Filing Flows › Globalstar (GSAT) › How it makes money
How Globalstar (GSAT) makes money
Globalstar (GSAT) made $70.9M of revenue in the third quarter 2026 (Q3 2026), -4% from a year earlier. Total service revenue brought in $65.4M (92%); Subscriber equipment sales brought in $5.5M (8%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Total service revenue | $65.4M | 92.2% | +9% | -6% |
| ↳ Wholesale capacity services | $44.6M | 62.9% | +11% | -6% |
| ↳ SPOT | $8.6M | 12.1% | -0.1% | -9% |
| ↳ Commercial IoT | $7.7M | 10.9% | +2% | +12% |
| ↳ Duplex | $3.3M | 4.6% | +21% | -31% |
| ↳ Government and other services | $1.2M | 1.7% | +15% | -3% |
| Subscriber equipment sales | $5.5M | 7.8% | +16% | +31% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $70.9M | 100.0% |
| Income tax | $1.4M | 1.9% |
| Operating cash flow | $137M | 193.4% |
| Free cash flow | $122M | 172.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $70.9M | -4% |
| Q2 2026 | $64.8M | -4% |
| Q1 2026 | $70.1M | +17% |
| Q4 2025 | $72.0M | +18% |
| Q3 2025 | $73.8M | +2% |
| Q2 2025 | $67.1M | +11% |
| Q1 2025 | $60.0M | +6% |
From Globalstar's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Globalstar make money?
Globalstar (GSAT) made $70.9M of revenue in the third quarter 2026 (Q3 2026), -4% from a year earlier. Total service revenue brought in $65.4M (92%); Subscriber equipment sales brought in $5.5M (8%).
What is Globalstar's biggest business?
Total service revenue: $65.4M in the third quarter 2026, 92% of revenue, -6% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.