| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 9 | — | 17.3x | Bottom tier | |
Growth | 57 | 7.7% | 7.1% | Around median | |
Quality | 42 | 0.6% | 4.5% | Around median | |
Safety | 54 | 0.1x | 2.6x | Around median | |
Capital Return | 71 | 0.01% | 0.06% | Top tier | |
Momentum | 86 | 90.4% | -1.6% | Top tier | |
Sentiment | 34 | 1 | 3 | Bottom tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Globalstar, Inc. provides connectivity services that combine satellite networks, licensed spectrum, and terrestrial wireless communications technologies. The company generated its revenue primarily from services, with service revenue reaching $257.3 million out of total revenue of $273.0 million in fiscal year 2025, compared with $15.7 million from subscriber equipment; the two categories grew by 8% and 24%, respectively. Business drivers include wholesale services, commercial IoT communications, SPOT and Duplex products, as well as XCOM RAN, the Parsons agreement, and private-network opportunities for government and defense entities.
According to the latest EDGAR filings, Globalstar recorded revenue of $64.8 million, a net loss of $26.5 million, and a loss per share of $0.23 in the second quarter of fiscal year 2026; the data did not include a gross profit figure or a segment breakdown for the quarter. These results compare with revenue of $70.1 million and a net loss of $17.4 million in the first quarter of fiscal year 2026, implying a sequential revenue decline of approximately 7.6% and a widening of the net loss by approximately $9.1 million. On a trailing-twelve-month basis, revenue reached $280.6 million and the net loss was $54.5 million.
In the fourth quarter of fiscal year 2025, which management presented during the February 27, 2026 call, revenue reached $72.0 million, including $67.4 million from services and $4.6 million from equipment, representing approximately 94% and 6% of the mix, respectively. Service revenue grew 17% and equipment sales increased 31% compared with the fourth quarter of fiscal year 2024, while adjusted earnings before interest, taxes, depreciation, and amortization reached $32.4 million, up 7%, and the operating loss improved to $0.4 million from $4.2 million. For fiscal year 2025, the company recorded an adjusted earnings before interest, taxes, depreciation, and amortization margin of 50% and operating income of $7.4 million, but ended with a net loss of $7.6 million according to the earnings call figures.
The analyst consensus is neutral, and the average price target is $90, with the highest and lowest targets identical at the same level; this target is approximately 6% above the 52-week range high of $84.85, while the range extends to a low of $29.36. No positive price-to-earnings multiple is available because of the trailing-twelve-month net loss of $54.5 million, while the market capitalization of $10.5 billion equals approximately 37 times revenue of $280.6 million, so the valuation assumes substantial success in converting investments in C3, IoT, and XCOM RAN into growth and profitability. The relatively high target compared with the 52-week range is balanced by a neutral consensus and widening losses in the second quarter of fiscal year 2026, making operational execution central to any revaluation.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Globalstar generated revenue of $273 million in fiscal year 2025, including $257.3 million from services and $15.7 million from subscriber equipment. Service revenue grew 8%, driven primarily by wholesale services, while equipment revenue increased 24% with higher sales of commercial IoT devices. In the fourth quarter of fiscal year 2025, revenue reached $72 million, split between $67.4 million from services and $4.6 million from equipment. Other growth sources include the Parsons agreement, IoT products, and XCOM RAN, while declining Duplex and SPOT subscribers pressured quarterly results.
The company completed the commercial launch of the RM-200MS module during fiscal year 2025, and management said on February 27, 2026 that it had been tested, was ready, and was in mass production. However, customers were still building their applications and validating integrated systems, so two-way IoT revenue was not material in the fourth quarter of fiscal year 2025. Management explained that subscriber growth during that quarter remained mostly dependent on one-way systems. Nevertheless, the average number of commercial IoT subscribers increased 6%, and IoT equipment revenue rose 50% during fiscal year 2025.
Automated analysis for informational purposes only — not investment advice.
Management reported during the February 27, 2026 call that C3 had passed its critical design review, alongside the expansion of the ground network and progress in regulatory work. The company committed to spending $2 billion with the ITU on the network extension and said it had completed 50% of that commitment. Capital expenditures reached $550.4 million in fiscal year 2025 and were concentrated on replacement satellites, the extended MSS network, ground infrastructure, and global licensing. The company ended the same fiscal year with $447.5 million in cash and $410 million in debt principal, highlighting both the scale of the project and its financing resources.
Globalstar and Parsons completed a proof of concept and began customer trials, while the relationship also expanded to include private 5G solutions for the federal market. The fourth quarter of fiscal year 2025 included a revenue contribution from the Parsons agreement, while management said near-term revenue comes primarily from activating additional regions and building the network required for them. Fireworks received a $1.9 million Phase II Small Business Innovation Research contract from the Office of the Under Secretary of War, after which Globalstar selected a technology partner using XMRI5. Although management described the government opportunity pipeline as large, it confirmed on February 27, 2026 that it had not announced new awards beyond those previously disclosed.
The company generated operating income of $7.4 million in fiscal year 2025 compared with an operating loss of $0.9 million in fiscal year 2024, and its adjusted earnings before interest, taxes, depreciation, and amortization margin reached 50%. Nevertheless, it recorded a net loss of $7.6 million according to the earnings call, with burdens including early-stage investment in XCOM RAN and non-cash imputed interest related to the 2024 prepayment agreement. In the second quarter of fiscal year 2026, the net loss reached $26.5 million and loss per share was $0.23 on revenue of $64.8 million. The trailing-twelve-month net loss also reached $54.5 million, explaining the absence of a positive price-to-earnings multiple.
Management expects revenue of between $280 million and $305 million and an adjusted earnings before interest, taxes, depreciation, and amortization margin of approximately 50% in fiscal year 2026. The lower end represents growth of only approximately 2.6% compared with fiscal year 2025 revenue of $273 million, so growth could slow from the 9% rate recorded that year. Reaching the upper end depends on continued wholesale services and the conversion of RM-200MS, Parsons, and XCOM RAN into greater revenue, while two-way IoT revenue was not yet material as of February 27, 2026. Additional factors include capital expenditures of $550.4 million in fiscal year 2025 and satellite-launch, regulatory, and tariff risks that caused a cost of $1.1 million in the fourth quarter of fiscal year 2025.