GILAT SATELLITE NETWORKS LTD
GILT · Radio & Tv Broadcasting & Communications Equipment · EDGAR filings ↗
Reference price $15.23 — last insider sale, 2026-06-11 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
C58Satellite-networking equipment maker growing strongly but on thin margins with customer concentration.
Strengths
- Strong revenue growth — +47.9% (77th)
- Profitable with positive FCF — operating margin 5.2% (78th), FCF $9.2M
- Adequate liquidity — current ratio 1.82 (45th)
Risks
- Thin margins — gross margin 29.5% (25th), net margin 4.6%
- Customer concentration — risk factors: a significant portion of 2025 revenue from a small number of customers
- Earnings dip — net income -16.6% (62nd)
Notable findings
- No interest coverageInterest coverage -2.77 (cannot cover interest)
- Customer concentration~44% of revenue from one customer/distributor — customers accounted for approximately 44% of our revenue in 2025
- Strong balance sheetStrong balance sheet — $185M cash & investments
- Insider sellingInsider selling — 5 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$1M, last 6mo) Form 4 ↗
Quarterly revenue
Last 2 quarters · from SEC filings.
Key metrics
Gross margin
29.5%
Operating margin
5.2%
Net margin
4.6%
Return on equity
4.1%
Return on assets
2.8%
Revenue growth (QoQ)
-7.4%
Net-income growth
-16.6%
Interest coverage
-2.8×
Current ratio
1.8×
Free cash flow
$9M
EBITDA
$47M
Tangible book value
$277M
Cash & investments
$185M
Stock comp / revenue
1.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-11 | Rohrstock Arieh | Sell | 18K | $15.23 |
| 2026-03-20 | Kerbel Doron | Sell | 7.5K | $18.03 |
| 2026-03-18 | Sfadia Adi | Sell | 4.0K | $16.85 |
| 2026-03-18 | Sfadia Adi | Sell | 38K | $16.85 |
| 2026-03-18 | Sfadia Adi | Sell | 7.5K | $16.85 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- PRONATEL 14% of rev
Suppliers (2)
- Bank Hapoalim B.M.
- HSBC Bank USA, N.A.
Named in the 10-K; linked when we track them.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-16 | 2025-12-31 | 0001178913-26-000929 ↗ |
| 20-F | 2025-03-27 | 2024-12-31 | 0001178913-25-001071 ↗ |
| 20-F | 2024-03-20 | 2023-12-31 | 0001178913-24-000993 ↗ |
| 20-F | 2023-03-13 | 2022-12-31 | 0001178913-23-000949 ↗ |
| 20-F | 2022-05-16 | 2021-12-31 | 0001178913-22-001988 ↗ |
| 20-F | 2021-03-08 | 2020-12-31 | 0001178913-21-000937 ↗ |
| 20-F | 2020-03-23 | 2019-12-31 | 0001178913-20-000895 ↗ |
| 20-F | 2019-03-18 | 2018-12-31 | 0001178913-19-000837 ↗ |
| 20-F | 2018-03-20 | 2017-12-31 | 0001178913-18-000901 ↗ |
| 20-F | 2017-03-29 | 2016-12-31 | 0001178913-17-000958 ↗ |
| 20-F | 2016-03-22 | 2015-12-31 | 0001178913-16-004773 ↗ |
| 20-F | 2015-04-01 | 2014-12-31 | 0001178913-15-001135 ↗ |