Globalstar 2025 Q2 Earnings Strong Performance as Net Income Surges 298.4%

Globalstar (GSAT) reported its fiscal 2025 Q2 earnings on August 8, 2025, delivering a strong financial performance that marked a significant turnaround. The results exceeded expectations, with the company returning to profitability and reaffirming its full-year guidance in line with previous expectations. Investors are closely watching how the earnings-driven strategy continues to drive long-term value.

Revenue
Globalstar's total revenue for the second quarter of 2025 grew by 11.2% to $67.15 million, compared to $60.38 million in the same period of the prior year. Service revenue was the primary growth driver, contributing $63.22 million, while subscriber equipment sales added $3.93 million. This performance reflects strong demand for the company's satellite communication services and product offerings.

Earnings/Net Income
The company achieved a remarkable turnaround in profitability, reporting net income of $19.21 million in 2025 Q2, a 298.4% increase from a net loss of $9.68 million in the same quarter of the previous year. On a per-share basis, earnings per share (EPS) rose to $0.13, reversing a $0.10 loss in 2024 Q2—a 230.0% positive swing. This dramatic improvement underscores the company’s successful cost management and operational efficiency.

Price Action
During the most recent trading day, Globalstar's stock price fell 4.26%. However, it saw a 7.19% gain over the past full trading week and a 6.57% decline month-to-date. Despite the intraday volatility, the stock has shown resilience in the broader context of earnings-driven momentum.

Post-Earnings Price Action Review
The investment strategy of buying Globalstar shares following a revenue increase quarter-over-quarter has proven effective over the past three years. Holding the stock for 30 days after the earnings report has yielded an 11.31% return, outperforming the benchmark return of 3.81% by 7.50%. With a compound annual growth rate (CAGR) of 29.64% and no recorded drawdown, the strategy demonstrates strong risk-adjusted returns, appealing to investors seeking both growth and stability.

CEO Commentary
Dr. Paul E. Jacobs, Globalstar’s Chief Executive Officer, expressed optimism about the company’s progress in expanding its satellite infrastructure. He highlighted the successful deployment of the first C-3 antenna in Texas and ongoing construction in North America, Asia, and Europe. Jacobs also noted the launch services agreement with SpaceX for the second set of replacement satellites and growing collaboration with government partners, emphasizing the company’s strategic position in the commercial, industrial, and defense sectors.

Guidance
Globalstar reaffirmed its full-year financial guidance, projecting revenue in the range of $260 million to $285 million and an Adjusted EBITDA margin of approximately 50%. These expectations are consistent with the company’s current trajectory, following Q2 revenue of $67.1 million and Adjusted EBITDA of $35.8 million, representing a 53% margin. The guidance reflects continued confidence in the business model and operational performance.

Additional News
On the same day Globalstar released its earnings, Nigeria's Punch newspaper reported on several key national events. The Independent National Electoral Commission (INEC) reaffirmed its commitment to electoral excellence in Gombe. Meanwhile, President Bola Tinubu approved measures to resolve pension backlogs and improve welfare. In the education sector, the West African Examinations Council (WAEC) released revised 2025 WASSCE results and apologized for a grading error. Additionally, the Nigerian Red Cross announced the second phase of a food intervention program in Lagos. These developments underscore the broader economic and political context in which Globalstar's satellite operations and strategic initiatives are unfolding.