GSAT financial statements

The full income statement, balance sheet, and cash-flow statement for Globalstar Inc. (GSAT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2025-03 126.6M2025-06 126.7M2025-09 126.8M2025-12 128.6M2026-03 128.8M2026-06 129.6M+2.4% over 5 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	273M YoY+9.0%	250M YoY+11.9%	224M YoY+50.7%	149M YoY+19.5%	124M YoY-3.3%
Research & development	6.10M YoY-6.2%	6.50M YoY+364.3%	1.40M YoY+180.0%	500K YoY-50.0%	1.00M YoY-47.4%
Selling, general & administrative	51.4M YoY+18.4%	43.4M YoY-0.1%	43.5M YoY+30.3%	33.3M YoY-3.7%	34.6M YoY-17.0%
Amortization of intangibles	4.70M YoY+30.6%	3.60M YoY+157.1%	1.40M YoY+16.7%	1.20M YoY+0.0%	1.20M YoY+9.1%
Provision for credit losses	—	—	—	1.09M YoY+16.1%	936K YoY-43.5%
Operating income	7.43M YoY+882.9%	-949K YoY-475.2%	-165K YoY+99.9%	-221M YoY-237.4%	-65.5M YoY-10.7%
Other non-operating income	15.0M YoY+691.4%	-2.53M YoY-246.3%	1.73M YoY+193.9%	-1.84M YoY-173.0%	-675K YoY+54.4%
Pre-tax income	-2.77M YoY+95.5%	-61.0M YoY-158.7%	-23.6M YoY+90.8%	-257M YoY-127.4%	-113M YoY-3.6%
Income tax	5.88M YoY+175.3%	2.13M YoY+90.1%	1.12M YoY+1438.4%	73.0K YoY+124.4%	-299K YoY-145.2%
	-8.65M YoY+86.3%	-63.2M YoY-155.5%	-24.7M YoY+90.4%	-257M YoY-128.1%	-113M YoY-2.7%
Net income to common	-19.3M YoY+73.9%	-73.8M YoY-108.9%	-35.3M YoY+86.3%	-258M YoY-129.3%	-113M YoY-2.7%
	-$0.15 YoY+74.6%	-$0.59 YoY-103.4%	-$0.29 YoY+86.5%	-$2.15 YoY-138.9%	-$0.90 YoY+14.3%
EPS (basic)	-$0.15 YoY+74.6%	-$0.59 YoY-103.4%	-$0.29 YoY+86.5%	-$2.15 YoY-138.9%	-$0.90 YoY+14.3%
	127M YoY+0.7%	126M YoY+2.9%	122M YoY+1.9%	120M YoY+2.0%	118M YoY+7.5%
	127M YoY+0.7%	126M YoY+2.9%	122M YoY+1.9%	120M YoY+2.0%	118M YoY+7.5%
Dividends per share	$0.08 YoY-1.0%	$0.08 YoY-13.5%	$0.10	—	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	497M YoY+11.0%	448M YoY+213.7%	143M YoY+75.6%	81.2M YoY+18.0%	68.9M YoY+0.6%
Cash & equivalents	447M YoY+14.4%	391M YoY+589.3%	56.7M YoY+76.9%	32.1M YoY+124.3%	14.3M YoY+7.3%
Accounts receivable	20.0M YoY-25.9%	27.0M YoY-44.7%	48.7M YoY+85.1%	26.3M YoY+24.3%	21.2M YoY-4.4%
Inventory	9.61M YoY-10.5%	10.7M YoY-26.3%	14.6M YoY+57.4%	9.26M YoY-33.0%	13.8M YoY+0.7%
Prepaid expenses	19.7M YoY+5.1%	18.7M YoY-17.1%	22.6M YoY+66.4%	13.6M YoY-30.6%	19.6M YoY+25.0%
	2.33B YoY+36.0%	1.71B YoY+85.0%	924M YoY+25.2%	738M YoY-9.3%	814M YoY-8.3%
Property, plant & equipment	1.31B YoY+93.8%	674M YoY+8.0%	624M YoY+11.4%	560M YoY-16.6%	672M YoY-6.1%
Operating lease right-of-use	66.7M YoY+109.5%	31.8M YoY-6.8%	34.2M YoY+10.7%	30.9M YoY-3.7%	32.0M YoY+122.5%
Goodwill	30.6M YoY+0.0%	30.6M YoY+0.0%	30.6M	—	—
Intangible assets	92.3M YoY+8.3%	85.2M YoY+40.5%	60.7M YoY+99.5%	30.4M YoY-1.9%	31.0M YoY+12.6%
Other non-current assets	2.55M YoY-39.4%	4.21M YoY+13.6%	3.70M YoY+37.4%	2.70M YoY+37.2%	1.97M YoY+84.0%
	205M YoY+45.2%	141M YoY-19.6%	176M YoY-10.7%	197M YoY+220.1%	61.6M YoY-46.1%
Accounts payable	—	—	2.03M YoY-47.3%	3.84M YoY-38.5%	6.25M YoY+114.2%
Accrued liabilities	43.6M YoY+76.5%	24.7M YoY-8.4%	27.0M YoY+19.5%	22.6M YoY-22.1%	28.9M YoY+11.7%
Deferred revenue	62.0M YoY+1.3%	61.2M YoY+14.0%	53.7M YoY-28.1%	74.6M YoY+187.9%	25.9M YoY-0.2%
Short-term & current debt	31.8M YoY-8.0%	34.6M YoY+0.0%	34.6M	0.00	0.00 YoY-100.0%
Current lease liability	8.00M YoY+88.1%	4.25M YoY+41.5%	3.00M YoY+9.4%	2.75M YoY+9.8%	2.50M YoY+88.0%
Other current liabilities	391K YoY-0.8%	394K YoY-14.2%	459K YoY+40.8%	326K	—
Finance lease liability (current)	—	—	—	16.0K YoY+166.7%	6.00K YoY-45.5%
	1.97B YoY+45.8%	1.35B YoY+147.8%	545M	—	—
Long-term debt	452M YoY-5.2%	477M YoY+46.4%	326M YoY+146.5%	132M YoY-44.5%	238M YoY-27.1%
Deferred revenue (non-current)	807M YoY+180.0%	288M YoY+8868.9%	3.21M YoY-94.9%	62.9M YoY-43.9%	112M YoY+3316.3%
Non-current lease liability	54.5M YoY+107.8%	26.3M YoY-10.2%	29.2M YoY+5.8%	27.6M YoY-5.5%	29.2M YoY+113.0%
Operating lease liability (total)	62.5M YoY+105.0%	30.5M YoY-5.4%	32.2M YoY+6.1%	30.4M YoY-4.3%	31.7M YoY+110.8%
Finance lease liability (total)	—	110K YoY+57.1%	70.0K YoY-19.5%	87.0K YoY+866.7%	9.00K YoY-55.0%
Finance lease liability	—	—	—	71.0K YoY+2266.7%	3.00K YoY-66.7%
Deferred tax liabilities	1.04M YoY+46.8%	711K YoY+116.1%	329K YoY+2.2%	322K YoY+8.8%	296K YoY-60.8%
Other non-current liabilities	452M YoY+7.9%	419M YoY+3616.1%	11.3M YoY+182.0%	4.00M YoY-49.3%	7.89M YoY+9.2%
Total non-current liabilities	1.77B YoY+45.9%	1.21B YoY+227.5%	369M YoY+63.0%	227M YoY-41.5%	387M YoY+10.3%
	356M YoY-0.9%	359M YoY-5.3%	379M YoY+20.4%	315M YoY-13.9%	365M YoY-13.6%
Preferred stock	—	—	0.00	0.00	0.00
Additional paid-in capital	2.49B YoY+0.6%	2.47B YoY+1.4%	2.44B YoY+4.0%	2.35B YoY+9.3%	2.15B YoY+2.4%
Retained earnings	-2.14B YoY-0.4%	-2.13B YoY-3.1%	-2.06B YoY-1.2%	-2.04B YoY-14.4%	-1.78B YoY-6.7%
Accumulated other comprehensive income	3.29M YoY-75.6%	13.5M YoY+165.3%	5.07M YoY-45.1%	9.24M YoY+389.0%	1.89M YoY+164.2%
Total liabilities & equity	2.33B YoY+36.0%	1.71B YoY+85.0%	924M YoY+25.2%	738M YoY-9.3%	814M YoY-8.3%
	—	—	—	—	120M YoY+7.3%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	622M YoY+41.5%	439M YoY+490.8%	74.3M YoY+16.5%	63.8M YoY-51.6%	132M YoY+493.7%
Depreciation & amortization	87.4M YoY-1.8%	89.0M YoY+0.9%	88.2M YoY-6.1%	93.9M YoY-2.4%	96.2M YoY-0.6%
Intangible amortization	4.70M YoY+30.6%	3.60M YoY+157.1%	1.40M YoY+16.7%	1.20M YoY+0.0%	1.20M YoY+9.1%
Share-based compensation	23.4M YoY-34.1%	35.5M YoY+58.1%	22.5M YoY+109.1%	10.8M YoY+59.8%	6.73M YoY+14.0%
Deferred income taxes	69.0K YoY-81.9%	382K YoY+1057.6%	33.0K	0.00 YoY+100.0%	-459K YoY-227.5%
Change in receivables	-7.49M YoY+71.9%	-26.7M YoY-110.0%	-12.7M YoY-1358.0%	1.01M YoY+174.1%	-1.36M YoY-116.0%
Change in inventory	-1.52M YoY+45.7%	-2.80M YoY-167.3%	4.15M YoY+74.5%	2.38M YoY+2875.0%	80.0K YoY+103.7%
	-550M YoY-111.2%	-261M YoY-48.4%	-176M YoY-339.6%	-40.0M YoY+11.6%	-45.2M YoY-210.9%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Proceeds from sale of PP&E	—	—	0.00	0.00 YoY-100.0%	350K
	-16.2M YoY-110.3%	157M YoY+25.0%	126M YoY+2179.9%	-6.05M YoY+95.7%	-140M YoY-12151.7%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00 YoY-100.0%	176M	0.00	0.00 YoY-100.0%	43.7M
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	10.6M YoY-0.3%	10.6M YoY-11.0%	11.9M	0.00	0.00
FX effect on cash	1.22M YoY+188.2%	-1.38M YoY-1087.9%	140K YoY+736.4%	-22.0K YoY+83.3%	-132K YoY-353.8%
Net change in cash	56.3M YoY-83.2%	334M YoY+1256.0%	24.7M YoY+38.7%	17.8M YoY+133.1%	-53.7M YoY-703.9%
Interest paid	0.00 YoY-100.0%	15.7M YoY+15.9%	13.5M	0.00 YoY-100.0%	5.53M YoY-49.3%
Income taxes paid	6.48M YoY+240.8%	1.90M YoY+533.3%	300K YoY+52.3%	197K YoY+4.8%	188K YoY+176.5%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	7.77B	—	—	—	—
P/S	28.5×	—	—	—	—
P/B	21.8×	—	—	—	—
	0.14% YoY-49.6%	0.27% YoY-18.9%	0.34%	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: GSAT's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GSAT filings on SEC EDGAR → Not investment advice.