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Globalstar (GSAT) investor relations material
Globalstar Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue was $70.9M, down 4% YoY; operating income was $7.6M, net loss was $15.7M and Adjusted EBITDA was $30.3M, amid lower wholesale capacity revenue and higher interest expense.
9M revenue rose 2% to $205.7M, while net loss was $57.0M; the pending Amazon merger is expected to close in 2027, subject to conditions.
Financial highlights
Q3 service revenue was $65.4M vs. $69.6M; equipment sales were $5.5M vs. $4.2M.
Q3 net loss attributable to common shareholders was $18.4M vs. $1.6M; basic and diluted loss per share was $0.14 vs. $0.01.
9M operating income was $11.0M vs. $7.8M; net loss was $57.0M vs. net income of $3.0M, and loss per share was $0.50 vs. $0.04.
Adjusted EBITDA was $30.3M in Q3 vs. $37.6M and $89.7M in 9M vs. $103.7M; 2025 9M included $6.6M of out-of-period service revenue.
Q3 operating expenses were $63.3M vs. $63.7M; 9M expenses rose to $194.7M from $193.2M, including higher service and MG&A costs.
Outlook and guidance
Amazon merger is expected to close in 2027, subject to regulatory approvals, HIBLEO-4 satellite milestones and other conditions; no assurance of timing or completion.
No future earnings calls or forward-looking guidance updates are planned in connection with the pending transaction.
Second set of HIBLEO-4 replacement satellites is scheduled for delivery and launch in December 2026; more than 50 third-generation satellites are planned for the Extended MSS Network.
Extended MSS Network projected spend is $2.0B; $0.9B had been incurred by September 30, 2026.
- Q2 2026 saw $64.8M revenue, $26.5M net loss, and progress on the Amazon merger and satellite launches.GSAT
Q2 2026 - Q1 2026 revenue up 17% to $70.1M; Amazon merger advances; Adjusted EBITDA $33.5M.GSAT
Q1 2026 - Acquisition by Amazon aims to accelerate global direct-to-device connectivity, closing in 2027.GSAT
Acquisition presentation - Annual meeting to vote on directors, auditor, and executive pay amid record 2025 results.GSAT
Proxy filing - Annual meeting to vote on directors, auditor, and executive pay, with board support for all.GSAT
Proxy filing - Record revenue and margin gains in 2025, with strong IoT growth and improved profitability.GSAT
Q4 2025 - Q3 revenue up 26% and net income positive; 2024 guidance raised on strong wholesale growth.GSAT
Q3 2024 - Record Q2 revenue and raised guidance, but higher costs led to a net loss.GSAT
Q2 2024 - Record revenue and EBITDA growth in 2024, with strong IoT gains and a robust 2025 outlook.GSAT
Q4 2024
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