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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)

$212.77M

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
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 24Dec 23Dec 22Dec 21Dec 20
Commercial IoT Data Services$166.17M$141.04M$125.02M$110.92M$96.98M
Engineering and Support Services$124.35M$101.13M$51.60M$30.44M$34.23M
Service$614.91M$584.45M$534.72M$491.99M$463.10M
Commercial Broadband Services$56.09M$57.88M$51.14M$42.99M$35.96M
Commercial Voice and Data Services$226.20M$219.24M$193.11M$175.58M$168.67M
Hosted Payload and Other Data Services$60.16M$60.30M$59.45M$58.61M$60.60M
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/ServiceDec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
Hosted Payload and Other Data Services$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$15.43M$16.27M
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-
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-
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-
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-
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-
Government Services-------------------$25.00M

Iridium Communications's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Hosted Payload and Other Data Services (100.00%).

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
SKMSK Telecom$17.61T$4.47T
AMXAmérica Móvil$816.01B$203.30B
CHTRCharter Communications$55.09B$13.79B
LBRDKLiberty Broadband$55.09B$262.00M
VIVTelefônica Brasil$52.10B$13.55B
TEFTelefónica$40.65B$10.14B
VODVodafone Group Public$37.07B$14.90B
SIFYSify$35.63B$9.64B
TIMBTIM$23.83B$6.10B
LUMNLumen$13.11B$3.22B
IHSIHS$2.13B$417.74M
CABOCable One$1.58B$393.56M
IDTIDT$1.21B$303.35M
IDCCInterDigital$868.52M$128.68M
IRDMIridium Communications$830.68M$212.77M
CCOICogent Communications$783.81M$260.44M
ATNIATN$729.08M$178.45M
ASTSAST SpaceMobile$4.42M$1.10M

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 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 (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 Commercial IoT Data Services, Engineering and Support Services, Service, Commercial Broadband Services, Commercial Voice and Data Services, and Hosted Payload and Other Data Services. Commercial IoT Data Services generated $166.17M in revenue, accounting 13.32% of the company's total revenue, up 17.82% 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. Service generated $614.91M in revenue, accounting 49.28% of the company's total revenue, up 5.21% 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. 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. 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.

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.