Company: IRDM
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001628280-25-035835
Chunk: 55

Company: Iridium Communications Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 2
Chunk 55
---
 amortization104,504 24 %100,520 25 %3,984 4 %Total operating expenses321,138 74 %311,503 77 %9,635 3 %Operating income110,646 26 %93,417 23 %17,229 18 %Other expense:Interest expense, net(44,576)(10)%(44,460)(11)%(116)— %Other expense, net(2,556)(1)%(603)— %(1,953)324 %Total other expense, net(47,132)(11)%(45,063)(11)%(2,069)5 %Income before income taxes and gain (loss) on equity method investments63,514 15 %48,354 12 %15,160 31 %Income tax expense(9,626)(2)%(12,496)(3)%2,870 (23)%Gain (loss) on equity method investments(1,508)— %16,131 4 %(17,639)(109)%Net income$52,380 13 %$51,989 13 %$391 1 %

23

Revenue

Commercial Service Revenue 

Six Months Ended June 30,20252024ChangeRevenueBillableSubscribers (1)ARPU (2)RevenueBillableSubscribers (1)ARPU (2)RevenueBillableSubscribersARPU(Revenue in millions and subscribers in thousands)Commercial services:Voice and data$112.8 415 $45 $111.4 417 $45 $1.4 (2)$— IoT data 88.6 1,924 7.75 81.1 1,837 7.62 7.5 87 0.13 Broadband (3)25.6 16.3 260 27.2 16.8 271 (1.6)(0.5)(11)Hosted payload and other data29.4 N/A28.4 N/A1.0 N/ATotal commercial services$256.4 2,355 $248.1 2,271$8.3 84 

(1)Billable subscriber numbers shown are at the end of the respective period.

(2)ARPU is calculated by dividing revenue in the