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Globalstar, Inc.

GSAT Nasdaq Communications Services, Nec Financials FY2016–FY2025

Globalstar, Inc. had $273M of revenue in fiscal 2025, up 9.0% on the year before. Over five years, revenue changed +16.3% a year on average.

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Last close Β· Oct 23, 2026

$82.52

0.2%

What Globalstar, Inc. does

GSAT Β· Communications Services, Nec

From its latest annual report

No business description yet.

Filing details

Legal name
Globalstar, Inc.
Fiscal year ends
December 31, 2025
Latest annual report
10-K Β· Feb 27, 2026
Accession Β· CIK
0001366868-26-000012 Β· 0001366868

Earnings calendar Β· Globalstar, Inc.

Every quarter, companies publish how much they sold and earned. These are the days Globalstar, Inc. did it, and the next one. Share prices often move a lot on those days.

Next results

November 5, 2026

Thursday Β· in 10 days

Time
Time not announced
Covers
Period ended Sep 30, 2026
Expected EPS
βˆ’$0.12
Source
Earnings calendar
See who else reports that week β†’
Date Results for Time Source
Aug 6, 2026 Q2 '26 Before the market opens 8-K β†—
May 7, 2026 Q1 '26 After the market closes 8-K β†—
Feb 27, 2026 Q4 '25 Before the market opens 8-K β†—
Nov 6, 2025 Q3 '25 After the market closes 8-K β†—
Aug 7, 2025 Q2 '25 After the market closes 8-K β†—
May 8, 2025 Q1 '25 After the market closes 8-K β†—
Feb 27, 2025 Q4 '24 After the market closes 8-K β†—
Nov 7, 2024 Q3 '24 After the market closes 8-K β†—

From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.

KIRA’s summary AI analyst

Hi! I read Globalstar, Inc.’s latest annual report (fiscal 2025). Here is what stands out:

3 strengths 2 to watch

1.Sales and profit

See section β†’
  • Globalstar, Inc. had $273M of revenue in fiscal 2025, up 9.0% on the year before. Over five years, revenue changed +16.3% a year on average.
  • Its operating margin was 2.7%, up 3.1Β pts: of every 100 in sales, about 3 is left after running the business.
  • Globalstar, Inc. lost $8.7M in fiscal 2025.

2.Cash and shareholders

See section β†’
  • Globalstar, Inc. returned $10.6M to shareholders in fiscal 2025. The diluted share count rose 0.7%.
  • In the last 12 months, insiders bought $29.8M and sold $66.6M of shares on the open market.

3.Financial health

See section β†’
  • Globalstar, Inc. owes $36.3M more than it holds in cash, about 0.4 years of operating profit.
  • Its return on capital was 1.5%: every 100 invested in the business earned about 1 in a year.
  • Globalstar, Inc. passes 4 of 8 financial health tests (Piotroski F-score).

Globalstar, Inc. in 30 seconds

Good So-so Weak

Good

Are sales growing?

+9.0%

Yes. Sales grew 9.0% last year.

Weak

Does it make a profit?

βˆ’3.2%

No. It lost money last year.

Good

Is debt under control?

0.4x

Yes. It could repay its debt with 0.4 years of operating profit.

So-so

How healthy are the accounts?

4 / 8

Mixed. It passes 4 of 8 health tests.

For information

How is the share priced?

β€”

No P/E: it made no profit over the last four quarters.

Rules of thumb on reported numbers. A starting point, not a recommendation.

Key numbers, fiscal 2025

Market cap Last close times the latest diluted share count, so it is approximate.
$10.7B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
β€”
On βˆ’$0.51 EPS (TTM)

Revenue

Total sales reported in the income statement.

KIRA Β· Globalstar, Inc. had $273M of revenue in fiscal 2025, up 9.0% on the year before. Over five years, revenue changed +16.3% a year on average.

See the full section β†’

Operating margin

Operating income as a share of revenue.

KIRA Β· Its operating margin was 2.7%, up 3.1Β pts: of every 100 in sales, about 3 is left after running the business.

See the full section β†’

Net income

Profit after all expenses, interest and tax.

KIRA Β· Globalstar, Inc. lost $8.7M in fiscal 2025.

See the full section β†’

Free cash flow

Cash from operations minus capital spending.

See the full section β†’

Return on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

KIRA Β· Its return on capital was 1.5%: every 100 invested in the business earned about 1 in a year.

See the full section β†’
Charts by

Sales and profit

Is it selling more, and how much does it keep?

Revenue and margins

KIRA Β· Globalstar, Inc. had $273M of revenue in fiscal 2025, up 9.0% on the year before. Over five years, revenue changed +16.3% a year on average. Its operating margin was 2.7%, up 3.1Β pts: of every 100 in sales, about 3 is left after running the business.

In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).

Revenue

Revenue

Margins, % of revenue

Gross Operating Net FCF

Margins, % of revenue

Gross Operating Net FCF

Net income and earnings per share

KIRA Β· Globalstar, Inc. lost $8.7M in fiscal 2025.

Loss periods are shown in red.

In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.

Net income

Net income

Diluted EPS

Diluted EPS

Cash and shareholders

How much cash comes in, and where does it go?

Cash flow

Cash from operations minus capital spending.

In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.

Free cash flow

Cash from operations vs capital spending

Cash from operations Capital spending

Cash from operations vs capital spending

Cash from operations Capital spending

Dividends, buybacks and share count

KIRA Β· Globalstar, Inc. returned $10.6M to shareholders in fiscal 2025. The diluted share count rose 0.7%.

In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).

Dividends and buybacks

Dividends Buybacks

Dividends and buybacks

Dividends Buybacks

Diluted shares outstanding (annual)

Insider trades

KIRA Β· In the last 12 months, insiders bought $29.8M and sold $66.6M of shares on the open market.

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. β€œPlan” marks trades under a pre-arranged Rule 10b5-1 plan.

In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.

Bought, 12 months

$29.8M

1 insider

Sold, 12 months

$66.6M

6 insiders

Of sales under plans

2%

$1.2M

DateInsiderTradeSharesPriceValueFiling
Sep 21, 2026 L Barbee Ponder IVGeneral Counsel Sold 1,692 $82.96 $0.1M Form 4
Sep 18, 2026 James F LynchDirector Sold 361,600 $82.52 $29.8M Form 4
Sep 18, 2026 James Monroe IIIDirector, 10% owner Bought 361,600 $82.52 $29.8M Form 4
Aug 27, 2026 Benjamin G WolffDirector Sold 19,998 $81.98 $1.6M Form 4
Aug 26, 2026 James F LynchDirector Sold 110,000 $81.78 $9.0M Form 4
Aug 21, 2026 Benjamin G WolffDirector Sold 19,998 $82.21 $1.6M Form 4
Aug 14, 2026 Rebecca ClaryVP & Chief Financial Officer Sold 24,100 $82.17 $2.0M Form 4
Aug 13, 2026 Timothy Evan TaylorVP, Finance & Operations, Director Sold 75,000 $82.82 $6.2M Form 4
Aug 12, 2026 Benjamin G WolffDirector Sold 32,711 $83.19 $2.7M Form 4
Aug 12, 2026 Timothy Evan TaylorVP, Finance & Operations, Director Sold 75,000 $83.15 $6.2M Form 4
Aug 11, 2026 Benjamin G WolffDirector Sold 24,000 $83.54 $2.0M Form 4
Aug 11, 2026 L Barbee Ponder IVGeneral Counsel Sold 4,720 $83.52 $0.4M Form 4
Aug 7, 2026 L Barbee Ponder IVGeneral Counsel Sold 12,045 $83.21 $1.0M Form 4
Jun 4, 2026 Rebecca ClaryVP & Chief Financial Officer Sold plan 920 $81.75 $0.1M Form 4
Apr 28, 2026 Rebecca ClaryVP & Chief Financial Officer Sold 4,066 $81.24 $0.3M Form 4
Apr 15, 2026 Rebecca ClaryVP & Chief Financial Officer Sold 4,037 $79.85 $0.3M Form 4
Mar 19, 2026 Paul E JacobsChief Executive Officer, Director Sold 714 $59.56 $0.0M Form 4
Mar 11, 2026 L Barbee Ponder IVGeneral Counsel Sold 682 $57.31 $0.0M Form 4
Mar 11, 2026 Paul E JacobsChief Executive Officer, Director Sold 1,153 $57.31 $0.1M Form 4
Mar 11, 2026 Rebecca ClaryVP & Chief Financial Officer Sold 762 $57.31 $0.0M Form 4
Mar 10, 2026 L Barbee Ponder IVGeneral Counsel Sold 492 $55.38 $0.0M Form 4
Mar 10, 2026 Rebecca ClaryVP & Chief Financial Officer Sold 351 $55.38 $0.0M Form 4
Mar 3, 2026 Rebecca ClaryVP & Chief Financial Officer Sold plan 1,210 $61.10 $0.1M Form 4
Jan 7, 2026 Paul E JacobsChief Executive Officer, Director Sold 845 $65.80 $0.1M Form 4
Dec 29, 2025 L Barbee Ponder IVGeneral Counsel Sold 1,260 $61.42 $0.1M Form 4
Dec 29, 2025 Rebecca ClaryVP & Chief Financial Officer Sold 1,260 $61.42 $0.1M Form 4
Dec 22, 2025 Rebecca ClaryVP & Chief Financial Officer Sold 420 $63.01 $0.0M Form 4
Dec 22, 2025 L Barbee Ponder IVGeneral Counsel Sold 420 $63.01 $0.0M Form 4
Dec 17, 2025 Rebecca ClaryVP & Chief Financial Officer Sold 4,829 $56.64 $0.3M Form 4
Dec 8, 2025 Rebecca ClaryVP & Chief Financial Officer Sold 1,221 $67.88 $0.1M Form 4
Dec 8, 2025 L Barbee Ponder IVGeneral Counsel Sold 1,221 $67.88 $0.1M Form 4
Dec 1, 2025 Rebecca ClaryVP & Chief Financial Officer Sold 4,380 $59.92 $0.3M Form 4
Nov 17, 2025 Rebecca ClaryVP & Chief Financial Officer Sold plan 16,316 $58.32 $1.0M Form 4
Nov 17, 2025 L Barbee Ponder IVGeneral Counsel Sold 9,790 $58.32 $0.6M Form 4
Nov 14, 2025 Rebecca ClaryVP & Chief Financial Officer Sold plan 1,188 $60.84 $0.1M Form 4
Nov 12, 2025 Rebecca ClaryVP & Chief Financial Officer Sold 56 $61.34 $0.0M Form 4
Nov 12, 2025 L Barbee Ponder IVGeneral Counsel Sold 56 $61.34 $0.0M Form 4
Nov 6, 2025 Rebecca ClaryVP & Chief Financial Officer Sold 4,572 $48.31 $0.2M Form 4
Oct 16, 2025 Rebecca ClaryVP & Chief Financial Officer Sold 4,333 $44.43 $0.2M Form 4

Financial health

Can it carry its debts, and how well does it use its money?

Balance sheet

KIRA Β· Globalstar, Inc. owes $36.3M more than it holds in cash, about 0.4 years of operating profit.

Cash, debt and the ratios that show how comfortably Globalstar, Inc. can carry it.

In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.

Cash vs debt (incl. leases)

Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $14.3M$32.1M$56.7M$391M$447M
Debt incl. finance leases $238M$192M$360M$512M$484M
Net debt / EBITDA 7.3xβ€”3.4x1.4x0.4x
Debt / equity 0.7x0.6x1.0x1.4x1.4x
Current ratio 1.1x0.4x0.8x3.2x2.4x
Quick ratio 0.9x0.4x0.7x3.1x2.4x
Total assets $814M$738M$924M$1.7B$2.3B
Total liabilities $449M$424M$545M$1.4B$2.0B
Shareholders' equity $365M$315M$379M$359M$356M
Net debt (βˆ’ = net cash) $224M$160M$304M$120M$36.3M

Returns on capital

KIRA Β· Its return on capital was 1.5%: every 100 invested in the business earned about 1 in a year.

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.

Return on capital, equity and assets (annual)

Return on capital Return on equity Return on assets

Piotroski F-score

KIRA Β· Globalstar, Inc. passes 4 of 8 financial health tests (Piotroski F-score).

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.

TestFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Net income is positive βœ• βœ• βœ• βœ“ βœ• βœ• βœ• βœ• βœ• βœ•
Cash from operations is positive βœ“ βœ“ βœ“ βœ“ βœ“ βœ“ βœ“ βœ“ βœ“ βœ“
Return on assets rose β€” βœ“ βœ“ βœ“ βœ• βœ• βœ• βœ“ βœ• βœ“
Cash from operations exceeds net income βœ“ βœ“ βœ“ βœ• βœ“ βœ“ βœ“ βœ“ βœ“ βœ“
Debt fell relative to assets β€” βœ“ βœ“ βœ• βœ“ βœ“ βœ“ βœ• βœ“ βœ“
Current ratio rose β€” βœ“ βœ• βœ“ βœ• βœ“ βœ• βœ“ βœ“ βœ•
Share count didn't rise β€” βœ• βœ• βœ• βœ“ βœ• βœ“ βœ• βœ• βœ•
Gross margin rose β€” βœ“ β€” β€” β€” β€” β€” β€” β€” β€”
Revenue rose relative to assets β€” βœ“ βœ“ βœ“ βœ“ βœ“ βœ“ βœ“ βœ• βœ•
F-score β€” / 37 / 95 / 85 / 85 / 85 / 85 / 85 / 84 / 84 / 8
Accruals ratio βˆ’12.5%βˆ’9.1%βˆ’1.1%1.2%βˆ’14.2%βˆ’28.7%βˆ’41.3%βˆ’11.9%βˆ’38.1%βˆ’31.2%
Altman Z'' βˆ’5.24βˆ’4.72βˆ’4.90βˆ’4.94βˆ’5.96βˆ’6.77βˆ’11.27βˆ’6.79βˆ’2.61βˆ’1.96

All figures

Every number, year by year.

10 years of figures

Amounts in USD. Hover a ratio’s name for its definition.

In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $96.9M $113M $130M $132M $128M $124M $149M $224M $250M $273M
Gross profit $87.0M $103M β€” β€” β€” β€” β€” β€” β€” β€”
Research and development $2.1M $3.8M $2.7M $3.2M $1.9M $1.0M $0.5M $1.4M $6.5M $6.1M
Operating income βˆ’$63.3M βˆ’$68.4M βˆ’$47.4M βˆ’$64.0M βˆ’$59.2M βˆ’$65.5M βˆ’$221M βˆ’$0.2M βˆ’$0.9M $7.4M
Pretax income βˆ’$139M βˆ’$88.9M βˆ’$6.4M $15.9M βˆ’$109M βˆ’$113M βˆ’$257M βˆ’$23.6M βˆ’$61.0M βˆ’$2.8M
Income tax βˆ’$6.5M $0.2M $0.1M $0.5M $0.7M βˆ’$0.3M $0.1M $1.1M $2.1M $5.9M
Net income βˆ’$133M βˆ’$89.1M βˆ’$6.5M $15.3M βˆ’$110M βˆ’$113M βˆ’$257M βˆ’$24.7M βˆ’$63.2M βˆ’$8.7M
Net income to common βˆ’$133M βˆ’$89.1M βˆ’$6.5M βˆ’$111M βˆ’$110M βˆ’$113M βˆ’$258M βˆ’$35.3M βˆ’$73.8M βˆ’$19.3M
Diluted EPS βˆ’$0.12 βˆ’$0.08 βˆ’$0.01 βˆ’$0.07 βˆ’$0.07 βˆ’$0.06 βˆ’$2.15 βˆ’$0.29 βˆ’$0.59 βˆ’$0.15
Diluted shares 1.06B 1.17B 1.27B 1.66B 1.64B 1.77B 0.12B 0.12B 0.13B 0.13B
Cash flow
Cash from operations $8.8M $13.9M $5.9M $3.0M $22.2M $132M $63.8M $74.3M $439M $622M
Capital expenditure $9.4M $5.5M $7.3M $4.6M β€” β€” β€” β€” β€” β€”
Free cash flow βˆ’$0.6M $8.3M βˆ’$1.4M βˆ’$1.5M β€” β€” β€” β€” β€” β€”
Depreciation and amortization $77.4M $77.5M $90.4M $95.8M $96.8M $96.2M $93.9M $88.2M $89.0M $87.4M
Stock-based compensation $4.9M $5.1M $7.0M $5.7M $5.9M $6.7M $10.8M $22.5M $35.5M $23.4M
Dividends paid β€” β€” β€” β€” β€” $0.0M $0.0M $11.9M $10.6M $10.6M
Dividends and buybacks β€” β€” β€” β€” β€” $0.0M $0.0M $11.9M $10.6M $10.6M
Balance sheet
Cash and short-term investments $10.2M $41.6M $15.2M $7.6M $13.3M $14.3M $32.1M $56.7M $391M $447M
Total debt $576M $514M $463M $464M $385M $238M $192M $360M $511M $484M
Finance lease liabilities β€” β€” β€” $0.1M $0.0M $0.0M $0.1M $0.1M $0.1M β€”
Current assets $38.1M $136M $123M $63.3M $68.5M $68.9M $81.2M $143M $448M $497M
Current liabilities $172M $160M $160M $63.1M $114M $61.6M $197M $176M $141M $205M
Inventory $8.1M $7.3M $14.3M $16.3M $13.7M $13.8M $9.3M $14.6M $10.7M $9.6M
Property and equipment, net $1.0B $971M $883M $800M $716M $672M $560M $624M $674M $1.3B
Goodwill β€” β€” β€” β€” β€” β€” β€” $30.6M $30.6M $30.6M
Intangible assets $1.3M $2.0M $25.1M $25.2M $27.5M $31.0M $30.4M $60.7M $85.2M $92.3M
Total assets $1.1B $1.1B $1.0B $966M $888M $814M $738M $924M $1.7B $2.3B
Total liabilities $971M $838M $687M $558M $465M $449M $424M $545M $1.4B $2.0B
Preferred stock $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M β€” β€”
Shareholders' equity $162M $291M $359M $407M $423M $365M $315M $379M $359M $356M
Margins
Gross margin 89.8% 91.2% β€” β€” β€” β€” β€” β€” β€” β€”
Operating margin βˆ’65.3% βˆ’60.8% βˆ’36.4% βˆ’48.6% βˆ’46.0% βˆ’52.7% βˆ’148.8% βˆ’0.1% βˆ’0.4% 2.7%
EBITDA margin 14.6% 8.0% 33.1% 24.1% 29.3% 24.7% βˆ’85.6% 39.3% 35.2% 34.7%
Net margin βˆ’136.9% βˆ’79.1% βˆ’5.0% 11.6% βˆ’85.3% βˆ’90.6% βˆ’173.0% βˆ’11.0% βˆ’25.2% βˆ’3.2%
FCF margin βˆ’0.6% 7.4% βˆ’1.1% βˆ’1.2% β€” β€” β€” β€” β€” β€”
Returns
Return on capital βˆ’6.9% βˆ’7.1% βˆ’4.6% βˆ’7.2% βˆ’5.9% βˆ’8.8% βˆ’36.8% βˆ’0.0% βˆ’0.2% 1.5%
Return on capital employed βˆ’6.6% βˆ’7.1% βˆ’5.3% βˆ’7.1% βˆ’7.6% βˆ’8.7% βˆ’40.8% βˆ’0.0% βˆ’0.1% 0.4%
Return on equity βˆ’82.0% βˆ’39.3% βˆ’2.0% 4.0% βˆ’26.4% βˆ’28.6% βˆ’75.5% βˆ’7.1% βˆ’17.1% βˆ’2.4%
Return on assets βˆ’11.7% βˆ’7.9% βˆ’0.6% 1.5% βˆ’11.8% βˆ’13.2% βˆ’33.1% βˆ’3.0% βˆ’4.8% βˆ’0.4%
Return on tangible equity βˆ’82.6% βˆ’30.8% βˆ’2.0% βˆ’29.0% βˆ’27.7% βˆ’33.7% βˆ’90.8% βˆ’12.3% βˆ’30.4% βˆ’8.3%
Growth
Revenue growth β€” 16.3% 15.5% 1.2% βˆ’2.5% βˆ’3.3% 19.5% 50.7% 11.9% 9.0%
Net income growth β€” β€” β€” β€” βˆ’815.5% β€” β€” β€” β€” β€”
FCF growth β€” β€” βˆ’117.2% β€” β€” β€” β€” β€” β€” β€”
Share count change β€” 9.6% 8.8% 30.4% βˆ’0.8% 7.5% βˆ’93.2% 1.9% 2.9% 0.7%
Financial health
Net debt / EBITDA 40.0x 52.2x 10.4x 14.4x 9.9x 7.3x β€” 3.4x 1.4x 0.4x
Debt / equity 3.6x 1.8x 1.3x 1.1x 0.9x 0.7x 0.6x 1.0x 1.4x 1.4x
Current ratio 0.2x 0.9x 0.8x 1.0x 0.6x 1.1x 0.4x 0.8x 3.2x 2.4x
Quick ratio 0.2x 0.8x 0.7x 0.7x 0.5x 0.9x 0.4x 0.7x 3.1x 2.4x
Capital allocation
Capex / revenue 9.7% 4.9% 5.6% 3.5% β€” β€” β€” β€” β€” β€”
Stock comp / revenue 5.0% 4.5% 5.4% 4.3% 4.6% 5.4% 7.2% 10.0% 14.2% 8.6%
Quality scores
Piotroski F-score β€” 7.0 5.0 5.0 5.0 5.0 5.0 5.0 4.0 4.0
Altman Z'' βˆ’5.2 βˆ’4.7 βˆ’4.9 βˆ’4.9 βˆ’6.0 βˆ’6.8 βˆ’11.3 βˆ’6.8 βˆ’2.6 βˆ’2.0
Accruals ratio βˆ’12.5% βˆ’9.1% βˆ’1.1% 1.2% βˆ’14.2% βˆ’28.7% βˆ’41.3% βˆ’11.9% βˆ’38.1% βˆ’31.2%

Source: SEC EDGAR XBRL filings (CIK 0001366868). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β€” not investment advice. Check the original filings before relying on any figure.

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