What does service revenue — contract with customer asset mean?

This metric represents the recurring revenue generated from mobile satellite service contracts provided to customers. It captures the value derived from ongoing voice and data transmission services delivered through satellite infrastructure where terrestrial networks are unavailable. This revenue stream is fundamental to the company's long-term service model and reflects the stability of the subscriber base.

Globalstar GSAT Service revenue — Contract with customer asset

Other product segments

Wholesale capacity services

$4.88M-47.6%

Similar metrics at other companies

ASTSService — Revenue (Gross)

$1.33M+287%

VSATService — Revenue

$803.73M+0.8%

ONTOService Revenue — Revenue

$18.24M+5.6%

KGSContract Services — Revenue

$306.99M+6.2%

TService — Revenue

$25.48B+1.4%

MTDService Revenue — Revenue from Contract with Customer, Excluding Assessed Tax

$182.83M+12.3%

Other financials

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

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Market cap$10.36B+224%

Enterprise value$10.54B+197%

P/S36.6×+24.0×

Profitability

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Gross margin91.4%—

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×

Where this comes from

Reported directly by Globalstar in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNet.

The official record: Globalstar’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Globalstar's service revenue — contract with customer asset?: Globalstar (GSAT) reported service revenue — contract with customer asset of $5.1M in Q4 2025.
What does service revenue — contract with customer asset mean?: This metric represents the recurring revenue generated from mobile satellite service contracts provided to customers. It captures the value derived from ongoing voice and data transmission services delivered through satellite infrastructure where terrestrial networks are unavailable. This revenue stream is fundamental to the company's long-term service model and reflects the stability of the subscriber base.