Globalstar Inc (GSAT)
NASDAQ:GSAT
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Globalstar
(NASDAQ:GSAT)
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Rating:60Neutral
Price Target:
$87.00
▲(8.72% Upside)
Action:Reiterated
Date:06/06/26
The score is driven primarily by improving but still mixed fundamentals (growth and strong operating cash flow offset by losses, margin compression, leverage, and volatile free cash flow). Technicals are supportive with price strength and positive momentum. Valuation remains a notable drag due to the loss-making profile, while the proposed Amazon acquisition is a meaningful positive corporate catalyst.
Positive Factors
Operating cash generation
Operating cash generation stepped up materially to $621.7M in 2025 and $605.0M TTM. This durable cash flow improves debt servicing capacity, funds capex and constellation upgrades, and provides financial flexibility to execute longer-term network expansion or integration plans.
Negative Factors
Elevated leverage
Leverage near 1.5x debt-to-equity increases sensitivity to earnings volatility and refinancing conditions for a company still transitioning to consistent profitability. Elevated debt constrains flexibility for spectrum monetization, capex pacing, and limits resilience to adverse industry shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash generation
Operating cash generation stepped up materially to $621.7M in 2025 and $605.0M TTM. This durable cash flow improves debt servicing capacity, funds capex and constellation upgrades, and provides financial flexibility to execute longer-term network expansion or integration plans.
Read all positive factors
Globalstar (GSAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.34B
Dividend YieldN/A
Average Volume (3M)1.27M
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue Growth11.47%
EPS Growth75.70%
CountryUS
Employees389
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-0.15
Shares Outstanding128,788,930
10 Day Avg. Volume1,342,245
30 Day Avg. Volume1,273,922
Financial Highlights & Ratios
PEG Ratio11.99
Price to Book (P/B)21.75
Price to Sales (P/S)28.34
P/FCF Ratio100.76
Enterprise Value/Market Cap1.07
Enterprise Value/Revenue38.92
Enterprise Value/Gross Profit77.79
Enterprise Value/Ebitda95.01
Forecast
1Y Price Target
$90.00Price Target Upside12.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.11
Revenue Forecast (FY)$292.48M
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 makes money primarily by selling access to its satellite network and associated services. Key revenue streams include: (1) Service revenue from subscription and usage fees for mobile satellite voice and data plans delivered through Glob...
Globalstar Earnings Call Summary
Earnings Call Date:Feb 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 30, 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
56
Neutral
Balance Sheet
45
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 283.02M | 272.99M | 250.35M | 223.81M | 148.50M | 124.30M |
| Gross Profit | 141.61M | 176.90M | 167.57M | 154.34M | 83.48M | 72.33M |
| EBITDA | 115.95M | 84.63M | 88.59M | 88.39M | 37.58M | 30.98M |
| Net Income | -11.41M | -8.65M | -63.16M | -24.72M | -256.92M | -112.63M |
Balance Sheet | ||||||
| Total Assets | 2.38B | 2.33B | 1.71B | 924.31M | 833.39M | 814.11M |
| Cash, Cash Equivalents and Short-Term Investments | 358.45M | 447.47M | 391.16M | 56.74M | 32.08M | 14.30M |
| Total Debt | 528.88M | 546.34M | 541.93M | 392.55M | 222.07M | 269.67M |
| Total Liabilities | 2.03B | 1.97B | 1.35B | 545.33M | 518.62M | 448.68M |
| Stockholders Equity | 342.82M | 355.73M | 358.88M | 378.98M | 314.77M | 365.43M |
Cash Flow | ||||||
| Free Cash Flow | -70.05M | 76.79M | 320.29M | -92.46M | 23.85M | 86.34M |
| Operating Cash Flow | 605.01M | 621.65M | 439.19M | 74.34M | 63.80M | 131.88M |
| Investing Cash Flow | -476.23M | -550.38M | -260.57M | -175.61M | -39.95M | -45.19M |
| Financing Cash Flow | -12.81M | -16.18M | 157.18M | 125.79M | -6.05M | -140.28M |
Globalstar Technical Analysis
Positive
80.02
Price Trends
80.49
Positive
70.55
Positive
60.50
Positive
Market Momentum
0.32
Positive
48.68
Neutral
21.46
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 80.02 is below the 20-day moving average (MA) of 82.34, below the 50-day MA of 80.49, and above the 200-day MA of 60.50, indicating a neutral trend. The MACD of 0.32 indicates Positive momentum. The RSI at 48.68 is Neutral, neither overbought nor oversold. The STOCH value of 21.46 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $4.82B | 45.70 | 22.76% | 3.30% | 4.05% | -6.99% | |
71 Outperform | $7.15B | 27.15 | 5.46% | 0.40% | 61.86% | -115.00% | |
63 Neutral | $3.50B | 6.60 | 38.73% | ― | 12.63% | 19.58% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $10.34B | ― | -3.21% | ― | 11.47% | 75.70% | |
57 Neutral | $4.26B | 34.75 | 2.69% | 0.39% | -56.04% | ― | |
45 Neutral | $748.16M | -4.21 | 422.83% | 13.93% | -4.83% | 11.31% |
* Communication Services Sector Average
GSAT
Globalstar
81.11
58.92
265.53%
CCOI
Cogent Comms
14.94
-31.61
-67.90%
IRDM
Iridium Communications
49.91
21.47
75.49%
TEO
Telecom Argentina
15.98
6.40
66.77%
TDS
Telephone & Data Systems
40.03
5.89
17.27%
VEON
VEON
50.49
3.49
7.43%
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 ...
Business Operations and StrategyM&A Transactions
Amazon to Acquire Globalstar to Bolster Satellite Network
Positive
Apr 14, 2026
On April 13 and 14, 2026, Amazon and Globalstar announced a definitive agreement under which Amazon will acquire Globalstar through a two-step merger that will leave the satellite operator as a wholly owned Amazon subsidiary. Globalstar shareholde...
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.