Every 8-K 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 8-K covers material events a company has to report between its quarterly 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 second-quarter 2026 results and an update on its pending merger with Amazon. Total revenue for the quarter was $64.8 million, including $60.0 million of service revenue and $4.8 million from subscriber equipment sales. Service revenue declined 5% year over year, driven by lower wholesale capacity timing and Duplex/SPOT churn, partially offset by record Commercial IoT activations and over 20% growth in gross IoT activations over the last twelve months.
Loss from operations was $4.8 million versus income from operations of $6.1 million a year earlier, and net loss was $26.5 million compared to net income of $19.2 million, reflecting higher MG&A tied to the Amazon transaction, increased network and XCOM-related costs, foreign currency losses and higher interest expense. Adjusted EBITDA was $26.0 million, down from $35.8 million. For the first six months of 2026, revenue was $134.8 million and net loss $41.4 million, with Adjusted EBITDA of $59.4 million.
Liquidity remained significant with $409.8 million of cash and cash equivalents as of June 30, 2026, against $423.7 million of debt principal, $159.7 million of operating cash flow and $43.5 million of Adjusted free cash flow year to date. The HSR waiting period for the Amazon merger expired on July 17, 2026, and closing is expected in 2027 subject to remaining regulatory approvals and satellite milestones. In connection with the pending transaction, Globalstar does not intend to hold future earnings calls or update forward-looking guidance.
Globalstar, Inc. held its 2026 annual stockholders meeting on May 13, 2026. Stockholders elected Class B directors James F. Lynch and Timothy E. Taylor to terms running until the 2029 annual meeting, or until successors are elected and qualified.
Shareholders also ratified Ernst & Young LLP as independent registered public accounting firm for 2026 and approved, on an advisory basis, compensation for the company’s named executive officers. Of 128,591,126 shares outstanding as of March 23, 2026, 115,549,917 were represented in person or by proxy, providing a strong quorum for the votes.
Globalstar reported strong first quarter 2026 growth and highlighted its pending acquisition by Amazon. Revenue reached $70.1 million, up 17% from a year earlier, driven mainly by higher wholesale capacity services and growing Commercial IoT and government revenue. Income from operations swung to a profit of $8.2 million from a prior loss, though the company still posted a net loss of $17.4 million due to higher non‑cash interest and currency impacts. Adjusted EBITDA rose to $33.5 million.
On April 13, 2026, Globalstar agreed to be acquired by Amazon. Stockholders may elect for each Globalstar share either $90.00 in cash or 0.3210 Amazon shares, with cash elections capped at 40% of total shares and potential downward adjustment of up to $110 million if certain operational milestones are not met. The deal, already approved by Globalstar’s majority stockholder, is expected to close in 2027, subject to regulatory and other conditions. Globalstar also advanced its next‑generation satellite roadmap and received FCC confirmation of its exclusive MSS rights in the Big LEO spectrum band.
Globalstar agreed to be acquired by Amazon in a cash-and-stock merger valued at about $11 billion. Each Globalstar share will convert into either $90.00 in cash or 0.3210 Amazon shares, with stock consideration capped so that its value does not exceed $90.00 per share.
Cash elections are limited to 40% of Globalstar shares, with any excess settled in Amazon stock, and the total consideration can be reduced by up to $110 million if specified operational milestones are not met. A majority holder group led by Thermo, owning about 57.6% of the common stock, has already approved the deal by written consent, so no further Globalstar stockholder vote is required.
The transaction is intended as a tax-free reorganization and is targeted to close in 2027, subject to antitrust, foreign investment, satellite and telecommunications approvals and HIBLEO-4 satellite milestones. If completed, Globalstar will be delisted and deregistered, Amazon will integrate Globalstar’s spectrum and satellite assets into its Amazon Leo network, and Amazon will continue and expand satellite service arrangements with Apple.
Globalstar, Inc. reported strong growth for the year ended December 31, 2025, with total revenue reaching a record $273.0 million, up 9% from 2024. Full-year Adjusted EBITDA was $136.1 million, delivering a 50% margin as the company scaled its satellite and private wireless businesses.
For the fourth quarter of 2025, revenue was $72.0 million, including $67.4 million of service revenue and $4.6 million of subscriber equipment sales. Quarterly net loss narrowed sharply to $11.6 million from $50.2 million a year earlier, and Adjusted EBITDA rose to $32.4 million. Liquidity remained strong with $447.5 million of cash and cash equivalents as of December 31, 2025.
Globalstar, Inc. (GSAT) furnished an 8-K announcing it issued a press release with financial and operating results for the three and nine months ended September 30, 2025.
The press release is included as Exhibit 99.1. The information in this report, including Exhibit 99.1, is furnished and not deemed filed under Section 18 of the Exchange Act, nor incorporated by reference except as specifically stated.