The earnings call reflected a strong performance with record revenue and growth in key areas like Commercial IoT, supported by a solid cash position and strategic investments. However, challenges such as lower net income due to noncash items, high capital expenditures, and uncertainties around satellite launch timing were noted. The company is optimistic about future prospects, especially with ongoing investments in XCOM RAN and government sector engagement.

Company Guidance

During the Globalstar Third Quarter 2025 Earnings Conference Call, the company reported a record total revenue of $73.8 million, marking a significant increase driven by growth in wholesale capacity services and Commercial IoT. The latter saw a 6% increase in average subscribers, reaching 543,000, alongside a 60% year-over-year rise in equipment sales. Income from operations stood at $10.2 million, up from $9.4 million the previous year, despite higher operating expenses. Adjusted EBITDA margins were maintained at 51% for the quarter and 52% year-to-date, reflecting strategic investments in growth opportunities like XCOM. Year-to-date, total revenue was $201 million, a 6% increase, with service and equipment revenue rising by 6% and 21%, respectively. The company ended the quarter with $346.3 million in cash and cash equivalents, while capital expenditures during the first nine months totaled $485.9 million. Globalstar reaffirmed its full-year 2025 outlook, expecting revenue between $260 million and $285 million and an adjusted EBITDA margin of approximately 50%.

Record Quarterly Revenue

Total revenue for the third quarter was $73.8 million, representing growth over the prior year's third quarter and reaching a record quarterly amount.

Growth in Commercial IoT

Commercial IoT service revenue increased due to subscriber growth with average subscribers reaching 543,000, a 6% increase from the prior year's third quarter. Equipment revenue from Commercial IoT device sales was up 60% compared to the prior year's third quarter.

Strong Cash Position

Generated operating cash flow of $445.8 million during the first 9 months of 2025, ending the third quarter with cash and cash equivalents of $346.3 million.

Strategic Investments and Solid EBITDA Margins

Maintained adjusted EBITDA margins of 51% in the third quarter and 52% year-to-date, while making substantial investments in XCOM and next-generation products.

Expansion in Government and Commercial IoT Markets

Strong traction in government sector with Parsons Corporation partnership and Commercial IoT subscriber growth. Gross activations up 40% over the same quarter last year, with total units up 100% compared to the prior year.

Globalstar (GSAT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GSAT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 04, 2026	2025 (Q4)	-0.04 / -	-0.42	―	―	―
Nov 06, 2025	2025 (Q3)	-0.01 / <0.01	0	―	―
Aug 07, 2025	2025 (Q2)	-0.05 / 0.03	-0.15	120.00% (+0.18)	―
May 08, 2025	2025 (Q1)	-0.03 / -0.13	-0.15	10.67% (+0.02)	―
Feb 27, 2025	2024 (Q4)	<0.01 / -0.42	-0.067	-526.87% (-0.35)	―
Nov 07, 2024	2024 (Q3)	-0.02 / 0.00	0.069	―	―
Aug 08, 2024	2024 (Q2)	-0.03 / -0.15	0	―	―
May 08, 2024	2024 (Q1)	-0.04 / -0.15	0.102	-247.06% (-0.25)	―
Feb 28, 2024	2023 (Q4)	-0.03 / -0.07	-0.031	-116.13% (-0.04)	―
Nov 02, 2023	2023 (Q3)	0.00 / 0.07	-1.559	104.43% (+1.63)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GSAT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2025	$48.25	$50.48	+4.62%
Aug 07, 2025	$25.18	$28.47	+13.07%
May 08, 2025	$20.19	$17.58	-12.93%
Feb 27, 2025	$21.56	$21.59	+0.14%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Globalstar (GSAT) report earnings?

Globalstar (GSAT) is schdueled to report earning on Mar 04, 2026, After Close (Confirmed).

What is Globalstar (GSAT) earnings time?

Globalstar (GSAT) earnings time is at Mar 04, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GSAT EPS forecast?

GSAT EPS forecast for the fiscal quarter 2025 (Q4) is -0.04.

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