Globalstar, Inc.GSATEarnings & Financial Report
Globalstar, Inc. is an American telecommunications company that operates a satellite constellation in low Earth orbit (LEO) for satellite phone, low-speed data transmission and Earth observation. The Globalstar second-generation constellation consists of 25 satellites.
Revenue
$60.4M
Gross Profit
N/A
Operating Profit
$-1.4M
Net Profit
$-9.7M
Gross Margin
N/A
Operating Margin
-2.4%
Net Margin
-16.0%
YoY Growth
9.6%
EPS
$-0.01
Globalstar, Inc. Q2 FY2024 Financial Summary
Globalstar, Inc. reported revenue of $60.4M (up 9.6% YoY) for Q2 FY2024, with a net profit of $-9.7M (down 107688.9% YoY) (-16.0% margin).
Key Financial Metrics
| Total Revenue | $60.4M |
|---|---|
| Net Profit | $-9.7M |
| Gross Margin | N/A |
| Operating Margin | -2.4% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Globalstar, Inc. Q2 FY2024 revenue of $60.4M breaks down across 5 segments, led by Services Wholesale Capacity at $34.7M (57.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Services Wholesale Capacity | $34.7M | 57.5% |
| Services SPOT | $10.4M | 17.2% |
| Commerciallo T | $6.7M | 11.1% |
| Services Duplex | $5.0M | 8.2% |
| Products | $2.8M | 4.6% |
Globalstar, Inc. Revenue by Segment — Quarterly Trend
Globalstar, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Services Wholesale Capacity and Services SPOT) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Services Wholesale Capacity | — | $47.3M | $42.4M | — |
| Services SPOT | — | $9.5M | $9.2M | — |
| Commerciallo T | — | $6.9M | $7.1M | — |
| Services Duplex | — | $4.7M | $3.7M | $3.5M |
| Products | $4.6M | $4.2M | — | — |
Globalstar, Inc. Annual Revenue by Year
Globalstar, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $273.0M).
| Year | Annual Revenue |
|---|---|
| 2025 | $273.0M |
| 2024 | $250.3M |
| 2023 | $223.8M |
| 2022 | $148.5M |
Globalstar, Inc. Quarterly Revenue & Net Profit History
Globalstar, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $72.0M | +17.6% | $-11.6M | -16.1% |
| Q3 FY2025 | $73.8M | +2.1% | $1.1M | 1.5% |
| Q2 FY2025 | $67.1M | +11.2% | $19.2M | 28.6% |
| Q1 FY2025 | $60.0M | +6.3% | $-17.3M | -28.9% |
| Q4 FY2024 | $61.2M | +16.7% | $-50.2M | -82.1% |
| Q3 FY2024 | $72.3M | +25.4% | $9.9M | 13.7% |
| Q2 FY2024 | $60.4M | +9.6% | $-9.7M | -16.0% |
| Q1 FY2024 | $56.5M | -3.7% | $-13.2M | -23.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $56.5M | $60.4M | $72.3M | $61.2M | $60.0M | $67.1M | $73.8M | $72.0M |
| YoY Growth | -3.7% | 9.6% | 25.4% | 16.7% | 6.3% | 11.2% | 2.1% | 17.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $917.0M | $926.2M | $917.6M | $1.71B | $1.73B | $1.91B | $2.16B | $2.33B |
| Liabilities | $540.0M | $543.3M | $523.5M | $1.35B | $1.38B | $1.55B | $1.80B | $1.97B |
| Equity | $377.1M | $383.0M | $394.1M | $358.9M | $344.3M | $360.9M | $364.8M | $355.7M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $29.8M | $36.7M | $32.0M | $340.7M | $51.9M | $157.9M | $236.0M | $175.9M |