---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-25-000030"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T01:20:02.435109+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Globalstar reports record FY2024 revenue $250.3M (+12% YoY); adj EBITDA record $135.3M

## Summary
- Full year service revenue rose 16% to $237.7M; Commercial IoT service revenue up 15% YoY.
- Net loss of $63.2M driven by $27.4M loss on debt extinguishment and currency losses.
- Received $0.9B of $1.7B investment under Updated Services Agreements; cash $391.2M up from $56.7M.
- FY2025 guidance: revenue $260M-$285M; adj EBITDA margin ~50%.
- Partnerships with Parsons, Peiker, Liquid Intelligent; 15-year FCC mobile earth terminal renewal.

## SEC filing metadata
- accession: 0001366868-25-000030
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1366868/000136686825000030/0001366868-25-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686825000030/gsat-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-25-000030
- JSON: https://secwatch.observer/filing/0001366868-25-000030.json
- Plain text: https://secwatch.observer/filing/0001366868-25-000030.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.