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Globalstar, Inc. Common Stock

Globalstar, Inc. Common Stock

NASDAQ•GSAT
CEO: Mr. James Monroe III
Sector: Communication Services
Industry: Telecommunications Services
Listing Date: 2006-11-02
Globalstar, Inc. provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications. It also provides one-way or two-way communications and data transmissions using mobile devices, including the SPOT family of products, such as SPOT X, SPOT Gen4, and SPOT Trace that transmit messages and the location of the device; commercial Internet of Things transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets; small satellite transmitter modules comprising the STX-3, ST-150 and ST100, and chips that enable an integrator's products to access its network; engineering and other communication services using MSS and terrestrial spectrum licenses; undertakes installation of gateways and antennas; and hardware and software products design and development services. The company distributes its products through retailers and sales force, as well as www.findmespot.com e-commerce website. Globalstar, Inc. serves recreation and personal, government, public safety and disaster relief, oil and gas, animal tracking, maritime and fishing, construction, utilities, and transportation, as well as natural resources, mining, leisure, emergency services, agriculture, and forestry markets. The company was founded in 1993 and is headquartered in Covington, Louisiana.
Contact Information
1351 Holiday Square Boulevard, Covington, LA, 70433, United States
985-335-1500
www.globalstar.com
Market Cap
$7.98B
P/E (TTM)
-159.6
11.7
Dividend Yield
--
52W High
$74.88
52W Low
$17.24
52W Range
79%
Rank51Top 58.4%
3.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$73.85M+2.13%
4-Quarter Trend

EPS

-$0.01-117.36%
4-Quarter Trend

FCF

$22.46M-50.41%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Rises 6% Nine months total revenue reached $201.0M, increasing 6% from $189.2M, driven by wholesale capacity services growth.
Net Income Swing Nine months net income was $3.0M, a significant turnaround from $12.9M loss last year, reflecting operational leverage.
Operating Cash Flow Surge Cash provided by operations soared to $445.8M for nine months, boosted by $299.6M Infrastructure Prepayment deferred revenue.
Wholesale Capacity Leads Wholesale capacity revenue increased 16% year-to-date to $126.4M, supported by Updated Services Agreements consideration timing.

Risk Factors

Satellite Delivery Delays Replacement satellite delivery delayed; first set launch window now targeted for first half of 2026, impacting Phase 2 timeline.
Key Customer Concentration Customer under Updated Services Agreements accounted for 63% of nine months revenue, posing concentration risk to financial results.
Satellite Asset Impairment Recorded $7.0M loss on disposal of one second-generation satellite in Q1 2025 due to power control anomaly failure.
Derivative Asset Valuation Embedded derivative asset value stands at $120.8M, subject to Level 3 inputs like milestone achievement probability and discount yields.

Outlook

Extended MSS Network Build Incurred $716.4M capital expenditures for Extended MSS Network as of September 30, 2025, out of $1.5B projected spend.
IoT Product Expansion Expect Commercial IoT activations to increase following RM200M two-way module release during the fourth quarter of 2025.
Phase 2 Launch Timing Second set of replacement satellites launch remains on track for 2026, complementing existing constellation for continuous service delivery.

Peer Comparison

Revenue (TTM)

Lumen Technologies, Inc.LUMN
$12.69B
-4.6%
Turkcell Iletisim Hizmetleri A.S.TKC
$5.63B
+43.5%
Liberty Global Ltd.LBTYK
$3.90B
+48.5%

Gross Margin (Latest Quarter)

PLDT Inc.PHI
86.5%
-1.0pp
Madison Square Garden Sports Corp.MSGS
77.0%
-6.2pp
Telephone and Data Systems, Inc.TDS
38.6%
-19.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GSAT$7.98B-159.6-14.0%26.1%
LUMN$7.89B-4.6651.0%52.3%
MSGS$6.26B-264.78.4%75.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.5%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 26, 2026
|
EPS:$0.01
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $73.85M+2.1%
    |
    EPS: $-0.01-117.4%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $67.15M+11.2%
    |
    EPS: $0.13-233.2%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $60.03M+6.3%
    |
    EPS: $-0.16+23.1%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $250.35M+11.9%
    |
    EPS: $-0.59-195.0%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $72.31M+25.4%
    |
    EPS: $0.06-190.6%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $60.39M+9.6%
    |
    EPS: $-0.10+571.7%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $56.48M-3.7%
    |
    EPS: $-0.13+6742.1%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $223.81M+50.7%
    |
    EPS: $-0.20+90.5%
    Miss