Globalstar Financials
This page shows Globalstar (GSAT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Globalstar has an operating margin of -0.4%, meaning the company retains $-0 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -0.1% the prior year.
Globalstar's revenue grew 11.9% year-over-year to $250.3M, a solid pace of expansion. This earns a growth score of 62/100.
Globalstar has a moderate D/E ratio of 1.33. This balance of debt and equity financing earns a leverage score of 62/100.
With a current ratio of 3.16, Globalstar holds $3.16 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Globalstar passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Globalstar generates $-6.95 in operating cash flow ($439.2M OCF vs -$63.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Globalstar generated $250.3M in revenue in fiscal year 2024. This represents an increase of 11.9% from the prior year.
Globalstar's EBITDA was $88.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 0.0% from the prior year.
Globalstar reported -$63.2M in net income in fiscal year 2024. This represents a decrease of 155.5% from the prior year.
Globalstar earned $-0.59 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 103.4% from the prior year.
Globalstar held $391.2M in cash against $476.8M in long-term debt as of fiscal year 2024.
Globalstar had 1.90B shares outstanding in fiscal year 2024.
Globalstar's operating margin was -0.4% in fiscal year 2024, reflecting core business profitability. This is down 0.3 percentage points from the prior year.
Globalstar's net profit margin was -25.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 14.2 percentage points from the prior year.
Globalstar invested $6.5M in research and development in fiscal year 2024. This represents an increase of 364.3% from the prior year.
GSAT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $73.8M+10.0% | $67.1M+11.9% | $60.0M-1.9% | $61.2M-15.4% | $72.3M+19.7% | $60.4M+6.9% | $56.5M+7.8% | $52.4M |
| Cost of Revenue | $3.8M-11.4% | $4.3M+41.0% | $3.1M+4.2% | $2.9M-28.9% | $4.1M+15.6% | $3.6M+22.0% | $2.9M+35.8% | $2.2M |
| Gross Profit | $19.6M-0.3% | $19.7M+12.6% | $17.5M-3.2% | $18.0M-1.9% | $18.4M+13.3% | $16.2M-0.9% | $16.4M-39.9% | $27.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $11.3M+17.2% | $9.7M-16.4% | $11.6M-3.4% | $12.0M+14.9% | $10.4M+0.8% | $10.4M-2.8% | $10.6M-8.3% | $11.6M |
| Operating Income | $10.2M+65.2% | $6.1M+172.3% | -$8.5M-100.1% | -$4.2M-145.0% | $9.4M+763.4% | -$1.4M+69.8% | -$4.7M+60.7% | -$12.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $1.1M+160.2% | -$1.8M-139.9% | $4.6M+2049.3% | $213K-87.7% | $1.7M+851.6% | $182K+2175.0% | $8K-99.1% | $938K |
| Net Income | $1.1M-94.3% | $19.2M+210.8% | -$17.3M+65.5% | -$50.2M-605.5% | $9.9M+202.6% | -$9.7M+26.6% | -$13.2M+12.5% | -$15.1M |
| EPS (Diluted) | $-0.01-107.7% | $0.13+181.3% | $-0.16+61.9% | $-0.42-800.0% | $0.06+160.0% | $-0.10+23.1% | $-0.13+55.2% | $-0.29 |
GSAT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.2B+13.3% | $1.9B+10.4% | $1.7B+1.1% | $1.7B+86.4% | $917.6M-0.9% | $926.2M+1.0% | $917.0M-0.8% | $924.3M |
| Current Assets | $401.0M+10.3% | $363.4M+24.3% | $292.5M-34.7% | $447.6M+251.2% | $127.5M-11.5% | $144.0M+5.9% | $136.0M-4.7% | $142.7M |
| Cash & Equivalents | $346.3M+12.4% | $308.2M+27.7% | $241.4M-38.3% | $391.2M+653.5% | $51.9M-19.3% | $64.3M+8.5% | $59.3M+4.5% | $56.7M |
| Inventory | $11.4M-0.5% | $11.5M+13.0% | $10.2M-5.4% | $10.7M-9.6% | $11.9M-9.4% | $13.1M-9.0% | $14.4M-1.2% | $14.6M |
| Accounts Receivable | $26.0M+4.8% | $24.8M+8.4% | $22.9M-15.2% | $27.0M-37.4% | $43.0M-0.3% | $43.1M+0.7% | $42.8M-12.1% | $48.7M |
| Goodwill | N/A | N/A | N/A | $30.6M | N/A | N/A | N/A | $30.6M |
| Total Liabilities | $1.8B+16.1% | $1.5B+11.8% | $1.4B+2.5% | $1.4B+158.2% | $523.5M-3.6% | $543.3M+0.6% | $540.0M-1.0% | $545.3M |
| Current Liabilities | $158.4M+22.6% | $129.2M+0.1% | $129.1M-8.8% | $141.5M+21.1% | $116.9M-15.5% | $138.3M+2.0% | $135.7M-22.9% | $175.9M |
| Long-Term Debt | $485.1M+3.5% | $468.8M-0.7% | $472.0M-1.0% | $476.8M+32.5% | $359.8M+0.3% | $358.5M-1.5% | $364.1M+11.8% | $325.7M |
| Total Equity | $364.8M+1.1% | $360.9M+4.8% | $344.3M-4.1% | $358.9M-8.9% | $394.1M+2.9% | $383.0M+1.6% | $377.1M-0.5% | $379.0M |
| Retained Earnings | -$2.1B+0.1% | -$2.1B+0.9% | -$2.1B-0.8% | -$2.1B-2.4% | -$2.1B+0.5% | -$2.1B-0.5% | -$2.1B-0.6% | -$2.1B |
GSAT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $236.0M+49.5% | $157.9M+204.4% | $51.9M-84.8% | $340.7M+962.9% | $32.0M-12.6% | $36.7M+23.0% | $29.8M+415.4% | $5.8M |
| Capital Expenditures | $720K-31.8% | $1.1M+146.5% | $428K-61.6% | $1.1M0.0% | $1.1M-17.7% | $1.4M+33.6% | $1.0M-32.1% | $1.5M |
| Free Cash Flow | $3.8M+252.0% | -$2.5M-174.2% | $3.4M+182.0% | -$4.1M-231.7% | $3.1M+459.4% | -$868K-378.2% | $312K+107.3% | -$4.3M |
| Investing Cash Flow | -$214.1M-163.6% | -$81.2M+57.4% | -$190.6M-24.7% | -$152.9M-359.6% | -$33.3M-64.6% | -$20.2M+62.7% | -$54.2M-63.3% | -$33.2M |
| Financing Cash Flow | $15.9M+250.1% | -$10.6M+6.9% | -$11.4M-107.5% | $152.3M+1443.9% | -$11.3M-4.3% | -$10.9M-140.1% | $27.1M+36.3% | $19.9M |
| Dividends Paid | $2.7M+1.1% | $2.6M+1.1% | $2.6M-2.2% | $2.7M0.0% | $2.7M+1.1% | $2.6M0.0% | $2.6M-1.1% | $2.7M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GSAT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.6%+1.7pp | 82.0%-3.1pp | 85.0%-0.9pp | 86.0%+4.4pp | 81.6%-0.3pp | 81.9%-2.9pp | 84.8%-7.9pp | 92.6% |
| Operating Margin | 13.8%+4.6pp | 9.2%+23.3pp | -14.2%-7.2pp | -7.0%-20.0pp | 13.1%+15.4pp | -2.4%+6.0pp | -8.3%+14.5pp | -22.9% |
| Net Margin | 1.5%-27.1pp | 28.6%+57.5pp | -28.9%+53.2pp | -82.1%-95.8pp | 13.7%+29.8pp | -16.0%+7.3pp | -23.4%+5.4pp | -28.8% |
| Return on Equity | 0.3%-5.0pp | 5.3% | N/A | N/A | 2.5%+0.9pp | 1.6%-5.1pp | 6.7% | N/A |
| Return on Assets | 0.1%-1.0pp | 1.0%+2.0pp | -1.0%+1.9pp | -2.9%-4.0pp | 1.1%+2.1pp | -1.1%+0.4pp | -1.4%+0.2pp | -1.6% |
| Current Ratio | 2.53-0.3 | 2.81+0.5 | 2.27-0.9 | 3.16+2.1 | 1.09+0.0 | 1.04+0.0 | 1.00+0.2 | 0.81 |
| Debt-to-Equity | 1.33+0.0 | 1.30-0.1 | 1.37+0.0 | 1.33+0.4 | 0.91-0.0 | 0.94-0.0 | 0.97+0.1 | 0.86 |
| FCF Margin | 16.2%+26.6pp | -10.4%-26.8pp | 16.4%+29.3pp | -12.9%-21.0pp | 8.1%+10.9pp | -2.8%-3.8pp | 1.0%+15.5pp | -14.5% |
Similar Companies
Frequently Asked Questions
What is Globalstar's annual revenue?
Globalstar (GSAT) reported $250.3M in total revenue for fiscal year 2024. This represents a 11.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Globalstar's revenue growing?
Globalstar (GSAT) revenue grew by 11.9% year-over-year, from $223.8M to $250.3M in fiscal year 2024.
Is Globalstar profitable?
No, Globalstar (GSAT) reported a net income of -$63.2M in fiscal year 2024, with a net profit margin of -25.2%.
What is Globalstar's earnings per share (EPS)?
Globalstar (GSAT) reported diluted earnings per share of $-0.59 for fiscal year 2024. This represents a -103.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Globalstar's EBITDA?
Globalstar (GSAT) had EBITDA of $88.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Globalstar have?
As of fiscal year 2024, Globalstar (GSAT) had $391.2M in cash and equivalents against $476.8M in long-term debt.
What is Globalstar's operating margin?
Globalstar (GSAT) had an operating margin of -0.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Globalstar's net profit margin?
Globalstar (GSAT) had a net profit margin of -25.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Globalstar's operating cash flow?
Globalstar (GSAT) generated $439.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Globalstar's total assets?
Globalstar (GSAT) had $1.7B in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Globalstar spend on research and development?
Globalstar (GSAT) invested $6.5M in research and development during fiscal year 2024.
How many shares does Globalstar have outstanding?
Globalstar (GSAT) had 1.90B shares outstanding as of fiscal year 2024.
What is Globalstar's current ratio?
Globalstar (GSAT) had a current ratio of 3.16 as of fiscal year 2024, which is generally considered healthy.
What is Globalstar's debt-to-equity ratio?
Globalstar (GSAT) had a debt-to-equity ratio of 1.33 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Globalstar's return on assets (ROA)?
Globalstar (GSAT) had a return on assets of -3.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Globalstar's Piotroski F-Score?
Globalstar (GSAT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Globalstar's earnings high quality?
Globalstar (GSAT) has an earnings quality ratio of -6.95x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Globalstar?
Globalstar (GSAT) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.