Globalstar Voting Inc (GSAT) financials
Globalstar Voting revenue and earnings by year
Globalstar Voting's revenue was $273 million in the fiscal year to December 31, 2025, up 9.0% from the year before. Net income was -$19.3 million, -7.1% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 12.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 273 | 250 | 224 | 149 | 124 | 128 | 132 | 130 | 113 | 97 |
| Revenue growth | 9.0% | 11.9% | 50.7% | 19.5% | -3.3% | -2.5% | 1.2% | 15.5% | 16.3% | — |
| Gross profit | 177 | 168 | 154 | 83 | 72 | 80 | 78 | 78 | 65 | 55 |
| Gross margin | 64.8% | 66.9% | 69.0% | 56.2% | 58.2% | 62.1% | 59.3% | 60.0% | 57.6% | 56.8% |
| Operating income | 7 | -1 | -0 | -221 | -66 | -59 | -64 | -47 | -68 | -63 |
| Operating margin | 2.7% | -0.4% | -0.1% | -148.8% | -52.7% | -46.0% | -48.6% | -36.4% | -60.8% | -65.3% |
| Net income | -19 | -74 | -35 | -258 | -113 | -110 | 15 | -7 | -89 | -133 |
| Net margin | -7.1% | -29.5% | -15.8% | -173.9% | -90.6% | -85.3% | 11.6% | -5.0% | -79.1% | -136.9% |
| Diluted EPS | -$0.15 | -$0.59 | -$0.29 | -$2.15 | -$0.90 | -$1.05 | — | — | -$1.35 | -$1.95 |
| Free cash flow | 77 | 195 | -91 | 24 | 89 | 10 | -5 | -8 | -4 | -14 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open GSAT in Markets.
How Globalstar Voting makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Services Wholesale Capacity | $40.1M | 61.9% |
| Services SPOT | $8.60M | 13.3% |
| Commercial Io T | $7.51M | 11.6% |
| Product | $4.77M | 7.4% |
| Services Duplex | $2.71M | 4.2% |
| Services Other | $1.05M | 1.6% |
See also: GSAT returns
No forecast, no recommendation. This page describes Globalstar Voting Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.