Iridium Communications (IRDM) Financials

$25.68 -0.55 (-2.10%)

Closing price 05/28/2025 04:00 PM Eastern

Extended Trading

$25.99 +0.31 (+1.21%)

As of 07:04 AM Eastern

Annual Income Statements for Iridium Communications

This table shows Iridium Communications' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	113	15	8.72	-9.32	-56	-166	-24	218	96	-8.31
Consolidated Net Income / (Loss)	113	15	8.72	-9.32	-56	-162	-13	234	111	7.12
Net Income / (Loss) Continuing Operations	113	15	8.72	-9.32	-56	-380	-13	234	111	7.12
Total Pre-Tax Income	110	-4.75	11	-29	-89	-218	-21	120	178	73
Total Operating Income	200	82	77	46	35	10	42	115	176	74
Total Gross Profit	600	566	520	464	441	976	466	404	389	371
Total Revenue	831	791	721	615	583	1,121	523	448	434	411
Operating Revenue	831	791	721	615	583	1,121	523	448	434	411
Total Cost of Revenue	231	225	201	150	143	145	57	44	44	41
Operating Cost of Revenue	231	225	201	150	143	145	57	44	44	41
Total Operating Expenses	400	484	443	418	405	956	424	288	213	297
Selling, General & Admin Expense	168	144	124	100	90	93	98	84	83	81
Research & Development Expense	28	20	16	12	12	14	22	15	16	16
Depreciation Expense	203	320	303	305	303	298	218	122	49	52
Total Other Income / (Expense), net	-91	-86	-66	-75	-124	-456	-62	4.10	1.79	-0.69
Interest Expense	91	90	66	75	124	227	55	-4.33	-2.93	-3.07
Other Income / (Expense), net	0.53	4.01	0.11	-0.42	0.03	-229	-7.15	-0.23	-1.14	-3.76
Income Tax Expense	12	-26	0.29	-20	-33	-56	-7.27	-114	67	66
Other Gains / (Losses), net	15	-6.09	-1.50	0.00	0.00	-	-	-	-	-
Basic Earnings per Share	$0.95	$0.12	$0.07	($0.07)	($0.42)	($1.33)	($0.22)	$2.23	$1.00	($0.09)
Weighted Average Basic Shares Outstanding	118.57M	125.60M	128.26M	133.53M	133.49M	125.17M	108.98M	97.93M	95.97M	95.10M
Diluted Earnings per Share	$0.94	$0.12	$0.07	-	-	$0.00	$0.00	$1.82	$0.89	($0.09)
Weighted Average Diluted Shares Outstanding	119.79M	127.22M	130.13M	133.53M	133.49M	0.00	0.00	128.13M	124.88M	95.10M
Weighted Average Basic & Diluted Shares Outstanding	108.84M	122.45M	125.97M	128.37M	134.28M	131.73M	107M	97.90M	95.60M	92.40M
Cash Dividends to Common per Share	$0.55	$0.13	-	-	-	$4,194,000.00	-	-	-	-

This table shows Iridium Communications' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	30	36	24	32	20	38	-1.64	-31	9.78	-0.81	2.15
Consolidated Net Income / (Loss)	30	36	24	32	20	38	-1.64	-31	9.78	-0.81	2.15
Net Income / (Loss) Continuing Operations	30	36	24	32	20	38	-1.64	-31	9.78	-0.81	2.15
Total Pre-Tax Income	37	31	31	19	29	30	-6.16	-34	5.48	-0.03	0.10
Total Operating Income	60	52	55	44	50	46	28	-16	23	19	18
Total Gross Profit	153	153	156	148	144	139	143	142	142	137	131
Total Revenue	215	213	213	201	204	195	198	193	205	194	184
Operating Revenue	215	213	213	201	204	195	198	193	205	194	184
Total Cost of Revenue	62	60	57	53	60	56	54	52	64	57	53
Operating Cost of Revenue	62	60	57	53	60	56	54	52	64	57	53
Total Operating Expenses	93	101	101	104	94	93	115	158	118	118	113
Selling, General & Admin Expense	36	41	44	47	37	34	33	37	39	37	32
Research & Development Expense	5.42	8.52	6.19	6.51	7.20	5.73	5.04	5.63	3.88	5.75	4.87
Depreciation Expense	52	51	51	51	50	53	77	115	76	76	76
Total Other Income / (Expense), net	-24	-22	-24	-24	-21	-16	-34	-18	-18	-19	-18
Interest Expense	22	22	24	24	21	19	35	19	18	19	18
Other Income / (Expense), net	-1.69	0.83	0.31	-0.65	0.04	3.03	0.34	0.42	0.22	0.48	-0.15
Income Tax Expense	5.82	-6.24	6.01	4.57	7.93	-9.58	-6.01	-5.21	-5.45	-0.72	-2.05
Other Gains / (Losses), net	-0.65	-0.41	-0.47	18	-1.57	-1.77	-1.49	-1.68	-1.16	-1.50	0.00
Basic Earnings per Share	$0.28	$0.31	$0.21	$0.27	$0.16	$0.29	($0.01)	($0.24)	$0.08	($0.01)	$0.02
Weighted Average Basic Shares Outstanding	109.76M	118.57M	117.45M	120.61M	123.15M	125.60M	125.18M	126.24M	127.06M	128.26M	127.70M
Diluted Earnings per Share	$0.27	$0.30	$0.21	$0.27	$0.16	$0.29	($0.01)	($0.24)	$0.08	-	$0.02
Weighted Average Diluted Shares Outstanding	110.67M	119.79M	118.11M	121.24M	123.99M	127.22M	125.18M	126.24M	128.74M	130.13M	129.08M
Weighted Average Basic & Diluted Shares Outstanding	108.16M	108.84M	113.85M	236.77M	242.86M	122.45M	247.70M	250.10M	251.85M	125.97M	251.29M
Cash Dividends to Common per Share	$0.14	-	$0.14	$0.14	$0.13	-	$0.13	$0.13	$0.13	-	-

This table details how cash moves in and out of Iridium Communications' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	22	-97	-152	84	14	-242	197	-96	208	-21
Net Cash From Operating Activities	376	315	345	303	250	198	264	260	225	217
Net Cash From Continuing Operating Activities	379	322	349	303	250	198	264	260	225	217
Net Income / (Loss) Continuing Operations	113	15	8.72	-9.32	-56	-162	-13	234	111	7.12
Consolidated Net Income / (Loss)	113	15	8.72	-9.32	-56	-162	-13	234	111	7.12
Depreciation Expense	203	320	303	305	303	298	218	122	49	52
Amortization Expense	2.52	3.74	4.60	4.20	3.66	19	10	0.00	0.89	2.03
Non-Cash Adjustments To Reconcile Net Income	48	70	51	28	47	127	22	31	15	97
Changes in Operating Assets and Liabilities, net	13	-88	-18	-25	-48	-83	27	-85	49	75
Net Cash From Investing Activities	-181	-83	-121	-36	-46	-128	-379	-373	-242	-439
Net Cash From Continuing Investing Activities	-181	-91	-127	-36	-46	-128	-379	-373	-242	-439
Purchase of Property, Plant & Equipment	-70	-81	-77	-42	-39	-118	-391	-400	-406	-495
Acquisitions	0.00	-10	-50	0.00	-0.15	-	-	-	-	-
Purchase of Investments	-111	0.00	0.00	-1.64	-7.63	-10	-236	-7.01	-20	-205
Sale and/or Maturity of Investments	0.00	0.00	0.00	7.40	0.00	0.00	248	34	183	260
Net Cash From Financing Activities	-170	-327	-375	-182	-188	-313	194	17	224	202
Net Cash From Continuing Financing Activities	-170	-327	-375	-182	-188	-313	313	17	224	202
Repayment of Debt	-0.35	-1.16	0.00	-200	-398	-1,764	-162	-3.85	-12	-15
Repurchase of Common Equity	-408	-247	-257	-163	0.00	0.00	-	-	-	-
Payment of Dividends	-65	-65	0.00	0.00	-	-8.39	-15	-3.86	-15	-15
Issuance of Debt	306	-8.38	-117	179	202	1,450	360	22	251	230
Other Financing Activities, net	-3.26	-5.72	-1.42	1.53	8.20	8.88	10	2.37	-0.08	2.07
Effect of Exchange Rate Changes	-3.22	-	-	-0.29	-1.49	1.23	-1.27	0.14	0.51	-0.76
Cash Interest Paid	95	92	64	72	99	119	36	0.00	23	19
Cash Income Taxes Paid	5.25	4.23	2.22	1.78	-0.66	-0.61	0.93	1.66	1.39	3.43

This table details how cash moves in and out of Iridium Communications' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-45	-67	197	-210	102	3.99	-36	-23	-42	-50	-5.93
Net Cash From Operating Activities	61	105	119	81	71	88	71	87	69	90	89
Net Cash From Continuing Operating Activities	61	108	119	81	71	89	73	91	69	92	92
Net Income / (Loss) Continuing Operations	30	36	24	32	20	38	-1.64	-31	9.78	-0.81	2.15
Consolidated Net Income / (Loss)	30	36	24	32	20	38	-1.64	-31	9.78	-0.81	2.15
Depreciation Expense	52	51	51	51	50	53	77	115	76	76	76
Amortization Expense	0.67	0.70	0.62	0.61	0.60	0.60	1.04	1.06	1.05	1.11	1.17
Non-Cash Adjustments To Reconcile Net Income	12	13	18	1.65	16	15	19	22	14	16	17
Changes in Operating Assets and Liabilities, net	-34	6.96	24	-4.25	-14	-17	-23	-16	-32	-0.57	-4.52
Net Cash From Investing Activities	-25	-24	-19	-123	-15	-16	-12	-22	-33	-27	-14
Net Cash From Continuing Investing Activities	-25	-24	-19	-123	-15	-18	-13	-26	-33	-28	-18
Purchase of Property, Plant & Equipment	-25	-24	-19	-12	-15	-18	-13	-26	-23	-28	-18
Net Cash From Financing Activities	-81	-144	-3.31	-68	46	-69	-93	-87	-78	-111	-83
Net Cash From Continuing Financing Activities	-81	-144	97	-168	46	-69	-93	-87	-78	-111	-83
Repayment of Debt	-4.57	160	-4.73	-151	-4.12	0.00	-1.16	4.13	-4.13	-	8.25
Repurchase of Common Equity	-70	-123	-130	-98	-57	-52	-75	-67	-53	-7.67	-80
Payment of Dividends	-16	-16	-16	-17	-16	-16	-16	-16	-16	-	-
Issuance of Debt	20	-164	248	97	125	-	-0.13	-8.25	0.00	-104	-
Other Financing Activities, net	-10	-1.00	-0.44	0.09	-1.91	-0.83	-0.66	0.05	-4.29	0.60	1.33
Cash Interest Paid	22	22	29	24	21	19	34	19	19	19	18
Cash Income Taxes Paid	2.40	1.68	0.68	1.54	1.35	1.37	0.96	0.99	0.90	0.89	0.39

This table presents Iridium Communications' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	2,671	2,662	2,954	3,181	3,361	3,624	4,014	3,782	3,500	3,071
Total Current Assets	293	271	306	424	348	343	390	411	517	482
Cash & Equivalents	94	72	169	321	237	224	273	286	371	186
Accounts Receivable	99	92	82	63	61	69	71	68	57	52
Inventories, net	81	91	40	29	32	40	28	20	18	28
Prepaid Expenses	19	16	15	11	9.46	11	18	25	31	13
Plant, Property, & Equipment, net	2,081	2,196	2,433	2,662	2,917	3,181	3,371	3,210	2,813	2,444
Total Noncurrent Assets	298	195	215	94	96	100	253	161	170	146
Long-Term Investments	43	67	50	0.00	-	-	-	-	-	-
Goodwill	98	0.00	-	-	-	-	-	-	-	-
Intangible Assets	91	41	43	44	46	47	49	50	46	47
Other Noncurrent Operating Assets	67	87	122	50	51	53	204	111	124	8.19
Total Liabilities & Shareholders' Equity	2,671	2,662	2,954	3,181	3,361	3,624	4,014	3,782	3,500	3,071
Total Liabilities	2,095	1,774	1,825	1,893	1,942	2,164	2,413	2,186	2,156	1,842
Total Current Liabilities	169	132	142	109	113	114	263	214	83	102
Short-Term Debt	33	15	17	17	17	11	126	86	0.00	-
Accounts Payable	20	29	21	16	14	6.71	13	43	11	32
Accrued Expenses	65	55	68	48	50	49	57	32	24	29
Current Deferred Revenue	52	33	36	28	32	39	37	38	34	37
Total Noncurrent Liabilities	1,926	1,642	1,684	1,784	1,828	2,051	2,150	1,971	2,073	1,741
Long-Term Debt	1,758	1,467	1,471	1,582	1,597	1,765	1,830	1,618	1,657	1,389
Noncurrent Deferred Revenue	38	44	45	48	51	67	75	48	36	29
Noncurrent Deferred & Payable Income Tax Liabilities	114	115	152	134	155	189	241	246	362	297
Other Noncurrent Operating Liabilities	15	16	16	20	25	29	4.16	60	17	27
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	577	888	1,129	1,288	1,419	1,459	1,602	1,596	1,344	1,229
Total Preferred & Common Equity	577	888	1,129	1,288	1,419	1,459	1,602	1,596	1,344	1,229
Total Common Equity	577	888	1,129	1,288	1,419	1,459	1,602	1,596	1,344	1,229
Common Stock	964	1,090	1,125	1,154	1,161	1,134	1,109	1,081	1,060	1,045
Retained Earnings	-406	-235	-48	141	276	332	502	519	289	193
Accumulated Other Comprehensive Income / (Loss)	18	34	52	-7.05	-17	-6.87	-8.80	-3.80	-5.45	-9.06

This table presents Iridium Communications' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,610	2,751	2,718	2,736	2,706	2,780	2,872	3,063
Total Current Assets	257	355	264	377	253	269	279	358
Cash & Equivalents	51	160	64	174	68	103	127	219
Accounts Receivable	105	96	96	93	101	92	101	87
Inventories, net	81	82	86	93	71	56	37	39
Prepaid Expenses	20	17	19	17	13	17	14	13
Plant, Property, & Equipment, net	2,051	2,100	2,127	2,158	2,229	2,291	2,384	2,480
Total Noncurrent Assets	303	297	327	201	224	221	209	224
Long-Term Investments	42	43	44	66	69	70	72	-
Goodwill	99	100	100	-	-	-	-	-
Intangible Assets	90	93	96	41	41	42	42	43
Other Noncurrent Operating Assets	72	60	87	94	113	109	95	181
Total Liabilities & Shareholders' Equity	2,610	2,751	2,718	2,736	2,706	2,780	2,872	3,063
Total Liabilities	2,092	2,087	1,931	1,882	1,781	1,780	1,786	1,917
Total Current Liabilities	129	135	118	113	119	124	116	127
Short-Term Debt	29	18	16	16	11	17	17	17
Accounts Payable	11	14	15	23	14	25	24	28
Accrued Expenses	44	56	45	43	59	49	43	46
Current Deferred Revenue	45	48	42	31	34	34	33	36
Total Noncurrent Liabilities	1,963	1,952	1,813	1,769	1,662	1,656	1,670	1,791
Long-Term Debt	1,778	1,777	1,635	1,588	1,471	1,465	1,468	1,573
Noncurrent Deferred Revenue	37	40	41	42	43	43	44	47
Noncurrent Deferred & Payable Income Tax Liabilities	117	120	122	124	132	133	143	154
Other Noncurrent Operating Liabilities	30	15	16	16	17	15	15	17
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	518	664	787	854	925	1,000	1,086	1,145
Total Preferred & Common Equity	518	664	787	854	925	1,000	1,086	1,145
Total Common Equity	518	664	787	854	925	1,000	1,086	1,145
Common Stock	930	1,004	1,044	1,070	1,105	1,119	1,127	1,126
Retained Earnings	-425	-355	-292	-256	-234	-170	-83	-38
Accumulated Other Comprehensive Income / (Loss)	13	15	35	40	53	52	42	57

This table displays calculated financial ratios and metrics derived from Iridium Communications' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.05%	9.67%	17.34%	5.32%	-47.95%	114.32%	16.73%	3.32%	5.41%	0.69%
EBITDA Growth	-0.69%	6.37%	8.25%	3.85%	251.64%	-62.96%	10.67%	5.32%	82.00%	-33.49%
EBIT Growth	134.61%	11.53%	67.30%	29.23%	116.20%	-735.51%	-70.06%	-34.23%	150.17%	-37.91%
NOPAT Growth	211.53%	-23.35%	129.95%	30.52%	250.62%	-75.70%	-87.09%	105.47%	1,428.70%	-90.92%
Net Income Growth	631.60%	76.74%	193.59%	83.38%	65.40%	-1,110.39%	-105.72%	110.62%	1,458.78%	-90.50%
EPS Growth	683.33%	71.43%	0.00%	0.00%	0.00%	0.00%	-100.00%	104.49%	1,088.89%	-113.04%
Operating Cash Flow Growth	19.38%	-8.65%	13.82%	21.26%	26.05%	-24.86%	1.57%	15.29%	3.55%	1.21%
Free Cash Flow Firm Growth	-20.01%	-8.17%	-5.19%	-0.24%	-14.72%	212.66%	-42.66%	47.10%	-19.44%	-20.16%
Invested Capital Growth	0.00%	-6.91%	-6.55%	-8.01%	-7.67%	-8.86%	9.81%	15.85%	21.65%	16.50%
Revenue Q/Q Growth	2.25%	0.11%	34.38%	-17.57%	-62.70%	114.32%	52.21%	111.47%	0.24%	1.46%
EBITDA Q/Q Growth	0.59%	1.64%	303.11%	480.20%	381.71%	-68.72%	7.63%	-0.62%	67.41%	-38.82%
EBIT Q/Q Growth	1.83%	54.12%	-15.44%	-19.93%	114.96%	-11,240.85%	25.46%	-32.42%	107.64%	-53.39%
NOPAT Q/Q Growth	-0.39%	50.87%	53.01%	65.37%	-17.71%	1.43%	49.59%	98.08%	536.84%	-92.81%
Net Income Q/Q Growth	-1.47%	165.83%	139.22%	17.97%	64.06%	-162.46%	-109.84%	101.46%	534.54%	-92.85%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	100.00%	-100.00%	100.00%	0.00%	-111.11%
Operating Cash Flow Q/Q Growth	4.73%	-0.78%	0.16%	6.73%	6.36%	9.70%	-6.47%	-1.61%	-41.05%	1.21%
Free Cash Flow Firm Q/Q Growth	-7.68%	-21.33%	45.07%	8.50%	7.82%	292.13%	29.62%	32.81%	-18.27%	12.03%
Invested Capital Q/Q Growth	-1.08%	-1.70%	-4.70%	-2.61%	-2.16%	-1.23%	5.96%	10.59%	11.49%	6.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.24%	71.53%	72.10%	75.53%	75.54%	87.05%	89.13%	90.08%	89.79%	90.08%
EBITDA Margin	48.94%	51.77%	53.38%	57.86%	58.68%	8.69%	50.26%	53.01%	52.00%	30.12%
Operating Margin	24.12%	10.32%	10.63%	7.54%	6.08%	0.90%	7.96%	25.77%	40.67%	17.94%
EBIT Margin	24.19%	10.83%	10.65%	7.47%	6.09%	-19.56%	6.60%	25.72%	40.41%	17.03%
Profit (Net Income) Margin	13.58%	1.95%	1.21%	-1.52%	-9.61%	-14.45%	-2.56%	52.19%	25.60%	1.73%
Tax Burden Percent	102.73%	-324.73%	82.99%	32.26%	63.01%	74.27%	64.82%	195.58%	62.32%	9.74%
Interest Burden Percent	54.64%	-5.54%	13.69%	-62.94%	-250.49%	99.48%	-59.85%	103.76%	101.67%	104.38%
Effective Tax Rate	11.17%	0.00%	2.78%	0.00%	0.00%	0.00%	0.00%	-95.58%	37.68%	90.26%
Return on Invested Capital (ROIC)	7.98%	2.47%	3.00%	1.21%	0.86%	0.22%	0.92%	8.03%	4.63%	0.36%
ROIC Less NNEP Spread (ROIC-NNEP)	3.63%	-0.73%	-2.17%	-1.94%	-4.67%	-10.11%	-1.79%	8.63%	4.74%	0.35%
Return on Net Nonoperating Assets (RNNOA)	7.42%	-0.94%	-2.28%	-1.90%	-4.75%	-10.81%	-1.76%	7.87%	4.00%	0.22%
Return on Equity (ROE)	15.40%	1.53%	0.72%	-0.69%	-3.89%	-10.59%	-0.84%	15.91%	8.63%	0.58%
Cash Return on Invested Capital (CROIC)	7.98%	9.62%	9.77%	9.55%	8.83%	9.49%	-8.43%	-6.65%	-14.90%	-14.88%
Operating Return on Assets (OROA)	7.53%	3.05%	2.50%	1.40%	1.02%	-5.74%	0.89%	3.17%	5.33%	2.34%
Return on Assets (ROA)	4.23%	0.55%	0.28%	-0.28%	-1.61%	-4.24%	-0.34%	6.42%	3.38%	0.24%
Return on Common Equity (ROCE)	15.40%	1.53%	0.72%	-0.69%	-3.89%	-10.59%	-0.84%	15.91%	8.63%	0.58%
Return on Equity Simple (ROE_SIMPLE)	19.56%	1.74%	0.77%	-0.72%	-3.95%	-11.10%	-0.84%	14.65%	8.26%	0.58%
Net Operating Profit after Tax (NOPAT)	178	57	75	32	25	7.08	29	226	110	7.19
NOPAT Margin	21.43%	7.23%	10.34%	5.28%	4.26%	0.63%	5.57%	50.41%	25.35%	1.75%
Net Nonoperating Expense Percent (NNEP)	4.35%	3.19%	5.17%	3.15%	5.52%	10.33%	2.72%	-0.60%	-0.10%	0.01%
Return On Investment Capital (ROIC_SIMPLE)	7.52%	2.41%	2.85%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	27.76%	28.47%	27.90%	24.47%	24.46%	12.95%	10.87%	9.92%	10.21%	9.92%
SG&A Expenses to Revenue	20.25%	18.17%	17.13%	16.35%	15.43%	8.31%	18.71%	18.84%	19.04%	19.80%
R&D to Revenue	3.42%	2.56%	2.25%	1.93%	2.06%	1.28%	4.29%	3.40%	3.71%	3.92%
Operating Expenses to Revenue	48.12%	61.21%	61.47%	67.99%	69.46%	85.25%	81.16%	64.31%	49.12%	72.14%
Earnings before Interest and Taxes (EBIT)	201	86	77	46	36	-219	35	115	175	70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	407	409	385	356	342	97	263	238	226	124
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.73	5.63	5.55	4.15	3.62	2.17	1.26	0.71	0.67	0.64
Price to Tangible Book Value (P/TBV)	8.52	5.90	5.77	4.30	3.74	2.24	1.30	0.73	0.69	0.66
Price to Revenue (P/Rev)	3.98	6.32	8.69	8.71	8.81	2.82	3.85	2.53	2.08	1.90
Price to Earnings (P/E)	29.30	324.25	718.58	0.00	0.00	0.00	0.00	5.19	9.43	0.00
Dividend Yield	1.90%	1.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.41%	0.31%	0.14%	0.00%	0.00%	0.00%	0.00%	19.27%	10.61%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.22	2.84	3.14	2.58	2.33	1.56	1.12	0.84	0.82	0.83
Enterprise Value to Revenue (EV/Rev)	5.97	8.02	10.45	10.79	11.15	4.21	7.07	5.67	4.95	4.33
Enterprise Value to EBITDA (EV/EBITDA)	12.20	15.49	19.58	18.64	19.01	48.47	14.06	10.69	9.52	14.39
Enterprise Value to EBIT (EV/EBIT)	24.68	74.05	98.14	144.41	183.22	0.00	107.13	22.03	12.26	25.45
Enterprise Value to NOPAT (EV/NOPAT)	27.86	110.99	101.09	204.44	261.99	666.17	126.76	11.24	19.54	247.91
Enterprise Value to Operating Cash Flow (EV/OCF)	13.19	20.14	21.86	21.88	26.05	23.82	14.02	9.78	9.54	8.20
Enterprise Value to Free Cash Flow (EV/FCFF)	27.84	28.48	31.08	25.92	25.39	15.70	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.11	1.67	1.32	1.24	1.14	1.22	1.22	1.07	1.23	1.13
Long-Term Debt to Equity	3.05	1.65	1.30	1.23	1.13	1.21	1.14	1.01	1.23	1.13
Financial Leverage	2.05	1.30	1.05	0.98	1.02	1.07	0.98	0.91	0.84	0.62
Leverage Ratio	3.64	2.78	2.54	2.42	2.43	2.50	2.44	2.48	2.55	2.43
Compound Leverage Factor	1.99	-0.15	0.35	-1.52	-6.08	2.48	-1.46	2.57	2.60	2.54
Debt to Total Capital	75.64%	62.54%	56.86%	55.37%	53.20%	54.90%	54.98%	51.62%	55.22%	53.06%
Short-Term Debt to Total Capital	1.40%	0.63%	0.63%	0.57%	0.55%	0.34%	3.54%	2.59%	0.00%	0.00%
Long-Term Debt to Total Capital	74.25%	61.90%	56.22%	54.80%	52.65%	54.56%	51.44%	49.03%	55.22%	53.06%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	24.36%	37.46%	43.14%	44.63%	46.80%	45.10%	45.02%	48.38%	44.78%	46.94%
Debt to EBITDA	4.40	3.62	3.86	4.49	4.71	18.25	7.44	7.17	7.35	11.21
Net Debt to EBITDA	4.07	3.28	3.30	3.59	4.00	15.95	6.40	5.92	5.53	8.07
Long-Term Debt to EBITDA	4.32	3.58	3.82	4.45	4.66	18.13	6.96	6.81	7.35	11.21
Debt to NOPAT	10.06	25.95	19.95	49.29	64.97	250.76	67.08	7.54	15.08	193.15
Net Debt to NOPAT	9.30	23.51	17.02	39.39	55.11	219.20	57.70	6.23	11.34	139.05
Long-Term Debt to NOPAT	9.87	25.68	19.73	48.78	64.29	249.22	62.75	7.16	15.08	193.15
Altman Z-Score	1.35	2.03	2.43	2.12	2.00	1.19	0.87	0.78	0.80	0.70
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.73	2.06	2.16	3.90	3.08	3.01	1.49	1.92	6.21	4.74
Quick Ratio	1.14	1.24	1.77	3.53	2.71	2.57	1.31	1.71	5.62	4.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	178	223	242	256	256	301	-267	-187	-354	-296
Operating Cash Flow to CapEx	537.92%	390.92%	447.91%	718.61%	645.58%	168.18%	67.38%	64.89%	55.51%	43.95%
Free Cash Flow to Firm to Interest Expense	1.95	2.46	3.66	3.42	2.06	1.32	-4.84	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	4.13	3.48	5.20	4.05	2.01	0.87	4.78	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	3.36	2.59	4.04	3.49	1.70	0.35	-2.32	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.31	0.28	0.24	0.19	0.17	0.29	0.13	0.12	0.13	0.14
Accounts Receivable Turnover	8.72	9.09	9.90	9.87	8.99	16.02	7.51	7.15	7.95	8.04
Inventory Turnover	2.67	3.44	5.85	4.89	3.94	4.30	2.39	2.32	1.92	1.45
Fixed Asset Turnover	0.39	0.34	0.28	0.22	0.19	0.34	0.16	0.15	0.17	0.19
Accounts Payable Turnover	9.53	9.00	10.71	9.83	13.52	14.82	2.03	1.64	2.08	1.66
Days Sales Outstanding (DSO)	41.86	40.16	36.87	36.99	40.62	22.78	48.59	51.08	45.89	45.40
Days Inventory Outstanding (DIO)	136.47	106.13	62.44	74.66	92.62	84.84	152.81	157.15	190.10	252.05
Days Payable Outstanding (DPO)	38.30	40.57	34.09	37.12	26.99	24.62	179.65	222.68	175.78	220.04
Cash Conversion Cycle (CCC)	140.03	105.71	65.23	74.54	106.25	83.00	21.74	-14.45	60.21	77.41
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,231	2,232	2,397	2,565	2,788	3,020	3,313	3,017	2,605	2,141
Invested Capital Turnover	0.37	0.34	0.29	0.23	0.20	0.35	0.17	0.16	0.18	0.21
Increase / (Decrease) in Invested Capital	-0.11	-166	-168	-223	-232	-294	296	413	463	303
Enterprise Value (EV)	4,959	6,342	7,536	6,628	6,507	4,719	3,696	2,539	2,148	1,783
Market Capitalization	3,304	4,998	6,267	5,351	5,138	3,166	2,014	1,133	901	783
Book Value per Share	$5.07	$7.17	$8.98	$9.74	$10.65	$11.13	$14.38	$16.30	$14.03	$12.94
Tangible Book Value per Share	$3.40	$6.84	$8.64	$9.41	$10.31	$10.77	$13.95	$15.78	$13.55	$12.45
Total Capital	2,368	2,371	2,616	2,886	3,033	3,236	3,557	3,300	3,001	2,617
Total Debt	1,791	1,482	1,487	1,598	1,614	1,776	1,956	1,704	1,657	1,389
Total Long-Term Debt	1,758	1,467	1,471	1,582	1,597	1,765	1,830	1,618	1,657	1,389
Net Debt	1,655	1,343	1,269	1,277	1,369	1,553	1,682	1,406	1,247	1,000
Capital Expenditures (CapEx)	70	81	77	42	39	118	391	400	406	495
Debt-free, Cash-free Net Working Capital (DFCFNWC)	63	83	12	11	6.79	16	-20	-15	23	-8.89
Debt-free Net Working Capital (DFNWC)	157	155	181	332	252	240	254	282	434	380
Net Working Capital (NWC)	124	140	165	316	235	229	128	197	434	380
Net Nonoperating Expense (NNE)	65	42	66	42	81	169	43	-8.01	-1.12	0.07
Net Nonoperating Obligations (NNO)	1,655	1,343	1,269	1,277	1,369	1,561	1,712	1,421	1,261	912
Total Depreciation and Amortization (D&A)	206	324	308	310	307	317	228	122	50	54
Debt-free, Cash-free Net Working Capital to Revenue	7.60%	10.45%	1.71%	1.82%	1.16%	1.47%	-3.76%	-3.42%	5.32%	-2.16%
Debt-free Net Working Capital to Revenue	18.86%	19.54%	25.12%	54.04%	43.11%	21.42%	48.50%	63.02%	99.99%	92.40%
Net Working Capital to Revenue	14.87%	17.65%	22.83%	51.35%	40.24%	20.45%	24.41%	43.93%	99.99%	92.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.95	$0.12	$0.07	($0.07)	$0.00	($1.33)	($0.22)	$2.23	$1.00	($0.09)
Adjusted Weighted Average Basic Shares Outstanding	118.57M	125.60M	128.26M	133.53M	0.00	125.17M	108.98M	97.93M	95.97M	95.10M
Adjusted Diluted Earnings per Share	$0.94	$0.00	$0.00	$0.00	$0.00	($1.33)	($0.22)	$1.82	$0.89	($0.09)
Adjusted Weighted Average Diluted Shares Outstanding	119.79M	127.22M	130.13M	0.00	0.00	125.17M	108.98M	128.13M	124.88M	95.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.07)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	108.84M	122.45M	125.97M	128.37M	0.00	131.73M	112.24M	98.21M	95.90M	95.13M
Normalized Net Operating Profit after Tax (NOPAT)	178	57	75	32	25	7.08	29	81	110	113
Normalized NOPAT Margin	21.43%	7.23%	10.34%	5.28%	4.26%	0.63%	5.57%	18.04%	25.35%	27.37%
Pre Tax Income Margin	13.22%	-0.60%	1.46%	-4.70%	-15.25%	-19.46%	-3.95%	26.69%	41.09%	17.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.20	0.95	1.16	0.61	0.29	-0.97	0.63	0.00	0.00	0.00
NOPAT to Interest Expense	1.95	0.63	1.12	0.43	0.20	0.03	0.53	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	1.44	0.06	0.00	0.05	-0.03	-1.48	-6.47	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	1.19	-0.26	-0.04	-0.13	-0.11	-0.49	-6.57	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	57.40%	420.20%	0.00%	0.00%	0.00%	-5.18%	-115.26%	1.65%	13.90%	216.71%
Augmented Payout Ratio	418.94%	2,022.66%	2,947.25%	-1,753.86%	0.00%	-5.18%	-115.26%	1.65%	13.90%	216.71%

This table displays calculated financial ratios and metrics derived from Iridium Communications' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.41%	9.37%	7.68%	4.12%	-0.69%	0.47%	7.36%	10.40%	22.03%	1,972.67%	13.51%
EBITDA Growth	10.87%	2.31%	0.55%	-5.69%	-0.08%	6.86%	11.61%	2.72%	4.36%	178.95%	493.40%
EBIT Growth	17.84%	7.32%	93.57%	376.49%	113.18%	156.19%	60.75%	-175.57%	21.54%	-42.14%	18.60%
NOPAT Growth	40.38%	2.96%	124.26%	397.60%	-21.57%	363.98%	-95.07%	-168.40%	295.32%	75.88%	3,703.28%
Net Income Growth	54.74%	-4.42%	1,588.79%	205.19%	101.05%	4,805.82%	-176.41%	-774.59%	246.14%	86.27%	203.07%
EPS Growth	68.75%	3.45%	2,200.00%	212.50%	100.00%	0.00%	-150.00%	0.00%	0.00%	0.00%	-33.33%
Operating Cash Flow Growth	-14.48%	19.34%	66.81%	-6.82%	3.60%	-2.73%	-20.00%	-12.77%	4.82%	0.60%	1.98%
Free Cash Flow Firm Growth	-80.94%	-72.24%	-77.94%	-95.56%	-17.59%	25.09%	-48.92%	32.25%	10.07%	-21.54%	128.81%
Invested Capital Growth	0.67%	0.00%	-0.63%	1.00%	-6.46%	-6.91%	-9.75%	-9.37%	-7.19%	-6.55%	-4.50%
Revenue Q/Q Growth	0.89%	0.10%	5.82%	-1.37%	4.68%	-1.45%	2.33%	-5.93%	5.90%	5.31%	5.23%
EBITDA Q/Q Growth	5.67%	-1.74%	13.31%	-5.76%	-2.49%	-3.43%	6.28%	-0.15%	4.28%	0.86%	-2.19%
EBIT Q/Q Growth	10.89%	-4.03%	28.29%	-13.68%	0.99%	73.09%	283.24%	-166.56%	21.36%	8.61%	-13.85%
NOPAT Q/Q Growth	-18.98%	42.03%	32.85%	-8.17%	-40.58%	209.37%	276.29%	-124.20%	251.53%	-96.72%	2,348.04%
Net Income Q/Q Growth	-16.31%	48.66%	-24.40%	64.53%	-48.31%	2,415.65%	94.66%	-414.49%	1,309.78%	-137.60%	-52.84%
EPS Q/Q Growth	-10.00%	42.86%	-22.22%	68.75%	0.00%	3,000.00%	95.83%	-400.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-41.71%	-11.66%	46.25%	13.56%	-18.66%	23.47%	-18.30%	26.26%	-23.63%	1.55%	-10.92%
Free Cash Flow Firm Q/Q Growth	-42.58%	7.62%	478.50%	-94.67%	-16.36%	-14.49%	16.53%	-1.11%	26.95%	-65.08%	201.67%
Invested Capital Q/Q Growth	0.05%	-1.08%	-3.20%	5.08%	-0.62%	-1.70%	-1.61%	-2.69%	-1.09%	-4.70%	-1.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.31%	71.73%	73.39%	73.44%	70.41%	71.44%	72.56%	73.31%	68.95%	70.61%	71.32%
EBITDA Margin	51.68%	49.34%	50.26%	46.94%	49.13%	52.74%	53.82%	51.82%	48.83%	49.58%	51.77%
Operating Margin	28.10%	24.47%	25.78%	21.71%	24.42%	23.77%	14.25%	-8.27%	11.28%	9.69%	9.71%
EBIT Margin	27.32%	24.86%	25.93%	21.39%	24.44%	25.33%	14.42%	-8.05%	11.38%	9.93%	9.63%
Profit (Net Income) Margin	14.15%	17.06%	11.49%	16.08%	9.64%	19.53%	-0.83%	-15.92%	4.76%	-0.42%	1.17%
Tax Burden Percent	82.46%	119.10%	79.07%	168.39%	67.42%	125.85%	26.65%	89.69%	178.47%	2,448.48%	2,238.54%
Interest Burden Percent	62.82%	57.64%	56.05%	44.66%	58.52%	61.25%	-21.62%	220.39%	23.44%	-0.17%	0.54%
Effective Tax Rate	15.78%	-20.46%	19.42%	23.77%	27.21%	-31.70%	0.00%	0.00%	-99.56%	0.00%	-2,138.54%
Return on Invested Capital (ROIC)	8.95%	10.97%	7.46%	5.69%	6.11%	10.70%	3.29%	-1.85%	6.93%	1.97%	45.30%
ROIC Less NNEP Spread (ROIC-NNEP)	7.62%	9.21%	6.11%	5.62%	4.86%	8.94%	1.72%	-3.32%	4.18%	0.87%	15.63%
Return on Net Nonoperating Assets (RNNOA)	17.11%	18.85%	11.30%	8.97%	6.64%	11.58%	2.26%	-4.06%	4.86%	0.92%	16.99%
Return on Equity (ROE)	26.06%	29.82%	18.76%	14.66%	12.76%	22.28%	5.55%	-5.91%	11.78%	2.89%	62.30%
Cash Return on Invested Capital (CROIC)	8.00%	7.98%	8.53%	6.55%	14.60%	9.62%	11.83%	11.09%	12.75%	9.77%	6.49%
Operating Return on Assets (OROA)	8.60%	7.74%	7.72%	6.20%	6.88%	7.13%	3.95%	-2.13%	2.90%	2.33%	1.65%
Return on Assets (ROA)	4.46%	5.32%	3.42%	4.66%	2.71%	5.50%	-0.23%	-4.22%	1.21%	-0.10%	0.20%
Return on Common Equity (ROCE)	26.06%	29.82%	18.76%	14.66%	12.76%	22.28%	5.55%	-5.91%	11.78%	2.89%	62.30%
Return on Equity Simple (ROE_SIMPLE)	23.83%	0.00%	17.24%	11.23%	2.96%	0.00%	-2.53%	-1.96%	1.44%	0.00%	0.32%
Net Operating Profit after Tax (NOPAT)	51	63	44	33	36	61	20	-11	46	13	400
NOPAT Margin	23.67%	29.47%	20.77%	16.55%	17.77%	31.31%	9.97%	-5.79%	22.50%	6.78%	217.38%
Net Nonoperating Expense Percent (NNEP)	1.33%	1.76%	1.34%	0.07%	1.25%	1.76%	1.57%	1.46%	2.75%	1.10%	29.67%
Return On Investment Capital (ROIC_SIMPLE)	2.19%	2.65%	-	-	-	2.57%	-	-	-	0.50%	-
Cost of Revenue to Revenue	28.69%	28.27%	26.61%	26.56%	29.59%	28.56%	27.44%	26.69%	31.05%	29.39%	28.68%
SG&A Expenses to Revenue	16.64%	19.11%	20.66%	23.24%	18.06%	17.62%	16.89%	19.34%	18.85%	18.88%	17.46%
R&D to Revenue	2.52%	4.00%	2.91%	3.24%	3.53%	2.94%	2.55%	2.91%	1.89%	2.97%	2.64%
Operating Expenses to Revenue	43.20%	47.26%	47.61%	51.73%	45.99%	47.67%	58.31%	81.58%	57.67%	60.92%	61.61%
Earnings before Interest and Taxes (EBIT)	59	53	55	43	50	49	28	-16	23	19	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	111	105	107	94	100	103	106	100	100	96	95
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.74	5.73	5.43	4.11	3.78	5.63	6.04	7.70	7.06	5.55	4.82
Price to Tangible Book Value (P/TBV)	9.02	8.52	7.67	5.47	3.97	5.90	6.32	8.04	7.34	5.77	5.01
Price to Revenue (P/Rev)	3.53	3.98	4.44	4.05	4.08	6.32	7.07	9.92	10.11	8.69	10.29
Price to Earnings (P/E)	24.07	29.30	31.49	36.58	127.43	324.25	0.00	0.00	488.97	718.58	0.00
Dividend Yield	2.05%	1.90%	1.77%	1.99%	2.00%	1.29%	0.87%	0.43%	0.21%	0.00%	0.00%
Earnings Yield	4.15%	3.41%	3.18%	2.73%	0.78%	0.31%	0.00%	0.00%	0.20%	0.14%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.10	2.22	2.30	2.05	2.07	2.84	3.05	3.90	3.77	3.14	2.74
Enterprise Value to Revenue (EV/Rev)	5.57	5.97	6.40	5.99	5.81	8.02	8.78	11.60	11.80	10.45	12.85
Enterprise Value to EBITDA (EV/EBITDA)	11.23	12.20	12.86	11.83	11.21	15.49	17.21	23.00	23.00	19.58	72.19
Enterprise Value to EBIT (EV/EBIT)	22.34	24.68	26.34	27.99	40.93	74.05	124.73	201.09	110.58	98.14	75.90
Enterprise Value to NOPAT (EV/NOPAT)	24.32	27.86	29.08	27.29	25.23	110.99	182.99	293.65	68.71	101.09	141.47
Enterprise Value to Operating Cash Flow (EV/OCF)	12.82	13.19	14.48	15.34	14.45	20.14	21.84	26.88	25.72	21.86	20.03
Enterprise Value to Free Cash Flow (EV/FCFF)	26.33	27.84	26.94	31.45	13.69	28.48	24.49	33.47	28.51	31.08	41.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.49	3.11	2.70	2.10	1.88	1.67	1.60	1.48	1.37	1.32	1.39
Long-Term Debt to Equity	3.43	3.05	2.68	2.08	1.86	1.65	1.59	1.46	1.35	1.30	1.37
Financial Leverage	2.24	2.05	1.85	1.60	1.37	1.30	1.31	1.23	1.16	1.05	1.09
Leverage Ratio	3.90	3.64	3.43	3.08	2.89	2.78	2.79	2.69	2.61	2.54	2.54
Compound Leverage Factor	2.45	2.10	1.93	1.37	1.69	1.71	-0.60	5.92	0.61	0.00	0.01
Debt to Total Capital	77.71%	75.64%	73.00%	67.73%	65.26%	62.54%	61.57%	59.69%	57.75%	56.86%	58.12%
Short-Term Debt to Total Capital	1.23%	1.40%	0.74%	0.67%	0.66%	0.63%	0.47%	0.67%	0.64%	0.63%	0.60%
Long-Term Debt to Total Capital	76.48%	74.25%	72.26%	67.06%	64.60%	61.90%	61.10%	59.02%	57.11%	56.22%	57.51%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	22.29%	24.36%	27.00%	32.27%	34.74%	37.46%	38.43%	40.31%	42.25%	43.14%	41.88%
Debt to EBITDA	4.33	4.40	4.44	4.09	3.92	3.62	3.68	3.78	3.81	3.86	16.64
Net Debt to EBITDA	4.11	4.07	3.94	3.83	3.33	3.28	3.34	3.34	3.30	3.30	14.35
Long-Term Debt to EBITDA	4.26	4.32	4.40	4.05	3.88	3.58	3.65	3.74	3.77	3.82	16.47
Debt to NOPAT	9.37	10.06	10.04	9.43	8.82	25.95	39.13	48.28	11.40	19.95	32.61
Net Debt to NOPAT	8.89	9.30	8.91	8.82	7.50	23.51	35.52	42.61	9.87	17.02	28.12
Long-Term Debt to NOPAT	9.23	9.87	9.94	9.34	8.73	25.68	38.83	47.74	11.27	19.73	32.28
Altman Z-Score	1.08	1.17	1.31	1.26	1.36	1.99	2.15	2.83	2.89	2.37	2.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.99	1.73	2.62	2.25	3.33	2.06	2.13	2.16	2.40	2.16	2.82
Quick Ratio	1.21	1.14	1.89	1.36	2.36	1.24	1.42	1.57	1.95	1.77	2.41
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	36	63	58	10	189	227	265	227	230	181	519
Operating Cash Flow to CapEx	248.84%	431.80%	637.23%	651.94%	490.43%	481.90%	549.58%	328.59%	300.99%	323.25%	493.30%
Free Cash Flow to Firm to Interest Expense	1.65	2.80	2.41	0.42	9.17	11.85	7.64	12.14	12.85	9.39	29.41
Operating Cash Flow to Interest Expense	2.80	4.67	4.89	3.41	3.46	4.59	2.05	4.65	3.85	4.68	5.04
Operating Cash Flow Less CapEx to Interest Expense	1.67	3.59	4.12	2.89	2.75	3.64	1.68	3.23	2.57	3.23	4.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.31	0.31	0.30	0.29	0.28	0.28	0.27	0.27	0.25	0.24	0.17
Accounts Receivable Turnover	8.48	8.72	8.24	8.47	8.15	9.09	8.42	9.29	8.39	9.90	6.82
Inventory Turnover	2.68	2.67	2.95	3.16	3.41	3.44	4.10	5.39	6.72	5.85	7.10
Fixed Asset Turnover	0.40	0.39	0.38	0.36	0.35	0.34	0.34	0.32	0.30	0.28	0.21
Accounts Payable Turnover	13.65	9.53	16.14	11.21	9.59	9.00	10.56	11.55	11.36	10.71	11.29
Days Sales Outstanding (DSO)	43.03	41.86	44.29	43.11	44.78	40.16	43.34	39.30	43.50	36.87	53.48
Days Inventory Outstanding (DIO)	136.33	136.47	123.86	115.57	106.91	106.13	88.93	67.76	54.33	62.44	51.41
Days Payable Outstanding (DPO)	26.74	38.30	22.61	32.55	38.05	40.57	34.56	31.60	32.12	34.09	32.33
Cash Conversion Cycle (CCC)	152.62	140.03	145.54	126.13	113.63	105.71	97.71	75.46	65.70	65.23	72.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,233	2,231	2,256	2,331	2,218	2,232	2,270	2,307	2,371	2,397	2,515
Invested Capital Turnover	0.38	0.37	0.36	0.34	0.34	0.34	0.33	0.32	0.31	0.29	0.21
Increase / (Decrease) in Invested Capital	15	-0.11	-14	23	-153	-166	-245	-238	-184	-168	-118
Enterprise Value (EV)	4,688	4,959	5,197	4,776	4,587	6,342	6,931	9,008	8,949	7,536	6,893
Market Capitalization	2,973	3,304	3,605	3,232	3,223	4,998	5,585	7,701	7,664	6,267	5,522
Book Value per Share	$4.76	$5.07	$5.61	$6.48	$6.93	$7.17	$7.40	$7.94	$8.62	$8.98	$9.02
Tangible Book Value per Share	$3.03	$3.40	$3.97	$4.87	$6.60	$6.84	$7.07	$7.61	$8.28	$8.64	$8.68
Total Capital	2,325	2,368	2,459	2,438	2,457	2,371	2,407	2,481	2,570	2,616	2,734
Total Debt	1,807	1,791	1,795	1,651	1,604	1,482	1,482	1,481	1,484	1,487	1,589
Total Long-Term Debt	1,778	1,758	1,777	1,635	1,588	1,467	1,471	1,465	1,468	1,471	1,573
Net Debt	1,714	1,655	1,592	1,544	1,364	1,343	1,345	1,307	1,285	1,269	1,370
Capital Expenditures (CapEx)	25	24	19	12	15	18	13	26	23	28	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	105	63	78	100	106	83	77	57	52	12	29
Debt-free Net Working Capital (DFNWC)	156	157	238	163	280	155	145	161	179	181	248
Net Working Capital (NWC)	127	124	220	147	264	140	134	144	162	165	231
Net Nonoperating Expense (NNE)	20	26	20	0.93	17	23	21	20	36	14	398
Net Nonoperating Obligations (NNO)	1,714	1,655	1,592	1,544	1,364	1,343	1,345	1,307	1,285	1,269	1,370
Total Depreciation and Amortization (D&A)	52	52	52	51	50	53	78	116	77	77	78
Debt-free, Cash-free Net Working Capital to Revenue	12.49%	7.60%	9.63%	12.50%	13.43%	10.45%	9.79%	7.41%	6.90%	1.71%	5.43%
Debt-free Net Working Capital to Revenue	18.53%	18.86%	29.27%	20.47%	35.48%	19.54%	18.38%	20.73%	23.60%	25.12%	46.20%
Net Working Capital to Revenue	15.14%	14.87%	27.02%	18.43%	33.42%	17.65%	16.96%	18.61%	21.42%	22.83%	43.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.28	$0.31	$0.21	$0.27	$0.16	$0.29	($0.01)	($0.24)	$0.08	($0.01)	$0.02
Adjusted Weighted Average Basic Shares Outstanding	109.76M	118.57M	117.45M	120.61M	123.15M	125.60M	125.18M	126.24M	127.06M	128.26M	127.70M
Adjusted Diluted Earnings per Share	$0.27	$0.30	$0.21	$0.27	$0.16	$0.29	($0.01)	$0.00	$0.00	$0.00	$0.04
Adjusted Weighted Average Diluted Shares Outstanding	110.67M	119.79M	118.11M	121.24M	123.99M	127.22M	125.18M	126.24M	128.74M	130.13M	129.08M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	108.16M	108.84M	113.85M	236.77M	242.86M	122.45M	247.70M	250.10M	251.85M	125.97M	251.29M
Normalized Net Operating Profit after Tax (NOPAT)	51	36	44	33	36	32	20	-11	16	13	13
Normalized NOPAT Margin	23.67%	17.13%	20.77%	16.55%	17.77%	16.64%	9.97%	-5.79%	7.89%	6.78%	6.80%
Pre Tax Income Margin	17.16%	14.33%	14.53%	9.55%	14.30%	15.51%	-3.12%	-17.75%	2.67%	-0.02%	0.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.69	2.36	2.28	1.81	2.41	2.58	0.82	-0.83	1.31	1.00	1.01
NOPAT to Interest Expense	2.33	2.80	1.82	1.40	1.75	3.19	0.57	-0.60	2.58	0.68	22.69
EBIT Less CapEx to Interest Expense	1.57	1.28	1.51	1.28	1.71	1.63	0.45	-2.25	0.03	-0.45	-0.02
NOPAT Less CapEx to Interest Expense	1.21	1.72	1.06	0.88	1.05	2.24	0.20	-2.01	1.30	-0.77	21.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	52.09%	57.40%	56.86%	73.39%	254.62%	420.20%	-208.40%	-166.56%	104.82%	0.00%	0.00%
Augmented Payout Ratio	392.86%	418.94%	350.84%	392.57%	1,247.53%	2,022.66%	-1,074.50%	-1,224.70%	1,227.87%	2,947.25%	7,891.63%

Frequently Asked Questions About Iridium Communications' Financials

When does Iridium Communications's financial year end?

According to the most recent income statement we have on file, Iridium Communications' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Iridium Communications' net income changed over the last 9 years?

Iridium Communications' net income appears to be on a downward trend, with a most recent value of $112.78 million in 2024, rising from $7.12 million in 2015. The previous period was $15.42 million in 2023. See Iridium Communications' forecast for analyst expectations on what’s next for the company.

What is Iridium Communications's operating income?

Iridium Communications's total operating income in 2024 was $200.38 million, based on the following breakdown:

Total Gross Profit: $600.12 million
Total Operating Expenses: $399.73 million

How has Iridium Communications revenue changed over the last 9 years?

Over the last 9 years, Iridium Communications' total revenue changed from $411.38 million in 2015 to $830.68 million in 2024, a change of 101.9%.

How much debt does Iridium Communications have?

Iridium Communications' total liabilities were at $2.09 billion at the end of 2024, a 18.1% increase from 2023, and a 13.7% increase since 2015.

How much cash does Iridium Communications have?

In the past 9 years, Iridium Communications' cash and equivalents has ranged from $71.87 million in 2023 to $371.17 million in 2016, and is currently $93.53 million as of their latest financial filing in 2024.

How has Iridium Communications' book value per share changed over the last 9 years?

Over the last 9 years, Iridium Communications' book value per share changed from 12.94 in 2015 to 5.07 in 2024, a change of -60.9%.

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This page (NASDAQ:IRDM) was last updated on 5/29/2025 by MarketBeat.com Staff

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Iridium Communications (IRDM) Financials

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