Loading…
Globalstar, Inc. provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. It offers duplex two-way voice and data products, including mobile voice and data services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications. The company also provides data transmissions using a mobile or fixed device that transmits the location of the device and other information to a central monitoring station, including commercial IoT products; communication and data transmissions using SPOT family of devices, such as SPOT X, SPOT Gen4, and SPOT Trace that emergency alerts, and transmit messages and the location of the device; and voice communication and data transmissions. In addition, it offers commercial IoT devices to track assets comprising cargo containers and rail cars, monitor utility meters, and monitor oil and gas assets; small satellite transmitter modules, such as 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; and hardware and software designs to develop specific applications operating over satellite network, as well as the installation of gateways and antennas. It distributes its products through retailers and sales force, as well as www.findmespot.com e-commerce website. The company serves forestry, maritime, government, oil and gas, mining, leisure, emergency services, construction, and transportation sectors. Globalstar, Inc. was founded in 1993 and is headquartered in Covington, Louisiana.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $273M | $102M | $-9M | $514M | -2.4% | 9.0% | - |
| 2024 | $250M | $89M | $-63M | $320M | -17.6% | 11.9% | - |
| 2023 | $224M | $88M | $-25M | $-92M | -6.5% | 50.7% | - |
| 2022 | $149M | $39M | $-257M | $24M | -81.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 148.50 | 223.81 | 250.35 | 272.99 |
| Cost Of Revenue | 65.02 | 69.47 | 82.77 | 96.09 |
| Gross Profit | 83.48 | 154.34 | 167.57 | 176.90 |
| Operating Expense | 137.99 | 154.14 | 167.97 | 162.24 |
| Operating Income | -54.50 | 0.20 | -0.39 | 14.66 |
| EBITDA | 39.38 | 88.39 | 88.59 | 102.06 |
| EBIT | -54.50 | 0.20 | -0.39 | 14.66 |
| Pretax Income | -256.84 | -23.59 | -61.03 | -2.77 |
| Tax Provision | 0.07 | 1.12 | 2.13 | 5.88 |
| Net Income | -256.92 | -24.72 | -63.16 | -8.65 |
| Net Income Common Stockholders | -258.25 | -35.32 | -73.80 | -19.26 |
| Total Expenses | 203.01 | 223.61 | 250.74 | 258.33 |
| Selling General And Administration | 44.10 | 65.95 | 78.98 | 74.84 |
| Normalized EBITDA | 209.71 | 97.57 | 135.67 | 78.57 |
| Normalized Income | -122.36 | -17.46 | -25.98 | -27.21 |
| Basic EPS | -2.10 | -0.30 | -0.59 | -0.15 |
| Diluted EPS | -2.10 | -0.30 | -0.59 | -0.15 |
| Tax Effect Of Unusual Items | -35.77 | -1.93 | -9.89 | 4.93 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | -170.33 | -9.18 | -47.07 | 23.49 |
| Total Unusual Items Excluding Goodwill | -170.33 | -9.18 | -47.07 | 23.49 |
| Net Income From Continuing Operation Net Minority Interest | -256.92 | -24.72 | -63.16 | -8.65 |
| Reconciled Depreciation | 93.88 | 88.19 | 88.99 | 87.40 |
| Reconciled Cost Of Revenue | 65.02 | 69.47 | 82.77 | 96.09 |
| Net Interest Income | -30.17 | -14.61 | -13.56 | -40.92 |
| Net Income From Continuing And Discontinued Operation | -256.92 | -24.72 | -63.16 | -8.65 |
| Total Operating Income As Reported | -221.03 | -0.17 | -0.95 | 7.43 |
| Diluted Average Shares | 120.06 | 122.33 | 125.88 | 126.76 |
| Basic Average Shares | 120.06 | 122.33 | 125.88 | 126.76 |
| Diluted NI Availto Com Stockholders | -258.25 | -35.32 | -73.80 | -19.26 |
| Preferred Stock Dividends | 1.34 | 10.61 | 10.63 | 10.61 |
| Net Income Including Noncontrolling Interests | -256.92 | -24.72 | -63.16 | -8.65 |
| Net Income Continuous Operations | -256.92 | -24.72 | -63.16 | -8.65 |
| Other Income Expense | -172.17 | -9.18 | -47.07 | 23.49 |
| Other Non Operating Income Expenses | -1.84 | 1.73 | -2.53 | 0 |
| Special Income Charges | -163.74 | -10.77 | -27.93 | -7.23 |
| Other Special Charges | -2.79 | 10.40 | 27.38 | 0 |
| Write Off | 166.53 | 0.36 | 0.56 | 0 |
| Impairment Of Capital Assets | 166.53 | 0.36 | 0.56 | 7.23 |
| Gain On Sale Of Security | -6.59 | 1.58 | -19.14 | 30.72 |
| Net Non Operating Interest Income Expense | -30.17 | -14.61 | -13.56 | -40.92 |
| Total Other Finance Cost | 30.17 | 14.61 | 13.56 | 40.92 |
| Depreciation Amortization Depletion Income Statement | 93.88 | 88.19 | 88.99 | 87.40 |
| Depreciation And Amortization In Income Statement | 93.88 | 88.19 | 88.99 | 87.40 |
| Amortization | 8.41 | 0.98 | 1.07 | 1.30 |
| Amortization Of Intangibles Income Statement | 8.41 | 0.98 | 1.07 | 1.30 |
| Depreciation Income Statement | 85.47 | 87.21 | 87.92 | 86.10 |
| General And Administrative Expense | 44.10 | 65.95 | 78.98 | 74.84 |
| Other Gand A | 33.35 | 43.46 | 43.43 | 51.43 |
| Salaries And Wages | 10.75 | 22.49 | 35.55 | 23.41 |
| Operating Revenue | 148.50 | 223.81 | 250.35 | 272.99 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Globalstar, Inc.this co. | GSAT | $10.5B | - | 29.38 | -2.4% | 107.91 |
| Atlanta Braves Holdings, Inc. | BATRA | $3.4B | - | 6.27 | -4.3% | 44.69 |
| Atlanta Braves Holdings, Inc. | BATRK | $3.1B | - | 5.87 | -4.3% | 42.34 |
| IMAX Corporation | IMAX | $2.0B | 59.11 | 5.94 | 8.2% | 16.52 |
| Ziff Davis, Inc. | ZD | $1.9B | 37.19 |
| 1.00 |
| 2.7% |
| 6.02 |
| Magnite, Inc. | MGNI | $1.9B | 13.60 | 2.00 | 15.7% | 14.07 |
| Yelp Inc. | YELP | $1.8B | 11.02 | 2.26 | 20.5% | 5.77 |
| Stagwell Inc. | STGW | $1.7B | 83.63 | 2.23 | 3.6% | 10.02 |
| WEBTOON Entertainment Inc. | WBTN | $1.7B | - | 1.37 | -28.2% | -37.50 |
| Peer Median | - | 37.19 | 2.24 | 3.2% | 12.05 | |