Globalstar Q1 FY26 swings to operating income; revenue rises 17% to $70.1 million

Globalstar, Inc.

Globalstar, Inc.

GSAT

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  • Globalstar posted Q1 2026 revenue of $70.1 million, up 17%, while net loss held nearly flat at $17.4 million.
  • Operating results swung to income of $8.2 million from an operating loss, while adjusted EBITDA rose 10% to $33.5 million.
  • Cash and cash equivalents fell to $358.4 million from $447.5 million at year-end, while capital expenditures totaled $116.4 million.
  • Entered merger agreement with Amazon on April 13, with stockholders offered $90 per share in cash or 0.3210 Amazon shares capped at $90; deal expected to close in 2027, subject to conditions and regulatory approvals.
  • CEO Paul Jacobs cited growing demand across government, defense, and private wireless, while FCC Space Bureau reaffirmed exclusive MSS operating rights in Big LEO spectrum.


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