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Globalstar GSAT Wholesale capacity services — Deferred revenue, net

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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

See full
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:ContractWithCustomerLiabilityCurrent.

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
Short-term contract liabilities:
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

Item 1. Financial Statements.

FAQ

What is Globalstar's wholesale capacity services — deferred revenue, net?
Globalstar (GSAT) reported wholesale capacity services — deferred revenue, net of $39.72M in Q2 2026.
How has Globalstar's wholesale capacity services — deferred revenue, net changed year-over-year?
Globalstar's wholesale capacity services — deferred revenue, net increased by 21.2% year-over-year, from $32.78M to $39.72M.
What is the long-term trend for Globalstar's wholesale capacity services — deferred revenue, net?
Over 2 years (2023 to 2025), Globalstar's wholesale capacity services — deferred revenue, net has grown at a -0.6% compound annual growth rate (CAGR), from $157.21M to $155.37M.
What does wholesale capacity services — deferred revenue, net mean?
This represents payments received from customers for wholesale capacity services that have not yet been earned through the delivery of service. It serves as a liability on the balance sheet that will be recognized as revenue in future periods.

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