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Iridium Communications (IRDM) Revenue & Revenue Breakdown

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Iridium Communications Revenue Highlights

Latest Revenue (Y)

$790.72M

Latest Revenue (Q)

$212.77M

Main Segment (Y)

Service

Main Geography (Y)

UNITED STATES

Iridium Communications Revenue by Period

Iridium Communications Revenue by Year

DateRevenueChange
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 $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

DateRevenueChange
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 $212.77M in revenue during Q3 2024, up 5.82% compared to the previous quarter, and up 110.18% compared to the same period a year ago.

Iridium Communications Revenue Breakdown

Iridium Communications Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Commercial Voice and Data Services$219.24M$193.11M$175.58M$168.67M$203.62M
Commercial IoT Data Services$141.04M$125.02M$110.92M$96.98M$96.44M
Commercial Broadband Services$57.88M$51.14M$42.99M$35.96M-
Service$584.45M$534.72M$491.99M$463.10M$447.16M
Engineering and Support Services$101.13M$51.60M$30.44M$34.23M$30.43M
Hosted Payload and Other Data Services$60.30M$59.45M$58.61M$60.60M$49.97M
Government Services-$106.00M$103.89M$100.89M$97.13M
Commercial Service Revenue-$428.72M$388.10M$362.21M$350.03M

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/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Hosted Payload and Other Data Services$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$15.43M$16.27M$12.10M
Engineering and Support Services$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$7.01M$7.05M$8.26M-
Service$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$113.35M$115.97M$113.56M-
Commercial Broadband Services$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$8.52M$8.70M--
Commercial IoT Data Services$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$22.63M$23.77M$24.70M-
Commercial Voice and Data Services$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$41.77M$42.24M$51.76M-
Government Services------------------$25.00M$25.00M

Iridium Communications's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Service (49.35%), Commercial Voice and Data Services (17.81%), Commercial IoT Data Services (13.49%), Engineering and Support Services (9.49%), Hosted Payload and Other Data Services (5.05%), and Commercial Broadband Services (4.80%).

Iridium Communications Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 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

TickerCompanyLast Year RevenueLast Quarter Revenue
SKMSK Telecom$17.61T$4.47T
AMXAmérica Móvil$816.01B$203.30B
CHTRCharter Communications$54.61B$13.79B
LBRDALiberty Broadband$54.61B$246.00M
VIVTelefônica Brasil$52.10B$13.55B
TEFTelefónica$40.65B$10.14B
VODVodafone Group Public Limited Company$37.07B$14.90B
SIFYSify$35.63B$9.64B
TIMBTIM$23.83B$6.10B
LUMNLumen$3.52B$3.22B
IHSIHS$2.13B$417.74M
CABOCable One$1.68B$393.56M
IDTIDT$1.21B$299.64M
CNSLConsolidated Communications$1.11B$271.09M
CCOICogent Communications$940.92M$260.44M
IRDMIridium Communications$790.72M$212.77M
ATNIATN$762.22M$178.45M
IDCCInterDigital$549.59M$128.68M
ASTSAST SpaceMobile-$1.10M

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 Q3 2024 was $212.77M, a 5.82% increase from the previous quarter (Q2 2024), and a 7.68% increase year-over-year (Q3 2023). The company'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). IRDM'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).

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 Commercial Voice and Data Services, Commercial IoT Data Services, Commercial Broadband Services, Service, Engineering and Support Services, and Hosted Payload and Other Data Services. 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. 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 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. Engineering and Support Services generated $101.13M in revenue, accounting 8.69% of the company's total revenue, up 96.00% year-over-year. 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.

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.