Gilat Satellite Networks (GILT) financial statements
Gilat Satellite Networks reported revenue of $452M in fiscal 2025, up 5.5% a year over 9 years.
Net income was $21M and the operating margin 5.2%, against 0.3% in 2016.
Free cash flow was $9M.
The diluted share count rose 16% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Gilat Satellite Networks's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $280M | $283M | $266M | $257M | $166M | $215M | $240M | $266M | $305M | $452M |
| Cost of revenue | $204M | $200M | $172M | $161M | $125M | $144M | $153M | $161M | $192M | $318M |
| Gross profit | $75M | $82M | $94M | $96M | $41M | $71M | $87M | $105M | $113M | $133M |
| Research and development | $25M | $28M | $33M | $30M | $26M | $31M | $36M | $41M | $38M | $47M |
| Selling, general and admin | $50M | $44M | $40M | $40M | $31M | $37M | $40M | $44M | $54M | $66M |
| Operating income | $755,000 | $11M | $21M | $26M | $38M | $2M | $10M | $28M | $28M | $23M |
| Interest expense | $6M | $5M | $5M | $4M | $3M | -$3M | -$4M | -$4M | -$3M | -$8M |
| Pre-tax income | -$4M | $7M | $17M | $23M | $36M | $459,000 | $7M | $28M | $29M | $19M |
| Income tax | $1M | -$247,000 | -$1M | -$14M | $793,000 | $3M | $13M | $5M | $4M | -$2M |
| Net income | -$5M | $7M | $18M | $37M | $35M | -$3M | -$6M | $24M | $25M | $21M |
| EPS (diluted) | -$0.10 | $0.12 | $0.33 | $0.66 | $0.63 | -$0.05 | -$0.10 | $0.41 | $0.44 | $0.34 |
| Diluted shares | 52M | 55M | 56M | 56M | 56M | 56M | 57M | 57M | 57M | 60M |
| Gross margin | 27.0% | 29.2% | 35.3% | 37.4% | 24.9% | 33.2% | 36.2% | 39.4% | 37.1% | 29.5% |
| Operating margin | 0.3% | 3.8% | 8.0% | 10.1% | 22.7% | 1.0% | 4.1% | 10.6% | 9.1% | 5.2% |
| Net margin | -1.9% | 2.4% | 6.9% | 14.3% | 21.1% | -1.4% | -2.5% | 8.8% | 8.1% | 4.6% |
Balance sheet
Fiscal years, from Gilat Satellite Networks's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $40M | $53M | $67M | $75M | $89M | $84M | $87M | $104M | $119M | $185M |
| Receivables | $89M | $50M | $47M | $48M | $28M | $39M | $51M | $45M | $50M | $86M |
| Inventory | $21M | $29M | $21M | $27M | $31M | $28M | $33M | $39M | $39M | $45M |
| Total current assets | $239M | $244M | $246M | $223M | $239M | $199M | $215M | $241M | $256M | $391M |
| Property, plant and equipment | $81M | $82M | $84M | $83M | $77M | $72M | $77M | $74M | $71M | $75M |
| Goodwill | $43M | $43M | $43M | $43M | $43M | $43M | $43M | $55M | $52M | $170M |
| Total assets | $383M | $392M | $395M | $392M | $412M | $368M | $385M | $427M | $430M | $746M |
| Total current liabilities | $147M | $152M | $140M | $121M | $149M | $109M | $126M | $127M | $101M | $215M |
| Long-term debt | — | — | — | — | — | — | $0 | $2M | $2M | $0 |
| Total liabilities | $173M | $173M | $140M | $122M | $162M | $119M | $141M | $152M | $125M | $246M |
| Shareholders' equity | $210M | $218M | $255M | $270M | $250M | $248M | $244M | $275M | $304M | $500M |
| Net debt | -$36M | -$48M | -$63M | -$71M | -$85M | -$82M | -$87M | -$102M | -$117M | -$167M |
Cash flow
Fiscal years, from Gilat Satellite Networks's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$37M | -$17M | $32M | $35M | $43M | $19M | $11M | $32M | $32M | $21M |
| Capital spending | $4M | $4M | $11M | $8M | $5M | $9M | $13M | $11M | $7M | $11M |
| Free cash flow | -$41M | -$21M | $21M | $27M | $38M | $10M | -$2M | $21M | $25M | $9M |
| Stock-based compensation | $908,000 | $856,000 | $1M | $2M | $1M | $1M | $2M | $3M | $7M | $8M |
| Dividends paid | — | — | — | $25M | $20M | $35M | $0 | $0 | — | — |
| Net borrowing | -$11M | -$5M | -$4M | -$4M | -$4M | -$4M | $0 | $0 | $0 | -$60M |
| Free cash flow margin | -14.7% | -7.4% | 8.0% | 10.4% | 23.1% | 4.6% | -0.8% | 8.0% | 8.2% | 2.0% |
| Dividends per share | — | — | — | $0.44 | $0.36 | $0.62 | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for GILT.
Open GILT in InvestinglyQuestions
What was Gilat Satellite Networks's revenue in 2025?
$452M in fiscal 2025, from its 10-K filing.
How much free cash flow does Gilat Satellite Networks generate?
$9M in fiscal 2025 (operating cash flow minus capital spending).
From Gilat Satellite Networks's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.