Globalstar, Inc. (GSAT) Form 8-K — Aug 6, 2026
Globalstar reported second quarter 2026 revenue of $64.8 million, a slight decrease from the prior year, driven by lower wholesale capacity services and subscriber churn in legacy products. The company achieved record-high Commercial IoT subscriber activations, contributing to a 20% increase in gross activations over the last twelve months. Net loss for the quarter widened to $26.5 million, impacted by higher operating expenses and foreign currency losses, though adjusted EBITDA remained positive at $26.0 million.
Key figures
- Eps Beat
- 0
- Revenue
- 64772
- Cash Position
- 409771
- Adjusted EBITDA
- 25950
- Service Revenue
- 59998
- Arpu Commercial Io T
- 4.31
- Adjusted Free Cash Flow
- 43497
- Commercial Io TSubscribers
- 580427
- Subscriber Equipment Sales
- 4774
Price after filing
Close on the filing date to close N calendar days later (from $83.69). Historical, not a forecast.
AI analysis
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