v3.26.3
Revenue (Tables)
 9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule Of Revenue Disaggregated By Product And Services
The following table discloses revenue disaggregated by type of product and service (in thousands):

Three Months EndedNine Months Ended
September 30, 2026September 30, 2025September 30, 2026September 30, 2025
Service revenue:
Wholesale capacity services$44,603 $47,346 $130,984 $126,440 
Subscriber services
Commercial IoT7,694 6,867 22,656 20,498 
SPOT8,594 9,452 25,853 28,047 
Duplex3,283 4,726 8,574 11,855 
Government and other services1,212 1,244 4,018 3,078 
Total service revenue65,386 69,635 192,085 189,918 
Total subscriber equipment sales5,517 4,210 13,654 11,107 
Total revenue$70,903 $73,845 $205,739 $201,025 
Schedule Of Accounts Receivable And Contract Liabilities The Company's receivable balances by type and classification are presented in the table below, net of allowance for credit losses, and may include amounts related to earned but unbilled receivables (in thousands):
As of:
September 30, 2026December 31, 2025
Accounts receivable, net of allowance for credit losses:
Subscriber and other accounts receivable
$17,438 $15,070 
Wholesale capacity accounts receivable4,876 4,906 
Total accounts receivable, net of allowance for credit losses$22,314 $19,976 
The Company's contract liabilities by type and classification are presented in the table below (in thousands):
As of:
September 30, 2026December 31, 2025
Short-term contract liabilities:
Subscriber and other contract liabilities
$16,488 $17,091 
Wholesale capacity contract liabilities, net of contract asset
27,678 44,929 
Total short-term contract liabilities$44,166 $62,020 
Long-term contract liabilities:
Subscriber and other contract liabilities
$1,097 $1,296 
Wholesale capacity contract liabilities, net of contract asset1,167,598 805,634 
Total long-term contract liabilities$1,168,695 $806,930 
Total contract liabilities$1,212,861 $868,950 
The components of wholesale capacity contract liabilities are presented in the table below (in thousands):

As of:
September 30, 2026December 31, 2025
Wholesale capacity contract liabilities, net:
Additional consideration associated with the 2023 Funding Agreement (1)
$6,020 $6,920 
Advanced payments for services expected to be performed with the ground spare satellite launched in June 202218,836 20,155 
Advanced payments contractually owed for services expected to be performed with the replacement satellite constellation prior to the Phase 2 Service Period— 3,924 
Advanced payments for the quarterly access fee, service-related operating and capital expenditures and other services
35,678 37,682 
Advanced payments under the Infrastructure Prepayment (See Note 3: Special Purpose Entity)
918,165 708,593 
Additional consideration associated with the Updated Services Agreements (2)
125,516 53,504 
Additional consideration associated with the 2024 Debt Repayment (3)
58,780 — 
Other advanced payments associated with future performance obligations (4)
83,239 60,674 
Contract asset (5)
(50,958)(40,889)
Wholesale capacity contract liabilities, net$1,195,276 $850,563 

(1)Includes additional consideration associated with the below-market interest rate within the 2023 Funding Agreement (as defined in Note 6: Long-Term Debt and Other Financing Arrangements below). This consideration will be recognized over the estimated Phase 2 Service Period. Refer to Note 6: Long-Term Debt and Other Financing Arrangements for discussion of the payoff of the 2021 Funding Agreement during March 2026.
(2)Primarily represents additional consideration for the implied economic benefit to Globalstar for receiving payments in advance of service. This consideration primarily includes an estimate of the significant financing component totaling $116.8 million related primarily to the Infrastructure Prepayment. The Company expects to recognize this consideration over the estimated Extended MSS Network service period.
(3)Includes additional value recognized upon adoption of ASU 2025-07 associated with the rights and privileges within the 2024 Debt Repayment (as defined in Note 6: Long-Term Debt and Other Financing Arrangements below). The Company expects to recognize this consideration over the estimated Extended MSS Network service period.
(4)Includes primarily: a) advanced service payments totaling $67.5 million pursuant to the Updated Services Agreements, which provide for a portion of annual service fees to be accelerated and b) $13.3 million of make whole fees paid by Customer for the extinguishment of the 2023 13% Notes in 2024. These advanced payments will be recognized during the Extended MSS Network service period.
(5)Primarily includes warrants with an initial fair value at the time of issuance of $48.3 million which was recorded in equity with an offset to a contract asset on the Company's consolidated balance sheets. The fair value of the warrants is recorded as a reduction to revenue over time and totaled $40.8 million as of September 30, 2026.