10-Q

Quarterly report

✓ VerifiedIridium's quarterly report shows billable subscribers up 5% to approximately 2,555,000, commercial services revenue up 2%, and the fixed $110.5 million annual EMSS government contract fee.

Filed Apr 23, 2026 · 07:01 ET

Summary

Billable subscribers reached approximately 2,555,000, up 112,000 or 5% year over year.
Commercial services revenue rose $2.9 million, or 2%, on IoT and voice-and-data gains, with commercial IoT up 5% on 7% subscriber growth.
The EMSS government contract fee is fixed at $110.5 million per year for the remainder of the term regardless of usage.
Subscriber equipment revenue fell 13% to $20.2 million on lower handset and transceiver volume.

Key facts

Subscribers: approximately 2,555,000, up 5%
From the filing for Subscribers
“we had approximately 2,555,000 billable subscribers worldwide, an increase of 112,000, or 5%”
EMSS fee: $110.5 million per year
From the filing for EMSS fee
“The service fee under the EMSS contract is fixed at $110.5 million per year for the remainder of the term”

Why it mattersThis is the steady subscription machine Rocket Lab agreed to buy ten weeks later.

Filed: Apr 23, 2026
Accepted: 2026-04-23 11:01Z
Period: Mar 31, 2026
Accession no.: 0001418819-26-000026
Size: 5.5 MB
Index: Filing index

Summary

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