Iridium Communications Inc. (NASDAQ: IRDM) saw its stock price surge 5.58% during pre-market trading on Thursday. The significant move followed the release of the company's fourth-quarter and full-year 2025 financial results.
The satellite communications provider reported quarterly earnings per share of $0.24, meeting analyst expectations. For the full year 2025, the company posted a 5% increase in Operational EBITDA to $495.33 million and a net income of $114.37 million. Growth was driven by a 3% year-over-year increase in total billable subscribers and an 11% rise in commercial IoT data revenue for the quarter.
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.