Iridium Communications Inc
NASDAQ:IRDM
Income Statement
Earnings Waterfall
Iridium Communications Inc
Income Statement
Iridium Communications Inc
| Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
29
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(62)
|
0
|
0
|
0
|
(83)
|
0
|
0
|
0
|
(106)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
28
|
51
|
75
|
99
|
95
|
90
|
85
|
4
|
52
|
49
|
51
|
72
|
78
|
84
|
102
|
102
|
104
|
108
|
99
|
103
|
104
|
102
|
100
|
|
| Revenue |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
76
N/A
|
158
+108%
|
242
+53%
|
336
+39%
|
348
+4%
|
358
+3%
|
370
+3%
|
377
+2%
|
384
+2%
|
387
+1%
|
388
+0%
|
386
0%
|
384
-1%
|
379
-1%
|
377
-1%
|
377
+0%
|
383
+2%
|
392
+2%
|
399
+2%
|
406
+2%
|
409
+1%
|
408
0%
|
407
0%
|
405
0%
|
411
+1%
|
419
+2%
|
426
+2%
|
433
+2%
|
434
+0%
|
434
+0%
|
436
+1%
|
440
+1%
|
448
+2%
|
463
+3%
|
486
+5%
|
506
+4%
|
523
+3%
|
538
+3%
|
546
+2%
|
554
+1%
|
560
+1%
|
572
+2%
|
569
-1%
|
576
+1%
|
583
+1%
|
585
+0%
|
594
+2%
|
605
+2%
|
615
+2%
|
636
+4%
|
661
+4%
|
683
+3%
|
721
+6%
|
758
+5%
|
776
+2%
|
790
+2%
|
791
+0%
|
789
0%
|
797
+1%
|
812
+2%
|
831
+2%
|
842
+1%
|
858
+2%
|
872
+2%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
0
|
0
|
0
|
0
|
(38)
|
(81)
|
(112)
|
(144)
|
(134)
|
(121)
|
(122)
|
(121)
|
(125)
|
(127)
|
(124)
|
(121)
|
(114)
|
(109)
|
(106)
|
(108)
|
(111)
|
(114)
|
(117)
|
(118)
|
(117)
|
(114)
|
(108)
|
(102)
|
(101)
|
(102)
|
(107)
|
(109)
|
(109)
|
(110)
|
(114)
|
(120)
|
(125)
|
(132)
|
(138)
|
(141)
|
(143)
|
(144)
|
(144)
|
(145)
|
(145)
|
(145)
|
(141)
|
(144)
|
(143)
|
(145)
|
(146)
|
(147)
|
(150)
|
(159)
|
(170)
|
(182)
|
(201)
|
(220)
|
(225)
|
(226)
|
(225)
|
(222)
|
(224)
|
(226)
|
(231)
|
(232)
|
(244)
|
(250)
|
|
| Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
38
N/A
|
77
+99%
|
130
+69%
|
192
+48%
|
214
+11%
|
237
+11%
|
248
+5%
|
256
+3%
|
259
+1%
|
260
+0%
|
264
+2%
|
265
+1%
|
269
+1%
|
271
+1%
|
270
0%
|
268
-1%
|
271
+1%
|
278
+2%
|
282
+2%
|
288
+2%
|
292
+1%
|
294
+1%
|
299
+2%
|
304
+2%
|
310
+2%
|
317
+2%
|
319
+1%
|
324
+2%
|
324
+0%
|
324
0%
|
323
0%
|
321
-1%
|
323
+1%
|
331
+2%
|
348
+5%
|
365
+5%
|
380
+4%
|
394
+4%
|
401
+2%
|
409
+2%
|
415
+2%
|
428
+3%
|
428
+0%
|
432
+1%
|
441
+2%
|
440
0%
|
449
+2%
|
458
+2%
|
464
+1%
|
477
+3%
|
492
+3%
|
502
+2%
|
520
+4%
|
538
+3%
|
551
+3%
|
563
+2%
|
566
+0%
|
568
+0%
|
574
+1%
|
586
+2%
|
600
+2%
|
610
+2%
|
614
+1%
|
622
+1%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(1)
|
(3)
|
(3)
|
(3)
|
(45)
|
(88)
|
(135)
|
(176)
|
(177)
|
(179)
|
(175)
|
(180)
|
(182)
|
(185)
|
(181)
|
(176)
|
(164)
|
(155)
|
(154)
|
(154)
|
(161)
|
(165)
|
(169)
|
(171)
|
(169)
|
(166)
|
(159)
|
(150)
|
(150)
|
(146)
|
(149)
|
(151)
|
(148)
|
(149)
|
(154)
|
(164)
|
(185)
|
(252)
|
(288)
|
(337)
|
(339)
|
(373)
|
(393)
|
(399)
|
(405)
|
(404)
|
(403)
|
(402)
|
(405)
|
(407)
|
(410)
|
(417)
|
(418)
|
(422)
|
(427)
|
(433)
|
(443)
|
(458)
|
(509)
|
(511)
|
(484)
|
(458)
|
(403)
|
(389)
|
(397)
|
(399)
|
(397)
|
(389)
|
|
| Selling, General & Administrative |
(1)
|
(2)
|
(2)
|
(3)
|
(17)
|
(33)
|
(49)
|
(65)
|
(67)
|
(68)
|
(68)
|
(68)
|
(66)
|
(66)
|
(68)
|
(68)
|
(68)
|
(68)
|
(68)
|
(70)
|
(75)
|
(76)
|
(76)
|
(76)
|
(79)
|
(80)
|
(80)
|
(79)
|
(81)
|
(80)
|
(84)
|
(85)
|
(83)
|
(83)
|
(81)
|
(81)
|
(84)
|
(88)
|
(92)
|
(100)
|
(98)
|
(99)
|
(96)
|
(92)
|
(93)
|
(90)
|
(90)
|
(88)
|
(90)
|
(92)
|
(95)
|
(100)
|
(101)
|
(104)
|
(109)
|
(115)
|
(124)
|
(136)
|
(145)
|
(146)
|
(144)
|
(140)
|
(149)
|
(159)
|
(165)
|
(166)
|
(164)
|
(156)
|
|
| Research & Development |
0
|
0
|
0
|
0
|
(6)
|
(10)
|
(18)
|
(21)
|
(19)
|
(19)
|
(15)
|
(15)
|
(19)
|
(20)
|
(20)
|
(21)
|
(16)
|
(12)
|
(10)
|
(9)
|
(11)
|
(12)
|
(14)
|
(16)
|
(18)
|
(20)
|
(19)
|
(18)
|
(16)
|
(15)
|
(14)
|
(16)
|
(16)
|
(17)
|
(16)
|
(15)
|
(15)
|
(17)
|
(19)
|
(20)
|
(22)
|
(22)
|
(20)
|
(18)
|
(14)
|
(13)
|
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
(12)
|
(12)
|
(12)
|
(12)
|
(14)
|
(16)
|
(18)
|
(20)
|
(20)
|
(20)
|
(24)
|
(24)
|
(26)
|
(28)
|
(27)
|
(24)
|
(23)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
(22)
|
(45)
|
(67)
|
(90)
|
(91)
|
(92)
|
(93)
|
(97)
|
(98)
|
(99)
|
(93)
|
(87)
|
(81)
|
(75)
|
(75)
|
(74)
|
(75)
|
(77)
|
(78)
|
(79)
|
(73)
|
(66)
|
(59)
|
(52)
|
(52)
|
(51)
|
(51)
|
(50)
|
(49)
|
(50)
|
(57)
|
(68)
|
(86)
|
(110)
|
(141)
|
(180)
|
(218)
|
(253)
|
(277)
|
(290)
|
(298)
|
(301)
|
(301)
|
(302)
|
(303)
|
(303)
|
(303)
|
(305)
|
(305)
|
(305)
|
(305)
|
(304)
|
(304)
|
(304)
|
(343)
|
(343)
|
(320)
|
(294)
|
(230)
|
(204)
|
(203)
|
(204)
|
(207)
|
(208)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(37)
|
(37)
|
(37)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
|
| Operating Income |
(1)
N/A
|
(3)
-480%
|
(3)
N/A
|
(3)
-7%
|
(7)
-126%
|
(11)
-60%
|
(5)
+54%
|
16
N/A
|
37
+134%
|
58
+55%
|
73
+25%
|
76
+5%
|
77
+1%
|
75
-3%
|
82
+10%
|
90
+9%
|
105
+17%
|
116
+11%
|
117
+0%
|
115
-2%
|
110
-4%
|
113
+3%
|
114
+1%
|
117
+3%
|
123
+5%
|
128
+4%
|
141
+10%
|
154
+10%
|
161
+4%
|
171
+6%
|
170
0%
|
173
+2%
|
176
+2%
|
175
-1%
|
169
-3%
|
157
-7%
|
138
-12%
|
79
-43%
|
60
-24%
|
28
-54%
|
42
+51%
|
21
-51%
|
8
-61%
|
10
+25%
|
10
+1%
|
24
+133%
|
26
+9%
|
30
+18%
|
36
+17%
|
33
-8%
|
38
+18%
|
41
+6%
|
46
+13%
|
56
+20%
|
65
+17%
|
69
+6%
|
77
+12%
|
79
+4%
|
43
-46%
|
53
+24%
|
82
+54%
|
110
+34%
|
170
+55%
|
198
+16%
|
203
+3%
|
211
+4%
|
218
+3%
|
233
+7%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
6
|
5
|
3
|
(33)
|
(33)
|
(33)
|
(33)
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
4
|
4
|
4
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
4
|
4
|
(1)
|
(15)
|
(36)
|
(70)
|
(84)
|
(100)
|
(110)
|
(115)
|
(116)
|
(110)
|
(102)
|
(94)
|
(91)
|
(86)
|
(81)
|
(74)
|
(123)
|
(120)
|
(120)
|
(67)
|
(70)
|
(74)
|
(91)
|
(90)
|
(93)
|
(98)
|
(88)
|
(91)
|
(92)
|
(91)
|
(90)
|
|
| Non-Reccuring Items |
(2)
|
(0)
|
(0)
|
(6)
|
(6)
|
(6)
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(87)
|
(87)
|
(87)
|
(87)
|
0
|
14
|
14
|
14
|
(23)
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
(112)
|
(142)
|
(142)
|
(142)
|
(30)
|
0
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
4
|
2
|
1
|
1
|
(3)
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(7)
|
(9)
|
(12)
|
(13)
|
(10)
|
(10)
|
(10)
|
(11)
|
(12)
|
(12)
|
(13)
|
(2)
|
0
|
(2)
|
(1)
|
(10)
|
(9)
|
(5)
|
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(0)
|
57
|
57
|
57
|
0
|
0
|
1
|
1
|
1
|
0
|
(1)
|
(1)
|
1
|
(1)
|
(1)
|
(1)
|
|
| Pre-Tax Income |
3
N/A
|
2
-33%
|
0
-85%
|
(42)
N/A
|
(46)
-11%
|
(50)
-9%
|
(44)
+12%
|
17
N/A
|
35
+105%
|
52
+51%
|
65
+24%
|
65
+1%
|
66
+1%
|
66
+0%
|
73
+11%
|
81
+11%
|
95
+17%
|
106
+12%
|
107
+1%
|
104
-2%
|
111
+6%
|
115
+4%
|
114
-1%
|
119
+5%
|
117
-2%
|
123
+6%
|
140
+14%
|
154
+10%
|
73
-52%
|
83
+14%
|
83
+0%
|
87
+5%
|
178
+104%
|
191
+7%
|
185
-3%
|
174
-6%
|
120
-31%
|
79
-34%
|
45
-42%
|
(8)
N/A
|
(21)
-145%
|
(64)
-210%
|
(93)
-46%
|
(101)
-9%
|
(218)
-116%
|
(235)
-8%
|
(226)
+4%
|
(213)
+6%
|
(89)
+58%
|
(58)
+34%
|
(48)
+18%
|
(41)
+13%
|
(29)
+30%
|
(11)
+64%
|
2
N/A
|
5
+240%
|
9
+76%
|
10
+10%
|
(30)
N/A
|
(37)
-21%
|
(5)
+87%
|
19
N/A
|
72
+284%
|
110
+51%
|
110
+0%
|
118
+8%
|
126
+6%
|
142
+13%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(1)
|
(1)
|
0
|
1
|
4
|
5
|
2
|
(9)
|
(15)
|
(20)
|
(23)
|
(23)
|
(25)
|
(19)
|
(21)
|
(23)
|
(30)
|
(39)
|
(42)
|
(41)
|
(48)
|
(51)
|
(50)
|
(52)
|
(42)
|
(44)
|
(50)
|
(54)
|
(66)
|
(68)
|
(68)
|
(70)
|
(67)
|
(70)
|
(67)
|
(58)
|
(40)
|
(26)
|
(22)
|
(10)
|
7
|
21
|
37
|
39
|
56
|
59
|
56
|
57
|
33
|
29
|
34
|
30
|
20
|
9
|
(2)
|
(1)
|
(0)
|
7
|
14
|
17
|
26
|
13
|
3
|
(9)
|
(12)
|
(10)
|
(9)
|
(13)
|
|
| Income from Continuing Operations |
2
|
1
|
0
|
(40)
|
(42)
|
(46)
|
(43)
|
8
|
20
|
32
|
41
|
43
|
41
|
46
|
52
|
58
|
65
|
67
|
65
|
64
|
63
|
64
|
64
|
68
|
75
|
79
|
90
|
100
|
7
|
15
|
16
|
18
|
111
|
121
|
118
|
116
|
79
|
53
|
24
|
(18)
|
(13)
|
(43)
|
(57)
|
(62)
|
(162)
|
(176)
|
(170)
|
(156)
|
(56)
|
(30)
|
(13)
|
(11)
|
(9)
|
(1)
|
(1)
|
4
|
9
|
17
|
(17)
|
(19)
|
22
|
32
|
75
|
101
|
98
|
108
|
116
|
129
|
|
| Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
(4)
|
(6)
|
(7)
|
13
|
14
|
15
|
16
|
(2)
|
(3)
|
|
| Net Income (Common) |
2
N/A
|
1
-35%
|
0
-82%
|
(40)
N/A
|
(42)
-5%
|
(46)
-8%
|
(43)
+7%
|
8
N/A
|
20
+162%
|
32
+62%
|
41
+28%
|
43
+3%
|
41
-4%
|
46
+13%
|
52
+11%
|
58
+11%
|
63
+9%
|
64
+1%
|
60
-6%
|
57
-5%
|
56
-2%
|
57
+3%
|
56
-2%
|
57
+3%
|
63
+9%
|
65
+4%
|
75
+15%
|
84
+12%
|
(8)
N/A
|
(1)
+89%
|
0
N/A
|
2
N/A
|
96
+4 675%
|
105
+10%
|
103
-2%
|
101
-2%
|
218
+117%
|
192
-12%
|
164
-14%
|
124
-25%
|
(24)
N/A
|
(51)
-118%
|
(65)
-27%
|
(68)
-5%
|
(166)
-144%
|
(178)
-7%
|
(170)
+4%
|
(156)
+8%
|
(56)
+64%
|
(30)
+47%
|
(13)
+55%
|
(11)
+14%
|
(9)
+18%
|
(1)
+85%
|
(1)
+57%
|
4
N/A
|
9
+142%
|
16
+80%
|
(20)
N/A
|
(23)
-19%
|
15
N/A
|
25
+65%
|
88
+248%
|
114
+29%
|
113
-1%
|
123
+9%
|
112
-8%
|
126
+12%
|
|
| EPS (Diluted) |
0.04
N/A
|
0.02
-50%
|
0
N/A
|
-0.83
N/A
|
-0.78
+6%
|
-0.65
+17%
|
-0.58
+11%
|
0.09
N/A
|
0.27
+200%
|
0.43
+59%
|
0.56
+30%
|
0.58
+4%
|
0.56
-3%
|
0.61
+9%
|
0.67
+10%
|
0.75
+12%
|
0.8
+7%
|
0.72
-10%
|
0.68
-6%
|
0.64
-6%
|
0.63
-2%
|
0.65
+3%
|
0.42
-35%
|
0.47
+12%
|
0.57
+21%
|
0.53
-7%
|
0.6
+13%
|
0.68
+13%
|
-0.09
N/A
|
0
N/A
|
0
N/A
|
0.01
N/A
|
0.76
+7 500%
|
0.83
+9%
|
0.81
-2%
|
0.79
-2%
|
1.7
+115%
|
1.73
+2%
|
1.47
-15%
|
1.11
-24%
|
-0.22
N/A
|
-0.46
-109%
|
-0.52
-13%
|
-0.51
+2%
|
-1.33
-161%
|
-1.36
-2%
|
-1.29
+5%
|
-1.18
+9%
|
-0.42
+64%
|
-0.22
+48%
|
-0.1
+55%
|
-0.09
+10%
|
-0.07
+22%
|
-0.01
+86%
|
0
N/A
|
0.04
N/A
|
0.07
+75%
|
0.13
+86%
|
-0.15
N/A
|
-0.18
-20%
|
0.12
N/A
|
0.2
+67%
|
0.72
+260%
|
0.96
+33%
|
0.94
-2%
|
1.1
+17%
|
1.03
-6%
|
1.17
+14%
|
|