No insider purchase over the last 90 days. The latest was filed 03 Nov 2025.
Iridium Communications Inc., founded in 2001, is a Technology company based in McLean, United States. Its directors and officers file their transactions with SEC (Form 4). 24 insiders have disclosed 88 filings since 18 October 2025.
Open-market activity splits into 2 purchases totalling €749k and 15 sales totalling €17.5M; 2 insiders sit on the buying side and 6 insiders on the selling side. Taken together, the sales exceed the purchases by €16.7M. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Those buying include 1 senior executive and 1 chief executive. Fitzpatrick Thomas filed the largest sale, €9.1M, on 19 August 2026, which represents 0.20% of the company's market value.
The data flag 1 purchase as part of a group of insiders buying within 30 days of each other. Purchases made close together by different insiders form what is called a cluster. The last insider purchase was made public on 3 November 2025, 349 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. Section 16 rules allow two business days to file each Form 4. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify.
With 88 filings in twelve months, the company is more active than the median of 19 filings across the 5,810 companies we follow on the same exchange. Over the whole record (from 2016), the tally stands at 4 purchases and 53 sales. The 10-K for the year ended 31 December 2025 shows 871.7 m USD of revenue and 114.4 m USD of net income.
In the same sector, recent insider purchases at Core Scientific, Inc./tx and Gitlab Inc. also feature in our signals. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
+2 other insiders
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Transparent value + quality ranking, distinct from the insider signal.
FY ended December 2025 · cache
25 of 456 declarations
Iridium Communications Inc. is a leading global satellite communications company listed on the NASDAQ market in the United States (United States) under the ticker IRDM. Headquartered in McLean, Virginia, Iridium occupies a distinctive niche in the space and telecom ecosystem thanks to its low-Earth-orbit satellite network, which provides truly global coverage, including polar and other hard-to-reach regions that are poorly served by terrestrial infrastructure. The company traces its roots to the original Iridium program launched in the late 1990s, followed by a relaunch in the early 2000s under a new ownership structure; the publicly traded company in its current form was later created in 2009 through a merger with a listed special-purpose acquisition company, giving it access to public capital markets. ([iridium.com](https://www.iridium.com/company/?utm_source=openai))
Iridium’s business model is built around recurring communications service revenue, supplemented by equipment sales and related services. The company operates as a single integrated segment focused on satellite voice and data communications for enterprises, U.S. and international government agencies, and specialized customers operating in mission-critical environments. Its core offerings include satellite voice, IoT data services, terminals and end-user devices, maritime and aviation solutions, and positioning, navigation and timing (PNT) capabilities. Iridium Certus is a key platform for higher-value broadband-style connectivity, while IoT and messaging solutions remain central to the company’s partner ecosystem and installed base. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1418819/000162828025005302/irdm-20241231.htm?utm_source=openai))
From a competitive standpoint, Iridium differentiates itself through its global coverage, proprietary L-band spectrum, and proven ability to serve mission-critical use cases. That positioning supports a resilient franchise against both traditional satellite rivals and newer direct-to-device entrants. Recent developments reinforce this strategic direction: in 2025, Iridium announced partnerships with Syniverse and Vodafone IoT to accelerate Iridium NTN Direct, its non-terrestrial network offering aimed at NB-IoT and direct-to-device connectivity. The company also selected Mavenir to deploy the core network supporting those services, strengthening interoperability with the broader mobile ecosystem. In addition, Iridium said in 2025 that it was progressing with live testing ahead of the commercial introduction of NTN Direct. ([investor.iridium.com](https://investor.iridium.com/2025-05-29-Iridium-and-Syniverse-Partner-to-Bring-Direct-to-Device-Satellite-Connectivity-to-Mobile-Network-Operators-Worldwide?asPDF=1&utm_source=openai))
For investors, IRDM combines subscription-like revenue characteristics, a rare technology moat, and growth optionality across IoT, aviation, maritime, defense, and direct-to-device applications. It should therefore be viewed as a specialized satellite communications platform rather than a conventional telecom operator. ([iridium.com](https://www.iridium.com/company/investor-relations?utm_source=openai))
Purchases our model currently ranks for the recommendations list.
All recommendationsHeadquarters: McLean, United States · Founded: 2001 · Wikipedia article
Source: Wikidata (CC0).
| Fiscal year end | Revenue | Net income | Diluted EPS | Dividend per share | Filing |
|---|---|---|---|---|---|
| Dec 2025 | 871.7 m USD | 114.4 m USD | 1.06 USD | n.d. | 10-K |
| Dec 2024 | 830.7 m USD | 112.8 m USD | 0.94 USD | n.d. | 10-K |
| Dec 2023 | 790.7 m USD | 15.4 m USD | 0.12 USD | 0.13 USD | 10-K |
| Dec 2022 | 721.0 m USD | 8.7 m USD | 0.07 USD | n.d. | 10-K |
| Dec 2021 | 614.5 m USD | -9.3 m USD | n.d. | n.d. | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.