Iridium Communications Inc. (IRDM) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
IRDM Revenue Growth
Revenue Breakdown (FY 2025)
IRDM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
IRDM Revenue Analysis (2014–2025)
As of May 8, 2026, Iridium Communications Inc. (IRDM) generated trailing twelve-month (TTM) revenue of $875.8 million, reflecting modest growth of +1.9% year-over-year. The most recent quarter (Q1 2026) recorded $219.1 million in revenue, up 2.9% sequentially.
Looking at the longer-term picture, IRDM's 5-year compound annual growth rate (CAGR) stands at +8.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $871.7 million in 2025, representing a new all-time high.
Revenue diversification analysis shows IRDM's business is primarily driven by Service (73%), Engineering and Support Services (18%), and Subscription and Circulation (9%). With over half of revenue concentrated in Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including VSAT (+2.1% YoY), GSAT (+8.5% YoY), and GILT (+47.9% YoY), IRDM has underperformed the peer group in terms of revenue growth. Compare IRDM vs VSAT →
IRDM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| IRDMCurrent | $876M | +1.9% | +8.4% | 27.1% | |
 VSAT | $4.5B | +2.1% | +14.4% | -2.2% | |
 GSAT | $250M | +8.5% | +13.7% | -0.4% | |
 GILT | $452M | +47.9% | +22.1% | 4.5% | |
 ASTS | $71M | +1505.2% | +64.1% | -405.7% | |
 SATS | $15.0B | -5.2% | +51.4% | -118.1% |
IRDM Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $871.7M | +4.9% | $674.1M | 77.3% | $236.0M | 27.1% |
| 2024 | $830.7M | +5.1% | $397.0M | 47.8% | $203.5M | 24.5% |
| 2023 | $790.7M | +9.7% | $283.1M | 35.8% | $119.1M | 15.1% |
| 2022 | $721.0M | +17.3% | $216.4M | 30.0% | $76.7M | 10.6% |
| 2021 | $614.5M | +5.3% | $158.7M | 25.8% | $46.3M | 7.5% |
| 2020 | $583.4M | +4.1% | $137.6M | 23.6% | $35.5M | 6.1% |
| 2019 | $560.4M | +7.2% | $117.6M | 21.0% | $10.1M | 1.8% |
| 2018 | $523.0M | +16.7% | $161.9M | 31.0% | $41.7M | 8.0% |
| 2017 | $448.0M | +3.3% | $200.9M | 44.8% | $101.3M | 22.6% |
| 2016 | $433.6M | +5.4% | $275.0M | 63.4% | $176.4M | 40.7% |
See IRDM's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs IRDM Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare IRDM vs NFLX
Side-by-side business, growth, and profitability comparison vs Netflix, Inc..
Start ComparisonIRDM — Frequently Asked Questions
Quick answers to the most common questions about buying IRDM stock.
Is IRDM's revenue growth accelerating or slowing?
IRDM revenue growth slowed to +1.9%, below the 5-year CAGR of +8.4%. TTM revenue is $876M. The deceleration marks a shift from historical growth rates.
What is IRDM's long-term revenue growth rate?
Iridium Communications Inc.'s 5-year revenue CAGR of +8.4% reflects the variable expansion pattern. Current YoY growth of +1.9% is near this long-term average.
How is IRDM's revenue distributed by segment?
IRDM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.