LA PLATA, Maryland — Mobile satellite service provider Globalstar Inc. reported a record $273 million in revenue in 2025 and $7.4 million in operating income after a $900,000 loss in 2024, with most of the revenue growth coming from its wholesale service contract with Apple.
The results came despite a $1.1 million charge in the form of tariffs Globalstar paid on hardware that was imported and then re-exported.
The company reported a 4% increase in commercial IoT revenue, to $27.2 million, with both subscription and . . .
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