Iridium Communications (IRDM)
Connects commercial and government users through a global low-Earth-orbit satellite network.
Something off on this page? Send us feedback.
Sells mobile voice, data, IoT, broadband, positioning, navigation and timing services through a global satellite network. Commercial and government users are served worldwide through a partner-led distribution model.
Operates a restarted global low-Earth-orbit mobile-satellite network that delivers mobile voice and data, IoT data, broadband, positioning, navigation and timing services to commercial and government users. Hosted-payload, other data, related equipment, and engineering services extend the offering.
Businesses and U.S. and international government agencies are served worldwide through a partner-led distribution model. Commercial service, government service, related equipment, and engineering/support are separately reported revenue categories. Commercial IoT data accounts for most commercial subscribers, while U.S. government services remain a distinct service line. Network operations and the distribution-partner model shape the business.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 22, 2026 | New Street | Upgrade | ||
| Jun 30, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $26 | Target: $54 |
| Jun 29, 2026 | Oppenheimer | Downgrade | ||
| Jun 29, 2026 | William Blair | Downgrade | ||
| Jun 3, 2026 | Oppenheimer | Reiterate | Rating: —Target: — | Target: $60 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $184.2M · Total debt $1.76B · Total assets $2.57B · Shareholders' equity $472.5M
- Revenue
- $225.2M
- Operating income
- $34.0M
- Net income
- $9.7M
HistoryDividendAnnual yield
| Institutions | ≈ 85.86% | 90.98M shares | |
|---|---|---|---|
| 503 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 3.46% | 3.67M shares | |
| 19 holders · as of Sep 16, 2026 | |||
| Other | ≈ 10.68% | 11.32M shares | |
| remainder | |||
105.96M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.69% | 13.45M | as of Jun 30, 2026 |
SMALLCAP World Fund, Inc.Institution | 7.84% | 8.30M | filed Feb 14, 2019 |
AQR Capital Management LLCInstitution | 6.46% | 6.85M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.13% | 5.44M | as of Jun 30, 2026 |
Van Berkom & Associates Inc.Institution | 5.06% | 5.36M | filed Jul 18, 2018 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Timothy James Last | officer: EVP, Sales & Marketing | −5,769 | $46.35 |
| Sep 3, 2026 | Timothy James Last | officer: EVP, Sales & Marketing | −2,013 | $47.36 |
| Aug 17, 2026 | Eric T. Olson | director | −8,000 | $50.61 |
| Aug 17, 2026 | Kathleen A. Morgan | officer: Chief Legal Officer | −33,192 | $50.35 |
| Aug 17, 2026 | Suzanne E. McBride | director, officer: Chief Operations Officer | −85,454 | $50.28 |
- Viasat
Mobile satellite voice/data, maritime and aviation broadband, and IoT.
- Globalstar
Global LEO mobile satellite services and two-way IoT.
- AST SpaceMobile
Direct-to-device cellular broadband for standard smartphones.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Iridium Communications | $48.40 | +0.39% | $5.11B | 54.8 | 41.0 | 5.8 | +3.8% |
| Viasat | $76.63 | +0.33% | $10.52B | — | — | 2.3 | −1.2% |
| Globalstar | $82.86 | −0.21% | $10.69B | — | — | 38.1 | −3.5% |
| AST SpaceMobile | $61.55 | −0.56% | $25.18B | — | — | 218.4 | +2,626.6% |
| Median | — | — | 38.1 | −1.2% |