| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 64.77 | 7.5% | 3.5% |
| Total Income | 64.77 | 7.5% | 3.5% |
| Expenditure | 69.55 | 12.4% | 14.0% |
| PBT | -22.63 | 43.0% | 230.2% |
| Net Profit | -26.54 | 52.4% | 238.2% |
| OPM | -7.37% | 19.03pp | 16.52pp |
| NPM | -40.97% | 16.11pp | 69.58pp |
| EPS | -0.23 | 43.8% | 276.9% |
Globalstar Announces Q2 2026 Financial Results
06 Aug 2026 · 6 Aug, 5:38 pm
Summary
Globalstar announced its financial results for the second quarter ended June 30, 2026, reporting total revenue of $64.8 million, which included record high Commercial IoT subscriber activations. The company experienced a net loss of $26.5 million for the quarter, a shift from a net income of $19.2 million in the prior year, impacted by various factors including foreign currency and interest expenses. Adjusted EBITDA for the quarter was $26.0 million, down from $35.8 million year-over-year. For the first six months of 2026, total revenue increased to $134.8 million, and the company reported income from operations of $3.4 million, a positive turn from a loss in the prior year's period. Management highlighted disciplined execution and continued investment in long-term strategy, while noting progress in the regulatory approval process for the Amazon merger.
Key Highlights
- 1
Globalstar generated second quarter 2026 revenue of $64.8 million, driven by record high Commercial IoT subscriber activations.
- 2
The company reported a net loss of $26.5 million for the second quarter of 2026, compared to a net income of $19.2 million in the prior year's second quarter.
- 3
Adjusted EBITDA was $26.0 million during the second quarter of 2026, a decrease from $35.8 million in the prior year's second quarter.
- 4
Total revenue for the first six months of 2026 was $134.8 million, an increase from $127.2 million for the first six months of 2025.
- 5
Income from operations was $3.4 million during the first six months of 2026, compared to a loss from operations of $2.4 million during the same period in 2025.
- 6
The company held cash and cash equivalents of $409.8 million as of June 30, 2026.
- 7
Progress continues on the regulatory approval process for the merger agreement with Amazon, with the HSR waiting period expiring in July 2026.
Management Comments
Dr. Paul E. Jacobs
During the second quarter, we remained focused on disciplined execution across our business while continuing to invest in the technologies and infrastructure that support our long-term strategy. We continue to make meaningful progress across our product, network and commercial initiatives while advancing the regulatory process associated with our previously announced Merger Agreement with Amazon. I am proud of our team's continued execution and commitment to delivering innovative connectivity solutions for our customers.
Informational and educational content only. Not investment advice.