Globalstar, Inc. (GSAT)

From the record

Globalstar, Inc.'s filings since 2017 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2025-01-21); an auditor change (8-K item 4.01, the latest 2020-03-06) (its current reports).

From the record

Globalstar, Inc.'s 10 filed years say what it did: revenue went from $97 million in fiscal 2016 to $273 million in fiscal 2025, up 12.2% a year; it rose in 7 of 9 years; the deepest fall was 6% from fiscal 2019 to fiscal 2021; net income was positive in 1 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Globalstar, Inc.'s diluted share count grew about 1.8% a year, and dividends and buybacks returned about 3% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 39 sales (4 under scheduled 10b5-1 plans) and 1 purchase of their own stock on the open market in the year to 2026-11-12, buying about $30 million (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Globalstar, Inc. lost about 2 cents for every dollar of shareholders' money. Leverage: it owed about 85 cents per dollar of assets, and net share issuance: its share count grew 0.7% over the year (the filed statements).

From the record

Globalstar, Inc.'s standing among 19 graded names in its industry family: revenue of $273 million in fiscal 2025 ranks in the top 38% by size; a net margin of -3.2% ranks in the top 39%; revenue growth of 22.5% a year over the last 3 filed years ranks in the top 34% (its annual reports).

From the record

Globalstar, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Jacobs, Paul E (Chief Executive Officer, as filed), filing under that title since 2023-08-31, 3.2 years (bottom 46% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 13.7 years (top 4%); no officer or director change was reported on Form 8-K since 2023-11-13, against the 9 people in charge now (top 3%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Globalstar, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $447 million against debt of $452 million leaves -0.2% of its assets as net cash, top 50% of its family; cash from operations less capital spending is 227.7% of revenue (top 3%); research spending of 2.2% of revenue (bottom 23%) (its annual report).

From the record

Globalstar, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 22.5% a year over the last three filed years against 12.2% over all 10, speeding up (top 15% of its family); the newest year grew 9% (top 38%); research spending grew 130.2% a year (top 4%); capital spending grew -21.2% a year (bottom 26%) (its annual reports). Globalstar, Inc. reported 6 product lines in fiscal 2025: Services Wholesale Capacity at $173 million (63%), Services SPOT at $37 million (14%), Commercial Lo T at $27 million (10%), and 3 more; 3 of 6 grew against the year before (its annual report).

From the record

Globalstar, Inc.'s newest year against its own record: revenue of $273 million in fiscal 2025 came in 16% below the $325 million its prior three years' pace pointed to (bottom 32% of its family); net income of $9 million against a prior three-year average of $115 million (top 32%); a net margin of -3.2% against -69.8% before (top 26%) (its annual reports).