Company: IRDM
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001628280-25-035835
Chunk: 50

Company: Iridium Communications Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 2
Chunk 50
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,139 36 %Cost of subscriber equipment11,302 5 %13,946 7 %(2,644)(19)%Research and development4,279 2 %6,512 3 %(2,233)(34)%Selling, general and administrative44,627 21 %46,723 23 %(2,096)(4)%Depreciation and amortization52,837 24 %50,776 25 %2,061 4 %Total operating expenses166,648 77 %157,421 78 %9,227 6 %Operating income50,258 23 %43,646 22 %6,612 15 %Other expense:Interest expense, net(22,752)(10)%(23,797)(12)%1,045 (4)%Other expense, net(871)— %(646)— %(225)35 %Total other expense, net(23,623)(10)%(24,443)(12)%820 (3)%Income before income taxes and gain (loss) on equity method investments26,635 13 %19,203 10 %7,432 39 %Income tax expense(3,807)(2)%(4,565)(2)%758 (17)%Gain (loss) on equity method investments(860)— %17,698 9 %(18,558)(105)%Net income$21,968 11 %$32,336 17 %$(10,368)(32)%

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Revenue

Commercial Service Revenue 

Three 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$56.8 415 $46 $56.5 417 $46 $0.3 (2)$— IoT data 44.8 1,924 7.83 41.6 1,837 7.70 3.2 87 0.13 Broadband (3)12.7 16.3 260 13.5 16.8 269 (0.8)(0.5)(9)Hosted payload and other data14