Iridium Communications Inc. Financial Statements FY2024-FY2026

Iridium Communications Inc. (IRDM) Financial Statements in Beancount — Open Ledger

Iridium Communications' income statement and balance sheet, FY2024 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/iridium

Latest analysis: Iridium Q3 2026 Earnings: $106.9M Net Income Built on a $103.9M Paper Gain

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end December 31. All figures sourced from Iridium 10-K / 10-Q filings (SEC CIK 1418819). History starts at FY2024: the two audited annuals plus the latest quarter, which consolidates Aireon (acquired July 2, 2026) for the first time. The ledger keeps the filing's own lines where they matter: interest on $2.1B of net debt, depreciation of the $2.1B satellite constellation, and the equity-method stakes (Aireon, then Satelles) that produced both remeasurement gains.

Quick Start

uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

• Balance sheet — pad / balance directives assert each period-end
  figure against the filing named in that period file's source banner.
• Income statement — one zero-sum transaction per period: Income
  negative (credit), Expenses positive (debit), with the arithmetic check in
  a comment directly above it.
• Unit — MUSD; 245.733 MUSD means 245.733 million US dollars.
• Additional accounts — Assets:Current:Inventory holds the filing's
  "Inventory" caption; Assets:NonCurrent:LongTermInvestments holds "Equity
  method investments"; Expenses:DepreciationAndAmortization and
  Expenses:Interest hold the filing's own depreciation and net-interest lines.
• Named one-offs — FY2026Q3 Income:OtherNet carries the $103.9M
  remeasurement gain on the previously held 39.5% Aireon interest (10-Q Note
  11); FY2024 Income:OtherNet carries the $19.8M Satelles remeasurement gain
  inside the $15.3M equity-method line; FY2026Q3 SG&A includes $14.9M of Aireon
  acquisition-related costs (Note 11). All are labeled postings, never folded
  away.
• Residuals — Assets:Current:Other is prepaid expenses; the non-current
  liability residual is deferred income taxes plus non-current deferred revenue
  and other long-term liabilities, each reconciled to the filed total in a
  comment.

Analysis

• Iridium Q3 2026 Earnings: $106.9M Net Income Built on a $103.9M Paper Gain — FY2026Q3

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Iridium Communications Inc.'s publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Iridium Communications Inc.; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.