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Globalstar GSAT Contract Liabilities

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Segments

By product

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Wholesale capacity services$1.07B+112%

Other financials

Income statement

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Revenue$64.8M-3.5%
Operating income-$4.8M-178%
Net income-$26.5M-238%
EPS (diluted)-$0.23-277%

Balance sheet

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Cash & equivalents$409.8M+32.9%
Total debt$419.1M-23.6%
Total equity$292.6M-18.9%
Total assets$2.4B+28.1%

Cash flow

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Operating cash flow$124.5M-21.1%
CapEx$1.6M-5.1%
Free cash flow$123.0M-21.3%

Valuation

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Market cap$10.75B+225%
Enterprise value$10.76B+203%
P/S38.3×+25.6×

Profitability

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Gross margin91.4%
Operating margin4.8%+3.7pp
Net margin-19.4%+9.0pp
FCF margin201.6%-19.9pp

Returns & leverage

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Return on equity-16.7%+26.6pp
Debt / equity1.4×-0.1×
Current ratio1.5×-1.3×

Where this comes from

Reported directly by Globalstar in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The source filing: Globalstar’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 8:08 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001366868-26-000039
Line itemJune 30, 2026December 31, 2025
Total current liabilities299,906205,486
Long-term debt307,389451,953
Operating lease liabilities53,00954,549
Deferred revenue, net1,029,366806,930
Other non-current liabilities462,529451,618
Total non-current liabilities1,852,2931,765,050
Total liabilities2,152,1991,970,536
Commitments and contingencies (Note 10)

Item 1. Financial Statements.

FAQ

What is Globalstar's contract liabilities?
Globalstar (GSAT) reported contract liabilities of $1.03B in Q2 2026.
How has Globalstar's contract liabilities changed year-over-year?
Globalstar's contract liabilities increased by 117.5% year-over-year, from $473.31M to $1.03B.
What is the long-term trend for Globalstar's contract liabilities?
Over 5 years (2020 to 2025), Globalstar's contract liabilities has grown at a 200.7% compound annual growth rate (CAGR), from $3.28M to $806.93M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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