NASDAQ : GILT
Gilat Satellite Networks Ltd. — Financial statements
Technology · Communication Equipment · Israel
Last price 8.05 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 620.09M
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Financial statements
Gilat Satellite Networks Ltd. (GILT) reported revenue of 487.79M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 487.79M | 451.66M | 305.45M | 266.09M | 239.84M | 214.97M |
| Cost of Revenue | 339.86M | 318.31M | 192.12M | 161.15M | 152.93M | 143.70M |
| Gross Profit | 147.93M | 133.34M | 113.33M | 104.94M | 86.91M | 71.27M |
| Selling, General & Admin | 71.79M | 66.46M | 54.25M | 44.46M | 40.11M | 37.10M |
| Research & Development | 46.44M | 46.65M | 38.14M | 41.17M | 35.64M | 31.34M |
| Other Operating Expenses | -2.33M | 1.37M | 4.67M | 443.00K | ||
| Operating Expenses | 115.93M | 114.49M | 97.06M | 86.07M | 75.75M | 68.44M |
| Operating Income | 32.00M | 18.86M | 16.27M | 18.87M | 11.16M | 2.83M |
| Interest Expense | -4.33M | -6.52M | -501.00K | -232.00K | ||
| Interest & Investment Income | 7.15M | 3.69M | 4.35M | 3.71M | 980.00K | 315.00K |
| Currency Exchange Gain (Loss) | 172.00K | 172.00K | -839.00K | -35.00K | -2.02M | -543.00K |
| Other Non Operating Income (Expenses) | -1.87M | -1.87M | -1.51M | -1.93M | -1.78M | -1.49M |
| EBT Excluding Unusual Items | 33.12M | 14.33M | 17.78M | 20.38M | 8.34M | 1.11M |
| Merger & Restructuring Charges | -4.62M | -4.62M | -3.68M | -1.55M | -438.00K | |
| Gain (Loss) on Sale of Investments | -1.40M | |||||
| Gain (Loss) on Sale of Assets | 2.08M | -771.00K | -651.00K | |||
| Legal Settlements | 3.37M | 3.37M | 13.30M | 8.32M | ||
| Other Unusual Items | -1.17M | 5.83M | 1.80M | 361.00K | ||
| Pretax Income | 30.70M | 18.91M | 29.20M | 28.19M | 7.13M | 459.00K |
| Income Tax Expense | 433.00K | -1.81M | 4.35M | 4.69M | 13.06M | 3.49M |
| Earnings From Continuing Operations | 30.27M | 20.72M | 24.85M | 23.50M | -5.93M | -3.03M |
| Net Income | 30.27M | 20.72M | 24.85M | 23.50M | -5.93M | -3.03M |
| Net Income to Common | 30.27M | 20.72M | 24.85M | 23.50M | -5.93M | -3.03M |
| Shares Outstanding (Basic) | 68.77M | 59.43M | 57.02M | 56.67M | 56.59M | 56.40M |
| Shares Outstanding (Diluted) | 70.98M | 60.40M | 57.02M | 56.67M | 56.59M | 56.40M |
| EPS (Basic) | 0.44 | 0.35 | 0.44 | 0.41 | -0.10 | -0.05 |
| EPS (Diluted) | 0.42 | 0.34 | 0.44 | 0.41 | -0.10 | -0.05 |
| Free Cash Flow | -3.35M | 9.19M | 25.06M | 21.20M | -1.98M | 9.97M |
| Free Cash Flow Per Share | -0.05 | 0.15 | 0.44 | 0.37 | -0.04 | 0.18 |
| Gross Margin | 30.33% | 29.52% | 37.10% | 39.44% | 36.24% | 33.15% |
| Operating Margin | 6.56% | 4.17% | 5.33% | 7.09% | 4.65% | 1.32% |
| Profit Margin | 6.21% | 4.59% | 8.13% | 8.83% | -2.47% | -1.41% |
| Free Cash Flow Margin | -0.69% | 2.03% | 8.20% | 7.97% | -0.83% | 4.64% |
| EBITDA | 56.13M | 42.51M | 29.83M | 32.27M | 22.77M | 13.82M |
| EBITDA Margin | 11.51% | 9.41% | 9.77% | 12.13% | 9.49% | 6.43% |
| D&A For EBITDA | 24.13M | 23.65M | 13.55M | 13.40M | 11.61M | 10.99M |
| EBIT | 32.00M | 18.86M | 16.27M | 18.87M | 11.16M | 2.83M |
| EBIT Margin | 6.56% | 4.17% | 5.33% | 7.09% | 4.65% | 1.32% |
| Effective Tax Rate | 1.41% | 14.90% | 16.63% | 183.08% | 760.78% | |
| Revenue as Reported | 487.79M | 451.66M | 305.45M | 266.09M | 239.84M | 214.97M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 144.81M | 168.91M | 119.38M | 103.96M | 86.59M | 81.86M |
| Short-Term Investments | 14.35M | 16.43M | 2.16M | |||
| Cash & Short-Term Investments | 159.16M | 185.34M | 119.38M | 103.96M | 86.59M | 84.02M |
| Accounts Receivable | 140.45M | 122.92M | 74.54M | 73.05M | 75.61M | 65.17M |
| Receivables | 140.45M | 122.92M | 74.54M | 73.05M | 75.61M | 65.17M |
| Inventory | 65.49M | 45.43M | 38.89M | 38.52M | 33.02M | 28.43M |
| Prepaid Expenses | 11.39M | 7.88M | 6.27M | 6.23M | 6.40M | 5.86M |
| Restricted Cash | 64.00K | 88.00K | 853.00K | 736.00K | 541.00K | 2.59M |
| Other Current Assets | 23.19M | 29.53M | 15.70M | 18.07M | 12.88M | 13.34M |
| Total Current Assets | 399.74M | 391.18M | 255.63M | 240.57M | 215.05M | 199.41M |
| Property, Plant & Equipment | 81.82M | 81.09M | 77.39M | 79.42M | 80.47M | 76.87M |
| Long-Term Investments | 3.50M | |||||
| Goodwill | 169.53M | 169.53M | 52.49M | 54.74M | 43.47M | 43.47M |
| Other Intangible Assets | 48.99M | 53.99M | 12.93M | 16.05M | 309.00K | 640.00K |
| Long-Term Accounts Receivable | 7.19M | 7.89M | 8.15M | 9.28M | 11.15M | 12.54M |
| Long-Term Deferred Tax Assets | 17.92M | 15.56M | 11.90M | 11.48M | 18.27M | 17.55M |
| Other Long-Term Assets | 35.97M | 23.31M | 11.27M | 15.34M | 16.70M | 17.26M |
| Total Assets | 761.17M | 746.05M | 429.75M | 426.89M | 385.41M | 367.74M |
| Accounts Payable | 45.44M | 31.61M | 17.11M | 13.87M | 20.67M | 19.78M |
| Accrued Expenses | 90.79M | 77.52M | 62.21M | 68.22M | 71.90M | 61.78M |
| Short-Term Debt | 7.45M | |||||
| Current Portion of Long-Term Debt | 2.00M | 2.00M | ||||
| Current Portion of Leases | 3.25M | 2.96M | 2.56M | 2.43M | 1.94M | 1.82M |
| Current Unearned Revenue | 50.22M | 78.50M | 18.59M | 34.49M | 30.53M | 24.99M |
| Other Current Liabilities | 11.47M | 22.89M | 974.00K | 113.00K | 751.00K | 146.00K |
| Total Current Liabilities | 203.18M | 215.48M | 101.44M | 126.58M | 125.79M | 108.51M |
| Long-Term Debt | 2.00M | 2.00M | ||||
| Long-Term Leases | 4.36M | 3.10M | 4.01M | 3.02M | 1.89M | 2.28M |
| Long-Term Unearned Revenue | 71.00K | 67.00K | 580.00K | 1.14M | 1.04M | 1.21M |
| Other Long-Term Liabilities | 8.95M | 27.13M | 17.28M | 19.45M | 12.57M | 7.41M |
| Total Liabilities | 216.56M | 245.78M | 125.31M | 152.20M | 141.29M | 119.41M |
| Common Stock | 3.97M | 3.77M | 2.73M | 2.73M | 2.71M | 2.71M |
| Additional Paid-In Capital | 1.15B | 1.12B | 943.29M | 937.59M | 932.09M | 929.87M |
| Retained Earnings | -601.37M | -614.75M | -635.47M | -660.32M | -683.83M | -677.90M |
| Comprehensive Income & Other | -6.16M | -3.77M | -6.12M | -5.32M | -6.85M | -6.36M |
| Shareholders' Equity | 544.61M | 500.28M | 304.44M | 274.69M | 244.12M | 248.32M |
| Total Liabilities & Equity | 761.17M | 746.05M | 429.75M | 426.89M | 385.41M | 367.74M |
| Total Debt | 9.62M | 8.06M | 8.57M | 14.90M | 3.83M | 4.10M |
| Net Cash (Debt) | 149.54M | 177.28M | 110.81M | 89.06M | 82.76M | 79.92M |
| Net Cash Per Share | 2.11 | 2.94 | 1.94 | 1.57 | 1.46 | 1.42 |
| Filing Date Shares Outstanding | 77.03M | 75.47M | 57.06M | 57.02M | 56.61M | 56.59M |
| Total Common Shares Outstanding | 77.03M | 73.83M | 57.02M | 57.02M | 56.61M | 56.54M |
| Working Capital | 196.56M | 175.70M | 154.19M | 113.99M | 89.27M | 90.90M |
| Book Value Per Share | 7.07 | 6.78 | 5.34 | 4.82 | 4.31 | 4.39 |
| Tangible Book Value | 326.08M | 276.76M | 239.02M | 203.90M | 200.35M | 204.22M |
| Tangible Book Value Per Share | 4.23 | 3.75 | 4.19 | 3.58 | 3.54 | 3.61 |
| Buildings | 84.54M | 84.45M | 84.02M | 83.78M | 83.44M | 82.90M |
| Machinery | 84.43M | 81.26M | 72.09M | 68.67M | 63.22M | 53.63M |
| Leasehold Improvements | 3.33M | 3.02M | 2.62M | 2.78M | 2.52M | 2.40M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 30.27M | 20.72M | 24.85M | 23.50M | -5.93M | -3.03M |
| Depreciation & Amortization | 24.13M | 23.65M | 13.55M | 13.40M | 11.61M | 10.99M |
| Loss (Gain) From Sale of Assets | -2.08M | 771.00K | 651.00K | |||
| Stock-Based Compensation | 16.75M | 8.42M | 6.73M | 3.42M | 2.22M | 1.30M |
| Other Operating Activities | -1.88M | -3.81M | 1.75M | 2.83M | -491.00K | 1.77M |
| Change in Accounts Receivable | -78.84M | -54.22M | -828.00K | 11.75M | -8.68M | 10.21M |
| Change in Inventory | -18.77M | 1.54M | -1.93M | -2.39M | -5.42M | 2.45M |
| Change in Accounts Payable | 26.36M | -2.19M | 3.20M | -7.63M | -259.00K | -711.00K |
| Change in Unearned Revenue | -7.21M | 5.65M | -16.39M | 803.00K | 5.93M | -917.00K |
| Change in Other Net Operating Assets | 17.26M | 20.91M | 745.00K | -11.66M | 11.06M | -3.81M |
| Operating Cash Flow | 8.06M | 20.68M | 31.67M | 31.94M | 10.81M | 18.90M |
| Capital Expenditures | -11.41M | -11.49M | -6.61M | -10.75M | -12.79M | -8.93M |
| Sale of Property, Plant & Equipment | 2.17M | 4.01M | ||||
| Cash Acquisitions | -10.00M | -104.94M | -4.11M | |||
| Investment in Securities | -14.35M | -19.93M | 623.00K | -2.16M | ||
| Investing Cash Flow | -35.76M | -136.37M | -6.61M | -12.69M | -8.16M | -11.09M |
| Short-Term Debt Issued | 7.84M | |||||
| Long-Term Debt Issued | 58.97M | |||||
| Total Debt Issued | 58.97M | 7.84M | ||||
| Short-Term Debt Repaid | -15.29M | -1.59M | ||||
| Long-Term Debt Repaid | -60.00M | -654.00K | -4.00M | |||
| Total Debt Repaid | -59.25M | -60.00M | -15.94M | -1.59M | -4.00M | |
| Net Debt Issued (Repaid) | -59.25M | -1.03M | -8.11M | -1.59M | -4.00M | |
| Issuance of Common Stock | 164.27M | 164.23M | ||||
| Common Dividends Paid | -35.00M | |||||
| Financing Cash Flow | 105.02M | 163.20M | -8.11M | -1.59M | -39.00M | |
| Foreign Exchange Rate Adjustments | 2.13M | 1.24M | -1.45M | -63.00K | 32.00K | -303.00K |
| Net Cash Flow | 79.45M | 48.75M | 15.50M | 17.61M | 2.68M | -31.50M |
| Free Cash Flow | -3.35M | 9.19M | 25.06M | 21.20M | -1.98M | 9.97M |
| Free Cash Flow Margin | -0.69% | 2.03% | 8.20% | 7.97% | -0.83% | 4.64% |
| Free Cash Flow Per Share | -0.05 | 0.15 | 0.44 | 0.37 | -0.04 | 0.18 |
| Levered Free Cash Flow | 19.65M | 70.34M | 6.07M | 2.44M | 12.09M | 3.69M |
| Unlevered Free Cash Flow | 22.36M | 74.42M | 6.38M | 2.58M | 12.09M | 3.69M |
| Cash Interest Paid | 4.60M | 4.60M | 544.00K | 564.00K | 98.00K | |
| Cash Income Tax Paid | 1.58M | 1.58M | 1.89M | 13.64M | 2.44M | 1.19M |
| Change in Working Capital | -61.21M | -28.31M | -15.21M | -9.13M | 2.63M | 7.22M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 570.79M | 946.48M | 350.65M | 345.96M | 328.33M | 399.73M |
| Enterprise Value | 421.25M | 857.06M | 250.38M | 249.96M | 263.65M | 340.09M |
| Last Close Price | 7.78 | 12.94 | 6.15 | 6.11 | 5.80 | 7.07 |
| PE Ratio | 17.62 | 45.67 | 14.11 | 14.72 | ||
| Forward PE | 19.00 | 36.97 | 13.77 | 21.82 | 44.62 | 44.19 |
| PS Ratio | 1.19 | 2.10 | 1.15 | 1.30 | 1.37 | 1.86 |
| PB Ratio | 1.10 | 1.89 | 1.15 | 1.26 | 1.34 | 1.61 |
| P/TBV Ratio | 1.78 | 3.42 | 1.47 | 1.70 | 1.64 | 1.96 |
| P/FCF Ratio | 103.05 | 13.99 | 16.32 | 40.09 | ||
| P/OCF Ratio | 71.88 | 45.78 | 11.07 | 10.83 | 30.36 | 21.15 |
| PEG Ratio | 2.56 | 5.13 | 1.38 | 3.98 | 3.98 | 3.98 |
| EV/Sales Ratio | 0.88 | 1.90 | 0.82 | 0.94 | 1.10 | 1.58 |
| EV/EBITDA Ratio | 7.66 | 20.16 | 8.39 | 7.75 | 11.58 | 24.60 |
| EV/EBIT Ratio | 13.43 | 45.45 | 15.39 | 13.25 | 23.62 | 120.09 |
| EV/FCF Ratio | 93.31 | 9.99 | 11.79 | 34.11 | ||
| Debt / Equity Ratio | 0.02 | 0.02 | 0.03 | 0.05 | 0.02 | 0.02 |
| Debt / EBITDA Ratio | 0.16 | 0.17 | 0.26 | 0.42 | 0.15 | 0.25 |
| Debt / FCF Ratio | 0.88 | 0.34 | 0.70 | 0.41 | ||
| Net Debt / Equity Ratio | -0.28 | -0.35 | -0.36 | -0.32 | -0.34 | -0.32 |
| Net Debt / EBITDA Ratio | -2.66 | -4.17 | -3.71 | -2.76 | -3.63 | -5.78 |
| Net Debt / FCF Ratio | 44.64 | -19.30 | -4.42 | -4.20 | 41.82 | -8.02 |
| Asset Turnover | 0.73 | 0.77 | 0.71 | 0.66 | 0.64 | 0.55 |
| Inventory Turnover | 5.95 | 7.55 | 4.96 | 4.50 | 4.98 | 4.81 |
| Quick Ratio | 1.48 | 1.43 | 1.91 | 1.40 | 1.29 | 1.38 |
| Current Ratio | 1.97 | 1.81 | 2.52 | 1.90 | 1.71 | 1.84 |
| Return on Equity (ROE) | 7.04% | 5.15% | 8.58% | 9.06% | -2.41% | -1.22% |
| Return on Assets (ROA) | 2.99% | 2.00% | 2.38% | 2.90% | 1.85% | 0.45% |
| Return on Invested Capital (ROIC) | 8.22% | 7.30% | 7.30% | 9.07% | -5.62% | -11.04% |
| Return on Capital Employed (ROCE) | 5.70% | 3.60% | 5.00% | 6.30% | 4.30% | 1.10% |
| Earnings Yield | 5.68% | 2.19% | 7.09% | 6.79% | -1.81% | -0.76% |
| FCF Yield | -0.58% | 0.97% | 7.15% | 6.13% | -0.60% | 2.49% |
| Buyback Yield / Dilution | -24.30% | -5.94% | -0.61% | -0.14% | -0.34% | -1.47% |
| Total Shareholder Return | -24.30% | -5.94% | -0.61% | -0.14% | -0.34% | -1.47% |