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Mar 31, 2025
Globalstar Q1 2025 Earnings Report
Announces First Quarter 2025 Financial Results
Key Takeaways
Globalstar reported a 6% increase in first-quarter 2025 revenue, reaching $60.0 million, primarily driven by wholesale capacity services. The company posted a net loss of $17.3 million and an Adjusted EBITDA of $30.4 million. Globalstar also launched a two-way satellite commercial IoT solution and reiterated its full-year 2025 financial guidance.
Total revenue for Q1 2025 was $60.0 million, a 6% increase from the prior year.
Net loss for the quarter was $17.3 million.
Adjusted EBITDA for Q1 2025 was $30.4 million, up from $29.6 million in Q1 2024.
Launched a two-way satellite commercial IoT solution with mass production expected in Q2 2025.
Revenue by Segment
Forward Guidance
Globalstar reiterated its full-year 2025 financial guidance, expecting total revenue between $260 million and $285 million and an Adjusted EBITDA margin of approximately 50%. The guidance reflects expectations of minimal impact from potential tariffs.
Positive Outlook
- Reiterated previously issued financial guidance for 2025.
- Expected total revenue for 2025 between $260 million and $285 million.
- Expected Adjusted EBITDA margin for 2025 of approximately 50%.
- Potential impacts from tariffs expected to be minimal.
- Actively monitoring and assessing potential tariff impacts.
Challenges Ahead
- Global trade environment remains highly dynamic.
- Potential impact of tariffs on Globalstar being actively monitored.
- Direct exposure to tariffs relatively limited to sales of SPOT and Commercial IoT subscriber devices.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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