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Iridium Communications cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$68.5M in Q3 2026 · $278M over twelve months

Operating cash flow$95.9M
Capital spending−$27.4M
Free cash flow+$68.5M
Cash / net income0.9×

Analysis

In Q3 2026, Iridium Communications generated $95.9M of operating cash flow and spent $27.4M on capital projects, leaving free cash flow of $68.5M. That is $10.8M less than in Q3 2025 ($79.2M).

Over the twelve months to Sep 30, 2026, operating cash flow was $390M; the largest uses were other investing ($180M), capital spending ($113M), dividends ($65.0M); besides operations, cash came from shares issued ($832K), buybacks ($30K); the cash balance rose by $9.3M.

Operating cash flow was $95.9M against net income of $107M — 0.9× profit, less cash than reported earnings, worth checking against working capital. The largest differences: depreciation & amortization +$62.1M, stock-based pay +$20.2M, receivables +$9.8M.

Free cash flow

Iridium Communications: free cash flow by quarterIridium Communications: free cash flow by quarter$80.5MQ4 2024$36.5MQ1 2025$109MQ2 2025$79.2MQ3 2025$75.1MQ4 2025$41.7MQ1 2026$92.3MQ2 2026$68.5MQ3 2026
Operating cash flow less capital spending.
Iridium Communications: operating cash flow against capital spendingIridium Communications: operating cash flow against capital spendingOperating cash flowCapital spending$105M$24.3MQ4 2024$61.1M$24.5MQ1 2025$130M$20.7MQ2 2025$101M$21.5MQ3 2025$109M$33.5MQ4 2025$71.6M$30.0MQ1 2026$114M$21.8MQ2 2026$95.9M$27.4MQ3 2026
Latest (Q3 2026): Operating cash flow $95.9M, Capital spending $27.4M.

Capital allocation, year by year

Iridium Communications: where the cash came from (up) and went (down), by fiscal yearIridium Communications: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksDividendsFY2021: Operating cash flow $303MFY2021: Net borrowing −$16.5MFY2021: Shares issued $7.4MFY2021: Capital spending −$42.1MFY2021: Buybacks −$163M$310MFY2021FY2022: Operating cash flow $345MFY2022: Net borrowing −$116MFY2022: Shares issued $3.9MFY2022: Capital spending −$71.3MFY2022: Buybacks −$257M$349MFY2022FY2023: Operating cash flow $315MFY2023: Net borrowing −$8.4MFY2023: Shares issued $4.0MFY2023: Capital spending −$73.5MFY2023: Buybacks −$247MFY2023: Dividends −$64.8M$319MFY2023FY2024: Operating cash flow $376MFY2024: Net borrowing $306MFY2024: Shares issued $3.4MFY2024: Capital spending −$69.9MFY2024: Buybacks −$408MFY2024: Dividends −$64.7M$685MFY2024FY2025: Operating cash flow $400MFY2025: Net borrowing −$33.0MFY2025: Shares issued $1.1MFY2025: Capital spending −$100MFY2025: Buybacks −$186MFY2025: Dividends −$62.9M$401MFY2025
Over these 5 years operating cash flow totalled $1.7B; the largest uses were buybacks ($1.3B) and capital spending ($357M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$97.9M
Debt$1.8B
Net debt$1.7B
Due within a year$3.4M

Iridium Communications funds itself: free cash flow was $278M over the last twelve months, and $97.9M of cash and investments stands against $1.8B of debt ($3.4M due within a year, 28.8× covered by cash).

Iridium Communications: debt maturities by year (FY2025)Iridium Communications: debt maturities by year (FY2025)$3.4MYear 1$18.3MYear 2$18.3MYear 3$18.3MYear 4$1.7BYear 5
Principal due in each year as disclosed in the annual report, against $97.9M of cash and investments now.

Where the cash came from and went

Iridium Communications: sources (+) and uses (−) of cash, Q3 2026Iridium Communications: sources (+) and uses (−) of cash, Q3 2026Acquisitions−$183MNet borrowing (+) / repaid (−)$96.7MOperating cash flow$95.9MCash drawn (+) / kept (−)$86.4MOther financing−$50.0MCapital spending−$27.4MDividends−$16.2MTaxes on employees’ shares−$4.1MOther investing$3.6MExchange rates−$1.7MShares issued$231K
Iridium Communications: sources (+) and uses (−) of cash, TTM to Q3 2026Iridium Communications: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$390MOther investing−$180MCapital spending−$113MDividends−$65.0MTaxes on employees’ shares−$20.4MCash drawn (+) / kept (−)−$9.3MNet borrowing (+) / repaid (−)−$3.3MShares issued$832KExchange rates−$669KBuybacks$30K

From profit to cash

Iridium Communications: net income to operating cash flow, Q3 2026Iridium Communications: net income to operating cash flow, Q3 2026Net income$107MDepreciation & amortization$62.1MStock-based pay$20.2MDeferred taxes$1.4MReceivables$9.8MInventory$982KPayables−$3.3MAccrued liabilities−$6.4MDeferred revenue$1.4MPrepaid and other assets$33KOperating cash flow$95.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$95.9M−$27.4M−$183M—−$16.2M$96.7M$231K$86.4M$68.5M
Q2 2026$114M−$21.8M——−$16.2M—$474K−$72.6M$92.3M
Q1 2026$71.6M−$30.0M——−$16.5M—$67K−$15.1M$41.7M
Q4 2025$109M−$33.5M—$30K−$16.0M—$60K−$8.0M$75.1M
Q3 2025$101M−$21.5M—−$50.4M−$46.9M—$224K−$9.2M$79.2M
Q2 2025$130M−$20.7M—−$65.6M−$30.8M$1.5M$69K−$28.4M$109M
Q1 2025$61.1M−$24.5M—−$70.5M−$15.7M$15.4M$773K$42.6M$36.5M
Q4 2024$105M−$24.3M—−$123M−$15.6M−$4.6M$569K$66.1M$80.5M

Iridium Communications: income statement and cash flow

Iridium Communications, Q3 2026: revenue $246M (+8% year over year), operating margin 12.9%. The chart follows the revenue to costs, profit and cash.

Iridium Communications: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.