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Billable Subscribers by Segment
Shows the number of paying subscribers in each business line (for example IoT, maritime, aviation, enterprise, and government). Growth or decline by segment reveals where demand is expanding or weakening, indicates retention trends, and signals future revenue runway and scale potential.IoT Data is the clear growth engine with steady acceleration into 2026, while Voice & Data subscriptions have drifted lower but revenue held up thanks to rising ARPU, per management. Government subscribers are down even as government revenue benefits from contract step-ups (EMSS), indicating fewer but higher‑value customers. Broadband is a tiny, stagnant franchise vulnerable to customer migrations to lower‑cost backup services. Management’s guidance and product pipeline suggest future upside hinges on sustained IoT momentum, continued ARPU gains, and timely PNT contract conversions.
Date | Government Service | Voice & Data, Commercial | IoT Data, Commercial | Broadband, Commercial |
|---|---|---|---|---|
Jun 30, 2026 | 118.00K | 402.00K | 2.09M | 16.00K |
Mar 31, 2026 | 121.00K | 399.00K | 2.02M | 16.10K |
Dec 31, 2025 | 121.00K | 402.00K | 2.00M | 16.10K |
Sep 30, 2025 | 124.00K | 411.00K | 1.99M | 16.30K |
Jun 30, 2025 | 128.00K | 415.00K | 1.92M | 16.30K |
Mar 31, 2025 | 133.00K | 409.00K | 1.89M | 16.30K |
Dec 31, 2024 | 141.00K | 415.00K | 1.89M | 16.60K |
Sep 30, 2024 | 141.00K | 422.00K | 1.90M | 16.70K |
Jun 30, 2024 | 142.00K | 417.00K | 1.84M | 16.80K |
Mar 31, 2024 | 145.00K | 405.00K | 1.77M | 16.60K |