Globalstar, Inc. (NASDAQ: GSAT) has released its financial results for the fourth quarter and full year ended December 31, 2025. The company reported a 9% increase in full-year revenue to a record $273.0 million compared to the previous year. Additionally, Globalstar achieved a lower net loss and delivered an adjusted EBITDA margin of 50%, reflecting disciplined execution and continued progress across its business.
In terms of operational highlights, the company made significant advancements in the development of its extended MSS network. This included progress in global ground station expansion, new construction, and existing site expansion in Europe, Asia, and North America, aimed at strengthening capacity, redundancy, and readiness for next-generation services. Furthermore, Globalstar completed the critical design review for its next-generation C-3 satellites in collaboration with MDA Space, marking a significant milestone in satellite construction.
The company also expanded its product and solution portfolio by introducing two-way satellite IoT capabilities and advanced higher-value offerings designed to support enterprise, government, and industrial applications requiring reliable command and control. This rollout demonstrates Globalstar's ability to enable two-way IoT at scale, strengthen partner-led growth, and expand its addressable markets.
Dr. Paul E. Jacobs, Globalstar's CEO, emphasized that 2025 was a transformational year for the company, with advancements in global infrastructure expansion, product innovation, and growing commercial adoption across government, enterprise, and industrial markets. He also highlighted the progress made with satellite and ground station partners, positioning Globalstar for the deployment of not only satellites to replenish the existing constellation but also to extend its reach with a third-generation system.
Looking ahead to 2026, Globalstar aims to build on the momentum gained in 2025, with the commercial rollout of two-way IoT capabilities, progress on regulatory and network infrastructure initiatives, and traction for XCOM RAN. Dr. Jacobs expressed confidence in the company's ability to deliver differentiated connectivity solutions that combine satellite innovation, licensed spectrum, and proprietary wireless technology to meet the evolving needs of customers worldwide.
As a result of these announcements, the company's shares have moved -4.19% on the market, and are now trading at a price of $60.16. For more information, read the company's full 8-K submission here.
