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Globalstar GSAT Wholesale capacity services — Contract with Customer, Liability

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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:ContractWithCustomerLiability.

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 itemAs of: / June 30, 2026As of: / December 31, 2025
Advanced payments contractually owed for services expected to be performed with the replacement satellite constellation prior to the Phase 2 Service Period9193,924
Advanced payments for the quarterly access fee, service-related operating and capital expenditures and other services40,87337,682
Advanced payments under the Infrastructure Prepayment (See Note 3: Special Purpose Entity)813,400708,593
Additional consideration associated with the Updated Services Agreements (2)98,70453,504
Additional consideration associated with the 2024 Debt Repayment (3)58,780
Other advanced payments associated with future performance obligations (4)75,73960,674
Contract asset (5)(45,788)(40,889)
Wholesale capacity contract liabilities, net$1,067,922$850,563

Item 1. Financial Statements.

FAQ

What is Globalstar's wholesale capacity services — contract with customer, liability?
Globalstar (GSAT) reported wholesale capacity services — contract with customer, liability of $1.07B in Q2 2026.
How has Globalstar's wholesale capacity services — contract with customer, liability changed year-over-year?
Globalstar's wholesale capacity services — contract with customer, liability increased by 111.5% year-over-year, from $504.83M to $1.07B.
What is the long-term trend for Globalstar's wholesale capacity services — contract with customer, liability?
Over 2 years (2023 to 2025), Globalstar's wholesale capacity services — contract with customer, liability has grown at a 176.6% compound annual growth rate (CAGR), from $317.47M to $2.43B.
What does wholesale capacity services — contract with customer, liability mean?
This represents the total obligation to provide services to customers for which payment has already been received. It is the primary balance sheet indicator of the company's future service delivery commitments.

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