Filing Flows › Globalstar (GSAT) › Q4 2025
Globalstar (GSAT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Globalstar (GSAT) reported revenue of $72.0M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -3% from the quarter before. Operating margin was -0.5%, net loss $11.6M (16.1% of revenue).
Globalstar, Q4 2025: revenue $72.0M (+18% year over year), operating margin -0.5%, net loss $11.6M, operating cash flow $176M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $72.0M | -3% | +18% |
| Operating profit | −$371K | -104% | — |
| Net earnings | −$11.6M | -1166% | — |
| Operating cash flow | $176M | -25% | -48% |
| Free cash flow | $173M | -6% | -47% |
What changed
Revenue was $72.0M in Q4 2025, up 18% year over year and down 3% from the previous quarter. Service revenue was the largest line at 94% of revenue.
Operating costs exceeded revenue by $371K, an operating margin of -0.5%. Total costs grew 11% against revenue growth of 18%. The fastest-growing cost line was SG&A (+57%). The quarter ended with a net loss of $11.6M, after a profit of $1.1M the previous quarter. Net interest and other expense of $9.2M was the main reason.
Operating cash flow was $175.9M (down 48% year over year). Non-cash charges added back $20.4M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items added $161.5M. Capital expenditures of $2.8M left free cash flow of $173.1M.
Questions
What was Globalstar's revenue in the fourth quarter 2025?
Globalstar (GSAT) reported revenue of $72.0M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -3% from the quarter before.
Was Globalstar profitable in the fourth quarter 2025?
Operating loss was $371K (-0.5% of revenue) and net loss $11.6M.
Source: Globalstar 10-K on SEC EDGAR.