GSAT at a glance
Globalstar, Inc. (GSAT, SEC CIK 1366868) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and Form 4 insider filings as recently as September 22, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Globalstar, Inc. (GSAT) reported revenue of $273.0 million (up 9.0% from FY2024) and a net loss of $8.7 million. Diluted EPS was -$0.15.
- As of June 30, 2026, 28 institutional investment managers tracked by SignalX reported holding Globalstar, Inc. (GSAT) shares worth $1.1 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Ponder L Barbee IV on September 21, 2026 of 1,692 shares at $82.96 per share.
- In the last 90 days, GSAT insiders reported 1 open-market purchase ($29.8M) and 12 open-market sales ($62.8M) on Form 4, a net sale of $33.0M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $273.0M
- +9.0% vs prior year
- Insiders · 90 days
- 1 buy · 12 sells
- Net −$33.0M
- 13F holders
- 28 funds
- $1.1B · −2 vs prior quarter
- Latest 8-K
- Aug 6, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Satellite-based communications and data services
- No new products or segments introduced or emphasized in 2026 filing
- Continued focus on contractual agreements, equity incentive plans, and amendments related to satellite procurement and financial instruments
- Executives and directors reaffirm authority, including Power of Attorney to Dr. Paul E. Jacobs and Rebecca S. Clary as of February 27, 2026
- Extensive incorporation by reference to Proxy Statement for executive compensation, security ownership, related transactions, and accounting firm information for 2026 Annual Meeting
Risk Factors
- Geopolitical risk from international markets, with 25 employees in Brazil under collective bargaining agreements
- Intellectual property risk from reduced foreign patent filings and lapsing patents due to high maintenance costs abroad
- Seasonality risk with peak service revenues April-October and event-driven revenue fluctuations from emergencies and natural disasters
- Competitive risk from reliance on satellite MSS service revenues accounting for 94% of total revenues in 2025
- Employee-related operational risk with 477 employees across 15 countries, exposing to diverse labor and employment laws compliance
Management Discussion & Analysis
- Preferred Stock: 149,425 shares Series A 7.0% perpetual preferred outstanding, liquidation preference $1,000/share
- Dividends: 7.0% annual fixed rate on Series A preferred, paid quarterly; no common stock dividends paid or planned
AI summary of the GSAT 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- New merger-completion risk triggered by April 13, 2026 Amazon agreement, including possible $420 million termination fee
- Regulatory risk: HSR waiting period expired July 17, 2026, but foreign investment and satellite-telecommunications clearances remain required
- Operational risk: closing depends on HIBLEO-4 replacement-satellite milestones and continued C-3 System governmental authorizations
- Competitive risk: solicitation restrictions and shareholder support agreements may deter higher-value alternative acquisition offers
- Financial risk: merger consideration faces potential downward adjustment of up to $97 million for unmet Customer milestones
AI summary of the GSAT 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 and first-half 2026 financial and operating results announced for periods ended June 30, 2026
- Press release furnished as Exhibit 99.1, containing the substantive results
Item EX-99.1: Item EX-99.1
- Q2 revenue $64.8M, down from $67.1M, but comparable service revenue increased $3.4M excluding prior-year $6.6M out-of-period revenue
- Commercial IoT subscribers reached 580,427, while SPOT and Duplex subscribers declined to 207,606 and 15,755
Item 5.07: Submission of Matters to a Vote of Security Holders
- Two Class B director nominees elected through 2029: James F. Lynch and Timothy E. Taylor
- Ernst & Young LLP appointment ratified for 2026 with 114,793,734 votes in favor
Item 2.02: Results of Operations and Financial Condition
- Q1 2026 results covered the three months ended March 31, 2026
- Globalstar issued the results press release on May 7, 2026
AI summaries of GSAT 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for GSAT
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- Fund moves. Which tracked funds opened, added or cut GSAT, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Ponder L Barbee IV | Sell | Sep 21, 2026 | 1,692 | $82.96 |
| Monroe James III | Buy | Sep 18, 2026 | 361,600 | $82.52 |
| Ponder L Barbee IV | A | Sep 18, 2026 | 4,000 | - |
| Lynch James F | Sell | Sep 18, 2026 | 361,600 | $82.52 |
| Wolff Benjamin G | M | Aug 27, 2026 | 4,444 | - |
| Wolff Benjamin G | M | Aug 27, 2026 | 6,666 | $17.40 |
| Wolff Benjamin G | M | Aug 27, 2026 | 2,222 | - |
| Wolff Benjamin G | Sell | Aug 27, 2026 | 19,998 | $81.98 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $223.8M | $250.3M | $273.0M |
| Operating Income | -$165K | -$949K | $7.4M |
| Net Income | -$24.7M | -$63.2M | -$8.7M |
| Op. Margin | -0.1% | -0.4% | 2.7% |
| Net Margin | -11.0% | -25.2% | -3.2% |
| Balance Sheet | |||
| Total Assets | $924.3M | $1.7B | $2.3B |
| Equity | $379.0M | $358.9M | $355.7M |
| ROE | -6.5% | -17.6% | -2.4% |
| Per Share | |||
| EPS | $-0.02 | $-0.59 | $-0.15 |
| Cash Flow | |||
| Operating CF | - | $439.2M | $621.6M |
Source: XBRL data in Globalstar, Inc. (GSAT)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate GSAT share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 28 | $1.13B |
| Q1 2026 | 30 | $907.9M |
| Q4 2025 | 26 | $959.5M |
| Q3 2025 | 23 | $561.5M |
| Q2 2025 | 22 | $333.2M |
| Q1 2025 | 21 | $224.5M |
- Millennium Management+1.03M (+25202%)
- Citigroup+440.7K (+6541%)
- Morgan Stanley+124.0K (+153%)
- Two Sigma Investments+106.0K (+2139%)
- Renaissance Technologies LLC+57.3K (+254%)
- BlackRock−767.6K (-19%)
- FMR LLC (Fidelity)−490.4K (-54%)
- State Street Corp−249.7K (-16%)
- Vanguard Portfolio Management LLC−216.6K (-9%)
- Northern Trust−189.0K (-41%)
- Citadel Advisors LLC+542.5K
- Blackstone Group+19.3K
Source: 13F-HR filings on SEC EDGAR (aggregated from 150 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
GSAT filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 22, 2026 | - | - | - |
| 4 | Sep 21, 2026 | - | - | - |
| 4 | Sep 21, 2026 | - | - | - |
| 4 | Aug 28, 2026 | - | - | - |
| 4 | Aug 26, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 13, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 4 | Aug 10, 2026 | - | - | - |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 8-K | May 15, 2026 | - | Analysis | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 7, 2026 | - | Analysis | |
| 4 | Apr 28, 2026 | - | - | - |
| 4 | Apr 15, 2026 | - | - | - |
| 8-K | Apr 14, 2026 | - | Analysis | - |
| 4 | Mar 19, 2026 | - | - | - |
| 4 | Mar 12, 2026 | - | - | - |
| 4 | Mar 12, 2026 | - | - | - |
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GSAT SEC filings: frequently asked questions
Are GSAT insiders buying or selling?
In the last 90 days, Globalstar, Inc. (GSAT) officers, directors and 10% owners reported 1 open-market purchase worth $29.8 million by 1 insider and 12 open-market sales worth $62.8 million by 5 insiders on Form 4, a net sale of $33.0 million. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold GSAT stock?
As of June 30, 2026, the largest Globalstar, Inc. (GSAT) holders among the 13F filers tracked by SignalX were BlackRock ($263.0 million), Vanguard Capital Management LLC ($188.4 million), Vanguard Portfolio Management LLC ($178.2 million), State Street Corp ($104.7 million), Millennium Management ($83.7 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was GSAT's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Globalstar, Inc. (GSAT) reported revenue of $273.0 million (up 9.0% from FY2024) and a net loss of $8.7 million. Diluted EPS was -$0.15. The figures come from the XBRL data in the 10-K.
What are the main risks in GSAT's latest 10-K?
In the 10-K filed February 27, 2026, Globalstar, Inc. (GSAT) flagged: Geopolitical risk from international markets, with 25 employees in Brazil under collective bargaining agreements. Intellectual property risk from reduced foreign patent filings and lapsing patents due to high maintenance costs abroad. (AI summary of the Risk Factors section.)
What did GSAT report in its latest 8-K?
Globalstar, Inc. (GSAT) filed an 8-K on August 6, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 and first-half 2026 financial and operating results announced for periods ended June 30, 2026.
What are the latest GSAT SEC filings?
Globalstar, Inc. (GSAT) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and a Form 4 insider filing on September 22, 2026.
What is GSAT's SEC CIK number?
Globalstar, Inc. (GSAT)'s SEC Central Index Key (CIK) is 1366868. EDGAR lists every GSAT filing under that number.
Ask anything about GSAT
The research agent reads GSAT's filings, financials, insider trades and 13F holders, then answers with sources.