Iridium Communications (IRDM) Revenue & Revenue Breakdown
Iridium Communications Revenue Highlights
Latest Revenue (Y)
$790.72M
Latest Revenue (Q)
$201.07M
Main Segment (Y)
Service
Main Geography (Y)
UNITED STATES
Iridium Communications Revenue by Period
Iridium Communications Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $790.72M | 9.67% |
| 2022-12-31 | $721.03M | 17.34% |
| 2021-12-31 | $614.50M | 5.32% |
| 2020-12-31 | $583.44M | 4.10% |
| 2019-12-31 | $560.44M | 7.16% |
| 2018-12-31 | $523.01M | 16.73% |
| 2017-12-31 | $448.05M | 3.32% |
| 2016-12-31 | $433.64M | 5.41% |
| 2015-12-31 | $411.38M | 0.69% |
| 2014-12-31 | $408.56M | 6.77% |
| 2013-12-31 | $382.65M | -0.23% |
| 2012-12-31 | $383.52M | -0.20% |
| 2011-12-31 | $384.31M | 10.38% |
| 2010-12-31 | $348.17M | 358.19% |
| 2009-12-31 | $75.99M | 100.00% |
| 2008-12-31 | - | 100.00% |
| 2007-12-31 | - | - |
Iridium Communications generated $790.72M in revenue during NA 2023, up 9.67% compared to the previous quarter, and up 151.19% compared to the same period a year ago.
Iridium Communications Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $201.07M | -1.37% |
| 2024-03-31 | $203.85M | 4.68% |
| 2023-12-31 | $194.74M | -1.45% |
| 2023-09-30 | $197.60M | 2.33% |
| 2023-06-30 | $193.11M | -5.93% |
| 2023-03-31 | $205.27M | 5.90% |
| 2022-12-31 | $193.84M | 5.31% |
| 2022-09-30 | $184.06M | 5.23% |
| 2022-06-30 | $174.92M | 3.98% |
| 2022-03-31 | $168.22M | 7.91% |
| 2021-12-31 | $155.89M | -3.87% |
| 2021-09-30 | $162.16M | 8.16% |
| 2021-06-30 | $149.92M | 2.31% |
| 2021-03-31 | $146.53M | 0.02% |
| 2020-12-31 | $146.51M | -3.28% |
| 2020-09-30 | $151.47M | 8.06% |
| 2020-06-30 | $140.17M | -3.52% |
| 2020-03-31 | $145.29M | 4.62% |
| 2019-12-31 | $138.87M | -4.08% |
| 2019-09-30 | $144.78M | 1.18% |
| 2019-06-30 | $143.10M | 7.04% |
| 2019-03-31 | $133.69M | 1.15% |
| 2018-12-31 | $132.16M | -3.36% |
| 2018-09-30 | $136.76M | 1.36% |
| 2018-06-30 | $134.93M | 13.25% |
| 2018-03-31 | $119.15M | 3.19% |
| 2017-12-31 | $115.47M | -0.92% |
| 2017-09-30 | $116.55M | 4.43% |
| 2017-06-30 | $111.60M | 6.87% |
| 2017-03-31 | $104.43M | -2.81% |
| 2016-12-31 | $107.45M | -4.74% |
| 2016-09-30 | $112.79M | 3.30% |
| 2016-06-30 | $109.19M | 4.79% |
| 2016-03-31 | $104.20M | -2.08% |
| 2015-12-31 | $106.42M | 0.36% |
| 2015-09-30 | $106.03M | 4.04% |
| 2015-06-30 | $101.92M | 5.06% |
| 2015-03-31 | $97.01M | -3.49% |
| 2014-12-31 | $100.51M | -6.50% |
| 2014-09-30 | $107.49M | 4.85% |
| 2014-06-30 | $102.52M | 4.58% |
| 2014-03-31 | $98.03M | -0.18% |
| 2013-12-31 | $98.21M | -2.35% |
| 2013-09-30 | $100.57M | 6.22% |
| 2013-06-30 | $94.68M | 6.16% |
| 2013-03-31 | $89.19M | -3.35% |
| 2012-12-31 | $92.28M | -8.12% |
| 2012-09-30 | $100.44M | 3.21% |
| 2012-06-30 | $97.32M | 4.12% |
| 2012-03-31 | $93.47M | -1.58% |
| 2011-12-31 | $94.98M | -7.00% |
| 2011-09-30 | $102.12M | 6.49% |
| 2011-06-30 | $95.90M | 5.04% |
| 2011-03-31 | $91.30M | 3.84% |
| 2010-12-31 | $87.93M | -6.98% |
| 2010-09-30 | $94.53M | 12.57% |
| 2010-06-30 | $83.97M | 2.73% |
| 2010-03-31 | $81.74M | 7.57% |
| 2009-12-31 | $75.99M | 100.00% |
| 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 $201.07M in revenue during Q2 2024, up -1.37% compared to the previous quarter, and up 97.95% compared to the same period a year ago.
Iridium Communications Revenue Breakdown
Iridium Communications Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Hosted Payload and Other Data Services | $60.30M | $59.45M | $58.61M | $60.60M | $49.97M |
| Engineering and Support Services | $101.13M | $51.60M | $30.44M | $34.23M | $30.43M |
| Commercial Broadband Services | $57.88M | $51.14M | $42.99M | $35.96M | - |
| Service | $584.45M | $534.72M | $491.99M | $463.10M | $447.16M |
| Commercial IoT Data Services | $141.04M | $125.02M | $110.92M | $96.98M | $96.44M |
| Commercial Voice and Data Services | $219.24M | $193.11M | $175.58M | $168.67M | $203.62M |
| Commercial Service Revenue | - | $428.72M | $388.10M | $362.21M | $350.03M |
| Government Services | - | $106.00M | $103.89M | $100.89M | $97.13M |
Iridium Communications's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service (50.21%), Commercial Voice and Data Services (18.83%), Commercial IoT Data Services (12.12%), Engineering and Support Services (8.69%), Hosted Payload and Other Data Services (5.18%), and Commercial Broadband Services (4.97%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Service | $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 | $113.35M | $115.97M | $113.56M | $115.85M | - |
| Engineering and Support Services | $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 | $7.01M | $7.05M | $8.26M | $7.56M | - |
| Hosted Payload and Other Data Services | $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 | $15.43M | $16.27M | $12.10M | $12.04M |
| Commercial Voice and Data Services | $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 | $41.77M | $42.24M | $51.76M | $52.85M | - |
| Commercial IoT Data Services | $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 | $22.63M | $23.77M | $24.70M | $25.35M | - |
| Commercial Broadband Services | $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 | $8.52M | $8.70M | - | - | - |
| Government Services | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $25.00M | $25.00M | $25.62M |
Iridium Communications's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Service (50.11%), Commercial Voice and Data Services (18.56%), Commercial IoT Data Services (13.68%), Engineering and Support Services (8.49%), Hosted Payload and Other Data Services (4.74%), and Commercial Broadband Services (4.43%).
Iridium Communications Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| UNITED STATES | $431.48M | $374.69M | $330.95M | $323.61M | $300.49M |
| Non-US | $359.25M | $346.35M | - | - | - |
| Other Countries | - | - | $283.55M | $212.35M | $156.35M |
| CANADA | - | - | - | - | $53.20M |
Iridium Communications's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (54.57%), and Non-US (45.43%).
Iridium Communications Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| SKM | SK Telecom | $17.61T | $4.47T |
| AMX | América Móvil | $816.01B | $203.30B |
| CHTR | Charter Communications | $54.61B | $13.69B |
| LBRDA | Liberty Broadband | $54.61B | $246.00M |
| VIV | Telefônica Brasil | $52.10B | $13.55B |
| TEF | Telefónica | $40.65B | $10.14B |
| VOD | Vodafone Group Public Limited Company | $37.07B | $14.90B |
| SIFY | Sify | $35.63B | $9.64B |
| TIMB | TIM | $23.83B | $6.10B |
| LUMN | Lumen | $3.52B | $3.29B |
| IHS | IHS | $2.13B | $417.74M |
| CABO | Cable One | $1.68B | $394.46M |
| IDT | IDT | $1.24B | $299.64M |
| CNSL | Consolidated Communications | $1.11B | $268.71M |
| CCOI | Cogent Communications | $940.92M | $266.17M |
| IRDM | Iridium Communications | $790.72M | $201.07M |
| ATNI | ATN | $762.22M | $183.28M |
| IDCC | InterDigital | $549.59M | $223.49M |
| ASTS | AST SpaceMobile | - | $900.00K |
IRDM Revenue FAQ
What is Iridium Communications’s yearly revenue?
Iridium Communications's yearly revenue for 2023 was $790.72M, representing an increase of 9.67% compared to 2022. The company's yearly revenue for 2022 was $721.03M, representing an increase of 17.34% compared to 2021. IRDM's yearly revenue for 2021 was $614.5M, representing an increase of 5.32% compared to 2020.
What is Iridium Communications’s quarterly revenue?
Iridium Communications's quarterly revenue for Q2 2024 was $201.07M, a -1.37% decrease from the previous quarter (Q1 2024), and a 4.12% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $203.85M, a 4.68% increase from the previous quarter (Q4 2023), and a -0.69% decrease year-over-year (Q1 2023). IRDM's quarterly revenue for Q4 2023 was $194.74M, a -1.45% decrease from the previous quarter (Q3 2023), and a 0.47% increase year-over-year (Q4 2022).
What is Iridium Communications’s revenue growth rate?
Iridium Communications's revenue growth rate for the last 3 years (2021-2023) was 28.68%, and for the last 5 years (2019-2023) was 41.09%.
What are Iridium Communications’s revenue streams?
Iridium Communications's revenue streams in c 23 are Hosted Payload and Other Data Services, Engineering and Support Services, Commercial Broadband Services, Service, Commercial IoT Data Services, and Commercial Voice and Data Services. Hosted Payload and Other Data Services generated $60.3M in revenue, accounting 5.18% of the company's total revenue, up 1.42% year-over-year. Engineering and Support Services generated $101.13M in revenue, accounting 8.69% of the company's total revenue, up 96.00% year-over-year. Commercial Broadband Services generated $57.88M in revenue, accounting 4.97% of the company's total revenue, up 13.17% year-over-year. Service generated $584.45M in revenue, accounting 50.21% of the company's total revenue, up 9.30% year-over-year. Commercial IoT Data Services generated $141.04M in revenue, accounting 12.12% of the company's total revenue, up 12.82% year-over-year. Commercial Voice and Data Services generated $219.24M in revenue, accounting 18.83% of the company's total revenue, up 13.53% year-over-year.
What is Iridium Communications’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Iridium Communications was Service. This segment made a revenue of $584.45M, representing 50.21% of the company's total revenue.