Globalstar, Inc. GSAT

Communication services SIC 4899 - Communications Services, NEC NAICS Information › Telecommunications › All Other Telecommunications derived Nasdaq

Through its global satellite network, Globalstar, Inc. ("we," "us" or the "Company") provides Mobile Satellite Services ("MSS"), including voice and data communications services to retail, business and governmental customers as well as wholesale satellite capacity services. We offer these services over our network of in-orbit satellites and ground stations ("gateways") pursuant to our spectrum licenses, which we refer to collectively as the Globalstar System. In addition to supporting Internet of Things ("IoT") data transmissions in a variety of applications, we provide reliable connectivity in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters. By providing global mobile satellite communications services, we aim to meet our customers' increasing desire for connectivity.

Last close 82.52 2026-10-23
Market cap $10.66B estimated share count
52-week range 41.06 - 84.85

Valuation FY2025 figures against the last close

P/S39.0x
P/E—
P/FCF17.1x
EV/EBITDA112.7x
Dividend yield0.1%
Diluted EPS-0.15

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $273.0M$250.3M$223.8M$148.5M$124.3M$128.5M$131.7M$130.1M$112.7M$96.9M
Cost of revenue ————————$37.0M$31.9M
Gross profit ————————$75.6M$65.0M
R&D $6.1M$6.5M$1.4M$500.0K$1.0M$1.9M$3.2M$2.7M$3.8M$2.1M
SG&A $51.4M$43.4M$43.5M$33.3M$34.6M$41.7M$45.2M$55.4M$38.8M$40.6M
Total operating expenses $265.6M$251.3M$224.0M$369.5M$189.8M$187.7M$195.8M$177.5M$181.1M$160.1M
Operating income $7.4M-$949.0K-$165.0K-$221.0M-$65.5M-$59.2M-$64.0M-$47.4M-$68.4M-$63.3M
Pre-tax income -$2.8M-$61.0M-$23.6M-$256.8M-$112.9M-$109.0M$15.9M-$6.4M-$88.9M-$139.2M
Income tax $5.9M$2.1M$1.1M$73.0K$299.0K$662.0K$545.0K$125.0K$190.0K$6.5M
Net income -$8.7M-$63.2M-$24.7M-$256.9M-$112.6M-$109.6M$15.3M-$6.5M-$89.1M-$132.6M
EPS, basic -0.15-0.59-0.29-2.15-0.06-0.070.01-0.01-0.08-0.12
EPS, diluted -0.15-0.59-0.29-2.15-0.06-0.07-0.07-0.01-0.08-0.12
Shares, diluted (wtd. avg.) 126.8M125.9M122.3M120.1M1.77B1.64B1.66B1.27B1.17B1.06B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $447.5M$391.2M$56.7M$32.1M$14.3M$68.0M$59.1M$75.5M$105.3M$48.2M
Receivables $20.0M$27.0M$48.7M$26.3M$21.2M$22.1M$21.8M$19.3M$19.3M$15.2M
Inventory $9.6M$10.7M$14.6M$9.3M$13.8M$13.7M$16.3M$14.3M$7.3M$8.1M
Total current assets $496.7M$447.6M$142.7M$81.2M$68.9M$68.5M$63.3M$122.5M$136.4M$38.1M
Property, plant and equipment $1.31B$673.6M$624.0M$560.4M$672.2M$715.9M$799.9M$882.7M$971.1M$1.04B
Goodwill $30.6M$30.6M$30.6M———————
Other intangibles $92.3M$85.2M$60.7M$30.4M$31.0M$27.5M$25.2M$25.1M$2.0M$1.3M
Total assets $2.33B$1.71B$924.3M$738.5M$814.1M$888.1M$965.6M$1.05B$1.13B$1.13B
Accounts payable $56.0M$29.7M$29.0M$3.8M$6.2M$2.9M$8.0M$7.0M$6.0M$7.5M
Short-term debt $31.8M$34.6M$34.6M$0$0$58.8M$0$96.2M$79.2M$75.8M
Total current liabilities $205.5M$141.5M$175.9M$197.1M$61.6M$114.2M$63.1M$159.7M$160.3M$172.4M
Long-term debt $452.0M$476.8M$325.7M$132.1M$237.9M$326.6M$464.2M$367.2M$434.7M$500.5M
Total liabilities $1.97B$1.35B$545.3M———————
Retained earnings -$2.14B-$2.13B-$2.06B-$2.04B-$1.78B-$1.67B-$1.56B-$1.57B-$1.57B-$1.48B
Total equity $355.7M$358.9M$379.0M$314.8M$365.4M$423.1M$407.3M$358.9M$291.2M$161.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $621.6M$439.2M$74.3M$63.8M$131.9M$22.2M$3.0M$5.9M$13.9M$8.8M
Depreciation and amortisation $87.4M$89.0M$88.2M$93.9M$96.2M$96.8M$95.8M$90.4M$77.5M$77.4M
Stock-based compensation $23.4M$35.5M$22.5M$10.8M$6.7M$5.9M$5.7M$7.0M$5.1M$4.9M
Capital expenditure ——————$4.6M$7.3M$5.5M$9.4M
Investing cash flow -$550.4M-$260.6M-$175.6M-$40.0M-$45.2M-$14.5M-$11.5M-$17.4M-$20.8M-$24.6M
Financing cash flow -$16.2M$157.2M$125.8M-$6.0M-$140.3M$1.2M-$7.9M-$18.2M$63.8M$18.5M
Dividends paid $10.6M$10.6M$11.9M$0$0—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001366868-26-000012.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -400M -200M 0 200M 400M Revenue, FY2016: 96.9M Gross profit, FY2016: 65M Net income, FY2016: -132.6M Revenue, FY2017: 112.7M Gross profit, FY2017: 75.6M Net income, FY2017: -89.1M Revenue, FY2018: 130.1M Net income, FY2018: -6.5M Revenue, FY2019: 131.7M Net income, FY2019: 15.3M Revenue, FY2020: 128.5M Net income, FY2020: -109.6M Revenue, FY2021: 124.3M Net income, FY2021: -112.6M Revenue, FY2022: 148.5M Net income, FY2022: -256.9M Revenue, FY2023: 223.8M Net income, FY2023: -24.7M Revenue, FY2024: 250.3M Net income, FY2024: -63.2M Revenue, FY2025: 273M Net income, FY2025: -8.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $96.9M $112.7M $130.1M $131.7M $128.5M $124.3M $148.5M $223.8M $250.3M $273.0M
Gross profit $65.0M $75.6M — — — — — — — —
Net income -$132.6M -$89.1M -$6.5M $15.3M -$109.6M -$112.6M -$256.9M -$24.7M -$63.2M -$8.7M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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