The financials
Globalstar, Inc. by the numbers
Globalstar, Inc. (GSAT) reported revenue of $65M in Q2 2026 (quarter ended Jun 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 Q2 2026 was Services Wholesale Capacity at $40M, 67% of the disclosed total, well ahead of Services SPOT at 14%.
| 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 | $40M | 67% |
| Services SPOT | $8.6M | 14% |
| Commercial Io T | $7.5M | 13% |
| Services Duplex | $2.7M | 4.5% |
| Services Other | $1.1M | 1.8% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $60.0M (-10%)
Services Other grew +20% year on yearServices Duplex -26% year on year
Segment Latestquarter on quarteryear on year
- Services Wholesale Capacity$40.1M$40.1MQoQ -13%year on year -5.4%-13%-5.4%
- Services SPOT$8.6M$8.6MQoQ -0.59%year on year -6.7%-0.59%-6.7%
- Commercial Io T$7.5M$7.5MQoQ +0.83%year on year +6.5%+0.83%+6.5%
- Services Duplex$2.7M$2.7MQoQ +5.4%year on year -26%+5.4%-26%
- Services Other$1.1M$1.1MQoQ -40%year on year +20%-40%+20%