Globalstar, Inc. (GSAT)

Globalstar Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	253.9	250.35	223.81	148.5	124.3	128.49
Revenue Growth (YoY)	14.55%	11.86%	50.71%	19.48%	-3.26%	-2.45%
Cost of Revenue	84.53	82.77	69.47	65.02	51.96	48.68
Gross Profit	169.37	167.58	154.34	83.48	72.33	79.81
Selling, General & Admin	44.38	43.43	43.46	33.35	34.63	43.84
Operating Expenses	166.82	167.97	154.14	137.99	137.6	140.66
Operating Income	2.55	-0.39	0.2	-54.5	-65.26	-60.85
Interest Expense	-17.72	-13.56	-14.61	-30.17	-43.54	-48.43
Currency Exchange Gain (Loss)	-8.66	-16.61	4.86	-6.59	-6.31	-0.73
Other Non Operating Income (Expenses)	-2.1	-2.53	-3.28	-1.84	-0.68	3.52
EBT Excluding Unusual Items	-25.93	-33.1	-12.83	-93.11	-115.78	-106.49
Asset Writedown	-7.29	-0.56	-0.36	-166.53	-0.24	-0.42
Other Unusual Items	-27.38	-27.38	-10.4	2.79	3.1	-2.08
Pretax Income	-60.59	-61.03	-23.6	-256.84	-112.92	-108.98
Income Tax Expense	6.71	2.14	1.12	0.07	-0.3	0.66
Net Income	-67.3	-63.16	-24.72	-256.92	-112.63	-109.64
Preferred Dividends & Other Adjustments	10.61	10.63	10.61	1.34	-	-
Net Income to Common	-77.9	-73.8	-35.32	-258.25	-112.63	-109.64
Shares Outstanding (Basic)	126	126	122	120	118	109
Shares Outstanding (Diluted)	126	126	122	120	118	109
Shares Change (YoY)	2.11%	2.90%	1.90%	2.02%	7.48%	-0.78%
EPS (Basic)	-0.62	-0.59	-0.29	-2.15	-0.96	-1.00
EPS (Diluted)	-0.62	-0.59	-0.29	-2.15	-0.96	-1.05
Free Cash Flow	71.69	185.39	-100.17	24.49	88.14	9.74
Free Cash Flow Per Share	0.57	1.47	-0.82	0.20	0.75	0.09
Gross Margin	66.71%	66.94%	68.96%	56.22%	58.19%	62.11%
Operating Margin	1.00%	-0.16%	0.09%	-36.70%	-52.50%	-47.36%
Profit Margin	-30.68%	-29.48%	-15.78%	-173.90%	-90.61%	-85.33%
Free Cash Flow Margin	28.24%	74.05%	-44.76%	16.49%	70.91%	7.58%
EBITDA	91.72	88.59	88.39	39.38	30.98	35.97
EBITDA Margin	36.12%	35.39%	39.49%	26.52%	24.92%	27.99%
D&A For EBITDA	89.17	88.99	88.19	93.88	96.24	96.82
EBIT	2.55	-0.39	0.2	-54.5	-65.26	-60.85
EBIT Margin	1.00%	-0.16%	0.09%	-36.70%	-52.50%	-47.36%
Revenue as Reported	253.9	250.35	223.81	148.5	124.3	128.49
Advertising Expenses	-	3	2.8	2	2.3	2.5

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q