Company: IRDM
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001418819-25-000009
Chunk: 108

Company: Iridium Communications Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 totaled $2.0 million as of each of September 30, 2025 and December 31, 2024.Under two services agreements, the Company also provides Aireon with administrative services and support services, the fees for which are paid monthly. Aireon receivables due to the Company under these two agreements totaled $0.5 million and $1.7 million at each of September 30, 2025 and December 31, 2024.The Company and the other Aireon investors have agreed to participate pro rata, based on their fully diluted ownership stakes, in funding an investor bridge loan to Aireon. The Company’s maximum funding commitment for the bridge loan is $11.9 million. No bridge loan amounts were outstanding as of September 30, 2025 or December 31, 2024.

13. Net Income Per Share

The Company calculates basic net income per share by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. In periods of net income, diluted net income per share takes into account the effect of potential dilutive common shares when the effect is dilutive. Potentially dilutive common shares include (i) shares of common stock issuable upon exercise of outstanding stock options and (ii) contingently issuable RSUs that are convertible into shares of common stock upon achievement of certain service and performance requirements. The effect of potentially dilutive common shares is computed using the treasury stock method.The following table summarizes the computations of basic and diluted net income per share:  Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024 (In thousands, except per share data)Numerator:Net income - basic and diluted$37,127 $24,446 89,507 76,435 Denominator:  Weighted average common shares — basic106,095 117,449 108,160 120,390 Dilutive effect of stock options77 181 95 240 Dilutive effect of RSUs304 481 591 631 Weighted average common shares — diluted106,476 118,111 108,846 121,261 Net income per share - basic$0.35 $0.21 $0.83 $0.63 Net income per share - diluted$0.35 $0.21