# Globalstar, Inc. (GSAT)

> Source: Nexqual · https://nexqual.com/GSAT · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, Globalstar, Inc. (GSAT), nexqual.com/GSAT" · informational, not investment advice.

**Price:** USD 83.53 (-0.64% on the day) · last close of Oct 29, 2026; US market after hours, not a live price. Prev close 84.07 · day 82.77–83.92 · 52w 41.26–84.85 · market cap $10.8B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $281M, net income -$54.5M (-19.4% margin) (SEC filings).
- Analysts: Hold (mean 2.67 on a 1–5 scale) (3 analysts), mean target USD 90 (range 90–90).
- Total return with dividends: 1Y +64.5% vs S&P 500 +14.4%; 5Y +237.5% vs S&P 500 +79.1%.
- Next earnings: 2026-11-05, EPS estimate USD -0.01, revenue estimate $74.8M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $124M | $149M | $224M | $250M | $273M | $281M |
| Operating income | -$65.5M | -$221M | -$165K | -$949K | $7.4M | $13.2M |
| Net income | -$113M | -$257M | -$24.7M | -$63.2M | -$8.7M | -$54.5M |
| EPS (diluted) | -$0.90 | -$2.15 | -$0.29 | -$0.59 | -$0.15 | — |
| Operating margin | -52.7% | -148.8% | -0.1% | -0.4% | 2.7% | 4.7% |
| Net margin | -90.6% | -173.0% | -11.0% | -25.2% | -3.2% | -19.4% |
| Revenue growth | -3.3% | +19.5% | +50.7% | +11.9% | +9.0% | — |
| Cash + short-term investments | $14.3M | $32.1M | $56.7M | $391M | $447M | — |
| Total debt | $238M | $192M | $360M | $511M | $484M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 38.6x · EV/EBITDA 119.0x · EV/Sales 38.4x · P/B 37.0x · Earnings yield -0.50% · Dividend yield (paid, TTM) 0.10% · Net cash $51.0M · EV $10.8B

## Analysts
Consensus Hold (mean 2.67 on a 1–5 scale), 3 analysts; mean target USD 90 (low 90, high 90).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-30) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +64.5% | +237.5% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | +64.8% | +27.5% |
| Volatility (annualized) | 52.0% | 60.9% |
| Max drawdown | -26.5% (Dec 2025→Feb 2026) | -55.4% (Aug 2022→Apr 2023) |

## Peers (Telecom Services)
TIGO (Millicom International Cellular) USD 79.9 +0.30% · TU (Telus Corporation) USD 8.67 +1.40% · CHTR (Charter Communications, Inc.) USD 109 +3.43% · RCI (Rogers Communication, Inc.) USD 31.47 +0.54% · VIV (Telefonica Brasil S.A.) USD 11.44 +0.18% · BCE (BCE, Inc.) USD 20.06 +0.20%

## More
Full page: https://nexqual.com/GSAT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Company outlook (8-K filed 2026-08-06)

- "Globalstar is expanding its international network of ground stations in order to support its third-generation C-3 satellite system with active construction projects in multiple countries across North and South America as well as Europe and Asia."
- "CONTINUED SUSPENSION OF FINANCIAL OUTLOOK AND CONFERENCE CALLS In connection with the pending transaction with Amazon, Globalstar does not intend to hold future earnings conference calls or provide updates to forward-looking guidance. 4 About Globalstar, Inc."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.01 | $-0.07 | +$0.06 | $74.8M | 2 |
| Next quarter (ends 2026-12-31) | $-0.12 | $-0.06 | −$0.06 | $76.2M | 1 |
| Current fiscal year (ends 2026-12-31) | $0.49 | $0.49 | +0.0% | $289.4M | 1 |
| Next fiscal year (ends 2027-12-31) | $0.25 | $0.31 | -19.6% | $349.1M | 2 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | −$0.16 | −$0.09 | Miss −77.8% | — |
| — | Quarter ended Mar 31, 2026 | −$0.09 | −$0.01 | Miss −$0.08 | — |
| — | Quarter ended Dec 31, 2025 | −$0.06 | $0.01 | Miss −$0.07 | — |
| — | Quarter ended Sep 30, 2025 | $0.01 | −$0.03 | Beat +$0.04 | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-08-06 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1366868/000136686826000039/0001366868-26-000039-index.htm |
| 2026-08-06 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1366868/000136686826000037/0001366868-26-000037-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.