Iridium Communications Inc.
At today's price, Iridium Communications Inc. (IRDM) is priced for +13.0% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Iridium operates the only satellite network providing voice and data anywhere on Earth through 66 low-orbit satellites, serving commercial, government, and a fast-growing Internet-of-Things subscriber base. • The clearest risk is competition from new space entrants: the 10-K names ⟦"new and proposed LEO constellations and satellite direct-to-device (D2D) services"⟧ as threats, with SpaceX explicitly cited as moving into the company's territory. • Watch the product wave and deleveraging: manage
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365 institutional managers reported holding IRDM in 13F filings for the quarter ended 2026-03-31. Together they hold about 83% of the company; the top 10 hold 48%. 95 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 9.5M shares were sold short as of the 2026-06-15 count, about 9% of shares outstanding (3.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
IRDM has cut its share count 20.7% over the past five years, spending $1.14B on repurchases. It pays a dividend, and has for 3 years running, raised 2 years straight; the current rate is $0.13 a share annually. Cash returned over the past three years: $176.21M in dividends and $721.45M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at IRDM over the trailing three years: 2023: 1 buy totaling $1.04M; 2025: 2 buys totaling $871k. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
IRDM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-26 | -15.0% | -10.5% |
| 2023-10-20 | -12.1% | +5.7% |
| 2024-02-16 | -14.0% | -9.1% |
| 2024-04-19 | +10.9% | -8.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
IRDM's latest 8-K filings: 2026-07-07 (items 1.01, 2.03, 5.02, 7.01, 9.01); 2026-06-29 (items 1.01, 7.01, 9.01); 2026-05-20 (items 5.02, 5.07, 7.01, 9.01); 2026-05-14 (items 1.01, 7.01, 9.01); 2026-04-23 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.