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Globalstar, Inc.

GSAT Clue Score55
United States Fiscal year ends December CIK 0001366868
$83.82 +0.72% Close, 9 Oct 2026
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Price $83.82 +5,488.00% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue96.9Operating income−63.3Net income−132.6EPS, diluted−0.12Fiscal year 2017Revenue112.7 +16.3%Operating income−68.4Net income−89.1EPS, diluted−0.08Fiscal year 2018Revenue130.1 +15.5%Operating income−47.4Net income−6.5EPS, diluted−0.01Fiscal year 2019Revenue131.7 +1.2%Operating income−64.0Net income15.3EPS, diluted−0.07Fiscal year 2020Revenue128.5 −2.5%Operating income−59.2Net income−109.6 −815.5%EPS, diluted−0.07Fiscal year 2021Revenue124.3 −3.3%Operating income−65.5Net income−112.6EPS, diluted−0.06Fiscal year 2022Revenue148.5 +19.5%Operating income−221.0Net income−256.9EPS, diluted−2.15Fiscal year 2023Revenue223.8 +50.7%Operating income−0.2Net income−24.7EPS, diluted−0.29Fiscal year 2024Revenue250.3 +11.9%Operating income−0.9Net income−63.2EPS, diluted−0.59Fiscal year 2025Revenue273.0 +9.0%Operating income7.4Net income−8.7EPS, diluted−0.15
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 96.9 112.7 130.1 131.7 128.5 124.3 148.5 223.8 250.3 273.0
Growth +16.3% +15.5% +1.2% −2.5% −3.3% +19.5% +50.7% +11.9% +9.0%
Operating income −63.3 −68.4 −47.4 −64.0 −59.2 −65.5 −221.0 −0.2 −0.9 7.4
Net income −132.6 −89.1 −6.5 15.3 −109.6 −112.6 −256.9 −24.7 −63.2 −8.7
Growth −815.5%
EPS, diluted −0.12 −0.08 −0.01 −0.07 −0.07 −0.06 −2.15 −0.29 −0.59 −0.15

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−65.3%Net margin−136.9%Free cash flow margin−0.6%Fiscal year 2017Operating margin−60.8%Net margin−79.1%Free cash flow margin7.4%Fiscal year 2018Operating margin−36.4%Net margin−5.0%Free cash flow margin−1.1%Fiscal year 2019Operating margin−48.6%Net margin11.6%Free cash flow margin−1.2%Fiscal year 2020Operating margin−46.0%Net margin−85.3%Fiscal year 2021Operating margin−52.7%Net margin−90.6%Fiscal year 2022Operating margin−148.8%Net margin−173.0%Fiscal year 2023Operating margin−0.1%Net margin−11.0%Fiscal year 2024Operating margin−0.4%Net margin−25.2%Fiscal year 2025Operating margin2.7%Net margin−3.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −65.3% −60.8% −36.4% −48.6% −46.0% −52.7% −148.8% −0.1% −0.4% 2.7%
Net margin −136.9% −79.1% −5.0% 11.6% −85.3% −90.6% −173.0% −11.0% −25.2% −3.2%
Free cash flow margin −0.6% 7.4% −1.1% −1.2% n/a n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow8.8Capital expenditure−9.4Free cash flow−0.6Fiscal year 2017Operating cash flow13.9Capital expenditure−5.5Free cash flow8.3Fiscal year 2018Operating cash flow5.9Capital expenditure−7.3Free cash flow−1.4 −117.2%Fiscal year 2019Operating cash flow3.0Capital expenditure−4.6Free cash flow−1.5Fiscal year 2020Operating cash flow22.2Fiscal year 2021Operating cash flow131.9Dividends paid0.0Fiscal year 2022Operating cash flow63.8Dividends paid0.0Fiscal year 2023Operating cash flow74.3Dividends paid−11.9Fiscal year 2024Operating cash flow439.2Dividends paid−10.6Fiscal year 2025Operating cash flow621.7Dividends paid−10.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 8.8 13.9 5.9 3.0 22.2 131.9 63.8 74.3 439.2 621.7
Capital expenditure −9.4 −5.5 −7.3 −4.6 n/a n/a n/a n/a n/a n/a
Free cash flow −0.6 8.3 −1.4 −1.5 n/a n/a n/a n/a n/a n/a
Growth −117.2%
Dividends paid n/a n/a n/a n/a n/a 0.0 0.0 −11.9 −10.6 −10.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash10.2Total debt576.3Net cash (debt)−566.0Shareholders’ equity161.8Debt to equity3.56Fiscal year 2017Cash41.6Total debt513.9Net cash (debt)−472.2Shareholders’ equity291.2Debt to equity1.76Fiscal year 2018Cash15.2Total debt463.5Net cash (debt)−448.2Shareholders’ equity358.9Debt to equity1.29Fiscal year 2019Cash7.6Total debt464.2Net cash (debt)−456.6Shareholders’ equity407.3Debt to equity1.14Fiscal year 2020Cash13.3Total debt385.4Net cash (debt)−372.1Shareholders’ equity423.1Debt to equity0.91Fiscal year 2021Cash14.3Total debt237.9Net cash (debt)−223.6Shareholders’ equity365.4Debt to equity0.65Fiscal year 2022Cash32.1Total debt132.1Net cash (debt)−100.0Shareholders’ equity314.8Debt to equity0.42Fiscal year 2023Cash56.7Total debt360.3Net cash (debt)−303.6Shareholders’ equity379.0Debt to equity0.95Fiscal year 2024Cash391.2Total debt511.4Net cash (debt)−120.3Shareholders’ equity358.9Debt to equity1.43Fiscal year 2025Cash447.5Total debt483.8Net cash (debt)−36.3Shareholders’ equity355.7Debt to equity1.36
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 10.2 41.6 15.2 7.6 13.3 14.3 32.1 56.7 391.2 447.5
Total debt 576.3 513.9 463.5 464.2 385.4 237.9 132.1 360.3 511.4 483.8
Net cash (debt) −566.0 −472.2 −448.2 −456.6 −372.1 −223.6 −100.0 −303.6 −120.3 −36.3
Shareholders’ equity 161.8 291.2 358.9 407.3 423.1 365.4 314.8 379.0 358.9 355.7
Debt to equity 3.56 1.76 1.29 1.14 0.91 0.65 0.42 0.95 1.43 1.36

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
96.9 112.7 130.1 131.7 128.5 124.3 148.5 223.8 250.3 273.0
Growth +16.3% +15.5% +1.2% −2.5% −3.3% +19.5% +50.7% +11.9% +9.0%
2.1 3.8 2.7 3.2 1.9 1.0 0.5 1.4 6.5 6.1
40.6 38.8 55.4 45.2 41.7 34.6 33.3 43.5 43.4 51.4
−63.3 −68.4 −47.4 −64.0 −59.2 −65.5 −221.0 −0.2 −0.9 7.4
Growth
−139.2 −88.9 −6.4 15.9 −109.0 −112.9 −256.8 −23.6 −61.0 −2.8
−6.5 0.2 0.1 0.5 0.7 −0.3 0.1 1.1 2.1 5.9
−132.6 −89.1 −6.5 15.3 −109.6 −112.6 −256.9 −24.7 −63.2 −8.7
Growth −815.5%
Per share
−0.12 −0.08 −0.01 0.01 −0.07 −0.06 −2.15 −0.29 −0.59 −0.15
−0.12 −0.08 −0.01 −0.07 −0.07 −0.06 −2.15 −0.29 −0.59 −0.15
Growth
1,064 1,167 1,270 1,451 1,642 1,765 120.1 122.3 125.9 126.8
1,064 1,167 1,270 1,655 1,642 1,765 120.1 122.3 125.9 126.8
Growth +9.6% +8.8% +30.4% −0.8% +7.5% −93.2% +1.9% +2.9% +0.7%

† The diluted share count jumps at 2022, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 16.3% a year over five years.
  • Operating margin is up 48.8 points on five years ago, at 2.7%.
  • A net loss in 9 of 10 years on file.