Globalstar, Inc. (GSAT) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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GSAT Revenue Growth
Revenue Breakdown (FY 2024)
GSAT's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
GSAT Revenue Analysis (2013–2024)
As of May 6, 2026, Globalstar, Inc. (GSAT) generated trailing twelve-month (TTM) revenue of $262.2 million, reflecting modest growth of +2.1% year-over-year. The most recent quarter (Q3 2025) recorded $73.8 million in revenue, up 10.0% sequentially.
Looking at the longer-term picture, GSAT's 5-year compound annual growth rate (CAGR) stands at +13.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $250.3 million in 2024, representing a new all-time high.
Revenue diversification analysis shows GSAT's business is primarily driven by Service (69%), Services, SPOT (12%), and Commercial loT (8%). With over half of revenue concentrated in Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including IRDM (+4.1% YoY), VSAT (+2.1% YoY), and GILT (+47.9% YoY), GSAT has underperformed the peer group in terms of revenue growth. Compare GSAT vs IRDM →
GSAT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GSATCurrent | $262M | +2.1% | +13.7% | -0.4% | |
 IRDM | $872M | +4.1% | +8.4% | 27.1% | |
 VSAT | $4.5B | +2.1% | +14.4% | -2.2% | |
 GILT | $452M | +47.9% | +22.1% | 4.5% | |
 MNKD | $349M | +22.2% | +39.9% | 11.1% | |
 SATS | $15.0B | -5.2% | +51.4% | -118.1% |
GSAT Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $250.3M | +11.9% | $167.6M | 66.9% | $-949,000 | -0.4% |
| 2023 | $223.8M | +50.7% | $154.3M | 69.0% | $-165,000 | -0.1% |
| 2022 | $148.5M | +19.5% | $83.5M | 56.2% | $-221,029,000 | -148.8% |
| 2021 | $124.3M | -3.3% | $72.3M | 58.2% | $-65,503,000 | -52.7% |
| 2020 | $128.5M | -2.5% | $79.8M | 62.1% | $-59,163,000 | -46.0% |
| 2019 | $131.7M | +1.2% | $78.1M | 59.3% | $-64,046,000 | -48.6% |
| 2018 | $130.1M | +15.5% | $78.0M | 60.0% | $-47,379,000 | -36.4% |
| 2017 | $112.7M | +16.3% | $64.9M | 57.6% | $-68,786,000 | -61.1% |
| 2016 | $96.9M | +7.0% | $55.0M | 56.8% | $-63,676,000 | -65.7% |
| 2015 | $90.5M | +0.5% | $48.1M | 53.1% | $-66,604,000 | -73.6% |
Full GSAT Stock Analysis
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Start ComparisonGSAT — Frequently Asked Questions
Quick answers to the most common questions about buying GSAT stock.
Is GSAT's revenue growth accelerating or slowing?
GSAT revenue growth slowed to +2.1%, below the 5-year CAGR of +13.7%. TTM revenue is $262M. The deceleration marks a shift from historical growth rates.
What is GSAT's long-term revenue growth rate?
Globalstar, Inc.'s 5-year revenue CAGR of +13.7% reflects the variable expansion pattern. Current YoY growth of +2.1% is near this long-term average.
How is GSAT's revenue distributed by segment?
GSAT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.