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Nasdaq · Communication Services

Globalstar, Inc. (GSAT)

As-reported financials and SEC filings for Globalstar, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Globalstar, Inc.

Globalstar, Inc. provides mobile satellite services including voice and data communications to retail, business, government customers, and wholesale clients through its network of low Earth orbit satellites and ground stations. Its main products include commercial Internet of Things data transmissions, SPOT mobile messaging devices, and voice communication services. The company also offers wholesale satellite capacity, government services, and terrestrial spectrum and network solutions, serving customers globally with connectivity in areas lacking terrestrial network coverage.

Snapshot

Revenue
$273.0M
Revenue growth (YoY)
9.0%
Net income
$-8.7M
Diluted EPS
$-0.15
Gross margin
Operating margin
2.7%
Net margin
-3.2%
FCF margin
ROE
-2.4%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$10.54B
Long-term debt / equity
1.27×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Globalstar

  • Revenue grew 9.0% to $273M in FY2025, slower than the 11.9% the year before.
  • Operating margin turned positive at 2.7% in FY2025, from a 52.7% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $65M, down 3.5% from Q2 FY2025.
  • Net loss narrowed to $9M in FY2025, from $63M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Globalstar’s fundamentals sit among the 216 Communication Services companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin2.7%
53rd percentile of 185
Net margin-3.2%
40th percentile of 191
Revenue growth (YoY)+9.0%
61st percentile of 209
ROE-2.4%
43rd percentile of 165
Long-term debt / equity1.27×
65th percentile of 101
Short interest4.65d
66th percentile of 216

No reported insider purchases (code P) in the last 90 days; 11 insider sales totaling $32.9M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+6 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
2
1 trimmed, 1 exited
Combined position
$151.4M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$83.7M1.0MAdded
Citadel AdvisorsquantQ2 2026$44.1M542.5KNew
Two Sigma InvestmentsquantQ2 2026$9.0M110.9KAdded
Renaissance TechnologiesquantQ2 2026$6.5M79.9KAdded
D. E. ShawquantQ2 2026$5.7M70.4KReduced
AQR Capital ManagementquantQ2 2026$2.3M28.6KAdded

No longer held by: Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
11
$32.9M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-27
filed 2026-08-28
Wolff Benjamin GDirectorSell20.0K$81.98$1.6M
2026-08-26
Lynch James FDirectorSell110.0K$81.78$9.0M
2026-08-21
filed 2026-08-24
Wolff Benjamin GDirectorSell20.0K$82.21$1.6M
2026-08-14
filed 2026-08-17
Clary RebeccaVP & Chief Financial OfficerSell24.1K$82.17$2.0M
2026-08-13
Taylor Timothy EvanVP, Finance & OperationsSell75.0K$82.82$6.2M
2026-08-12
filed 2026-08-13
Taylor Timothy EvanVP, Finance & OperationsSell75.0K$83.15$6.2M
2026-08-12
Wolff Benjamin GDirectorSell32.7K$83.19$2.7M
2026-08-11
filed 2026-08-12
Wolff Benjamin GDirectorSell24.0K$83.54$2.0M
2026-08-11
Ponder L Barbee IVGeneral CounselSell4.7K$83.52$394K
2026-08-07
filed 2026-08-10
Ponder L Barbee IVGeneral CounselSell12.0K$83.21$1.0M
2026-06-04
Clary RebeccaVP & Chief Financial OfficerSell920$81.75$75K
2026-04-28
Clary RebeccaVP & Chief Financial OfficerSell4.1K$81.24$330K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.0M
settled 2026-08-14
Change vs prior
+2.6%
vs previous settlement
Days to cover
4.65
at avg daily volume
Avg daily volume
866.0K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.0M+2.6%4.65
2026-07-313.9M+21.4%3.34
2026-07-153.2M+5.7%3.88
2026-06-303.1M-19.2%1.49
2026-06-153.8M+4.4%2.89
2026-05-293.6M+7.8%2.87
2026-05-153.4M-5.8%2.80
2026-04-303.6M+0.3%2.27

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$273.0M$250.3M$223.8M$148.5M$124.3M
Gross profit
Operating income$7.4M$-949,000$-165,000$-221.0M$-65.5M
Net income$-8.7M$-63.2M$-24.7M$-256.9M$-112.6M
Diluted EPS$-0.15$-0.59$-0.29$-2.15$-0.90

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$447.5M$391.2M$56.7M$32.1M$14.3M
Current assets$496.7M$447.6M$142.7M$81.2M$68.9M
Total assets$2.33B$1.71B$924.3M$738.5M$814.1M
Current liabilities$205.5M$141.5M$175.9M$197.1M$61.6M
Long-term debt$452.0M$476.8M$325.7M$132.1M$237.9M
Total liabilities$1.97B$1.35B$545.3M$423.7M$448.7M
Total equity$355.7M$358.9M$379.0M$314.8M$365.4M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$621.6M$439.2M$74.3M$63.8M$131.9M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$64.8M-3.5%$-26.5M$-0.23
Q1 FY2026$70.1M16.7%$-17.4M$-0.16
Q4 FY2025$72.0M17.6%$-11.6M$-0.09
Q3 FY2025$73.8M2.1%$1.1M
Q2 FY2025$67.1M11.2%$19.2M$0.13
Q1 FY2025$60.0M6.3%$-17.3M$-0.16
Q4 FY2024$61.2M16.7%$-50.2M$-0.40
Q3 FY2024$72.3M25.4%$9.9M$0.06

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorCommunication Services
SIC industryCommunications Services, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2010
SEC CIK1366868

Selected SEC filings

10-K2026-02-27
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-05-15
View on EDGAR →
8-K2026-05-07
View on EDGAR →
8-K2026-04-14
View on EDGAR →

Largest Communication Services peers

All Communication Services companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.