Company: IRDM
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001628280-25-035835
Chunk: 56

Company: Iridium Communications Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 2
Chunk 56
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 respective period by the average of the number of billable subscribers at the beginning of the period and the number of billable subscribers at the end of the period and then dividing the result by the number of months in the period. Billable subscriber and ARPU data is not applicable for hosted payload and other data service revenue items.

(3)Commercial broadband service consists of Iridium OpenPort and Iridium Certus broadband services.

For the six months ended June 30, 2025, total commercial services revenue increased $8.3 million, or 3%, from the prior year period primarily driven by increases in IoT, voice and data and hosted payload and other data services revenue. Commercial IoT revenue increased $7.5 million, or 9%, for the six months ended June 30, 2025, compared to the prior year period, driven by a 5% increase in IoT billable subscribers and an increase in the contract with a large customer that was executed in the first quarter of 2024. Commercial voice and data revenue increased $1.4 million, or 1%, from the prior year period, primarily due to consistent subscribers and ARPU. Voice and data revenue growth is expected to accelerate in the second half of 2025 as a result of the implementation of previously announced price actions. Hosted payload and other data service revenue increased $1.0 million, or 4%, compared to the prior year period, primarily due to increases in PNT revenue, partially offset by other data service contracts. Commercial broadband revenue decreased $1.6 million, or 6%, for the six months ended June 30, 2025, compared to the prior year period, primarily due to a decrease in ARPU reflecting the increased prevalence of usage of our service as a companion service and the conversion of customers to other plans. This previously identified trend has accelerated this quarter, and we expect it to continue at this higher pace through at least the remainder of 2025.  

Government Service Revenue 

 Six Months Ended June 30,   20252024ChangeRevenueBillableSubscribers (1)RevenueBillableSubscribers (1)RevenueBillableSubscribers(Revenue in millions and subscribers in thousands)Government services$53.5 128$53.0 142$0.5 (14)

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

We provide airtime and airtime support to the U.S. government and other authorized customers