Filing Flows › Globalstar (GSAT) › Q3 2025
Globalstar (GSAT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Globalstar (GSAT) reported revenue of $73.8M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +10% from the quarter before. Operating margin was 13.8%, net earnings $1.1M (1.5% of revenue).
Globalstar, Q3 2025: revenue $73.8M (+2% year over year), operating margin 13.8%, net earnings $1.1M, operating cash flow $236M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $73.8M | +10% | +2% |
| Operating profit | $10.2M | +65% | +8% |
| Net earnings | $1.1M | -94% | -89% |
| Operating cash flow | $236M | +49% | +636% |
| Free cash flow | $184M | +18% | 34× |
What changed
Revenue was $73.8M in Q3 2025, up 2% year over year and up 10% from the previous quarter. Wholesale capacity services was the largest line at 64% of revenue. Wholesale capacity services added $3.5M year over year (up 8%), 227% of the total change. Government and other services declined 38%.
Operating profit was $10.2M, a 13.8% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 47% reached operating profit, above the 13% margin then. Total costs grew 1% against revenue growth of 2%. Net earnings were $1.1M, down 89% year over year. The effective tax rate was 50.2%.
Operating cash flow was $236.0M (up 636% year over year), 21653% of net earnings. Non-cash charges added back $21.7M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items added $208.3M. Capital expenditures of $52.4M left free cash flow of $183.6M.
Questions
What was Globalstar's revenue in the third quarter 2025?
Globalstar (GSAT) reported revenue of $73.8M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +10% from the quarter before.
Was Globalstar profitable in the third quarter 2025?
Operating profit was $10.2M (13.8% of revenue) and net earnings $1.1M.
Source: Globalstar 10-Q on SEC EDGAR.