Filing Flows › Iridium Communications (IRDM) › Q1 2025
Iridium Communications (IRDM) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 22, 2025
Iridium Communications (IRDM) reported revenue of $215M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +0.9% from the quarter before. Operating margin was 28.1%, net earnings $30.4M (14.2% of revenue).
Iridium Communications, Q1 2025: revenue $215M (+5% year over year), operating margin 28.1%, net earnings $30.4M, operating cash flow $61.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $215M | +0.9% | +5% |
| Operating profit | $60.4M | +16% | +21% |
| Net earnings | $30.4M | -16% | +55% |
| Operating cash flow | $61.1M | -42% | -14% |
| Free cash flow | $36.5M | -55% | -36% |
What changed
Revenue was $214.9M in Q1 2025, up 5% year over year and up 1% from the previous quarter. Services was the largest line at 72% of revenue. Engineering and support services added $7.1M year over year (up 23%), 64% of the total change. Subscriber equipment declined 7%.
Operating profit was $60.4M, a 28.1% margin (up 3.7 points year over year). Of the extra revenue versus a year earlier, 96% reached operating profit, above the 24% margin then. Total costs grew 0% against revenue growth of 5%. Net earnings were $30.4M, up 55% year over year. The effective tax rate was 16.1%.
Operating cash flow was $61.1M (down 14% year over year), 201% of net earnings. Non-cash charges added back $51.7M of depreciation and amortization and $11.7M of share-based compensation. Working capital and other items used $32.7M. Capital expenditures of $24.5M left free cash flow of $36.5M.
Questions
What was Iridium Communications' revenue in the first quarter 2025?
Iridium Communications (IRDM) reported revenue of $215M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +0.9% from the quarter before.
Was Iridium Communications profitable in the first quarter 2025?
Operating profit was $60.4M (28.1% of revenue) and net earnings $30.4M.