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Globalstar

GSAT

Globalstar is a leading provider of mobile satellite services (MSS) and terrestrial spectrum solutions, operating a global constellation of Low Earth Orbit (LEO) satellites.

Market cap
$10.18B+240%
Revenue$283.0M+11.5%
Net income-$8.7M+87.0%
Free cash flow$599.1M+31.6%
EPS (diluted)-$0.15+75.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$72.0M
EPS estimate-$0.09

Financials

Q1 2026

Income statement

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Revenue$70.1M+16.7%
Operating income$8.2M+196%
Net income-$17.4M-0.5%
EPS (diluted)-$0.160.0%

Balance sheet

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Cash & equivalents$358.4M+48.5%
Total debt$537.8M+0.2%
Total equity$342.8M-0.4%
Total assets$2.4B+37.5%

Cash flow

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Operating cash flow$35.2M-32.1%
CapEx$1.5M+30.6%
Free cash flow$33.7M-33.5%

Valuation & ratios

Valuation

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Market cap$10.18B+240%
Enterprise value$10.36B+206%
P/S36×+23.9×

Profitability

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Operating margin8.6%+7.3pp
Net margin-3.1%-1.4pp
FCF margin211.7%+32.4pp

Returns & leverage

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Return on equity-2.5%-1.2pp
Debt / equity1.6×0.0×
Current ratio1.6×-0.7×

Segments

By product

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Wholesale capacity services$46.3M+26.0%
SPOT$8.7M-7.6%
Commercial IoT$7.5M
Duplex$2.6M-25.4%
Government and other services$1.8M+83.6%

Competitors

Profile

Globalstar is a leading provider of mobile satellite services (MSS) and terrestrial spectrum solutions, operating a global constellation of Low Earth Orbit (LEO) satellites. The company delivers critical voice and data connectivity to areas underserved by traditional terrestrial networks, supporting emergency services, industrial monitoring, and consumer safety. Its value proposition centers on providing reliable, cost-effective satellite communication and leveraging its licensed 2.4 GHz spectrum for advanced terrestrial wireless applications.

Competitive position

Globalstar maintains a unique position as a vertically integrated MSS provider with a significant majority of revenue derived from a major wholesale partnership. It differentiates itself through its proprietary LEO constellation and a valuable portfolio of globally harmonized S-band terrestrial spectrum.

GeographiesGlobal, United States, Canada, Europe, Brazil
Customer segmentsEnterprise, Government, Consumer, Wholesale
Business modelSubscription-based services, Wholesale capacity leasing, Hardware sales, Intellectual property licensing
SuppliersSatellite manufacturers, Launch service providers, Ground station hardware vendors, Semiconductor suppliers
CustomersConsumer electronics manufacturers, Value-added resellers (VARs), Big-box retailers, Industrial asset managers, Governmental defense and emergency agencies
Listed2006
Employees348.0
CEOPaul E. Jacobs
FilingsSEC EDGAR

Questions, answered.

What is Globalstar's market cap?
Globalstar (GSAT) has a market capitalization of $10.2B and trades on AMEX.
What is Globalstar's revenue and profitability?
Globalstar generated $283.0M in trailing twelve-month revenue with a net loss of $8.7M, representing a net margin of -3.1%. Gross margin stands at 91.4%, with free cash flow of $599.1M. These figures are based on the Q1 2026 filing.
Who are Globalstar's competitors?
Globalstar's key competitors include Iridium Communications Inc., AST SpaceMobile, Viasat, Inc., and others. These companies compete in similar markets and product categories.
Who does Globalstar partner with?
Globalstar's notable partners include Apple Inc., Parsons Corporation, Macdonald, Dettwiler and Associates Corporation, and others.
What subsidiaries does Globalstar have?
Globalstar's subsidiaries include Virewirx, Inc..
Where is Globalstar headquartered?
Globalstar is headquartered in United States of America and employs approximately 348 people. It has been publicly traded since 2006.