Globalstar Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	262.2	250.35	223.81	148.5	124.3	128.49
Revenue Growth (YoY)	8.54%	11.86%	50.71%	19.48%	-3.26%	-2.45%
Cost of Revenue	90.64	82.77	69.47	65.02	51.96	48.68
Gross Profit	171.57	167.58	154.34	83.48	72.33	79.81
Selling, General & Admin	44.62	43.43	43.46	33.35	34.63	43.84
Operating Expenses	160.84	167.97	154.14	137.99	137.6	140.66
Operating Income	10.73	-0.39	0.2	-54.5	-65.26	-60.85
Interest Expense	-29.66	-13.56	-14.61	-30.17	-43.54	-48.43
Currency Exchange Gain (Loss)	2.29	-16.61	4.86	-6.59	-6.31	-0.73
Other Non Operating Income (Expenses)	8.01	-2.53	-3.28	-1.84	-0.68	3.52
EBT Excluding Unusual Items	-8.64	-33.1	-12.83	-93.11	-115.78	-106.49
Asset Writedown	-7.17	-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	-43.19	-61.03	-23.6	-256.84	-112.92	-108.98
Income Tax Expense	4.06	2.14	1.12	0.07	-0.3	0.66
Net Income	-47.25	-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	-57.86	-73.8	-35.32	-258.25	-112.63	-109.64
Shares Outstanding (Basic)	127	126	122	120	118	109
Shares Outstanding (Diluted)	127	126	122	120	118	109
Shares Change (YoY)	0.70%	2.90%	1.90%	2.02%	7.48%	-0.78%
EPS (Basic)	-0.46	-0.59	-0.29	-2.15	-0.96	-1.00
EPS (Diluted)	-0.46	-0.59	-0.29	-2.15	-0.96	-1.05
Free Cash Flow	156.72	185.39	-100.17	24.49	88.14	9.74
Free Cash Flow Per Share	1.24	1.47	-0.82	0.20	0.75	0.09
Gross Margin	65.43%	66.94%	68.96%	56.22%	58.19%	62.11%
Operating Margin	4.09%	-0.16%	0.09%	-36.70%	-52.50%	-47.36%
Profit Margin	-22.07%	-29.48%	-15.78%	-173.90%	-90.61%	-85.33%
Free Cash Flow Margin	59.77%	74.05%	-44.76%	16.49%	70.91%	7.58%
EBITDA	100.24	88.59	88.39	39.38	30.98	35.97
EBITDA Margin	38.23%	35.39%	39.49%	26.52%	24.92%	27.99%
D&A For EBITDA	89.51	88.99	88.19	93.88	96.24	96.82
EBIT	10.73	-0.39	0.2	-54.5	-65.26	-60.85
EBIT Margin	4.09%	-0.16%	0.09%	-36.70%	-52.50%	-47.36%
Revenue as Reported	262.2	250.35	223.81	148.5	124.3	128.49
Advertising Expenses	-	3	2.8	2	2.3	2.5

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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