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AI brief of an SEC Form 8-K · Globalstar, Inc. (GSAT)

Globalstar Q1 revenue rises 17% to $70.1 million; operating income turns positive

Positive Impact 4 of 5 earnings Written later

Globalstar reported first quarter 2026 revenue of $70.1 million, up 17% from a year earlier, and income from operations of $8.2 million versus a loss of $8.5 million in the prior year's quarter. Net loss was $17.4 million, roughly flat year over year. The company also said it will no longer hold earnings calls or update its financial outlook while its pending merger with Amazon is outstanding.

Key points

  • Q1 2026 total revenue was $70.1 million, up from $60.0 million; service revenue rose $9.6 million, mainly from wholesale capacity services.
  • Adjusted EBITDA was $33.5 million versus $30.4 million; net loss was $17.4 million versus $17.3 million.
  • Cash and cash equivalents were $358.4 million at March 31, 2026, down from $447.5 million at December 31, 2025, with capital expenditures of $116.4 million in the quarter.
  • Under the April 13, 2026 merger agreement with Amazon, holders can elect $90.00 cash or 0.3210 Amazon shares per Globalstar share; the Mergers are expected to close in 2027.

The filing

CompanyGlobalstar, Inc. (GSAT)
Form8-K, current report
Filed with the SECMay 7, 2026, 4:17 PM ET
Accession number0001366868-26-000027

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.