Globalstar, Inc. (GSAT)

83 0.31 (0.37%)

As of 2026-05-22 14:59:41 EST

Globalstar, Inc. is an American telecommunications company that operates a satellite constellation in low Earth orbit (LEO) for satellite phone, low-speed data transmission and Earth observation. The Globalstar second-generation constellation consists of 25 satellites. In April 2026, Amazon announced an agreement to acquire Globalstar and merge it into its Amazon Leo business unit with the acquisition intended to close in 2027.

Traded asNasdaq: GSAT
ISINUS3789735079
CIK0001366868
LEI549300NEX8I0MSOW0R64
EIN412116508
SectorTelecommunications
IndustryCommunications Services, NEC
CEOPaul E. Jacobs
Employees—
Fiscal Year End1231
Address1351 HOLIDAY SQUARE BLVD.,, COVINGTON,, LA, 70433
Phone408-933-4000
Websitehttp://globalstar.com
Stock Quotes
trading_symbolregistrant_nametimepricechangepercentage_change
GSATGlobalstar, Inc.2026-05-22 14:59:41830.310.37
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Company Information
trading_symbolcentral_index_keyregistrant_nameisin_numberlei_numberein_numberexchangesic_codesic_descriptionfiscal_year_endstate_of_incorporationaddress_streetaddress_cityaddress_stateaddress_zip_codeaddress_countryaddress_country_codephone_numbermailing_addressbusiness_addressformer_nameindustryfounding_datechief_executive_officernumber_of_employeeswebsitemarket_capshares_issuedshares_outstandingdescriptionupdate_time
GSAT0001366868Globalstar, Inc.US3789735079549300NEX8I0MSOW0R64412116508Nasdaq4899Communications Services, NEC1231DE1351 HOLIDAY SQUARE BLVD.,COVINGTON,LA70433UNITED STATESUS408-933-40001351 HOLIDAY SQUARE BLVD.,, COVINGTON,, LA, 704331351 HOLIDAY SQUARE BLVD.,, COVINGTON,, LA, 70433—Telecommunications1991-03-24Paul E. Jacobs—http://globalstar.com1,100,000,000——Globalstar, Inc. is an American telecommunications company that operates a satellite constellation in low Earth orbit (LEO) for satellite phone, low-speed data transmission and Earth observation. The Globalstar second-generation constellation consists of 25 satellites. In April 2026, Amazon announced an agreement to acquire Globalstar and merge it into its Amazon Leo business unit with the acquisition intended to close in 2027.2026-05-21 15:57:02
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GSAT Stock Price (End-of-Day)
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GSAT Stock Price (1-Minute)
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Market Cap
Fiscal YearMarket CapChange In Market CapPercentage Change In Market CapShares OutstandingChange In Shares OutstandingPercentage Change In Shares Outstanding
20251,100,000,000300,000,00037.5———
2024800,000,000100,000,00014.2857———
2023700,000,000-100,000,000-12.5———
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Executive Compensation
Executive NameExecutive PositionFiscal YearSalaryBonusStock AwardsIncentive Plan CompensationOther CompensationTotal Compensation
L. Barbee PonderVice President, General Counsel2024326,64110,000362,789—5,663705,093
Rebecca S. ClaryChief Financial Officer, Vice President2024330,41495,000280,000—10,766716,180
Dr. Paul E. JacobsChief Executive Officer2024500,000200,000300,000—9,4451,009,445
David B. KaganChief Executive Officer2023345,33801,131,681—80,1961,557,215
Rebecca S. ClaryChief Financial Officer, Vice President2023314,1550321,401—56,909692,465
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Employee Count
Fiscal YearEmployee Count
2025477
2024389
2023348
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Income Statements
Fiscal Year202520242023
Revenue272,986,000250,349,000223,808,000
Cost Of Revenue83,181,00073,160,00053,499,000
Gross Profit189,805,000177,189,000170,309,000
Research And Development Expenses6,100,0006,500,0001,400,000
General And Administrative Expenses51,428,00043,434,00043,458,000
Operating Expenses265,556,000251,298,000223,973,000
Operating Income7,430,000-949,000-165,000
Net Income-8,651,000-63,164,000-24,718,000
Earnings Per Share Basic-0.15-0.59-0.02
Earnings Per Share Diluted-0.15-0.59-0.02
Weighted Average Shares Outstanding Basic126,757,000125,877,0001,835,005,000
Weighted Average Shares Outstanding Diluted126,757,000125,877,0001,835,005,000
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Balance Sheet Statements
Fiscal Year202520242023
Cash And Cash Equivalents447,471,000391,164,00056,744,000
Marketable Securities Current———
Accounts Receivable19,976,00026,952,00048,743,000
Inventories9,614,00010,741,00014,582,000
Non Trade Receivables9,654,0006,666,0002,791,000
Other Assets Current19,667,00018,714,00022,584,000
Total Assets Current496,728,000447,571,000142,653,000
Marketable Securities Non Current———
Property Plant And Equipment1,305,458,000673,632,000624,002,000
Other Assets Non Current2,552,0003,774,0003,703,000
Total Assets Non Current1,829,537,0001,262,666,000781,656,000
Total Assets2,326,265,0001,710,237,000924,309,000
Accounts Payable56,022,00029,677,0002,027,000
Deferred Revenue62,020,00061,201,00053,677,000
Short Term Debt31,835,00034,600,00034,600,000
Other Liabilities Current391,000394,000459,000
Total Liabilities Current205,486,000141,485,000175,908,000
Long Term Debt483,788,000511,422,000360,300,000
Other Liabilities Non Current451,618,000418,620,00011,265,000
Total Liabilities Non Current1,765,050,0001,209,869,000369,422,000
Total Liabilities1,970,536,0001,351,354,000545,330,000
Common Stock13,00013,000188,000
Retained Earnings-2,136,797,000-2,128,146,000-2,064,982,000
Accumulated Other Comprehensive Income3,286,00013,452,0005,070,000
Total Shareholders Equity355,729,000358,883,000378,979,000
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Cash Flow Statements
Fiscal Year202520242023
Depreciation And Amortization1,304,0001,068,000978,000
Share Based Compensation Expense23,413,00035,548,00022,489,000
Other Non Cash Income Expense17,294,000657,000816,000
Change In Accounts Receivable-7,485,000-26,661,000-12,693,000
Change In Inventories-1,519,000-2,796,0004,154,000
Change In Non Trade Receivables———
Change In Other Assets1,131,000-294,000-610,000
Change In Accounts Payable1,054,000-1,378,000-3,408,000
Change In Other Liabilities2,431,0003,561,000-53,000
Cash From Operating Activities621,650,000439,192,00074,341,000
Purchases Of Marketable Securities———
Sales Of Marketable Securities———
Acquisition Of Property Plant And Equipment5,509,0006,823,0006,907,000
Acquisition Of Business——2,900,000
Other Investing Activities———
Cash From Investing Activities-550,383,000-260,570,000-175,612,000
Tax Withholding For Share Based Compensation———
Payments Of Dividends10,605,00010,634,00011,942,000
Issuance Of Common Stock0176,189,0000
Repurchase Of Common Stock———
Issuance Of Long Term Debt———
Repayment Of Long Term Debt00148,281,000
Other Financing Activities———
Cash From Financing Activities-16,180,000157,181,000125,793,000
Change In Cash56,307,000334,420,00024,662,000
Cash At End Of Period447,471,000391,164,00056,744,000
Income Taxes Paid6,476,0001,936,000333,000
Interest Paid015,666,00013,512,000
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Key Metrics
Fiscal Year202520242023
Earnings Per Share-0.15-0.59-0.02
Price To Earnings Ratio-406.9333-52.6244-1,454.925
Earnings Growth Rate-74.57632,850-85.7143
Price Earnings To Growth Ratio5.4566-0.018516.9741
Book Value Per Share2.80642.85110.2065
Price To Book Ratio21.750410.8901140.8941
Ebitda-871,000-60,160,000-23,407,000
Enterprise Value7,805,399,2804,063,137,446.853,734,048,992.5
Dividend Yield0.00140.00270.0002
Dividend Payout Ratio-1.2259-0.1684-0.4831
Debt To Equity Ratio1.44951.52141.042
Capital Expenditures633,130,00050,698,00064,609,000
Free Cash Flow-11,480,000388,494,0009,732,000
Return On Equity-0.0243-0.176-0.0652
One Year Beta1.42551.19931.4658
Three Year Beta1.38161.37161.689
Five Year Beta1.56481.36121.2881
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Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
Wolff Benjamin GDirector2026-05-113,333A60,827
Taylor Timothy EvanDirector, VP, Finance & Operations2026-05-113,333A255,467
HASLER WILLIAM ADirector2026-05-113,333A65,546
COWAN KEITH ODirector2026-05-113,333A61,746
Clary RebeccaVP & Chief Financial Officer2026-04-284,066D121,198
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Institutional Holdings
Investor NamePeriod Of ReportMarket ValueAmount Of SecuritiesPrice Per Security
SOA Wealth Advisors, LLC.2026-03-31332566.4
Financial Avengers, Inc.2026-03-31199366.3333
Anson Funds Management LP2026-03-316,642,000100,00066.42
Anson Funds Management LP2026-03-3110,506,249158,17966.42
Edgestream Partners, L.P.2026-03-311,549,51223,32966.42
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Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
AQR Funds2026-03-31Class R6QSMRX5,959395,796.780.2373
AQR Funds2026-03-31Class NASMNX5,959395,796.780.2373
AQR Funds2026-03-31Class IASMOX5,959395,796.780.2373
AQR Funds2026-03-31Class R6QSERX2,064137,090.880.0917
AQR Funds2026-03-31Class NQSMNX2,064137,090.880.0917
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