Globalstar, Inc. (NASDAQ:GSAT) stock gained on Friday after the company reported mixed fiscal fourth-quarter 2025 results.

The company reported a quarterly revenue of $71.96 million, beating the analyst consensus estimate of $71.22 million.

Service revenue increased 17% Y/Y to $67.39 million primarily due to increased wholesale capacity services revenue. Revenue from subscriber equipment sales increased 31% Y/Y to $4.57 million.

Net loss improved to $11.6 million for the quarter, compared to $50.2 million loss Y/Y. 

The EPS loss of 11 cents was wider than analyst estimates of a 1-cent loss.

Adjusted EBITDA increased to $32.4 million for the quarter from $30.4 million Y/Y.

The company held $447.5 million in cash and equivalents as of December 31, 2025.

It generated $175.89 million in operating cash flow during the quarter, down from ...