IRDMNasdaqCommunications Services, NECFiscal year ends December 31
Iridium Communications Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 20, 2026
$44.18+0.42 (+0.96%)
Close on Oct 19, 2026
- Market cap
- $4.79B
- P/E (TTM)
- 50.2
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
86.1%
91M of 106M shares
Institutional holders
481
156 new, 48 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
2 buys · 16 sales
Net sold $19.52M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Ronald Baron | 8,377,907 | 7.75% | 13G (passive) amendment | Jun 30, 2025 |
| AQR Capital Management Holdings, LLC | 6,979,683 | 6.60% | 13G (passive) | Jun 30, 2026 |
| Vanguard Portfolio Management | 6,103,943 | 5.81% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 13,072,774 | 12.50% | 13G (passive) amendment | Dec 31, 2025 |
| Fahd bin Khalid bin Abdullah bin Abdulrahman, as legal representative of the Estate of the late Khalid Bin Abdullah Bin Abdulrahman | 10,432,489 | 9.96% | 13D (active) amendment | Nov 24, 2025 |
| Estate of the late Khalid bin Abdullah bin Abdulrahman | 10,000,000 | 9.53% | 13D (active) amendment | Apr 2, 2026 |
| Baralonco Limited | 10,000,000 | 9.44% | 13D (active) amendment | Jul 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of IRDM | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 13,447,338 | 12.69% | $737.59M | −492,280 | 0.01% |
| Aqr Capital Management LLC | 6,847,072 | 6.46% | $374.33M | +3,929,245 | 0.13% |
| Vanguard Portfolio Management LLC | 5,440,399 | 5.13% | $298.41M | −651,350 | 0.01% |
| American Century Companies Inc | 4,856,440 | 4.58% | $266.38M | +1,386,486 | 0.12% |
| State Street Corp | 4,733,714 | 4.47% | $259.64M | −316,452 | 0.01% |
| Vanguard Capital Management LLC | 4,232,161 | 3.99% | $232.13M | +120,836 | 0.00% |
| Silver Heights Capital Management Inc | 3,274,947 | 3.09% | $179.63M | −1,870,532 | 55.43% |
| Gotham Asset Management, LLC | 2,514,317 | 2.37% | $137.91M | −839,654 | 0.32% |
| Dimensional Fund Advisors LP | 2,357,845 | 2.23% | $129.33M | +198,784 | 0.02% |
| Van Eck Associates Corp | 2,270,799 | 2.14% | $124.55M | +766,171 | 0.08% |
| Pacer Advisors, Inc. | 2,168,271 | 2.05% | $118.93K | +1,277,889 | 0.30% |
| Geode Capital Management, LLC | 2,044,823 | 1.93% | $112.19M | +37,812 | 0.01% |
| Morgan Stanley | 1,517,404 | 1.43% | $83.23M | −65,933 | 0.00% |
| Charles Schwab Investment Management Inc | 1,317,782 | 1.24% | $72.28M | −48,223 | 0.01% |
| ARK Investment Management LLC | 1,215,113 | 1.15% | $66.65M | −511,689 | 0.43% |
| Bank of New York Mellon Corp | 1,144,055 | 1.08% | $62.75M | −6,395 | 0.01% |
| UBS Group AG | 1,005,602 | 0.95% | $55.16M | −278,959 | 0.01% |
| Balyasny Asset Management L.P. | 967,572 | 0.91% | $53.07M | +844,017 | 0.07% |
| Invesco Ltd. | 908,134 | 0.86% | $49.81M | −79,792 | 0.00% |
| Northern Trust Corp | 854,112 | 0.81% | $46.85M | −9,382 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 481 | 91M | 86.1% | 156 / 152 | 126 / 48 | 17M | 15M |
| Q1 2026 | 382 | 90M | 85.2% | 108 / 123 | 102 / 45 | 22M | 15M |
| Q4 2025 | 325 | 94M | 88.6% | 64 / 109 | 114 / 60 | 16M | 24M |
| Q3 2025 | 324 | 102M | 96.4% | 63 / 116 | 112 / 68 | 24M | 23M |
| Q2 2025 | 331 | 102M | 95.9% | 49 / 109 | 145 / 67 | 8M | 11M |
| Q1 2025 | 351 | 105M | 98.8% | 51 / 138 | 120 / 46 | 14M | 9M |
| Q4 2024 | 349 | 100M | 94.6% | 48 / 130 | 127 / 50 | 9M | 7M |
| Q3 2024 | 353 | 99M | 93.2% | 50 / 117 | 135 / 35 | 18M | 10M |
| Q2 2024 | 344 | 102M | 96.3% | 55 / 116 | 130 / 38 | 10M | 15M |
| Q1 2024 | 329 | 107M | 100.0% | 44 / 142 | 105 / 58 | 17M | 14M |
| Q4 2023 | 345 | 105M | 98.9% | 45 / 110 | 143 / 55 | 11M | 7M |
| Q3 2023 | 360 | 101M | 95.5% | 37 / 114 | 162 / 68 | 6M | 8M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of IRDM | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 6,369,796 | 6.01% | $349.38M | 0.31% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 3,692,023 | 3.48% | $191.17M | 0.71% | May 31, 2026 |
| Vanguard Total Stock Market Index Fund | 2,850,662 | 2.69% | $156.36M | 0.01% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,061,767 | 1.95% | $113.09M | 0.06% | Jun 30, 2026 |
| Pacer US Large Cap Cash Cows Growth Leaders ETF | 1,985,513 | 1.87% | $93.99M | 4.25% | Jul 31, 2026 |
| Tema Space Innovators ETF | 1,323,671 | 1.25% | $68.54M | 2.63% | May 31, 2026 |
| Vanguard Extended Market Index Fund | 1,212,948 | 1.14% | $66.53M | 0.07% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 1,187,294 | 1.12% | $65.12M | 0.14% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 967,902 | 0.91% | $53.09M | 0.31% | Jun 30, 2026 |
| Vanguard Tax-Managed Small-Cap Fund | 716,657 | 0.68% | $39.31M | 0.34% | Jun 30, 2026 |
| iShares U.S. Telecommunications ETF | 668,711 | 0.63% | $36.68M | 2.95% | Jun 30, 2026 |
| iShares S&P Small-Cap 600 Growth ETF | 579,565 | 0.55% | $31.79M | 0.39% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 538,008 | 0.51% | $27.86M | 0.07% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 504,208 | 0.48% | $26.11M | 0.11% | May 31, 2026 |
| State Street(R) SPDR(R) S&P(R) Telecom ETF | 472,012 | 0.45% | $25.89M | 3.64% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Suzanne E. McBride | Chief Operations Officer, Director | 260,991 | 0.25% | Sep 2, 2026 |
| Matthew J. Desch | Chief Executive Officer, Director | 1,441,434 | 1.36% | Sep 2, 2026 |
| Timothy James Last | EVP, Sales & Marketing | 84,130 | 0.08% | Sep 16, 2026 |
| Scott Scheimreif | EVP-Government Programs | 257,552 | 0.24% | Sep 2, 2026 |
| Kathleen A. Morgan | Chief Legal Officer | 122,818 | 0.12% | Sep 2, 2026 |
| Timothy Kapalka | CAO Iridium Satellite LLC | 35,038 | 0.03% | Sep 2, 2026 |
| Vincent James O'Neill | Chief Financial Officer | 126,944 | 0.12% | Sep 2, 2026 |
| Donald Lee Thoma | EVP, Aireon | 50,177 | 0.05% | Jul 13, 2026 |
| Bryan J. Hartin | EVP-SALES AND MARKETING | 94,928 | 0.09% | Dec 23, 2024 |
| Robert H. Niehaus | Director | 266,910 | 0.25% | Aug 19, 2026 |
| Thomas Fitzpatrick | Director | 43,260 | 0.04% | Aug 19, 2026 |
| Eric T. Olson | Director | 149,680 | 0.14% | Aug 19, 2026 |
| Kay Sears | Director | 30,114 | 0.03% | Jul 2, 2026 |
| Monique S. Shivanandan | Director | 15,939 | 0.02% | Jul 2, 2026 |
| Thomas C. Canfield | Director | 270,976 | 0.26% | Jul 2, 2026 |
| Jacqueline E. Yeaney | Director | 25,340 | 0.02% | Jul 2, 2026 |
| Leon Anthony Frazier | Director | 46,504 | 0.04% | Jul 2, 2026 |
| Louis M. Alterman | Director | 13,810 | 0.01% | Jul 2, 2026 |
| A. B. Krongard | Director | 527,525 | 0.50% | Apr 2, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Timothy James Last EVP, Sales & Marketing | Sep 15, 2026 | Sale | −5,769 | $46.35 | $267.39K | 84,130 |
| Timothy James Last EVP, Sales & Marketing | Sep 3, 2026 | Sale | −2,013 | $47.36 | $95.34K | 89,899 |
| Matthew J. Desch Chief Executive Officer, Director | Sep 1, 2026 | Tax withholding | −9,583 | $46.98 | $450.21K | 1,441,434 |
| Timothy Kapalka CAO Iridium Satellite LLC | Sep 1, 2026 | Tax withholding | −693 | $46.98 | $32.56K | 35,038 |
| Timothy James Last EVP, Sales & Marketing | Sep 1, 2026 | Tax withholding | −1,501 | $46.98 | $70.52K | 91,912 |
| Vincent James O'Neill Chief Financial Officer | Sep 1, 2026 | Tax withholding | −1,461 | $46.98 | $68.64K | 126,944 |
| Suzanne E. McBride Chief Operations Officer, Director | Sep 1, 2026 | Tax withholding | −3,623 | $46.98 | $170.21K | 260,991 |
| Scott Scheimreif EVP-Government Programs | Sep 1, 2026 | Tax withholding | −2,207 | $46.98 | $103.68K | 257,552 |
| Kathleen A. Morgan Chief Legal Officer | Sep 1, 2026 | Tax withholding | −2,053 | $46.98 | $96.45K | 122,818 |
| Suzanne E. McBride Chief Operations Officer, Director | Aug 20, 2026 | Gift | −17,403 | – | – | 264,614 |
| Thomas Fitzpatrick Director | Aug 18, 2026 | Sale | −15,046 | $49.20 | $740.26K | 43,260 |
| Timothy Kapalka CAO Iridium Satellite LLC | Aug 17, 2026 | Sale | −13,473 | $50.51 | $680.52K | 35,731 |
| Robert H. Niehaus Director | Aug 17, 2026 | Gift | −50,000 | – | – | 266,910 |
| Kathleen A. Morgan Chief Legal Officer | Aug 17, 2026 | Sale | −32,648 | $50.34 | $1.64M | 125,415 |
| Kathleen A. Morgan Chief Legal Officer | Aug 17, 2026 | Sale | −544 | $50.85 | $27.66K | 124,871 |
| Suzanne E. McBride Chief Operations Officer, Director | Aug 17, 2026 | Sale | −85,454 | $50.28 | $4.30M | 282,017 |
| Timothy James Last EVP, Sales & Marketing | Aug 17, 2026 | Sale | −500 | $50.88 | $25.44K | 93,413 |
| Timothy James Last EVP, Sales & Marketing | Aug 17, 2026 | Sale | −19,021 | $50.33 | $957.33K | 93,913 |
| Thomas Fitzpatrick Director | Aug 17, 2026 | Sale | −209,233 | $50.22 | $10.51M | 58,306 |
| Eric T. Olson Director | Aug 17, 2026 | Sale | −8,000 | $50.61 | $404.88K | 149,680 |
| Donald Lee Thoma EVP, Aireon | Jul 10, 2026 | Award | +41,949 | – | – | 41,949 |
| Kay Sears Director | Jun 30, 2026 | Award | +29.8 | – | – | 30,114 |
| Louis M. Alterman Director | Jun 30, 2026 | Award | +37.7 | – | – | 13,810 |
| Thomas Fitzpatrick Director | Jun 30, 2026 | Award | +48.5 | – | – | 267,539 |
| Leon Anthony Frazier Director | Jun 30, 2026 | Award | +92.7 | – | – | 46,504 |
| Robert H. Niehaus Director | Jun 30, 2026 | Award | +377.7 | – | – | 316,910 |
| Monique S. Shivanandan Director | Jun 30, 2026 | Award | +43.5 | – | – | 15,939 |
| Jacqueline E. Yeaney Director | Jun 30, 2026 | Award | +29.8 | – | – | 25,340 |
| Eric T. Olson Director | Jun 30, 2026 | Award | +384.8 | – | – | 157,680 |
| Thomas C. Canfield Director | Jun 30, 2026 | Award | +639 | – | – | 234,294 |
| Scott Scheimreif EVP-Government Programs | Jun 1, 2026 | Tax withholding | −2,205 | $51.78 | $114.17K | 259,759 |
| Suzanne E. McBride Chief Operations Officer, Director | Jun 1, 2026 | Tax withholding | −3,622 | $51.78 | $187.55K | 367,471 |
| Timothy Kapalka CAO Iridium Satellite LLC | Jun 1, 2026 | Award | +4,175 | – | – | 49,204 |
| Timothy Kapalka CAO Iridium Satellite LLC | Jun 1, 2026 | Tax withholding | −692 | $51.78 | $35.83K | 45,029 |
| Matthew J. Desch Chief Executive Officer, Director | Jun 1, 2026 | Tax withholding | −9,583 | $51.78 | $496.21K | 1,451,017 |
| Kathleen A. Morgan Chief Legal Officer | Jun 1, 2026 | Tax withholding | −2,052 | $51.78 | $106.25K | 158,063 |
| Timothy James Last EVP, Sales & Marketing | Jun 1, 2026 | Tax withholding | −1,498 | $51.78 | $77.57K | 112,934 |
| Vincent James O'Neill Chief Financial Officer | Jun 1, 2026 | Tax withholding | −1,459 | $51.78 | $75.55K | 128,405 |
| Thomas C. Canfield Director | May 20, 2026 | Returned to company | −135.7 | – | – | 233,655 |
| Timothy Kapalka CAO Iridium Satellite LLC | Apr 6, 2026 | Sale(10b5-1 plan) | −2,043 | $33.00 | $67.42K | 45,721 |
| Timothy Kapalka CAO Iridium Satellite LLC | Apr 2, 2026 | Sale(10b5-1 plan) | −3,790 | $31.00 | $117.49K | 47,764 |
| Thomas C. Canfield Director | Mar 31, 2026 | Award | +1,257.4 | – | – | 233,791 |
| Thomas Fitzpatrick Director | Mar 31, 2026 | Award | +95.4 | – | – | 267,490 |
| Kay Sears Director | Mar 31, 2026 | Award | +58.5 | – | – | 30,084 |
| Jacqueline E. Yeaney Director | Mar 31, 2026 | Award | +58.5 | – | – | 25,310 |
| A. B. Krongard Director | Mar 31, 2026 | Award | +639.6 | – | – | 366,542 |
| Monique S. Shivanandan Director | Mar 31, 2026 | Award | +85.5 | – | – | 15,895 |
| Leon Anthony Frazier Director | Mar 31, 2026 | Award | +182.4 | – | – | 46,411 |
| Louis M. Alterman Director | Mar 31, 2026 | Award | +74.1 | – | – | 13,772 |
| Robert H. Niehaus Director | Mar 31, 2026 | Award | +742.9 | – | – | 316,533 |
| Eric T. Olson Director | Mar 31, 2026 | Award | +756.7 | – | – | 157,295 |
| Timothy James Last EVP, Sales & Marketing | Mar 9, 2026 | Tax withholding | −2,335 | $24.01 | $56.06K | 114,432 |
| Matthew J. Desch Chief Executive Officer, Director | Mar 9, 2026 | Tax withholding | −8,747 | $24.01 | $210.02K | 1,460,600 |
| Vincent James O'Neill Chief Financial Officer | Mar 9, 2026 | Tax withholding | −2,514 | $24.01 | $60.36K | 129,864 |
| Timothy Kapalka CAO Iridium Satellite LLC | Mar 9, 2026 | Tax withholding | −744 | $24.01 | $17.86K | 51,554 |
| Scott Scheimreif EVP-Government Programs | Mar 9, 2026 | Tax withholding | −2,397 | $24.01 | $57.55K | 261,964 |
| Kathleen A. Morgan Chief Legal Officer | Mar 9, 2026 | Tax withholding | −2,191 | $24.01 | $52.61K | 160,115 |
| Suzanne E. McBride Chief Operations Officer, Director | Mar 9, 2026 | Tax withholding | −3,067 | $24.01 | $73.64K | 371,093 |
| Timothy James Last EVP, Sales & Marketing | Mar 1, 2026 | Award | +66,805 | – | – | 120,650 |
| Timothy James Last EVP, Sales & Marketing | Mar 1, 2026 | Tax withholding | −3,883 | $22.49 | $87.33K | 116,767 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| J. Last Timothy Officer | Sep 15, 2026 | 5,769 | $267.39K | Sep 15, 2026 | Restricted Stock |
| J. Last Timothy Officer | Sep 3, 2026 | 2,013 | $95.34K | Sep 3, 2026 | Restricted Stock |
| Thomas Fitzpatrick Director | Aug 18, 2026 | 15,046 | $745.91K | Aug 18, 2026 | Employee Compensation |
| McBride Suzanne Officer, Director | Aug 17, 2026 | 85,454 | $4.30M | Aug 17, 2026 | Restricted Stock |
| T. Olson Eric Director | Aug 17, 2026 | 8,000 | $404.88K | Aug 17, 2026 | Restricted Stock |
| Fitzpatrick Thomas Director | Aug 17, 2026 | 209,233 | $10.51M | Aug 17, 2026 | Exercised Shares |
| J. Last Timothy Officer | Aug 17, 2026 | 19,521 | $982.75K | Aug 17, 2026 | Restricted Stock |
| Morgan Kathleen Officer | Aug 17, 2026 | 33,192 | $1.67M | Aug 17, 2026 | Restricted Stock |
| Fitzpatrick Thomas Director | Oct 31, 2025 | 20,839 | $375.10K | Oct 31, 2025 | Restricted Stock |
| Fitzpatrick Thomas Director | Oct 28, 2025 | 6,797 | $122.38K | Oct 28, 2025 | Restricted Stock |
| Fitzpatrick Thomas Director | Oct 27, 2025 | 3,331 | $59.96K | Oct 27, 2025 | Restricted Stock |
| Eric T. Olson Director | Feb 18, 2025 | 4,955 | $168.63K | Feb 18, 2025 | RESTRICTED STOCK |
| Kathleen A. Morgan Officer | Feb 18, 2025 | 15,005 | $503.93K | Feb 18, 2025 | RESTRICTED STOCK |
| Fitzpatrick Thomas Director | Jan 10, 2025 | 12,500 | $356.64K | Jan 10, 2025 | Stock Option Exercise |
| Suzanne E. McBride INSIDER | Nov 4, 2024 | 4,420 | $129.55K | Nov 4, 2024 | RESTRICTED STOCK |