NASDAQ

Globalstar, Inc. (GSAT)

Communications Services, NEC

Public float
$1.1B

as of Jun 30, 2025

Shares outstanding

Business

Through its global satellite network, Globalstar, Inc. (“we,” “us” or the “Company”) provides Mobile Satellite Services (“MSS”), including voice and data communications services to retail, business and governmental customers as well as wholesale satellite capacity services. We offer these services over our network of in-orbit satellites and ground stations (“gateways”) pursuant to our spectrum licenses, which we refer to collectively as the Globalstar System. In addition to supporting Internet of Things ("IoT") data transmissions in a variety of applications, we provide reliable connectivity in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters. By providing global mobile satellite communications services, we aim to meet our customers' increasing desire for connectivity. Our competitive advantages are leveraged through our ability to deliver communications products and services, wholesale satellite capacity services, government services, and terrestrial spectrum and network solutions. These core competencies are outlined below. We compete aggressively

From the company’s Form 10-K filed Feb 27, 2026.

Company data reported to the SEC on EDGAR (CIK 1366868).

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As filed with the SEC (10-K), annual, the latest 2 fiscal years.

Line itemFY2024Dec 31, 2024FY2025Dec 31, 2025
Total revenue250.35M272.99M
Cost of goods and services82.45M96.09M
Cost of subscriber equipment sales - reduction in the value of inventory327.0K0
Marketing, general and administrative43.43M51.43M
Stock-based compensation35.55M23.41M
Reduction in the value and disposal of long-lived assets556.0K7.23M
Depreciation, amortization and accretion88.99M87.40M
Total operating expenses251.30M265.56M
Income (loss) from operations−949.0K7.43M
Loss on extinguishment of debt−27.38M0
Loss on equity issuance00
Interest income and expense, net of amounts capitalized−13.56M−40.92M
Foreign currency gain (loss)−16.61M15.75M
Derivative gain (loss) and other income (expense)−2.53M14.97M
Total other expense−60.08M−10.20M
Loss before income taxes−61.03M−2.77M
Income tax expense2.13M5.88M
Net loss−63.16M−8.65M
Net loss attributable to common shareholders (Note 14)−73.80M−19.26M
Basic (in dollars per share)−0.59−0.15
Diluted (in dollars per share)−0.59−0.15
Basic (in shares)125.88M126.76M
Diluted (in shares)125.88M126.76M

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