Net income rose 187.9% to $106.9M in the third quarter, primarily the result of the gain related to the acquisition of Aireon, while operating income fell 54.9% to $31.6M.

Filed October 20, 2026 · Period ending September 30, 2026 · Compared to 10-Q Oct 23, 2025 · ~2 min read

Key Changes

• high

  Total revenue rose 8.3% to $245.7M, with hosted payload and other data revenue up 121.3% to $41.4M, primarily due to the inclusion of Aireon revenue totaling $26.3 million.

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• high

  Operating income fell 54.9% to $31.6M, as selling, general and administrative expenses increased 111.0% to $74.9M, primarily due to increases in transaction costs totaling $21.3 million associated with the Transaction and the Aireon acquisition.

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• high

  Iridium entered into a definitive merger agreement with Rocket Lab, under which stockholders will receive $27.00 in cash and shares of Rocket Lab common stock; the transaction is expected to close by mid-2027.

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