Filing Flows › Globalstar (GSAT) › Q1 2025
Globalstar (GSAT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Globalstar (GSAT) reported revenue of $60.0M for the first quarter 2025 (Q1 2025), +6% from a year earlier and -2% from the quarter before. Operating margin was -14.2%, net loss $17.3M (28.9% of revenue).
Globalstar, Q1 2025: revenue $60.0M (+6% year over year), operating margin -14.2%, net loss $17.3M, operating cash flow $51.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.0M | -2% | +6% |
| Operating profit | −$8.5M | — | — |
| Net earnings | −$17.3M | — | — |
| Operating cash flow | $51.9M | -85% | +74% |
| Free cash flow | $47.6M | — | +139% |
What changed
Revenue was $60.0M in Q1 2025, up 6% year over year and down 2% from the previous quarter. Wholesale capacity services was the largest line at 61% of revenue. Wholesale capacity services added $5.5M year over year (up 18%), 155% of the total change. Duplex declined 27%.
Operating costs exceeded revenue by $8.5M, an operating margin of -14.2%. Total costs grew 12% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+13%). The quarter ended with a net loss of $17.3M, narrower than the previous quarter's $50.2M loss.
Operating cash flow was $51.9M (up 74% year over year). Non-cash charges added back $22.3M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items added $40.0M. After capital expenditures, excluding reimbursable network purchases ($4.3M), adjusted free cash flow as the company reports it was $47.6M.
Questions
What was Globalstar's revenue in the first quarter 2025?
Globalstar (GSAT) reported revenue of $60.0M for the first quarter 2025 (Q1 2025), +6% from a year earlier and -2% from the quarter before.
Was Globalstar profitable in the first quarter 2025?
Operating loss was $8.5M (-14.2% of revenue) and net loss $17.3M.
Source: Globalstar 10-Q on SEC EDGAR.