Globalstar, Inc. (GSAT)
Nasdaq · Communications Services, Nec · Transportation, communications and utilities · CIK 1366868 · fiscal year ends in Dec
Closing price $83.55 on 29 Oct 2026; 52-week range $41.54 to $84.43.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $280.6M
- Revenue growth
- 7.7%
- Net income, last twelve months
- -$54.5M
- Earnings per share
- -$0.51
- Gross margin
- 62.2%
- Operating margin
- 4.7%
- Net margin
- -19.4%
- Free cash flow
- $565.9M
- Return on equity
- -18.6%
- Market value
- $10.8B
- Cash
- $409.8M
- Debt
- $358.8M
- Debt to equity
- 1.23
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $273.0M | $7.4M | -$8.7M | -$0.15 | $616.1M | 10-K filed 27 Feb 2026 |
| FY2024 | 31 Dec 2024 | $250.3M | -$949.0K | -$63.2M | -$0.59 | $432.4M | 10-K filed 28 Feb 2025 |
| FY2023 | 31 Dec 2023 | $223.8M | -$165.0K | -$24.7M | -$0.02 | $67.4M | 10-K filed 29 Feb 2024 |
| FY2022 | 31 Dec 2022 | $148.5M | -$221.0M | -$256.9M | -$0.14 | $56.7M | 10-K filed 1 Mar 2023 |
| FY2021 | 31 Dec 2021 | $124.3M | -$65.5M | -$112.6M | -$0.06 | $125.6M | 10-K filed 25 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $64.8M | -$26.5M | -$0.23 |
| Q1 FY2026 | 31 Mar 2026 | $70.1M | -$17.4M | -$0.16 |
| Q4 FY2025 | 31 Dec 2025 | $72.0M | -$11.6M | -$0.11 |
| Q3 FY2025 | 30 Sep 2025 | $73.8M | $1.1M | -$0.01 |
| Q2 FY2025 | 30 Jun 2025 | $67.1M | $19.2M | $0.13 |
| Q1 FY2025 | 31 Mar 2025 | $60.0M | -$17.3M | -$0.16 |
| Q4 FY2024 | 31 Dec 2024 | $61.2M | -$50.2M | -$0.42 |
| Q3 FY2024 | 30 Sep 2024 | $72.3M | $9.9M | $0.00 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Wholesale capacity services | $172.7M | 63.3% |
| SPOT | $37.3M | 13.7% |
| Commercial IoT | $27.3M | 10.0% |
| Subscriber equipment sales | $15.7M | 5.7% |
| Duplex | $15.2M | 5.6% |
| Government and other services | $4.8M | 1.7% |
Company events
The newest 8-K filings of 235 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 6 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 15 May 2026 | 8-K | Shareholder vote | 5.07 |
| 7 May 2026 | 8-K | Results | 2.02, 9.01 |
| 14 Apr 2026 | 8-K | Material agreement, New debt, Investor update | 1.01, 2.03, 7.01, 9.01 |
| 27 Feb 2026 | 8-K | Results | 2.02, 9.01 |
| 6 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 7 Aug 2025 | 8-K | Results | 2.02, 9.01 |
| 21 May 2025 | 8-K | Shareholder vote, Bylaws or fiscal year change | 5.03, 5.07, 9.01 |
| 8 May 2025 | 8-K | Results | 2.02, 9.01 |
| 27 Feb 2025 | 8-K | Results | 2.02, 9.01 |
| 7 Feb 2025 | 8-K | Shareholder rights change, Bylaws or fiscal year change, Other events | 3.03, 5.03, 8.01, 9.01 |
| 21 Jan 2025 | 8-K | Delisting notice, Other events | 3.01, 8.01, 9.01 |
Every filing
The newest filings with the SEC of 557 held.
| Filed | Form | Period |
|---|---|---|
| 18 Aug 2026 | DEFM14C | – |
| 6 Aug 2026 | 10-Q | 30 Jun 2026 |
| 6 Aug 2026 | 8-K | 6 Aug 2026 |
| 22 May 2026 | SD | – |
| 15 May 2026 | 8-K | 13 May 2026 |
| 7 May 2026 | 10-Q | 31 Mar 2026 |
| 7 May 2026 | 8-K | 7 May 2026 |
| 14 Apr 2026 | 8-K | 13 Apr 2026 |
| 2 Apr 2026 | ARS | 2 Apr 2026 |
| 2 Apr 2026 | DEFA14A | – |
| 2 Apr 2026 | DEF 14A | 2 Apr 2026 |
| 27 Feb 2026 | 10-K | 31 Dec 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 21 Sep 2026 | Ponder L Barbee Iv, General Counsel | Sale outside a trading plan | 1,692 | $82.96 | $140.4K | 128,891 | 22 Sep 2026 |
| 18 Sep 2026 | Lynch James F, Director | Sale outside a trading plan | 361,600 | $82.52 | $29.8M | 351,114 | 21 Sep 2026 |
| 18 Sep 2026 | Monroe James Iii, Director | Purchase | 361,600 | $82.52 | $29.8M | 408,253 | 21 Sep 2026 |
| 27 Aug 2026 | Wolff Benjamin G, Director | Sale outside a trading plan | 19,998 | $81.98 | $1.6M | 4,116 | 28 Aug 2026 |
| 26 Aug 2026 | Lynch James F, Director | Sale outside a trading plan | 110,000 | $81.78 | $9.0M | 712,714 | 26 Aug 2026 |
| 21 Aug 2026 | Wolff Benjamin G, Director | Sale outside a trading plan | 19,998 | $82.21 | $1.6M | 4,116 | 24 Aug 2026 |
| 14 Aug 2026 | Clary Rebecca, VP & Chief Financial Officer | Sale outside a trading plan | 24,100 | $82.17 | $2.0M | 96,540 | 17 Aug 2026 |
| 13 Aug 2026 | Taylor Timothy Evan, VP, Finance & Operations | Sale outside a trading plan | 75,000 | $82.82 | $6.2M | 170,244 | 13 Aug 2026 |
| 12 Aug 2026 | Taylor Timothy Evan, VP, Finance & Operations | Sale outside a trading plan | 75,000 | $83.15 | $6.2M | 245,244 | 13 Aug 2026 |
| 12 Aug 2026 | Wolff Benjamin G, Director | Sale outside a trading plan | 32,711 | $83.19 | $2.7M | 4,116 | 12 Aug 2026 |
| 11 Aug 2026 | Wolff Benjamin G, Director | Sale outside a trading plan | 24,000 | $83.54 | $2.0M | 36,827 | 12 Aug 2026 |
| 11 Aug 2026 | Ponder L Barbee Iv, General Counsel | Sale outside a trading plan | 4,720 | $83.52 | $394.2K | 126,583 | 11 Aug 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 21 Sep 2026 | Ponder L Barbee IV, Officer | 1,692 | $140.4K | 21 Sep 2026 |
| 27 Aug 2026 | Wolff Benjamin G, Director | 19,998 | $1.6M | 27 Aug 2026 |
| 26 Aug 2026 | James Lynch, Director | 110,000 | $9.0M | 26 Aug 2026 |
| 21 Aug 2026 | Wolff Benjamin G, Director | 19,998 | $1.6M | 21 Aug 2026 |
| 14 Aug 2026 | Clary Rebecca, Officer | 24,100 | $2.0M | 14 Aug 2026 |
| 13 Aug 2026 | Timothy Taylor, Officer | 75,000 | $6.2M | 13 Aug 2026 |
| 12 Aug 2026 | Timothy Taylor, Officer | 75,000 | $6.2M | 12 Aug 2026 |
| 11 Aug 2026 | Ponder L Barbee IV, Officer | 4,720 | $394.2K | 11 Aug 2026 |
| 10 Aug 2026 | Wolff Benjamin G, Director | 56,711 | $4.7M | 10 Aug 2026 |
| 7 Aug 2026 | Ponder L Barbee IV, Officer | 12,045 | $1.0M | 7 Aug 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 15 Apr 2026 | FL Investment Holdings LLC | 13D amended | 57.59% | 74.1M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 3.9M | -4.57% | 6.25 |
| 30 Sep 2026 | 4.1M | -8.34% | 6.56 |
| 15 Sep 2026 | 4.5M | +6.77% | 9.5 |
| 31 Aug 2026 | 4.2M | +3.61% | 5.85 |
| 14 Aug 2026 | 4.0M | +2.56% | 4.65 |
| 31 Jul 2026 | 3.9M | +21.44% | 3.34 |
| 15 Jul 2026 | 3.2M | +5.67% | 3.88 |
| 30 Jun 2026 | 3.1M | -19.16% | 1.49 |
Funds that hold it
From each fund's latest Form 13F.
372 funds held it at 30 Jun 2026: 169 added and 81 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 3,235,377 | $263.0M | -767,621 |
| Vanguard Capital Management LLC | 2,317,631 | $188.4M | +43,400 |
| Vanguard Portfolio Management LLC | 2,192,445 | $178.2M | -216,639 |
| Norges Bank | 2,084,853 | $169.5M | – |
| Van Eck Associates Corp. | 1,427,218 | $116.0M | +452,931 |
| Pentwater Capital Management LP | 1,355,000 | $110.1M | +1,355,000 |
| State Street Corp. | 1,288,488 | $104.7M | -249,733 |
| Geode Capital Management, LLC | 1,206,463 | $98.1M | -245,950 |
| Beck Mack & Oliver LLC | 1,104,340 | $89.8M | -12,779 |
| Millennium Management LLC | 1,030,034 | $83.7M | +1,025,963 |
Peers
Companies in the same industry.
- EchoStar Corp. (ECHO): revenue $14.7B, market value $34.3B
- AST SpaceMobile, Inc. (ASTS): revenue $115.3M, market value $12.9B
- Viasat Inc. (VSAT): revenue $4.6B, market value $10.7B
- Iridium Communications Inc. (IRDM): revenue $903.0M, market value $4.9B
- Calix, Inc. (CALX): revenue $1.1B, market value $2.4B
- Cogent Communications Holdings, Inc. (CCOI): revenue $957.2M, market value $396.9M