Iridium Communications Inc. (IRDM) Form 8-K — Oct 20, 2026
Iridium reported Q3 2026 revenue of $245.7 million, up 8% year-over-year, with net income of $106.9 million ($0.98 per diluted share) — but the jump was driven by a one-time $103.9 million gain from the Aireon acquisition, while OEBITDA slipped 1% to $135.6 million. Stockholders approved Rocket Lab's acquisition of Iridium on September 24, 2026, with 99.6% of votes cast in favor, and the deal is expected to close by mid-2027 pending regulatory approvals.
Key figures
- Eps
- 0.98
- Revenue
- 245733000
- Net Income
- 106896000
- Total Debt
- 2159458000
- Revenue Yoy
- 8%
- Cash Position
- 97853000
- Capex
- 27447000
- Aireon gain
- 103868000
- Net leverage
- 4.2x TTM OEBITDA
- Oebitda q3 2025
- 136587000
- Oebitda q3 2026
- 135621000
- Dividend per share
- 0.15
- Dividend increase to
- 0.16
- Subscriber growth yoy
- 6%
- Total billable subscribers
- 2696000
- Full year dividend increase
- 5.2%
AI analysis
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