Globalstar (GSAT) Revenue & Revenue Breakdown

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Globalstar Revenue Highlights

Latest Revenue (Y)

$250.35M

Latest Revenue (Q)

$60.03M

Main Segment (Y)

Service

Main Geography (Y)

UNITED STATES

Globalstar Revenue by Period

Globalstar Revenue by Year

Date	Revenue	Change
2024-12-31	$250.35M	11.86%
2023-12-31	$223.81M	50.71%
2022-12-31	$148.50M	19.48%
2021-12-31	$124.30M	-3.26%
2020-12-31	$128.49M	-2.45%
2019-12-31	$131.72M	1.23%
2018-12-31	$130.11M	15.49%
2017-12-31	$112.66M	16.31%
2016-12-31	$96.86M	7.04%
2015-12-31	$90.49M	0.47%
2014-12-31	$90.06M	8.89%
2013-12-31	$82.71M	8.38%
2012-12-31	$76.32M	4.79%
2011-12-31	$72.83M	7.19%
2010-12-31	$67.94M	-

Globalstar generated $250.35M in revenue during NA 2024, up 11.86% compared to the previous quarter, and up 190.06% compared to the same period a year ago.

Globalstar Revenue by Quarter

Date	Revenue	Change
2025-03-31	$60.03M	-1.87%
2024-12-31	$61.18M	-15.39%
2024-09-30	$72.31M	19.74%
2024-06-30	$60.38M	6.91%
2024-03-31	$56.48M	7.77%
2023-12-31	$52.41M	-9.14%
2023-09-30	$57.68M	4.74%
2023-06-30	$55.07M	-6.09%
2023-03-31	$58.64M	41.97%
2022-12-31	$41.31M	9.78%
2022-09-30	$37.63M	2.24%
2022-06-30	$36.80M	12.29%
2022-03-31	$32.77M	-4.94%
2021-12-31	$34.48M	5.71%
2021-09-30	$32.61M	7.71%
2021-06-30	$30.28M	12.44%
2021-03-31	$26.93M	-18.82%
2020-12-31	$33.17M	1.27%
2020-09-30	$32.76M	7.88%
2020-06-30	$30.36M	-5.68%
2020-03-31	$32.19M	1.13%
2019-12-31	$31.84M	-17.56%
2019-09-30	$38.61M	23.80%
2019-06-30	$31.19M	3.70%
2019-03-31	$30.08M	-5.85%
2018-12-31	$31.95M	-10.50%
2018-09-30	$35.69M	5.83%
2018-06-30	$33.73M	17.31%
2018-03-31	$28.75M	-2.30%
2017-12-31	$29.43M	-3.38%
2017-09-30	$30.46M	8.30%
2017-06-30	$28.12M	14.08%
2017-03-31	$24.65M	1.05%
2016-12-31	$24.39M	-4.50%
2016-09-30	$25.54M	1.83%
2016-06-30	$25.09M	14.88%
2016-03-31	$21.84M	-4.09%
2015-12-31	$22.77M	-3.85%
2015-09-30	$23.68M	2.84%
2015-06-30	$23.02M	9.52%
2015-03-31	$21.02M	-4.85%
2014-12-31	$22.09M	-5.75%
2014-09-30	$23.44M	-2.30%
2014-06-30	$23.99M	16.84%
2014-03-31	$20.54M	-2.18%
2013-12-31	$20.99M	-6.90%
2013-09-30	$22.55M	13.68%
2013-06-30	$19.84M	-
2013-03-31	$19.84M	4.06%
2012-12-31	$19.06M	-7.18%
2012-09-30	$20.54M	2.78%
2012-06-30	$19.98M	19.38%
2012-03-31	$16.74M	-3.73%
2011-12-31	$17.39M	-4.40%
2011-09-30	$18.19M	-4.27%
2011-06-30	$19.00M	4.08%
2011-03-31	$18.25M	10.46%
2010-12-31	$16.52M	-9.32%
2010-09-30	$18.22M	3.41%
2010-06-30	$17.62M	-

Globalstar generated $60.03M in revenue during Q1 2025, up -1.87% compared to the previous quarter, and up 114.55% compared to the same period a year ago.

Globalstar Revenue Breakdown

Globalstar Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Commercial loT	$26.25M	$22.87M	-	-	-
Product	$12.66M	$19.61M	-	-	-
Service	$237.69M	$204.20M	-	-	-
Services, Duplex	$20.16M	$25.93M	$29.22M	$31.20M	$33.88M
Services, Other	$4.85M	$2.15M	-	-	-
Services, SPOT	$41.14M	$44.18M	$45.67M	$46.04M	$46.42M
Product, SPOT	-	$7.72M	$5.89M	$9.43M	$8.18M
Product, Other	-	$22.00K	$97.00K	$226.00K	$97.00K
Product, Duplex	-	-	$319.00K	$1.01M	$1.88M
Services, Commercial IoT	-	-	$19.52M	$17.95M	$17.17M
Services, Engineering And Other	-	-	$2.75M	$11.28M	$15.72M
Subscriber, Commercial IoT	-	-	$10.13M	$7.17M	$5.14M

Globalstar's latest annual revenue breakdown by segment (product or service), as of Dec 24: Service (69.35%), Services, SPOT (12.00%), Commercial loT (7.66%), Services, Duplex (5.88%), Product (3.69%), and Services, Other (1.41%).

Quarterly Revenue by Product

Product/Service	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
Services, Other	$955.00K	$4.45M	$875.00K	$401.00K	$979.00K	$451.00K	$416.00K	$300.00K	$882.00K	$9.54M	$7.27M	$1.89M	$2.73M	$966.00K	$2.52M	$2.55M	-	-	-	-
Commercial loT	$6.58M	$13.16M	$6.65M	$6.72M	$6.44M	$5.99M	$6.35M	$5.36M	$5.18M	$4.67M	$5.04M	$4.67M	$4.46M	$4.50M	$4.48M	$4.42M	$4.30M	-	-	-
Product	$2.96M	$6.25M	$3.40M	$2.75M	$3.02M	$15.57M	$4.04M	-	-	-	-	-	-	-	-	-	-	-	-	-
Service	$57.07M	$115.32M	$68.91M	$57.63M	$53.47M	$150.55M	$53.64M	-	-	-	-	-	-	-	-	-	-	-	-	-
Services, Duplex	$3.45M	$9.45M	$5.96M	$4.96M	$4.75M	$5.84M	$7.98M	$6.36M	$5.75M	$7.12M	$9.02M	$6.94M	$6.15M	$7.67M	$9.63M	$7.24M	$6.66M	$7.70M	$9.96M	$8.56M
Services, SPOT	$9.37M	$20.45M	$10.44M	$10.38M	$10.24M	$10.48M	$11.35M	$11.04M	$11.31M	$11.13M	$11.75M	$11.54M	$11.26M	$12.04M	$11.87M	$11.14M	$10.98M	$11.32M	$11.40M	$11.58M
Product, Other	-	-	-	-	-	$64.00K	$32.00K	$-7.00K	$-67.00K	$14.00K	$39.00K	$27.00K	$17.00K	$60.00K	$41.00K	$11.00K	$114.00K	$43.00K	$4.00K	$15.00K
Product, SPOT	-	-	-	-	-	$1.54M	$1.75M	$2.51M	$1.93M	$1.18M	$1.56M	$1.67M	$1.48M	$2.66M	$2.62M	$2.23M	$1.92M	$2.47M	$2.60M	$1.70M
Product, Duplex	-	-	-	-	-	-	-	$17.00K	$19.00K	$31.00K	$15.00K	$143.00K	$130.00K	$122.00K	$265.00K	$331.00K	$293.00K	$344.00K	$510.00K	$625.00K
Subscriber Equipment, Commercial loT	-	-	-	-	-	-	-	-	-	-	-	$1.91M	$1.81M	$1.84M	$2.09M	$1.52M	$1.26M	$939.00K	-	-
Gateway Construction In Nigeria	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.90M	-	-
Other Services, Nonrecurring Engineering Services (NRE)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.00M	-
Services, IGO	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$95.00K	$109.00K

Globalstar's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Service (70.99%), Services, SPOT (11.66%), Commercial loT (8.19%), Services, Duplex (4.29%), Product (3.69%), and Services, Other (1.19%).

Globalstar Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Europe	$6.53M	$6.86M	$6.43M	$7.30M	$7.04M
CANADA	$12.87M	$16.06M	$17.42M	$17.91M	$18.22M
UNITED STATES	$206.40M	$170.62M	$99.73M	$77.06M	$84.29M
Other Countries	$556.00K	$683.00K	$523.00K	$751.00K	$927.00K
Latin America	$11.33M	$9.98M	$7.96M	$3.44M	$2.72M

Globalstar's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (86.84%), CANADA (5.42%), Latin America (4.77%), Europe (2.75%), and Other Countries (0.23%).

Quarterly Revenue by Country

Country	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18
Europe	$3.64M	$1.71M	$1.51M	$1.54M	$1.74M	$1.67M	$1.48M	$1.69M	$2.04M	$1.86M	$1.71M	$1.83M	$2.06M	$1.79M	$1.36M	$2.04M	$2.25M	$2.21M	$2.12M	$2.08M
UNITED STATES	$84.92M	$40.64M	$45.06M	$28.32M	$24.25M	$24.88M	$22.29M	$22.71M	$19.68M	$18.23M	$16.44M	$21.63M	$19.96M	$20.02M	$22.69M	$18.84M	$23.16M	$19.45M	$19.25M	$19.34M
Other Countries	$317.00K	$182.00K	$184.00K	$121.00K	$128.00K	$126.00K	$148.00K	$189.00K	$-100.00K	$341.00K	$321.00K	$276.00K	$225.00K	$222.00K	$204.00K	$176.00K	$152.00K	$135.00K	$370.00K	$114.00K
Latin America	$5.13M	$2.48M	$2.37M	$2.08M	$1.90M	$2.25M	$1.74M	$850.00K	$996.00K	$815.00K	$781.00K	$715.00K	$623.00K	$669.00K	$710.00K	$699.00K	$680.00K	$570.00K	$564.00K	$475.00K
CANADA	$8.59M	$3.64M	$3.83M	$4.32M	$5.29M	$4.13M	$3.69M	$4.47M	$5.24M	$4.38M	$3.83M	$4.33M	$5.52M	$4.39M	$3.97M	$4.65M	$7.91M	$4.33M	$3.81M	$5.18M

Globalstar's latest quarterly revenue breakdown by geography, as of Dec 23: UNITED STATES (82.77%), CANADA (8.37%), Latin America (5.00%), Europe (3.55%), and Other Countries (0.31%).

Globalstar Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
VZ	Verizon Communications	$134.79B	$33.48B
CMCSA	Comcast	$123.73B	$29.89B
T	AT&T	$122.34B	$30.63B
TMUS	T-Mobile US	$81.40B	$20.89B
TV	Grupo Televisa, S.A.B.	$73.77B	$15.95B
VOD	Vodafone Group Public	$37.07B	$14.90B
LUMN	Lumen	$13.11B	$3.18B
CABO	Cable One	$1.58B	$380.60M
IDCC	InterDigital	$868.52M	$210.51M
IRDM	Iridium Communications	$830.68M	$214.88M
CCOI	Cogent Communications	$783.81M	$252.29M
KORE	KORE Group	$286.09M	$72.14M
GSAT	Globalstar	$250.35M	$60.03M

GSAT Revenue FAQ

What is Globalstar’s yearly revenue?

Globalstar's yearly revenue for 2024 was $250.35M, representing an increase of 11.86% compared to 2023. The company's yearly revenue for 2023 was $223.81M, representing an increase of 50.71% compared to 2022. GSAT's yearly revenue for 2022 was $148.5M, representing an increase of 19.48% compared to 2021.

What is Globalstar’s quarterly revenue?

Globalstar's quarterly revenue for Q1 2025 was $60.03M, a -1.87% decrease from the previous quarter (Q4 2024), and a 6.29% increase year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $61.18M, a -15.39% decrease from the previous quarter (Q3 2024), and a 16.73% increase year-over-year (Q4 2023). GSAT's quarterly revenue for Q3 2024 was $72.31M, a 19.74% increase from the previous quarter (Q2 2024), and a 25.35% increase year-over-year (Q3 2023).

What is Globalstar’s revenue growth rate?

Globalstar's revenue growth rate for the last 3 years (2022-2024) was 68.58%, and for the last 5 years (2020-2024) was 94.84%.

What are Globalstar’s revenue streams?

Globalstar's revenue streams in c 24 are Commercial loT, Product, Service, Services, Duplex, Services, Other, and Services, SPOT. Commercial loT generated $26.24M in revenue, accounting 7.66% of the company's total revenue, up 14.77% year-over-year. Product generated $12.66M in revenue, accounting 3.69% of the company's total revenue, down -35.45% year-over-year. Service generated $237.69M in revenue, accounting 69.35% of the company's total revenue, up 16.40% year-over-year. Services, Duplex generated $20.16M in revenue, accounting 5.88% of the company's total revenue, down -22.27% year-over-year. Services, Other generated $4.85M in revenue, accounting 1.41% of the company's total revenue, up 125.96% year-over-year. Services, SPOT generated $41.14M in revenue, accounting 12.00% of the company's total revenue, down -6.89% year-over-year.

What is Globalstar’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Globalstar was Service. This segment made a revenue of $237.69M, representing 69.35% of the company's total revenue.