IRDM: the balance sheet

MyFinsight

For the year ending 2025-12-31, IRDM has $2,531,009K in assets. $2,068,409K in debts. $96,501K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
247.61%
Quick Ratio
181.55%
Cash Ratio
86.42%
Debt to Asset Ratio
81.72%
Unit: Thousand (K) dollars
Assets Breakdown
Total depreciable property and e...
Less accumulated depreciation
Construction in progress, gross
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Deferred income tax liabilities,...
Others

Balance Sheets	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	96,501	93,526	71,870	168,770
Accounts receivable, net	93,772	98,803	91,715	82,273
Inventory	73,764	81,283	91,135	39,776
Prepaid expenses and other current assets	12,466	19,118	16,364	15,385
Total current assets	276,503	292,730	271,084	306,204
Total depreciable property and equipment	3,961,774	-	-	-
Less accumulated depreciation	2,195,722	-	-	-
Land	8,037	-	-	-
Spare satellites	45,441	-	-	-
Construction in progress, gross	158,623	-	-	-
Total property and equipment, net of accumulated depreciation	1,978,153	2,080,544	2,195,758	2,433,305
Equity method investments	39,773	42,516	67,130	49,853
Other assets	50,710	66,618	86,708	122,072
Intangible assets, net	86,928	90,877	41,095	42,577
Goodwill	98,942	98,186	-	-
Total assets	2,531,009	2,671,471	2,661,775	2,954,011

Short-term debt	3,402	33,118	15,000	-
Accounts payable	17,676	19,715	28,671	21,372
Short-term secured debt	-	-	-	16,500
Accrued expenses and other current liabilities	49,465	64,811	54,826	67,963
Deferred revenue	41,127	51,570	33,057	35,742
Total current liabilities	111,670	169,214	131,554	141,577
Total long term debt, net	1,757,124	1,757,767	1,467,490	-
Long-term secured debt, net	-	-	-	1,470,685
Deferred income tax liabilities, net	130,529	114,140	114,642	151,569
Deferred revenue, net of current portion	40,316	38,259	43,965	45,265
Other long-term liabilities	28,770	15,454	16,025	16,360
Total liabilities	2,068,409	2,094,834	1,773,676	1,825,456
Common stock, 0.001 par value, 300,000 shares authorized, 125,902 and 131,342 shares issued and outstanding at december 31, 2022 and 2021, respectively	-	-	-	126
Common stock, 0.001 par value, 300,000 shares authorized, 104,918 and 110,357 shares issued and outstanding at december 31, 2025 and 2024, respectively-Common Stock	105	110	123	-
Additional paid-in capital	880,643	964,348	1,089,466	1,124,610
Accumulated deficit	-418,554	-406,092	-235,397	-47,744
Accumulated other comprehensive income, net of tax	406	18,271	33,907	51,563
Total stockholders equity	462,600	576,637	888,099	1,128,555
Total liabilities and stockholders equity	2,531,009	2,671,471	2,661,775	2,954,011

Unit: Thousand (K) dollars (except for numbers of shares and EPS).

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Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets