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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.
AlTi Global, Inc. is the larger business by last-quarter revenue ($86.6M vs $72.0M, roughly 1.2× Globalstar, Inc.). AlTi Global, Inc. runs the higher net margin — -15.1% vs -16.1%, a 1.0% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs 17.6%). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs 12.9%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
Globalstar, Inc. is an American telecommunications company that operates a satellite constellation in low Earth orbit (LEO) for satellite phone, low-speed data transmission and Earth observation. The Globalstar second-generation constellation consists of 25 satellites.
ALTI vs GSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $72.0M |
| Net Profit | $-13.1M | $-11.6M |
| Gross Margin | — | — |
| Operating Margin | -2.1% | -0.5% |
| Net Margin | -15.1% | -16.1% |
| Revenue YoY | 87.0% | 17.6% |
| Net Profit YoY | 75.6% | 76.9% |
| EPS (diluted) | — | $-0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $86.6M | $72.0M | ||
| Q3 25 | $57.2M | $73.8M | ||
| Q2 25 | $53.1M | $67.1M | ||
| Q1 25 | $58.0M | $60.0M | ||
| Q4 24 | $46.3M | $61.2M | ||
| Q3 24 | $51.8M | $72.3M | ||
| Q2 24 | $49.5M | $60.4M | ||
| Q1 24 | $50.8M | $56.5M |
| Q4 25 | $-13.1M | $-11.6M | ||
| Q3 25 | $-84.1M | $1.1M | ||
| Q2 25 | $-24.4M | $19.2M | ||
| Q1 25 | $1.9M | $-17.3M | ||
| Q4 24 | $-53.8M | $-50.2M | ||
| Q3 24 | $-72.5M | $9.9M | ||
| Q2 24 | $-6.4M | $-9.7M | ||
| Q1 24 | $29.7M | $-13.2M |
| Q4 25 | -2.1% | -0.5% | ||
| Q3 25 | -49.8% | 13.8% | ||
| Q2 25 | -56.7% | 9.2% | ||
| Q1 25 | -23.3% | -14.2% | ||
| Q4 24 | -42.7% | -6.9% | ||
| Q3 24 | -18.4% | 13.0% | ||
| Q2 24 | -30.2% | -2.4% | ||
| Q1 24 | -28.9% | -8.3% |
| Q4 25 | -15.1% | -16.1% | ||
| Q3 25 | -147.0% | 1.5% | ||
| Q2 25 | -45.9% | 28.6% | ||
| Q1 25 | 3.3% | -28.9% | ||
| Q4 24 | -116.1% | -82.1% | ||
| Q3 24 | -140.0% | 13.7% | ||
| Q2 24 | -12.9% | -16.0% | ||
| Q1 24 | 58.4% | -23.4% |
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.01 | ||
| Q2 25 | $-0.33 | $0.13 | ||
| Q1 25 | $-0.04 | $-0.16 | ||
| Q4 24 | $-0.71 | $-0.57 | ||
| Q3 24 | $-0.88 | $0.00 | ||
| Q2 24 | $-0.18 | $-0.01 | ||
| Q1 24 | $0.18 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.2M | $447.5M |
| Total DebtLower is stronger | $883.0K | $483.8M |
| Stockholders' EquityBook value | $600.1M | $355.7M |
| Total Assets | $1.2B | $2.3B |
| Debt / EquityLower = less leverage | 0.00× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | $447.5M | ||
| Q3 25 | $35.8M | $346.3M | ||
| Q2 25 | $42.4M | $308.2M | ||
| Q1 25 | $52.8M | $241.4M | ||
| Q4 24 | $64.4M | $391.2M | ||
| Q3 24 | $220.6M | $51.9M | ||
| Q2 24 | $60.0M | $64.3M | ||
| Q1 24 | $134.2M | $59.3M |
| Q4 25 | $883.0K | $483.8M | ||
| Q3 25 | $586.0K | $508.6M | ||
| Q2 25 | $673.0K | $491.5M | ||
| Q1 25 | — | $502.7M | ||
| Q4 24 | $0 | $511.4M | ||
| Q3 24 | $128.4M | $394.4M | ||
| Q2 24 | $164.0M | $393.1M | ||
| Q1 24 | $183.7M | $398.7M |
| Q4 25 | $600.1M | $355.7M | ||
| Q3 25 | $607.2M | $364.8M | ||
| Q2 25 | $685.4M | $360.9M | ||
| Q1 25 | $665.2M | $344.3M | ||
| Q4 24 | $658.4M | $358.9M | ||
| Q3 24 | $707.0M | $394.1M | ||
| Q2 24 | $540.2M | $383.0M | ||
| Q1 24 | $510.9M | $377.1M |
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.2B | $2.2B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.4B | $917.6M | ||
| Q2 24 | $1.3B | $926.2M | ||
| Q1 24 | $1.3B | $917.0M |
| Q4 25 | 0.00× | 1.36× | ||
| Q3 25 | 0.00× | 1.39× | ||
| Q2 25 | 0.00× | 1.36× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | 0.00× | 1.43× | ||
| Q3 24 | 0.18× | 1.00× | ||
| Q2 24 | 0.30× | 1.03× | ||
| Q1 24 | 0.36× | 1.06× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-51.4M | $175.9M |
| Free Cash FlowOCF − Capex | $-52.2M | — |
| FCF MarginFCF / Revenue | -60.3% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-51.4M | $175.9M | ||
| Q3 25 | $-53.5M | $236.0M | ||
| Q2 25 | $-19.9M | $157.9M | ||
| Q1 25 | $-30.2M | $51.9M | ||
| Q4 24 | $-50.7M | $340.7M | ||
| Q3 24 | $-4.9M | $32.0M | ||
| Q2 24 | $-30.2M | $36.7M | ||
| Q1 24 | $-15.5M | $29.8M |
| Q4 25 | $-52.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-20.0M | — | ||
| Q1 25 | $-31.0M | — | ||
| Q4 24 | $-58.2M | — | ||
| Q3 24 | $-9.4M | — | ||
| Q2 24 | $-31.2M | — | ||
| Q1 24 | $-15.7M | — |
| Q4 25 | -60.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -37.6% | — | ||
| Q1 25 | -53.4% | — | ||
| Q4 24 | -125.7% | — | ||
| Q3 24 | -18.2% | — | ||
| Q2 24 | -63.2% | — | ||
| Q1 24 | -30.9% | — |
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 0.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 216.53× | ||
| Q2 25 | — | 8.22× | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
