GSAT · Globalstar, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $70.06M | - | $73.84M | $67.15M | $60.03M | - | $72.31M | $60.38M | $56.48M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $14.83M | - | $11.35M | $9.68M | $11.59M | - | $10.44M | $10.35M | $10.65M | - |
| Total Operating Expenses | $61.89M | - | $63.69M | $61.00M | $68.53M | - | $62.87M | $61.81M | $61.19M | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $8.17M | - | $10.16M | $6.15M | ($8.50M) | - | $9.43M | ($1.42M) | ($4.71M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $1.60M | - | $1.10M | ($1.83M) | $4.58M | - | $1.73M | $182.0K | $8.0K | - |
| Net Income | ($17.42M) | - | $1.09M | $19.21M | ($17.33M) | - | $9.93M | ($9.68M) | ($13.20M) | - |
| EPS - Basic | ($0.16) | - | ($0.01) | $0.13 | ($0.16) | - | $0.00 | ($0.15) | ($0.15) | - |
| EPS - Diluted | ($0.16) | - | ($0.01) | $0.13 | ($0.16) | - | $0.00 | ($0.15) | ($0.15) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $358.45M | $447.47M | $346.29M | $308.23M | $241.41M | $391.16M | $51.92M | $64.33M | $59.28M | $56.74M |
| Accounts Receivable | $19.76M | $19.98M | $25.97M | $24.77M | $22.86M | $26.95M | $43.02M | $43.15M | $42.83M | $48.74M |
| Inventory | $10.08M | $9.61M | $11.43M | $11.48M | $10.16M | $10.74M | $11.88M | $13.11M | $14.41M | $14.58M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | $2.03M |
| Current Assets | $406.55M | $496.73M | $400.99M | $363.39M | $292.47M | $447.57M | $127.45M | $144.01M | $135.98M | $142.65M |
| Total Assets | $2.38B | $2.33B | $2.16B | $1.91B | $1.73B | $1.71B | $917.56M | $926.25M | $917.01M | $924.31M |
| Current Liabilities | $253.51M | $205.49M | $158.38M | $129.24M | $129.05M | $141.49M | $116.85M | $138.34M | $135.68M | $175.91M |
| Long-term Debt | $432.16M | $451.95M | $485.08M | $468.80M | $471.99M | $476.82M | $359.76M | $358.52M | $364.12M | $325.70M |
| Total Liabilities | $2.03B | $1.97B | $1.80B | $1.55B | $1.38B | $1.35B | - | - | - | $545.33M |
| Stockholders' Equity | $342.82M | $355.73M | $364.82M | $360.88M | $344.34M | $358.88M | $394.09M | $382.98M | $377.05M | $378.98M |
| Retained Earnings | ($2.15B) | ($2.14B) | ($2.13B) | ($2.13B) | ($2.15B) | ($2.13B) | ($2.08B) | ($2.09B) | ($2.08B) | ($2.06B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $35.23M | - | - | - | $51.86M | - | - | - | $29.82M | - |
| Investing Cash Flow | ($116.42M) | - | - | - | ($190.58M) | - | - | - | ($54.25M) | - |
| Financing Cash Flow | ($8.04M) | - | - | - | ($11.41M) | - | - | - | $27.11M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 11.7% | - | 13.8% | 9.2% | -14.2% | - | 13.0% | -2.4% | -8.3% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | -24.9% | - | 1.5% | 28.6% | -28.9% | - | 13.7% | -16.0% | -23.4% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 21.2% | - | 15.4% | 14.4% | 19.3% | - | 14.4% | 17.1% | 18.8% | - |
| Effective tax rate | - | - | 50.2% | -10.5% | - | - | 14.8% | - | - | - |
| Return on assets | -0.7% | - | 0.1% | 1.0% | -1.0% | - | 1.1% | -1.0% | -1.4% | - |
| Return on equity | -5.1% | - | 0.3% | 5.3% | -5.0% | - | 2.5% | -2.5% | -3.5% | - |
| Return on invested capital | 0.8% | - | 0.6% | 0.7% | -0.8% | - | 1.1% | -0.2% | -0.5% | - |
| Liquidity | ||||||||||
| Current ratio | 1.60 | 2.42 | 2.53 | 2.81 | 2.27 | 3.16 | 1.09 | 1.04 | 1.00 | 0.81 |
| Quick ratio | 1.56 | 2.37 | 2.46 | 2.72 | 2.19 | 3.09 | 0.99 | 0.95 | 0.90 | 0.73 |
| Cash ratio | 1.41 | 2.18 | 2.19 | 2.38 | 1.87 | 2.76 | 0.44 | 0.47 | 0.44 | 0.32 |
| Leverage | ||||||||||
| Debt / Equity | 1.26 | 1.27 | 1.33 | 1.30 | 1.37 | 1.33 | 0.91 | 0.94 | 0.97 | 0.86 |
| Debt / Assets | 0.18 | 0.19 | 0.22 | 0.25 | 0.27 | 0.28 | 0.39 | 0.39 | 0.40 | 0.35 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 6.94 | 6.54 | 5.93 | 5.29 | 5.02 | 4.77 | 2.33 | 2.42 | 2.43 | 2.44 |
| Liabilities / Assets | 0.86 | 0.85 | 0.83 | 0.81 | 0.80 | 0.79 | - | - | - | 0.59 |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | - | 0.03 | 0.04 | 0.03 | - | 0.08 | 0.07 | 0.06 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 103d | - | 128d | 135d | 139d | - | 217d | 261d | 277d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | 181.2x | - | - | - | - | - | - |
| P / B | 24.9x | - | 12.6x | 8.3x | 7.7x | - | 90.1x | 82.7x | 110.1x | - |
| P / S | 121.7x | - | 62.4x | 44.8x | 43.9x | - | 491.3x | 524.2x | 735.0x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 16.7% | - | 2.1% | 11.2% | 6.3% | - | 25.4% | 9.6% | -3.7% | - |
| Revenue CAGR (3y) | 6.1% | - | 25.2% | 22.2% | 22.4% | - | 30.4% | 25.9% | 28.0% | - |
| Revenue CAGR (5y) | 21.1% | - | 17.7% | 17.2% | 13.3% | - | 13.4% | 14.1% | 13.4% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | 7.7% | - | -80.4% | - | 367.7% | - | - | - |
| Net income growth (YoY) | -0.5% | - | -89.0% | - | -31.3% | - | - | - | -279.2% | - |
| EPS growth (YoY) | 0.0% | - | - | - | -6.7% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -0.4% | -0.9% | -7.4% | -5.8% | -8.7% | -5.3% | 2.8% | 21.4% | 21.7% | 20.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$530.29M totalService$257.31M · 48.5%
Services Wholesale Capacity$172.73M · 32.6%
Services SPOT$37.31M · 7.0%
Commercial Lo T$27.26M · 5.1%
Product$15.68M · 3.0%
Services Duplex$15.24M · 2.9%
Services Other$4.77M · 0.9%
Peer comparison
Same SIC group: Communications Services, NEC
Comparing Globalstar against the 5 most active filers in the same SIC group.