For the year ending 2025-12-31, GSAT made $272,986K in revenue. -$8,651K in net income. Net profit margin of -3.17%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Total revenue | 272,986 | 250,349 | ||
| Cost of goods and services-Service | 83,181 | - | ||
| Cost of goods and services-Product | 12,905 | - | ||
| Cost of subscriber equipment sales - reduction in the value of inventory | 0 | 327 | ||
| Marketing, general and administrative | 51,428 | 43,434 | ||
| Stock-based compensation | 23,413 | 35,548 | ||
| Reduction in the value and disposal of long-lived assets | 7,228 | 556 | ||
| Cost of goods and services | - | 73,160 | ||
| Depreciation, amortization and accretion | 87,401 | 88,986 | ||
| Total operating expenses | 265,556 | 251,298 | ||
| Income (loss) from operations | 7,430 | -949 | ||
| Loss on extinguishment of debt | 0 | -27,378 | ||
| Loss on equity issuance | 0 | - | ||
| Interest income and expense, net of amounts capitalized | -40,920 | -13,562 | ||
| Foreign currency gain (loss) | 15,748 | -16,609 | ||
| Derivative gain (loss) and other income (expense) | 14,969 | -2,531 | ||
| Total other expense | -10,203 | -60,080 | ||
| Loss before income taxes | -2,773 | -61,029 | ||
| Provision at u.s. statutory rate of 21 | -582 | - | ||
| State income taxes, net of federal benefit | -1,327 | - | ||
| Adjustment to state deferred rate | -705 | - | ||
| Adjustment for filed returns-State And Local Jurisdiction | 1,135 | - | ||
| Change in valuation allowance-State And Local Jurisdiction | 2,425 | - | ||
| Effect of foreign income tax at various rates-CA | -282 | - | ||
| Adjustment to reserved deferred assets-CA | 393 | - | ||
| Other-CA | -51 | - | ||
| Change in valuation allowance-CA | -1,048 | - | ||
| Effect of foreign income tax at various rates-Canadian Provincial | 508 | - | ||
| Adjustment to reserved deferred assets-Canadian Provincial | 48 | - | ||
| Change in valuation allowance-Canadian Provincial | -556 | - | ||
| Effect of foreign income tax at various rates-BR | 528 | - | ||
| Foreign rate change-BR | -5,728 | - | ||
| Other-BR | 98 | - | ||
| Withholding tax-BR | 153 | - | ||
| Change in valuation allowance-BR | 4,617 | - | ||
| Effect of foreign income tax at various rates-IE | -527 | - | ||
| Other-IE | -43 | - | ||
| Change in valuation allowance-IE | -732 | - | ||
| Adjustment for filed returns-MX | 432 | - | ||
| Other-MX | 212 | - | ||
| Change in valuation allowance-MX | -158 | - | ||
| Effect of foreign income tax at various rates-Foreign Tax Jurisdiction Other | -42 | - | ||
| Change in valuation allowance-US | -46,978 | - | ||
| Permanent differences | 643 | - | ||
| Excess tax benefits on stock-based compensation | -3,992 | - | ||
| Section 162 compensation limitation | 3,018 | - | ||
| Imputed interest | 2,432 | - | ||
| State current tax deduction | -304 | - | ||
| Change in unrecognized tax benefits | 51,013 | - | ||
| Adjustment to reserved deferred assets | 208 | - | ||
| Stock compensation deduction limitation | 671 | - | ||
| Adjustment to reserved deferred assets - r&d | 563 | - | ||
| Adjustment to reserved deferred assets - intangibles | -445 | - | ||
| Adjustment for filed returns | 326 | - | ||
| Other-US | -45 | - | ||
| Income tax expense | 5,878 | 2,135 | ||
| Net loss | -8,651 | -63,164 | ||
| Basic EPS | -0.15 | -0.59 | ||
| Diluted EPS | -0.15 | -0.59 | ||
| Basic Average Shares | 126,757,000 | 125,877,000 | ||
| Diluted Average Shares | 126,757,000 | 125,877,000 | ||
Globalstar, Inc. (GSAT)
Globalstar, Inc. (GSAT)