On October 23, 2025, Iridium Communications Inc. (NASDAQ: IRDM) announced its third‑quarter 2025 financial results, reporting total revenue of $226.9 million, a 7% year‑over‑year increase, and service revenue of $165.2 million, up 3% from the same period in 2024. The company’s service revenue accounted for 73% of total revenue, while equipment sales and engineering and support projects contributed $61.7 million. 2,542,000 billable subscribers were recorded, a 2% year‑over‑year rise driven largely by growth in commercial IoT.
Iridium reported net income of $37.1 million, or $0.35 per diluted share, compared with $24.4 million ($0.21 EPS) in Q3 2024. Operational EBITDA reached $136.6 million, up 10% from $124.4 million in the prior year. The company also highlighted a 5% increase in its quarterly dividend, now $0.15 per share, and a share‑repurchase program that bought 1.9 million shares for $50 million.
The press release noted that Iridium’s cash and cash equivalents stood at $88.5 million and that net leverage was 3.5× trailing‑twelve‑month OEBITDA. Management updated its full‑year 2025 outlook for service revenue growth and OEBITDA, signaling continued confidence in its growth trajectory. The announcement marked a significant earnings event for IRDM, providing investors with updated financial performance and guidance.
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