Filing Flows

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).

Revenue$213M
Year over year0%
Quarter over quarter-6%
Operating margin25.9%
Net earnings$24.9M

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 2025AmountQ/QY/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.

Open the interactive Sankey →

Source: Iridium Communications 10-K on SEC EDGAR.