Globalstar, Inc. (GSAT) FY2025 10-K Annual Report
Globalstar, Inc. (GSAT) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Globalstar, Inc. FY2025 10-K Analysis
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
Management Discussion & Analysis
- • No revenue or profitability data disclosed in provided section
- • 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
- • No cash flow, capital allocation, segment performance, or forward guidance information provided
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
Globalstar, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$273M
▲ +9.0% YoY
Net Income
-$9M
▲ +86.3% YoY
Operating Margin
2.7%
▲ +310bp YoY
Net Margin
-3.2%
▲ +2206bp YoY
ROE
-2.4%
▲ +1517bp YoY
Total Assets
$2.3B
▲ +36.0% YoY
EPS (Diluted)
$-0.15
▲ +74.6% YoY
Operating Cash Flow
$622M
▲ +41.5% YoY
Source: XBRL data from Globalstar, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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