Globalstar Q3 2025 revenue record $73.8M, net income falls to $1.1M

Globalstar, Inc.

2025-Q3 EPS reported -$0.04 revenue$201,025,000

Total revenue $73.8M (record), service revenue $69.6M, equipment sales $4.2M; YoY service revenue up $0.7M.
Net income $1.1M vs $9.9M YoY; non-cash interest on prepayment and FX losses hit bottom line.
Adjusted EBITDA $37.6M vs $42.8M YoY; costs rose on ground infrastructure and XCOM RAN investment.
Reaffirms FY 2025 guidance: revenue $260M-$285M, Adj. EBITDA margin ~50%; cash $346.3M.
Operational milestones: C-3 ground expansion, XCOM RAN initial order from warehouse automation, RM200M global availability.

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