Financial insights of IRDM

MyFinsight

For the year ending 2025-12-31, IRDM made $871,659K in revenue. $96,507K in net income. Net profit margin of 11.07%.

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

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Total revenue	871,659	830,682	790,723	721,034
Cost of product and service sold-Service	197,577	178,140	158,710	115,137
Cost of product and service sold-Manufactured Product Other	50,426	52,427	66,410	86,012
Research and development	19,758	28,422	20,269	16,218
Selling, general and administrative	157,711	168,182	143,706	123,504
Depreciation and amortization	210,207	203,127	320,000	303,484
Total operating expenses	635,679	630,298	709,095	644,355
Operating income	235,980	200,384	81,628	76,679
Interest expense, net	-88,252	-91,134	-90,387	-65,089
Gain (loss) on extinguishment of debt	-	0	0	-1,187
Other income (expense), net	-2,915	534	4,012	107
Total other expense	-91,167	-90,600	-86,375	-67,665
Income (loss) before income taxes and equity in net earnings of affiliates	144,813	109,784	-4,747	9,014
Income tax (expense) benefit	27,618	12,259	-26,251	292
(gain) loss on equity method investments	-2,823	15,251	-6,089	-1,496
Net income	114,372	112,776	15,415	8,722
Unrealized gain (loss) on cash flow hedges, net of tax	-	-12,493	-17,598	58,668
Foreign currency translation adjustments	3,064	-3,143	-58	-53
Loss from components excluded from assessment of cash flow hedge effectiveness	-20,929	-	-	-
Comprehensive income (loss)	96,507	97,140	-2,241	67,337

Earnings per share, basic and diluted	1.07	0.95	0.12	0.07
Earnings per share, diluted	1.06	0.94	-	-
Weighted average number of shares outstanding, diluted	107,837,000	119,792,000	127,215,000	130,134,000
Weighted average shares outstanding - basic	107,240,000	118,566,000	125,598,000	128,255,000