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

Globalstar Q3 revenue falls to $70.9 million; net loss widens to $15.7 million

Negative Impact 3 of 5 earnings Written later

Globalstar reported third-quarter 2026 results that were weaker than a year earlier, with revenue, operating income, adjusted EBITDA and net income all declining from the prior-year quarter. The company also said it will no longer hold earnings calls or update forward-looking guidance while its pending transaction with Amazon is outstanding, which limits the information shareholders will receive before the expected 2027 closing.

Key points

  • Q3 2026 total revenue was $70.9 million, down from $73.8 million in Q3 2025; service revenue fell $4.2 million.
  • Q3 2026 net loss was $15.7 million, or $0.14 per share, versus net income of $1.1 million a year earlier.
  • Q3 2026 adjusted EBITDA was $30.3 million, down from $37.6 million; nine-month revenue rose to $205.7 million from $201.0 million.
  • Globalstar will not hold future earnings conference calls or update guidance, given the pending Amazon transaction expected to close in 2027.

The filing

CompanyGlobalstar, Inc. (GSAT)
Form8-K, current report
Filed with the SECNov 5, 2026, 8:02 AM ET
Accession number0001366868-26-000045

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 November 05, 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.