Iridium Communications Inc. logo IRDM - Iridium Communications Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 5
HOLD 5
SELL 3
STRONG
SELL
0
| PRICE TARGET: $37.00 DETAILS
HIGH: $45.00
LOW: $26.00
MEDIAN: $40.00
CONSENSUS: $37.00
DOWNSIDE: 24.24%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue
Revenue 871.7 830.7 790.7 721.0 614.5 583.4 560.4 523.0 448.0 433.6 411.4 408.6 382.6 383.5 384.3 348.2 76.0 0 0
Cost of Revenue 197.6 433.7 507.6 504.6 455.8 445.9 442.8 361.1 247.1 158.6 152.9 187.2 186.4 193.3 219.9 224.9 59.1 0 0
Gross Profit 674.1 397.0 283.1 216.4 158.7 137.6 117.6 161.9 200.9 275.0 258.4 221.3 196.3 190.2 164.4 123.3 16.9 0 0
Operating Expenses
R&D Expenses 19.8 28.4 20.3 16.2 11.9 12.0 14.3 22.4 15.2 16.1 16.1 17.6 11.1 15.5 18.7 19.2 6.0 0 0
SG&A Expenses 157.7 165.1 143.7 123.5 100.5 90.1 93.2 97.8 84.4 82.6 81.4 78.6 75.2 67.6 65.7 66.7 17.0 2.3 0
Other Expenses 260.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6.2 0.3 0.0
Operating Expenses 438.1 193.5 164.0 139.7 112.4 102.1 107.5 120.3 99.7 98.6 97.6 96.2 86.4 83.1 84.4 85.9 29.2 2.6 0.0
Operating Income
Operating Income 236.0 203.5 119.1 76.7 46.3 35.5 10.1 41.7 101.3 176.4 160.8 125.1 109.9 107.1 80.0 37.4 (12.3) (2.6) (0.0)
Interest Expense 88.3 102.8 102.3 72.1 73.9 98.6 140.1 55.1 0.0 0 3.3 5.8 7.7 0 0.0 1.7 0.4 0.0 0.0
Interest Income 0 11.6 11.9 7.0 0 4.3 24.7 0 4.3 2.9 3.1 3.6 2.3 1.1 1.2 2.4 1.3 5.6 0
Profitability
EBITDA 446.2 415.7 380.1 386.1 350.4 312.8 219.7 252.7 241.9 228.9 128.2 192.8 193.2 174.1 159.3 128.0 (23.6) 3.0 (0.0)
EBIT 236.0 212.5 97.6 82.6 45.0 9.6 (78.0) 34.5 119.6 179.5 76.4 122.3 118.2 95.0 64.6 37.3 (45.1) 3.0 (0.0)
Income Before Tax 142.0 125.0 (10.8) 9.0 (28.9) (89.0) (218.1) (20.6) 119.6 178.2 73.1 116.5 110.5 95.0 64.6 35.6 (45.5) 3.0 (0.0)
Income Tax Expense 27.6 12.3 (26.3) 0.3 (19.6) (32.9) (56.1) (7.3) (114.3) 67.1 66.0 41.5 47.9 30.4 24.9 12.9 (1.3) 1.4 0
Net Income 114.4 112.8 15.4 8.7 (9.3) (56.1) (162.0) (13.4) 233.9 111.0 7.1 75.0 62.5 64.6 39.7 22.7 (44.4) 1.7 (0.0)
Per Share Data
EPS (Basic) 1.07 0.95 0.12 0.07 -0.07 -0.42 -1.29 -0.12 2.22 1.00 -0.09 0.67 0.72 0.85 0.57 0.28 -0.82 0.04 -0.00
EPS (Diluted) 1.06 0.94 0.12 0.07 -0.07 -0.42 -1.29 -0.12 2.22 1.00 -0.09 0.67 0.72 0.85 0.56 0.27 -0.82 0.04 -0.00
Shares Outstanding 107.2 118.6 122.8 128.3 133.5 133.5 125.2 109.0 97.9 95.9 95.1 91.4 76.7 76.1 72.2 70.3 54.0 43.3 11.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008
Current Assets
Cash & Cash Equivalents 96.5 93.5 71.9 168.8 320.9 237.2 223.6 273.4 285.9 371.2 147.2 0.1
Short-Term Investments 0 0 0 0 0 7.5 0 0 11.8 39.3 0 0
Net Receivables 93.8 98.8 91.7 82.3 63.4 61.2 68.7 71.2 68.0 57.4 41.2 0
Inventory 73.8 81.3 91.1 39.8 29.0 32.5 39.9 27.5 20.1 18.2 25.7 0
Other Current Assets 12.5 19.1 16.4 15.4 11.0 5.6 10.7 18.3 25.3 30.7 7.0 0
Total Current Assets 276.5 292.7 271.1 306.2 424.4 344.0 342.9 390.4 411.1 516.8 221.1 0.1
Non-Current Assets
Property, Plant & Equipment 1,978.2 2,094.8 2,211.9 2,450.2 2,682.7 2,941.1 3,207.8 3,370.9 3,210.2 2,813.1 386.7 0
Goodwill 98.9 98.2 0 0 0 0 0 0 0 0 95.4 0
Intangible Assets 86.9 90.9 41.1 42.6 44.0 45.5 47.0 48.5 50.0 45.8 92.5 0
Long-Term Investments 56.8 89.8 133.6 142.2 4.9 0 0.8 191.9 102.4 113.1 15.5 401.8
Other Non-Current Assets 33.7 3.2 2.3 12.8 23.7 26.5 23.5 12.6 8.4 (155.3) 1.1 0
Total Non-Current Assets 2,254.5 2,378.7 2,390.7 2,647.8 2,756.4 3,017.0 3,280.6 3,623.9 3,371.0 2,982.9 587.8 403.0
Total Assets 2,531.0 2,671.5 2,661.8 2,954.0 3,180.8 3,360.9 3,623.6 4,014.3 3,782.1 3,499.6 827.3 403.2
Current Liabilities
Account Payables 17.7 19.7 28.7 21.4 16.2 14.4 6.7 12.9 43.1 11.1 7.9 0
Short-Term Debt 3.4 38.2 19.3 20.3 20.2 20.6 14.3 126 85.5 0 0 0
Deferred Revenue 41.1 51.6 33.1 35.7 28.0 32.4 39.1 37.4 38.4 34.1 20.0 0
Other Current Liabilities 45.4 59.8 50.5 64.2 44.4 45.7 53.7 86.4 47.2 38.0 55.6 1.6
Total Current Liabilities 111.7 169.2 131.6 141.6 108.8 113.1 113.8 262.7 214.2 83.2 88.9 1.6
Non-Current Liabilities
Long-Term Debt 1,757.1 1,757.8 1,467.5 1,470.7 1,581.5 1,596.9 1,765.5 1,829.7 1,618.1 1,657.1 0 0
Deferred Tax Liabilities 130.5 114.1 114.6 151.6 134.3 155.1 188.7 241.4 246.2 361.7 95.0 0
Other Non-Current Liabilities 28.8 4.4 1.9 0.6 0.6 1.9 2.4 4.2 59.5 17.5 16.2 0
Total Non-Current Liabilities 1,956.7 1,925.6 1,642.1 1,683.9 1,784.0 1,828.4 2,050.5 2,150.0 1,971.4 2,072.7 111.2 131.3
Total Liabilities 2,068.4 2,094.8 1,773.7 1,825.5 1,892.8 1,941.5 2,164.3 2,412.7 2,185.6 2,155.9 181.1 132.9
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0
Retained Earnings (418.6) (406.1) (235.4) (47.7) 140.8 275.9 332.0 501.7 518.8 288.8 (42.7) 1.7
Accumulated Other Comprehensive Income 0.4 18.3 33.9 51.6 (7.1) (17.2) (6.9) (8.8) (3.8) (5.4) 0.0 0
Total Stockholders' Equity 462.6 576.6 888.1 1,128.6 1,287.9 1,419.4 1,459.3 1,601.6 1,596.5 1,343.8 627.5 270.3
Total Liabilities & Equity 2,531.0 2,671.5 2,661.8 2,954.0 3,180.8 3,360.9 3,623.6 4,014.3 3,782.1 3,499.6 827.3 403.2
Debt Metrics
Total Debt 1,760.5 1,807.0 1,500.9 1,506.8 1,621.3 1,640.8 1,806.6 1,955.7 1,703.6 1,657.1 0 120.0
Net Debt 1,664.0 1,713.5 1,429.0 1,338 1,300.4 1,403.6 1,583.1 1,682.4 1,417.7 1,286.0 (147.2) 119.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Operating Activities
Net Income 114.4 112.8 15.4 8.7 (9.3) (56.1) (162.0) (13.4) 233.9 111.0
Depreciation & Amortization 210.2 203.1 320 303.5 305.4 303.2 297.7 218.2 122.3 49.4
Stock-Based Compensation 51.6 63.5 57.5 43.7 26.8 16.7 15.1 14.5 16.0 13.7
Change in Working Capital (7.7) 2.0 (56.7) (17.9) (3.6) (15.4) (30.4) 35.1 17.5 (15.6)
Other Non-Cash Items 9.4 (12.0) 10.6 7.9 4.9 35.0 131.6 17.6 (14.1) 2.8
Operating Cash Flow 400.1 376.0 314.9 344.7 302.9 249.8 198.1 263.7 259.6 225.2
Investing Activities
Capital Expenditure (100.3) (69.9) (73.5) (71.3) (42.1) (38.7) (117.8) (391.4) (400.1) (405.7)
Acquisitions 0 (110.7) 0 0 42.1 (0.2) 0 391.4 400.1 494.8
Purchases of Investments 0 0 0 (50) (1.6) (7.8) (10) (235.5) (7.0) (19.9)
Sales/Maturities of Investments 0 0 0 0 7.4 7.9 0 248.0 34.4 183.2
Other Investing Activities 0 0 (10) 0 (42.1) (7.8) 0 (391.4) (400.1) (494.8)
Investing Cash Flow (100.3) (180.6) (83.5) (121.3) (36.4) (46.5) (127.8) (378.9) (372.7) (242.4)
Financing Activities
Net Debt Issuance (33.0) 305.6 (8.4) (116.5) (16.5) (193.8) (313.8) 219.7 22.2 251.5
Stock Repurchased (186.5) (407.7) (247.0) (257.1) (163.4) 0 0 (2.0) (1.9) (0.6)
Dividends Paid (62.9) (64.7) (64.8) 0 0 0 (8.4) (15.4) (3.9) (15.4)
Other Financing Activities (18.7) (3.6) (6.9) (5.3) (2.5) (7.1) (4.6) (8.8) (1.5) (11.3)
Financing Cash Flow (299.9) (170.5) (327.1) (375.0) (182.5) (188.2) (313.3) 193.5 16.9 224.2
Cash Position
Net Change in Cash 3.0 21.7 (96.9) (152.1) 83.7 13.6 (49.8) 77.0 (96.0) 185.5
Cash at Beginning 93.5 71.9 168.8 320.9 237.2 223.6 273.4 388.3 484.3 185.7
Cash at End 96.5 93.5 71.9 168.8 320.9 237.2 223.6 465.3 388.3 371.2
Free Cash Flow 299.8 306.1 241.4 273.5 260.7 211.1 80.3 (127.7) (140.5) (180.5)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Income Statement
Revenue 871.7 830.7 790.7 721.0 614.5 583.4 560.4 523.0 448.0 433.6 411.4 408.6 382.6 383.5 384.3 348.2 76.0 0 0
Gross Profit 674.1 397.0 283.1 216.4 158.7 137.6 117.6 161.9 200.9 275.0 258.4 221.3 196.3 190.2 164.4 123.3 16.9 0 0
Operating Income 236.0 203.5 119.1 76.7 46.3 35.5 10.1 41.7 101.3 176.4 160.8 125.1 109.9 107.1 80.0 37.4 (12.3) (2.6) (0.0)
Net Income 114.4 112.8 15.4 8.7 (9.3) (56.1) (162.0) (13.4) 233.9 111.0 7.1 75.0 62.5 64.6 39.7 22.7 (44.4) 1.7 (0.0)
EPS (Diluted) 1.06 0.94 0.12 0.07 -0.07 -0.42 -1.29 -0.12 2.22 1.00 -0.09 0.67 0.72 0.85 0.56 0.27 -0.82 0.04 -0.00
Balance Sheet
Cash & Equivalents 96.5 93.5 71.9 168.8 320.9 237.2 223.6 273.4 285.9 371.2 147.2 0.1
Total Assets 2,531.0 2,671.5 2,661.8 2,954.0 3,180.8 3,360.9 3,623.6 4,014.3 3,782.1 3,499.6 827.3 403.2
Total Debt 1,760.5 1,807.0 1,500.9 1,506.8 1,621.3 1,640.8 1,806.6 1,955.7 1,703.6 1,657.1 0 120.0
Stockholders' Equity 462.6 576.6 888.1 1,128.6 1,287.9 1,419.4 1,459.3 1,601.6 1,596.5 1,343.8 627.5 270.3
Cash Flow
Operating Cash Flow 400.1 376.0 314.9 344.7 302.9 249.8 198.1 263.7 259.6 225.2
Capital Expenditure (100.3) (69.9) (73.5) (71.3) (42.1) (38.7) (117.8) (391.4) (400.1) (405.7)
Free Cash Flow 299.8 306.1 241.4 273.5 260.7 211.1 80.3 (127.7) (140.5) (180.5)