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Globalstar (GSAT)
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Globalstar Income Statement 2025-2008 | GSAT
Brief overview of profit and loss at Globalstar
The conclusions below are based on five years of reported results. Globalstar reported revenue of 128 million dollars in 2020 and 273 million dollars by 2025. The total change was +112.5%, with a CAGR of approximately 16.3%. The pace indicates confident and sustained business growth.
EBITDA changed from 37.7 million dollars to 94.8 million dollars (+151.9%). The operating result outpaced sales and points to improving efficiency. EBITDA margin moved from 29.3% to 34.7%. A wider margin confirms stronger operating efficiency.
Across the five years, the net result shifted from −$110 million to −$8.7 million. The loss reduction is constructive, but the recovery is incomplete.
Market value was $1.7 billion at the start and $7.8 billion at the end. A large part of future progress may already be reflected in the valuation.
Conclusion
Most key measures improved without a pronounced weak signal. The financial profile benefits from revenue expansion, positive operating leverage and a stronger final result. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Globalstar
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
7.8 B | 3.05 B | 154 M | 140 M | 1.89 B | 1.72 B | 696 M | 851 M | 1.31 B | 1.79 B | 1.31 B | 2.26 B | 1.24 B | 214 M | 182 M | 8.58 B | 2.02 B | - |
Shares |
127 M | 126 M | 122 M | 120 M | 1.77 B | 1.64 B | 1.45 B | 1.27 B | 1.17 B | 1.06 B | 1.02 B | 934 M | 615 M | 388 M | 299 M | 292 M | 128 M | - |
Historical Prices |
61.6 | 24.3 | 1.26 | 1.17 | 1.07 | 1.05 | 0.48 | 0.66 | 1.05 | 1.58 | 1.28 | 2.42 | 2.03 | 0.55 | 0.65 | 29.4 | 15.8 | 44.1 |
Net Income |
-8.65 M | -63.2 M | -24.7 M | -257 M | -113 M | -110 M | 15.3 M | -6.52 M | -89.1 M | -133 M | 72.3 M | -463 M | -591 M | -112 M | -54.9 M | -18.1 M | -74.9 M | - |
Revenue |
273 M | 250 M | 224 M | 149 M | 124 M | 128 M | 132 M | 130 M | 113 M | 96.9 M | 90.5 M | 90.1 M | 82.7 M | 76.3 M | 72.8 M | 16.5 M | 64.3 M | - |
Gross Profit |
- | - | - | - | - | - | 78.1 M | 78 M | 64.9 M | 55 M | 48.1 M | 23.9 M | 33.1 M | 38.4 M | 22.8 M | - | - | - |
Operating Income |
7.43 M | -949 K | -165 K | -221 M | -65.5 M | -59.2 M | -64 M | -47.4 M | -68.4 M | -63.3 M | -66.6 M | -95.9 M | -87.4 M | -95 M | -73.2 M | -59.8 M | -53.8 M | - |
Interest Expense |
15 M | -2.53 M | 1.73 M | -1.84 M | -675 K | -1.48 M | -2.76 M | -229 K | -3.21 M | -853 K | 3.23 M | 3.79 M | -1.95 M | -2.28 M | 4.82 M | 5.02 M | 6.73 M | - |
EBITDA |
94.8 M | 88 M | 88 M | -127 M | 30.7 M | 37.7 M | 32.8 M | 22.6 M | 25.8 M | 14.1 M | 10.6 M | -9.66 M | 3.2 M | 4.07 M | -15.9 M | -32.4 M | -31.9 M | - |
Operating Expenses |
- | - | - | - | - | - | 141 M | 146 M | 117 M | 118 M | 115 M | 120 M | 120 M | 104 M | 92.5 M | - | - | - |
General and Administrative Expenses |
51.4 M | 43.4 M | 43.5 M | 33.3 M | 34.6 M | 41.7 M | 45.2 M | 55.4 M | 39.1 M | 41 M | 37.4 M | 33.5 M | 29.9 M | 34.3 M | 42.4 M | 41.8 M | 49.2 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Globalstar
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
129 M | 128 M | 127 M | 127 M | 126 M | 1.9 B | 126 M | 126 M | 126 M | 1.84 B | 1.81 B | 1.81 B | - | 1.8 B | 1.8 B | 1.8 B | - | 1.79 B | 1.79 B | 1.68 B | - | 1.67 B | 1.67 B | 1.56 B | 1.45 B | 1.45 B | 1.45 B | 1.45 B | 1.29 B | 1.26 B | 1.26 B | 1.26 B | 1.25 B | 1.17 B | 1.13 B | 1.11 B | 1.09 B | 1.08 B | 1.05 B | 1.04 B | 1.04 B | 1.03 B | 1.01 B | 1 B | 993 M | 988 M | 905 M | 849 M | 779 M | 674 M | 496 M | 472 M | 424 M | 392 M | 379 M | 357 M | 313 M | 296 M | 295 M | 293 M |
Net Income |
-26.5 M | -17.4 M | 1.09 M | 19.2 M | -17.3 M | - | 9.93 M | -9.68 M | -13.2 M | -6.17 M | 9 K | -3.48 M | - | -204 M | -26.8 M | -20.5 M | - | -30.9 M | -21.4 M | -36.3 M | - | -24.9 M | -24.7 M | -38.2 M | -37.7 M | 21.1 M | 6.19 M | 25.8 M | -96.5 M | 9.02 M | -7.01 M | 87.9 M | -22.6 M | 52.4 M | -98.7 M | -20.2 M | -117 M | -2.58 M | 14.1 M | -26.9 M | -26.8 M | 24.1 M | 205 M | -130 M | 92 M | 129 M | -434 M | -251 M | -235 M | -205 M | -126 M | -25.1 M | -19 M | -41.2 M | -27.5 M | -24.5 M | -33.7 M | -681 K | -14.1 M | -6.47 M |
Revenue |
64.8 M | 70.1 M | 73.8 M | 67.1 M | 60 M | - | 72.3 M | 60.4 M | 56.5 M | 57.7 M | 55.1 M | 58.6 M | - | 37.6 M | 36.8 M | 32.8 M | - | 32.6 M | 30.3 M | 26.9 M | - | 32.8 M | 30.4 M | 32.2 M | 31.8 M | 38.6 M | 31.2 M | 30.1 M | 31.9 M | 35.7 M | 33.7 M | 28.7 M | 29.4 M | 30.5 M | 28.1 M | 24.7 M | 24.4 M | 25.5 M | 25.1 M | 21.8 M | 22.8 M | 23.7 M | 23 M | 21 M | 22.1 M | 23.4 M | 24 M | 20.5 M | 21 M | 22.5 M | 19.8 M | 19.3 M | 19.1 M | 20.5 M | 20 M | 16.7 M | 17.4 M | 18.2 M | 19 M | 18.3 M |
Operating Income |
-4.78 M | 8.17 M | 10.2 M | 6.15 M | -8.5 M | - | 9.43 M | -1.42 M | -4.71 M | 2.02 M | 2.62 M | 7.19 M | - | -187 M | -11.4 M | -13.7 M | - | -14.7 M | -16 M | -19.3 M | - | -14.6 M | -15.4 M | -14.1 M | -17.1 M | -12 M | -16.7 M | -18.3 M | -18.4 M | -18 M | 1.95 M | -13 M | -30.2 M | -10.7 M | -12.4 M | -15.1 M | -16.8 M | -14.8 M | -16.4 M | -15.7 M | -15.9 M | -16.1 M | -17.4 M | -17.2 M | -32.2 M | -18.1 M | -25 M | -20.6 M | - | -22.6 M | -19.6 M | -18.4 M | - | -17.7 M | -43.4 M | -14.9 M | - | -21.4 M | -16.8 M | -12.8 M |
Interest Expense |
- | -2.56 M | 3.65 M | 6.7 M | -413 K | - | 186 K | 58 K | -849 K | 25 K | 447 K | -99 K | - | -884 K | 272 K | 117 K | - | 473 K | -88 K | 22 K | - | -346 K | -233 K | -333 K | - | -335 K | -286 K | -95 K | - | 1.33 M | -3.35 M | -662 K | - | -385 K | -2.17 M | -95 K | - | -505 K | 685 K | -760 K | - | -1.95 M | -452 K | 4.07 M | - | 2.59 M | -344 K | 713 K | - | -1.54 M | -224 K | 642 K | - | -439 K | -632 K | 132 K | - | 1.24 M | 1.16 M | 1.18 M |
EBITDA |
12 M | 26.6 M | 31.8 M | 29.2 M | 13.8 M | - | 31.7 M | 20.7 M | 17.4 M | 23.9 M | 24.5 M | 29.1 M | - | -162 M | 12.8 M | 10.1 M | - | 9.36 M | 7.84 M | 4.86 M | - | 10.1 M | 8.52 M | 9.73 M | -17.1 M | 12 M | 7.2 M | 5.47 M | -18.4 M | 6.78 M | 24.6 M | 6.27 M | -30.2 M | 8.69 M | 6.84 M | 4.16 M | -16.8 M | 4.68 M | 2.81 M | 3.46 M | -15.9 M | 3.33 M | 1.85 M | 1.86 M | -32.2 M | 2.95 M | -3.02 M | 2.76 M | - | 1.14 M | 2.47 M | 1.94 M | - | 999 K | -27.5 M | -195 K | - | -9.28 M | -4.02 M | -2.15 M |
General and Administrative Expenses |
23 M | 14.8 M | 11.3 M | 9.68 M | 11.6 M | - | 10.4 M | 10.4 M | 10.6 M | 12.1 M | 10.1 M | 9.63 M | - | 8.61 M | 9.69 M | 9.34 M | - | 9.2 M | 9.68 M | 10.1 M | - | 10.1 M | 10.3 M | 11.1 M | - | 12.9 M | 11 M | 11.6 M | - | 15.1 M | 15.9 M | 11.3 M | - | 9.54 M | 9.47 M | 9.42 M | - | 10.1 M | 11.4 M | 8.61 M | - | 9.68 M | 10.2 M | 8.6 M | - | 8.78 M | 8.25 M | 7.77 M | - | 9.08 M | 6.58 M | 6.92 M | - | 7.42 M | 7.02 M | 6.62 M | - | 12.2 M | 11.6 M | 10.2 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Globalstar (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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