Iridium Communications Inc

IRDM Communications Services, Nec · Nasdaq

Market statistics

Annualised volatility 62.5%
Beta vs SPY 1.40
Market correlation 0.288
Rate sensitivity -0.22
Volatility sensitivity -0.26
Traded per day $96.0M

Measured from daily returns over the past year. That is not the same estimator as the beta quoted on most finance sites, which is usually five years of monthly returns, and in a market where single stocks move on their own news the daily figure comes out materially lower. Over this window the average large-cap correlation to the index is far below its long-run level: a low number here is a statement about the last twelve months, not a claim that the security is uncorrelated with the market in general.

As filed with the SEC twelve months to 2025-12-31 · balance sheet 2026-03-31

Revenue $871.7M
Operating income $236.0M
Net income $114.4M
Diluted EPS $1.06
Total assets $2.53B
Total liabilities $2.06B
Shareholders’ equity $468.4M
Cash & equivalents $111.6M

Short selling — three different measurements

Shares short 2.9M
Days to cover 2.8
Change vs prior -16.9%
Short share of volume 48.2%
Largest fail balance 9.6M
Dates with a fail balance 16

These measure different things and are routinely confused. Shares short is an outstanding position, reported twice monthly (settlement 2026-08-14). Short share of volume counts sell-side transactions flagged short each day, most of which is market-maker hedging closed the same session — the market-wide median is around half. Fail balances are shares that did not settle on time; the SEC states these are cumulative balances whose age cannot be determined, and they are not evidence of naked short selling.

Ownership

Institutions reporting a position 376
Reported value $2.35B

Largest reported holdersamong the managers stored here

ManagerReported valueShares
Gotham Asset Management, LLC $93.0M 3,353,971
Select Equity Group, L.P. $26.1M 942,519

Schedule 13D activist stakesfilers declaring intent to influence

Filer% of classFiledForm
Baralonco Ltd 9.4% 2026-08-04 SCHEDULE 13D/A
Baralonco Ltd 9.5% 2026-04-02 SCHEDULE 13D/A

On the public record

Moves most like

Ticker1-year correlationVolatility vs IRDM
UFO Procure Space ETF 0.613 0.66×
VSAT ViaSat, Inc. 0.586 1.31×
RKLB Rocket Lab Corporation 0.475 1.52×
PL Planet Labs PBC Class A 0.467 1.49×
TSAT Telesat Corporation - Class A Common Shares and Class B Variable Voting… 0.461 1.50×
CGNX Cognex Corporation 0.425 0.94×
IPGP IPG Photonics Corporation 0.424 1.15×
GSAT Globalstar, Inc. 0.417 0.97×

What is on this page

Everything this site holds about one security, from sources that are all public record. The figures come from different places and mean different things, so each block says where it came from.

What is deliberately absent

No price, no chart, no market capitalisation, no valuation ratio. The daily price history behind the statistics above is licensed from a commercial vendor and cannot be republished — and publishing a market cap alongside a share count would hand the price straight back. Every number here is either a public filing or a statistic from which the underlying series cannot be reconstructed.

Coverage

US securities trading at least $1 million a day with three years of history. Sections appear only where there is something to show: a fund has no income statement, most companies have no activist stake, and only a few dozen listed companies hold material federal contracts.