Globalstar Q2 net loss $26.5M; Amazon merger HSR cleared, close expected 2027

Globalstar, Inc.

Q2 revenue $64.8M, service revenue down 5% YoY; net loss $26.5M vs net income $19.2M in Q2 2025.
Adjusted EBITDA $26.0M vs $35.8M in prior year; loss from operations $4.8M vs income $6.1M.
Record Commercial IoT subscriber activations; over 20% LTM gross activation growth.
Amazon merger: HSR waiting period expired July 17; still awaiting FCC and international approvals; expected close in 2027.
First set of replacement satellites launch rescheduled for later this month; cash $409.8M, debt $423.7M.

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