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Globalstar vs Viasat: revenue, profit, margins and growth compared

Globalstar brought in $273M of revenue in fiscal 2025, Viasat $4.6B in fiscal 2026. Revenue changed by +9.0% at Globalstar and +2.7% at Viasat on the year before, so Globalstar grew faster. Globalstar kept -3.2% of its revenue as net profit, Viasat -0.7%.

Side by side, latest fiscal year

GSATVSAT
Fiscal year endedFY2025 (December 31, 2025)FY2026 (March 31, 2026)
Revenue$273M$4.6B
Revenue growth+9.0%+2.7%
Net income-$8.7M-$34.1M
Net margin-3.2%-0.7%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)-$0.15-$0.25
Cash$447.5M$1.7B
Debt$483.8M$57.8M
Price to earningsn/an/a
Market value$10.7B$10.1B
Dividend yieldn/an/a
Rank by revenue in sector#628 of 778 · Consumer discretionary#215 of 778 · Consumer discretionary

Over the years

Revenue
GSAT FY2018: $130.1MGSAT FY2019: $131.7MGSAT FY2020: $128.5MGSAT FY2021: $124.3MGSAT FY2022: $148.5MGSAT FY2023: $223.8MGSAT FY2024: $250.3MGSAT FY2025: $273MVSAT FY2019: $2.1BVSAT FY2020: $2.3BVSAT FY2021: $1.9BVSAT FY2022: $2.4BVSAT FY2023: $2.6BVSAT FY2024: $4.3BVSAT FY2025: $4.5BVSAT FY2026: $4.6BFY18FY19FY20FY21FY22FY23FY24FY25FY26
GSAT $273MVSAT $4.6B
Net income
GSAT FY2018: -$6.5MGSAT FY2019: $15.3MGSAT FY2020: -$109.6MGSAT FY2021: -$112.6MGSAT FY2022: -$256.9MGSAT FY2023: -$24.7MGSAT FY2024: -$63.2MGSAT FY2025: -$8.7MVSAT FY2019: -$67.6MVSAT FY2020: -$212KVSAT FY2021: $3.7MVSAT FY2022: -$15.5MVSAT FY2023: $1.1BVSAT FY2024: -$1.1BVSAT FY2025: -$575MVSAT FY2026: -$34.1MFY18FY19FY20FY21FY22FY23FY24FY25FY26
GSAT -$8.7MVSAT -$34.1M
Net margin
GSAT FY2018: -5.0%GSAT FY2019: 11.6%GSAT FY2020: -85.3%GSAT FY2021: -90.6%GSAT FY2022: -173.0%GSAT FY2023: -11.0%GSAT FY2024: -25.2%GSAT FY2025: -3.2%VSAT FY2019: -3.3%VSAT FY2020: -0.0%VSAT FY2021: 0.2%VSAT FY2022: -0.6%VSAT FY2023: 42.4%VSAT FY2024: -25.0%VSAT FY2025: -12.7%VSAT FY2026: -0.7%FY18FY19FY20FY21FY22FY23FY24FY25FY26
GSAT -3.2%VSAT -0.7%
Revenue growth
GSAT FY2019: +1.2%GSAT FY2020: -2.5%GSAT FY2021: -3.3%GSAT FY2022: +19.5%GSAT FY2023: +50.7%GSAT FY2024: +11.9%GSAT FY2025: +9.0%VSAT FY2020: +11.7%VSAT FY2021: -16.8%VSAT FY2022: +25.8%VSAT FY2023: +5.7%VSAT FY2024: +67.6%VSAT FY2025: +5.5%VSAT FY2026: +2.7%FY19FY20FY21FY22FY23FY24FY25FY26
GSAT +9.0%VSAT +2.7%
Free cash flow
GSAT FY2018: -$1.4MGSAT FY2019: -$1.5MVSAT FY2019: -$309.3MVSAT FY2020: -$257MVSAT FY2021: -$100MVSAT FY2022: -$432.6MVSAT FY2023: -$709.1MFY18FY19FY20FY21FY22FY23
GSAT -$1.5MVSAT -$709.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Globalstar and Viasat

Which is bigger by revenue, Globalstar or Viasat?

Viasat is bigger by revenue: $4.6B in fiscal 2026, against $273M for Globalstar in fiscal 2025.

Which keeps more of its revenue as profit, Globalstar or Viasat?

Globalstar had a net margin of -3.2% in fiscal 2025; Viasat had -0.7% in fiscal 2026.

Which grew revenue faster, Globalstar or Viasat?

In their latest fiscal years revenue changed by +9.0% at Globalstar and +2.7% at Viasat.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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