GSAT Q1 2025

Q1 2026 Q3 2025 Q2 2025 Q1 2025

Earnings

Globalstar posted a modest but in-line first quarter for 2025, reporting revenue of $60.03 million, a 6% year-over-year increase, while a net loss of $17.33 million pushed EPS to -$0.16, wider than the prior year's loss as elevated operating costs we… Read more Globalstar posted a modest but in-line first quarter for 2025, reporting revenue of $60.03 million, a 6% year-over-year increase, while a net loss of $17.33 million pushed EPS to -$0.16, wider than the prior year's loss as elevated operating costs weighed on the bottom line. The primary growth engine was wholesale capacity services, which generated $36.71 million in service revenue, up from $31.21 million a year ago, reflecting a full quarter of expanded services that began in March 2024. That strength was partially offset by subscriber churn in SPOT and Duplex segments, while a $7.04 million asset disposal charge compounded the pressure on net income. On the operational front, Globalstar launched a two-way satellite Commercial IoT solution, a meaningful step beyond one-way tracking into applications like fleet management and precision agriculture, with mass production of reference design modules expected in Q2 2025, a development that puts the company in competitive territory alongside other LEO satellite players. Adjusted EBITDA rose to $30.35 million, and management reiterated full-year 2025 revenue guidance of $260 million to $285 million at roughly a 50% Adjusted EBITDA margin.