Saturday 17 October 2026 Export GSAT’s income statement to Excel — free account

Globalstar, Inc.

GSAT Communication Services Telecom Services

Globalstar, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $273.0 million, up 9.04% from fiscal 2024. In the quarter to June 2026, revenue fell 3.54%, EPS fell 276.9%, free cash flow fell 20.5% and total debt fell 27.0%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

82.36 0.61 −0.74%

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Market cap: $10.8B
P/E: 0.0×
Fwd P/E: −214×
Dividend yield: —
F-score: 4/9
Altman Z: 1.35
Beneish M: −3.89
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 29.84

Total sells 66.64

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	1	—
Sell	5	8	1	—	7	2	—	1	—	8	2	—

Insider Ownership 59.11%

Capital & Financial Ratios $m

Market Cap 10,750.00

Revenue 280.64

Net Income (51.88)

Free Cash Flow 566.72

Net Debt (50.98)

Current Ratio 1.55

Debt/Equity 1.23

P/E ratio 0.00

Fwd P/E (214.00)

P/S ratio 37.89

P/B ratio 36.34

Past 5Y EPS Growth —

This Y EPS Growth (198.17%)

Next Y EPS Growth 83.29%

Next Y revenue growth 6.01%

Next 5Y EPS Growth 30.85%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 98.53%

10-year low 10-year high

P/B against its own 10 years 98.71%

10-year low 10-year high

EV/Sales against its own 10 years 98.08%

10-year low 10-year high

EV/FCF against its own 10 years 24.47%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	57	391	447	410
Receivables	49	27	20	21
Inventory	15	11	10	11
Other	—	—	—	—
	143	448	497	463

	2023	2024	2025	Q'26
Payables	29	30	56	121
ST’ Debt	35	35	32	51
Other	—	—	—	—
	176	141	205	300

Compound Annual Growth %

	10y	5y	3y
Sales	11.67%	16.27%	22.50%
Cash Flow	76.14%	94.71%	113.59%
Earnings	0.00%	0.00%	0.00%
Book Value	4.14%	(3.41%)	4.16%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	70	65	—	—	—
’25	60	67	74	72	273
’24	56	60	72	61	250
’23	59	55	58	52	224
’22	33	37	38	41	149
’21	27	30	33	34	124
’20	32	30	33	33	128

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	35	125	—	—	—
’25	52	158	236	176	622
’24	30	37	32	341	439
’23	23	20	26	6	74
’22	8	13	11	32	64
’21	5	51	51	25	132
’20	5	4	15	(1)	22

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	34	123	—	—	—
’25	51	155	235	174	616
’24	30	36	31	336	432
’23	20	20	26	(2)	66
’22	6	11	5	25	56
’21	3	50	49	22	124
’20	3	2	13	(4)	15

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.16)	(0.23)	—	—	—
’25	(0.16)	0.13	(0.01)	(0.11)	(0.15)
’24	(0.15)	(0.15)	0.00	(0.42)	(0.59)
’23	0.00	0.00	0.00	(0.15)	(0.30)
’22	(0.15)	(0.22)	(1.65)	(0.04)	(2.10)
’21	(0.30)	(0.15)	(0.30)	(0.19)	(0.90)
’20	(0.30)	(0.22)	(0.22)	(0.15)	(1.05)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	9.45	16.65	4.35	5.10	3.45	4.95	13.50	12.75	15.00	17.24	Analyst estimates 2026–2028 Powerpack
	High	45.00	38.85	20.25	10.95	9.00	44.70	44.70	29.70	41.10	74.88
People
People	Employees	344	333	353	336	346	329	332	348	389	477
	Revenue/emp, $m	0.28	0.34	0.37	0.39	0.37	0.38	0.45	0.64	0.64	0.57
Income, $m
Income, $m	Revenue	97	113	130	132	128	124	149	224	250	273
	Gross margin, %	56.83	57.56	59.97	59.28	62.11	58.19	56.22	68.96	66.94	64.80
	EBT	(139)	(89)	(6)	16	(109)	(113)	(257)	(24)	(61)	(3)
	EBT margin, %	(143.70)	(78.90)	(4.91)	12.05	(84.82)	(90.85)	(172.95)	(10.54)	(24.38)	(1.02)
	Net income	(133)	(89)	(7)	15	(110)	(113)	(257)	(25)	(63)	(9)
	Depreciation	87	86	99	112	101	96	94	88	89	87
Per share, $
Per share, $	Revenue	1.36	1.45	1.54	1.36	1.17	1.06	1.24	1.83	1.99	2.15
	Earnings	(1.80)	(1.20)	(0.08)	0.15	(1.05)	(0.90)	(2.10)	(0.30)	(0.59)	(0.15)
	Cash flow	0.12	0.18	0.07	0.03	0.20	1.12	0.53	0.61	3.49	4.90
	Capex	(0.16)	(0.11)	(0.12)	(0.08)	(0.07)	(0.07)	(0.06)	(0.07)	(0.05)	(0.04)
	Free cash flow	(0.04)	0.06	(0.05)	(0.05)	0.14	1.05	0.47	0.54	3.44	4.86
	Book value	2.28	3.74	4.24	4.21	3.86	3.10	2.62	3.10	2.85	2.81
	Shares, m	71	78	85	97	110	118	120	122	126	127
Valuation, ×
Valuation, ×	P/E	0.00	0.00	405.06	59.05	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	19.46	13.26	6.25	5.73	4.35	16.48	15.76	15.33	15.61	28.34
	P/B	11.65	5.13	2.26	1.85	1.32	5.61	7.44	9.05	10.89	21.75
	EV/Sales	25.30	16.89	9.23	9.20	7.22	18.30	16.86	16.69	16.09	28.48
	EV/FCF	(954.46)	381.20	(269.92)	(237.68)	61.83	18.33	53.22	73.97	9.83	13.10
Cash, $m
Cash, $m	Operating cash flow	9	14	6	3	22	132	64	74	439	622
	Capex	(11)	(9)	(10)	(8)	(7)	(8)	(8)	(8)	(7)	(6)
	Free cash flow	(3)	5	(4)	(5)	15	124	56	66	432	616
Balance, $m
Balance, $m	Working capital	(134)	(24)	(37)	0	(46)	7	(116)	(33)	306	291
	Total debt	576	514	463	466	385	241	195	360	511	484
	Net debt	566	409	388	458	368	227	163	304	120	36
	Shareholders’ equity	162	291	359	407	423	365	315	379	359	356
Returns, %
Returns, %	ROA	(11.50)	(7.88)	(0.60)	1.52	(11.83)	(13.23)	(33.27)	(4.25)	(5.60)	(0.95)
	ROIC	(5.43)	(6.11)	(3.96)	(4.63)	(4.67)	(6.91)	(28.91)	(0.02)	(0.12)	1.18
	ROE	(66.50)	(39.32)	(2.00)	4.00	(26.41)	(28.57)	(75.93)	(10.18)	(20.00)	(5.39)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VIV Telefonica Brasil S.A.	$19.6B	25.1×	13.4×	+20.64% (above 0%: growing)	+33.01% (above 0%: growing)	+3.07% (above 0%: growing)	45.54%	16.48%	Compare
CHTR Charter Communications, Inc.	$19.4B	2.8×	3.2×	−1.74% (below 0%: shrinking)	+14.35% (above 0%: growing)	+45.18% (above 0%: growing)	39.27%	22.65%	Compare
TIGO Millicom International Cellular SA	$13.8B	20.8×	23.8×	+59.40% (above 0%: growing)	−83.95% (below 0%: shrinking)	+66.11% (above 0%: growing)	75.26%	21.20%	Compare
TLK PT Telekomunikasi Indonesia, Tbk	$12.6B	8.1×	—	−8.61% (below 0%: shrinking)	+5,809.09% (above 0%: growing)	+3.00% (above 0%: growing)	100.00%	24.01%	Compare
SKM SK Telecom Co., Ltd.	$12.5B	25.5×	—	+0.47% (above 0%: growing)	+406.25% (above 0%: growing)	−29.63% (below 0%: shrinking)	89.10%	12.99%	Compare
GSAT Globalstar, Inc.	$10.8B	— (loss-making)	— (loss-making)	−3.54% (below 0%: shrinking)	n/m	−20.48% (below 0%: shrinking)	58.32%	(7.37%)
KT KT Corporation	$8.9B	9.9×	—	−10.06% (below 0%: shrinking)	−39.60% (below 0%: shrinking)	−46.85% (below 0%: shrinking)	9.71%	9.71%	Compare
TIMB TIM S.A. Sponsored ADR	$8.8B	11.0×	13.4×	+18.33% (above 0%: growing)	+14.29% (above 0%: growing)	+17.75% (above 0%: growing)	55.35%	24.42%	Compare
LBTYB Liberty Global Ltd	$7.1B	— (loss-making)	—	−7.65% (below 0%: shrinking)	n/m	+429.69% (above 0%: growing)	50.62%	0.26%	Compare
Median of peers	$12.5B	11.0×	13.4×	−0.63%	+14.35%	+10.41%	52.98%	18.84%

All 55 Telecom Services stocks →

Globalstar, Inc. (GSAT) key facts

Strength: Globalstar, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $273.0 million, up 9.04% from fiscal 2024.
Globalstar, Inc. (GSAT) is a Telecom Services company in the Communication Services sector, listed on Nasdaq.
As of October 16, 2026, GSAT traded at $82.36, a market capitalization of $10.8 billion.
Return on equity was −5.39% and debt-to-equity 1.23.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.35 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.