Company: IRDM
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001418819-25-000009
Chunk: 29

Company: Iridium Communications Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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661 6 %12,769 6 %(108)(1)%Research and development4,944 2 %6,189 3 %(1,245)(20)%Selling, general and administrative35,508 16 %43,953 21 %(8,445)(19)%Depreciation and amortization52,975 23 %51,160 23 %1,815 4 %Total operating expenses156,850 69 %157,919 74 %(1,069)(1)%Operating income70,085 31 %54,852 26 %15,233 28 %Other expense:Interest expense, net(22,593)(10)%(24,246)(11)%1,653 (7)%Other income, net372 — %312 — %60 19 %Total other expense, net(22,221)(10)%(23,934)(11)%1,713 (7)%Income before income taxes and loss on equity method investments47,864 21 %30,918 15 %16,946 55 %Income tax expense(10,003)(4)%(6,005)(3)%(3,998)67 %Loss on equity method investments(734)— %(467)— %(267)57 %Net income$37,127 17 %$24,446 12 %$12,681 52 %

20

Revenue

Commercial Service Revenue 

Three 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$59.9 411 $48 $57.7 422 $46 $2.2 (11)$2 IoT data 46.7 1,991 7.95 43.7 1,902 7.79 3.0 89 0.16 Broadband (3)13.0 16.3 265 15.5 16.7 309 (2.5)(0.4)(44)Hosted payload and other data18.7 N/A16.4 N/A2.3 N/ATotal