• Globalstar recently reported third-quarter 2025 results, posting revenue of US$73.85 million, which surpassed analyst expectations and showed annual growth, while also announcing ongoing network expansions in Brazil and reaffirming its full-year revenue guidance.

• The company also confirmed progress on its next-generation C-3 satellite system and saw a meaningful uptick in commercial IoT device sales, reflecting positive operational momentum and demand for its advanced connectivity solutions.

• We’ll examine how Globalstar’s better-than-expected results and continued network investments reshape its long-term growth and acquisition narrative.

AI is about to change healthcare. These 32 stocks are working on everything from early diagnostics to drug discovery. The best part – they are all under $10b in market cap – there’s still time to get in early.

To be a shareholder in Globalstar, you need to believe in the company’s ability to translate network investments and product launches into sustainable revenue growth, while overcoming intense competition and the ongoing demands of capital expenditure. The Q3 results, which surpassed revenue expectations, offer positive validation for near-term demand, but they do not fundamentally shift the largest short-term catalyst, commercial adoption of its IoT solutions, or alleviate the biggest risk, which remains high cash needs for network expansion. Overall, the news is encouraging but not transformative for the risk-reward outlook.

Of recent company announcements, the decision to install eight new C-3 tracking antennas at ground stations across Brazil stands out. This move directly supports Globalstar’s most prominent short-term catalyst: strengthening its ability to deliver reliable IoT and direct-to-device connectivity in regions underserved by traditional networks, and further positions the company to meet growing commercial and industrial demand for satellite-based solutions.

In contrast, investors should also be aware that persistent capital expenditures for network upgrades could outpace internal cash flows, leaving the business exposed if …

Read the full narrative on Globalstar (it’s free!)

Globalstar’s narrative projects $383.1 million revenue and $75.2 million earnings by 2028. This requires 13.7% yearly revenue growth and a $124.2 million earnings increase from -$49.0 million today.

Uncover how Globalstar’s forecasts yield a $60.00 fair value, a 19% upside to its current price.

Fair value estimates for Globalstar from eight Simply Wall St Community members range widely from US$4.65 to US$60. With so many possible outcomes for cash needs and network expansion, you may want to compare the different outlooks for earnings and growth before forming your own view.