Globalstar, Inc. (GSAT) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Communication Services / Telecom · as of Jun 27, 2026
Globalstar, Inc. (GSAT)
A forensic read on Globalstar, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Distress
Financial health
-2.0
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-2.5%
ROE
$10.3B
Market cap
0.10%
Dividend yield
Globalstar, Inc. earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is -2.0, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
0%Return on invested capital.Return on invested capital is 0% and rising from -34% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
+1.9%/yrShare-count dilution.Diluted share count changed +6% over the last 3 years to FY2025 (+1.9%/yr). A reversal: the count shrank earlier (net -12.9%/yr since FY2018) but the company has SWUNG to issuing stock — recent holders are now being diluted, not rewarded. That's ~1.9% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~6%.
-11%Dividend — cut.The payout was CUT ~11% in FY2024 (from FY2023). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin-3.2%
Debt / Equity1.36x
Free Cash Flow$616.1M
Latest Revenue$273.0M
Return on Equity-2.4%
Revenue Growth YoY+9.0%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Globalstar, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about GSAT's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown