GSAT: the balance sheet

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For the quarter ending 2026-03-31, GSAT has $2,377,467K in assets. $2,034,651K in debts. $358,448K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
160.37%
Quick Ratio
156.39%
Cash Ratio
141.40%
Debt to Asset Ratio
85.58%
Unit: Thousand (K) dollars
Assets Breakdown
Cash and cash equivalents
Prepaid network costs
Intangible and other assets, net...
Others
Liabilities Breakdown
Additional paid-in capital
Retained deficit
Total non-current liabilities
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	358,448	447,471	346,293	308,226
Accounts receivable, net of allowance for credit losses of 1,244 and 1,468, respectively	19,762	19,976	25,972	24,775
Inventory	10,078	9,614	11,425	11,485
Prepaid expenses and other current assets	18,257	19,667	17,298	18,905
Total current assets	406,545	496,728	400,988	363,391
Property and equipment, net	1,428,703	1,305,458	1,209,282	900,842
Operating lease right of use assets, net	67,005	66,698	67,416	60,483
Prepaid network costs	217,836	198,375	220,607	324,139
Derivative asset	111,859	114,461	120,765	117,184
Intangible and other assets, net of accumulated amortization of 14,128 and 12,511, respectively	145,519	144,545	143,292	143,110
Total assets	2,377,467	2,326,265	2,162,350	1,909,149

Current portion of long-term debt	42,400	31,835	23,503	22,708
Accounts payable and accrued expenses	72,586	56,022	45,202	38,996
Accrued network construction costs	84,328	55,218	27,931	15,989
Payables to affiliates	176	391	175	315
Deferred revenue, net	54,016	62,020	61,574	51,232
Total current liabilities	253,506	205,486	158,385	129,240
Long-term debt	432,161	451,953	485,081	468,799
Operating lease liabilities	54,315	54,549	56,166	51,406
Deferred revenue, net	837,654	806,930	672,827	473,306
Other non-current liabilities	457,015	451,618	425,066	425,518
Total non-current liabilities	1,781,145	1,765,050	1,639,140	1,419,029
Total liabilities	2,034,651	1,970,536	1,797,525	1,548,269
Preferred stock-Series APreferred Stock	-	0	0	0
Voting common stock of 0.0001 par value 143,333,334 shares authorized 128,591,126 and 128,050,400 shares issued and outstanding at march31, 2026 and december31, 2025, respectively	13	13	13	13
Additional paid-in capital	2,491,695	2,489,227	2,485,952	2,484,106
Accumulated other comprehensive income	5,325	3,286	4,039	3,030
Retained deficit	-2,154,217	-2,136,797	-2,125,179	-2,126,269
Total stockholders equity	342,816	355,729	364,825	360,880
Total liabilities and stockholders equity	2,377,467	2,326,265	2,162,350	1,909,149

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets Overview

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets