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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $225.24M | $219.06M | $212.94M | $226.94M | $216.91M | $214.88M | $212.99M | $212.77M |
| Cost of revenue | $64.79M | $62.65M | $58.02M | $63.42M | $64.91M | $61.65M | $60.21M | $56.62M |
| Gross profit | $160.45M | $156.41M | $154.92M | $163.51M | $152.00M | $153.22M | $152.78M | $156.15M |
| Gross margin | 71.2% | 71.4% | 72.8% | 72.1% | 70.1% | 71.3% | 71.7% | 73.4% |
| Research and development | $5.53M | $6.17M | $5.12M | $4.94M | $4.28M | $5.42M | $8.52M | $6.19M |
| Selling, general and administrative | $67.04M | $45.78M | $41.82M | $35.51M | $44.63M | $35.75M | $40.70M | $43.95M |
| Operating expenses | $126.44M | $105.69M | $99.67M | $93.43M | $101.74M | $92.84M | $100.67M | $101.30M |
| Operating income | $34.01M | $50.71M | $55.25M | $70.09M | $50.26M | $60.39M | $52.12M | $54.85M |
| Operating margin | 15.1% | 23.2% | 25.9% | 30.9% | 23.2% | 28.1% | 24.5% | 25.8% |
| EBITDA | $87.20M | $105.13M | $107.98M | $123.06M | $102.42M | $112.73M | $103.56M | $106.01M |
| Interest expense | −$19.25M | −$19.37M | −$21.08M | −$22.59M | −$22.75M | −$21.82M | −$22.43M | −$24.25M |
| Income before taxes | $14.31M | $31.15M | $33.44M | $47.86M | $26.64M | $36.88M | $30.51M | $30.92M |
| Income taxes | $3.13M | $8.83M | $7.99M | $10.00M | $3.81M | $5.82M | −$6.24M | $6.01M |
| Net income | $9.68M | $21.59M | $24.87M | $37.13M | $21.97M | $30.41M | $36.34M | $24.45M |
| Net margin | 4.3% | 9.9% | 11.7% | 16.4% | 10.1% | 14.2% | 17.1% | 11.5% |
| EPS, basic | $0.09 | $0.20 | $0.24 | $0.35 | $0.20 | $0.28 | $0.32 | $0.21 |
| EPS, diluted | $0.09 | $0.20 | $0.23 | $0.35 | $0.20 | $0.27 | $0.31 | $0.21 |
| Diluted shares | 108.47M | 106.56M | 106.02M | 106.48M | 108.18M | 110.67M | 115.82M | 118.11M |
Figures describe Iridium Communications shares, not any token. As of Jul 22, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.