IRDM
Iridium Communications Inc.

Iridium Communications Inc.IRDM

Communication Services · Telecom Services
48.65USD
+0.91%
Sep 23, 2026
IRDM overview ready
Global LEO Satellite Network Enabling Resilient SATCOM for Government and Commercial Users
Iridium owns and operates a global LEO satellite network that supplies mission-critical narrowband voice, data, IoT, and positioning, navigation and timing services to government and commercial users.
Direct narrative exposure
Exposed to the National Security Space Systems narrative through Resilient SATCOM and National Security Launch — infrastructure supplier.
An early price trend
Longer-term context reads early trend, with a near-term setup of daily advance.
Demanding valuation
The price embeds expectations that run ahead of the strength of its balance sheet.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
High leverage limiting financial flexibility.
Market Sep 22Filing Jun 30Price action Sep 22Research Sep 3

Conviction Level

NarrativeHeat6.4ThemeHeat6.7PriceAction7.1Valuation2.6CompanyPosition9.3
Price
Loading price history…

Price Action

An early price trend
Longer-term context reads early trend, with a near-term setup of daily advance.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA100. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$5.2B
Avg Volume (60D)
1.1M
60 sessions
Revenue Growth YoY
+4.9%
FY2025 vs FY2024
Gross Margin
+47.7%
Trailing twelve months
Operating Margin
+23.8%
Trailing twelve months
Free Cash Flow Yield
+5.6%
Distance from 200DMA
+36.8%
Next Earnings
2026-10-22
P/E
55.3x
EV / EBITDA
15.9x
EV / Sales
7.6x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say expensive; intrinsic is the dissenting view.
Iridium Communications Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the strength of its balance sheet.

Company Research

Thesis
Iridium owns and operates a global LEO satellite network that supplies mission-critical narrowband voice, data, IoT, and positioning, navigation and timing services to government and commercial users. The exposure is direct: this demand is served by the company's own core products.
Opportunity
High opportunity
Defense and allied demand for resilient, globally available satellite communications and assured space connectivity across commercial and government architectures.
Key risk
High leverage limiting financial flexibility.

Narrative & Theme

National Security Space Systems
Part of Resilient SATCOM and National Security Launch, with strong fit.
Its differentiated role is not generic space adjacency: government and security customers require communications that remain available beyond terrestrial coverage and can add redundancy to multi-orbit SATCOM architectures.
Narrative HeatNeutral6.4 / 10
Theme HeatNeutral6.7 / 10

Business & Markets

Communication Services · Telecom Services
What they do

Iridium Communications Inc. operates a global mobile satellite network providing voice and data communication services primarily through its constellation of low-earth orbit satellites.

How it earns

The company generates revenue mainly through subscription-based services and sales of communication devices.

Products & services
Mobile satellite voice and data communications
Broadband terminals and handsets
Satellite-based IoT services
Hosted payload and data services
Customers & end markets
Businesses
Government agencies
Non-governmental organizations
Consumers
Market position

Iridium is a niche leader in global mobile satellite communications with a proprietary LEO satellite constellation.

Demand drivers
Low cyclicality

Demand is driven by government and critical communication needs that are less sensitive to economic cycles.