Globalstar Q2 revenue falls to $64.8 million; swings to $26.5 million net loss
Globalstar reported second quarter 2026 revenue of $64.8 million, down from $67.1 million a year earlier, and a net loss of $26.5 million versus net income of $19.2 million in the prior-year quarter. Adjusted EBITDA fell to $26.0 million from $35.8 million, and the company said it will not hold earnings calls or update guidance while its Amazon merger is pending, so shareholders will have less forward-looking information.
Key points
- Q2 2026 total revenue was $64.8 million, versus $67.1 million in Q2 2025; service revenue fell $3.2 million, partly due to $6.6 million of out-of-period revenue in the prior-year quarter.
- Q2 2026 loss from operations was $4.8 million, compared with income of $6.1 million a year earlier; marketing, general and administrative expenses rose to $23.0 million from $9.7 million, including higher legal and professional fees tied to
- Six-month net loss was $41.4 million, compared with net income of $1.9 million in the first six months of 2025; cash and cash equivalents were $409.8 million at June 30, 2026.
- Globalstar will not hold future earnings conference calls or provide updates to forward-looking guidance while the Amazon transaction is pending; the HSR waiting period expired July 17, 2026, and the deal is expected to close in 2027.
The filing
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 August 06, 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.