Globalstar, Inc (GSAT) Income Statement
GSAT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGSAT revenue and net income
Where GSAT's revenue goes
2025Each bar shows an amount and its share of revenue. GSAT kept −3.2% of revenue as net income.
GSAT profit margins
GSAT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.0% | +22.5% | +16.3% | +11.7% |
| Gross profit | +5.6% | +28.4% | +17.3% | +13.9% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GSAT quarterly EPS vs estimates
Globalstar beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.12).
GSAT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $273.0M | $250.3M | $223.8M | $148.5M | $124.3M | $128.5M | $131.7M | $130.1M | $112.7M | $96.9M |
| Cost of revenue | $96.1M | $82.8M | $69.5M | $65.0M | $52.0M | $48.7M | $53.6M | $52.1M | $47.8M | $41.8M |
| Gross profit | $176.9M | $167.6M | $154.3M | $83.5M | $72.3M | $79.8M | $78.1M | $78.0M | $64.9M | $55.0M |
| Research & development | — | — | $1.4M | $500,000 | $1.0M | $1.9M | $3.2M | $1.5M | $3.8M | $2.1M |
| Sales, general & admin | $74.8M | $114.5M | $63.0M | $44.1M | $43.7M | $41.7M | $45.2M | $55.6M | $39.1M | $41.0M |
| Total operating expenses | $162.2M | $168.5M | $154.5M | $304.5M | $137.8M | $139.0M | $142.1M | $145.9M | $116.6M | $118.4M |
| Operating income | $14.7M | −$949,000 | −$165,000 | −$221.0M | −$65.5M | −$59.2M | −$64.0M | −$47.4M | −$68.8M | −$63.7M |
| Interest income | — | — | — | — | — | — | $82.6M | $37.5M | $10.9M | $75.1M |
| Interest expense | $40.9M | $13.6M | $14.6M | $30.2M | $43.5M | $48.4M | $62.5M | $43.6M | $34.8M | $36.0M |
| Income before taxes | −$2.8M | −$61.0M | −$23.6M | −$256.8M | −$112.9M | −$109.0M | $15.9M | −$6.4M | −$88.9M | −$139.2M |
| Income taxes | $5.9M | $2.1M | $1.1M | $73,000 | −$299,000 | $662,000 | $545,000 | $125,000 | $190,000 | −$6.5M |
| Net income | −$8.7M | −$63.2M | −$24.7M | −$256.9M | −$112.6M | −$109.6M | $15.3M | −$6.5M | −$89.1M | −$132.6M |
| EBITDA | $84.6M | $88.6M | $88.4M | $37.6M | $31.0M | $38.1M | $32.9M | $22.4M | $25.8M | $14.1M |
| EPS (diluted) | −$0.01 | −$0.11 | −$0.12 | −$0.53 | −$0.72 | −$0.61 | $0.11 | −$1.90 | −$0.57 | −$1.23 |
| Gross margin | 64.8% | 66.9% | 69.0% | 56.2% | 58.2% | 62.1% | 59.3% | 60.0% | 57.6% | 56.8% |
| Operating margin | 5.4% | −0.4% | −0.1% | −148.8% | −52.7% | −46.0% | −48.6% | −36.4% | −61.1% | −65.7% |
| Net margin | −3.2% | −25.2% | −11.0% | −173.0% | −90.6% | −85.3% | 11.6% | −5.0% | −79.1% | −136.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $64.8M | $70.1M | $72.0M | $73.8M | $67.1M | $60.0M | $61.2M | $72.3M | $60.4M | $56.5M | $52.4M | $57.7M |
| Cost of revenue | $23.6M | $44.3M | $27.4M | $47.3M | $22.4M | $20.7M | $22.0M | $21.7M | $20.2M | $18.9M | $18.1M | $17.3M |
| Gross profit | $41.2M | $25.8M | $44.5M | $26.5M | $44.8M | $39.4M | $39.2M | $50.6M | $40.2M | $37.6M | $34.3M | $40.4M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $1.4M | — |
| Sales, general & admin | $25.7M | $17.5M | $24.4M | $16.3M | $15.6M | $18.5M | $29.8M | $26.9M | $19.5M | $19.9M | $28.3M | $16.4M |
| Total operating expenses | $45.9M | $17.5M | $44.8M | $16.3M | $38.6M | $47.9M | $43.4M | $41.2M | $41.6M | $42.3M | $46.3M | $38.3M |
| Operating income | −$4.8M | $8.2M | −$296,000 | $10.3M | $6.1M | −$8.5M | −$4.2M | $9.4M | −$1.4M | −$4.7M | −$12.0M | $2.0M |
| Interest expense | $20.7M | $19.8M | $14.5M | $11.0M | $7.4M | $7.9M | $3.3M | $2.9M | $3.6M | $3.8M | $3.6M | $3.9M |
| Income before taxes | −$22.6M | −$15.8M | −$9.6M | $2.2M | $17.4M | −$12.8M | −$50.0M | $11.7M | −$9.5M | −$13.2M | −$14.1M | −$6.1M |
| Income taxes | $3.9M | $1.6M | $2.0M | $1.1M | −$1.8M | $4.6M | $213,000 | $1.7M | $182,000 | $8,000 | $938,000 | $115,000 |
| Net income | −$29.2M | −$17.4M | −$11.6M | −$1.6M | $19.2M | −$17.3M | −$50.2M | $9.9M | −$9.7M | −$13.2M | −$15.1M | −$6.2M |
| EBITDA | −$5.8M | $22.4M | $10.8M | $34.9M | $47.8M | $20.8M | $18.3M | $31.9M | $16.3M | $17.7M | $16.3M | $23.9M |
| EPS (diluted) | −$0.23 | −$0.09 | −$0.06 | $0.01 | $0.13 | −$0.09 | −$0.07 | $0.06 | −$0.09 | −$0.01 | −$0.10 | −$0.01 |
| Gross margin | 63.6% | 36.8% | 61.9% | 35.9% | 66.7% | 65.6% | 64.1% | 70.0% | 66.6% | 66.5% | 65.5% | 70.0% |
| Operating margin | −7.4% | 11.8% | −0.4% | 13.9% | 9.2% | −14.2% | −6.9% | 13.0% | −2.4% | −8.3% | −22.9% | 3.5% |
| Net margin | −45.1% | −24.9% | −16.1% | −2.1% | 28.6% | −28.9% | −82.1% | 13.7% | −16.0% | −23.4% | −28.8% | −10.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GSAT's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GSAT financial results
In fiscal year 2025 (ended December 31, 2025), Globalstar reported revenue of $273.0 million, up 9.0% from the year before. It had a net loss of $8.7 million, a net profit margin of −3.2%. Diluted earnings per share came to −$0.01. Over five years revenue grew at an average rate of 16.3% a year.
See the GSAT stock overview for the latest quote and news, or the GSAT chart for price history and technical indicators.
GSAT income statement FAQ
What is Globalstar's annual revenue?
Globalstar reported total revenue of $273.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 9.0% from $250.3 million the previous year.
Is Globalstar profitable?
No. Globalstar reported a net loss of $8.7 million in fiscal 2025, a net profit margin of −3.2%; its operating margin was 5.4%.
What is Globalstar's gross margin?
Globalstar's gross margin was 64.8% in fiscal 2025: for every $100 of revenue, Globalstar kept $65 after the direct cost of its products and services.
How fast is Globalstar growing?
Revenue grew 16.3% a year on average over the last five fiscal years, from $128.5 million to $273.0 million.
What are Globalstar's earnings per share?
Globalstar earned $-0.01 per diluted share in fiscal 2025, compared with $-0.11 a year earlier.
When will Globalstar report its next earnings?
Globalstar is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Globalstar's fiscal year end?
Globalstar's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.