Globalstar
Supplies Apple satellite capacity, remote-device connectivity, and private-wireless systems.
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Profile
Provides satellite capacity for Apple device features, IoT asset tracking, SPOT emergency messengers, satellite voice and data, government services, and Band 53/n53 private-wireless systems. Service fees generate most revenue, led by the Apple wholesale agreement, tying the business to licensed spectrum and continued satellite-network renewal.
Runs a low-Earth-orbit satellite and gateway network that supplies wholesale capacity for Apple’s iPhone and Apple Watch satellite features. Commercial IoT modules and subscriptions track remote assets, while SPOT messengers support personal tracking and emergency communications and Duplex plans provide satellite voice and data.
Extends the same communications stack into government engineering services and terrestrial wireless through licensed Band 53/n53 spectrum and XCOM RAN systems. The integrated network, devices, and ground infrastructure serve customers worldwide beyond cellular coverage.
Wholesale capacity for Apple generates most revenue and uses most network capacity. Operations depend on spectrum and satellite licenses, reliable gateways and spacecraft, and execution of the replacement and next-generation constellations. The proposed Amazon acquisition remains subject to regulatory approvals and replacement-satellite milestones.
Company facts
Categories
Key statistics
Year to date +27.8% · Average volume (30d) 928.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 18, 2026 | Craig-Hallum | Downgrade | Buy | Hold | $70 | $90 |
| Mar 2, 2026 | Craig-Hallum | Target | $70 | |||
| Dec 16, 2025 | Deutsche Bank | Target | $62 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.09 | −$0.23 | −165.4% | $72.0M | $64.8M | −10.0% | −0.25% |
| May 7, 2026Q1 FY26 | −$0.05 | −$0.16 | −223.8% | $70.9M | $70.1M | −1.2% | +0.75% |
| Feb 27, 2026Q4 FY25 | $0.01 | −$0.07 | −800.0% | $71.2M | $72.0M | +1.0% | −0.43% |
| Nov 6, 2025Q3 FY25 | −$0.01 | −$0.01 | 0.0% | $70.6M | $73.8M | +4.7% | +4.62% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $60.0M | $67.1M | $73.8M | $72.0M | $70.1M | $64.8M | |
| Gross profit | $39.4M | $44.8M | $26.5M | $44.5M | $25.8M | $41.2M | |
| Operating income | −$8.5M | $6.1M | $10.3M | −$296.0K | $8.2M | −$4.8M | |
| Net income | −$17.3M | $19.2M | −$1.6M | −$11.6M | −$17.4M | −$29.2M | |
| Diluted EPS | −$0.16 | $0.13 | −$0.01 | −$0.11 | −$0.16 | −$0.23 | |
| Gross margin | 65.6% | 66.7% | 35.9% | 61.9% | 36.8% | 63.6% | |
| Operating margin | -14.2% | 9.2% | 13.9% | -0.4% | 11.8% | -7.4% |
Fiscal years (4-quarter sums)FY21 $124.3M · FY22 $148.5M · FY23 $223.8M · FY24 $250.3M · FY25 $273.0M
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $409.8M · Total debt $411.8M · Total assets $2.44B · Shareholders' equity $292.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 128.79M · Float 51.65M · 40.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| James Monroe III | 74.06M | 57.59% | 13D | Apr 15, 2026 |
| BlackRock, Inc. | 3.24M | 2.51% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 2.32M | 1.80% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 2.19M | 1.70% | 13F | Aug 13, 2026 |
| Norges Bank | 2.08M | 1.62% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Benjamin G. Wolff | director | −19,998 | $81.98 |
| Aug 26, 2026 | James F. Lynch | director | −110,000 | $81.78 |
| Aug 21, 2026 | Benjamin G. Wolff | director | −19,998 | $82.21 |
| Aug 14, 2026 | Rebecca Clary | officer: VP & Chief Financial Officer | −24,100 | $82.17 |
| Aug 13, 2026 | Timothy Evan Taylor | director, officer: VP, Finance & Operations | −75,000 | $82.82 |
Peers
- Iridium Communications
Pole-to-pole LEO network for sat-phone, IoT, and government mobility.
- Viasat
Multi-orbit satellite leader in maritime, aviation, and government connectivity.
- AST SpaceMobile
LEO D2D cellular broadband to unmodified smartphones via carrier partnerships.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Globalstar | $81.76 | −0.01% | $10.53B | — | — | 37.5 | −3.5% |
| Iridium Communications | $46.50 | −0.24% | $4.94B | 53.0 | 40.7 | 5.6 | +3.8% |
| Viasat | $67.99 | +0.95% | $9.28B | — | — | 2.0 | −1.2% |
| AST SpaceMobile | $58.10 | +0.08% | $23.62B | — | — | 204.9 | +2,626.6% |
| Median | 53.0 | 40.7 | 5.6 | +3.8% |