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Companies / Communication Services / Globalstar, Inc.
GSAT

Globalstar, Inc.

Ticker GSATCOVINGTON,, LAFiscal year ends DecemberBook value per share $2.15Diluted shares 129.0M

Globalstar, Inc. (Nasdaq: GSAT) provides mobile satellite services, including voice and data communications, wholesale satellite capacity, government services and terrestrial spectrum solutions. Its low Earth orbit satellite network and ground stations serve retail, business and government customers, including users… From the company’s description.

Over the twelve months to Sep 30, 2026, Globalstar, Inc. reported revenue of $277.70M, up 5.9% from a year earlier, and a net loss of $68.66M. Its operating margin was 3.8%, and operations generated $472.76M in cash. In fiscal 2025, it reported revenue of $272.99M, up 9.0% from fiscal 2024, and a net loss of $8.65M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$272.99MFY2025
+9.0% year over year
Last 12 mo $277.70M
2.72%FY2025
+3.1 percentage points
Last 12 mo 3.83%
$-8.65MFY2025
+86.3% year over year
Last 12 mo $-68.66M
-2.43%FY2025
+15 percentage points
Last 12 mo -24.73%
Cash & financing
$621.65MFY2025
+41.5% year over year
Last 12 mo $472.76M
$616.14MFY2025
+45.9% year over year
Last 12 mo $463.25M
1.36FY2025
Was 1.43× a year earlier
Last 12 mo 1.27
126.8MFY2025
+0.7% year over year
Last 12 mo 129.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Globalstar, Inc. does

In the company’s own words

Globalstar, Inc. (Nasdaq: GSAT) provides mobile satellite services, including voice and data communications, wholesale satellite capacity, government services and terrestrial spectrum solutions. Its low Earth orbit satellite network and ground stations serve retail, business and government customers, including users in remote areas or where terrestrial networks are unavailable or disrupted. Products include Commercial IoT connectivity and tracking devices, SPOT personal messaging and safety devices, and Duplex voice and data services; it also sells satellite modules and chips and provides capacity for direct-to-cellular services to Apple. Globalstar reports across service revenue categories rather than identifying reportable business segments. In 2025, wholesale services for Apple accounted for 63% of revenue, while approximately 791,000 mobile satellite service subscribers used its services worldwide. Commercial IoT customers span government, transportation, construction, agriculture and forestry, and its terrestrial spectrum partners include wireless carriers, utilities and infrastructure operators. The company operates a satellite constellation and gateway network, and is expanding infrastructure for its extended mobile satellite network. Its website is www.globalstar.com.

Company details
Sector
Communication Services
Industry (SIC)
Communications
Headquarters
COVINGTON,, LA
Fiscal year end
December
CIK
1366868
SIC
4899

Financial performance, year by year

Fiscal 2011–2025 · USD
$-678.00M$-417.35M$-156.71M$103.94M$364.58M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Globalstar, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

196
funds hold it
0 of 35
superinvestors hold it
$961.87M
held by funds, at market

Largest fund holders · Globalstar, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD SMALL-CAP GROWTH INDEX FUND
VBK · VANGUARD INDEX FUNDS
0.12%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.05%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Globalstar, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Globalstar, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Globalstar, Inc.'s last four quarterly filings that the numbers alone won't show?”
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