased

McLean, Virginia · USA · 55,200 · New Corporate Headquarters · Leased

Chandler, Arizona · USA · 197,000 · Technical Support Center, Distribution Center, Warehouse and Satellite Teleport Network Facility · Leased

Leesburg, Virginia · USA · 40,000 · Satellite Network Operations Center · Owned

Tempe, Arizona · USA · 31,000 · System Gateway and Satellite Teleport Network Facility · Owned Building on Leased Land

Chandler, Arizona · USA · 24,000 · Operations Office Space · Leased

Reston, Virginia · USA · 7,300 · Office Space · Leased

Fairbanks, Alaska · USA · 4,000 · Satellite Teleport Network Facility · Owned

Svalbard · Norway · 1,800 · Satellite Teleport Network Facility · Owned Building on Leased Land

Izhevsk, Udmurtia · Russia · 8,785 · System Gateway and Satellite Teleport Network Facility · Leased

Punta Arenas · Chile · 3,200 · Satellite Teleport Network Facility · Owned Building on Leased Land

(1) Our current corporate headquarters lease ends in April 2026.

Item 2 of the 10-K filed Feb 12, 2026.18

The story

The Iridium communications service was launched on November 1, 1998, formerly known as Iridium SSC. The first Iridium call was made from Vice President of the United States Al Gore to Gilbert M. Grosvenor, the great-grandson of Alexander Graham Bell and chairman of the National Geographic Society. Motorola provided the technology and major financial backing. The logo of the company represents the Big Dipper. The company derives its name from the chemical element iridium, which has an atomic number of 77, equaling the initial number of satellites which were calculated to be required for global coverage. However, due to optimizations of orbit trajectories, technology updates and real-world conditions, only 66 are required for global coverage. A total of 95 first-generation satellites were launched.

On August 13, 1999, nine months after the launch of the organization, the founding company went into Chapter 11 bankruptcy. The handsets could not operate as promoted until the entire constellation of satellites was in place, requiring a massive initial capital cost of billions of dollars. The cost of service dissuaded many potential users. Reception indoors was difficult and the handheld devices, when compared to terrestrial cellular mobile phones, were bulkier and more expensive, both of which discouraged adoption among potential users.

Mismanagement is another major factor that was cited in the original program's failure. In 1999, CNN writer David Rohde detailed how he applied for Iridium service and was sent information kits, but was never contacted by a sales representative. He encountered programming problems on Iridium's website, and a "run-around" from the company's representatives. After Iridium filed bankruptcy, it cited "difficulty gaining subscribers."

The initial commercial failure of Iridium had a damping effect on other proposed commercial satellite constellation projects, including Teledesic. Other schemes (Orbcomm, ICO Global Communications, and Globalstar) followed Iridium into bankruptcy protection, while a number of other proposed schemes were never even constructed.

In August 2000, Motorola announced that the Iridium satellites would have to be deorbited. Despite this, they remained in orbit and operational. In December 2000, the US government stepped in to save Iridium by providing US$72 million in exchange for a two-year contract. They also approved the fire sale of the company from US bankruptcy court for $25 million in March 2001. This erased over $4 billion in debt.

Iridium service was restarted in 2001, by the newly founded Iridium Satellite LLC, which was owned by a group of private investors.

On February 10, 2009, the Iridium 33 satellite collided with a defunct Russian satellite, named Kosmos 2251, 800 kilometres (500 mi) over Siberia. Two large debris clouds were created.

Iridium NEXT launch campaign

Iridium replaced its original constellation by sending 75 new Iridium satellites into space on SpaceX Falcon 9 rockets in a series of 8 launches. The campaign also consisted of upgrades to Iridium ground infrastructure.

Read the full text

The Iridium NEXT launch campaign was announced in 2007. Within three years, Iridium completed financing and began work on launching new satellites. In June 2010, Iridium announced a fixed-price contract with Thales Alenia Space for the design and construction of the next-generation satellites for the upgraded constellation. Two weeks later, Iridium announced a $492 million contract designating the Falcon 9 as a major provider of launch services for the Iridium NEXT campaign, becoming the largest single commercial launch deal ever signed (simultaneously representing a benchmark in cost-effective satellite delivery to space). The total expenditures of approximately $2.9 billion were partially financed with debt: between 2010 and 2017, the debt of Iridium Communications Inc. grew from $37.4 millions to $1,455.6 millions.

On January 14, 2017, 10 years after the campaign was first announced, the first of eight Iridium NEXT launches took place with SpaceX from Vandenberg Air Force Base in California. Over the next two years, Iridium sent an additional 65 satellites into low Earth orbit to completely replace the original satellite constellation. The final Iridium NEXT launch took place on January 11, 2019, less than two years after the first launch.

The Iridium NEXT network initially consisted of 66 operational satellites and nine in-orbit spares. Five additional ground spare satellites were launched on May 20, 2023, increasing the deployed constellation to 80 satellites, including 14 in-orbit spares.

From Wikipedia’s article on Iridium Communications, shared under CC BY-SA 4.0.7

Leadership

Who has led Iridium Communications, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (36)

Products and brands

  • Iridium satellite constellation

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

Subsidiaries (Exhibit 21)

  • Iridium Carrier Holdings LLC Delaware8
  • Iridium Carrier Services LLC Delaware8
  • Iridium Chile SpA Chile8
  • Iridium Constellation LLC Delaware8
  • Iridium Government Services LLC Delaware8
  • Iridium Holdings LLC Delaware8
  • Iridium Satellite LLC Delaware8
  • Iridium Satellite SA LLC Delaware8
  • Iridium Satellite UK Limited United Kingdom8
  • Iridium Serviços de Satélites S.A. Brazil8
  • OOO Iridium Communications Russia8
  • OOO Iridium Services Russia8

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • GHL Acquisition Corp.Nov 30, 2007 to Sep 25, 20096

Timeline

  1. Sep 24, 20268-K Shareholder vote; Other events58
  2. Sep 18, 20268-K Other events59
  3. Sep 15, 20268-K Entered a material agreement60
  4. Aug 10, 20268-K Bylaws or fiscal year changed; Regulation FD disclosure61
  5. Jul 22, 20268-K Results of operations62
  6. Jul 7, 20268-K Entered a material agreement; New debt or obligation; Executive or director change63
  7. Jun 29, 20268-K Entered a material agreement; Regulation FD disclosure64
  8. May 20, 20268-K Executive or director change; Shareholder vote; Regulation FD disclosure65
  9. May 14, 20268-K Entered a material agreement; Regulation FD disclosure66
  10. Apr 23, 20268-K Results of operations67
  11. Mar 5, 20268-K Regulation FD disclosure68
  12. Feb 27, 20268-K Executive or director change69
  13. Dec 3, 2013New chief executive Donald Lee Thoma becomes CEO19
  14. Sep 30, 2009New chief executive Matthew J. Desch becomes CEO20
  15. Sep 24, 2009Went public Listed on NASDAQ1
  16. Feb 14, 2008New chief executive Scott L. Bok becomes CEO21
  17. 2001Founded Founded1

Calendar

Coming up

  1. Oct 22, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.35 a share, on Oct 23, 2025.70

When it reported results

  1. Jul 22, 2026Reported quarterly or annual results62
  2. Apr 23, 2026Reported quarterly or annual results67
  3. Feb 12, 2026Reported quarterly or annual results71
  4. Oct 23, 2025Reported quarterly or annual results72
  5. Jul 24, 2025Reported quarterly or annual results73
  6. Apr 22, 2025Reported quarterly or annual results74
  7. Feb 13, 2025Reported quarterly or annual results75
  8. Oct 17, 2024Reported quarterly or annual results76

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

623 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 64 major events, 439 insider forms, 39 large holders, 61 other. The latest 20:

  1. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  2. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  3. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  4. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  5. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  6. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  7. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  8. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. Oct 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  10. Sep 24, 20268-K EDGAR
  11. Sep 18, 2026425 EDGAR
  12. Sep 18, 20268-K EDGAR
  13. Sep 16, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. Sep 15, 2026144 EDGAR
  15. Sep 15, 2026425 EDGAR
  16. Sep 15, 20268-K EDGAR
  17. Sep 4, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  18. Sep 3, 2026144 EDGAR
  19. Sep 3, 2026425 EDGAR
  20. Sep 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR

The 623 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

73 open-market trades by officers, directors and large owners since October 2021: 3 buys and 70 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Last Timothy JamesEVP, Sales & MarketingSale5,769$46.35$267.4KForm 4
Sep 3, 2026Last Timothy JamesEVP, Sales & MarketingSale2,013$47.36$95.3KForm 4
Aug 18, 2026FITZPATRICK THOMASDirectorSale15,046$49.20$740.3KForm 4
Aug 17, 2026FITZPATRICK THOMASDirectorSale209,233$50.22$10.5MForm 4
Aug 17, 2026Last Timothy JamesEVP, Sales & MarketingSale19,521$50.34$982.8KForm 4
Aug 17, 2026Kapalka TimothyCAO Iridium Satellite LLCSale13,473$50.51$680.5KForm 4
Aug 17, 2026McBride Suzanne E.Chief Operations OfficerSale85,454$50.28$4.3MForm 4
Aug 17, 2026Morgan Kathleen A.Chief Legal OfficerSale33,192$50.35$1.7MForm 4
Aug 17, 2026Olson Eric TDirectorSale8,000$50.61$404.9KForm 4
Apr 6, 2026Kapalka TimothyCAO Iridium Satellite LLCSale2,043$33.00$67.4KForm 4
Apr 2, 2026Kapalka TimothyCAO Iridium Satellite LLCSale3,790$31.00$117.5KForm 4
Oct 31, 2025FITZPATRICK THOMASDirectorSale20,839$18.00$375.1KForm 4
Oct 30, 2025DESCH MATTHEW JChief Executive OfficerBuy20,000$17.33$346.6KForm 4
Oct 28, 2025FITZPATRICK THOMASDirectorSale6,797$18.00$122.3KForm 4
Oct 28, 2025NIEHAUS ROBERT HDirectorBuy30,000$17.49$524.7KForm 4
Oct 27, 2025FITZPATRICK THOMASDirectorSale3,331$18.00$60.0KForm 4
Jun 3, 2025Kapalka TimothyCAO Iridium Satellite LLCSale1,922$26.08$50.1KForm 4
Feb 18, 2025Olson Eric TDirectorSale4,955$34.03$168.6KForm 4
Feb 18, 2025Morgan Kathleen A.Chief Legal OfficerSale15,005$33.58$503.9KForm 4
Jan 10, 2025FITZPATRICK THOMASDirectorSale12,500$28.53$356.6KForm 4

All 73 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Matthew J. DeschChief Executive Officer68$1.0M$9.0M86
2025Suzanne E. McBrideChief Operations Officer57$494.8K$3.9M86
2025Kathleen A. MorganChief Legal Officer and Corporate Secretary58$427.7K$2.2M86
2025Scott T. ScheimreifExecutive Vice President, Government Programs57$412.3K$2.2M86
2025Vincent J. O’NeillChief Financial Officer60$411.6K$2.2M86
2024Matthew J. DeschChief Executive Officer68$1.0M$9.2M86
2024Suzanne E. McBrideChief Operations Officer57$479.9K$3.5M86
2024Scott T. ScheimreifExecutive Vice President, Government Programs57$399.0K$2.2M86
2023Matthew J. DeschChief Executive Officer68$981.0K$9.0M86
2023Suzanne E. McBrideChief Operations Officer57$449.5K$3.4M86
2023Scott T. ScheimreifExecutive Vice President, Government Programs57$375.2K$2.1M86

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.13,447,338$737.6M0.0%−492,280
Aqr Capital Management LLC6,847,072$374.3M0.1%+3,929,245
Vanguard Portfolio Management LLC5,440,399$298.4M0.0%−651,350
American Century Companies Inc4,856,440$266.4M0.1%+1,386,486
State Street Corp4,733,714$259.6M0.0%−316,452
Vanguard Capital Management LLC4,232,161$232.1M0.0%+120,836
Silver Heights Capital Management Inc3,274,947$179.6M55.4%−1,870,532
Gotham Asset Management, LLC2,514,317$137.9M0.3%−839,654
Dimensional Fund Advisors LP2,357,845$129.3M0.0%+198,784
Van Eck Associates Corp2,270,799$124.6M0.1%+766,171
Geode Capital Management, LLC2,044,823$112.2M0.0%+37,812
Morgan Stanley1,517,404$83.2M0.0%−65,933
Charles Schwab Investment Management Inc1,317,782$72.3M0.0%−48,223
ARK Investment Management LLC1,215,113$66.6M0.4%−511,689
Bank of New York Mellon Corp1,144,055$62.8M0.0%−6,395
UBS Group AG1,005,602$55.2M0.0%−278,959
Balyasny Asset Management L.P.967,572$53.1M0.1%+844,017
Invesco Ltd.908,134$49.8M0.0%−79,792
Northern Trust Corp854,112$46.8M0.0%−9,382
Jpmorgan Chase & Co789,191$43.3M0.0%+80,894
Arrowstreet Capital, Limited Partnership754,424$41.4M0.0%−346,807
Goldman Sachs Group Inc726,762$39.9M0.0%−201,626
Vanguard Fiduciary Trust Co657,958$36.1M0.0%+21,103
Schroder Investment Management Group641,884$35.0M0.0%−640,755
Renaissance Technologies LLC609,799$33.4M0.0%+481,699

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Iridium Communications is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARIridium Communications Inc.2
  • CIK0001418819
  • Employer ID (EIN)26-134499818
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)4899 Communications Services, NEC2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address1676 International Drive, Suite 1100, Mclean, VA 221022
  • Phone703-287-74002
  • Shares outstanding105,960,383 as of Jul 15, 202615
  • Public float$2.6B as of Jun 30, 202518
  • AuditorKPMG LLP, McLean, Virginia PCAOB ID 185; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceNov 30, 20072
  • Filings2,185 in all: 4 (1,373), 8-K (256), SC 13G/A (72), 10-Q (56), 3 (44), CT ORDER (32), SC 13G (32), 144 (24)2
    All 53 form types

    DEFA14A (24), 425 (23), CORRESP (22), UPLOAD (21), 10-K (19), DEF 14A (18), SC 13D/A (14), SD (13), SCHEDULE 13G/A (12), 5 (11), SC TO-I/A (9), 4/A (7), ARS (7), EFFECT (6), S-8 (6), SC TO-C (6), 10-K/A (5), 10-Q/A (5), PRER14A (5), S-3 (5), 25-NSE (4), 424B5 (4), SC 13D (4), SC TO-I (4), SCHEDULE 13D/A (4), 3/A (3), 424B3 (3), 8-A12B (3), 8-K/A (3), CERTNAS (3), S-1/A (3), SCHEDULE 13G (3), 8-A12B/A (2), PRE 14A (2), S-3/A (2), SEC STAFF LETTER (2), 25 (1), 424B2 (1), 424B4 (1), CERTAMX (1), DEFM14A (1), FWP (1), PREM14A (1), S-1 (1), S-3MEF (1)

  • Latest filingsAnnual report (10-K) Feb 12, 2026
    Quarterly report (10-Q) Jul 22, 2026
    Proxy statement (DEF 14A) Apr 2, 2026
    Latest 8-K (8-K) Sep 24, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par valueIRDM

From the cover page of the 10-K filed Feb 12, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Iridium Communications names in Item 1A of its 10-K filed Feb 12, 2026: 42 risks under these headings, as written.18

  • Risks related to our satellites and network
  • Our satellites may experience operational problems, which could affect our ability to provide an acceptable level of service to our customers.
  • Our products could fail to perform or could perform at reduced levels of service because of technological malfunctions or deficiencies, regulatory compliance issues, or events outside of our control, which would seriously harm our business and reputation.
  • Our satellites have a limited life and may fail prematurely, which could cause our network to be compromised and materially and adversely affect our business, prospects and profitability, or cause us to incur additional expense to launch replacement satellites.
  • If our ground operations were to be disrupted, we may experience interruptions in our ability to provide service to our customers.
  • Our customized hardware and software may be difficult and expensive to service, upgrade or replace.
  • Ongoing and significant technological changes in the satellite communications industry may impair our competitive position and require us to make significant additional capital expenditures.
  • Cyberattacks and other security threats and disruptions could have a material adverse effect on our business.
  • Our satellites may collide with space debris or another spacecraft, which could adversely affect the performance of our constellation.
  • The space debris created by the February 2009 satellite collision may cause damage to other spacecraft positioned in a similar orbital altitude.
  • Risks related to our business operations
  • Our business plan depends on increased demand for mobile satellite services, among other factors.
The other 32 risks
  • Our agreements with U.S. government customers, particularly the DoW, which represent a significant portion of our revenue, are subject to termination and renewal.
  • If we fail to comply with the terms of our U.S. government contracts, including applicable federal acquisition regulations and executive orders, we may be subject to contract price adjustments, contract terminations, civil or criminal penalties, or suspension or debarment from future U.S. government contracts.
  • Aireon, our primary hosted payload customer, may not successfully grow its business, which could reduce or eliminate the value of our agreements with, and ownership interest in, Aireon.
  • Our ability to protect our proprietary technology is subject to limitations.
  • We depend on intellectual property licensed from third parties to operate our constellation and sell our devices and for the enhancement of our existing devices and services.
  • Our failure to effectively manage the expansion of our portfolio of products and services could impede our ability to execute our business plan, and we may experience increased costs or disruption in our operations.
  • We could lose market share and revenue as a result of increasing competition from companies in the wireless communications industry, including cellular and other satellite operators, and from the extension of land-based communications services.
  • We depend on third parties to market and sell our products and services, and their inability to do so effectively could impair our revenue and our reputation.
  • We rely on a limited number of key vendors for supply of equipment, components and services and the loss of any such supplier, shortages experienced by such suppliers, or changes in trade policy such as tariffs, could cause us to incur additional costs and delays in the production and delivery of our products, which could reduce the sales of those products and use of the related services.
  • Our Russian operations have been and may continue to be affected by Russia’s invasion of Ukraine and related sanctions imposed in response, and we may in the future choose or be required to further limit or shut down those operations entirely.
  • Conducting and expanding our operations outside the United States creates numerous risks, which may harm our operations and compromise our ability to expand our international operations.
  • Pursuing strategic transactions may cause us to incur additional risks.
  • Spectrum values historically have been volatile, which could cause the value of our business to fluctuate.
  • We may be negatively affected by global economic conditions.
  • Our ability to operate our company effectively could be impaired if we lose members of our senior management team or key technical personnel.
  • Risks related to our capital structure and ownership of our common stock
  • We have a considerable amount of debt, which may limit our ability to fulfill our obligations and/or to obtain additional financing.
  • Our Term Loan and the credit agreement governing our Term Loan may limit our financial and operating flexibility.
  • Our Board of Directors may reduce, suspend or terminate our planned dividends.
  • Adverse changes in our credit ratings or withdrawal of the ratings assigned to our debt securities by rating agencies may negatively affect us.
  • The market price of our common stock may be volatile and the value of our common stock may decline.
  • Risks related to legal and regulatory matters
  • Interference with our satellite spectrum, including by operators seeking to repurpose L-band for terrestrial services, could adversely impact our ability to provide our services.
  • If the FCC revokes, modifies or fails to renew our licenses, or fails to grant a new license or modification, our ability to operate will be harmed or eliminated.
  • As we and our distributors expand our offerings, including more consumer-oriented devices, we are more likely to be subject to product liability claims, recalls or litigation, which could adversely affect our business and financial performance.
  • The collection, storage, transmission, use and disclosure of user data and personal information could give rise to liabilities or additional costs as a result of laws, governmental regulations, and evolving views of personal privacy rights and information security standards.
  • We have been and may in the future become subject to claims that our devices or services violate the patent or other intellectual property rights of others, which could be costly and disruptive to us.
  • We may be unable to offer one or more services in important regions of the world due to regulatory requirements, which could limit our growth.
  • Export control, sanctions, security and emergency services regulations in the United States and other countries may affect our ability to operate our system and to expand into new markets.
  • We may be unable to obtain and maintain contractually required liability insurance, and the insurance we obtain may not cover all liabilities to which we may become subject.
  • Wireless devices’ radio frequency emissions are the subject of regulation and litigation concerning their environmental effects, which includes alleged health and safety risks. As a result, we may be subject to new regulations and we could face liability based on alleged health risks.
  • Our ability to use our net operating loss carryforwards to offset future taxable income may be subject to certain limitations.
  • We could be subject to adverse determinations by taxing authorities.
  • Changes in tax laws could increase our worldwide tax rate and materially affect our financial position and results of operations.

Legal proceedings

Neither we nor any of our subsidiaries are currently subject to any material legal proceeding, nor, to our knowledge, is any material legal proceeding threatened against us or any of our subsidiaries.

The opening of Item 3, Legal Proceedings.18

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