Globalstar Inc
GSAT—
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Globalstar Inc AI Insights
Informational only. Not investment advice.Snapshot
- P/S ratio of 34.0x vs industry median 1.4x - trading at 24x premium despite negative net income TTM of -47.3M[P/S Ratio]
- FCF TTM 283.3M (108% of revenue) vs capex 503.2M - heavy infrastructure investment phase with positive cash generation[Free Cash Flow]
- 3Y revenue CAGR 25.2% vs industry median 0.8% - 30x faster growth driving premium multiple[Total Revenue 3Y Growth]
Watch Triggers
- Operating Margin TTM: Sustained above 10% — Proves operating leverage thesis - currently 4.1%, needs 2.5x improvement
- Capital Expenditure TTM: Decline below 300M — Signals infrastructure build completion, unlocks FCF expansion
- Total Revenue TTM: Growth deceleration below 15% — At 34x P/S, growth slowdown triggers multiple compression
Bull Case
Satellite-to-phone partnerships (Apple) create recurring revenue moat. 25% 3Y CAGR with 65% gross margins positions for margin expansion as capex normalizes.
Total Revenue 3Y GrowthGross Margin TTMFree Cash Flow TTM
PPE of 1.28B (59% of assets) represents irreplaceable spectrum/satellite infrastructure with high barriers to entry.
PPECapital Expenditure TTM
Bear Case
Negative ROE (-12.5%), ROIC (-5.4%), and net margin (-18%) with debt/equity 1.55x - capital destruction despite revenue growth.
ROE TTMROIC TTMDebt to Equity
P/S 34x and P/B 40x require flawless execution. Any partnership loss or capex overrun devastates equity value.
P/S RatioP/B Ratio
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
Operating leverage inflection as capex cycle peaks - path to profitability within 18 months
1-3ymed
- Gross margin 65.4% provides cushion for fixed cost absorption
- Operating margin 4.1% positive despite 503M capex
- Cash position 346M covers 15x current debt service
EBITDA TTM 100.2M vs net loss 47.3MOperating cash flow 236M positiveCapex 192% of revenue - infrastructure build
Valuation Context
Caveats
GSAT Fundamentals
Information → Telecommunications
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$10.66B | — | ||
$10.83B | — | ||
0.00 | — | ||
$283.02M | +11.5% | — | |
$-0.15 | — | ||
8.61% | +7.6% | — | |
-3.09% | +23.4% | — | |
$571.08M | +182.6% | — | |
-2.54% | +16.1% | — | |
Beta 5Y (Monthly) | unknown | — |
GSAT Dividend History
No dividends
GSAT Stock Splits
1 stock split
02/11/2515:1 split
GSAT SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/07/26 | 03/31/26 | 10-Q | |
02/27/26 | 12/31/25 | 10-K | |
11/06/25 | 09/30/25 | 10-Q | |
08/07/25 | 06/30/25 | 10-Q | |
05/08/25 | 03/31/25 | 10-Q | |
02/28/25 | 12/31/24 | 10-K | |
11/07/24 | 09/30/24 | 10-Q | |
08/08/24 | 06/30/24 | 10-Q | |
05/08/24 | 03/31/24 | 10-Q | |
02/29/24 | 12/31/23 | 10-K | |
11/02/23 | 09/30/23 | 10-Q | |
08/03/23 | 06/30/23 | 10-Q | |
05/05/23 | 03/31/23 | 10-Q | |
03/01/23 | 12/31/22 | 10-K | |
11/03/22 | 09/30/22 | 10-Q | |
08/09/22 | 06/30/22 | 10-Q | |
05/05/22 | 03/31/22 | 10-Q | |
02/25/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/05/21 | 06/30/21 | 10-Q | |
05/06/21 | 03/31/21 | 10-Q | |
03/04/21 | 12/31/20 | 10-K | |
11/06/20 | 09/30/20 | 10-Q | |
08/06/20 | 06/30/20 | 10-Q | |
05/07/20 | 03/31/20 | 10-Q | |
02/28/20 | 12/31/19 | 10-K | |
11/12/19 | 09/30/19 | 10-Q | |
08/09/19 | 06/30/19 | 10-Q | |
05/02/19 | 03/31/19 | 10-Q | |
02/28/19 | 12/31/18 | 10-K | |
11/01/18 | 09/30/18 | 10-Q | |
08/02/18 | 06/30/18 | 10-Q | |
05/10/18 | 03/31/18 | 10-Q | |
02/23/18 | 12/31/17 | 10-K | |
11/02/17 | 09/30/17 | 10-Q | |
08/03/17 | 06/30/17 | 10-Q | |
05/04/17 | 03/31/17 | 10-Q | |
02/23/17 | 12/31/16 | 10-K | |
11/03/16 | 09/30/16 | 10-Q | |
08/04/16 | 06/30/16 | 10-Q | |
05/05/16 | 03/31/16 | 10-Q | |
02/26/16 | 12/31/15 | 10-K | |
11/05/15 | 09/30/15 | 10-Q | |
08/10/15 | 06/30/15 | 10-Q | |
05/08/15 | 03/31/15 | 10-Q | |
03/02/15 | 12/31/14 | 10-K | |
11/06/14 | 09/30/14 | 10-Q | |
08/11/14 | 06/30/14 | 10-Q | |
05/08/14 | 03/31/14 | 10-Q | |
03/11/14 | 12/31/13 | 10-K | |
11/14/13 | 09/30/13 | 10-Q | |
08/15/13 | 06/30/13 | 10-Q | |
05/10/13 | 03/31/13 | 10-Q | |
03/15/13 | 12/31/12 | 10-K | |
11/15/12 | 09/30/12 | 10-Q | |
08/09/12 | 06/30/12 | 10-Q | |
05/10/12 | 03/31/12 | 10-Q | |
03/13/12 | 12/31/11 | 10-K | |
11/09/11 | 09/30/11 | 10-Q | |
08/05/11 | 06/30/11 | 10-Q | |
05/05/11 | 03/31/11 | 10-Q | |
03/31/11 | 12/31/10 | 10-K | |
11/09/10 | 09/30/10 | 10-Q | |
08/06/10 | 06/30/10 | 10-Q | |
05/07/10 | 03/31/10 | 10-Q | |
03/12/10 | 12/31/09 | 10-K | |
11/06/09 | 09/30/09 | 10-Q | |
08/10/09 | 06/30/09 | 10-Q | |
05/11/09 | 03/30/09 | 10-Q | |
03/31/09 | 12/31/08 | 10-K | |
11/10/08 | 09/30/08 | 10-Q | |
08/11/08 | 06/30/08 | 10-Q | |
05/12/08 | 03/30/08 | Unknown | -- |
03/17/08 | 12/31/07 | 10-K | |
11/14/07 | 09/30/07 | 10-Q | |
08/14/07 | 06/30/07 | 10-Q | |
05/15/07 | 03/30/07 | Unknown | -- |
04/02/07 | 12/31/06 | 10-K | |
12/18/06 | 09/30/06 | 10-Q | |
06/30/06 | 06/30/06 | Unknown | -- |
03/31/06 | 03/30/06 | Unknown | -- |
12/31/05 | 12/31/05 | Unknown | -- |
09/30/05 | 09/30/05 | Unknown | -- |
06/30/05 | 06/30/05 | Unknown | -- |
03/31/05 | 03/30/05 | Unknown | -- |