15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 16.3% per year over the past 5 years.
Operating margin has expanded, at 2.7% in the latest year.
Financial health
Total debt ($484M) exceeds cash ($447M); net debt is $36M.
Total debt has grown slower than revenue (4.7% vs 16.3% per year).
Total debt is 5.1× EBITDA.
Shareholder returns
Dividends have been paid for 3 consecutive years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$273M
-$9M
0.0%
2.7%
—
$484M
$447M
2024
$250M
-$63M
0.0%
-0.4%
—
$511M
$391M
2023
$224M
-$25M
0.0%
-0.1%
—
$360M
$57M
2022
$149M
-$257M
0.0%
-148.8%
—
$192M
$32M
2021
$124M
-$113M
0.0%
-52.7%
—
$238M
$14M
2020
$128M
-$110M
0.0%
-46.0%
—
$385M
$13M
2019
$132M
$15M
0.0%
-48.6%
-$2M
$464M
$8M
2018
$130M
-$7M
0.0%
-36.4%
-$1M
$463M
$15M
2017
$113M
-$89M
91.2%
-60.8%
$8M
$514M
$42M
2016
$97M
-$133M
89.8%
-65.3%
-$572000
$576M
$10M
2015
—
$72M
—
—
-$3M
$581M
$7M
2014
—
-$463M
—
—
$704000
$630M
$7M
2013
—
-$591M
—
—
-$8M
$669M
$17M
2012
—
-$112M
—
—
$6M
$751M
$12M
2011
—
-$55M
—
—
-$8M
$724M
$10M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$70M
-$17M
0.0%
11.7%
—
$475M
$358M
Dec '25
$72M
-$12M
0.0%
-0.5%
—
$484M
$447M
Sep '25
$74M
$1M
0.0%
13.8%
—
$509M
$346M
Jun '25
$67M
$19M
0.0%
9.2%
—
$492M
$308M
Mar '25
$60M
-$17M
0.0%
-14.2%
—
$503M
$241M
Dec '24
$61M
-$50M
0.0%
-6.9%
—
$511M
$391M
Sep '24
$72M
$10M
0.0%
13.0%
—
$394M
$52M
Jun '24
$60M
-$10M
0.0%
-2.4%
—
$393M
$64M
Mar '24
$56M
-$13M
0.0%
-8.3%
—
$399M
$59M
Dec '23
$52M
-$15M
0.0%
-22.9%
—
$360M
$57M
Sep '23
$58M
-$6M
0.0%
3.5%
—
$339M
$64M
Jun '23
$55M
$9000
0.0%
4.8%
—
$337M
$65M
Mar '23
$59M
-$3M
0.0%
12.3%
—
$182M
$20M
Dec '22
$41M
-$5M
0.0%
-22.6%
—
$192M
$32M
Sep '22
$38M
-$204M
0.0%
-496.0%
—
$326M
$15M
Jun '22
$37M
-$27M
0.0%
-30.9%
—
$257M
$13M
Mar '22
$33M
-$20M
0.0%
-41.8%
—
$247M
$12M
Dec '21
$34M
-$24M
0.0%
-45.0%
—
$238M
$14M
Sep '21
$33M
-$31M
0.0%
-45.1%
—
$287M
$11M
Jun '21
$30M
-$21M
0.0%
-52.9%
—
$313M
$16M
Valuation over time
How the market has priced GSAT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 1.0× (Mar '23) to 37.6× (Jun '26).
The dividend yield has fallen from 5.8% (Jan '24) to 0.1% (Jun '26).
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is GSAT growing its revenue and profit?
Over the past 5 years, Globalstar, Inc.'s revenue has grown 16.3% per year. These are computed facts, not advice.
How much debt does GSAT have?
As of FY2025, Globalstar, Inc. reported $484M of total debt against $447M of cash.
What is GSAT's profit margin?
In FY2025, gross margin was —, operating margin 2.7%, and net margin -3.2%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.