Company: IRDM
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001628280-25-035835
Chunk: 34

Company: Iridium Communications Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 8
Chunk 34
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$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 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