Flash FinanceUS
Market closed · weekend S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Iridium Communications (IRDM)

Iridium Q4 2025 Revenue Flat, Net Income Falls; 2026 OEBITDA Guided to $480M-$490M

Mixed Impact 4 of 5 earnings Written later

Iridium reported fourth-quarter 2025 total revenue of $212.9 million, flat from a year earlier, while net income fell to $24.9 million from $36.3 million. For full-year 2025, revenue rose 5% to $871.7 million and diluted EPS rose 13% to $1.06, and the company gave 2026 OEBITDA guidance of $480 million to $490 million, which includes a $17 million impact from paying incentive compensation entirely in cash.

Key points

  • Q4 2025 net income was $24.9 million, or $0.24 per diluted share, versus $36.3 million, or $0.32, in Q4 2024; Q4 OEBITDA was $115.3 million, down 2%.
  • Full-year 2025 net income was $114.4 million, up from $112.8 million, and OEBITDA was $495.3 million, up 5%.
  • 2026 outlook: service revenue growth of flat to 2% and OEBITDA of $480 million to $490 million; without the incentive compensation change, OEBITDA would have been projected at $497 million to $507 million.
  • Net leverage was 3.4 times OEBITDA at December 31, 2025, with a target of at or below 3.0 times by the end of 2026.

The filing

CompanyIridium Communications (IRDM)
Form8-K, current report
Filed with the SECFeb 12, 2026, 7:00 AM ET
Accession number0001418819-26-000008

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 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 February 12, 2026.

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.