secwatch.observer — SEC 8-K summary
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Issuer:     Globalstar, Inc. (GSAT)
CIK:        0001366868
Form:       8-K
Filed at:   2026-02-27T23:59:59+00:00
Accession:  0001366868-26-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Globalstar reports record FY2025 revenue of $273M, net loss narrows to $8.7M
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- Full year revenue $273.0M (+9% YoY); service revenue $257.3M, equipment sales $15.7M.
- Net loss $8.7M vs $63.2M in 2024; adjusted EBITDA $136.1M (50% margin) – a record.
- Q4 revenue $72.0M (+18% YoY); Q4 adjusted EBITDA $32.4M (+7% YoY).
- FY2026 guidance: revenue $280-305M; adjusted EBITDA margin ~50%.
- Cash $447.5M; debt $410.0M; progress on next-gen satellites and two-way IoT rollout.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1366868/000136686826000009/0001366868-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1366868/000136686826000009/gsat-20260227.htm
  HTML page:      https://secwatch.observer/filing/0001366868-26-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer