Quarterly ResultApr 23, 2026, 07:07 AM
Iridium Communications Reports Q1 2026 Financials; Cash Up to $111.6M
AI Summary
Iridium Communications Inc. filed its Form 10-Q for the quarter ended March 31, 2026. The company reported an increase in cash and cash equivalents to $111.6 million, up from $96.5 million at the end of 2025. Total current assets also grew to $309.1 million, primarily driven by higher accounts receivable and prepaid expenses, while inventory saw a slight decrease.
Key Highlights
- Cash and cash equivalents increased to $111.6 million as of March 31, 2026.
- Accounts receivable, net, rose to $104.4 million.
- Total current assets reached $309.1 million for the quarter.
- Inventory decreased to $69.7 million from $73.8 million.
- 105,727,744 shares of common stock outstanding as of April 16, 2026.
Price Impact
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