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Stock research / United States / GSAT · Communications Services, Nec · Nasdaq

Globalstar, Inc. (GSAT)

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Globalstar, Inc. (GSAT) reported revenue of $65 million for Q2 FY2026, the quarter ended 30 June 2026, down 3.5% on the same quarter a year earlier. Net income was -$27 million, and diluted earnings per share $-0.23. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$65 milliondown 3.5%
Net income-$27 million
Diluted EPS$-0.23
QuarterQ2 FY2026ended 30 June 2026

Globalstar (GSAT) in brief

Globalstar (GSAT) reported revenue of $273 million for fiscal 2025, the year ended 31 December 2025, up 9.0% on the year before.
Read moreNet loss was $9 million and the diluted loss per share $0.15. Revenue was $250 million in fiscal 2024, $224 million in fiscal 2023, $149 million in fiscal 2022 and $124 million in fiscal 2021. Net income in the same years was a loss of $63 million, a loss of $25 million, a loss of $257 million and a loss of $113 million. Over the twelve months to 30 June 2026, Globalstar reported revenue of $281 million and net loss of $54 million. Revenue grew 16.3% a year, compounded, over the five years to fiscal 2025. At 30 June 2026 it carried $359 million of debt and $410 million of cash. At the close of 29 October 2026 the market cap of Globalstar was $10.8 billion.

Ratios

From the filings

ROE-18.6%
ROCE2.0%
Operating margin4.7%
Net margin-19.4%
FCF margin201.6%
Interest covern/a
Debt to equity1.23
Cash conversionn/a
Share count, last 12 months2.0%
Sales CAGR, 3 years22.5%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.51

At the close of 29 October 2026

Price$83.55
Market cap$10.8 billion
Stock P/En/a
Price to book36.87
EV / EBITDA118.64
Dividend yieldn/a
Market cap / sales38.44
52-week high$84.43
52-week low$41.54
Price, 1 year101.1%
Price CAGR, 3 years59.6%
Price CAGR, 5 years27.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Globalstar, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
GSATgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on GSAT

Dividends$10.6 million paid in cash dividends in FY2025
Filings14 in twelve months: 6 current reports (8-K), about 4 results of operations; 1 shareholder vote; 1 material agreement; 1 new financial obligation; 1 regulation FD disclosure
Planned insider sales35 Form 144 notices in twelve months, $36.8 million; latest 21 September 2026
Options tapeput/call 0.68 by open interest at the 29 October 2026 close; the straddle prices a 8.5% move to 20 November 2026
13F holders313 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading40 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.9 million shares short, 6.25 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022 †Q4 FY2022 *Q1 FY2023 †Q2 FY2023 †Q3 FY2023Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue32.634.532.836.837.641.358.655.157.752.456.560.472.361.260.067.173.872.070.164.8
Cost of revenue13.713.313.413.814.814.516.117.917.318.118.920.221.721.620.722.425.627.425.927.0
Gross profit18.921.219.423.022.826.842.537.240.434.337.640.250.639.539.444.848.244.544.237.8
Gross margin58%62%59%63%61%65%72%67%70%65%67%67%70%65%66%67%65%62%63%58%
SG&A9.212.49.39.78.614.49.610.112.111.610.610.410.412.011.69.711.318.814.823.0
Operating income-14.7-15.5-13.7-11.4-187-9.37.22.62.0-12.0-4.7-1.49.4-4.2-8.56.110.2-0.48.2-4.8
Operating margin-45%-45%-42%-31%-496%-23%12%5%3%-23%-8%-2%13%-7%-14%9%14%-1%12%-7%
Pre-tax income-31.0-24.6-20.4-26.6-205-5.3-3.40.0-6.1-14.1-13.2-9.511.7-50.0-12.817.42.2-9.6-15.8-22.6
Tax raten/an/an/an/an/an/an/a74%n/an/an/an/a15%n/an/a-11%50%n/an/an/a
Net income-30.9-24.0-20.5-26.8-204-5.3-3.50.0-6.2-15.1-13.2-9.79.9-50.2-17.319.21.1-11.6-17.4-26.5
Net margin-95%-69%-62%-73%-543%-13%-6%0%-11%-29%-23%-16%14%-82%-29%29%1%-16%-25%-41%
Diluted EPS-$0.02-$0.01-$0.01-$0.01-$0.11$0.00$0.00$0.00$0.00-$0.01-$0.01-$0.01$0.00-$0.42-$0.16$0.13-$0.01-$0.11-$0.16-$0.23
Operating cash flow51.224.77.613.210.932.122.820.225.65.829.836.732.034151.915823617635.2125
Capital expenditure1.92.11.31.92.61.22.90.51.51.91.92.90.91.21.21.61.41.31.51.6
Free cash flow49.322.66.311.38.330.919.919.724.03.827.933.831.233950.715623517533.7123
Dividends paid0.00.00.00.00.00.04.02.62.72.72.62.62.72.72.62.62.72.72.62.6
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 17 fiscal years and the trailing twelve months

FY2009FY2010 †FY2011 †FY2012 †FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue64.367.972.876.382.790.190.596.9113130132128124149224250273281
Cost of revenue46.144.449.843.443.844.542.441.847.052.153.248.051.056.569.582.496.1106
Gross profit18.223.623.033.038.945.548.155.065.778.078.580.573.392.0154168177175
Gross margin28.3%34.7%31.6%43.2%47.0%50.6%53.1%56.8%58.3%60.0%59.6%62.6%59.0%62.0%69.0%67.1%64.8%62.2%
Research and developmentn/a3.71.90.30.60.51.92.13.82.73.21.91.00.51.46.56.1n/a
Selling, general and administrative49.241.833.827.529.933.537.440.638.855.445.241.734.633.343.543.451.468.0
Operating income-53.8-59.8-73.2-95.0-87.4-95.9-66.6-63.3-68.4-47.4-64.0-59.2-65.5-221-0.2-0.97.413.2
Operating margin-83.7%-88.0%-100.6%-124.5%-105.7%-106.5%-73.6%-65.3%-60.8%-36.4%-48.6%-46.0%-52.7%-148.8%-0.1%-0.4%2.7%4.7%
Interest expense6.75.04.8n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Pre-tax income-74.9-97.1-55.0-112-590-46273.7-139-88.9-6.415.9-109-113-257-23.6-61.0-2.8-45.9
Income tax-0.00.4-0.10.41.10.91.4-6.50.20.10.50.7-0.30.11.12.15.98.6
Effective tax raten/an/an/an/an/an/a1.9%n/an/an/a3.4%n/an/an/an/an/an/an/a
Net income-74.9-97.5-54.9-112-591-46372.3-133-89.1-6.515.3-110-113-257-24.7-63.2-8.7-54.5
Net margin-116.6%-143.5%-75.4%-147.0%-714.7%-513.9%79.9%-136.9%-79.1%-5.0%11.6%-85.3%-90.6%-173.0%-11.0%-25.2%-3.2%-19.4%
Diluted EPS-$0.58-$0.34-$0.18-$0.29-$0.96-$0.50$0.07-$0.12-$0.08-$0.01-$0.07-$0.07-$0.06-$0.14-$0.02-$0.59-$0.15-$0.51
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Wholesale capacity services10914517363.3%
SPOT44.241.137.313.7%
Commercial IoT22.926.227.310.0%
Subscriber equipment sales19.612.715.75.7%
Duplex25.920.215.25.6%
Government and other services2.14.84.81.7%
Wholesale capacity servicesSPOTCommercial IoTSubscriber equipment salesDuplexGovernment and other services
224FY2023250FY2024273FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2009FY2010 †FY2011 †FY2012 †FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow-18.4-23.3-5.56.9-6.54.02.28.813.95.93.022.213263.874.3439622572
Capital expenditure2.37.32.60.81.73.35.59.45.57.34.65.26.37.16.96.85.55.8
Free cash flow-20.7-30.6-8.16.1-8.10.7-3.4-0.68.3-1.4-1.517.112656.767.4432616566
Free cash flow margin-32.2%-45.1%-11.1%8.0%-9.8%0.8%-3.7%-0.6%7.4%-1.1%-1.2%13.3%101.0%38.2%30.1%172.7%225.7%201.6%
Cash from investing-312-205-99.4-58.0-37.1-19.3-33.5-24.6-20.8-17.4-11.5-14.5-45.2-40.0-176-261-550-487
Cash from financing38719582.652.449.05.333.318.563.8-18.2-7.91.2-140-6.0126157-16.216.4
Depreciation and amortisation21.927.450.069.890.686.177.277.477.590.495.896.896.293.988.289.087.477.3
Share-based compensation9.90.92.00.82.13.43.04.95.17.05.75.96.710.822.535.523.415.9
Dividends paidn/an/an/an/an/an/an/an/an/an/an/an/a0.00.011.910.610.610.6
Diluted shares, weighted128m285m299m388m615m934m1,230m1,064m1,167m1,270m1,655m1,642m1,765m1,801m1,835m126m127m129m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2009FY2010 †FY2011 †FY2012 †FY2013FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity59653553449511778.9237162291359407423365315379359356293
Debtn/a665724751669630581576514463464385238192360511484359
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/a0.014.713.729.227.629.226.354.553.0
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/a0.00.00.00.1n/an/an/an/a
Other liabilitiesn/a18716315858755935739532422379.365.91822041568141,4321,740
Total liabilities and equityn/a1,3871,4201,4041,3731,2681,1751,1331,1291,0459668888147389241,7102,3262,445
Owned
Fixed assetsn/a1,1501,2181,2151,1701,1141,0781,0409718838007166725606246741,3051,543
Goodwilln/an/an/an/an/an/an/an/an/an/an/an/an/an/a30.630.630.6n/a
Intangible assetsn/an/an/a1.81.0n/an/a1.32.025.125.227.531.030.460.785.292.3n/a
Cash and equivalents67.933.010.011.817.47.17.510.241.615.27.613.314.332.156.7391447410
Receivablesn/a13.712.413.915.715.014.515.217.119.321.822.121.226.348.727.020.020.5
Inventoryn/a55.641.842.231.814.712.08.17.314.316.313.713.89.314.610.79.610.9
Other assetsn/a13413811913711863.458.190.188.994.895.561.680.089.0492421460
Total assetsn/a1,3871,4201,4041,3731,2681,1751,1331,1291,0459668888147389241,7102,3262,445
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded11.7%16.3%22.5%7.7%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-27.6%-27.8%-8.9%-2.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Globalstar's revenue in fiscal 2025?

Globalstar (GSAT) reported revenue of $273 million for fiscal 2025, the year ended 31 December 2025, up 9.0% on the year before.

How much did Globalstar earn in fiscal 2025?

Net loss was $9 million for fiscal 2025, and the diluted loss per share $0.15.

What is Globalstar's market cap?

The market cap of Globalstar was $10.8 billion at the close of 29 October 2026.

How much debt does Globalstar have?

At 30 June 2026 Globalstar carried $359 million of debt and $410 million of cash.

Peers: Communication

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
EchoStar Corp. ECHO$34.3 billionn/a-40.1%-112.7%-5.2%1.23n/a
Roku, Inc. ROKU$23.1 billion66.8012.6%5.2%18.5%0.00n/a
Charter Communications, Inc. CHTR$13.2 billion2.8329.0%23.3%-1.5%5.54n/a
Tencent Music Entertainment Group TME *$13.2 billionn/a13.8%40.6%15.8%0.042.1%
AST SpaceMobile, Inc. ASTS$12.9 billionn/a-25.8%n/a2,265.6%1.24n/a
Globalstar, Inc. GSAT$10.8 billionn/a-18.6%4.7%7.7%1.23n/a
Viasat Inc. VSAT$10.7 billionn/a-0.6%2.4%1.3%1.25n/a
Sirius XM Holdings Inc. SIRI$9.7 billion11.577.4%19.0%0.5%0.773.8%
Nexstar Media Group, Inc. NXST$5.2 billion32.628.3%17.8%10.5%5.184.4%
Iridium Communications Inc. IRDM$4.9 billion30.5028.3%19.0%3.6%3.711.3%
Calix, Inc. CALX$2.4 billion51.767.2%5.5%27.8%0.000.0%
Cogent Communications Holdings, Inc. CCOI$397 millionn/an/a8.0%-4.5%n/a13.9%
All 34 in Communication
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Verizon Communications Inc. VZ$181.0 billion11.1415.3%20.9%1.4%1.556.4%
T-Mobile US, Inc. TMUS$156.7 billion14.2320.1%20.7%9.3%1.492.9%
AT&T Inc. T$140.9 billion11.3010.7%18.3%3.5%1.305.3%
Spotify Technology S.A. SPOT *$114.7 billion47.3526.6%12.8%9.7%0.18n/a
Comcast Corp. CMCSA$79.3 billion7.0512.2%14.7%-0.3%0.945.9%
Chunghwa Telecom Co. Ltd. CHT *$37.7 billion31.7310.1%20.6%2.7%0.073.3%
Vodafone Group Public Limited Company VOD *$35.9 billionn/a-0.8%7.0%8.0%1.043.5%
EchoStar Corp. ECHO$34.3 billionn/a-40.1%-112.7%-5.2%1.23n/a
Fox Corp. FOXA$28.3 billion16.7914.5%n/a5.1%0.57n/a
Fox Corp. FOX$25.1 billion14.9114.5%n/a5.1%0.57n/a
Roku, Inc. ROKU$23.1 billion66.8012.6%5.2%18.5%0.00n/a
Charter Communications, Inc. CHTR$13.2 billion2.8329.0%23.3%-1.5%5.54n/a
Tencent Music Entertainment Group TME *$13.2 billionn/a13.8%40.6%15.8%0.042.1%
AST SpaceMobile, Inc. ASTS$12.9 billionn/a-25.8%n/a2,265.6%1.24n/a
Globalstar, Inc. GSAT$10.8 billionn/a-18.6%4.7%7.7%1.23n/a
Viasat Inc. VSAT$10.7 billionn/a-0.6%2.4%1.3%1.25n/a
Sirius XM Holdings Inc. SIRI$9.7 billion11.577.4%19.0%0.5%0.773.8%
Nexstar Media Group, Inc. NXST$5.2 billion32.628.3%17.8%10.5%5.184.4%
Lumen Technologies, Inc. LUMN$4.9 billionn/an/a1.7%-7.7%n/an/a
Iridium Communications Inc. IRDM$4.9 billion30.5028.3%19.0%3.6%3.711.3%
Versant Media Group, Inc. VSNT$4.4 billionn/an/an/an/a0.36n/a
Telephone & Data Systems Inc. TDS$3.9 billionn/an/an/an/a0.130.5%
Liberty Global Ltd. LBTYA$2.6 billionn/a-32.9%-1.8%5.4%0.90n/a
Adeia Inc. ADEA$2.5 billion20.8125.7%41.6%24.3%0.810.9%
Calix, Inc. CALX$2.4 billion51.767.2%5.5%27.8%0.000.0%
IDT Corp. IDT$2.0 billion23.5523.0%9.3%5.4%0.000.3%
Ziff Davis, Inc. ZD$2.0 billion3.1628.8%5.5%-8.5%0.39n/a
Anterix Inc. ATEX$1.8 billion26.2723.0%1,011.3%18.9%0.00n/a
Liberty Latin America Ltd. LILA$1.7 billionn/an/a14.3%1.1%15.98n/a
Uniti Group Inc. UNIT$1.2 billion1.91666.9%3.2%n/a65.860.0%
Sinclair, Inc. SBGI$917 million16.9413.7%6.6%-6.5%10.68n/a
Liberty Capital Corp. GLIBA$860 millionn/a-19.4%-38.3%n/a0.70n/a
Shenandoah Telecommunications Co. SHEN$562 millionn/a-4.5%-3.9%5.5%0.891.1%
Cogent Communications Holdings, Inc. CCOI$397 millionn/an/a8.0%-4.5%n/a13.9%
6 companies share its SEC industry code (Communications Services, Nec); the rest are the names nearest in size in its wider industry, Communication, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR