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Jun 30
Globalstar Q2 2025 Earnings Report
Globalstar reported an 11% increase in second quarter 2025 revenue, driven by higher wholesale capacity services and Commercial IoT revenue, and reaffirmed its financial outlook.
Key Takeaways
Globalstar delivered strong second quarter 2025 results with revenue increasing 11% to $67.1 million and net income reaching $19.2 million. Adjusted EBITDA for the quarter was $35.8 million, reflecting a 53% margin. The company is on track with its infrastructure expansion plan for the C-3 satellite system and has reaffirmed its full-year financial guidance.
Total revenue for Q2 2025 increased by 11% year-over-year to $67.1 million, primarily due to growth in wholesale capacity services and Commercial IoT.
Net income for the second quarter was $19.2 million, a significant improvement from a net loss in the prior year period.
Adjusted EBITDA reached $35.8 million with a 53% margin, up from $32.6 million in Q2 2024.
Globalstar reaffirmed its full-year 2025 financial guidance, expecting total revenue between $260 million and $285 million and an Adjusted EBITDA margin of approximately 50%.
Globalstar
Globalstar
Globalstar Revenue by Segment
Revenue by Segment
Wholesale Capacity Services Revenue
CapyFin.comCommercial IoT Revenue
CapyFin.comSPOT Revenue
CapyFin.comDuplex Revenue
CapyFin.comGovernment and Other Services Revenue
CapyFin.comSubscriber Equipment Sales Revenue
CapyFin.com Forward Guidance
Globalstar reiterated its financial outlook for the full year 2025, expecting total revenue between $260 million and $285 million and an Adjusted EBITDA margin of approximately 50%.
Positive Outlook
- Reaffirmed full-year revenue guidance of $260 million to $285 million.
- Reaffirmed full-year Adjusted EBITDA margin guidance of approximately 50%.
- Expects minimal potential impacts from tariffs.
- Continued execution on infrastructure expansion plan for the C-3 satellite system.
- Growing collaboration with partners in the government sector.
Challenges Ahead
- No specific negative forward guidance points were mentioned in the report.
- No specific negative forward guidance points were mentioned in the report.
- No specific negative forward guidance points were mentioned in the report.
- No specific negative forward guidance points were mentioned in the report.
- No specific negative forward guidance points were mentioned in the report.