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Iridium Communications (IRDM) Revenue & Revenue Breakdown

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Iridium Communications Revenue Highlights

Latest Revenue (Y)

$830.68M

Latest Revenue (Q)

$216.91M

Main Segment (Y)

Service

Main Geography (Y)

UNITED STATES

Iridium Communications Revenue by Period

Iridium Communications Revenue by Year

DateRevenueChange
2024-12-31$830.68M5.05%
2023-12-31$790.72M9.67%
2022-12-31$721.03M17.34%
2021-12-31$614.50M5.32%
2020-12-31$583.44M4.10%
2019-12-31$560.44M7.16%
2018-12-31$523.01M16.73%
2017-12-31$448.05M3.32%
2016-12-31$433.64M5.41%
2015-12-31$411.38M0.69%
2014-12-31$408.56M6.77%
2013-12-31$382.65M-0.23%
2012-12-31$383.52M-0.20%
2011-12-31$384.31M10.38%
2010-12-31$348.17M358.19%
2009-12-31$75.99M100.00%
2008-12-31-100.00%
2007-12-31--

Iridium Communications generated $830.68M in revenue during NA 2024, up 5.05% compared to the previous quarter, and up 148.22% compared to the same period a year ago.

Iridium Communications Revenue by Quarter

DateRevenueChange
2025-06-30$216.91M0.94%
2025-03-31$214.88M0.89%
2024-12-31$212.99M0.10%
2024-09-30$212.77M5.82%
2024-06-30$201.07M-1.37%
2024-03-31$203.85M4.68%
2023-12-31$194.74M-1.45%
2023-09-30$197.60M2.33%
2023-06-30$193.11M-5.93%
2023-03-31$205.27M5.90%
2022-12-31$193.84M5.31%
2022-09-30$184.06M5.23%
2022-06-30$174.92M3.98%
2022-03-31$168.22M7.91%
2021-12-31$155.89M-3.87%
2021-09-30$162.16M8.16%
2021-06-30$149.92M2.31%
2021-03-31$146.53M0.02%
2020-12-31$146.51M-3.28%
2020-09-30$151.47M8.06%
2020-06-30$140.17M-3.52%
2020-03-31$145.29M4.62%
2019-12-31$138.87M-4.08%
2019-09-30$144.78M1.18%
2019-06-30$143.10M7.04%
2019-03-31$133.69M1.15%
2018-12-31$132.16M-3.36%
2018-09-30$136.76M1.36%
2018-06-30$134.93M13.25%
2018-03-31$119.15M3.19%
2017-12-31$115.47M-0.92%
2017-09-30$116.55M4.43%
2017-06-30$111.60M6.87%
2017-03-31$104.43M-2.81%
2016-12-31$107.45M-4.74%
2016-09-30$112.79M3.30%
2016-06-30$109.19M4.79%
2016-03-31$104.20M-2.08%
2015-12-31$106.42M0.36%
2015-09-30$106.03M4.04%
2015-06-30$101.92M5.06%
2015-03-31$97.01M-3.49%
2014-12-31$100.51M-6.50%
2014-09-30$107.49M4.85%
2014-06-30$102.52M4.58%
2014-03-31$98.03M-0.18%
2013-12-31$98.21M-2.35%
2013-09-30$100.57M6.22%
2013-06-30$94.68M6.16%
2013-03-31$89.19M-3.35%
2012-12-31$92.28M-8.12%
2012-09-30$100.44M3.21%
2012-06-30$97.32M4.12%
2012-03-31$93.47M-1.58%
2011-12-31$94.98M-7.00%
2011-09-30$102.12M6.49%
2011-06-30$95.90M5.04%
2011-03-31$91.30M3.84%
2010-12-31$87.93M-6.98%
2010-09-30$94.53M12.57%
2010-06-30$83.97M2.73%
2010-03-31$81.74M7.57%
2009-12-31$75.99M100.00%
2009-09-30-100.00%
2009-06-30-100.00%
2009-03-31-100.00%
2008-12-31-100.00%
2008-09-30-100.00%
2008-06-30-100.00%
2008-03-31-100.00%
2007-03-31--

Iridium Communications generated $216.91M in revenue during Q2 2025, up 0.94% compared to the previous quarter, and up 106.40% compared to the same period a year ago.

Iridium Communications Revenue Breakdown

Iridium Communications Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Hosted Payload and Other Data Services$60.16M$60.30M$59.45M$58.61M$60.60M
Commercial IoT Data Services$166.17M$141.04M$125.02M$110.92M$96.98M
Commercial Broadband Services$56.09M$57.88M$51.14M$42.99M$35.96M
Service$614.91M$584.45M$534.72M$491.99M$463.10M
Engineering and Support Services$124.35M$101.13M$51.60M$30.44M$34.23M
Commercial Voice and Data Services$226.20M$219.24M$193.11M$175.58M$168.67M
Government Services--$106.00M$103.89M$100.89M
Commercial Service Revenue--$428.72M$388.10M$362.21M

Iridium Communications's latest annual revenue breakdown by segment (product or service), as of Dec 24: Service (49.28%), Commercial Voice and Data Services (18.13%), Commercial IoT Data Services (13.32%), Engineering and Support Services (9.97%), Hosted Payload and Other Data Services (4.82%), and Commercial Broadband Services (4.50%).

Quarterly Revenue by Product

Product/ServiceJun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Service$155.57M$154.29M$159.85M$152.47M$148.58M$151.95M$145.14M$139.35M$136.77M$138.98M$132.86M$126.11M$126.74M$127.77M$121.32M$116.15M$116.86M$116.91M--
Subscription and Circulation$19.45M$23.12M------------------
Engineering and Support Services$41.88M$37.47M$30.75M$25.82M$30.41M$25.23M$20.59M$24.25M$17.81M$17.12M$8.30M$8.37M$9.68M$7.49M$6.84M$6.43M$10.73M$9.44M--
Commercial Broadband Services-$12.88M$15.55M$13.48M$13.69M$15.78M$14.03M$13.45M$13.94M$13.59M$12.10M$11.51M$11.46M$11.46M$10.64M$9.43M$9.62M$9.12M--
Hosted Payload and Other Data Services-$14.87M$2.30M$16.37M$14.43M$13.95M$2.30M$15.02M$15.10M$15.00M$14.68M$14.85M$15.15M$14.77M$14.74M$14.65M$14.43M$14.79M$14.39M$14.51M
Commercial Voice and Data Services-$55.94M$57.69M$56.45M$54.98M$56.19M$54.96M$52.45M$49.49M$50.26M$48.48M$44.88M$45.14M$45.74M$43.28M$41.42M$41.92M$42.74M--
Commercial IoT Data Services-$43.86M$43.70M$41.61M$39.45M$38.46M$34.56M$31.95M$32.16M$33.79M$30.63M$28.44M$28.90M$30.04M$27.22M$24.75M$25.18M$25.41M--

Iridium Communications's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Service (71.72%), Engineering and Support Services (19.31%), and Subscription and Circulation (8.97%).

Iridium Communications Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22Dec 21Dec 20
Non-US$304.31M$359.25M$346.35M--
UNITED STATES$437.98M$431.48M$374.69M$330.95M$323.61M
Other Countries---$283.55M$212.35M

Iridium Communications's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (59.00%), and Non-US (41.00%).

Iridium Communications Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
TRMBTrimble$3.68B$840.60M
CABOCable One$1.58B$380.60M
KTOSKratos Defense & Security Solutions$1.14B$283.10M
IDCCInterDigital$868.52M$210.51M
IRDMIridium Communications$830.68M$216.91M
CCOICogent Communications$783.81M$252.29M
PRLBProto Labs$500.89M$126.20M
MTLSMaterialise$250.88M$64.01M
GSATGlobalstar$250.35M$60.03M

IRDM Revenue FAQ

What is Iridium Communications’s yearly revenue?

Iridium Communications's yearly revenue for 2024 was $830.68M, representing an increase of 5.05% compared to 2023. The company's yearly revenue for 2023 was $790.72M, representing an increase of 9.67% compared to 2022. IRDM's yearly revenue for 2022 was $721.03M, representing an increase of 17.34% compared to 2021.

What is Iridium Communications’s quarterly revenue?

Iridium Communications's quarterly revenue for Q2 2025 was $216.91M, a 0.94% increase from the previous quarter (Q1 2025), and a 7.88% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $214.88M, a 0.89% increase from the previous quarter (Q4 2024), and a 5.41% increase year-over-year (Q1 2024). IRDM's quarterly revenue for Q4 2024 was $212.99M, a 0.10% increase from the previous quarter (Q3 2024), and a 9.37% increase year-over-year (Q4 2023).

What is Iridium Communications’s revenue growth rate?

Iridium Communications's revenue growth rate for the last 3 years (2022-2024) was 15.21%, and for the last 5 years (2020-2024) was 42.38%.

What are Iridium Communications’s revenue streams?

Iridium Communications's revenue streams in c 24 are Hosted Payload and Other Data Services, Commercial IoT Data Services, Commercial Broadband Services, Service, Engineering and Support Services, and Commercial Voice and Data Services. Hosted Payload and Other Data Services generated $60.16M in revenue, accounting 4.82% of the company's total revenue, down -0.23% year-over-year. Commercial IoT Data Services generated $166.17M in revenue, accounting 13.32% of the company's total revenue, up 17.82% year-over-year. Commercial Broadband Services generated $56.1M in revenue, accounting 4.50% of the company's total revenue, down -3.08% year-over-year. Service generated $614.91M in revenue, accounting 49.28% of the company's total revenue, up 5.21% year-over-year. Engineering and Support Services generated $124.35M in revenue, accounting 9.97% of the company's total revenue, up 22.96% year-over-year. Commercial Voice and Data Services generated $226.2M in revenue, accounting 18.13% of the company's total revenue, up 3.17% year-over-year.

What is Iridium Communications’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Iridium Communications was Service. This segment made a revenue of $614.91M, representing 49.28% of the company's total revenue.