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Globalstar GSAT Accrued network construction costs

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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$10.86B+203%
Enterprise value$10.87B+184%
P/S38.7×+25.0×

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 gsat:AccruedSatelliteConstructionCostsCurrent.

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
Current liabilities:
Current portion of long-term debt$51,400$31,835
Accounts payable and accrued expenses120,84356,022
Accrued network construction costs71,13155,218
Payables to affiliates353391
Deferred revenue, net56,17962,020
Total current liabilities299,906205,486
Long-term debt307,389451,953

Item 1. Financial Statements.

FAQ

What is Globalstar's accrued network construction costs?
Globalstar (GSAT) reported accrued network construction costs of $71.13M in Q2 2026.
How has Globalstar's accrued network construction costs changed year-over-year?
Globalstar's accrued network construction costs increased by 344.9% year-over-year, from $15.99M to $71.13M.
What is the long-term trend for Globalstar's accrued network construction costs?
Over 3 years (2022 to 2025), Globalstar's accrued network construction costs has grown at a 15.2% compound annual growth rate (CAGR), from $36.14M to $55.22M.
What does accrued network construction costs mean?
This represents liabilities incurred for the development and construction of satellite infrastructure that have not yet been invoiced or paid. It reflects the company's ongoing capital expenditure commitments for network expansion.

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