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Globalstar GSAT Fair value of the warrant issued to Thermo for the guarantee associated with the 2023 Funding Agreement

Fair value of the warrant issued to Thermo for the guarantee associated with the 2023 Funding Agreement at other companies

TG Therapeutics logo
TG TherapeuticsTGTX
$0
AST SpaceMobile logo
AST SpaceMobileASTS
$0-100%
General Purpose Acquisition Corp.
 logo
General Purpose Acquisition Corp. GPAC
$2.11M
Semtech logo
SemtechSMTC
$0
D-Wave Quantum logo
D-Wave QuantumQBTS
$84.5K
NexPoint Real Estate Finance logo
NexPoint Real Estate FinanceNREF
$136.74M+221%

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 gsat:WarrantsIssued.

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 fair value of the warrant issued to thermo for the guarantee associated with the 2023 funding agreement?
Globalstar (GSAT) reported fair value of the warrant issued to thermo for the guarantee associated with the 2023 funding agreement of $0 in Q4 2025.
What does fair value of the warrant issued to thermo for the guarantee associated with the 2023 funding agreement mean?
The estimated market value of stock warrants granted to a third party in exchange for a financial guarantee.
How do you interpret fair value of the warrant issued to thermo for the guarantee associated with the 2023 funding agreement?
An increase suggests higher costs of securing financing or increased reliance on equity-linked incentives to support debt, which may signal future dilution.
How does fair value of the warrant issued to thermo for the guarantee associated with the 2023 funding agreement compare across companies?
Frequently observed in companies with complex capital structures or those utilizing strategic partners for credit enhancement; comparable to equity-based financing costs.