Iridium Q3 revenue rises 7% to $226.9 million; service revenue growth outlook narrowed to about 3%
Iridium reported third-quarter 2025 total revenue of $226.9 million, up 7%, and net income of $37.1 million, or $0.35 per diluted share, versus $24.4 million, or $0.21, a year earlier. The company trimmed its full-year service revenue growth outlook to about 3% from 3% to 5%, while raising the low end of its full-year OEBITDA guidance and paying a dividend that rises 5% for the year.
Key points
- Q3 OEBITDA was $136.6 million, up 10% from $124.4 million; total billable subscribers reached 2,542,000, up 2%.
- Full-year 2025 service revenue growth guidance is about 3%, down from the previous 3% to 5% range; full-year OEBITDA guidance is $495 million to $500 million, up from $490 million to $500 million.
- The share repurchase program has been paused; the company repurchased 1.9 million shares for $50.0 million in the quarter, with $245.3 million still authorized through December 31, 2027.
- Net leverage was 3.5 times trailing twelve-month OEBITDA at quarter end; the company expects net leverage below 3.5 times in 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.