Iridium Communications Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	871.66	830.68	790.72	721.03	614.5
Revenue Growth (YoY)	4.93%	5.05%	9.66%	17.34%	5.32%
Cost of Revenue	248	230.57	225.12	201.15	150.4
Gross Profit	623.66	600.12	565.6	519.89	464.1
Selling, General & Admin	157.71	168.18	143.71	123.5	100.47
Research & Development	19.76	28.42	20.27	16.22	11.89
Operating Expenses	387.68	399.73	446.48	443.21	417.79
Operating Income	235.98	200.38	119.13	76.68	46.31
Interest Expense	-93.53	-97.72	-97.24	-69.5	-73.91
Interest & Investment Income	5.28	6.58	6.85	4.41	-
Earnings From Equity Investments	-2.82	15.25	-6.09	-1.5	-
Other Non Operating Income (Expenses)	-2.92	0.53	4.01	0.11	-0.42
EBT Excluding Unusual Items	141.99	125.04	26.66	10.2	-28.01
Asset Writedown	-	-	-37.5	-	-
Other Unusual Items	-	-	-	-1.19	-0.88
Pretax Income	141.99	125.04	-10.84	9.01	-28.89
Income Tax Expense	27.62	12.26	-26.25	0.29	-19.57
Net Income	114.37	112.78	15.42	8.72	-9.32
Net Income to Common	114.37	112.78	15.42	8.72	-9.32
Net Income Growth	1.42%	631.60%	76.74%	-	-
Shares Outstanding (Basic)	107	119	126	128	134
Shares Outstanding (Diluted)	108	120	127	130	134
Shares Change (YoY)	-9.98%	-5.83%	-2.24%	-2.54%	0.03%
EPS (Basic)	1.07	0.95	0.12	0.07	-0.07
EPS (Diluted)	1.06	0.94	0.12	0.07	-0.07
EPS Growth	12.77%	683.33%	76.46%	-	-
Free Cash Flow	299.79	306.07	241.43	273.46	260.73
Free Cash Flow Per Share	2.78	2.56	1.90	2.10	1.95
Dividend Per Share	0.580	0.520	0.520	-	-
Dividend Growth	11.54%	-	-	-	-
Gross Margin	71.55%	72.24%	71.53%	72.10%	75.52%
Operating Margin	27.07%	24.12%	15.07%	10.63%	7.54%
Profit Margin	13.12%	13.58%	1.95%	1.21%	-1.52%
Free Cash Flow Margin	34.39%	36.84%	30.53%	37.93%	42.43%
EBITDA	446.19	403.51	401.63	380.16	351.75
EBITDA Margin	51.19%	48.58%	50.79%	52.73%	57.24%
D&A For EBITDA	210.21	203.13	282.5	303.48	305.43
EBIT	235.98	200.38	119.13	76.68	46.31
EBIT Margin	27.07%	24.12%	15.07%	10.63%	7.54%
Effective Tax Rate	19.45%	9.80%	-	3.24%	-
Revenue as Reported	871.66	830.68	790.72	721.03	614.5
Advertising Expenses	1.4	1.3	1.4	1.7	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.