8-KCurrent report
Results of operations
✓ VerifiedGlobalstar reported Q2 2026 revenue of $64.8 million and a net loss of $26.5 million, versus net income of $19.2 million a year earlier, while the HSR waiting period for its Amazon merger expired on July 17, 2026.
Filed Aug 6, 2026 · 08:02 ET
Summary
- Total revenue for the second quarter of 2026 was $64.8 million, including $60.0 million of service revenue and $4.8 million from subscriber equipment sales.
- Net loss was $26.5 million for the second quarter of 2026, compared to net income of $19.2 million for the prior year's second quarter.
- Adjusted EBITDA was $26.0 million during the second quarter of 2026 compared to $35.8 million during the prior year's second quarter.
- The HSR waiting period for the Amazon merger expired on July 17, 2026, and the transaction is projected to close in 2027 subject to remaining regulatory approvals and HIBLEO-4 replacement satellite milestones.
- The company held cash and cash equivalents of $409.8 million as of June 30, 2026, compared to $447.5 million as of December 31, 2025.
- Globalstar rescheduled the launch of its first set of replacement satellites for later this month and does not intend to hold future earnings conference calls or provide forward-looking guidance.
Key facts
- Q2 2026 total revenue
- $64.8 million
From the filing for Q2 2026 total revenue
“Total revenue for the second quarter of 2026 was $64.8 million, including $60.0 million of service revenue and $4.8 million of revenue generated from subscriber equipment sales.”
- Q2 2026 net loss
- $26.5 million
From the filing for Q2 2026 net loss
“Net loss was $26.5 million for the second quarter of 2026, compared to net income of $19.2 million for the prior year's second quarter.”
- Q2 2026 Adjusted EBITDA
- $26.0 million
From the filing for Q2 2026 Adjusted EBITDA
“Adjusted EBITDA was $26.0 million during the second quarter of 2026 compared to $35.8 million during the prior year's second quarter.”
- Loss from operations
- $4.8 million
From the filing for Loss from operations
“Loss from operations was $4.8 million during the second quarter of 2026, compared to income from operations of $6.1 million during the prior year's second quarter.”
- HSR waiting period expiration
- July 17, 2026
From the filing for HSR waiting period expiration
“The proposed transaction with Amazon is progressing through the regulatory approval process with the HSR waiting period having expired on July 17, 2026.”
- Cash and cash equivalents
- $409.8 million
From the filing for Cash and cash equivalents
“As of June 30, 2026, we held cash and cash equivalents of $409.8 million, compared to $447.5 million as of December 31, 2025.”
- Six-month net loss
- $41.4 million
From the filing for Six-month net loss
“Net loss was $41.4 million for the first six months of 2026, compared to net income of $1.9 million during the same period in 2025.”
- Debt principal
- $423.7 million
From the filing for Debt principal
“The principal amount of our debt was $423.7 million at June 30, 2026, compared to $410.0 million at December 31, 2025.”
Why it mattersThe filing discloses Globalstar's Q2 2026 results and confirms the HSR waiting period for the Amazon merger has expired, with closing targeted for 2027. The company has stopped holding earnings calls and providing guidance during the merger's pendency.
- Filed
- Aug 6, 2026
- Accepted
- 2026-08-06 12:02Z
- Period
- Aug 6, 2026
- Accession no.
- 0001366868-26-000037
- Size
- 407 KB
- Index
- Filing index