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Globalstar cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$122M in Q3 2026 · $425M over twelve months

Operating cash flow$137M
Capital spending−$14.8M
Free cash flow+$122M

Analysis

In Q3 2026, Globalstar generated $137M of operating cash flow and spent $14.8M on capital projects, leaving free cash flow of $122M. That is $61.3M less than in Q3 2025 ($184M).

Over the twelve months to Sep 30, 2026, operating cash flow was $473M; the largest uses were other investing ($431M), capital spending ($48.1M), dividends ($10.6M); besides operations, cash came from other financing ($52K); the cash balance fell by $16.4M.

Operating cash flow was $137M against net income of −$15.7M. The largest differences: deferred revenue +$100M, depreciation & amortization +$16.9M, payables +$3.7M.

Free cash flow

Globalstar: free cash flow by quarterGlobalstar: free cash flow by quarter$327MQ4 2024$12.5MQ1 2025$155MQ2 2025$184MQ3 2025$173MQ4 2025$30.7MQ1 2026$98.6MQ2 2026$122MQ3 2026
Operating cash flow less capital spending.
Globalstar: operating cash flow against capital spendingGlobalstar: operating cash flow against capital spendingOperating cash flowCapital spending$341M$13.6MQ4 2024$51.9M$39.3MQ1 2025$158M$2.5MQ2 2025$236M$52.4MQ3 2025$176M$2.8MQ4 2025$35.2M$4.5MQ1 2026$125M$26.0MQ2 2026$137M$14.8MQ3 2026
Latest (Q3 2026): Operating cash flow $137M, Capital spending $14.8M.

Capital allocation, year by year

Globalstar: where the cash came from (up) and went (down), by fiscal yearGlobalstar: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingDividendsFY2021: Operating cash flow $132MFY2021: Net borrowing −$187MFY2021: Shares issued $43.9MFY2021: Asset sales $350KFY2021: Capital spending −$6.3M$176MFY2021FY2022: Operating cash flow $63.8MFY2022: Net borrowing −$30KFY2022: Shares issued $200KFY2022: Capital spending −$14.0M$64.0MFY2022FY2023: Operating cash flow $74.3MFY2023: Net borrowing $190MFY2023: Shares issued $100KFY2023: Capital spending −$159MFY2023: Dividends −$11.9M$264MFY2023FY2024: Operating cash flow $439MFY2024: Net borrowing −$235MFY2024: Shares issued $176MFY2024: Capital spending −$105MFY2024: Dividends −$10.6M$615MFY2024FY2025: Operating cash flow $622MFY2025: Capital spending −$97.1MFY2025: Dividends −$10.6M$622MFY2025
Over these 5 years operating cash flow totalled $1.3B; the largest uses were net borrowing ($422M) and capital spending ($381M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$330M
Debt$353M
Net debt$22.9M
Due within a year$31.9M

Globalstar funds itself: free cash flow was $425M over the last twelve months, and $330M of cash and investments stands against $353M of debt ($31.9M due within a year, 10.3× covered by cash).

Globalstar: debt maturities by year (FY2025)Globalstar: debt maturities by year (FY2025)$31.9MYear 1$73.7MYear 2$94.5MYear 3$50.5MYear 4$27.7MYear 5$132MAfter year 5
Principal due in each year as disclosed in the annual report, against $330M of cash and investments now.

Where the cash came from and went

Globalstar: sources (+) and uses (−) of cash, Q3 2026Globalstar: sources (+) and uses (−) of cash, Q3 2026Other investing−$191MOperating cash flow$137MCash drawn (+) / kept (−)$79.8MCapital spending−$14.8MOther financing−$8.4MDividends−$2.7MExchange rates−$15K
Globalstar: sources (+) and uses (−) of cash, TTM to Q3 2026Globalstar: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$473MOther investing−$431MCapital spending−$48.1MCash drawn (+) / kept (−)$16.4MDividends−$10.6MExchange rates$158KOther financing$52K

From profit to cash

Globalstar: net income to operating cash flow, Q3 2026Globalstar: net income to operating cash flow, Q3 2026Net income−$15.7MDepreciation & amortization$16.9MStock-based pay$2.5MOther non-cash−$1.0MReceivables−$1.8MPayables$3.7MDeferred revenue$100MPrepaid and other assets$3.2MOther liabilities$365KOperating cash flow$137M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsCash drawn (+) / kept (−)Free cash flow
Q3 2026$137M−$14.8M−$2.7M$79.8M$122M
Q2 2026$125M−$26.0M−$2.6M−$51.3M$98.6M
Q1 2026$35.2M−$4.5M−$2.6M$89.0M$30.7M
Q4 2025$176M−$2.8M−$2.7M−$101M$173M
Q3 2025$236M−$52.4M−$2.7M−$38.1M$184M
Q2 2025$158M−$2.5M−$2.6M−$66.8M$155M
Q1 2025$51.9M−$39.3M−$2.6M$150M$12.5M
Q4 2024$341M−$13.6M−$2.7M−$339M$327M

Globalstar: income statement and cash flow

Globalstar, Q3 2026: revenue $70.9M (-4% year over year), operating margin 10.7%. The chart follows the revenue to costs, profit and cash.

Globalstar: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.