Globalstar, Inc. (GSAT)

Globalstar Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	280.64	272.99	250.35	223.81	148.5	124.3
Revenue Growth	7.66%	9.04%	11.86%	50.71%	19.48%	-3.26%
Gross Profit Gross Profit Growth	174.69	174.2	167.58	154.34	83.48	72.33
Operating Income Operating Income Growth	13.43	10.76	-0.39	0.2	-54.5	-65.26
Net Income Net Income Growth	-62.49	-19.26	-73.8	-35.32	-258.25	-112.63
Earnings Per Share EPS Growth	-0.49	-0.15	-0.59	-0.29	-2.15	-0.96
EPS Growth	-	-	-	-	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Wholesale Capacity Services Wholesale Capacity Services Growth	180.02	172.73	145.3	109.07	34.91	8.95
Government and Other Services Government and Other Services Growth	5.74	4.77	4.85	2.15	2.75	2.33
Commercial IoT - Subscriber Services Commercial IoT - Subscriber Services Growth	28.59	27.26	26.25	22.87	19.52	17.95
SPOT - Subscriber Services SPOT - Subscriber Services Growth	35.98	37.31	41.14	44.18	45.67	46.04
Duplex - Subscriber Services Duplex - Subscriber Services Growth	13.4	15.24	20.16	25.93	29.22	31.2
Subscriber Equipment Sales Subscriber Equipment Sales Growth	16.92	15.68	12.66	19.61	16.44	17.83
Revenue (Total) Revenue (Total) Growth	280.64	272.99	250.35	223.81	148.5	124.3

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	409.77	447.47	391.16	56.74	32.08	14.3
Total Debt Total Debt Growth	419.15	546.34	541.93	392.55	222.07	269.67
Net Cash (Debt) Net Cash Growth	-9.38	-98.86	-150.77	-335.8	-189.99	-255.37
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-0.07	-0.78	-1.20	-2.74	-1.58	-2.17

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	571.68	621.65	439.19	74.34	63.8	131.88
Capital Expenditures CapEx Growth	-481.96	-544.86	-253.8	-174.52	-39.31	-43.74
Free Cash Flow Free Cash Flow Growth	89.72	76.79	185.39	-100.17	24.49	88.14
Free Cash Flow Growth	-33.10%	-58.58%	-	-	-72.21%	804.86%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	62.25%	63.81%	66.94%	68.96%	56.22%	58.19%
Operating Margin	4.79%	3.94%	-0.16%	0.09%	-36.70%	-52.50%
Pretax Margin	-15.41%	-1.02%	-24.38%	-10.54%	-172.95%	-90.85%
Profit Margin	-22.27%	-7.05%	-29.48%	-15.78%	-173.90%	-90.61%
FCF Margin	31.97%	28.13%	74.05%	-44.76%	16.49%	70.91%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 16, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Forward PE	-	231.01	192.72	192.72	192.72	192.72
P/FCF Ratio	118.98	100.82	21.15	-	97.78	23.60
PS Ratio	38.04	28.36	15.66	16.26	16.13	16.74

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Aug 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Aug 12, 2026

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