Globalstar, Inc.

Globalstar is worth about $8B on $273M of revenue, and one 18-month target still sits at $55.

If you own GSAT, you own a tiny business priced like a much bigger one.

gsat

consumer mid cap updated mar 6, 2026
$60.79
market cap ~$8B · 52-week range $17–$69
xvary composite: 40 / 100 · below average
our overall rating — combines growth, value, risk, and momentum
Start here if you're new
what it is
Globalstar runs satellites that keep phones, trackers, and industrial devices connected where normal cellular networks stop.
how it gets paid
Last year Globalstar made $273M in revenue.
why it's growing
Revenue grew 9.0% last year. The 172% revenue jump matters because it shows demand is real.
what just happened
Revenue hit $201M, up 172% vs. prior year, but EPS still landed at -$0.04.
At a glance
B balance sheet — gets the job done, barely
35/100 earnings predictability — expect surprises
0.6% return on capital — nothing to write home about
$0.05 fy2027 eps est
$625M fy2029 rev est
xvary composite: 40/100 — below average
What they do
Globalstar runs satellites that keep phones, trackers, and industrial devices connected where normal cellular networks stop.
Globalstar sells coverage where towers do not exist. That sounds niche until you remember it serves customers in more than 120 countries. You also have 61% insider ownership from officers and directors, which means the people running the company are deeply tied to the same stock you own.
consumer mid-cap satellite-connectivity iot spectrum
How they make money
$273M annual revenue · their business grew +9.0% last year
total revenue
$273M
+9.0%
The products that matter
satellite connectivity services
Satellite Services
$273M company revenue
This is the operating business today. Revenue was $273M last year, up 9.0% from last year. That is growth, but still a small base for an ~$8B stock.
current business
low-earth-orbit network
LEO Satellite Network
37.0% operating margin
The network is the asset under the story. A 37.0% operating margin shows room at the operating line, but only 6.4% reaches net margin. The conversion from infrastructure to shareholder return is still thin.
core asset
two-way iot module
RM200M Module
launched oct 2025
Globalstar released the RM200M in October 2025 for IoT and two-way messaging. New hardware matters because a $273M revenue base needs more volume drivers if the $625M 2029 estimate is going to look realistic.
growth bet
Key numbers
2.7%
operating margin
Operating margin → money left after core costs → so what: Globalstar keeps just 2.7 cents from each $1 of sales.
0.6%
return on capital
Return on capital → profit earned on money invested in the business → so what: 0.6% says the assets are barely producing returns.
$625M
2029 revenue
The 2029 revenue estimate is 2.3 times last year's $273M, so the stock already assumes a lot of future growth.
$485M
long-term debt
Long-term debt → money owed beyond one year → so what: $485M is manageable at 6% of capital, but it still matters for a company with thin profits.
Financial health
B
strength
  • balance sheet grade B — adequate — nothing special
  • risk rank 4 — safer than 20% of stocks
  • price stability 5 / 100
  • long-term debt $485M (6% of capital)
  • net profit margin 6.4% — keeps 6 cents of every dollar in revenue
  • return on equity 7% — $0.07 profit for every $1 investors have put in
B — functional but not a standout on the balance sheet.
Total return vs. market

You invested $10,000 in GSAT 3 years ago → it's now worth $34,060.

The index would have given you $13,880.

same period. same starting point. GSAT beat the market by $20,180.

source: institutional data · total return
What just happened
missed estimates
Revenue hit $201M, up 172% vs. prior year, but EPS still landed at -$0.04.
Sales exploded, but the business still failed to convert that into clean profit. The last earnings report missed analyst expectations materially (verify actual vs consensus); revenue growth alone does not fix the profit line.
$201M
revenue
-$0.04
eps
n/a
n/a
the number that mattered
The 172% revenue jump matters because it shows demand is real, but the negative EPS shows the business model still has to prove it can turn scale into profit.
source: company earnings report, 2026

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What could go wrong

the #1 risk is spectrum and network monetization falling short of the valuation.

!
high
spectrum and network monetization falls short
An ~$8B market cap on $273M of revenue leaves little room for a slow rollout. The stock price is underwriting a much larger business than the current one.
if growth slips below the recent 9.0% pace, the gap between the story and the numbers gets harder to ignore.
∘
med
capital intensity outruns profits
Long-term debt is $485M while net margin is 6.4% and return on capital is 0.6%. That is a lot of infrastructure for not much economic return.
you need higher revenue and better capital efficiency, not just more assets supporting the network.
∘
med
the path to $625M proves too optimistic
The FY2029 revenue estimate is $625M, more than 2x today’s $273M base. Analysts are pricing a step-up, not a crawl.
if that path slips, the valuation has to lean on a business expected to earn only $0.05 per share in FY2027.
∘
med
volatility overwhelms the operating story
Price stability is 5 / 100 and risk rank is 4. That is the market telling you this stock can move a lot faster than the business does.
if you hold it, your entry price matters more than it would in a steadier compounder.
This is an ~$8B stock backed by a $273M business, $485M in long-term debt, and 35 / 100 predictability. If growth disappoints, valuation does most of the damage.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
next earnings report
You want revenue growth at least holding near the recent 9.0% pace, with some sign that operating strength is reaching the bottom line.
metric
the path from $273M to $625M
The 2029 revenue estimate is more than 2x the current base. Every quarter either narrows that gap or widens it.
trend
institutional buying staying consistent
118 buyers versus 63 sellers in 4Q2025 looks supportive. Watch whether that sponsorship sticks once the story has to produce harder numbers.
risk
debt versus returns
$485M in long-term debt against 0.6% return on capital is the mismatch to watch. Bigger revenue without better returns does not solve much.
Analyst rankings
earnings predictability
35 / 100
in human-speak, analysts do not see this as a clean, steady earnings story.
risk rank
4
That puts GSAT in the riskier part of the market. You should expect more drama than you get with a typical large-cap compounder.
price stability
5 / 100
The stock price has not been stable. The numbers back that up, and your position sizing should respect it.
source: institutional data
Institutional activity

institutions have been net buying for 2 consecutive quarters — 118 buyers vs. 63 sellers in 4q2025. total institutional holdings: 31.4M shares. net buying for 2 quarters.

source: institutional data · 2q2025-4q2025
source: institutional data
Price targets
3-5 year target range
$20 $90
$61 current price
$55 target midpoint · 10% from current · 3-5yr high: $90 (+50% · 10% ann'l return)
source: institutional data · analyst targets

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