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Forensic Analysis · Satellite & Other Communications · as of Nov 9, 2026

Iridium Communications Inc. (IRDM)

A forensic read on Iridium Communications Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable
Forensic grade
Clean
Earnings quality
1
Forensic signals
22.0%
ROE
4.9%
Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Iridium Communications Inc. earns a B (Sound & dependable) forensic quality grade. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

8.0%
FY2025
Return on invested capital. Return on invested capital is 8.0% in the latest fiscal year and rising across FY2023–FY2025 from 2.6%. After-tax operating profit was $64M in FY2023 and $191M in FY2025, with operating income at 10.3% of revenue in FY2023, 24.1% in FY2024 and 27.1% in FY2025. The capital base behind it went from $2.5B in FY2023 to $2.4B in FY2025 (-4%), while the revenue it carried went from $791M to $872M.

Key fundamentals

Latest Revenue$871.7M
Revenue Growth YoY+4.9%
Revenue CAGR (2yr)+5.0%
Net Margin13.1%
Free Cash Flow$299.8M
Return on Equity22.0%
Debt / Equity3.81x

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

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