Filing Flows › Globalstar (GSAT) › Q2 2026 › vs Q1 2026
Globalstar (GSAT) Q2 2026 vs Q1 2026 (quarter over quarter)
Globalstar's revenue fell $5.3M (-8%) from $70.1M in Q1 2026 to $64.8M in Q2 2026. The biggest changes: Total service revenue −$6.7M (-10%); Subscriber equipment sales +$1.4M (+42%).
Globalstar, Q2 2026: revenue $64.8M (-4% year over year), operating margin -7.4%, net loss $26.5M, operating cash flow $125M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 152.2% | 43.9% | +108.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Wholesale capacity services | $40.1M | $46.3M | −$6.2M | -13% |
| SPOT | $8.6M | $8.7M | −$51K | -0.6% |
| Commercial IoT | $7.5M | $7.5M | $62K | +0.8% |
| Duplex | $2.7M | $2.6M | $139K | +5% |
| Government and other services | $1.1M | $1.8M | −$700K | -40% |
| Total service revenue | $60.0M | $66.7M | −$6.7M | -10% |
| Subscriber equipment sales | $4.8M | $3.4M | $1.4M | +42% |
| Revenue | $64.8M | $70.1M | −$5.3M | -8% |
| Net loss | $26.5M | $17.4M | $9.1M | +52% |
| Costs & expenses | $91.3M | $87.5M | $3.8M | +4% |
| Operating costs | $69.5M | $61.9M | $7.7M | +12% |
| Interest & other, net | $17.9M | $24.0M | −$6.1M | -26% |
| Income tax | $3.9M | $1.6M | $2.3M | +145% |
| SG&A | $23.0M | $14.8M | $8.2M | +55% |
| Other operating costs | $46.5M | $47.1M | −$544K | -1% |
| Operating cash sources | $151M | $52.6M | $98.4M | +187% |
| Depreciation & amortization | $16.8M | $18.4M | −$1.6M | -9% |
| Share-based compensation | $2.7M | $2.7M | $18K | +0.7% |
| Working capital & other | $132M | $31.5M | $100M | +317% |
| Net loss absorbed | $26.5M | $17.4M | $9.1M | +52% |
| Operating cash flow | $125M | $35.2M | $89.3M | +254% |
| Free cash flow (OCF − capex) | $98.6M | $30.7M | $67.8M | +221% |
| Capital expenditures | $26.0M | $4.5M | $21.5M | +479% |
Questions
How much did Globalstar's revenue grow quarter over quarter in Q2 2026?
Globalstar's revenue fell $5.3M (-8%) from $70.1M in Q1 2026 to $64.8M in Q2 2026.
What drove Globalstar's revenue change in Q2 2026?
Total service revenue −$6.7M (-10%); Subscriber equipment sales +$1.4M (+42%).