GSAT Globalstar, Inc. - Common Stock
$81.99
Price · Aug 21, 2026
Fundamentals as of Aug 6, 2026
52W Range
$26–$85
95% of range
Analyst Rating
BUY
10 analysts
Price Target
$90
+10% upside
P/E (TTM)
-548.9
ROE
-2.4%
Net Profit Margin
-3.2%
GSAT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$81.99
Market Cap
$10.54B
P/E (TTM)
-548.9
EPS (TTM)
$-0.15
Revenue (TTM)
$273M
Div Yield
0.10%
ROE
-2.4%
Debt/Equity
1.4
52W Range
$26 – $85
GSAT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$273M
2016-12-31
→
2025-12-31
EPS
$-0.15
2016-12-31
→
2025-12-31
Free Cash Flow
—
2016-12-31
→
2019-12-31
Margins
-3.2%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
GSAT
Peer Median
P/E (TTM)
-548.9
33.0
P/S (TTM)
38.6
2.7
P/B
29.6
7.6
EV / EBITDA
111.6
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
GSAT
Peer Median
Operating Margin
2.7%
—
Net Profit Margin
-3.2%
-14.3%
ROA
-0.43%
-4.1%
ROE
-2.4%
-24.2%
ROIC
2.8%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
GSAT
Peer Median
Debt / Equity
1.4
—
Current Ratio
2.4
1.7
Quick Ratio
2.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
GSAT
Peer Median
Revenue YoY
9.0%
—
Revenue CAGR 3Y
22.5%
—
Revenue CAGR 5Y
16.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
GSAT
Peer Median
Payout Ratio
-122.6%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
0.10%
Payout Ratio
-122.6%
5Y Div CAGR
—
GSAT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
10 analysts
- Strong Buy 2 20.0%
- Buy 5 50.0%
- Hold 3 30.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
3 analysts · 2026-08-18
Low
$90.00
High
$90.00
Median target
$90.00
+9.8%
Mean target
$90.00
+9.8%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.04%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.24 | $-0.07 | -0.17% |
| March 31, 2026 | $-0.16 | $-0.10 | -0.06% |
| Dec. 31, 2025 | $-0.11 | $-0.02 | -0.09% |
| Sept. 30, 2025 | $-0.01 | $-0.01 | 0.00% |
| June 30, 2025 | $0.13 | $-0.05 | 0.18% |
| March 31, 2025 | $-0.11 | $-0.02 | -0.09% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| GSAT | $7.82B | -406.9 | 9.0% | -3.2% | -2.4% | — |
| ASTS | — | — | 1505.2% | -482.2% | -19.3% | — |
| LUMN | $7.97B | -4.4 | -5.4% | -14.0% | 532.6% | — |
| IRDM | $1.82B | 16.4 | 4.9% | 13.1% | 24.4% | — |
| ATEX | $722M | 7.9 | 7.8% | 1394.2% | 36.1% | — |
| LILA | — | -2.4 | -0.10% | -13.8% | -74.4% | — |
| BAND | — | -35.9 | 0.71% | -1.7% | -3.3% | 39.1% |
| CCOI | $1.08B | -5.7 | -5.8% | -18.7% | 2120.8% | — |
| ELWT | — | -6.3 | 154.5% | -19.6% | 608.8% | 18.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $273M | $250M | $224M | $149M | $124M | $128M | $132M | $130M | $113M | $97M | $90M | $90M | |
| Cost of Revenue | · | · | · | · | · | · | · | · | $10M | $10M | $12M | $15M | |
| R&D Expense | $6M | $6M | $1M | $500.0K | $1M | $2M | $3M | $3M | $4M | $2M | $2M | $500.0K | |
| SG&A Expense | $51M | $43M | $43M | $33M | $35M | $42M | $45M | $55M | $39M | $41M | $37M | $34M | |
| Operating Expenses | $266M | $251M | $224M | $370M | $190M | $188M | $196M | $177M | $181M | $160M | $157M | $186M | |
| Operating Income | $7M | $-949.0K | $-165.0K | $-221M | $-66M | $-59M | $-64M | $-47M | $-68M | $-63M | $-67M | $-96M | |
| Other Non-op | $15M | $-3M | $2M | $-2M | $-675.0K | $-1M | $-3M | $-229.0K | $-3M | $-853.0K | $3M | $4M | |
| Pretax Income | $-3M | $-61M | $-24M | $-257M | $-113M | $-109M | $16M | $-6M | $-89M | $-139M | $74M | $-462M | |
| Income Tax | $6M | $2M | $1M | $73.0K | $-299.0K | $662.0K | $545.0K | $125.0K | $190.0K | $-7M | $1M | $881.0K | |
| Net Income | $-9M | $-63M | $-25M | $-257M | $-113M | $-110M | $15M | $-7M | $-89M | $-133M | $72M | $-463M | |
| EPS (Basic) | $-0.15 | $-0.59 | $-0.29 | $-2.15 | $-0.06 | $-0.07 | $0.01 | $-0.01 | $-0.08 | $-0.12 | $0.07 | $-0.50 | |
| EPS (Diluted) | $-0.15 | $-0.59 | $-0.29 | $-2.15 | $-0.06 | $-0.07 | $-0.07 | $-0.01 | $-0.08 | $-0.12 | $0.07 | $-0.50 | |
| Shares (Basic) | 126,757,000 | 125,877,000 | 122,334,000 | 120,055,000 | 1,765,139,000 | 1,642,359,000 | 1,450,768,000 | 1,269,548,000 | 1,166,581,000 | 1,064,443,000 | 1,020,149,000 | 934,356,000 | |
| Shares (Diluted) | 126,757,000 | 125,877,000 | 122,334,000 | 120,055,000 | 1,765,139,000 | 1,642,359,000 | 1,655,191,000 | 1,269,548,000 | 1,166,581,000 | 1,064,443,000 | 1,230,394,000 | 934,356,000 | |
| EBITDA | $95M | $88M | $88M | · | $31M | $38M | $32M | $43M | $9M | $14M | · | $-10M |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $447M | $391M | $57M | $32M | $14M | $13M | $8M | $15M | $42M | $10M | $7M | $7M | |
| Receivables | $20M | $27M | $49M | $26M | $21M | $22M | $22M | $19M | $17M | $15M | $15M | $15M | |
| Inventory | $10M | $11M | $15M | $9M | $14M | $14M | $16M | $14M | $7M | $8M | $12M | $15M | |
| Prepaid Expense | $20M | $19M | $23M | $14M | $20M | $16M | $17M | $13M | $7M | $5M | $4M | $8M | |
| Current Assets | $497M | $448M | $143M | $81M | $69M | $68M | $63M | $123M | $136M | $38M | $38M | $45M | |
| PP&E (Net) | $1.31B | $674M | $624M | $560M | $672M | $716M | $800M | $883M | $971M | $1.04B | $1.08B | $1.11B | |
| PP&E (Gross) | $2.34B | $1.70B | $1.63B | $1.51B | $1.60B | $1.56B | $1.55B | $1.55B | $1.55B | $1.56B | $1.52B | $1.49B | |
| Goodwill | $31M | $31M | $31M | · | · | · | · | · | · | · | · | · | |
| Intangibles | $92M | $85M | $61M | $30M | $31M | $28M | $25M | $25M | $2M | $1M | · | · | |
| Other Non-current Assets | $3M | $4M | $4M | $3M | $2M | $1M | $535.0K | $1M | $1M | · | · | · | |
| Total Assets | $2.33B | $1.71B | $924M | $738M | $814M | $888M | $966M | $1.05B | $1.13B | $1.13B | $1.18B | $1.27B | |
| Accounts Payable | $56M | $30M | $29M | $4M | $6M | $3M | $8M | $7M | $6M | $7M | $8M | $7M | |
| Accrued Liabilities | $44M | $25M | $27M | $23M | $29M | $26M | $25M | $23M | $21M | $23M | $22M | $22M | |
| Current Liabilities | $205M | $141M | $176M | $197M | $62M | $114M | $63M | $160M | $160M | $172M | $107M | $79M | |
| Capital Leases | $55M | $26M | $29M | $28M | $29M | $14M | $15M | $77.0K | $154.0K | $87.0K | $94.0K | $40.0K | |
| Deferred Tax | $1M | $711.0K | $329.0K | $322.0K | $296.0K | $755.0K | $395.0K | · | · | · | · | · | |
| Other Non-current Liabilities | $452M | $419M | $11M | $4M | $8M | $7M | $3M | $3M | $6M | $6M | $11M | $12M | |
| Total Liabilities | $1.97B | $1.35B | $545M | · | · | · | · | · | · | · | · | · | |
| Long-term Debt | $484M | $511M | $360M | $192M | $238M | $385M | $464M | $463M | $514M | $576M | $581M | $630M | |
| Total Debt | $484M | $511M | $360M | · | $238M | $385M | $464M | $463M | $514M | $576M | · | $630M | |
| Common Stock | $13.0K | $13.0K | $13.0K | $181.0K | $180.0K | $167.0K | $146.0K | $145.0K | $126.0K | $97.0K | $90.0K | $86.0K | |
| Paid-in Capital | $2.49B | $2.47B | $2.44B | $2.35B | $2.15B | $2.10B | $1.97B | $1.94B | $1.87B | $1.65B | $1.59B | $1.50B | |
| Retained Earnings | $-2.14B | $-2.13B | $-2.06B | $-2.04B | $-1.78B | $-1.67B | $-1.56B | $-1.57B | $-1.57B | $-1.48B | $-1.35B | $-1.42B | |
| AOCI | $3M | $13M | $5M | $9M | $2M | $-3M | $-3M | $-4M | $-7M | $-5M | $-5M | $-3M | |
| Stockholders' Equity | $356M | $359M | $379M | $315M | $365M | $423M | $407M | $359M | $291M | $162M | $237M | $79M | |
| Liabilities + Equity | $2.33B | $1.71B | $924M | $738M | $814M | $888M | $966M | $1.05B | $1.13B | $1.13B | $1.18B | $1.27B | |
| Shares Outstanding | 128,050,400 | 126,425,000 | 125,412,979 | 1,811,074,696 | 1,796,528,871 | 1,674,668,617 | 1,464,544,144 | 1,446,783,645 | 1,261,949,123 | 972,602,824 | 904,448,226 | 864,378,563 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $87M | $89M | $88M | $94M | $96M | $97M | $96M | $90M | $77M | $77M | $77M | $86M | |
| Stock-based Comp | $23M | $36M | $22M | $11M | $7M | $6M | $6M | $7M | $5M | $5M | $3M | $3M | |
| Deferred Tax | $69.0K | $382.0K | $33.0K | $0 | $-459.0K | $360.0K | $395.0K | $0 | $0 | $0 | $2M | $-2M | |
| Amort. of Intangibles | $5M | $4M | $1M | $1M | $1M | $1M | · | · | $300.0K | $300.0K | $400.0K | $600.0K | |
| Other Non-cash | $519M | $377M | $-12M | · | $142M | $29M | $-114M | $-85M | $20M | $59M | · | $379M | |
| Operating Cash Flow | $622M | $439M | $74M | $64M | $132M | $22M | $3M | $6M | $14M | $9M | $2M | $4M | |
| CapEx | · | · | · | · | · | · | $5M | $7M | $6M | $9M | $6M | $3M | |
| Investing Cash Flow | $-550M | $-261M | $-176M | $-40M | $-45M | $-15M | $-11M | $-17M | $-21M | $-25M | $-33M | $-19M | |
| Stock Issued | $0 | $176M | $0 | $0 | $44M | $0 | $4M | $59M | $115M | $0 | $0 | $65M | |
| Net Stock Activity | $0 | $176M | $0 | · | $44M | $0 | $4M | $59M | $115M | · | · | · | |
| Dividends Paid | $11M | $11M | $12M | $0 | $0 | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-16M | $157M | $126M | $-6M | $-140M | $1M | $-8M | $-18M | $64M | $19M | $33M | $5M | |
| Net Change in Cash | $56M | $334M | $25M | $18M | $-54M | $9M | $-16M | $-30M | $57M | $3M | $355.0K | $-10M | |
| Taxes Paid | $6M | $2M | $300.0K | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | · | · | · | · | · | · | $-2M | $-1M | $8M | $-572.0K | · | $-692.0K |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 2.7% | -0.38% | -0.07% | · | -52.7% | -46.1% | · | · | -61.1% | -65.7% | · | -106.5% | |
| Net Margin | -3.2% | -25.2% | -11.0% | · | -90.6% | -85.3% | · | · | -79.1% | -136.9% | · | -513.9% | |
| Pretax Margin | -1.0% | -24.4% | -10.5% | · | -90.8% | -84.8% | · | · | -78.9% | -143.7% | · | -513.0% | |
| EBITDA Margin | 34.7% | 35.2% | 39.3% | · | 24.7% | 29.3% | · | · | 7.7% | 14.2% | · | -10.8% | |
| ROA | -0.43% | -4.8% | -3.0% | · | -13.2% | -11.8% | 1.5% | -0.60% | -7.9% | -11.5% | · | -35.0% | |
| ROE | -2.4% | -16.8% | -6.5% | · | -30.0% | -25.2% | 3.7% | -1.7% | -39.3% | -66.5% | · | -473.1% | |
| ROIC | 2.8% | -0.11% | -0.02% | · | -10.8% | -7.4% | -7.1% | -5.9% | -8.6% | -8.2% | · | -13.6% |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.4 | 3.2 | 0.8 | · | 1.1 | 0.6 | 1.0 | 0.8 | 0.9 | 0.2 | · | 0.6 | |
| Quick Ratio | 2.3 | 3.0 | 0.6 | · | 0.6 | 0.3 | 0.5 | 0.2 | 0.4 | 0.1 | · | 0.3 | |
| Debt / Equity | 1.4 | 1.4 | 1.0 | · | 0.7 | 0.9 | 1.1 | 1.3 | 1.8 | 3.6 | · | 8.0 | |
| LT Debt / Equity | 1.3 | 1.3 | 0.9 | · | 0.7 | 0.8 | 1.1 | 1.0 | 1.5 | 3.1 | · | 7.9 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.2 | 0.3 | · | 0.1 | 0.1 | · | · | 0.1 | 0.1 | · | 0.1 | |
| Inventory Turnover | · | · | · | · | · | · | · | · | 1.3 | 1.0 | · | 0.6 | |
| Receivables Turnover | 11.6 | 6.6 | 6.0 | · | 5.7 | 5.9 | · | · | 7.0 | 6.5 | · | 5.9 |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 9.0% | 11.9% | 50.7% | 19.5% | -3.3% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 22.5% | 26.3% | 20.3% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 16.3% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $273M | $250M | $224M | $149M | $124M | $128M | $132M | $130M | $113M | $97M | $90M | $90M | |
| Net Income TTM | $-9M | $-63M | $-25M | $-257M | $-113M | $-110M | $15M | $-7M | $-89M | $-133M | $72M | $-463M | |
| Market Cap | $7.82B | $3.93B | $54.74B | · | $31.26B | $8.54B | $11.42B | $13.89B | $24.80B | $23.05B | · | $35.66B | |
| Enterprise Value | $7.85B | $4.05B | $55.05B | · | $31.48B | $8.91B | $11.88B | $14.34B | $25.27B | $23.62B | · | $36.28B | |
| P/E | -406.9 | -52.6 | -100.3 | -9.3 | -290.0 | -72.9 | -111.4 | -960.0 | -245.6 | -197.5 | 308.6 | -82.5 | |
| P/S | 28.6 | 15.7 | 244.6 | · | 251.5 | 66.5 | 86.7 | 106.7 | 220.1 | 238.0 | · | 395.9 | |
| P/B | 22.0 | 10.9 | 144.4 | · | 85.5 | 20.2 | 28.0 | 38.7 | 85.1 | 142.4 | · | 451.8 | |
| P / Tangible Book | 33.6 | 16.1 | 190.3 | 127.1 | 93.5 | 21.6 | · | · | · | · | · | · | |
| P / Cash Flow | 12.6 | 8.9 | 736.4 | · | 237.0 | 384.5 | 3747.8 | 2346.1 | 1789.5 | 2615.5 | · | 8956.4 | |
| P / FCF | · | · | · | · | · | · | -7389.0 | -9719.5 | 2976.2 | -40298.4 | · | -51525.5 | |
| EV / EBITDA | 82.8 | 46.0 | 625.3 | · | 1024.4 | 236.7 | 374.5 | 333.0 | 2900.5 | 1722.1 | · | -3721.3 | |
| EV / FCF | · | · | · | · | · | · | -7684.4 | -10033.1 | 3032.8 | -41288.0 | · | -52425.7 | |
| EV / Revenue | 28.8 | 16.2 | 246.0 | · | 253.3 | 69.4 | 90.2 | 110.2 | 224.3 | 243.8 | · | 402.8 | |
| Dividend Yield | 0.14% | 0.27% | 0.02% | · | 0.00% | · | · | · | · | · | · | · | |
| Earnings Yield | -0.25% | -1.9% | -1.0% | -10.8% | -0.34% | -1.4% | -0.90% | -0.10% | -0.41% | -0.51% | 0.32% | -1.2% | |
| Payout Ratio | -122.6% | -16.8% | -48.3% | · | · | · | · | · | · | · | · | · | |
| Annual Payout | $11M | $11M | $12M | $0 | $0 | · | · | · | · | · | · | · |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65M | $70M | $72M | $74M | $67M | $60M | $61M | $72M | $60M | $56M | $52M | $58M | $55M | $59M | $41M | $38M | |
| SG&A Expense | $23M | $15M | $19M | $11M | $10M | $12M | $12M | $10M | $10M | $11M | $12M | $12M | $10M | $10M | $6M | $9M | |
| Operating Expenses | $70M | $62M | $72M | $64M | $61M | $69M | $65M | $63M | $62M | $61M | $64M | $56M | $52M | $51M | $51M | $224M | |
| Operating Income | $-5M | $8M | $-371.0K | $10M | $6M | $-9M | $-4M | $9M | $-1M | $-5M | $-12M | $2M | $3M | $7M | $-9M | $-187M | |
| Other Non-op | $0 | $-3M | $5M | $4M | $7M | $-413.0K | $-2M | $186.0K | $58.0K | $-849.0K | $1M | $25.0K | $447.0K | $-99.0K | $-1M | $-884.0K | |
| Pretax Income | $-23M | $-16M | $-10M | $2M | $17M | $-13M | $-50M | $12M | $-10M | $-13M | $-14M | $-6M | $35.0K | $-3M | $-5M | $-205M | |
| Income Tax | $4M | $2M | $2M | $1M | $-2M | $5M | $213.0K | $2M | $182.0K | $8.0K | $938.0K | $115.0K | $26.0K | $44.0K | $22.0K | $-153.0K | |
| Net Income | $-27M | $-17M | $-12M | $1M | $19M | $-17M | $-50M | $10M | $-10M | $-13M | $-15M | $-6M | $9.0K | $-3M | $-5M | $-204M | |
| EPS (Basic) | $-0.23 | $-0.16 | $-0.11 | $-0.01 | $0.13 | $-0.16 | $-0.42 | $0.06 | $-0.10 | $-0.13 | $-0.29 | $0.00 | $0.00 | $0.00 | $-2.02 | $-0.11 | |
| EPS (Diluted) | $-0.23 | $-0.16 | $-0.11 | $-0.01 | $0.13 | $-0.16 | $-0.42 | $0.06 | $-0.10 | $-0.13 | $-0.29 | $0.00 | $0.00 | $0.00 | $-2.02 | $-0.11 | |
| Shares (Basic) | 129,122,000 | 128,417,000 | -253,021,000 | 126,688,000 | 126,614,000 | 126,476,000 | -251,394,000 | 126,150,000 | 125,614,000 | 125,507,000 | -5,339,141,000 | 1,836,251,000 | 1,813,393,000 | 1,811,831,000 | -5,278,006,000 | 1,800,504,000 | |
| Shares (Diluted) | 129,122,000 | 128,417,000 | -254,261,000 | 126,688,000 | 127,854,000 | 126,476,000 | -252,581,000 | 127,337,000 | 125,614,000 | 125,507,000 | -5,339,141,000 | 1,836,251,000 | 1,813,393,000 | 1,811,831,000 | -5,278,006,000 | 1,800,504,000 | |
| EBITDA | $12M | $27M | · | $32M | $29M | $14M | · | $32M | $21M | $17M | · | $24M | $25M | $29M | · | $-162M |
Balance Sheet 27
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $410M | $358M | $447M | $346M | $308M | $241M | $391M | $52M | $64M | $59M | · | $64M | $65M | $20M | · | $15M | |
| Receivables | $21M | $20M | $20M | $26M | $25M | $23M | $27M | $43M | $43M | $43M | · | $43M | $30M | $28M | · | $30M | |
| Inventory | $11M | $10M | $10M | $11M | $11M | $10M | $11M | $12M | $13M | $14M | · | $12M | $11M | $10M | · | $9M | |
| Prepaid Expense | $22M | $18M | $20M | $17M | $19M | $18M | $19M | $21M | $23M | $19M | · | $24M | $15M | $14M | · | $13M | |
| Current Assets | $463M | $407M | $497M | $401M | $363M | $292M | $448M | $127M | $144M | $136M | · | $144M | $121M | $73M | · | $66M | |
| PP&E (Net) | $1.54B | $1.43B | $1.31B | $1.21B | $901M | $774M | $674M | $617M | $621M | $626M | · | $613M | $606M | $564M | · | $533M | |
| PP&E (Gross) | $2.61B | $2.48B | $2.34B | $2.22B | $1.94B | $1.79B | $1.70B | $1.68B | $1.67B | $1.66B | · | $1.61B | $1.59B | $1.53B | · | $1.46B | |
| Goodwill | · | · | $31M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Intangibles | · | · | $92M | · | · | · | $85M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | · | · | $3M | · | · | · | $4M | · | · | · | · | · | · | · | · | · | |
| Total Assets | $2.44B | $2.38B | $2.33B | $2.16B | $1.91B | $1.73B | $1.71B | $918M | $926M | $917M | · | $911M | $832M | $845M | · | $747M | |
| Accounts Payable | $121M | $73M | $56M | $45M | $39M | $32M | $30M | $34M | $26M | $28M | · | $4M | $3M | $11M | · | $2M | |
| Accrued Liabilities | · | · | $44M | · | · | · | $25M | · | · | · | · | $25M | $30M | $71M | · | $28M | |
| Current Liabilities | $300M | $254M | $205M | $158M | $129M | $129M | $141M | $117M | $138M | $136M | · | $185M | $174M | $163M | · | $147M | |
| Capital Leases | $53M | $54M | $55M | $56M | $51M | $34M | $26M | $29M | $29M | $28M | · | $30M | $28M | $29M | · | $26M | |
| Deferred Tax | · | · | $1M | · | · | · | $711.0K | · | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $463M | $457M | $452M | $425M | $426M | $423M | $419M | $18M | $18M | $10M | · | $4M | $4M | $4M | · | $4M | |
| Total Liabilities | $2.15B | $2.03B | $1.97B | $1.80B | $1.55B | $1.38B | $1.35B | · | · | · | · | · | · | · | · | · | |
| Long-term Debt | $359M | $475M | $484M | $509M | $492M | $503M | $511M | $394M | $393M | $399M | · | $339M | $337M | $182M | · | $326M | |
| Total Debt | $359M | $475M | · | $509M | $492M | $503M | · | $394M | $393M | $399M | · | $339M | $337M | $182M | · | $326M | |
| Common Stock | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | $189.0K | $189.0K | $188.0K | · | $188.0K | $181.0K | $181.0K | · | $180.0K | |
| Paid-in Capital | $2.49B | $2.49B | $2.49B | $2.49B | $2.48B | $2.48B | $2.47B | $2.47B | $2.46B | $2.45B | · | $2.42B | $2.35B | $2.35B | · | $2.16B | |
| Retained Earnings | $-2.21B | $-2.15B | $-2.14B | $-2.13B | $-2.13B | $-2.15B | $-2.13B | $-2.08B | $-2.09B | $-2.08B | · | $-2.05B | $-2.04B | $-2.04B | · | $-2.03B | |
| AOCI | $7M | $5M | $3M | $4M | $3M | $11M | $13M | $6M | $9M | $7M | · | $9M | $7M | $8M | · | $15M | |
| Stockholders' Equity | $293M | $343M | $356M | $365M | $361M | $344M | $359M | $394M | $383M | $377M | $379M | $383M | $315M | $310M | $315M | $136M | |
| Liabilities + Equity | $2.44B | $2.38B | $2.33B | $2.16B | $1.91B | $1.73B | $1.71B | $918M | $926M | $917M | · | $911M | $832M | $845M | · | $747M | |
| Shares Outstanding | 129,562,435 | 128,591,126 | 128,050,400 | 126,821,483 | 126,669,119 | 126,579,435 | 126,424,799 | 1,892,348,276 | 1,892,156,225 | 1,883,934,020 | · | 1,876,120,002 | 1,813,971,721 | 1,813,111,673 | · | 1,800,523,430 |
Cash Flow 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $17M | $18M | $20M | $22M | $23M | $22M | $23M | $22M | $22M | $22M | $23M | $22M | $22M | $22M | $22M | $24M | |
| Stock-based Comp | $3M | $3M | $6M | $5M | $6M | $7M | $9M | $8M | $9M | $9M | $12M | $4M | $3M | $4M | $6M | $2M | |
| Other Non-cash | · | $32M | · | · | · | $40M | · | · | · | $12M | · | · | · | $592.0K | · | · | |
| Operating Cash Flow | $125M | $35M | $176M | $236M | $158M | $52M | $341M | $32M | $37M | $30M | $6M | $26M | $20M | $23M | $32M | $11M | |
| Investing Cash Flow | $-92M | $-116M | $-64M | $-214M | $-81M | $-191M | $-153M | $-33M | $-20M | $-54M | $-33M | $-18M | $-53M | $-72M | $-15M | $-3M | |
| Dividends Paid | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $0 | $0 | |
| Financing Cash Flow | $19M | $-8M | $-10M | $16M | $-11M | $-11M | $152M | $-11M | $-11M | $27M | $20M | $-9M | $78M | $37M | $-162.0K | $-6M | |
| Net Change in Cash | $51M | $-89M | $101M | $38M | $67M | $-150M | $339M | $-12M | $5M | $3M | $-7M | $-1M | $45M | $-12M | $17M | $2M |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -7.4% | 11.7% | · | 13.8% | 9.2% | -14.2% | · | 13.1% | -2.4% | -8.3% | · | 3.5% | 4.8% | 12.3% | · | -496.0% | |
| Net Margin | -41.0% | -24.9% | · | 1.5% | 28.6% | -28.9% | · | 13.7% | -16.0% | -23.4% | · | -10.7% | 0.02% | -5.9% | · | -543.1% | |
| Pretax Margin | -34.9% | -22.6% | · | 3.0% | 25.9% | -21.2% | · | 16.1% | -15.7% | -23.4% | · | -10.5% | 0.06% | -5.9% | · | -543.5% | |
| EBITDA Margin | 18.6% | 37.9% | · | 43.1% | 43.4% | 22.9% | · | 43.8% | 34.3% | 30.8% | · | 41.4% | 44.5% | 49.7% | · | -431.6% | |
| ROA | -1.2% | -0.85% | · | 0.07% | 1.4% | -1.3% | · | 1.1% | -1.1% | -1.5% | · | -0.74% | 0.00% | -0.41% | · | -25.1% | |
| ROE | -8.1% | -5.1% | · | 0.29% | 5.2% | -4.8% | · | 2.6% | -2.8% | -3.8% | · | -2.4% | 0.00% | -1.1% | · | -78.5% | |
| ROIC | -0.86% | 1.1% | · | 0.58% | 0.80% | -1.4% | · | 1.0% | -0.19% | -0.61% | · | 0.28% | 0.10% | 1.5% | · | -40.4% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.5 | 1.6 | · | 2.5 | 2.8 | 2.3 | · | 1.1 | 1.0 | 1.0 | · | 0.8 | 0.7 | 0.4 | · | 0.4 | |
| Quick Ratio | 1.4 | 1.5 | · | 2.4 | 2.6 | 2.0 | · | 0.8 | 0.8 | 0.8 | · | 0.6 | 0.5 | 0.3 | · | 0.3 | |
| Debt / Equity | 1.2 | 1.4 | · | 1.4 | 1.4 | 1.5 | · | 1.0 | 1.0 | 1.1 | · | 0.9 | 1.1 | 0.6 | · | 2.4 | |
| LT Debt / Equity | 1.1 | 1.3 | · | 1.3 | 1.3 | 1.4 | · | 0.9 | 0.9 | 1.0 | · | 0.8 | 1.0 | 0.6 | · | 1.9 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.0 | |
| Receivables Turnover | 2.9 | 3.3 | · | 2.1 | 2.0 | 1.8 | · | 1.7 | 1.6 | 1.6 | · | 1.6 | 2.0 | 2.2 | · | 1.2 |
Valuation (TTM) 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $276M | $271M | · | $273M | $260M | $249M | · | $247M | $230M | $228M | · | $209M | $188M | $166M | · | $140M | |
| Net Income TTM | $-24M | $-14M | · | $13M | $2M | $-30M | · | $-19M | $-29M | $-23M | · | $-214M | $-235M | $-255M | · | $-282M | |
| Market Cap | $10.53B | $8.54B | · | $4.62B | $2.98B | $2.64B | · | $35.20B | $31.79B | $41.54B | · | $36.87B | $29.39B | $31.55B | · | $42.94B | |
| Enterprise Value | $10.48B | $8.66B | · | $4.78B | $3.17B | $2.90B | · | $35.54B | $32.12B | $41.88B | · | $37.14B | $29.66B | $31.71B | · | $43.25B | |
| P/E | -301.1 | -332.1 | · | 1819.5 | -336.4 | -63.2 | · | -109.4 | -73.0 | -169.6 | · | -178.6 | -135.0 | -133.8 | · | -159.0 | |
| P/S | 38.2 | 31.5 | · | 16.9 | 11.5 | 10.6 | · | 142.6 | 138.4 | 182.3 | · | 176.4 | 156.2 | 190.2 | · | 307.1 | |
| P/B | 36.0 | 24.9 | · | 12.7 | 8.3 | 7.7 | · | 89.3 | 83.0 | 110.2 | · | 96.2 | 93.2 | 101.8 | · | 316.7 | |
| P / Tangible Book | 36.0 | 24.9 | · | 12.7 | 8.3 | 7.7 | · | 89.3 | 83.0 | 110.2 | · | 96.2 | 93.2 | 101.8 | · | 316.7 | |
| P / Cash Flow | · | 242.5 | · | · | · | 50.9 | · | · | · | 1393.1 | · | · | · | 1383.4 | · | · | |
| EV / EBITDA | 871.5 | 325.9 | · | 150.0 | 108.6 | 210.6 | · | 1121.7 | 1552.4 | 2409.0 | · | 1555.2 | 1210.0 | 1088.8 | · | -266.3 | |
| EV / Revenue | 38.0 | 31.9 | · | 17.5 | 12.2 | 11.6 | · | 144.0 | 139.9 | 183.8 | · | 177.7 | 157.6 | 191.2 | · | 309.4 | |
| Earnings Yield | -0.33% | -0.30% | · | 0.05% | -0.30% | -1.6% | · | -0.91% | -1.4% | -0.59% | · | -0.56% | -0.74% | -0.75% | · | -0.63% | |
| Payout Ratio | · | -15.0% | · | · | · | -15.1% | · | · | · | -20.0% | · | · | · | -113.5% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $273M | $250M | $224M | $149M | $124M |
| Operating Margin % | 2.7% | -0.38% | -0.07% | — | -52.7% |
| Net Income | $-9M | $-63M | $-25M | $-257M | $-113M |
| Diluted EPS | $-0.15 | $-0.59 | $-0.29 | $-2.15 | $-0.06 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.4 | 1.4 | 1.0 | — | 0.7 |
| Current Ratio | 2.4 | 3.2 | 0.8 | — | 1.1 |
| Quick Ratio | 2.3 | 3.0 | 0.6 | — | 0.6 |
Latest News Recent headlines mentioning this company
- Is It Too Late to Buy Globalstar Stock Following the Amazon Acquisition Announcement?
- Amazon’s $12B Globalstar Acquisition Paid for Itself 10x Over in One Day
- Stock Market Today, April 14: Amazon Rises After $11.6 Billion Globalstar Deal Fuels Satellite Internet Ambitions
- Why Wall Street loves Amazon's deal to buy satellite firm Globalstar
- Why Amazon Stock Just Popped
- Could Acquiring the Satellite Communications Company Globalstar Send Amazon Stock Soaring?
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Institutional owners (13F) 365 filers · $2.6B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 115 (+46 vs prior Q) | 60 (+28 vs prior Q) | 91 (-2 vs prior Q) | 86 (+3 vs prior Q) | +3.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $188,400,224 | 2,317,631 | 7.35% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $178,223,854 | 2,192,445 | 6.95% | Shares |
| NORGES BANK | $169,477,700 | 2,084,853 | 6.61% | Shares |
| Pentwater Capital Management LP | $110,147,950 | 1,355,000 | 4.30% | Shares |
| STATE STREET CORP | $104,741,190 | 1,288,488 | 4.09% | Shares |
| BECK MACK & OLIVER LLC | $89,771,799 | 1,104,340 | 3.50% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $87,342,514 | 1,074,227 | 3.41% | Shares |
| MILLENNIUM MANAGEMENT LLC | $83,731,464 | 1,030,034 | 3.27% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $80,567,982 | 991,118 | 3.14% | Shares |
| LMR Partners LLP | $68,690,050 | 845,000 | 2.68% | Shares |
| MILLENNIUM MANAGEMENT LLC | $62,991,621 | 774,900 | 2.46% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $57,496,417 | 707,300 | 2.24% | Call option |
| CITADEL ADVISORS LLC | $44,097,142 | 542,467 | 1.72% | Shares |
| ASHFORD CAPITAL MANAGEMENT INC | $41,433,513 | 509,700 | 1.62% | Shares |
| Troluce Capital Advisors LLC | $40,645,000 | 500,000 | 1.59% | Put option |
| ALPINE ASSOCIATES MANAGEMENT INC. | $38,015,025 | 467,647 | 1.48% | Shares |
| WOLVERINE TRADING, LLC | $37,594,773 | 1,062,900 | 1.47% | Call option |
| MILLENNIUM MANAGEMENT LLC | $36,921,918 | 454,200 | 1.44% | Call option |
| EQUITEC PROPRIETARY MARKETS, LLC | $34,223,090 | 421,000 | 1.33% | Call option |
| FMR LLC | $33,980,521 | 418,016 | 1.33% | Shares |
| CITIGROUP INC | $33,810,462 | 415,924 | 1.32% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $33,606,749 | 413,418 | 1.31% | Shares |
| AMERICAN CENTURY COMPANIES INC | $32,097,512 | 394,851 | 1.25% | Shares |
| CITADEL ADVISORS LLC | $31,228,123 | 384,157 | 1.22% | Call option |
| Qube Research & Technologies Ltd | $30,720,385 | 377,911 | 1.20% | Shares |
| Slotnik Capital, LLC | $28,451,500 | 350,000 | 1.11% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $27,005,676 | 332,214 | 1.05% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $26,465,098 | 325,564 | 1.03% | Shares |
| SOFTBANK GROUP CORP. | $26,094,334 | 321,003 | 1.02% | Shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | $24,387,000 | 300,000 | 0.95% | Shares |
| AMERIPRISE FINANCIAL INC | $23,323,973 | 286,920 | 0.91% | Shares |
| JANE STREET GROUP, LLC | $21,896,031 | 269,357 | 0.85% | Call option |
| Voleon Capital Management LP | $21,247,987 | 261,385 | 0.83% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $19,530,654 | 240,259 | 0.76% | Shares |
| Troluce Capital Advisors LLC | $19,135,666 | 235,400 | 0.75% | Call option |
| Walleye Trading LLC | $18,444,701 | 226,900 | 0.72% | Call option |
| P SCHOENFELD ASSET MANAGEMENT LP | $17,639,930 | 217,000 | 0.69% | Shares |
| AQR Arbitrage LLC | $14,432,958 | 177,549 | 0.56% | Shares |
| RAYMOND JAMES FINANCIAL INC | $13,862,059 | 170,526 | 0.54% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $12,128,468 | 149,200 | 0.47% | Put option |
| Man Group plc | $11,824,850 | 145,465 | 0.46% | Shares |
| Defiance ETFs, LLC | $11,243,077 | 138,872 | 0.44% | Shares |
| CAXTON ASSOCIATES LLP | $10,793,930 | 132,783 | 0.42% | Shares |
| Senvest Management, LLC | $10,511,610 | 129,310 | 0.41% | Shares |
| GOLDMAN SACHS GROUP INC | $10,485,516 | 128,989 | 0.41% | Shares |
| MORGAN STANLEY | $10,439,343 | 128,421 | 0.41% | Shares |
| LBP AM SA | $10,344,153 | 127,250 | 0.40% | Shares |
| MARSHALL WACE, LLP | $9,485,974 | 116,693 | 0.37% | Shares |
| TUDOR INVESTMENT CORP ET AL | $9,169,512 | 112,800 | 0.36% | Call option |
| FIRST TRUST ADVISORS LP | $9,120,250 | 112,194 | 0.36% | Shares |
| TWO SIGMA INVESTMENTS, LP | $9,016,849 | 110,922 | 0.35% | Shares |
| CITIGROUP INC | $9,013,029 | 110,875 | 0.35% | Call option |
| Robertson Stephens Wealth Management, LLC | $8,909,872 | 109,606 | 0.35% | Shares |
| Swiss National Bank | $8,389,372 | 103,203 | 0.33% | Shares |
| Balyasny Asset Management L.P. | $8,242,806 | 101,400 | 0.32% | Call option |
| Point72 Asset Management, L.P. | $8,104,613 | 99,700 | 0.32% | Call option |
| Merrion Investment Management Co, LLC | $7,737,260 | 95,181 | 0.30% | Shares |
| CITADEL ADVISORS LLC | $7,641,260 | 94,000 | 0.30% | Put option |
| TIG Advisors, LLC | $7,543,468 | 92,797 | 0.29% | Shares |
| BlackRock, Inc. | $7,236,924 | 89,026 | 0.28% | Shares |
| EQUITEC PROPRIETARY MARKETS, LLC | $7,064,101 | 86,900 | 0.28% | Put option |
| JANE STREET GROUP, LLC | $6,812,102 | 83,800 | 0.27% | Put option |
| D. E. Shaw & Co., Inc. | $6,698,296 | 82,400 | 0.26% | Call option |
| BARCLAYS PLC | $6,503,200 | 80,000 | 0.25% | Call option |
| BARCLAYS PLC | $6,503,200 | 80,000 | 0.25% | Put option |
| RENAISSANCE TECHNOLOGIES LLC | $6,495,071 | 79,900 | 0.25% | Shares |
| Weiss Asset Management LP | $6,459,229 | 79,303 | 0.25% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $6,367,039 | 78,325 | 0.25% | Shares |
| New York Life Investment Management LLC | $6,285,180 | 77,318 | 0.25% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $5,962,296 | 73,346 | 0.23% | Shares |
| D. E. Shaw & Co., Inc. | $5,725,499 | 70,433 | 0.22% | Shares |
| BANK OF AMERICA CORP /DE/ | $5,635,186 | 69,322 | 0.22% | Shares |
| Sovran Advisors, LLC | $5,240,352 | 66,300 | 0.20% | Shares |
| TORONTO DOMINION BANK | $5,072,496 | 62,400 | 0.20% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $4,967,063 | 61,103 | 0.19% | Shares |
| MOORE CAPITAL MANAGEMENT, LP | $4,877,400 | 60,000 | 0.19% | Shares |
| MOORE CAPITAL MANAGEMENT, LP | $4,877,400 | 60,000 | 0.19% | Put option |
| Quantbot Technologies LP | $4,866,832 | 59,870 | 0.19% | Shares |
| ALLIANCEBERNSTEIN L.P. | $4,476,376 | 67,395 | 0.17% | Shares |
| Caption Management, LLC | $4,470,950 | 55,000 | 0.17% | Put option |
| P SCHOENFELD ASSET MANAGEMENT LP | $4,454,692 | 54,800 | 0.17% | Call option |
| Broad Bay Capital Management, LP | $4,277,236 | 52,617 | 0.17% | Shares |
| WOLVERINE TRADING, LLC | $4,265,622 | 120,600 | 0.17% | Put option |
| Centiva Capital, LP | $4,251,467 | 52,300 | 0.17% | Put option |
| Jain Global LLC | $4,168,876 | 51,284 | 0.16% | Shares |
| American Alpha Advisors, LLC | $4,064,500 | 50,000 | 0.16% | Shares |
| ExodusPoint Capital Management, LP | $3,996,216 | 49,160 | 0.16% | Shares |
| RHUMBLINE ADVISERS | $3,989,433 | 49,070 | 0.16% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $3,956,772 | 59,572 | 0.15% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $3,838,920 | 47,225 | 0.15% | Shares |
| Magnetar Financial LLC | $3,804,860 | 46,806 | 0.15% | Shares |
| GABELLI & Co INVESTMENT ADVISERS, INC. | $3,731,211 | 45,900 | 0.15% | Shares |
| GABELLI FUNDS LLC | $3,686,502 | 45,350 | 0.14% | Shares |
| Greenhouse Funds LLLP | $3,636,589 | 44,736 | 0.14% | Shares |
| Kintayl Capital LP | $3,524,734 | 43,360 | 0.14% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $3,243,390 | 39,899 | 0.13% | Shares |
| Vanguard Investments Australia, Ltd. | $3,226,807 | 39,695 | 0.13% | Shares |
| Governors Lane LP | $3,015,859 | 37,100 | 0.12% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $2,967,085 | 36,500 | 0.12% | Put option |
| Caption Management, LLC | $2,882,381 | 35,458 | 0.11% | Shares |
Company insiders 28 insiders · 2 officers · 3 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Paul E Jacobs | Chief Executive Officer | March 19, 2026 M | 67,032 | 0 | 5 | $-2,033,296 |
| Thomas M Colby | Chief Operating Officer | Aug. 11, 2008 A | 10,000 | 0 | 0 | $0 |
| William A Hasler | Director | May 11, 2026 A | 65,546 | 0 | 0 | $0 |
| Keith O Cowan | Director | May 11, 2026 A | 61,746 | 0 | 0 | $0 |
| Rebecca Clary | — | Aug. 14, 2026 S | 96,540 | 0 | 5 | $-2,214,963 |
| Timothy Evan Taylor | — | Aug. 13, 2026 S | 170,244 | 0 | 10 | $-14,103,947 |
| Benjamin G Wolff | — | Aug. 12, 2026 S | 4,116 | 0 | 2 | $-4,726,188 |
| Barbee L Ponder IV | — | Aug. 11, 2026 S | 126,583 | 0 | 2 | $-1,396,478 |
| James F Lynch | — | Jan. 5, 2026 A | 57,879 | 0 | 0 | $0 |
| James Monroe III | — | Jan. 5, 2026 A | 45,880 | 0 | 0 | $0 |
| Michael J Lovett | — | Jan. 2, 2024 A | 653,667 | 0 | 0 | $0 |
| David B. Kagan | — | Aug. 29, 2023 F | 5,075,257 | 0 | 0 | $0 |
| Richard S Roberts | — | Jan. 2, 2019 J | 400,800 | 0 | 0 | $0 |
| Patrick J Mcintyre Jr | — | Sept. 21, 2018 M | 522,983 | 0 | 0 | $0 |
| John Kneuer | — | March 1, 2018 A | 305,500 | 0 | 0 | $0 |
| Kenneth M Young | — | March 1, 2018 A | 225,000 | 0 | 0 | $0 |
| Anthony J Navarra | — | Dec. 15, 2010 S | 703,602 | 0 | 0 | $0 |
| Dirk J Wild | — | July 13, 2010 A | — | 0 | 0 | $0 |
| Fuad Ahmad | — | March 23, 2010 S | 607,266 | 0 | 0 | $0 |
| Steven Bell | — | Dec. 29, 2009 S | 407,598 | 0 | 0 | $0 |
| William F Adler | — | Dec. 22, 2009 S | 34,493 | 0 | 0 | $0 |
| Martin E. Neilsen | — | Dec. 21, 2009 S | 29,954 | 0 | 0 | $0 |
| Paul A Monte | — | Nov. 10, 2009 S | 48,916 | 0 | 0 | $0 |
| Robert D Miller | — | Sept. 23, 2009 S | 626,453 | 0 | 0 | $0 |
| Peter J Dalton | — | Sept. 23, 2009 A | 498 | 0 | 0 | $0 |
| Kenneth E Jones | — | Nov. 14, 2008 A | 8,764 | 0 | 0 | $0 |
| Dennis C Allen | — | May 16, 2008 S | 383,653 | 0 | 0 | $0 |
| Thermo Funding Company LLC | — | Nov. 2, 2007 O | 12,371,136 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 4 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| FL Investment Holdings LLC, Thermo Funding II, LLC, Globalstar Satellite L.P., Monroe Irr. Educational Trust, James Monroe III, Thermo Funding Company LLC, Thermo Properties II, LLC, Thermo XCOM LLC, Thermo Investments Limited Partnership, James Monroe III Grantor Trust | April 15, 2026 | 57.59% | Amendment | M&A / sale | SEC |
| FL Investment Holdings LLC (fka Globalstar Holdings, LLC), Thermo Funding II LLC, Globalstar Satellite, LP, Monroe Irr. Educational Trust, James Monroe III ×9 filings | Sept. 12, 2022 | — | Initial filing | — | SEC |
| Mudrick Distressed Opportunity Specialty Fund, L.P., Mudrick Distressed Opportunity Drawdown Fund, L.P., Mudrick Distressed Opportunity Drawdown Fund II, L.P., Mudrick Distressed Opportunity Fund Global, L.P., Mudrick GP, LLC, Mudrick Distressed Opportunity Drawdown Fund GP, LLC, Mudrick Distressed Opportunity Drawdown Fund II GP, LLC, Mudrick Capital Management, L.P., Mudrick Capital Management, LLC, Jason Mudrick ×4 filings | May 10, 2019 | — | Initial filing | — | SEC |
| Globalstar Holdings, LLC, Thermo Funding Company LLC, Globalstar Satellite, LP, James Monroe III ×5 filings | Feb. 14, 2012 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 64 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| UFO · Procure ETF Trust II | 5.28% | 481,028 NS | April 30, 2026 | N-PORT |
| IYZ · iShares Trust | 2.52% | 381,750 SH | Aug. 21, 2026 | Daily |
| ARB · AltShares Trust | 2.49% | 30,501 NS | May 31, 2026 | N-PORT |
| MRGR · ProShares Trust | 2.45% | 4,625 NS | May 31, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.66% | 41,293 NS | April 30, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.40% | 41,727 SH | Aug. 21, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.40% | 28,710 NS | April 30, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.34% | 54,791 NS | April 30, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.34% | 52,883 NS | April 30, 2026 | N-PORT |
| SNSR · Global X Funds | 0.32% | 9,621 NS | May 31, 2026 | N-PORT |
| AKAF · ETF Series Solutions | 0.31% | 107 NS | May 31, 2026 | N-PORT |
| ANEW · ProShares Trust | 0.28% | 255 NS | May 31, 2026 | N-PORT |
| FCOM · FIDELITY COVINGTON TRUST | 0.25% | 53,808 NS | April 30, 2026 | N-PORT |
| VOX · VANGUARD WORLD FUND | 0.25% | 184,664 SH | Aug. 19, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.21% | 19,051 NS | April 30, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.19% | 11,352 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.19% | 1,828 NS | April 30, 2026 | N-PORT |
| ISCG · iShares Trust | 0.13% | 16,468 SH | Aug. 21, 2026 | Daily |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.13% | 9,890 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.13% | 21,710 NS | April 30, 2026 | N-PORT |
| IWP · iShares Trust | 0.12% | 296,535 SH | Aug. 21, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.11% | 683,361 SH | Aug. 19, 2026 | Daily |
| ITWO · ProShares Trust | 0.11% | 2,360 NS | May 31, 2026 | N-PORT |
| AVLV · AMERICAN CENTURY ETF TRUST | 0.09% | 140,410 NS | May 31, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.09% | 293,947 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.09% | 243,838 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.07% | 8,256 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.07% | 24,537 SH | Aug. 21, 2026 | Daily |
| ISCB · iShares Trust | 0.07% | 2,342 SH | Aug. 21, 2026 | Daily |
| UWM · ProShares Trust | 0.06% | 1,847 NS | May 31, 2026 | N-PORT |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.06% | 1,832 NS | May 31, 2026 | N-PORT |
| SMMD · iShares Trust | 0.06% | 26,638 SH | Aug. 21, 2026 | Daily |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.05% | 2,495 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.05% | 590,858 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.05% | 1,181,560 SH | Aug. 19, 2026 | Daily |
| CVMC · Morgan Stanley ETF Trust | 0.05% | 588 NS | June 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.04% | 1,872 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.04% | 3,101 SH | Aug. 20, 2026 | Daily |
| IWR · iShares Trust | 0.03% | 208,308 SH | Aug. 21, 2026 | Daily |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.03% | 44,940 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.03% | 48,336 NS | April 30, 2026 | N-PORT |
| AVLC · AMERICAN CENTURY ETF TRUST | 0.03% | 3,783 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.02% | 31,347 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.02% | 1,954 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.02% | 47 NS | May 31, 2026 | N-PORT |
| IWF · iShares Trust | 0.01% | 194,492 SH | Aug. 21, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 2,853 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 1,631,914 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.01% | 8,485 SH | Aug. 19, 2026 | Daily |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 81,285 SH | Aug. 19, 2026 | Daily |