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+2.36%
Close of 9 Nov 2026, in USD
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About Iridium Communications
From its filings with the US Securities and Exchange Commission
Iridium Communications is based in Mclean, Virginia and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker IRDM. The SEC classifies its business as communications services, nec. In the fiscal year to 31 December 2025, it reported revenue of $871.7m and net income of $114.4m. At that date it held total assets of $2.53bn and shareholders' equity of $462.6m. By region, United states accounted for 55.0%, followed by Other countries at 35.4% and CANADA at 9.6%.
Iridium Communications Inc. (“we,” “us,” or “Iridium”) is a leading provider of global voice, data, and positioning, navigation and timing (PNT) satellite services. We are the only commercial provider of communications services offering true global coverage, connecting people, organizations and assets to and from anywhere, in real time. Our low-Earth orbit (LEO), L-band network provides specialized, reliable, weather-resilient communications services to regions of the world where terrestrial wireless or wireline networks do not exist or are limited, including remote land areas, open ocean, airways, the polar regions, and regions where the telecommunications infrastructure has been affected by political conflicts or natural disasters. In addition, our satellites have additional payloads to host specific additional services for other customers like Aireon LLC. We also utilize our long history operating a commercial LEO satellite system to provide a growing array of engineering and operational services to government customers and government network operators such as the U.S. Space Force.
Quoted from its 10-K, filed 12 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Communication Services
- Industry
- Diversified Telecommunication Services
- Listed since
- 15 Feb 2008
- Employees
- 975
- Website
- iridium.com ↗
- Head office
- 1676 INTERNATIONAL DRIVE, MCLEAN, VA, 22102
- Incorporated in
- DE
- Classification
- Communications Services, NEC
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Robert NiehausIndependent Chairman of the Board, since 2007$406,338
- Mr. Matthew DeschChief Executive Officer, Director, since 2009$9.2m
- Mr. Vincent O'NeillChief Financial Officer
- Ms. Suzanne McbrideChief Operating Officer, Director, since 2019$3.5m
- Mr. Timothy LastExecutive Vice President - Sales and Marketing
- Mr. Scott ScheimreifExecutive Vice President - Government Programs$2.2m
- Ms. Kathleen MorganChief Legal Officer
- Mr. Thomas FitzpatrickDirector, since 2010$3.7m
- Mr. Thomas CanfieldIndependent Director$385,548
- Mr. L. Anthony FrazierIndependent Director$296,889
- Mr. Alvin KrongardIndependent Director$332,271
- Adm. (Retd.) Eric OlsonIndependent Director$350,882
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 53
- Environment
- 75
- Social
- 46
- Governance
- 38
- Direct emissions (scope 1)
- 183 t
- Energy emissions (scope 2)
- 5,990 t
- Value chain emissions (scope 3)
- 926,015 t
- Women in the workforce
- 24%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Iridium Communications Inc possesses a strong advantage due to its global satellite network. The company operates a constellation of low Earth orbit satellites, providing reliable and seamless global satellite communications coverage. This extensive network enables Iridium to offer services in remote and underserved areas where other communication methods are often limited or unavailable.
- Iridium serves a diverse customer base across various industries, including government, military, maritime, aviation, and IoT (Internet of Things). This diversification helps mitigate risks associated with economic downturns or fluctuations in specific sectors, allowing the company to maintain stable revenue streams from multiple sources.
Weaknesses
- One of the weaknesses of Iridium Communications Inc is the relatively high cost of its satellite communication services. These services are often considered expensive compared to alternative communication options, posing a challenge for cost-conscious customers, particularly in price-sensitive markets. This could potentially limit the company's market share and growth opportunities.
- As a satellite communications company, Iridium heavily relies on the functionality and availability of its satellite infrastructure. Any technical issues or failures in the satellite network could disrupt or hinder the company's ability to provide uninterrupted services. This dependence on satellite infrastructure exposes Iridium to potential risks associated with system failures and requires constant monitoring and maintenance efforts.
Opportunities
- With the increasing need for global connectivity, Iridium Communications Inc has an opportunity to capitalize on the growing market demand. Advancements in technology, expanding IoT applications, and the need for reliable communication in remote areas contribute to the potential for Iridium to expand its customer base and revenue streams.
- The emerging Internet of Things (IoT) sector presents a significant opportunity for Iridium. As more devices and sensors become connected, there will be an increasing demand for IoT connectivity across diverse industries. Iridium's global satellite network positions it well to offer reliable connectivity solutions for IoT applications, enabling the company to tap into this growing market.
Threats
- Iridium Communications Inc faces competition from alternative communication technologies, such as terrestrial cellular networks, other satellite communication providers, and emerging low Earth orbit satellite constellations. The availability of these alternatives may pose a potential threat to Iridium's market share and pricing power, requiring the company to continuously innovate and differentiate its offerings.
- Regulatory and legal challenges can present obstacles for Iridium Communications Inc's operations and expansion. Compliance with international government regulations, spectrum licensing requirements, and privacy laws can be complex and costly. Changes in regulations or legal restrictions may impact Iridium's ability to provide its services in certain regions, affecting its market reach and growth potential.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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