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Globalstar
(NASDAQ:GSAT)
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Rating:58Neutral
Price Target:
$87.00
▲(10.22% Upside)
Action:Reiterated
Date:08/07/26
The score is driven primarily by mixed financial performance: strong cash generation and positive free cash flow offset persistent net losses and a TTM slowdown in revenue/margins. Technicals add support with price above key moving averages and positive momentum. Valuation remains a key drag due to the deeply negative P/E and no dividend yield, while the noted corporate event is mildly supportive but not a major fundamental catalyst.
Positive Factors
Strong cash generation
Operating cash flow and positive free cash flow are a durable strength, providing internal capital to fund network investments, sustain operations, and support strategic initiatives without immediate equity raises. High cash coverage versus net income improves flexibility amid cyclical pressures.
Negative Factors
Persistent net losses
Consistent net losses and deeply negative margins erode retained earnings and shareholder equity, limiting funding from internal profits. Over months this constrains strategic optionality, increases reliance on external financing, and depresses return metrics despite strong cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Operating cash flow and positive free cash flow are a durable strength, providing internal capital to fund network investments, sustain operations, and support strategic initiatives without immediate equity raises. High cash coverage versus net income improves flexibility amid cyclical pressures.
Read all positive factors
Globalstar (GSAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.78B
Dividend YieldN/A
Average Volume (3M)1.31M
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue Growth7.66%
EPS Growth-30.55%
CountryUS
Employees477
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-0.51
Shares Outstanding129,563,390
10 Day Avg. Volume1,009,409
30 Day Avg. Volume1,310,590
Financial Highlights & Ratios
PEG Ratio5.46
Price to Book (P/B)21.75
Price to Sales (P/S)28.34
P/FCF Ratio15.07
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.52
Revenue Forecast (FY)$292.41M
Globalstar Business Overview & Revenue Model
Company Description
Globalstar, Inc. operates globally, delivering a range of mobile satellite communication solutions. Its offerings encompass two-way voice and data satellite communication, available for both mobile and fixed applications. This includes providing c...
How the Company Makes Money
Globalstar primarily generates revenue by selling satellite connectivity and related products/services that use its satellite network. Key revenue streams include: (1) Service revenue from providing satellite airtime/connectivity plans for data an...
Globalstar Earnings Call Summary
Earnings Call Date:Feb 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call communicated clear operational and financial progress: record revenue, a record adjusted EBITDA and 50% margin, improved operating income, strong cash position and growth in IoT hardware and subscribers. Strategic milestones (two-way IoT commercial rollout, partnerships with Parsons and Boingo, SBIR involvement, and expanded ground infrastructure) underpin a confident 2026 outlook with revenue guidance of $280M–$305M and continued 50% adjusted EBITDA margin. Offsetting these positives are elevated near-term operating expenses and advance investments (notably XCOM RAN), a remaining GAAP net loss, a tariff-related Q4 charge, subscriber churn in some product lines, large capex and ITU commitments, and two-way IoT revenues that are not yet material. Overall, highlights materially outweigh the lowlights, though execution and capitalization risks remain due to substantial ongoing investments.Positive Updates
Record Full-Year Revenue
Total revenue of $273,000,000 for FY2025, a 9% increase year-over-year and the fourth consecutive year of record revenue.
Negative Updates
Net Loss Remains Despite Improvement
Net loss of $7,600,000 in 2025 improved from $63,200,000 in 2024 but remains a GAAP loss; Q4 net loss was $10,600,000.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Full-Year Revenue
Total revenue of $273,000,000 for FY2025, a 9% increase year-over-year and the fourth consecutive year of record revenue.
Read all positive updates
Company Guidance
Globalstar guided 2026 total revenue of $280–305 million with an adjusted EBITDA margin of approximately 50%, reflecting confidence in scaling next‑generation infrastructure and commercial opportunities; that outlook is anchored by 2025 results including record revenue of $273.0M (+9% YoY), adjusted EBITDA of $136.1M (50% margin), Q4 revenue of $72.0M (service $67.4M; equipment $4.6M), full‑year service revenue $257.3M (+8%), equipment revenue $15.7M (+24%), cash & cash equivalents $447.5M, operating cash flow $621.7M (including $430.6M infrastructure prepayment), capex $550.4M, adjusted free cash flow $171.5M, principal debt $410.0M, IoT hardware revenue +50% YoY, and average commercial IoT subscribers +6% YoY.Globalstar Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
52
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 280.64M | 272.99M | 250.35M | 223.81M | 148.50M | 124.30M |
| Gross Profit | 138.00M | 176.90M | 167.57M | 154.34M | 83.48M | 72.33M |
| EBITDA | 62.30M | 84.63M | 88.59M | 88.39M | 37.58M | 30.98M |
| Net Income | -59.80M | -8.65M | -63.16M | -24.72M | -256.92M | -112.63M |
Balance Sheet | ||||||
| Total Assets | 2.44B | 2.33B | 1.71B | 924.31M | 833.39M | 814.11M |
| Cash, Cash Equivalents and Short-Term Investments | 409.77M | 447.47M | 391.16M | 56.74M | 32.08M | 14.30M |
| Total Debt | 411.80M | 546.34M | 541.93M | 392.55M | 222.07M | 269.67M |
| Total Liabilities | 2.15B | 1.97B | 1.35B | 545.33M | 518.62M | 448.68M |
| Stockholders Equity | 292.61M | 355.73M | 358.88M | 378.98M | 314.77M | 365.43M |
Cash Flow | ||||||
| Free Cash Flow | 181.78M | 513.56M | 320.29M | -92.46M | 24.49M | 86.34M |
| Operating Cash Flow | 571.68M | 621.65M | 439.19M | 74.34M | 63.80M | 131.88M |
| Investing Cash Flow | -486.92M | -550.38M | -260.57M | -175.61M | -39.95M | -45.19M |
| Financing Cash Flow | 16.41M | -16.18M | 157.18M | 125.79M | -6.05M | -140.28M |
Globalstar Technical Analysis
Positive
78.93
Price Trends
80.89
Positive
79.41
Positive
69.84
Positive
Market Momentum
0.86
Negative
56.64
Neutral
47.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GSAT, the sentiment is Positive. The current price of 78.93 is below the 20-day moving average (MA) of 81.39, below the 50-day MA of 80.89, and above the 200-day MA of 69.84, indicating a bullish trend. The MACD of 0.86 indicates Negative momentum. The RSI at 56.64 is Neutral, neither overbought nor oversold. The STOCH value of 47.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GSAT.
Globalstar Risk Analysis
Globalstar disclosed 38 risk factors in its most recent earnings report. Globalstar reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Globalstar Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $5.26B | 56.57 | 20.12% | 1.31% | 3.10% | -12.30% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $10.78B | -161.19 | -17.64% | ― | 7.66% | -30.55% | |
58 Neutral | $1.03B | -2.38 | -20.72% | ― | ― | ― | |
51 Neutral | $28.84B | -33.11 | -32.33% | ― | 2256.89% | -12.66% | |
48 Neutral | $383.49M | -421.21 | -0.76% | ― | 30.03% | -113.24% | |
44 Neutral | $26.87B | -4.61 | -69.71% | ― | -5.17% | -1670.60% |
* Communication Services Sector Average
GSAT
Globalstar
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55.90
209.28%
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71.52
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48.75%
GLIBA
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-7.59
-22.01%
Globalstar Corporate Events
Executive/Board ChangesShareholder Meetings
Globalstar Shareholders Back Directors, Auditor and Executive Pay
Positive
May 15, 2026
Globalstar, Inc. reported the results of its 2026 annual meeting of stockholders held on May 13, 2026, where shareholders elected James F. Lynch and Timothy E. Taylor as Class B directors to serve until the 2029 annual meeting, with both nominees ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.