Iridium Communications Inc. (IRDM)

Iridium Communications Inc. (IRDM) stock has experienced a significant decline, down 42% year-to-date and 44.46% over the past year as of November 26, 2025, attributed to tightening revenue growth forecasts, delays in PNT revenue, and a decrease in government subscribers. Despite the stock price decline, Iridium posted upbeat Q3 2025 earnings, with commercial IoT and engineering/support revenue growth. Project Stardust is set for testing in 2025 with a launch planned for 2026. The acquisition of Satelles in 2024 is expected to establish a new PNT service stream. Robust cash flow enabled a 5% dividend increase and share repurchases in 2024. In Q2 2025, Iridium reported lower-than-expected EPS, but slightly surpassed revenue expectations. As of November 27, 2025, Iridium Communications has a "Hold" consensus rating from 5 analysts.

Iridium Communications Inc. experiences demand seasonality, particularly influenced by the billing cycles of a large IoT customer, leading to sequential declines in billable subscribers in certain quarters. These changes have been noted to have no impact on Iridium's revenue due to fixed-price contracts. Generally, there is a growing demand for Iridium's LEO satellite services, driven by the need for secure satellite-based connectivity and new IoT products.

Iridium Communications Inc. operates in the satellite telecommunications sector, providing mobile voice and data services through its LEO satellites. The company's core business revolves around its network of 66 active LEO satellites, offering reliable voice and data communications globally. Its major products and services include satellite phones and devices, broadband data services like Iridium Certus, IoT solutions, voice and data modems, PNT services through the acquisition of Satelles, government services, and other products like antennas and cables.

Iridium Communications Inc. has a worldwide geographic footprint, providing global coverage through its satellite constellation. The company's business presence spans the Americas, Europe, Africa, the Middle East, and Asia-Pacific. Its corporate headquarters are located in McLean, Virginia, United States, with key operational centers and ground stations in locations such as Tempe, Arizona; Leesburg, Virginia; Chandler, Arizona; Fairbanks, Alaska; Svalbard, Norway; and Punta Arenas, Chile.

Iridium Communications Inc. is generally regarded as a leading global provider of satellite communications services and is recognized for operating the only truly global satellite network. Its network is described as unique and reliable, providing mission-critical communications in remote and challenging environments. The acquisition of Satelles in 2024 and the development of Project Stardust are positive indicators of its commitment to expanding its offerings and technological leadership. The company's consistent generation of robust cash flow and focus on returning capital to shareholders also positively reflect on its financial reputation.

Iridium Communications Inc. (IRDM) is predominantly owned by institutional investors, holding approximately 80.67% to 96.83% of the company's stock. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., ARK Investment Management LLC., Baron Capital Group, Inc., Silver Heights Capital Management Inc., Sumitomo Mitsui Trust Holdings, Inc., and State Street Corp. Individual investors hold around 8.43% to 13.15% of the stock, while insiders hold approximately 3.21% to 26.67%. Notable individual/insider shareholders include Baralonco Ltd and Terry L. Jones.