Filing Flows › Iridium Communications (IRDM) › Q4 2025
Iridium Communications (IRDM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
Iridium Communications (IRDM) reported revenue of $213M for the fourth quarter 2025 (Q4 2025), 0% from a year earlier and -6% from the quarter before. Operating margin was 25.9%, net earnings $24.9M (11.7% of revenue).
Iridium Communications, Q4 2025: revenue $213M (0% year over year), operating margin 25.9%, net earnings $24.9M, operating cash flow $109M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $213M | -6% | 0% |
| Operating profit | $55.2M | -21% | +6% |
| Net earnings | $24.9M | -33% | -32% |
| Operating cash flow | $109M | +8% | +4% |
| Free cash flow | $75.1M | -5% | -7% |
What changed
Revenue was $212.9M in Q4 2025, roughly flat year over year and down 6% from the previous quarter.
Operating profit was $55.2M, a 25.9% margin (up 1.5 points year over year). Total costs fell 2% while revenue was flat. Net earnings were $24.9M, down 32% year over year. The effective tax rate was 24.3%.
Operating cash flow was $108.6M (up 4% year over year), 437% of net earnings. Non-cash charges added back $52.7M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items added $23.4M. Capital expenditures of $33.5M left free cash flow of $75.1M.
Questions
What was Iridium Communications' revenue in the fourth quarter 2025?
Iridium Communications (IRDM) reported revenue of $213M for the fourth quarter 2025 (Q4 2025), 0% from a year earlier and -6% from the quarter before.
Was Iridium Communications profitable in the fourth quarter 2025?
Operating profit was $55.2M (25.9% of revenue) and net earnings $24.9M.