Filing Flows › Iridium Communications (IRDM) › Q2 2025
Iridium Communications (IRDM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Iridium Communications (IRDM) reported revenue of $217M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +0.9% from the quarter before. Operating margin was 23.2%, net earnings $22.0M (10.1% of revenue).
Iridium Communications, Q2 2025: revenue $217M (+8% year over year), operating margin 23.2%, net earnings $22.0M, operating cash flow $130M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $217M | +0.9% | +8% |
| Operating profit | $50.3M | -17% | +15% |
| Net earnings | $22.0M | -28% | -32% |
| Operating cash flow | $130M | +112% | +60% |
| Free cash flow | $109M | +198% | +59% |
What changed
Revenue was $216.9M in Q2 2025, up 8% year over year and up 1% from the previous quarter. Services was the largest line at 72% of revenue. Engineering and support services added $16.1M year over year (up 62%), 101% of the total change. Subscriber equipment declined 15%.
Operating profit was $50.3M, a 23.2% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, above the 22% margin then. Total costs grew 6% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $22.0M, down 32% year over year. The effective tax rate was 14.8%.
Operating cash flow was $129.6M (up 60% year over year), 590% of net earnings. Non-cash charges added back $52.8M of depreciation and amortization and $19.1M of share-based compensation. Working capital and other items added $35.7M. Capital expenditures of $20.7M left free cash flow of $108.9M.
Questions
What was Iridium Communications' revenue in the second quarter 2025?
Iridium Communications (IRDM) reported revenue of $217M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +0.9% from the quarter before.
Was Iridium Communications profitable in the second quarter 2025?
Operating profit was $50.3M (23.2% of revenue) and net earnings $22.0M.