Globalstar (GSAT) Tax Rate (2010 - 2026)
Globalstar (GSAT) posted Tax Rate of 17.27% for Q2 2026, down 71.15% on a QoQ basis from 10.09% in Q1 2026, and down 676.0% year-over-year from 3.0% in Q2 2025.
Analysis
Globalstar (GSAT) Tax Rate (2010 - 2026) Analysis & Trends
Globalstar has reported Tax Rate for 17 years, with the latest figure at 17.27% in Q2 2026.
- On a quarterly basis, Tax Rate fell 676.0% year-over-year to 17.27% in Q2 2026; TTM through Jun 2026 was 18.83%, a 490.0% decrease from a year earlier, with the FY2025 full-year figure at 211.97%, down 20847.0% from the prior year.
- Tax Rate was 17.27% for Q2 2026 at Globalstar, down from 10.09% in the prior quarter.
- The five-year high for Tax Rate was 74.29% in Q2 2023, with the low at 35.9% in Q1 2025.
- Average Tax Rate over 5 years is 1.72%, with a median of 0.87% recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: Tax Rate surged 7474 bps in 2023, then plunged 7620 bps in 2024.
- Over 5 years, Tax Rate stood at 0.41% in 2022, then plunged by 1502 bps to 6.63% in 2023, then soared by 94 bps to 0.43% in 2024, then slumped by 4862 bps to 21.13% in 2025, then gained by 18 bps to 17.27% in 2026.
- The last three Tax Rate figures came in at 17.27% (Q2 2026), 10.09% (Q1 2026), and 21.13% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | EchoStar | 26.70 Bn | 25.21 Bn | 1.65 Bn | 13.56% |
| 2 | AST SpaceMobile | 17.92 Bn | 17.92 Bn | 9.12 Mn | -0.37% |
| 3 | Globalstar | 10.58 Bn | 10.17 Bn | 41.17 Mn | -17.27% |
| 4 | Viasat | 10.16 Bn | 8.42 Bn | 643.41 Mn | -116.07% |
| 5 | Iridium Communications | 5.03 Bn | 4.84 Bn | 173.92 Mn | 21.83% |
| 6 | Telesat | 688.26 Mn | 410.80 Mn | 53.65 Mn | 0.98% |
| 7 | Gogo | 352.21 Mn | 289.07 Mn | - | 129.68% |
| 8 | Kvh Industries Inc \De\ | 138.28 Mn | 80.56 Mn | 14.63 Mn | 55.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -17.27% |
| Mar 31, 2026 | -10.09% |
| Dec 31, 2025 | -21.13% |
| Sep 30, 2025 | 50.23% |
| Jun 30, 2025 | -10.51% |
| Mar 31, 2025 | -35.90% |
| Dec 31, 2024 | -0.43% |
| Sep 30, 2024 | 14.85% |
| Jun 30, 2024 | -1.92% |
| Mar 31, 2024 | -0.06% |
| Dec 31, 2023 | -6.63% |
| Sep 30, 2023 | -1.90% |
| Jun 30, 2023 | 74.29% |
| Mar 31, 2023 | -1.28% |
| Dec 31, 2022 | -0.41% |
| Sep 30, 2022 | 0.07% |
| Jun 30, 2022 | -0.45% |
| Mar 31, 2022 | -0.41% |
| Dec 31, 2021 | 2.51% |
| Sep 30, 2021 | 0.37% |