Buyback Radar
Company reports

Iridium Communications

IRDM

Iridium Communications has retired 21.1% of its shares since 2020, from 134,279,633 to 105,960,383.

21.1%retired since 2020
19.8%last 5 years
-1.2%last 12 months
106Mshares today

At $43.76 a share, a market value of $4.6B. FCF yield 6.2%, P/E 49.7, trailing twelve months to June 2026.

Shares outstanding, 2009 to todaysplit adjusted, from SEC filings
134M shares, 2020106M2010201520202025
2009, 70,247,7012026-07-15, 105,960,383
A share bought in 2018
1.1× more of Iridium Communications today, without buying another share. It was one of 112,239,417 shares then. It is one of 105,960,383 now.
Every filing we read17 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20092010-03-1270,247,70110-Kcover page
20102010-12-3170,254,00010-K/A
20112012-03-0173,205,00810-K/A
20122013-02-2776,462,04510-K
20132014-02-2776,689,81410-K
20142015-02-2393,978,39810-K
20152016-02-2295,129,86710-K
20162017-02-1795,901,50410-K
20172018-02-1598,211,43310-K
20182019-02-22112,239,41710-K
20192019-12-31131,731,12510-K
20202021-02-05134,279,63310-K/A
20212022-02-15128,373,45210-K
20222023-02-10125,966,72310-K
20232024-02-09122,446,38610-K
20242025-02-07108,839,15910-K
20252026-02-06104,956,75910-K

Source: all 10-K filings of Iridium Communications on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, fiscal 2021 to 2025cash flow statement against share count
$1.3Bspent on buybacks
29Mfewer shares outstanding
4.0%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $43.76.

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Iridium Communications buybacks, answered

Is Iridium Communications buying back its stock?

Not on a net basis. Iridium Communications has 1.2% more shares outstanding than twelve months ago. Whatever it bought back did not cover the new shares it issued. Over five years the share count is down 19.8%.

How many shares has Iridium Communications bought back?

Net of every new share it issued, Iridium Communications has 28.3 million fewer shares than at its 2020 peak. That is 21.1% of the company.

How many shares does Iridium Communications have outstanding?

105,960,383 shares, as of July 15, 2026, from the cover page of its latest 10-Q. At the 2020 peak it had 134,279,633.

What do Iridium Communications' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Iridium Communications stock in 2020 owns 1.3 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Iridium Communications compare with other cannibal stocks?

Iridium Communications ranks No. 359 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: IMAX (21.3%), Snap-on (21.1%), Rave Restaurant Group (21.1%), Johnson & Johnson (20.9%).

Every answer is computed from Iridium Communications' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Chuck RoyceRoyce & Associates47,744 shares, $2.6M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

DESCH MATTHEW JDirector; CHIEF EXECUTIVE OFFICER2025-10-30, 20,000 shares at $17.33 $347K total
NIEHAUS ROBERT HDirector2025-10-28, 30,000 shares at $17.49 $525K total

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Iridium Communications in depth on Cannibal Stocks.

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