Filing Flows › Iridium Communications (IRDM) › How it makes money
How Iridium Communications (IRDM) makes money
Iridium Communications (IRDM) made $246M of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Services brought in $187M (76%); Engineering and support services brought in $39.2M (16%); Subscriber equipment brought in $19.0M (8%). Of every dollar of revenue, 13¢ was left as operating profit, 44¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Services | $187M | 76.3% | +16% | +13% |
| Engineering and support services | $39.2M | 15.9% | -9% | -2% |
| Subscriber equipment | $19.0M | 7.8% | -8% | -11% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $246M | 100.0% |
| Operating profit | $31.6M | 12.9% |
| Income tax | $2.2M | 0.9% |
| Net earnings | $107M | 43.5% |
| Operating cash flow | $95.9M | 39.0% |
| Free cash flow | $68.5M | 27.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $246M | +8% |
| Q2 2026 | $225M | +4% |
| Q1 2026 | $219M | +2% |
| Q4 2025 | $213M | 0% |
| Q3 2025 | $227M | +7% |
| Q2 2025 | $217M | +8% |
| Q1 2025 | $215M | +5% |
From Iridium Communications' 10-Q filed Oct 20, 2026 (on EDGAR).
Questions
How does Iridium Communications make money?
Iridium Communications (IRDM) made $246M of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Services brought in $187M (76%); Engineering and support services brought in $39.2M (16%); Subscriber equipment brought in $19.0M (8%). Of every dollar of revenue, 13¢ was left as operating profit, 44¢ was left as net earnings.
What is Iridium Communications' biggest business?
Services: $187M in the third quarter 2026, 76% of revenue, +13% from a year earlier.
What is Iridium Communications' profit margin?
Net earnings were $107M, 43.5% of revenue, in the third quarter 2026; the operating margin was 12.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.