| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 219.06 | 1.9% |
| Total Income | 219.06 | 1.9% |
| Expenditure | 168.34 | 9.0% |
| PBT | 31.15 | 15.5% |
| Net Profit | 21.59 | 29.0% |
| OPM | 23.15% | 4.95pp |
| NPM | 9.86% | 4.29pp |
| EPS | 0.20 | 28.6% |
Iridium Reports Q1 2026 Revenue of $219.1 Million, Up 2% YoY
23 Apr 2026 · 23 Apr, 4:30 pm
Summary
Iridium Communications Inc. reported its financial results for the first quarter of 2026, with total revenue reaching $219.1 million, a 2% increase year-over-year. Service revenue grew by 2% to $158.0 million, making up 72% of the total revenue. Net income was reported at $21.6 million, or $0.20 per diluted share. The company reiterated its full-year 2026 outlook, projecting total service revenue to be flat to 2% for the year.
Key Highlights
- 1
Iridium reported first quarter total revenue of $219.1 million, an increase of 2% compared to the same period in 2025.
- 2
Service revenue for the first quarter of 2026 was $158.0 million, representing 72% of total revenue and growing 2% year-over-year.
- 3
Net income for the first quarter of 2026 was $21.6 million, or $0.20 per diluted share, compared to $30.4 million, or $0.27 per diluted share, in the first quarter of 2025.
- 4
Operational EBITDA for the first quarter was $116.3 million, compared to $122.1 million for the prior-year period.
- 5
The company ended the first quarter with 2,555,000 total billable subscribers, up 5% year-over-year.
- 6
Commercial service revenue was $130.4 million, up 2% from the comparable period last year.
- 7
Government service revenue grew 3% to $27.6 million in the first quarter, reflecting contractual rate increases.
Management Comments
Matt Desch
2026 is off to a solid start, as we continue to grow service revenue and introduce new products, like our next-generation IoT platform. We continue to invest in key areas of differentiation, which offer attractive opportunities for growth, including IoT, PNT, national security missions and aviation safety services.
Informational and educational content only. Not investment advice.