Iridium Communications Balance Sheet
NASDAQ: IRDMConsumer DiscretionaryTelecommunications EquipmentUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Iridium Communications financial position
At the end of fiscal 2025, Iridium Communications reported total assets of $2.53 billion, down 5.3% from a year earlier against total liabilities of $2.07 billion. Shareholders' equity stood at $462.6 million, or 18.3% of assets. The company held $96.5 million in cash and equivalents against $1.76 billion of debt, a net debt position of $1.67 billion.
The current ratio (current assets divided by current liabilities) was 2.48, meaning short-term assets cover obligations due within a year. Debt-to-equity was 3.81.
Summary generated from market data by MetaCap's automated system. Methodology
Iridium Communications balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 96.50M | 93.53M | 71.87M | 168.77M | 320.91M | 237.18M | 223.56M | 273.35M | 285.87M | 371.17M |
| Short-Term Investments | — | — | — | — | — | — | — | 0 | 11.80M | 39.33M |
| Receivables | 93.77M | 98.80M | 91.72M | 82.27M | 63.41M | 61.15M | 68.70M | 71.21M | 68.03M | 57.37M |
| Inventory | 73.76M | 81.28M | 91.14M | 39.78M | 29.04M | 32.48M | 39.94M | 27.54M | 20.07M | 18.20M |
| Total Current Assets | 276.50M | 292.73M | 271.08M | 306.20M | 424.41M | 347.82M | 342.94M | 390.38M | 411.07M | 516.77M |
| Property, Plant & Equipment | 1.98B | 2.08B | 2.20B | 2.43B | 2.66B | 2.92B | 3.18B | 3.37B | 3.21B | 2.81B |
| Goodwill | 98.94M | 98.19M | 0 | — | — | — | — | — | 0 | 0 |
| Intangible Assets | 86.93M | 90.88M | 41.09M | 42.58M | 44.00M | 45.50M | 46.98M | 48.54M | 50.02M | 45.80M |
| Total Assets | 2.53B | 2.67B | 2.66B | 2.95B | 3.18B | 3.36B | 3.62B | 4.01B | 3.78B | 3.50B |
| Accounts Payable | 17.68M | 19.71M | 28.67M | 21.37M | 16.20M | 14.39M | 6.71M | 12.87M | 43.10M | 11.13M |
| Short-Term Debt | 6.80M | 66.24M | 30.00M | 33.00M | 16.50M | 16.77M | 10.88M | 126.00M | 85.50M | — |
| Total Current Liabilities | 111.67M | 169.21M | 131.55M | 141.58M | 108.84M | 113.07M | 113.75M | 262.72M | 214.23M | 83.19M |
| Long-Term Debt | 1.76B | 1.76B | 1.47B | 1.47B | 1.60B | 0 | 352.99M | 351.00M | 0 | 1.80B |
| Total Liabilities | 2.07B | 2.09B | 1.77B | 1.83B | 1.89B | 1.94B | 2.16B | 2.41B | 2.19B | 2.16B |
| Shareholders' Equity | 462.60M | 576.64M | 888.10M | 1.13B | 1.29B | 1.42B | 1.46B | 1.60B | 1.60B | 1.34B |
| Retained Earnings | -418.55M | -406.09M | -235.40M | -47.74M | 140.81M | 275.92M | 331.97M | 501.71M | 518.79M | 288.80M |
| Total Debt | 1.76B | 1.82B | 1.50B | 1.50B | 1.61B | 16.77M | 363.87M | 477.00M | 85.50M | 1.80B |
| Net Cash (Debt) | -1.67B | -1.73B | -1.43B | -1.33B | -1.29B | 220.41M | -140.31M | -203.65M | 212.17M | -1.39B |
| Shares Outstanding | — | 110.36M | 122.78M | 125.90M | 131.34M | 134.06M | 131.63M | 112.20M | 98.20M | 95.88M |
This table shows 10 annual periods of Iridium Communications's balance sheet, from FY 2025 back to FY 2016, across 19 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow IRDM's reporting calendar. What is a balance sheet?