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Globalstar GSAT Wholesale capacity services — Contract with Customer, Liability, Noncurrent

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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: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 itemAs of: / June 30, 2026As of: / December 31, 2025
Subscriber and other contract liabilities$16,464$17,091
Wholesale capacity contract liabilities, net of contract asset39,71544,929
Total short-term contract liabilities$56,179$62,020
Long-term contract liabilities:
Subscriber and other contract liabilities$1,159$1,296
Wholesale capacity contract liabilities, net of contract asset1,028,207805,634
Total long-term contract liabilities$1,029,366$806,930
Total contract liabilities$1,085,545$868,950

Item 1. Financial Statements.

FAQ

What is Globalstar's wholesale capacity services — contract with customer, liability, noncurrent?
Globalstar (GSAT) reported wholesale capacity services — contract with customer, liability, noncurrent of $1.03B in Q2 2026.
How has Globalstar's wholesale capacity services — contract with customer, liability, noncurrent changed year-over-year?
Globalstar's wholesale capacity services — contract with customer, liability, noncurrent increased by 117.8% year-over-year, from $472.06M to $1.03B.
What is the long-term trend for Globalstar's wholesale capacity services — contract with customer, liability, noncurrent?
Over 2 years (2023 to 2025), Globalstar's wholesale capacity services — contract with customer, liability, noncurrent has grown at a 276.7% compound annual growth rate (CAGR), from $160.26M to $2.27B.
What does wholesale capacity services — contract with customer, liability, noncurrent mean?
This represents the long-term portion of obligations to provide services to customers for which payment has already been received or is contractually due. It reflects the company's liability to fulfill performance obligations beyond the next twelve months. This metric is essential for understanding the long-term revenue backlog associated with wholesale capacity agreements.

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