IRDMIridium Communications Inc.
Communications Services, NEC
- Revenue
- $872M
- 4.9% YoY
- Operating margin
- 27.1%
- 12% YoY
- EBITDA
- $446M
- 11% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.7×
- $1.7B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear350% of net incomeCash flow under 80% of net income
- Dilutive SBCClear6% of revenueOver 10% of revenue
- Payouts exceed cash flowClear62% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear9% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $615M | $721M | $791M | $831M | $872M | 4.9% |
| Operating income | $46M | $77M | $82M | $200M | $236M | 18% |
| Net income | −$9M | $9M | $15M | $113M | $114M | 1.4% |
| Operating cash flow | $303M | $345M | $315M | $376M | $400M | 6.4% |
| Capex | $42M | $71M | $73M | $70M | $100M | 43% |
| Stock-based comp | $27M | $44M | $57M | $63M | $52M | 19% |
| Buybacks | $163M | $257M | $247M | $408M | $186M | 54% |
| Dividends | $0 | $0 | $65M | $65M | $63M | 2.9% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $363K · 2
- Net
- −$363K
Pay vs performance
No pay-versus-performance disclosure yet.