Filing Flows › Iridium Communications (IRDM) › Q3 2026 › vs Q3 2025
Iridium Communications (IRDM) Q3 2026 vs Q3 2025 (year over year)
Iridium Communications's revenue rose $18.8M (+8%) from $227M in Q3 2025 to $246M in Q3 2026. The biggest changes: Services +$22.3M (+13%); Subscriber equipment −$2.5M (-11%); Engineering and support services −$995K (-2%). Operating margin 12.9% against 30.9% (-18.0 pts).
Iridium Communications, Q3 2026: revenue $246M (+8% year over year), operating margin 12.9%, net earnings $107M, operating cash flow $95.9M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 12.9% | 30.9% | -18.0 pts |
| Net margin | 43.5% | 16.4% | +27.1 pts |
| Free cash flow margin | 27.9% | 34.9% | -7.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Services | $187M | $165M | $22.3M | +13% |
| Engineering and support services | $39.2M | $40.2M | −$995K | -2% |
| Subscriber equipment | $19.0M | $21.5M | −$2.5M | -11% |
| Revenue | $246M | $227M | $18.8M | +8% |
| Other income, net | $77.5M | −$23.0M | $100M | — |
| Operating profit | $31.6M | $70.1M | −$38.5M | -55% |
| Costs & expenses | $214M | $157M | $57.3M | +37% |
| Pre-tax earnings | $109M | $47.1M | $62.0M | +131% |
| Research & development | $4.8M | $4.9M | −$134K | -3% |
| SG&A | $74.9M | $35.5M | $39.4M | +111% |
| Other operating costs | $134M | $116M | $18.0M | +15% |
| Net earnings | $107M | $37.1M | $69.8M | +188% |
| Income tax | $2.2M | $10.0M | −$7.8M | -78% |
| Depreciation & amortization | $62.1M | $53.0M | $9.1M | +17% |
| Share-based compensation | $20.2M | $13.2M | $7.1M | +54% |
| Working capital & other | $93.3M | $2.5M | $90.8M | 38× |
| Operating cash flow | $95.9M | $101M | −$4.8M | -5% |
| Free cash flow (OCF − capex) | $68.5M | $79.2M | −$10.8M | -14% |
| Capital expenditures | $27.4M | $21.5M | $5.9M | +27% |
Questions
How much did Iridium Communications's revenue grow year over year in Q3 2026?
Iridium Communications's revenue rose $18.8M (+8%) from $227M in Q3 2025 to $246M in Q3 2026.
What drove Iridium Communications's revenue change in Q3 2026?
Services +$22.3M (+13%); Subscriber equipment −$2.5M (-11%); Engineering and support services −$995K (-2%).