GSAT Communication Services

Globalstar, Inc.

$83.77+1.00%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Communication Services
Industry: Telecom Services
Country: United States
Market cap: 10.9B USD
Enterprise value: 10.6B USD
Full-time employees: 477

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.45 vs a peer median of 0.65) and more debt relative to equity (1.23× vs a peer median of 0.37×)higher risk: bigger price swings (beta 1.45 vs peers 0.65) and more debt vs equity (1.23× vs peers 0.37×)
About average: growth

Ranks #381 of 454 communication services companies (bottom 17%)

See how it ranks against its peers

Worth knowing

Operating margin at a 6-year high. 2.7% in 2025, the best of the last 6 years.
Globalstar kept 2.7% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.
Not profitable yet. Reported a loss in the 12 months to June 2026.
Globalstar reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
More volatile share price. Beta 1.45: tends to move more than the market.
Globalstar's shares have swung more with the market than most peers' (beta 1.45, above the market's 1.0).

StockQuotient Score

31/ 100

Oct 5 30 → Nov 4 31 (+1)

Valuation

Is the price right?

19/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-0.5%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0294 · MAD: 0.0294

EBITDA yield0.8%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -1.19Sector median: 0.0857 · MAD: 0.0649

Free cash flow yield4.9%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score -0.43Sector median: 0.0740 · MAD: 0.0593

Other data (not scored)

Book yield2.7%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.4780 · MAD: 0.3375

Growth

Is it growing?

57/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ 3-yr revenue
▲ Revenue growth
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.22Sector median: 0.0878 · MAD: 0.3126

3-year revenue growth13.4%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 1.51Sector median: 0.0303 · MAD: 0.0683

Revenue growth7.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.65Sector median: 0.0299 · MAD: 0.0720

Profitability

Does it earn well?

28/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Operating margin fell 3.8 points to 4.7%

Why

Weaker than most peers on:

▼ ROA
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin4.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.44Sector median: 0.0818 · MAD: 0.0789

Return on assets-2.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.52Sector median: 0.0272 · MAD: 0.0318

Return on invested capital4.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.24Sector median: 0.0598 · MAD: 0.0706

Other data (not scored)

Gross margin62.2%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.4656 · MAD: 0.1827

Return on equity-17.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0529 · MAD: 0.1007

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Debt down 24%

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.45

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.77Sector median: 0.6525 · MAD: 0.2880

Current ratio1.55×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.23Sector median: 1.3848 · MAD: 0.6948

Debt / equity1.23×

SEC filings · latest balance sheetReported value33% base weight · Z-score -2.57Sector median: 0.3697 · MAD: 0.3335

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Globalstar

Is Globalstar getting weaker?: Its latest SEC filing (Aug 6, 2026) was mixed: some things better, some worse: operating margin fell 3.8 points to 4.7%; debt down 24%. Its overall score is unchanged at 31/100 since Oct 28, 2026.
How is Globalstar valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 19/100 against 512 communication services peers. Earnings yield -0.5% vs a peer median of 2.9% (weaker than 100% of peers).Earnings yield -0.5% vs peers 2.9% (weaker than 100% of peers).
Is Globalstar growing?: At about the same pace as its peers. Growth scores 57/100 against 512 communication services peers. 3-year revenue growth 13.4% vs a peer median of 3.0% (stronger than 81% of peers).3-year revenue growth 13.4% vs peers 3.0% (stronger than 81% of peers).
How profitable is Globalstar?: Less profitable than most of its peers. Profitability scores 28/100 against 512 communication services peers. Return on assets -2.1% vs a peer median of 2.7% (weaker than 84% of peers).Return on assets -2.1% vs peers 2.7% (weaker than 84% of peers).
How risky is Globalstar?: Higher risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Beta 1.45 vs a peer median of 0.65 (weaker than 92% of peers).Beta 1.45 vs peers 0.65 (weaker than 92% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

Mixed: some things better, some worse

Operating margin fell 3.8 points to 4.7%
Debt down 24%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	283.0M USD	280.6M USD	−0.8%
Net income (12 months)	−8.7M USD	−51.9M USD	+493.6%
Operating margin	8.5%	4.7%	−3.8 pts
Debt	474.6M USD	358.8M USD	−24.4%
Cash	358.4M USD	409.8M USD	+14.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Communication Services · 67 companies

Valuations in Communication Services are within their usual range since 2016.

46% of months since 2016 were valued lower than now.
22% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +13% and earnings +11% (medians): earnings grew faster than prices.
Median price-to-sales is −6% vs the whole market, against a usual −7%.

2016Shaded: most expensive fifth of its range2026

Shown for Communication Services: too few Telecom Services companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	-52.7%	-148.8%	-0.1%	-0.4%	2.7%	▲ 3.1 pts
Net margin	-90.6%	-173.0%	-11.0%	-25.2%	-3.2%	▲ 22 pts
Return on assets (ROA)	-13.8%	-34.8%	-2.7%	-3.7%	-0.4%	▲ 3.3 pts
Return on equity (ROE)	-30.8%	-81.6%	-6.5%	-17.6%	-2.4%	▲ 15 pts
Current ratio	1.12×	0.41×	0.81×	3.16×	2.42×	▼ 24%
Quick ratio	0.89×	0.37×	0.73×	3.09×	2.37×	▼ 23%
Debt to equity	0.65×	0.61×	0.95×	1.43×	1.36×	▼ 4.6%

GSAT price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.45 vs a peer median of 0.65) and more debt relative to equity (1.23× vs a peer median of 0.37×)higher risk: bigger price swings (beta 1.45 vs peers 0.65) and more debt vs equity (1.23× vs peers 0.37×)

About average: growth

Ranks #381 of 454 communication services companies (bottom 17%)

See how it ranks against its peers

Worth knowing

Operating margin at a 6-year high. 2.7% in 2025, the best of the last 6 years.

Globalstar kept 2.7% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.

Not profitable yet. Reported a loss in the 12 months to June 2026.

Globalstar reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

More volatile share price. Beta 1.45: tends to move more than the market.

Globalstar's shares have swung more with the market than most peers' (beta 1.45, above the market's 1.0).

Questions investors ask about Globalstar

Is Globalstar getting weaker?

Its latest SEC filing (Aug 6, 2026) was mixed: some things better, some worse: operating margin fell 3.8 points to 4.7%; debt down 24%. Its overall score is unchanged at 31/100 since Oct 28, 2026.

How is Globalstar valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 19/100 against 512 communication services peers. Earnings yield -0.5% vs a peer median of 2.9% (weaker than 100% of peers).Earnings yield -0.5% vs peers 2.9% (weaker than 100% of peers).

Is Globalstar growing?

At about the same pace as its peers. Growth scores 57/100 against 512 communication services peers. 3-year revenue growth 13.4% vs a peer median of 3.0% (stronger than 81% of peers).3-year revenue growth 13.4% vs peers 3.0% (stronger than 81% of peers).

How profitable is Globalstar?

Less profitable than most of its peers. Profitability scores 28/100 against 512 communication services peers. Return on assets -2.1% vs a peer median of 2.7% (weaker than 84% of peers).Return on assets -2.1% vs peers 2.7% (weaker than 84% of peers).

How risky is Globalstar?

Higher risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Beta 1.45 vs a peer median of 0.65 (weaker than 92% of peers).Beta 1.45 vs peers 0.65 (weaker than 92% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

283.0M USD

280.6M USD

−0.8%

Net income (12 months)

−8.7M USD

−51.9M USD

+493.6%

Operating margin

8.5%

4.7%

−3.8 pts

Debt

474.6M USD

358.8M USD

−24.4%

Cash

358.4M USD

409.8M USD

+14.3%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

-52.7%

-148.8%

-0.1%

-0.4%

2.7%

▲ 3.1 pts

Net margin

-90.6%

-173.0%

-11.0%

-25.2%

-3.2%

▲ 22 pts

Return on assets (ROA)

-13.8%

-34.8%

-2.7%

-3.7%

-0.4%

▲ 3.3 pts

Return on equity (ROE)

-30.8%

-81.6%

-6.5%

-17.6%

-2.4%

▲ 15 pts

Current ratio

1.12×

0.41×

0.81×

3.16×

2.42×

▼ 24%

Quick ratio

0.89×

0.37×

0.73×

3.09×

2.37×

▼ 23%

Debt to equity

0.65×

0.61×

0.95×

1.43×

1.36×

▼ 4.6%