Globalstar, Inc.
Globalstar, Inc. (GSAT) Financial Performance & Income Statement Overview
Explore the financials of Globalstar, Inc. (GSAT), including yearly and quarterly data on income, cash flow, and balance sheets.
Globalstar, Inc. (GSAT) Income Statement & Financial Overview
Analyze Globalstar, Inc.’s GSAT earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $60.03M | $61.18M | $72.31M | $60.38M |
| Cost of Revenue | $20.67M | $21.98M | $2.52M | $42.29M |
| Gross Profit | $39.36M | $39.20M | $69.79M | $18.09M |
| Gross Profit Ratio | $0.66 | $0.64 | $0.97 | $0.30 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $18.55M | $20.90M | $18.69M | $19.52M |
| Operating Expenses | $47.86M | $43.45M | $41.17M | $41.63M |
| Total Costs & Expenses | $68.53M | $65.43M | $62.87M | $61.81M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $7.95M | $0.00 | $0.00 | $3.64M |
| Depreciation & Amortization | $22.28M | $22.53M | $22.25M | $22.11M |
| EBITDA | $20.81M | $18.30M | $31.91M | $20.69M |
| EBITDA Ratio | $0.35 | $0.30 | $0.44 | $0.34 |
| Operating Income | -$8.50M | -$4.25M | $9.43M | -$1.42M |
| Operating Income Ratio | -$0.14 | -$0.07 | $0.13 | -$0.02 |
| Other Income/Expenses (Net) | -$4.25M | -$45.76M | $2.23M | -$8.08M |
| Income Before Tax | -$12.75M | -$50.006M | $11.67M | -$9.50M |
| Income Before Tax Ratio | -$0.21 | -$0.82 | $0.16 | -$0.16 |
| Income Tax Expense | $4.58M | $213000.00 | $1.73M | $182000.00 |
| Net Income | -$17.33M | -$50.22M | $9.93M | -$9.68M |
| Net Income Ratio | -$0.29 | -$0.82 | $0.14 | -$0.16 |
| EPS | -$0.16 | -$0.42 | $0.004 | -$0.005 |
| Diluted EPS | -$0.16 | -$0.42 | $0.004 | -$0.005 |
| Weighted Avg Shares Outstanding | $126.48M | $126.23M | $189.23M | $188.42M |
| Weighted Avg Shares Outstanding (Diluted) | $126.48M | $126.23M | $191.006M | $188.42M |
Over the last four quarters, Globalstar, Inc. achieved steady financial progress, growing revenue from $60.38M in Q2 2024 to $60.03M in Q1 2025. Gross profit stayed firm with margins at 66% in Q1 2025 versus 30% in Q2 2024. Operating income totaled -$8.50M in Q1 2025, maintaining a -14% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at $20.81M. Net income rose to -$17.33M, with EPS at -$0.16. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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