Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsLatest reported free cash flow was -$2M.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Free cash flow was negative
Latest reported free cash flow was -$2M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2019-12-31.
- 3 filing risk checks flagged
Flagged areas: Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +9.0% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Operating margin improved
Operating margin changed +3.1 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Solvency & liquidity
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Service$257Mshare n/a+8.3% yoy
- Services Wholesale Capacity$173Mshare n/a+18.9% yoy
- Services SPOT$37.3Mshare n/a-9.3% yoy
- Commercial Lo T$27.3Mshare n/a+3.9% yoy
- Product$15.7Mshare n/a+23.8% yoy
- Services Duplex$15.2Mshare n/a-24.4% yoy
- Services Other$4.77Mshare n/a-1.7% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Service$66.7Mshare n/a+16.9% yoy
- Services Wholesale Capacity$46.3Mshare n/a+26.0% yoy
- Services SPOT$8.65Mshare n/a-7.6% yoy
- Commercial Io T$7.45Mshare n/a+13.2% yoy
- Product$3.36Mshare n/a+13.4% yoy
- Services Duplex$2.58Mshare n/a-25.4% yoy
- +1 more member in the filing
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,003 US-listed filers · 129 in Communication| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $273M | 37thof 3,301 middle third | 29thof 124 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 9.0% | 59thof 3,137 middle third | 65thof 119 middle third |
Operating margin operating income ÷ revenue | 2.7% | 50thof 2,819 middle third | 54thof 117 middle third |
Net margin net income ÷ revenue | -3.2% | 37thof 3,263 middle third | 45thof 122 middle third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -2.4% | 40thof 3,576 middle third | 44thof 100 middle third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 8.6% | 27thof 2,895 bottom third | 11thof 110 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 27 days | 76thof 2,398 top third | 66thof 107 middle third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 0.1× | 79thof 1,546 top third | 91stof 63 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -31.2% | 97thof 2,278 top third | 95thof 64 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -20.0% | 88thof 1,907 top third | 86thof 47 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 5 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Deferred revenue (non-current) ContractWithCustomerLiabilityNoncurrent | balance at 2022-12-31 | $158M 10-K 2023-03-01 | $62.9M 10-K 2024-02-29 | -60.1% | first · latest · 5 filings carry it |
| Total assets Assets | balance at 2022-12-31 | $833M 10-K 2023-03-01 | $738M 10-K 2024-02-29 | -11.4% | first · latest · 5 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2026-03-31 | $343M 10-Q 2026-05-07 | $317M 10-Q 2026-08-06 | -7.5% | first · latest |
| Stock-based compensation ShareBasedCompensation | fiscal year 2020-12-31 | $5.67M 10-K 2021-03-04 | $5.9M 10-K 2023-03-01 | +4.1% | first · latest · 3 filings carry it |
| Stock-based compensation ShareBasedCompensation | fiscal year 2021-12-31 | $6.54M 10-K 2022-02-25 | $6.73M 10-K 2024-02-29 | +2.9% | first · latest · 3 filings carry it |
10 share-count periods re-presented for a stock split (1-for-15) are listed apart from restatements and not counted above.
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for GSAT yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.