Globalstar Q4 Revenue Beats Estimates, Net Loss Narrows to $11.6M
Globalstar’s Q4 revenue hit $71.96 million, service revenue rose 17% to $67.39 million and net loss narrowed to $11.6 million from $50.2 million. It posted record 2025 revenue of $273 million and adjusted EBITDA of $136.1 million, and guided 2026 revenue of $280–305 million with a 50% margin.
1. Q4 Financial Results
Globalstar reported quarterly revenue of $71.96 million, surpassing the $71.22 million consensus, with service revenue up 17% year-over-year to $67.39 million and subscriber equipment sales rising 31% to $4.57 million. The net loss narrowed to $11.6 million, while adjusted EBITDA increased to $32.4 million from $30.4 million year-over-year.
2. Full-Year 2025 Performance
For full-year 2025, the company achieved record revenue of $273 million and adjusted EBITDA of $136.1 million. It held $447.5 million in cash and equivalents as of December 31, 2025, and generated $175.9 million in operating cash flow.
3. 2026 Outlook and Strategy
Management plans to deploy second-generation replacement satellites and extend its reach with a third-generation system, targeting commercial rollout of two-way IoT capabilities and XCOM RAN. The company guided 2026 revenue of $280–305 million with an adjusted EBITDA margin of approximately 50%.