Every 10-Q that Globalstar, Inc. (GSAT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GSAT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GSAT filings page.
Globalstar, Inc. reported Q2 2026 revenue of $64.8 million, down slightly from $67.1 million a year earlier, and a net loss of $26.5 million versus prior-year net income of $19.2 million. Higher marketing, general and administrative costs and sharply higher net interest expense contributed to a loss from operations and weaker other income.
For the first half of 2026, net cash provided by operating activities was $159.8 million, funding heavy satellite and network investment of $208.3 million, and period-end cash was $409.8 million. Deferred revenue and contract liabilities rose to $1.09 billion, largely from an $813.4 million Infrastructure Prepayment by Apple under long-term wholesale capacity arrangements. Total debt principal was $423.7 million with carrying value of $358.8 million.
Strategically, Amazon has agreed to acquire Globalstar via a two-step merger, with each common share to receive either $90 in cash (subject to proration and potential downward adjustment) or Amazon stock based on an exchange ratio, also subject to possible downward adjustment. The aggregate Merger Consideration may be reduced by up to $110 million, currently capped at about $97 million, depending on service milestones. The transaction remains subject to multiple regulatory approvals, satellite deployment milestones, and other closing conditions, and includes reciprocal termination fees of approximately $419.8 million (company) and $592.1 million (Amazon) in specified scenarios.
Globalstar, Inc. reported higher revenue but continued losses for the quarter ended March 31, 2026 while preparing for a planned acquisition by Amazon. Total revenue rose to $70.1 million from $60.0 million, driven mainly by wholesale capacity services, largely tied to its major customer, Apple, which accounted for 66% of revenue. Service revenue reached $66.7 million, with Commercial IoT and government services both growing year over year.
The company posted an operating profit of $8.2 million, compared with an operating loss a year earlier, helped by lower depreciation and stock-based compensation, but higher interest expense and derivative losses pushed it to a net loss of $17.4 million, or $0.16 per share. Cash and cash equivalents were $358.4 million, down from $447.5 million, reflecting heavy investment in new satellites and the Extended MSS Network.
Total assets were $2.38 billion, including $1.43 billion of property and equipment, while total liabilities were $2.03 billion, leaving stockholders’ equity at $342.8 million. Globalstar continues large capital projects with MDA Space and SpaceX to build and launch replacement and third-generation satellites, supported by substantial prepayments and funding structures with its key customer. After quarter-end, the company signed a merger agreement under which Amazon would acquire Globalstar, with consideration payable in cash and/or Amazon stock, subject to regulatory approvals and milestone-based adjustments.
Globalstar, Inc. (GSAT) reported Q3 2025 results with total revenue of $73.8 million, up slightly from $72.3 million a year ago. Service revenue was $69.6 million. Income from operations rose to $10.2 million, while net income was $1.1 million; after preferred dividends, net loss attributable to common shareholders was $1.6 million, or $-0.01 per share. For the first nine months, revenue reached $201.0 million and net income was $3.0 million, reflecting steadier operations year to date.
Cash and balance sheet shifted with Apple-related prepayments. Cash was $346.3 million. Contract liabilities (deferred revenue) increased to $734.4 million, primarily from the Extended MSS Network Infrastructure Prepayment, including $175.0 million received in Q3 and $299.6 million year-to-date. Property and equipment, net, rose to $1.21 billion as satellite and ground construction advanced. Operating cash flow was $445.8 million for the nine months, largely from deferred revenue inflows, while investing outflows of $485.9 million funded satellite and ground network build-outs. An embedded derivative asset tied to the 2024 Debt Repayment was $120.8 million. As of October 31, 2025, 126,838,414 common shares and 149,425 preferred shares were outstanding.
Globalstar, Inc. Form 10-Q (Q2 2025) Reports total revenue of $67.148 million for the quarter and $127.180 million for the six months ended June 30, 2025. The company recorded net income of $19.208 million for the quarter and net income of $1.877 million for the six months. Basic and diluted EPS for the quarter were $0.13.
Balance sheet highlights at June 30, 2025 include $308.226 million cash, total assets of $1.909 billion, property and equipment net of $900.842 million, total liabilities of $1.548 billion, and stockholders' equity of $360.880 million. Contract liabilities (deferred revenue) increased to $524.538 million from $349.372 million, largely reflecting customer prepayments under the Updated Services Agreements and an Infrastructure Prepayment of which $402.733 million is recorded within wholesale capacity contract liabilities.
The company consolidated a Globalstar SPE related to the Extended MSS Network with Customer (Apple Inc.) acquiring Class B units for $400 million. The Company recorded an embedded derivative asset related to a $221.625 million 2024 Debt Repayment with a derivative fair value of $117.184 million at June 30, 2025.