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
$60.0M
Gross Profit
N/A
Operating Profit
$-8.5M
Net Profit
$-17.3M
Gross Margin
N/A
Operating Margin
-14.2%
Net Margin
-28.9%
YoY Growth
6.3%
EPS
$-0.16
Globalstar, Inc. Q1 FY2025 Financial Summary
Globalstar, Inc. reported revenue of $60.0M (up 6.3% YoY) for Q1 FY2025, with a net profit of $-17.3M (down 31.3% YoY) (-28.9% margin).
Key Financial Metrics
| Total Revenue | $60.0M |
|---|---|
| Net Profit | $-17.3M |
| Gross Margin | N/A |
| Operating Margin | -14.2% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Globalstar, Inc. Q1 FY2025 revenue of $60.0M breaks down across 2 segments, led by Services at $57.1M (95.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Services | $57.1M | 95.1% |
| Services Duplex | $3.5M | 5.8% |
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 and Services Duplex) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Services | $67.4M | — | — | $57.1M |
| Services Duplex | — | $4.7M | $3.7M | $3.5M |
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 |