Globalstar (GSAT) reported second-quarter 2026 revenue of $64.8 million, including $60.0 million in service revenue and $4.8 million from subscriber equipment sales. The company posted a net loss of $26.5 million, compared with net income of $19.2 million in the prior-year quarter.
Globalstar said its proposed transaction with Amazon continued through regulatory review, with the HSR Act waiting period expiring in July 2026. The company also cited record high Commercial IoT subscriber activations and ongoing work on next-generation satellite initiatives.
- Second-quarter 2026 total revenue was $64.8 million, down from $67.1 million a year earlier.
- Net loss was $26.5 million, versus net income of $19.2 million in the prior-year quarter.
- Basic and diluted net loss per common share were both $0.23.
- Adjusted EBITDA was $26.0 million, compared with $35.8 million in the second quarter of 2025.
- Cash and cash equivalents were $409.8 million as of June 30, 2026.
- Globalstar said the Amazon transaction is expected to close in 2027, subject to remaining conditions and approvals.
$GSAT Insider Trading Activity
$GSAT insiders have traded $GSAT stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.
Here’s a breakdown of recent trading of $GSAT stock by insiders over the last 6 months:
- REBECCA CLARY (VP & Chief Financial Officer) has made 0 purchases and 6 sales selling 11,346 shares for an estimated $864,922.
- PAUL E JACOBS (Chief Executive Officer) has made 0 purchases and 3 sales selling 1,867 shares for an estimated $108,601.
- L BARBEE IV PONDER (General Counsel) has made 0 purchases and 2 sales selling 1,174 shares for an estimated $66,331.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$GSAT Hedge Fund Activity
We have seen 132 institutional investors add shares of $GSAT stock to their portfolio, and 114 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HOOD RIVER CAPITAL MANAGEMENT LLC removed 1,238,132 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $82,236,727
- PRICE T ROWE ASSOCIATES INC /MD/ removed 469,941 shares (-87.1%) from their portfolio in Q1 2026, for an estimated $31,213,481
- CITIGROUP INC added 440,725 shares (+6540.9%) to their portfolio in Q2 2026, for an estimated $35,826,535
- VAN ECK ASSOCIATES CORP added 389,686 shares (+66.7%) to their portfolio in Q1 2026, for an estimated $25,882,944
- VOYA INVESTMENT MANAGEMENT LLC added 325,685 shares (+3612.7%) to their portfolio in Q1 2026, for an estimated $21,631,997
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 318,826 shares (+167.9%) to their portfolio in Q1 2026, for an estimated $21,176,422
- SCULPTOR CAPITAL LP added 237,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $15,741,540
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
