Logo

GILT

Gilat Satellite Networks Ltd.

GILT

Gilat Satellite Networks Ltd. • NASDAQ
$11.64 ▲ 1.04% (+0.12)
Market Cap $668.30 M
52w High $15.24
52w Low $5.30
Dividend Yield 0%
P/E 27.71
Volume 175.53K
Outstanding Shares 57.41M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $117.691M ▲ $27.185M ▲ $8.098M ▼ 6.881% ▼ $0.14 ▼ $13.906M ▲
Q2-2025 $104.97M ▲ $26.243M ▼ $9.83M ▲ 9.365% ▲ $0.17 ▲ $11.721M ▲
Q1-2025 $92.037M ▲ $31.145M ▲ $-5.996M ▼ -6.515% ▼ $-0.11 ▼ $1.158M ▼
Q4-2024 $78.128M ▲ $18.251M ▼ $11.764M ▲ 15.057% ▲ $0.21 ▲ $17.787M ▲
Q3-2024 $74.611M $20.938M $6.819M 9.139% $0.12 $9.954M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $154.881M ▲ $675.75M ▲ $285.149M ▲ $390.601M ▲
Q2-2025 $64.929M ▲ $575.878M ▼ $260.116M ▼ $315.762M ▲
Q1-2025 $63.783M ▼ $583.048M ▲ $283.534M ▲ $299.514M ▼
Q4-2024 $119.384M ▲ $429.748M ▼ $125.313M ▼ $304.435M ▲
Q3-2024 $109.554M $433.184M $141.709M $291.475M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $8.098M ▼ $29.682M ▲ $-8.787M ▼ $70.072M ▲ $89.478M ▲ $25.322M ▲
Q2-2025 $9.83M ▲ $5.143M ▲ $-3.766M ▲ $-750K ▼ $1.151M ▲ $2.377M ▲
Q1-2025 $-5.996M ▼ $-6.612M ▼ $-108.933M ▼ $58.97M ▲ $-55.983M ▼ $-8.102M ▼
Q4-2024 $11.764M ▲ $16.282M ▲ $-2.515M ▼ $-3.381M ▼ $9.49M ▼ $13.767M ▲
Q3-2024 $6.819M $14.695M $-1.445M $2.598M $16.008M $13.25M

Revenue by Products

Product Q4-2015Q2-2022Q2-2023
Product
Product
 $0 ▲$60.00M ▲$80.00M ▲
Service
Service
 $0 ▲$40.00M ▲$40.00M ▲
Commercial Portfolio Segment
Commercial Portfolio Segment
 $30.00M ▲$0 ▼$0 ▲
Mobility Segment
Mobility Segment
 $10.00M ▲$0 ▼$0 ▲
Services Segment
Services Segment
 $20.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has climbed steadily over the last several years, showing a clear growth trend rather than random swings. Profitability has improved as the business has scaled: gross profit has widened, operating income has moved from losses to consistent profits, and net income is now modestly positive after a soft patch in the middle of the period. That said, profit margins remain relatively thin, and earnings have been somewhat uneven year to year, which means results could still be sensitive to contract timing and execution issues.

Balance Sheet

Balance Sheet The balance sheet looks conservative and relatively robust. Total assets have inched up over time, with cash making up a meaningful share, giving the company a liquidity cushion. Debt levels are very low, so the business is not heavily reliant on borrowing. Shareholders’ equity has been building, which generally reflects retained earnings and a gradual strengthening of the capital base. Overall, the company appears to be financed in a cautious, low‑leverage way, which can help it weather industry volatility but also signals a relatively small scale.

Cash Flow

Cash Flow Cash generation has been consistently positive. Operating cash flow has stayed in the black each year and has grown in line with the business. Free cash flow is also positive, as the company’s investment needs are moderate and fairly stable. This pattern suggests that reported profits are backed by real cash and that the business model is not overly capital‑intensive. The flip side is that while the quality of cash flow appears solid, the absolute level remains modest, so large new growth initiatives or acquisitions may still rely on careful capital planning.

Competitive Edge

Competitive Edge Gilat sits in a specialized corner of the satellite communications market, focused on ground equipment and end‑to‑end solutions that serve operators, defense customers, mobility providers, and telecom carriers. Its integrated offering—platform software, terminals, electronically steered antennas, and power amplifiers—gives it a one‑stop‑shop appeal and helps deepen customer relationships. Backward compatibility and long‑term contracts add switching costs and stickiness. However, the company competes against larger global players in a fast‑moving, capital‑heavy industry, and it depends on winning chunky projects from a relatively concentrated set of customers, including government and defense, which introduces contract and budget risk.

Innovation and R&D

Innovation and R&D Innovation is clearly a core pillar of the strategy. The SkyEdge IV platform, with its cloud‑based, multi‑orbit, and increasingly virtualized design, is aimed at the next generation of satellite networks, including software‑defined satellites and 5G non‑terrestrial networks. The company is pushing into AI‑driven network management and advanced electronically steered antennas for in‑flight and on‑the‑move connectivity, reinforced by acquisitions such as Stellar Blu. This creates a technology edge and opens doors in high‑growth niches like in‑flight connectivity and LEO support. The main risk is execution: the company must continually invest to keep its technology ahead of rivals, successfully integrate acquisitions, and convert these innovations into profitable, repeatable business at scale.

Summary

Gilat shows the profile of a focused, growing satellite communications specialist: revenues are rising, profitability has recovered from earlier softness, and cash flows are consistently positive. Its balance sheet is conservative, with ample cash and little debt, giving it room to invest and absorb shocks. On the strategic side, it benefits from a differentiated, integrated product suite and deep relationships in defense, mobility, and telecom backhaul, supported by a strong innovation engine centered on multi‑orbit, software‑defined, and AI‑enabled solutions. Key uncertainties come from the competitive intensity of the sector, dependence on large contracts and government budgets, and the need to execute well on both its technology roadmap and recent acquisitions. Overall, it appears to be a small but solid player with meaningful exposure to the long‑term growth of satellite connectivity, balanced by typical risks of a niche, project‑driven technology business.

NEWS

November 20, 2025 · 7:05 AM UTC

Gilat Receives More Than $6 Million in Orders to Support Low Earth Orbit Constellations

Read more

November 12, 2025 · 7:13 AM UTC

Gilat Reports Third Quarter 2025 Results

Read more

October 22, 2025 · 7:18 AM UTC

Gilat to Report Third Quarter 2025 Results on Wednesday, November 12th

Read more

October 15, 2025 · 7:09 AM UTC

Gilat Receives $42 Million in Orders from a leading Satellite Operator for its Multi-Orbit SkyEdge IV Platform

Read more

October 6, 2025 · 4:43 AM UTC

Gilat Satellite Networks to Present at the LD Micro Main Event XIX

Read more