| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 73.85 | 10.0% | 2.1% |
| Total Income | 73.85 | 10.0% | 2.1% |
| Expenditure | 63.69 | 4.4% | 1.3% |
| PBT | 2.19 | 87.4% | 81.2% |
| Net Profit | 1.09 | 94.3% | 89.0% |
| OPM | 13.75% | 4.60pp | 0.71pp |
| NPM | 1.48% | 27.13pp | 12.26pp |
| EPS | -0.01 | 107.7% |
Globalstar Reports Q3 2025 Revenue of $73.8 Million
04 May 2026 · 4 May, 7:40 am
Summary
Globalstar announced its financial results for the third quarter ended September 30, 2025, reporting revenue of $73.8 million. The company saw a 60% increase in Commercial IoT equipment revenue compared to the prior year's third quarter. For the first nine months of 2025, total revenue was $201.0 million, a 6% increase compared to the same period in 2024. Globalstar reiterated its financial guidance for the year, with revenue expected to be in the range of $260 million to $285 million, and Adjusted EBITDA margin expected to be approximately 50%.
Key Highlights
- 1
Globalstar reported a record high revenue of $73.8 million in the third quarter of 2025, driven by higher wholesale capacity services and subscriber equipment sales.
- 2
The company advanced the development of the Extended MSS Network, including expansion and upgrade of global ground infrastructure to support the third-generation C-3 satellite system.
- 3
Commercial IoT equipment revenue increased by 60% during the third quarter of 2025 compared to the prior year's third quarter.
- 4
Income from operations was $10.2 million during the third quarter of 2025, compared to $9.4 million during the prior year's third quarter.
- 5
Adjusted EBITDA was $37.6 million during the third quarter of 2025 compared to $42.8 million during the prior year's third quarter.
- 6
Total revenue for the first nine months of 2025 was $201.0 million, a 6% increase compared to the same period in 2024.
- 7
Globalstar reiterates its financial outlook for 2025, expecting total revenue between $260 million and $285 million and an Adjusted EBITDA margin of approximately 50%.
Management Comments
Dr. Paul E. Jacobs
We are pleased with the significant progress we have made in the third quarter. Our strong financial results reflect the team's successful execution of our business plan and product roadmap, from expanding our global ground infrastructure and progressing our next-generation C-3 satellite system, to launching our two-way Commercial IoT device on a global basis and advancing XCOM RAN sales through completion of a new supply agreement and receipt of an initial order from a new warehouse automation customer. We believe these milestones reflect the trust of our partners, the strength of our products and technologies, and the growing demand for Globalstar’s satellite and terrestrial connectivity solutions. As our pace of focused innovation accelerates on the ground, in the sky and in space, we are attracting new partners and expanding our opportunities with existing ones. This is an exciting time to be in the satellite connectivity industry, and our globally harmonized spectrum offers enormous potential. Recent sales of assets with less global coverage indicated values that reflect very well on Globalstar’s assets. New innovations in the satellite industry and across the telecommunications ecosystem, coupled with our unique global spectrum bands, can drive disruptive service models that will benefit customers, enterprises and governments worldwide.
Informational and educational content only. Not investment advice.