Description

Globalstar’s Satellite IoT Breakthrough — RM200M Expands The Commercial Opportunity!

Globalstar, Inc. reported a fourth consecutive year of record revenue in 2025, reaching $273 million, a 9% increase compared to 2024 and consistent with its guidance. Service revenue increased by 8% to $257.3 million, predominantly driven by wholesale capacity services, while subscriber equipment revenue grew 24% year-over-year, reflecting higher commercial IoT device sales. The company’s adjusted EBITDA also set a record at $136.1 million, maintaining a 50% margin. Operating income improved to $7.4 million from a loss of $0.9 million the previous year, despite increased operating expenses related to personnel, investments in next-generation infrastructure, XCOM RAN development, and higher legal and professional fees. Net loss narrowed substantially to $7.6 million from $63.2 million in 2024, largely due to the absence of a significant nonrecurring, noncash debt extinguishment loss recorded in the prior year.