Wholesale Capacity Services was Globalstar’s largest product and service line in fiscal 2025, bringing in $172.73M of $272.99M (63%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Wholesale Capacity Services | $34.91M | $109.07M | $145.30M | $172.73M | ||||||
| Services, Wholesale Capacity | — | — | — | — | ||||||
| Spot | $45.67M | $44.18M | $41.14M | $37.31M | ||||||
| Services Spot | — | — | — | — | ||||||
| Services, Spot | — | — | — | — | ||||||
| Duplex | $29.22M | $25.93M | $20.16M | $15.24M | ||||||
| Services Duplex | — | — | — | — | ||||||
| Services, Duplex | — | — | — | — | ||||||
| Commercial Iot | $19.52M | $22.87M | $26.25M | $27.26M | ||||||
| Commercial Lo T | — | — | — | — | ||||||
| Subscriber Equipment Sales | $16.44M | $19.61M | $12.66M | $15.68M | ||||||
| Services Commercial Io T | — | — | — | — | ||||||
| Services, Commercial Iot | — | — | — | — | ||||||
| Services, Simplex | — | — | — | — | ||||||
| Subscriber Commercial Io T | — | — | — | — | ||||||
| Subscriber, Commercial Iot | — | — | — | — | ||||||
| Product Spot | — | — | — | — | ||||||
| Subscriber Equipment, Spot | — | — | — | — | ||||||
| Product Commercial Lo T | — | — | — | — | ||||||
| Subscriber Equipment, Simplex | — | — | — | — | ||||||
| Services, Engineering & Other | — | — | — | — | ||||||
| Government & Other Services | $2.75M | $2.15M | $4.85M | $4.77M | ||||||
| Engineering & Other Services | — | — | — | — | ||||||
| Services, Other | — | — | — | — | ||||||
| Product Duplex | — | — | — | — | ||||||
| Subscriber Equipment, Duplex | — | — | — | — | ||||||
| Services, Igo | — | — | — | — | ||||||
| Subscriber Equipment, Igo | — | — | — | — | ||||||
| Other | — | — | — | — | ||||||
| Subscriber Equipment, Other | — | — | — | — | ||||||
| Total | $148.50M | $223.81M | $250.35M | $272.99M |
Globalstar brought in $272.99M from its six product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 9.0% from $250.35M in fiscal 2024. Wholesale Capacity Services was the largest at $172.73M (63.3%), ahead of Spot at $37.31M (13.7%) and Commercial Iot at $27.26M (10.0%). The other three lines brought in $35.68M combined.
Compared with fiscal 2024, Subscriber Equipment Sales grew fastest, up 23.8% to $15.68M, while Duplex fell the most, down 24.4% to $15.24M. From fiscal 2022 to 2025, combined revenue from these lines grew from $148.50M to $272.99M, a compound annual growth rate of 22.5%. Wholesale Capacity Services' share of the total rose from 23.5% to 63.3%.
United States was Globalstar’s largest region in fiscal 2025, bringing in $238.14M of $272.99M (87%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| United States | $107.72M | $179.22M | $213.06M | $238.14M | ||||||
| Canada | $22.16M | $21.21M | $13.95M | $11.55M | ||||||
| Europe | $8.30M | $9.84M | $9.82M | $10.39M | ||||||
| Central & South America | $9.75M | $12.84M | $12.96M | $12.32M | ||||||
| Others | $575.00K | $695.00K | $560.00K | $591.00K | ||||||
| Total | $148.50M | $223.81M | $250.35M | $272.99M |
Globalstar brought in $272.99M from its five regions in fiscal 2025, the year ended December 31, 2025. That was up 9.0% from $250.35M in fiscal 2024. United States was the largest at $238.14M (87.2%), ahead of Central & South America at $12.32M (4.5%) and Canada at $11.55M (4.2%). The other two regions brought in $10.98M combined.
Compared with fiscal 2024, United States grew fastest, up 11.8% to $238.14M, while Canada fell the most, down 17.2% to $11.55M. From fiscal 2022 to 2025, combined revenue from these regions grew from $148.50M to $272.99M, a compound annual growth rate of 22.5%. United States' share of the total rose from 72.5% to 87.2%.
Guarantor Subsidiaries was Globalstar’s largest revenue line in fiscal 2010, bringing in $50.43M of $67.94M (74%).
| Legal Entity | FY 2010 |
|---|---|
| Guarantor Subsidiaries | $50.43M |
| Non Guarantor Subsidiaries | $23.36M |
| Parent Company | $10.88M |
| Consolidation Eliminations | -$16.73M |
| Total | $67.94M |
Globalstar brought in $67.94M from its four revenue lines in fiscal 2010, the year ended December 31, 2010. Guarantor Subsidiaries was the largest at $50.43M (74.2%), ahead of Non Guarantor Subsidiaries at $23.36M (34.4%) and Parent Company at $10.88M (16.0%).
The total is net of Consolidation Eliminations, which took $16.73M off revenue in fiscal 2010.
Globalstar (GSAT) reports its revenue by product and service, by geography and by legal entity. In fiscal 2025, Wholesale Capacity Services was its largest product and service line, bringing in $172.73M (63.3% of the total), followed by Spot at $37.31M (13.7%).
Wholesale Capacity Services was Globalstar's largest product and service line in fiscal 2025, bringing in $172.73M, or 63.3% of the $272.99M total across its six product and service lines.
United States was Globalstar's largest region in fiscal 2025, bringing in $238.14M, or 87.2% of the $272.99M total across its five regions.
Guarantor Subsidiaries was Globalstar's largest revenue line in fiscal 2010, bringing in $50.43M, or 74.2% of the $67.94M total across its four revenue lines.
Among Globalstar's product and service lines that make up at least 2% of revenue, Subscriber Equipment Sales grew fastest in fiscal 2025, up 23.8% from $12.66M to $15.68M.
Every figure comes from Globalstar's annual financial filings, as reported. Each line keeps the name Globalstar gives it, and years follow its fiscal calendar.
Globalstar's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.