GILT

MKT CAP:$1B

Gilat Satellite Networks Ltd.

Market Cap

$1B

Technology·Communication Equipment·🇮🇱 Israel·NASDAQ

Technology·Communication·🇮🇱·NASDAQ

Stock Price

$17.10+$3.69 (+27.52%)

Apr 22, 2026

Company Details

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel and internationally. It operates through Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure ...

CEO

Adi Sfadia

IPO Date

Mar 26, 1993

Website

www.gilat.com

Key Metrics TTM

Revenue

$452M

+47.9% YoY

Net Income

$21M

EPS (Diluted)

$0.33

Free Cash Flow

$10M

Revenue / Share

$6.70

Gross Margin

29.5%

Operating Margin

3.6%

Net Margin

4.6%

FCF Margin

2.2%

P/S

2.3x

P/E

50.4x

Earnings Reports

FY 2025

Mar 16, 2026

$452M+47.9%EPS $0.34

Q4 2025

Mar 16, 2026

$137M+75.3%EPS $0.13

Q3 2025

Nov 12, 2025

$118M+57.7%EPS $0.14

Q2 2025

Aug 12, 2025

$105M+37.0%EPS $0.17

Q1 2025

May 19, 2025

$92M+21.0%EPS -$0.11

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$51M	$16M	-$1M
Q2 22	$55M	$20M	$1M
Q3 22	$60M	$23M	$3M
Q4 22	$73M	$28M	$6M
Q1 23	$59M	$25M	$7M
Q2 23	$68M	$26M	$5M
Q3 23	$64M	$26M	$13M
Q4 23	$76M	$29M	$3M
Q1 24	$76M	$28M	$5M
Q2 24	$77M	$27M	$3M
Q3 24	$75M	$28M	$7M
Q4 24	$78M	$31M	$13M
Q1 25	$92M	$28M	-$3M
Q2 25	$105M	$32M	$6M
Q3 25	$118M	$35M	$8M
Q4 25	$137M	$38M	$6M

Valuation

Quarter	P/S	P/E
Q1 22	6.2x	23.7x
Q2 22	5.6x	21.4x
Q3 22	5.0x	16.7x
Q4 22	4.4x	—
Q1 23	4.2x	477.8x
Q2 23	4.0x	173.9x
Q3 23	4.0x	74.4x
Q4 23	3.9x	44.4x
Q1 24	3.7x	45.6x
Q2 24	3.6x	52.6x
Q3 24	3.4x	63.2x
Q4 24	3.4x	42.0x
Q1 25	3.2x	75.2x
Q2 25	3.0x	46.6x
Q3 25	2.7x	44.1x
Q4 25	2.3x	50.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$7M	-$10M
Q2 22	-$3M	-$6M
Q3 22	$5M	$1.0K
Q4 22	$16M	$13M
Q1 23	$6M	$3M
Q2 23	$2M	-$2M
Q3 23	$14M	$12M
Q4 23	$10M	$8M
Q1 24	$4M	$3M
Q2 24	-$4M	-$5M
Q3 24	$15M	$13M
Q4 24	$16M	$14M
Q1 25	-$7M	-$8M
Q2 25	$5M	$2M
Q3 25	$30M	$25M
Q4 25	-$6M	-$10M

Capital Expenditures

Quarter	CapEx
Q1 22	$2M
Q2 22	$2M
Q3 22	$5M
Q4 22	$3M
Q1 23	$3M
Q2 23	$4M
Q3 23	$2M
Q4 23	$2M
Q1 24	$793.0K
Q2 24	$2M
Q3 24	$1M
Q4 24	$3M
Q1 25	$1M
Q2 25	$3M
Q3 25	$4M
Q4 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+7.8%	-10.3%
Q2 22	+44.7%	+29.2%
Q3 22	+61.9%	+18.2%
Q4 22	+70.4%	+431.0%
Q1 23	+14.7%	-0.9%
Q2 23	+21.9%	+15.2%
Q3 23	+5.9%	-10.1%
Q4 23	+4.1%	+9.3%
Q1 24	+29.0%	+36.1%
Q2 24	+13.4%	+18.8%
Q3 24	+16.7%	+32.6%
Q4 24	+3.3%	-10.1%
Q1 25	+21.0%	+34.1%
Q2 25	+37.0%	+34.5%
Q3 25	+57.7%	+62.3%
Q4 25	+75.3%	+100.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$492.0K	1.0%
Q2 22	$569.0K	1.0%
Q3 22	$572.0K	0.9%
Q4 22	$0	0.0%
Q1 23	$602.0K	1.0%
Q2 23	$512.0K	0.8%
Q3 23	$722.0K	1.1%
Q4 23	$0	0.0%
Q1 24	$2M	2.9%
Q2 24	$2M	2.2%
Q3 24	$2M	2.6%
Q4 24	-$3M	-3.2%
Q1 25	$2M	1.8%
Q2 25	$392.0K	0.4%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$8M	$4M	$5M	—
Q2 22	$9M	$4M	$5M	—
Q3 22	$9M	$5M	$5M	—
Q4 22	$10M	$6M	$6M	—
Q1 23	$10M	$4M	$6M	—
Q2 23	$9M	$5M	$6M	—
Q3 23	$11M	$4M	$6M	—
Q4 23	$12M	$6M	$7M	—
Q1 24	$9M	$8M	$7M	—
Q2 24	$9M	$6M	$7M	—
Q3 24	$9M	$6M	$7M	—
Q4 24	$10M	$6M	$7M	—
Q1 25	$12M	$7M	$8M	—
Q2 25	$12M	$6M	$8M	—
Q3 25	$11M	$7M	$9M	—
Q4 25	$11M	—	—	$21M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$74M	$2M	$76M
Q2 22	$70M	$0	$70M
Q3 22	$68M	$0	$68M
Q4 22	$87M	$0	$87M
Q1 23	$89M	$0	$89M
Q2 23	$87M	$0	$87M
Q3 23	$100M	$0	$100M
Q4 23	$104M	$0	$104M
Q1 24	$104M	$0	$104M
Q2 24	$94M	$0	$94M
Q3 24	$110M	$0	$110M
Q4 24	$119M	$0	$119M
Q1 25	$64M	$0	$64M
Q2 25	$65M	$0	$65M
Q3 25	$155M	$0	$155M
Q4 25	$169M	$16M	$185M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	57M	+1.3%	+1.9%
Q2 22	57M	+0.1%	+2.0%
Q3 22	57M	0.0%	+2.0%
Q4 22	57M	-0.0%	+1.4%
Q1 23	57M	+0.0%	+0.1%
Q2 23	57M	-0.0%	-0.0%
Q3 23	57M	+0.0%	-0.0%
Q4 23	57M	+0.3%	+0.4%
Q1 24	57M	+0.3%	+0.7%
Q2 24	57M	+0.0%	+0.7%
Q3 24	57M	+0.0%	+0.7%
Q4 24	57M	-0.0%	+0.3%
Q1 25	57M	+0.0%	+0.0%
Q2 25	57M	+0.5%	+0.6%
Q3 25	60M	+4.4%	+5.0%
Q4 25	67M	+12.6%	+18.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$64.6K	796
Q2 22	$69.7K	796
Q3 22	$75.8K	796
Q4 22	$73.6K	987
Q1 23	$59.7K	987
Q2 23	$68.5K	987
Q3 23	$64.8K	987
Q4 23	$63.9K	1K
Q1 24	$64.3K	1K
Q2 24	$64.8K	1K
Q3 24	$63.1K	1K
Q4 24	$69.9K	1K
Q1 25	$82.3K	1K
Q2 25	$93.9K	1K
Q3 25	$105.3K	1K
Q4 25	$118.2K	1K

Revenue / Employee