The financials
Globalstar, Inc. by the numbers
Globalstar, Inc. (GSAT) reported revenue of $65M in Q2 2026 (quarter ended June 30, 2026), down 3.5% from the same quarter a year earlier. That came with net loss of $27M. For the full year FY2025, revenue was $273M (+9.0% year on year) and net income −$8.7M. Its largest product in 2026-Q1 was Services Wholesale Capacity at $46M, 69% of the disclosed total, just ahead of Services SPOT at 13%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $65M | $67M | −3.5% |
| Operating income | −$4.8M | $6.1M | to a loss |
| Net income | −$27M | $19M | to a loss |
| Diluted EPS | −$0.23 | $0.13 | to a loss |
| Product | Revenue | Share |
|---|---|---|
| Services Wholesale Capacity | $46M | 69% |
| Services SPOT | $8.7M | 13% |
| Commercial Io T | $7.5M | 11% |
| Services Duplex | $2.6M | 3.9% |
| Services Other | $1.8M | 2.6% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $66.7M (-4.2%)
Services Other grew +84% year on yearServices Duplex -25% year on year
Segment Latestquarter on quarteryear on year
- Services Wholesale Capacity$46.3M$46.3MQoQ -2.3%year on year +26%-2.3%+26%
- Services SPOT$8.7M$8.7MQoQ -8.4%year on year -7.6%-8.4%-7.6%
- Commercial Io T$7.5M$7.5MQoQ -year on year +13%-+13%
- Services Duplex$2.6M$2.6MQoQ -45%year on year -25%-45%-25%
- Services Other$1.8M$1.8MQoQ +41%year on year +84%+41%+84%
- Commerciallo T--QoQ -year on year ---