Globalstar Q2 revenue $67.1M (+11% YoY), net income $19.2M, reaffirms FY guidance

Globalstar, Inc.

2025-Q2 EPS reported -$0.03 revenue$127,180,000

Revenue $67.1M, up 11% YoY; service revenue $63.2M, equipment sales $3.9M.
Net income $19.2M vs net loss $9.7M in Q2 2024; Adj. EBITDA $35.8M (53% margin).
Reaffirmed FY2025 outlook: revenue $260M-$285M, Adj. EBITDA margin ~50%.
Signed launch services agreement with SpaceX for Falcon 9 mission; second set of replacement satellites.
FCC accepted Globalstar's C-3 MSS network expansion petition; Parsons commercial agreement executed.

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