Dec 2025 (Q4 FY25) — Feb 27, 2026
Globalstar Q4 FY25 — Record Revenue and Adjusted EBITDA
Read the full callGlobalstar (GSAT) earnings
- Jun 2026
- Dec 2025 (Q4 FY25)
- Dec 2025
Globalstar earnings: last reported Fri, 27 Feb 2026, for the quarter ended Dec 2025.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 64.8 | −3.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -7.4 | −16.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -26.5 | −238.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$83.26 +1.07% · +$0.88
Performance +91.1% 1Y
1Y: $43.56 on 17 Oct 2025 → $83.26. High $84.43 (28 May 2026), low $41.54 (29 Oct 2025).
- Previous close
- $82.38
- 52-week range
- $41.54 – $84.43
- One year
- +87.14%
Overview
- Symbol
- GSAT
- Sector
- Communication Services
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Globalstar earnings calls (GSAT)
Financials
What the filings say
Net profit, year on year: −238% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 72 | 61 | 60 | 67 | 74 | 72 | 70 | 65 |
| Expenses | 63 | 65 | 69 | 61 | 64 | 72 | 62 | 70 |
| Operating profit | 9 | -4 | -9 | 6 | 10 | -0 | 8 | -5 |
| Operating margin | 13.1% | −7.0% | −14.2% | 9.2% | 13.8% | −0.5% | 11.7% | −7.4% |
| Other income | 2 | -46 | -4 | 11 | -8 | -9 | -24 | -18 |
| Profit before tax | 12 | -50 | -13 | 17 | 2 | -10 | -16 | -23 |
| Tax rate | 14.8% | −0.4% | −35.9% | −10.5% | 50.2% | −21.1% | −10.1% | −17.3% |
| Net profit | 10 | -50 | -17 | 19 | 1 | -12 | -17 | -27 |
| EPS ($ per share) | 0.06 | — | -0.16 | 0.13 | 0.01 | — | -0.16 | -0.23 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | -1,575 | -1,559 | -1,671 | -1,783 | -2,040 | -2,065 | -2,128 | -2,137 |
| Total liabilities | 687 | 967 | 465 | 449 | 424 | 545 | 1,351 | 1,971 |
| Fixed assets | 883 | 800 | 716 | 672 | 560 | 624 | 674 | 1,305 |
| Total assets | 1,045 | 966 | 888 | 814 | 738 | 924 | 1,710 | 2,326 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 6 | 3 | 22 | 132 | 64 | 74 | 439 | 622 |
| Cash from investing | -17 | -11 | -15 | -45 | -40 | -176 | -261 | -550 |
| Cash from financing | -18 | -8 | 1 | -140 | -6 | 126 | 157 | -16 |
| Net cash flow | -30 | -16 | 9 | -54 | 18 | 25 | 334 | 56 |
| Capital expenditure | -7 | -5 | -5 | -6 | -7 | -7 | -7 | -6 |
| Free cash flow | -1 | -2 | 17 | 126 | 57 | 67 | 432 | 616 |
GSAT revenue by segment
Services Duplex shrank from 8% to 4% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Services Wholesale Capacity | 61% | 57% | 61% | 63% | 64% | 64% | 66% | 62% | -5.4% |
| Services SPOT | 14% | 16% | 16% | 14% | 13% | 13% | 12% | 13% | -6.7% |
| Commercial Io T | — | — | — | — | — | — | 11% | 12% | — |
| Product | 5% | 6% | 5% | 6% | 6% | 6% | 5% | 7% | +21.4% |
| Services Duplex | 8% | 7% | 6% | 5% | 6% | 5% | 4% | 4% | -26.2% |
| Services Other | — | — | 2% | 1% | 2% | 2% | 3% | 2% | +19.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
76 filings between Nov 5, 2025 and Sep 21, 2026.
Open market
decisions to buy or sellPurchases
$29.84M
1 purchase by 1 insider
Sales
$66.64M
40 sales by 6 insiders
10% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 26
- Award — granted as compensation
- 9
- Option exercise — converted options into shares
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Lynch James F | — | $38.83M | Sep 18, 2026 |
| Monroe James III | $29.84M | — | Sep 18, 2026 |
| Taylor Timothy Evan | — | $12.45M | Aug 13, 2026 |
| Wolff Benjamin G | — | $8.01M | Aug 27, 2026 |
| Clary Rebecca | — | $4.82M | Aug 14, 2026 |
| Ponder L Barbee IV | — | $2.36M | Sep 21, 2026 |
| JACOBS PAUL E | — | $164.2K | Mar 19, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 21, 2026 | Ponder L Barbee IV General Counsel | Sale | 1,692 | $140.4K |
| Sep 18, 2026 | Ponder L Barbee IV General Counsel | Award | 4,000 | $0 |
| Sep 18, 2026 | Lynch James F Director | Sale | 361,600 | $29.84M |
| Sep 18, 2026 | Monroe James III Director | Purchase | 361,600 | $29.84M |
| Aug 27, 2026 | Wolff Benjamin G Director | Sale | 19,998 | $1.64M |
| Aug 27, 2026 | Wolff Benjamin G Director | Option exercise | 2,222 | $73.0K |
| Aug 27, 2026 | Wolff Benjamin G Director | Option exercise | 6,666 | $130.0K |
| Aug 27, 2026 | Wolff Benjamin G Director | Option exercise | 6,666 | $116.0K |
| Aug 27, 2026 | Wolff Benjamin G Director | Option exercise | 4,444 | $124.7K |
| Aug 26, 2026 | Lynch James F Director | Sale | 110,000 | $9.00M |
| Aug 21, 2026 | Wolff Benjamin G Director | Option exercise | 6,666 | $47.0K |
| Aug 21, 2026 | Wolff Benjamin G Director | Option exercise | 6,666 | $54.0K |
| Aug 21, 2026 | Wolff Benjamin G Director | Sale | 19,998 | $1.64M |
| Aug 21, 2026 | Wolff Benjamin G Director | Option exercise | 6,666 | $33.9K |
| Aug 14, 2026 | Clary Rebecca VP & Chief Financial Officer | Sale | 24,100 | $1.98M |
| Aug 13, 2026 | Taylor Timothy Evan VP, Finance & Operations | Sale | 75,000 | $6.21M |
| Aug 12, 2026 | Taylor Timothy Evan VP, Finance & Operations | Sale | 75,000 | $6.24M |
| Aug 12, 2026 | Wolff Benjamin G Director | Sale | 32,711 | $2.72M |
| Aug 11, 2026 | Wolff Benjamin G Director | Sale | 24,000 | $2.00M |
| Aug 11, 2026 | Ponder L Barbee IV General Counsel | Sale | 4,720 | $394.2K |
| Aug 7, 2026 | Ponder L Barbee IV General Counsel | Sale | 12,045 | $1.00M |
| Jun 4, 2026 | Clary Rebecca VP & Chief Financial Officer | Sale 10b5-1 plan | 920 | $75.2K |
| May 11, 2026 | HASLER WILLIAM A Director | Award | 3,333 | $0 |
| May 11, 2026 | Taylor Timothy Evan VP, Finance & Operations | Award | 3,333 | $0 |
| May 11, 2026 | Wolff Benjamin G Director | Award | 3,333 | $0 |
| May 11, 2026 | COWAN KEITH O Director | Award | 3,333 | $0 |
| Apr 28, 2026 | Clary Rebecca VP & Chief Financial Officer | Sale | 4,066 | $330.3K |
| Apr 27, 2026 | Clary Rebecca VP & Chief Financial Officer | Award | 9,523 | $0 |
| Apr 15, 2026 | Clary Rebecca VP & Chief Financial Officer | Sale | 4,037 | $322.4K |
| Apr 14, 2026 | Clary Rebecca VP & Chief Financial Officer | Award | 9,524 | $0 |
| Mar 19, 2026 | JACOBS PAUL E Chief Executive Officer | Sale | 713 | $42.5K |
| Mar 19, 2026 | JACOBS PAUL E Chief Executive Officer | Sale | 1 | $60 |
| Mar 19, 2026 | JACOBS PAUL E Chief Executive Officer | Option exercise | 4,444 | $124.7K |
| Mar 19, 2026 | JACOBS PAUL E Chief Executive Officer | Option exercise | 2,222 | $73.0K |
| Mar 11, 2026 | Clary Rebecca VP & Chief Financial Officer | Sale | 762 | $43.7K |
| Mar 11, 2026 | JACOBS PAUL E Chief Executive Officer | Sale | 1,153 | $66.1K |
| Mar 11, 2026 | Ponder L Barbee IV General Counsel | Sale | 682 | $39.1K |
| Mar 10, 2026 | Clary Rebecca VP & Chief Financial Officer | Award | 1,557 | $0 |
| Mar 10, 2026 | Ponder L Barbee IV General Counsel | Award | 1,395 | $0 |
| Mar 10, 2026 | Taylor Timothy Evan VP, Finance & Operations | Award | 1,310 | $0 |
| Mar 10, 2026 | JACOBS PAUL E Chief Executive Officer | Award | 3,403 | $0 |
| Mar 10, 2026 | Ponder L Barbee IV General Counsel | Sale | 492 | $27.2K |
| Mar 10, 2026 | Clary Rebecca VP & Chief Financial Officer | Sale | 351 | $19.4K |
| Mar 3, 2026 | Clary Rebecca VP & Chief Financial Officer | Sale 10b5-1 plan | 1,210 | $73.9K |
| Jan 7, 2026 | JACOBS PAUL E Chief Executive Officer | Sale | 845 | $55.6K |
| Jan 5, 2026 | HASLER WILLIAM A Director | Award | 780 | $0 |
| Jan 5, 2026 | COWAN KEITH O Director | Award | 780 | $0 |
| Jan 5, 2026 | Wolff Benjamin G Director | Award | 780 | $0 |
| Jan 5, 2026 | Taylor Timothy Evan VP, Finance & Operations | Award | 780 | $0 |
| Jan 5, 2026 | Lynch James F Director | Award | 780 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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