IRDM Iridium Communications Inc.

Last updated: Mar 17, 2026

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Execution Consistency

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q3 2025: $130M, Q2 2025: $98M, Q1 2025: $57M, Q3 2024: $75M

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Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $130M vs trailing avg $77M (+69%)

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What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Negative FCF ($-5M), cannot compute buyback ratio

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How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 84,000 shares = 0.1% of 125,902,000 outstanding (annualized)

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Are officers and directors buying stock with their own money on the open market?

2 open-market purchases by 2 insiders

DESCH MATTHEW J (CHIEF EXECUTIVE OFFICER) bought 20,000 shares at $17.33 on 2025-10-30
NIEHAUS ROBERT H () bought 30,000 shares at $17.49 on 2025-10-28

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Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

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Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $1M, sold $3M (net selling)

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Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 3.4x more than bought. 2 C-suite officers among sellers