Company: IRDM
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001418819-25-000009
Chunk: 100

Company: Iridium Communications Inc.
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 100
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 a percentage, determined by dividing the number of shares to be retired by the number of shares outstanding, to the balance of additional paid-in capital as of the date of retirement.During the three and nine months ended September 30, 2025, the Company repurchased and subsequently retired 1.9 million and 6.8 million shares of its common stock, respectively, for a total purchase price of $50.0 million and $185.0 million, 

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respectively. During the three and nine months ended September 30, 2024, the Company repurchased and subsequently retired 4.7 million and 9.8 million shares of its common stock, respectively, for a total purchase price of $129.0 million and $282.3 million, respectively. During the three and nine months ended September 30, 2025, the Company incurred $0.4 million and $1.5 million, respectively, of related taxes, which are not included in the total purchase price. Similarly, during the three and nine months ended September 30, 2024, the Company incurred $1.2 million and $2.7 million, respectively, of related taxes, which are not included in the total purchase price. In addition, in September 2024, the Company purchased 21,000 shares for $0.7 million, which were settled and retired in October 2024.As of September 30, 2025, $245.3 million remained available and authorized for repurchase under this program.

8. Revenue

The following table summarizes the Company’s services revenue: Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024 (In thousands)(In thousands)Commercial services revenue:Voice and data $59,930 $57,693 $172,682 $169,125 IoT data46,707 43,695 135,303 124,759 Broadband12,970 15,549 38,570 42,719 Hosted payload and other data18,726 16,372 48,140 44,750 Total commercial services revenue138,333 133,309 394,695 381,353 Government services revenue26,910 26,546 80,410 79,546 Total services revenue$165,243 $159,855 $475,105 $460,899 The following