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Globalstar GSAT Subscriber equipment sales — Cost of goods and services

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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$10.75B+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:CostOfGoodsAndServicesSold.

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 itemThree Months Ended / June 30,2026Three Months Ended / June 30,2025Six Months Ended / June 30,2026Six Months Ended / June 30,2025
Total revenue64,77267,148134,836127,180
Operating expenses:
Cost of services (exclusive of depreciation, amortization, and accretion shown separately below)23,60219,47947,03538,104
Cost of subscriber equipment sales3,3952,8815,8624,928
Marketing, general and administrative23,0259,68337,85321,272
Stock-based compensation2,7235,9495,42812,906
Reduction in the value and disposal of long-lived assets647,038
Depreciation, amortization and accretion16,80223,01035,19945,287

Item 1. Financial Statements.

FAQ

What is Globalstar's subscriber equipment sales — cost of goods and services?
Globalstar (GSAT) reported subscriber equipment sales — cost of goods and services of $3.4M in Q2 2026.
How has Globalstar's subscriber equipment sales — cost of goods and services changed year-over-year?
Globalstar's subscriber equipment sales — cost of goods and services increased by 17.8% year-over-year, from $2.88M to $3.4M.
What is the long-term trend for Globalstar's subscriber equipment sales — cost of goods and services?
Over 4 years (2021 to 2025), Globalstar's subscriber equipment sales — cost of goods and services has grown at a -1.3% compound annual growth rate (CAGR), from $13.59M to $12.91M.
What does subscriber equipment sales — cost of goods and services mean?
This metric captures the direct costs associated with the production, procurement, and delivery of satellite communication equipment sold to customers. It includes expenses such as raw materials, manufacturing labor, and logistics required to bring the hardware to market. Monitoring this helps assess the direct profitability of the equipment sales segment.

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