Company: IRDM
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001628280-25-018712
Chunk: 29

Company: Iridium Communications Inc.
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 8
Chunk 29
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 year, driven by a 7% increase in billable subscribers primarily in users of personal communications devices, 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 $0.9 million, or 2%, for the three months ended March 31, 2025, compared to the same period of the prior year, primarily due to an increase in billable subscribers. Hosted payload and other data service revenue increased $0.9 million, or 7%, compared to the prior year period, primarily due to increases in other data service revenue, including Satelles revenue, which increased as a result of the acquisition after the first quarter of 2024. Commercial broadband revenue decreased $0.8 million, or 6%, for the three months ended March 31, 2025, compared to the prior year period, primarily due to a decrease ARPU reflecting the increased prevalence of usage of our service as a companion service and the conversion of customers to other plans. 

Government Service Revenue 

 Three Months Ended March 31,   20252024ChangeRevenueBillableSubscribers (1)RevenueBillableSubscribers (1)RevenueBillableSubscribers(Revenue in millions and subscribers in thousands)Government services$26.8 133$26.5 145$0.3 (12)

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

We provide airtime and airtime support to U.S. government and other authorized customers pursuant to our Enhanced Mobile Satellite Services, or EMSS, contract. Under the terms of this agreement, which we entered into in September 2019, authorized customers utilize specified Iridium airtime services provided through the U.S. government’s dedicated gateway. The fee is not based on subscribers or usage, allowing an unlimited number of users access to these services. For the three months ended March 31, 2025, revenue increased slightly, reflecting a contractual step up in the EMSS contract on September 15, 2024. 

22

Subscriber Equipment Revenue

Subscriber equipment revenue decreased by $1.7 million, or 7%, for the three months ended March 31, 2025, compared to the prior year period, primarily due to a decrease in volume of Short Burst Data® devices. 

Engineering and Support Service Revenue

 Three Months Ended March 31,  20252024Change (In millions)Commercial