GSAT Globalstar, Inc. - Common Stock
NASDAQ · Telecommunication · View on SEC EDGAR ↗ close Oct 6, 2026 10-K/10-Q Aug 6, 2026
$83.63
· of 52w range
· above low
· to high
$40.5052w low
$84.8552w high
Market Cap (MRQ)
$10.84B
P/E (TTM)
-164.0
EPS (TTM)
$-0.51
Revenue (TTM)
$281M
your badges
52W Range
$40–$85
Analyst Rating
BUY
Price Target
$90
P/E
-164.0
ROE
-16.7%
Net Profit Margin
-19.4%
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GSAT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$83.63
Market Cap (MRQ)
$10.84B
P/E (TTM)
-164.0
EPS (TTM)
$-0.51
Revenue (TTM)
$281M
Div Yield
0.10%
ROE (TTM)
-16.7%
Debt/Equity (MRQ)
1.2
52W Range
$41–$85
GSAT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Feb. 11, 2025 | 1-for-15 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$273M2016-12-31 → 2025-12-31
EPS$-0.152016-12-31 → 2025-12-31
Free Cash Flow·2016-12-31 → 2019-12-31
Net margin-19.4%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | GSAT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -164.05Y avg ≈-171.8 | ≈-171.8 | · | · | |
| P/S (TTM) | 38.65Y avg ≈135.1 | ≈135.1 | 3.7 | Overvalued | |
| P/B (MRQ) | 37.05Y avg ≈65.7 | ≈65.7 | 9.7 | Overvalued | |
| EV / EBITDA | 113.85Y avg ≈444.6 | ≈444.6 | · | · | |
| Price / Cash Flow | 17.35Y avg ≈248.7 | ≈248.7 | 8.6 | Overvalued | |
| EV / Revenue | 39.55Y avg ≈136.0 | ≈136.0 | · | · | |
| Price / Tangible Book | 46.25Y avg ≈92.1 | ≈92.1 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | GSAT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 4.7%5Y avg ≈-12.6% | ≈-12.6% | -2.1% | Weak | |
| EBITDA Margin (TTM) | 32.2%5Y avg ≈33.5% | ≈33.5% | 8.8% | Top tier | |
| Pretax Margin (TTM) | -16.3%5Y avg ≈-31.7% | ≈-31.7% | -9.1% | Weak | |
| Net Profit Margin (TTM) | -19.4%5Y avg ≈-32.5% | ≈-32.5% | -4.2% | Weak | |
| ROA (TTM) | -2.5%5Y avg ≈-5.4% | ≈-5.4% | -4.9% | Top tier | |
| ROE (TTM) | -16.7%5Y avg ≈-13.9% | ≈-13.9% | 24.4% | Weak | |
| ROIC | 2.8%5Y avg ≈-2.0% | ≈-2.0% | 37.3% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | GSAT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 1.25Y avg ≈1.1 | ≈1.1 | 0.7 | High debt | |
| Current Ratio (MRQ) | 1.55Y avg ≈1.9 | ≈1.9 | 1.8 | In line | |
| Quick Ratio | 2.35Y avg ≈1.6 | ≈1.6 | 1.6 | In line | |
| Long-Term Debt / Equity (MRQ) | 1.15Y avg ≈1.0 | ≈1.0 | 1.0 | High debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | GSAT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 9.0%5Y avg ≈17.6% | ≈17.6% | · | · | |
| Revenue CAGR 3Y | 22.5%5Y avg ≈23.0% | ≈23.0% | · | · | |
| Revenue CAGR 5Y | 16.3% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | GSAT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.15Y avg ≈0.2 | ≈0.2 | 0.3 | Weak | |
| Receivables Turnover | 11.65Y avg ≈7.5 | ≈7.5 | 8.8 | Top tier | |
| Revenue / Employee | ≈$572.3K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield0.10%
Payout Ratio-122.6%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-136.3%
Next Report
Nov 04, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 5, 2026 | $-0.24 | $-0.07 | -252.9% |
| March 31, 2026 | May 6, 2026 | $-0.16 | $-0.10 | -68.1% |
| Dec. 31, 2025 | $-0.11 | $-0.02 | -439.2% | |
| Sept. 30, 2025 | $-0.01 | $-0.01 | 26.5% | |
| June 30, 2025 | $0.13 | $-0.05 | 354.9% | |
| March 31, 2025 | $-0.11 | $-0.02 | -439.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| 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
| 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
| 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
| 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
| 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
| 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 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $2.78 | $2.84 | $0.20 | · | $0.20 | $0.25 | $0.28 | $0.25 | $0.23 | $0.17 | · | $0.09 | |
| Revenue / Share | $2.15 | $1.99 | $0.12 | · | $0.07 | $0.08 | · | · | $0.10 | $0.09 | · | $0.10 | |
| Cash Flow / Share | $4.90 | $3.49 | $0.04 | · | $0.07 | $0.01 | $0.00 | $0.00 | $0.01 | $0.01 | · | $0.00 | |
| Cash / Share | $3.49 | $3.09 | $0.03 | · | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.01 | · | $0.01 | |
| EPS (TTM) | $-0.15 | $-0.59 | $-0.29 | $-2.15 | $-0.06 | $-0.07 | $-0.07 | $-0.01 | $-0.08 | $-0.12 | $0.07 | $-0.50 |
Growth Rates
| 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)
| 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
| 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 | · | 126,688,000 | 126,614,000 | 126,476,000 | · | 126,150,000 | 125,614,000 | 125,507,000 | · | 1,836,251,000 | 1,813,393,000 | 1,811,831,000 | · | 1,800,504,000 | |
| Shares (Diluted) | 129,122,000 | 128,417,000 | · | 126,688,000 | 127,854,000 | 126,476,000 | · | 127,337,000 | 125,614,000 | 125,507,000 | · | 1,836,251,000 | 1,813,393,000 | 1,811,831,000 | · | 1,800,504,000 | |
| EBITDA | $12M | $27M | · | $32M | $29M | $14M | · | $32M | $21M | $17M | · | $24M | $25M | $29M | · | $-162M |
Balance Sheet
| 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
| 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
| 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
| 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
| 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 |
Per Share
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $2.26 | $2.67 | · | $2.88 | $2.85 | $2.72 | · | $0.21 | $0.20 | $0.20 | · | $0.20 | $0.17 | $0.17 | · | $0.08 | |
| Revenue / Share | $0.50 | $0.55 | · | $0.58 | $0.53 | $0.47 | · | $0.04 | $0.03 | $0.03 | · | $0.03 | $0.03 | $0.03 | · | $0.02 | |
| Cash Flow / Share | · | $0.27 | · | · | · | $0.41 | · | · | · | $0.02 | · | · | · | $0.01 | · | · | |
| Cash / Share | $3.16 | $2.79 | · | $2.73 | $2.43 | $1.91 | · | $0.03 | $0.03 | $0.03 | · | $0.03 | $0.04 | $0.01 | · | $0.01 | |
| EPS (TTM) | $-0.51 | $-0.15 | · | $-0.46 | $-0.39 | $-0.62 | · | $-0.46 | $-0.52 | $-0.42 | · | $-2.02 | $-2.13 | $-2.14 | · | $-0.14 |
Valuation (TTM)
| 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 | $281M | $283M | · | $262M | $261M | $254M | · | $242M | $227M | $222M | · | $213M | $193M | $174M | · | $142M | |
| Net Income TTM | $-54M | $-9M | · | $-47M | $-38M | $-67M | · | $-28M | $-44M | $-34M | · | $-15M | $-213M | $-240M | · | $-276M | |
| 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 | -159.4 | -442.8 | · | -79.1 | -60.4 | -33.6 | · | -40.4 | -32.3 | -52.5 | · | -9.7 | -7.6 | -8.1 | · | -170.4 | |
| P/S | 37.5 | 30.2 | · | 17.6 | 11.4 | 10.4 | · | 145.7 | 140.1 | 187.4 | · | 173.3 | 152.5 | 180.9 | · | 303.1 | |
| 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 / Revenue | 37.3 | 30.6 | · | 18.2 | 12.1 | 11.4 | · | 147.1 | 141.5 | 189.0 | · | 174.6 | 153.9 | 181.8 | · | 305.3 | |
| Dividend Yield | 0.10% | 0.12% | · | 0.23% | 0.36% | 0.40% | · | 0.03% | 0.03% | 0.03% | · | 0.03% | 0.02% | 0.01% | · | · | |
| Earnings Yield | -0.63% | -0.23% | · | -1.3% | -1.7% | -3.0% | · | -2.5% | -3.1% | -1.9% | · | -10.3% | -13.2% | -12.3% | · | -0.59% | |
| Payout Ratio | · | -15.0% | · | · | · | -15.1% | · | · | · | -20.0% | · | · | · | -113.5% | · | · | |
| Annual Payout | $11M | $11M | · | $11M | $11M | $11M | · | $11M | $11M | $11M | · | $9M | $7M | $4M | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 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 |
| Metric | 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 |
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 364 filers · $3.4B total · As of Sept. 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.
Holders
364
Value held
$3.4B
New positions
114
Exited positions
60
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 114 (+45 vs prior Q) | 60 (+28 vs prior Q) | 92 (-1 vs prior Q) | 89 (+4 vs prior Q) | +3.9M |
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 GROUP INC | $309,276,861 | 5,066,790 | 9.02% | Shares |
| BlackRock, Inc. | $263,003,823 | 3,235,377 | 7.67% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $188,400,224 | 2,317,631 | 5.49% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $178,223,854 | 2,192,445 | 5.20% | Shares |
| NORGES BANK | $169,477,700 | 2,084,853 | 4.94% | Shares |
| VAN ECK ASSOCIATES CORP | $116,018,552 | 1,427,218 | 3.38% | Shares |
| Pentwater Capital Management LP | $110,147,950 | 1,355,000 | 3.21% | Shares |
| STATE STREET CORP | $104,741,190 | 1,288,488 | 3.05% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $98,091,978 | 1,206,463 | 2.86% | Shares |
| BECK MACK & OLIVER LLC | $89,771,799 | 1,104,340 | 2.62% | Shares |
| MILLENNIUM MANAGEMENT LLC | $83,731,464 | 1,030,034 | 2.44% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $80,567,982 | 991,118 | 2.35% | Shares |
| LMR Partners LLP | $69,064,878 | 849,611 | 2.01% | Shares |
| MILLENNIUM MANAGEMENT LLC | $62,991,621 | 774,900 | 1.84% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $57,496,417 | 707,300 | 1.68% | Call option |
| CITADEL ADVISORS LLC | $44,097,142 | 542,467 | 1.29% | Shares |
| ASHFORD CAPITAL MANAGEMENT INC | $41,433,513 | 509,700 | 1.21% | Shares |
| Troluce Capital Advisors LLC | $40,645,000 | 500,000 | 1.19% | Put option |
| ALPINE ASSOCIATES MANAGEMENT INC. | $38,015,025 | 467,647 | 1.11% | Shares |
| WOLVERINE TRADING, LLC | $37,594,773 | 1,062,900 | 1.10% | Call option |
| MILLENNIUM MANAGEMENT LLC | $36,921,918 | 454,200 | 1.08% | Call option |
| CITIGROUP INC | $36,374,267 | 447,463 | 1.06% | Shares |
| EQUITEC PROPRIETARY MARKETS, LLC | $34,223,090 | 421,000 | 1.00% | Call option |
| FMR LLC | $34,032,671 | 418,658 | 0.99% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $33,606,749 | 413,418 | 0.98% | Shares |
| AMERICAN CENTURY COMPANIES INC | $32,097,512 | 394,851 | 0.94% | Shares |
| CITADEL ADVISORS LLC | $31,228,123 | 384,157 | 0.91% | Call option |
| Qube Research & Technologies Ltd | $30,720,385 | 377,911 | 0.90% | Shares |
| Slotnik Capital, LLC | $28,451,500 | 350,000 | 0.83% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $27,005,676 | 332,214 | 0.79% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $26,465,098 | 325,564 | 0.77% | Shares |
| SOFTBANK GROUP CORP. | $26,094,334 | 321,003 | 0.76% | Shares |
| AMERIPRISE FINANCIAL INC | $24,747,198 | 304,428 | 0.72% | Shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | $24,387,000 | 300,000 | 0.71% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $22,410,656 | 275,699 | 0.65% | Shares |
| NORTHERN TRUST CORP | $21,930,335 | 269,779 | 0.64% | Shares |
| JANE STREET GROUP, LLC | $21,896,031 | 269,357 | 0.64% | Call option |
| Voleon Capital Management LP | $21,247,987 | 261,385 | 0.62% | Shares |
| Troluce Capital Advisors LLC | $19,135,666 | 235,400 | 0.56% | Call option |
| Walleye Trading LLC | $18,444,701 | 226,900 | 0.54% | Call option |
| GOLDMAN SACHS GROUP INC | $18,442,425 | 226,872 | 0.54% | Shares |
| MARSHALL WACE, LLP | $18,157,178 | 223,363 | 0.53% | Shares |
| Man Group plc | $18,078,571 | 222,396 | 0.53% | Shares |
| P SCHOENFELD ASSET MANAGEMENT LP | $17,639,930 | 217,000 | 0.51% | Shares |
| UBS Group AG | $16,782,564 | 206,453 | 0.49% | Shares |
| MORGAN STANLEY | $16,675,585 | 205,136 | 0.49% | Shares |
| RAYMOND JAMES FINANCIAL INC | $14,663,904 | 180,390 | 0.43% | Shares |
| AQR Arbitrage LLC | $14,432,958 | 177,549 | 0.42% | Shares |
| Bank of New York Mellon Corp | $13,233,093 | 162,789 | 0.39% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $12,128,468 | 149,200 | 0.35% | Put option |
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.
Company insiders 29 insiders · 7 officers · 7 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 | 4 | $-164,205 |
| Rebecca Clary | VP & Chief Financial Officer | Aug. 14, 2026 S | 96,540 | 0 | 19 | $-5,008,568 |
| Anthony J Navarra | President Space Operations | Dec. 11, 2013 M | 327,631 | 0 | 0 | $0 |
| Thomas M Colby | Chief Operating Officer | Aug. 11, 2008 A | 10,000 | 0 | 0 | $0 |
| Barbee L Ponder IV | General Counsel | Sept. 21, 2026 S | 128,891 | 0 | 10 | $-2,364,300 |
| Timothy Evan Taylor | VP, Finance & Operations | Aug. 13, 2026 S | 170,244 | 0 | 2 | $-12,447,750 |
| Stuart Mar | VP & Chief Accounting Officer | March 19, 2010 S | 5,475 | 0 | 0 | $0 |
| James F Lynch | Director | Sept. 18, 2026 S | 351,114 | 0 | 2 | $-38,835,032 |
| James Monroe III | Director | Sept. 18, 2026 P | 408,253 | 1 | 0 | $29,839,232 |
| Benjamin G Wolff | Director | Aug. 27, 2026 M | 4,116 | 0 | 4 | $-8,009,660 |
| 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 |
| 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 |
| 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
ETF ownership Held by 39 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 | 3.65% | 257,322 NS | July 31, 2026 | N-PORT |
| MNA · New York Life Investments ETF Trust | 2.56% | 77,254 NS | July 31, 2026 | N-PORT |
| IYZ · iShares Trust | 2.54% | 377,826 SH | Sept. 11, 2026 | Daily |
| LSEQ · Harbor ETF Trust | 0.71% | 1,302 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.45% | 43,475 SH | Oct. 5, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.32% | 49,926 NS | July 31, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.29% | 16,354 NS | July 31, 2026 | N-PORT |
| FCOM · FIDELITY COVINGTON TRUST | 0.26% | 54,597 NS | July 31, 2026 | N-PORT |
| VOX · VANGUARD WORLD FUND | 0.25% | 184,664 SH | Aug. 19, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 14,161 NS | July 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.15% | 8,015 NS | July 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.14% | 16,521 SH | Sept. 11, 2026 | Daily |
| IWP · iShares Trust | 0.12% | 290,046 SH | Sept. 11, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.11% | 683,361 SH | Aug. 19, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.10% | 8,117 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.07% | 25,598 SH | Sept. 11, 2026 | Daily |
| SMMD · iShares Trust | 0.06% | 27,790 SH | Sept. 11, 2026 | Daily |
| 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 |
| WSML · iShares Trust | 0.04% | 3,133 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.03% | 212,461 SH | Sept. 11, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.03% | 48,336 NS | July 31, 2026 | N-PORT |
| IWF · iShares Trust | 0.01% | 193,718 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 2,997 NS | July 31, 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 |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 4,426 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 11,644 SH | Aug. 19, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.01% | 9,335 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 35,942 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.01% | 35,558 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 69,047 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 14,406 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.01% | 2,249 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 3,656 NS | July 31, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 42,400 SH | Aug. 19, 2026 | Daily |
| ISCB · iShares Trust | · | 2,342 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 33,549 SH | Sept. 11, 2026 | Daily |
GSAT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 10 analysts
BUY
Median target
$90.00
+7.6%
2 20.0%
Strong Buy
4 40.0%
Buy
4 40.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
3 analysts · 2026-10-06Mean target $90.00 +7.6%
Low$90.00
Mean$90.00
High$90.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| 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% | · |
| BAND | · | -35.9 | 0.71% | -1.7% | -3.3% | 39.1% |
| LILA | · | -2.4 | -0.10% | -13.8% | -74.4% | · |
| ATEX | $722M | 7.9 | 7.8% | 1394.2% | 36.1% | · |
| CCOI | $1.08B | -5.7 | -5.8% | -18.7% | 2120.8% | · |
| ELWT | · | -6.3 | 154.5% | -19.6% | 608.8% | 18.5% |
| NXPL | · | · | · | · | · | · |
Latest News Recent headlines mentioning this company
Is It Too Late to Buy Globalstar Stock Following the Amazon Acquisition Announcement?
Yahoo Finance · 5 months, 2 weeks ago
Amazon’s $12B Globalstar Acquisition Paid for Itself 10x Over in One Day
Yahoo Finance · 5 months, 2 weeks ago
Stock Market Today, April 14: Amazon Rises After $11.6 Billion Globalstar Deal Fuels Satellite Internet Ambitions
Yahoo Finance · 5 months, 2 weeks ago
Why Wall Street loves Amazon's deal to buy satellite firm Globalstar
Yahoo Finance · 5 months, 3 weeks ago
Why Amazon Stock Just Popped
Nasdaq · 5 months, 3 weeks ago
Could Acquiring the Satellite Communications Company Globalstar Send Amazon Stock Soaring?
Nasdaq · 6 months ago
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Source: SEC 10-Q filed Aug 6, 2026