Filing Flows › Globalstar (GSAT) › Q1 2026
Globalstar (GSAT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Globalstar (GSAT) reported revenue of $70.1M for the first quarter 2026 (Q1 2026), +17% from a year earlier and -3% from the quarter before. Operating margin was 11.7%, net loss $17.4M (24.9% of revenue).
Globalstar, Q1 2026: revenue $70.1M (+17% year over year), operating margin 11.7%, net loss $17.4M, operating cash flow $35.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $70.1M | -3% | +17% |
| Operating profit | $8.2M | — | — |
| Net earnings | −$17.4M | — | — |
| Operating cash flow | $35.2M | -80% | -32% |
| Free cash flow | $28.9M | — | -39% |
What changed
Revenue was $70.1M in Q1 2026, up 17% year over year and down 3% from the previous quarter. Wholesale capacity services was the largest line at 66% of revenue. Wholesale capacity services added $9.6M year over year (up 26%), 95% of the total change. Duplex declined 25%.
Operating profit was $8.2M, a 11.7% margin (up 25.8 points year over year). Total costs fell 10% while revenue rose 17%. The fastest-growing cost line was SG&A (+28%). The quarter ended with a net loss of $17.4M, wider than the previous quarter's $11.6M loss. Net interest and other expense of $24.0M was the main reason.
Operating cash flow was $35.2M (down 32% year over year). Non-cash charges added back $18.4M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $31.5M. After capital expenditures, excluding reimbursable network purchases ($6.3M), adjusted free cash flow as the company reports it was $28.9M.
Questions
What was Globalstar's revenue in the first quarter 2026?
Globalstar (GSAT) reported revenue of $70.1M for the first quarter 2026 (Q1 2026), +17% from a year earlier and -3% from the quarter before.
Was Globalstar profitable in the first quarter 2026?
Operating profit was $8.2M (11.7% of revenue) and net loss $17.4M.
Source: Globalstar 10-Q on SEC EDGAR.