Filing Flows › Globalstar (GSAT) › Q3 2026 › vs Q2 2026
Globalstar (GSAT) Q3 2026 vs Q2 2026 (quarter over quarter)
Globalstar's revenue rose $6.1M (+9%) from $64.8M in Q2 2026 to $70.9M in Q3 2026. The biggest changes: Total service revenue +$5.4M (+9%); Subscriber equipment sales +$743K (+16%).
Globalstar, Q3 2026: revenue $70.9M (-4% year over year), operating margin 10.7%, net loss $15.7M, operating cash flow $137M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 172.5% | 152.2% | +20.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Wholesale capacity services | $44.6M | $40.1M | $4.5M | +11% |
| SPOT | $8.6M | $8.6M | −$10K | -0.1% |
| Commercial IoT | $7.7M | $7.5M | $182K | +2% |
| Duplex | $3.3M | $2.7M | $568K | +21% |
| Government and other services | $1.2M | $1.1M | $159K | +15% |
| Total service revenue | $65.4M | $60.0M | $5.4M | +9% |
| Subscriber equipment sales | $5.5M | $4.8M | $743K | +16% |
| Revenue | $70.9M | $64.8M | $6.1M | +9% |
| Net loss | $15.7M | $26.5M | −$10.9M | -41% |
| Costs & expenses | $86.6M | $91.3M | −$4.7M | -5% |
| Operating costs | $63.3M | $69.5M | −$6.3M | -9% |
| Interest & other, net | $21.9M | $17.9M | $4.1M | +23% |
| Income tax | $1.4M | $3.9M | −$2.5M | -65% |
| SG&A | $14.8M | $23.0M | −$8.2M | -36% |
| Other operating costs | $48.5M | $46.5M | $2.0M | +4% |
| Operating cash sources | $153M | $151M | $1.7M | +1% |
| Depreciation & amortization | $16.9M | $16.8M | $133K | +0.8% |
| Share-based compensation | $2.5M | $2.7M | −$239K | -9% |
| Working capital & other | $133M | $132M | $1.8M | +1% |
| Net loss absorbed | $15.7M | $26.5M | −$10.9M | -41% |
| Operating cash flow | $137M | $125M | $12.6M | +10% |
| Free cash flow (OCF − capex) | $122M | $98.6M | $23.7M | +24% |
| Capital expenditures | $14.8M | $26.0M | −$11.2M | -43% |
Questions
How much did Globalstar's revenue grow quarter over quarter in Q3 2026?
Globalstar's revenue rose $6.1M (+9%) from $64.8M in Q2 2026 to $70.9M in Q3 2026.
What drove Globalstar's revenue change in Q3 2026?
Total service revenue +$5.4M (+9%); Subscriber equipment sales +$743K (+16%).