Iridium Communications Inc. (IRDM) Form 8-K — Jul 22, 2026
Iridium Communications reported second quarter 2026 revenue of $225.2 million, up 4% year-over-year, driven by growth in commercial IoT and government services. However, net income fell to $9.7 million, or $0.09 per share, down from $22.0 million in the prior year, primarily due to increased transaction costs associated with strategic initiatives and the pending acquisition by Rocket Lab. The company announced the closing of its acquisition of Aireon LLC for approximately $366.7 million, which is expected to add at least $100 million in annual service revenue and $30 million in OEBITDA.
Key figures
- Eps
- 0.09
- Revenue
- 225200000
- Net Income
- 9700000
- Total Debt
- 1774721000
- Cash Position
- 184200000
- OEBITDA
- 119100000
- OEBITDA Yo Y
- -2%
- Revenue Yo Y
- 4%
- Net Leverage
- 3.3x
- Aireon Deal Value
- 366700000
- Dividend Per Share
- 0.15
- Subscriber Yo Y Growth
- 6%
- Commercial Service Revenue
- 133700000
- Government Service Revenue
- 27600000
- Total Billable Subscribers
- 2627000
Price after filing
Close on the filing date to close N calendar days later (from $46.41). Historical, not a forecast.
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