Globalstar (GSAT) Reports Q2 Loss, Lags Revenue Estimates
Globalstar (GSAT) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to earnings of $0.13 per share a year ago.

Globalstar, Inc. operates globally, delivering a range of mobile satellite communication solutions. Its offerings encompass two-way voice and data satellite communication, available ...
Plutux is not an investment adviser. Market data and AI-generated analysis are for information and education only, not investment advice. Disclaimer
Est. EPS $-0.12 · Revenue $74.45M · 1 analysts
Est. EPS $-0.12 · Revenue $76.40M · 1 analysts
Est. EPS $-0.62 · Revenue $285.68M · 1 analysts
Est. EPS $-0.01 · Revenue $78.00M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $273.0M | +9.0% | -7.6% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-8.7M | +86.3% | -67.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +64.8% | -3.2% | +72.8% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +5.4% | +1516.5% | -162.7% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -3.2% | +87.4% | -81.2% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $513.6M | +60.3% | +141.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +188.1% | +47.0% | +145.1% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 153.6% | +1.7% | -10.3% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.42x | -23.6% | -3.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.3B | +36.0% | +2.8% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.15 vs 0.04 | -498.6% | -0.23 vs -0.12 | -86.4% |
| Revenue Surprise | $273.0M vs $272.3M | +0.3% | $64.8M vs $74.5M | -13.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Wolff Benjamin G | director | Voting Common Stock | A | 2,222 | $32.85 |
| Aug 27, 2026 | Wolff Benjamin G | director | Voting Common Stock | A | 4,444 | $28.05 |
| Aug 27, 2026 | Wolff Benjamin G | director | Voting Common Stock | A | 6,666 | $19.50 |
| Aug 27, 2026 | Wolff Benjamin G | director | Voting Common Stock | A | 6,666 | $17.40 |
| Aug 27, 2026 | Wolff Benjamin G | director | Stock Option (Right to Buy) | D | 2,222 | $32.85 |
Operator: Good day, and thank you for standing by. Welcome to the Globalstar, Inc. Fourth Quarter and Full Year 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press *11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press *11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Rebecca S. Clary, CFO. Please go ahead. Rebecca S. Clary: Thank you, operator, and good morning, everyone. Before we begin, please note that today's call contains forward-looking statements intended to fall within the safe harbor provided under the securities laws. Factors that could cause results to differ materially are described in the Risk Factors section of Globalstar, Inc.’s SEC filings, including its most recent Annual Report on Form 10-Ks and its other SEC filings, as well as today's earnings release. Also note that management may reference EBITDA, adjusted EBITDA, free cash flow, or adjusted free cash flow on this call, which are financial measures not recognized under U.S. GAAP. As required by SEC rules and regulations, these non-GAAP financial measures are reconciled to their most comparable GAAP financial measures in the earnings release, which is available on our website. Today, I will walk through our fourth quarter and full year 2025 financial results, then discuss liquidity and our 2026 guidance. Starting with the full year, total revenue reached a record $273,000,000, a 9% increase over 2024 and in line with our guidance. This marks our fourth consecutive year of record revenue. Service revenue was $257,300,000, up 8%, driven primarily by increased wholesale services. Subscriber equipment revenue was $15,700,000, up 24%, reflecting a higher volume of commercial IoT device sales. Turning to profitability, we generated income from operations of $7,400,000 compared to a loss of $900,000 in 2024. This improvement was due to higher revenue, as previously discussed, partially offset by increased operating expenses, including personnel costs to support our next-generation buildout, continued investment in XCOM RAN development, and higher legal and professional fees. During the year, operating expenses benefited from $3,900,000 in employee retention credits received under the CARES Act, which were allocated between cost of services and SG&A. Net loss improved to $7,600,000 from $63,200,000 in 2024. This improvement was due primarily to the prior year reflecting a non-recurring non-cash loss on extinguishment of debt related to the paydown of the 2023 13% notes. We also benefited from favorable foreign currency remeasurement on intercompany balances and non-cash gains on the quarterly mark-to-market adjustment of our derivative asset. …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Paul E. Jacobs | Chief Executive Officer & Director | USD 862,452 | — | 1962 | Active |
Rebecca S. Clary | VP, CFO & Corporate Secretary | USD 581,245 | Female | 1979 | Active |
L. Barbee Ponder | General Counsel & Vice President of Regulatory Affairs | USD 446,253 | Male | 1967 | Active |
James Monroe | Executive Chairman | USD 50,000 | Male | 1955 | Active |
Timothy Evan Taylor | Vice President of Finance, Business Operations & Strategy and Director | USD 50,000 | Male | 1982 | Active |
Jake Rembert | Vice President of Sales - United States, Africa and Central & South America | — | Male | — | Active |
Kyle Pickens | Vice President of Strategy & Communications | — | Male | — | Active |
Matthew S. Grob | Chief Technology Officer | — | Male | 1966 | Active |
Mersad Cavcic | Chief Product Officer | — | Male | — | Active |
Peter Black | Chief Scientist | — | Male | — | Active |
Globalstar (GSAT) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to earnings of $0.13 per share a year ago.

Globalstar (NASDAQ: GSAT - Get Free Report) and Swisscom (OTCMKTS:SCMWY - Get Free Report) are both large-cap communication services companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, dividends, profitability, risk, institutional ownership and earnings. Insider and Institutional Ownership 18.9% of Globalstar shares

$HAREHOLDER ALERT: The M&A Class Action Firm Launches Legal Inquiry For The Merger--MOBX, DSGR, GSAT, and PAYO PR Newswire

The SpaceX IPO Put a Spotlight on Starlink -- and on the One Public Company Building a Rival Direct-to-Phone Network PR Newswir

GSAT is advancing its LEO network with the HIBLEO-4 replenishment mission to bolster satellite resilience and support reliable global connectivity.
