Iridium Communications Inc. (IRDM) saw its stock price soar 7.07% during intraday trading on Thursday.
The significant move followed the company's release of its fourth-quarter and full-year 2025 financial results. Iridium reported quarterly earnings per share of $0.24, meeting analyst expectations, while revenue was slightly below estimates. For the full year, the company posted a 5% increase in Operational EBITDA to $495.33 million and net income of $114.37 million. Growth was driven by an 11% year-over-year rise in commercial IoT data revenue for the quarter and a 3% increase in total billable subscribers.
Investors reacted positively to the company's issued guidance for 2026, which projects total service revenue growth to be flat to 2% and targets an improvement in net leverage. CEO Matt Desch highlighted the company's strong cash flow and focus on growth opportunities in specialized segments, contributing to the optimistic market sentiment.