Globalstar, Inc. (NASDAQ:GSAT) stock gained on Friday after the company reported mixed fiscal fourth-quarter 2025 results.
The company reported a quarterly revenue of $71.96 million, beating the analyst consensus estimate of $71.22 million.
Service revenue increased 17% Y/Y to $67.39 million primarily due to increased wholesale capacity services revenue. Revenue from subscriber equipment sales increased 31% Y/Y to $4.57 million.
Net loss improved to $11.6 million for the quarter, compared to $50.2 million loss Y/Y.
The EPS loss of 11 cents was wider than analyst estimates of a 1-cent loss.
Adjusted EBITDA increased to $32.4 million for the quarter from $30.4 million Y/Y.
The company held $447.5 million in cash and equivalents as of December 31, 2025.
It generated $175.89 million in operating cash flow during the quarter, down from $340.66 million Y/Y.
Fiscal 2025
The company achieved a record full-year revenue of $273 million for 2025, marking its fourth consecutive year of growth.
Adjusted EBITDA for 2025 reached a record $136.1 million, indicating strong operational profitability.
CEO Dr. Paul E. Jacobs said 2025 marked a transformational year for Globalstar as the company advanced its strategy across global infrastructure expansion, product innovation, and growing commercial adoption in government, enterprise, and industrial markets.
He stated that Globalstar expanded its addressable markets and validated technologies that place it at the center of next-generation satellite and private wireless connectivity.
He added that the company made significant progress with satellite and ground station partners and now stands ready to deploy satellites to replenish its existing constellation and extend its reach with a third-generation system.
Looking ahead to 2026, Jacobs said the company plans to build on its momentum to scale operations.
He pointed to replacement second-generation satellites coming off the production line, progress on regulatory and network infrastructure initiatives, the commercial rollout of two-way IoT capabilities, and traction for XCOM RAN.
He said Globalstar has begun shifting from groundwork to growth and positioned itself to deliver differentiated connectivity solutions that combine satellite innovation, licensed spectrum, and proprietary wireless technology to meet evolving global customer needs.
Outlook
The company expects fiscal 2026 revenue of $280 million–$305 million and an adjusted EBITDA margin of approximately 50%.
GSAT Price Action: Globalstar shares were up 5.20% at $60.89 at the time of publication on Friday, according to Benzinga Pro data.
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