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

Company: Iridium Communications Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 8
Chunk 25
---
 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 June 30,Six Months Ended June 30, 2025202420252024 (In thousands, except per share data)Numerator:Net income - basic and diluted$21,968 $32,336 52,380 51,989 Denominator:  Weighted average common shares — basic107,813 120,612 108,779 121,877 Dilutive effect of stock options91 207 104 271 Dilutive effect of RSUs280 423 615 555 Weighted average common shares — diluted108,184 121,242 109,498 122,703 Net income per share - basic$0.20 $0.27 $0.48 $0.43 Net income per share - diluted$0.20 $0.27 $0.48 $0.42 

14. Subsequent EventsOn July 23, 2025, the Company’s Board of Directors approved a dividend of $0.15 per share payable on September 30, 2025, to stockholders of record as of September 15, 2025.

17

ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

You should read the following discussion along with our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed on February 13, 2025 with the Securities and Exchange Commission, or the SEC, as well as our condensed consolidated financial statements included in this Form 10-Q.

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking statements include those that express plans, anticipation, intent, contingencies, goals, targets or future development or otherwise are not statements of historical fact. Without limiting the foregoing, the words “believe,” “anticipate,” “plan,” “expect,” “intend” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on our current expectations and projections about future events, and they are subject to risks and uncertainties, known and unknown, that