---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-25-000111"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:29:50.822688+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001366868-25-000111
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1366868/000136686825000111/0001366868-25-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686825000111/gsat-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-25-000111
- JSON: https://secwatch.observer/filing/0001366868-25-000111.json
- Plain text: https://secwatch.observer/filing/0001366868-25-000111.txt

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