Company: IRDM
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001418819-25-000009
Chunk: 34

Company: Iridium Communications Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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640 2 %19,899 3 %(5,259)(26)%Selling, general and administrative115,887 18 %127,487 21 %(11,600)(9)%Depreciation and amortization157,479 24 %151,680 24 %5,799 4 %Total operating expenses477,988 73 %469,422 76 %8,566 2 %Operating income180,731 27 %148,269 24 %32,462 22 %Other expense:Interest expense, net(67,169)(10)%(68,706)(11)%1,537 (2)%Other expense, net(2,184)— %(291)— %(1,893)651 %Total other expense, net(69,353)(10)%(68,997)(11)%(356)1 %Income before income taxes and gain (loss) on equity method investments111,378 17 %79,272 13 %32,106 41 %Income tax expense(19,629)(3)%(18,501)(3)%(1,128)6 %Gain (loss) on equity method investments(2,242)— %15,664 3 %(17,906)(114)%Net income$89,507 14 %$76,435 13 %$13,072 17 %

23

Revenue

Commercial Service Revenue 

Nine Months Ended September 30,20252024ChangeRevenueBillableSubscribers (1)ARPU (2)RevenueBillableSubscribers (1)ARPU (2)RevenueBillableSubscribersARPU(Revenue in millions and subscribers in thousands)Commercial services:Voice and data$172.7 411 $46 $169.1 422 $45 $3.6 (11)$1 IoT data 135.3 1,991 7.75 124.8 1,902 7.68 10.5 89 0.07 Broadband (3)38.6 16.3 261 42.7 16.7 284 (4.1)(0.4)(23)Hosted payload and other data48.1 N/A44.8 N/A3.3 N/ATotal commercial services$394.7