Inferra AI / Company / GSAT
Globalstar, Inc.
GSAT · Communication Services
Last earnings Aug 6, 2026
Key results
Revenuequarter
$67.1 million
revenue of $67.1 million, an 11% increase over the prior-year period driven by higher wholesale capacity services and Commercial IoT revenue Entered into a launch services agreement with SpaceX for the launch of the second set of replacement satellites under construction by MDA Space pursuant to our 2022 satellite proc
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Our second quarter results were strong with revenue increasing 11% to $67.1 million.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Net incomequarter
$19.2 million
Net income for the quarter was $19.2 million, while Adjusted EBITDA* was $35.8 million for the quarter, up from $32.6 million in the second quarter 2024 and reflecting a margin of 53%.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Total revenuequarter
$67.1 million
SECOND QUARTER FINANCIAL REVIEW Revenue Total revenue for the second quarter of 2025 was $67.1 million, which was comprised of $63.2 million of service revenue and $3.9 million of revenue generated from subscriber equipment sales.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Total revenue increased 11% from the prior year's second quarter due primarily to an increase in wholesale capacity services revenue and higher Commercial IoT subscribers and device sales.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
For subscriber driven service revenue, Commercial IoT service revenue increased 5% from the prior year's second quarter due to an increase in the average number of subscribers.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Net Income (Loss) 2 Net income was $19.2 million for the second quarter of 2025, compared to net loss of $9.7 million for the prior year's second quarter.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Comparing the second quarter of 2025 to the prior year's second quarter, Adjusted EBITDA was unfavorably impacted by these costs (net of revenue) by $1.9 million.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
AI analysis
Q2 2025 · reported Aug 7, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · Aug 7, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $67.1 million | — | — |
| Net income | $19.2 million | — | — |
| Total revenue | $67.1 million | — | — |
Guidance · company-stated
Direction: Reiterated
“Looking to the back half of the year, we are reiterating our previously-issued financial guidance for the year, with full year revenue expected to be in the range of $260 million to $285 million, and Adjusted EBITDA margin expected to be approximately 50%, commented Rebecca Clary, Chief Financial Officer.”
“FINANCIAL OUTLOOK We reiterate our financial outlook for 2025, as follows Total revenue between $260 million and $285 million Adjusted EBITDA margin of approximately 50% 4 This guidance reflects our current expectations that the potential impacts from tariffs will be minimal.”
Classified from the release's primary full-year outlook statement.
Capital allocation
During the first six months of 2025, net cash flows generated from operations were $209.7 million, capital expenditures were $271.8 million and net cash flows used in financing activities were $22.0 million.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue +287.5% computed from stated figures
Event summary
GLOBALSTAR ANNOUNCES SECOND QUARTER 2025 FINANCIAL RESULTS
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Reiterated
Revenue: “Looking to the back half of the year, we are reiterating our previously-issued financial guidance for the year, with full year revenue expected to be in the range of $260 million to $285 million, and Adjusted EBITDA margin expected to be approximately 50%, commented Rebecca Clary, Chief Financial Officer.”
Revenue: “FINANCIAL OUTLOOK We reiterate our financial outlook for 2025, as follows Total revenue between $260 million and $285 million Adjusted EBITDA margin of approximately 50% 4 This guidance reflects our current expectations that the potential impacts from tariffs will be minimal.”
Revenue — Reiterated (“reiterating”)
“Looking to the back half of the year, we are reiterating our previously-issued financial guidance for the year, with full year revenue expected to be in the range of $260 million to $285 million, and Adjusted EBITDA margin expected to be approximately 50%, commented Rebecca Clary, Chief Financial Officer.”
Revenue — Reiterated (“reiterate”)
“FINANCIAL OUTLOOK We reiterate our financial outlook for 2025, as follows Total revenue between $260 million and $285 million Adjusted EBITDA margin of approximately 50% 4 This guidance reflects our current expectations that the potential impacts from tariffs will be minimal.”
Classified from the release's primary full-year outlook statement.
Capital allocation
During the first six months of 2025, net cash flows generated from operations were $209.7 million, capital expenditures were $271.8 million and net cash flows used in financing activities were $22.0 million.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
The net decrease in cash and cash equivalents during the first six months of 2025 was due primarily to capital expenditures associated with our commitments under the Updated Services Agreements, offset partially by funding of $124.7 million received in connection with the Infrastructure Prepayment (as described further in our periodic reports).
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Financing activities relate primarily to recoupment of the 2021 Funding Agreement by our largest customer and preferred stock dividend payments.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
The principal amount of our debt outstanding was $400.2 million at June 30, 2025, compared to $417.5 million at December 31, 2024.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
(3) Free cash flow is calculated using net cash provided by operating activities less capital expenditures (which may also be referred to as network upgrades).
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
The Company excludes capital expenditure payments made pursuant to the Updated Services Agreements amounts which are prepaid by the Customer pursuant to such agreements, that are recorded as operating cash flows, are also excluded from this calculation as those amounts are used to fund associated capital expenditures.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Strategy & priorities
Jacobs, Chief Executive Officer, commented, I am pleased with the execution on our infrastructure expansion plan to support the launch and operation of our third-generation C-3 satellite system.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Following this milestone, the parties executed a commercial access agreement advancing the strategic partnership into the commercial phase of a joint solution integrating Globalstar s satellite capabilities with Parsons advanced software-defined communication technologies.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
This significant international expansion is expected to include approximately 90 additional antennas installed at 35 ground stations in 25 countries around the world, which together with the addition of 48 operational C-3 satellites, is designed to significantly enhance the Company s satellite network capacity, resilience, and global reach.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Investing outflows largely relate to network expansion and upgrades, including satellite construction and launch costs.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
These forward-looking statements generally are identified by the words believe, project, might, could, expect, anticipate, estimate, intend, strategy, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions, although not all forward-looking statements contain these identifying words.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Risks & headwinds
FINANCIAL OUTLOOK We reiterate our financial outlook for 2025, as follows Total revenue between $260 million and $285 million Adjusted EBITDA margin of approximately 50% 4 This guidance reflects our current expectations that the potential impacts from tariffs will be minimal.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Risks and uncertainties that could cause or contribute to such differences include, without limitation, those described under Item 1A.
SEC original ↗Globalstar, Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q2 2026
- 10-QGSAT
Aug 6, 2026
- 8-KGSAT
Aug 6, 2026
- Q1 2026
- 8-KGSAT
May 15, 2026
- 10-QGSAT
May 7, 2026
- 8-KGSAT
May 7, 2026
- 8-KGSAT
Apr 14, 2026
- Q4 2025
- 10-KGSAT
Feb 27, 2026
- 8-KGSAT
Feb 27, 2026
- Q3 2025
- 10-QGSAT
Nov 6, 2025
- 8-KGSAT
Nov 6, 2025
- Q2 2025
- 10-QGSAT
Aug 7, 2025
- 8-KGSAT
Aug 7, 2025
- Q1 2025
- 8-KGSAT
May 21, 2025
- 10-QGSAT
May 8, 2025
- 8-KGSAT
May 8, 2025
- Q4 2024
- 10-KGSAT
Feb 28, 2025
- 8-KGSAT
Feb 27, 2025
- 8-KGSAT
Feb 7, 2025
- 8-KGSAT
Jan 21, 2025
- Q3 2024
- 8-KGSAT
Dec 19, 2024
- 8-KGSAT
Dec 12, 2024
- 10-QGSAT
Nov 7, 2024
- 8-KGSAT
Nov 7, 2024
- 8-KGSAT
Nov 7, 2024
- 8-KGSAT
Nov 1, 2024
- Q2 2024
- 10-QGSAT
Aug 8, 2024
- 8-KGSAT
Aug 8, 2024
- Q1 2024
- 8-KGSAT
May 21, 2024
- 10-QGSAT
May 8, 2024
- 8-KGSAT
May 8, 2024
Earnings releases
12 documentsPresentations
0 documentsNo presentations for Globalstar, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Globalstar, Inc. are held in this edition of the library.
Mentioned by
6 companiesOther tracked companies whose held documents mention Globalstar, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“t six months of 2026 was $43.5 million compared to $77.9 million during the same period… …Globalstar does not intend to hold future earnings conference calls or provide updates to forward-looking guidance. 4 About Globalstar, Inc. Globalstar is a glo”
“1995. These forward-looking statements generally are identified by the words “believe,”… …GLOBALSTAR ANNOUNCES THIRD QUARTER 2025 FINANCIAL RESULTS Reports revenue growth; reaffirms financial outlook • Generated third quarter 2025 revenue of $73.8 mi”
“irst quarter of 2026 was $28.9 million compared to $47.6 million during the same period… …Globalstar does not intend to hold future earnings conference calls or provide updates to forward-looking guidance. 3 About Globalstar, Inc. Globalstar is a glo”
“…Amazon's low Earth orbit satellite network with Globalstar's infrastructure and spectrum assets, the acquisition enables faster deployment of D2D connectivity at scale—reaching areas where terrestrial deploym”
“osed transactions, including the effects of any outcomes related thereto; (iii)… …and/or Globalstar’s stock price, including the risk that the price of Amazon’s common stock payable as merger consideration may decline prior to or following the compl”
“ive broadcasts, up 18% compared to last year on cable. • Announced planned acquisition of Globalstar, which will enable Amazon Leo to add direct-to-device services to its network, and that… …equipment, net of proceeds from sales and incentives. This ”
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