Globalstar Inc. Common Stock (GSAT)

FairStock Score: 27/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Globalstar is a tiny satellite communications operator serving remote voice and data needs with 477 employees. Revenue has grown: FY2023 was $223.8M, FY2024 was $250.3M, and FY2025 was $273.0M. But profits have not followed. FY2025 net income was $-8.7M, or diluted EPS $-0.15. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $64.8M and net income was $-26.5M, or diluted EPS $-0.23; fiscal Q1 2026 lost $17.4M. At the 2026-10-13 close of $82.68, with a $10.7B market cap, FairStock calculates a negative P/E of -172.25, P/B of 36.58, EV/EBITDA of 117.67, ROE of -15.88%, ROCE of 0.39%, and D/E of 1.43. Those are not Graham bargain numbers. The one bright spot is trailing free cash flow of $527.0M, a 4.9% FCF yield, but GAAP losses, a Piotroski score of 3/9, and an Altman Z-Score of 1.81 make me want proof that cash generation is durable. A satellite business can have barriers, but the reported returns do not yet show pricing power. FairStock's Lynch category is none because there was a loss in each of the last four years. I prefer consistent earning power bought with a margin of safety; this price already assumes a much more profitable future.

In plain English: Globalstar provides satellite phone and data services, mostly for remote areas and emergencies. The business is growing revenue, but it has been losing money in recent years, and the latest quarter showed another loss. At $82.68, the stock looks expensive compared with those losses and the company's book value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer