Iridium Posts 5% Revenue Rise to $871.7M, Guides $480–$490M EBITDA for 2026
Iridium Communications posted full-year 2025 revenue of $871.7 million (+5%), OEBITDA of $495.3 million (+5%), and diluted EPS of $1.06. For 2026 it forecasts flat to 2% service revenue growth and OEBITDA of $480 million–$490 million, reflecting a $17 million incentive compensation headwind.
1. 2025 Financial Results
Iridium Communications reported full-year 2025 total revenue of $871.7 million, a 5% increase year-over-year, driven by $634.0 million in service revenue. Operational EBITDA rose 5% to $495.3 million, net income reached $114.4 million and diluted EPS was $1.06, supported by a reduced share count. In Q4, revenue totaled $212.9 million with service revenue of $158.9 million, as gains in service sales offset declines in subscriber equipment.
2. 2026 Outlook and Guidance
For 2026, the company projects total service revenue growth of 0% to 2% and operational EBITDA between $480 million and $490 million. Management cited a roughly $17 million headwind resulting from the shift of incentive compensation payments entirely to cash, while maintaining focus on steady cash flow generation.