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Globalstar GSAT Q4 2024 Annual earnings

Reported February 27, 2025 · After market close

Revenue$61.2MBeat by $937.5K
EPS-$0.14Miss by $0.09
Revenue estimate$60.2M
EPS estimate-$0.05

Next report

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

Financials

Q4 2024

Income statement

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Revenue$61.2M+16.7%
Operating income-$4.2M+64.6%
Net income-$50.2M-233%
EPS (diluted)-$0.42-50.0%

Balance sheet

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Cash & equivalents$391.2M+589%
Total debt$542.0M+38.1%
Total equity$358.9M-5.3%
Total assets$1.7B+85.0%

Cash flow

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Operating cash flow$340.7M+5,789%
CapEx$1.2M-39.7%
Free cash flow$339.5M+8,745%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$3.92B+7.6%
Enterprise value$4.07B+2.3%
P/S15.7×-0.6×

Profitability

See full
Operating margin-0.4%-0.5pp
Net margin-25.2%-114pp
FCF margin172.7%+143pp

Returns & leverage

See full
Return on equity-17.1%-59.6pp
Debt / equity1.5×+0.5×
Current ratio3.2×+2.4×

Segments

By product

See full
Wholesale capacity services$36.2M+40.9%
SPOT$10.1M-3.9%
Commercial IoT$6.4M
Duplex$4.5M-23.3%
Government and other services$534.0K-45.5%

Versus estimates

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Questions, answered.

When did Globalstar report Q4 2024 earnings?
Globalstar (GSAT) reported Q4 2024 earnings on February 27, 2025 after market close.
What were Globalstar's Q4 2024 revenue and EPS?
Globalstar reported revenue of $61.2M and eps of $-0.14 for Q4 2024.
Did Globalstar beat estimates in Q4 2024?
Revenue beat the consensus estimate of $60.2M by $937.5K. EPS missed the consensus estimate of $-0.05 by $0.09.
Where can I find Globalstar's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001366868-25-000033) directly on SEC EDGAR. The filing index links above go to sec.gov.