Iridium (IRDM) | Financial Analysis & Statements

Iridium Communications Inc. | Mid-cap | Communication Services

$31.87

-0.47%

Iridium vs T-Mobile US Iridium vs AT&T Iridium vs Frontier Iridium vs Tim S.A. ADR Iridium vs Millicom Iridium vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 830.7M

Gross Profit 600.1M 72.24%

Operating Income 200.4M 24.12%

Net Income 112.8M 13.58%

EPS (Diluted) $0.94

Balance Sheet Metrics

Total Assets 2.7B

Total Liabilities 2.1B

Shareholders Equity 576.6M

Debt to Equity 3.63

Cash Flow Metrics

Operating Cash Flow 384.4M

Free Cash Flow 306.1M

Revenue & Profitability Trend

Interactive Financial Charts Not Available

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Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Iridium Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	830.7M	790.7M	721.0M	614.5M	583.4M
Cost of Goods Sold	230.6M	225.1M	201.1M	150.4M	142.7M
Gross Profit	600.1M	565.6M	519.9M	464.1M	440.7M
Operating Expenses	196.6M	164.0M	139.7M	112.4M	102.1M
Operating Income	200.4M	81.6M	76.7M	46.3M	35.5M
Pre-tax Income	109.8M	-4.7M	10.5M	-28.9M	-89.0M
Income Tax	12.3M	-26.3M	292.0K	-19.6M	-32.9M
Net Income	112.8M	15.4M	8.7M	-9.3M	-56.1M
EPS (Diluted)	$0.94	$0.12	$0.07	-$0.07	-$0.42

Income Statement Trend

Iridium Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	292.7M	271.1M	306.2M	424.4M	347.8M
Non-Current Assets	2.4B	2.4B	2.6B	2.8B	3.0B
Total Assets	2.7B	2.7B	3.0B	3.2B	3.4B
Liabilities
Current Liabilities	169.2M	131.6M	141.6M	108.8M	113.1M
Non-Current Liabilities	1.9B	1.6B	1.7B	1.8B	1.8B
Total Liabilities	2.1B	1.8B	1.8B	1.9B	1.9B
Equity
Total Shareholders Equity	576.6M	888.1M	1.1B	1.3B	1.4B

Balance Sheet Composition

Iridium Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	112.8M	15.4M	8.7M	-9.3M	-56.1M
Operating Cash Flow	384.4M	305.1M	340.3M	296.5M	234.1M
Investing Activities
Capital Expenditures	-	-	-	-	-
Investing Cash Flow	-110.7M	-10.0M	-100.0M	5.8M	-7.8M
Financing Activities
Dividends Paid	-64.7M	-64.8M	0	0	0
Financing Cash Flow	-173.9M	-331.0M	-378.9M	-189.9M	-200.9M
Free Cash Flow	306.1M	241.4M	273.5M	260.7M	211.1M

Cash Flow Trend

Iridium Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 27.81

Forward P/E 30.42

Price to Book 6.12

Price to Sales 3.75

PEG Ratio 30.42

Profitability Ratios

Profit Margin 14.68%

Operating Margin 28.10%

Return on Equity 18.01%

Return on Assets 4.97%

Financial Health

Current Ratio 1.98

Debt to Equity 348.54

Beta 0.75

Per Share Data

EPS (TTM) $1.05

Book Value per Share $4.77

Revenue per Share $7.31

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
irdm	3.2B	27.81	6.12	18.01%	14.68%	348.54
T-Mobile US	260.9B	22.42	4.28	19.35%	14.41%	199.15
AT&T	204.0B	17.38	1.96	10.89%	9.64%	119.25
Frontier	9.1B	262.45	1.86	-7.64%	-6.47%	238.73
Tim S.A. ADR	9.3B	14.91	1.90	13.87%	13.33%	64.59
Millicom	6.1B	17.51	1.80	11.89%	6.22%	213.21

Financial data is updated regularly. All figures are in the company's reporting currency.