Iridium Communications Inc. logo

Iridium Communications Inc.

IRDM

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
831
Cost of Revenue
434
Gross Profit
397
Gross Margin
47.8%
Operating Income
203
Operating Margin
24.5%
Net Income
113
Net Margin
13.6%
EPS (Basic)
$0.95
EPS (Diluted)
$0.94
EBITDA
416
EBITDA Margin
50.0%

2023

12/31/2023

Revenue
791
Cost of Revenue
508
Gross Profit
283
Gross Margin
35.8%
Operating Income
119
Operating Margin
15.1%
Net Income
15
Net Margin
1.9%
EPS (Basic)
$0.12
EPS (Diluted)
$0.12
EBITDA
380
EBITDA Margin
48.1%

2022

12/31/2022

Revenue
721
Cost of Revenue
505
Gross Profit
216
Gross Margin
30.0%
Operating Income
77
Operating Margin
10.6%
Net Income
9
Net Margin
1.2%
EPS (Basic)
$0.07
EPS (Diluted)
$0.07
EBITDA
386
EBITDA Margin
53.5%

2021

12/31/2021

Revenue
615
Cost of Revenue
456
Gross Profit
159
Gross Margin
25.8%
Operating Income
46
Operating Margin
7.5%
Net Income
-9
Net Margin
-1.5%
EPS (Basic)
$-0.07
EPS (Diluted)
$-0.07
EBITDA
350
EBITDA Margin
57.0%

2020

12/31/2020

Revenue
583
Cost of Revenue
446
Gross Profit
138
Gross Margin
23.6%
Operating Income
35
Operating Margin
6.1%
Net Income
-56
Net Margin
-9.6%
EPS (Basic)
$-0.42
EPS (Diluted)
$-0.42
EBITDA
313
EBITDA Margin
53.6%