Is Iridium Communications (IRDM) overvalued or fairly valued?

MarketChacha shows Iridium Communications's valuation in context — a trailing P/E of about 52.3, a forward P/E of about 25.7, a price-to-book of about 9.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Iridium Communications's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (4.50×) from reported figures — education, not a rating.

What is Iridium Communications's revenue?

Iridium Communications reported revenue of $871.7M for FY2025, with net profit of $114.4M, per official filings.

What is the share price of Iridium Communications (IRDM)?

Iridium Communications last traded at $43.94 (-0.5% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Iridium Communications

IRDM · NYSE · Communication Services · United States

Snapshot

TickerIRDM

ExchangeNYSE

SectorCommunication Services

IndustryTelecom Services

CountryUnited States

Employees975

HeadquartersMcLean, United States

Websitewww.iridium.com

Filings tracked16

About Iridium Communications

Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and foreign governments, non-governmental organizations, and consumers in the United States, Canada, and internationally. The company offers mobile satellite communications services for land mobile end users and aviation sectors; broadband terminals, embedded devices, and handsets for merchant shipping, fishing, leisure and research vessels, and specialized watercraft; satellite-based IoT services; hosted payload and other data services; and other data services and engineering services. It also provides postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; Internet of Things (IoT); and satellite time and location services. In addition, the company offers personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; and mobile communications and data devices for the military and other government agencies, such as secure satellite handsets; and maintenance services for the U.S. government's dedicated gateway. Further, it provides satellite handsets, voice and data modems, broadband data devices, and IoT data devices; and various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, and charging units. The company sells its products and services to commercial end users through a wholesale distribution network that includes service providers, and value-added resellers and value-added manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. is headquartered in McLean, Virginia.

Who owns it

Insiders11.9%
Institutions88.1%
Public & other0.0%

619 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.12.69%
AQR Capital Management, LLC6.46%
Vanguard Portfolio Management LLC5.13%
American Century Companies Inc4.58%
State Street Corporation4.47%
Vanguard Capital Management LLC3.99%
Silver Heights Capital Management Inc.3.09%
Gotham Asset Management, LLC2.37%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion4.50×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend1.9% → 13.1%

Margin has expanded by about 11.2 points — the business is getting more profitable.

Return on equity24.7%

Latest ROE of 24.7% — capital is generating a healthy return.

Growth qualityrev 5% · PAT 172%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $235.6M · EPS 0.37

Est. earnings growth +80.8%

Next fiscal year

Rev $995.1M · EPS 1.72

Est. earnings growth +58.8%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$871.7M

Net margin

13.1%

ROE

24.7%

Revenue CAGR (2y)

+5.0%

Profit CAGR (2y)

+172.4%

EPS (FY2025)

1.06

Net profit (FY2025)

$114.4M

Ask MarketChacha about IRDM

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$871.7M	$114.4M	1.06	13.1%	24.7%
FY2024	$830.7M	$112.8M	0.94	13.6%	19.6%
FY2023	$790.7M	$15.4M	0.12	1.9%	1.7%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$225.2M	$9.7M	0.09	4.3%
2026Q1	$219.1M	$21.6M	0.20	9.9%
2025Q3	$226.9M	$37.1M	0.35	16.4%
2025Q2	$216.9M	$22.0M	0.20	10.1%
2025Q1	$214.9M	$30.4M	0.27	14.2%
2024Q3	$212.8M	$24.4M	0.21	11.5%
2024Q2	$201.1M	$32.3M	0.27	16.1%
2024Q1	$203.9M	$19.7M	0.16	9.6%
2023Q3	$197.6M	$-1.6M	-0.01	-0.8%
2023Q2	$193.1M	$-30.7M	-0.24	-15.9%
2023Q1	$205.3M	$9.8M	0.08	4.8%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Bylaw/charter change, Reg FD disclosure, Exhibits
SEC8/10/2026material
10-Q filing
SEC7/22/2026
8-K — Results of operations, Exhibits
SEC7/22/2026material
8-K — Material agreement, Material financial obligation, Executive/director change, Reg FD disclosure, Exhibits
SEC7/7/2026material
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC6/29/2026material
8-K — Executive/director change, Shareholder vote results, Reg FD disclosure, Exhibits
SEC5/20/2026material
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC5/14/2026material
8-K — Results of operations, Exhibits
SEC4/23/2026material
10-Q filing
SEC4/23/2026
8-K — Reg FD disclosure
SEC3/5/2026material
8-K — Executive/director change
SEC2/27/2026material
8-K — Results of operations, Exhibits
SEC2/12/2026material
10-K filing
SEC2/12/2026

2025

8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC12/4/2025material
8-K — Results of operations, Exhibits
SEC10/23/2025material
10-Q filing
SEC10/23/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.