v3.25.3

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 88,533	$ 93,526
Accounts receivable, net	94,494	98,803
Inventory	76,187	81,283
Prepaid expenses and other current assets	16,748	19,118
Total current assets	275,962	292,730
Property and equipment, net	1,993,124	2,080,544
Equity Method Investments	40,351	42,516
Other assets	57,756	66,618
Intangible assets, net	87,915	90,877
Goodwill	98,942	98,186
Total assets	2,554,050	2,671,471
Current liabilities:
Short-term secured debt	0	33,118
Accounts payable	13,152	19,715
Accrued expenses and other current liabilities	48,571	64,811
Deferred revenue	41,526	51,570
Total current liabilities	103,249	169,214
Long-term secured debt, net	1,809,843	1,757,767
Deferred income tax liabilities, net	125,792	114,140
Deferred revenue, net of current portion	35,425	38,259
Other long-term liabilities	29,244	15,454
Total liabilities	2,103,553	2,094,834
Commitments and contingencies
Stockholders’ equity:
Additional paid-in capital	889,398	964,348
Accumulated deficit	(443,419)	(406,092)
Accumulated other comprehensive income, net of tax	4,413	18,271
Total stockholders’ equity	450,497	576,637
Total liabilities and stockholders’ equity	2,554,050	2,671,471
Common Stock, Shares [Member]
Stockholders’ equity:
Common stock, $0.001 par value, 300,000 shares authorized, 104,736 and 110,357 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively	$ 105	$ 110

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Iridium Communications Inc. 10-Q