Filing Flows › Globalstar (GSAT) › Q2 2025
Globalstar (GSAT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Globalstar (GSAT) reported revenue of $67.1M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +12% from the quarter before. Operating margin was 9.2%, net earnings $19.2M (28.6% of revenue).
Globalstar, Q2 2025: revenue $67.1M (+11% year over year), operating margin 9.2%, net earnings $19.2M, operating cash flow $158M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $67.1M | +12% | +11% |
| Operating profit | $6.1M | — | — |
| Net earnings | $19.2M | — | — |
| Operating cash flow | $158M | +204% | +331% |
| Free cash flow | $155M | 12× | +679% |
What changed
Revenue was $67.1M in Q2 2025, up 11% year over year and up 12% from the previous quarter. Wholesale capacity services was the largest line at 63% of revenue. Wholesale capacity services added $8.3M year over year (up 24%), 123% of the total change. Government and other services declined 41%.
Operating profit was $6.1M, a 9.2% margin (up 11.5 points year over year). Total costs fell 1% while revenue rose 11%. Net earnings were $19.2M. The effective tax rate was -10.5%. Non-operating items added $11.2M, 65% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $157.9M (up 331% year over year), 822% of net earnings. Non-cash charges added back $23.0M of depreciation and amortization and $5.9M of share-based compensation. Working capital and other items added $109.7M. Capital expenditures of $2.5M left free cash flow of $155.4M.
Questions
What was Globalstar's revenue in the second quarter 2025?
Globalstar (GSAT) reported revenue of $67.1M for the second quarter 2025 (Q2 2025), +11% from a year earlier and +12% from the quarter before.
Was Globalstar profitable in the second quarter 2025?
Operating profit was $6.1M (9.2% of revenue) and net earnings $19.2M.
Source: Globalstar 10-Q on SEC EDGAR.