Company: IRDM
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001418819-25-000009
Chunk: 93

Company: Iridium Communications Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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 thousands) Cash and cash equivalents: Cash$28,132 $16,913  Money market funds60,401 76,613 Level 2Total cash and cash equivalents$88,533 $93,526  

 4. Intangible Assets and Goodwill

Intangible AssetsThe following tables present identifiable intangible assets: September 30, 2025UsefulLifeGrossCarrying ValueAccumulatedAmortizationNetCarrying Value (In thousands)Indefinite life intangible assets: Trade namesIndefinite$21,195 $— $21,195 Spectrum and licensesIndefinite14,030 — 14,030 Total 35,225 — 35,225 Definite life intangible assets: Intellectual property20 years16,439 (11,745)4,694 Patents14 - 20 years587 (239)348 Customer relationships12 years57,000 (9,352)47,648 Total 74,026 (21,336)52,690 Total intangible assets $109,251 $(21,336)$87,915 

9

 December 31, 2024UsefulLifeGrossCarrying ValueAccumulatedAmortizationNetCarrying Value (In thousands)Indefinite life intangible assets: Trade namesIndefinite$21,195 $— $21,195 Spectrum and licensesIndefinite14,030 — 14,030 Total 35,225 — 35,225 Definite life intangible assets: Intellectual property20 years16,439 (11,420)5,019 Patents14 - 20 years587 (209)378 Customer relationships12 years57,000 (6,745)50,255 Total 74,026 (18,374)55,652 Total intangible assets $109,251 $(18,374)$90,877 Amortization expense was $1.0 million and $2.4 million for the three months ended September 30, 2025 and September 30, 2024, respectively, and $3.0 million and $4.9 million for the nine months ended September 30, 2025 and September 30, 2024, respectively.G