Pulling SEC filings + quote and writing the call…

Globalstar, Inc.
Next earnings Aug 5, 2026 · consensus $-0.07 EPS, $73.4M rev
Last earnings -0.6% on 2026-05-07
A barely-profitable satellite operator priced as if the Apple wholesale deal is already worth a fortune — too rich, too levered.
Globalstar is a satellite mobile-services operator whose investment case rests almost entirely on a single wholesale customer. FY2025 revenue grew 9% to $273M, of which wholesale capacity services — the agreement with 'the Customer' (Apple) — was $172.7M, or 63% of revenue and up 19%. The traditional subscriber businesses are mixed: Commercial IoT subscribers grew to 539K with record activations, but SPOT and Duplex services and subscriber counts are shrinking. The company is only marginally profitable, posting a small $7.43M operating income (2.7% margin) and a net loss of $8.65M, continuing an unbroken string of annual losses that has built a -$2.14B accumulated deficit.
Sources: SEC EDGAR (CIK 0001366868, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:49:46 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
Unlock with Pro€15/mo · cancel anytime
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $124M | $149M | $224M | $250M | $273M |
| Gross profit | — | — | — | — | — |
| Operating income | -$65.5M | -$221M | -$165K | -$949K | $7.43M |
| Net income | -$113M | -$257M | -$24.7M | -$63.2M | -$8.65M |
| Diluted EPS | -$0.06 | -$2.15 | -$0.29 | -$0.59 | -$0.15 |
| Net margin | -90.6% | -173.0% | -11.0% | -25.2% | -3.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1072 tracked peers · median
Last 90 days: 0 open-market buys · 3 sales
| 2026-06-04 | Clary Rebecca VP & Chief Financial Officer | Sell | 920.00 @ $81.75 | $75.2K |
| 2026-05-11 | COWAN KEITH O Director | Award | 3.33K | |
| 2026-05-11 | HASLER WILLIAM A Director | Award | 3.33K | |
| 2026-05-11 | Taylor Timothy Evan VP, Finance & Operations | Award | 3.33K | |
| 2026-05-11 | Wolff Benjamin G Director | Award | 3.33K | |
| 2026-04-28 | Clary Rebecca VP & Chief Financial Officer | Sell | 4.07K @ $81.24 | $330K |
| 2026-04-27 | Clary Rebecca VP & Chief Financial Officer | Award | 9.52K | |
| 2026-04-15 | Clary Rebecca VP & Chief Financial Officer | Sell | 4.04K @ $79.85 | $322K |
| 2026-04-14 | Clary Rebecca VP & Chief Financial Officer | Award | 9.52K | |
| 2026-03-19 | JACOBS PAUL E Chief Executive Officer | Exercise | 4.44K @ $28.05 | $125K |
| 2026-03-19 | JACOBS PAUL E Chief Executive Officer | Exercise | 2.22K @ $32.85 | $73.0K |
| 2026-03-19 | JACOBS PAUL E Chief Executive Officer | Sell | 1.00 @ $59.58 | $59.58 |
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.