Filing Flows › Iridium Communications (IRDM) › Q3 2025
Iridium Communications (IRDM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 23, 2025
Iridium Communications (IRDM) reported revenue of $227M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +5% from the quarter before. Operating margin was 30.9%, net earnings $37.1M (16.4% of revenue).
Iridium Communications, Q3 2025: revenue $227M (+7% year over year), operating margin 30.9%, net earnings $37.1M, operating cash flow $101M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $227M | +5% | +7% |
| Operating profit | $70.1M | +39% | +28% |
| Net earnings | $37.1M | +69% | +52% |
| Operating cash flow | $101M | -22% | -15% |
| Free cash flow | $79.2M | -27% | -21% |
What changed
Revenue was $226.9M in Q3 2025, up 7% year over year and up 5% from the previous quarter. Services was the largest line at 73% of revenue. Engineering and support services added $9.4M year over year (up 31%), 67% of the total change. Subscriber equipment declined 3%.
Operating profit was $70.1M, a 30.9% margin (up 5.1 points year over year). Of the extra revenue versus a year earlier, 108% reached operating profit, above the 26% margin then. Total costs fell 1% while revenue rose 7%. Net earnings were $37.1M, up 52% year over year. The effective tax rate was 21.2%.
Operating cash flow was $100.8M (down 15% year over year), 271% of net earnings. Non-cash charges added back $53.0M of depreciation and amortization and $13.2M of share-based compensation. Capital expenditures of $21.5M left free cash flow of $79.2M.
Questions
What was Iridium Communications' revenue in the third quarter 2025?
Iridium Communications (IRDM) reported revenue of $227M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +5% from the quarter before.
Was Iridium Communications profitable in the third quarter 2025?
Operating profit was $70.1M (30.9% of revenue) and net earnings $37.1M.