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Side-by-side financial comparison of ARVINAS, INC. (ARVN) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.

Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $41.9M, roughly 1.7× ARVINAS, INC.). Globalstar, Inc. runs the higher net margin — -16.1% vs -83.8%, a 67.6% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -59.1%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 10.0%).

Arvinas, Inc. is a clinical-stage biotechnology company focused on developing targeted protein degradation therapies, including PROTAC molecules, to treat cancer and rare diseases. It operates primarily in the U.S. and global biopharma markets, advancing multiple pipeline candidates through clinical trials to address unmet medical needs.

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.

ARVN vs GSAT — Head-to-Head

Bigger by revenue
GSAT
GSAT
1.7× larger
GSAT
$72.0M
$41.9M
ARVN
Growing faster (revenue YoY)
GSAT
GSAT
+76.7% gap
GSAT
17.6%
-59.1%
ARVN
Higher net margin
GSAT
GSAT
67.6% more per $
GSAT
-16.1%
-83.8%
ARVN
Faster 2-yr revenue CAGR
GSAT
GSAT
Annualised
GSAT
12.9%
10.0%
ARVN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ARVN
ARVN
GSAT
GSAT
Revenue
$41.9M
$72.0M
Net Profit
$-35.1M
$-11.6M
Gross Margin
Operating Margin
-104.5%
-0.5%
Net Margin
-83.8%
-16.1%
Revenue YoY
-59.1%
17.6%
Net Profit YoY
28.7%
76.9%
EPS (diluted)
$-0.48
$-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.

Revenue
ARVN
ARVN
GSAT
GSAT
Q4 25
$72.0M
Q3 25
$41.9M
$73.8M
Q2 25
$67.1M
Q1 25
$188.8M
$60.0M
Q4 24
$59.2M
$61.2M
Q3 24
$102.4M
$72.3M
Q2 24
$76.5M
$60.4M
Q1 24
$25.3M
$56.5M
Net Profit
ARVN
ARVN
GSAT
GSAT
Q4 25
$-11.6M
Q3 25
$-35.1M
$1.1M
Q2 25
$19.2M
Q1 25
$82.9M
$-17.3M
Q4 24
$-45.1M
$-50.2M
Q3 24
$-49.2M
$9.9M
Q2 24
$-35.2M
$-9.7M
Q1 24
$-69.4M
$-13.2M
Operating Margin
ARVN
ARVN
GSAT
GSAT
Q4 25
-0.5%
Q3 25
-104.5%
13.8%
Q2 25
9.2%
Q1 25
37.8%
-14.2%
Q4 24
-98.1%
-6.9%
Q3 24
-58.9%
13.0%
Q2 24
-63.4%
-2.4%
Q1 24
-329.2%
-8.3%
Net Margin
ARVN
ARVN
GSAT
GSAT
Q4 25
-16.1%
Q3 25
-83.8%
1.5%
Q2 25
28.6%
Q1 25
43.9%
-28.9%
Q4 24
-76.2%
-82.1%
Q3 24
-48.0%
13.7%
Q2 24
-46.0%
-16.0%
Q1 24
-274.3%
-23.4%
EPS (diluted)
ARVN
ARVN
GSAT
GSAT
Q4 25
$-0.11
Q3 25
$-0.48
$-0.01
Q2 25
$0.13
Q1 25
$1.14
$-0.16
Q4 24
$-0.63
$-0.57
Q3 24
$-0.68
$0.00
Q2 24
$-0.49
$-0.01
Q1 24
$-0.97
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARVN
ARVN
GSAT
GSAT
Cash + ST InvestmentsLiquidity on hand
$787.6M
$447.5M
Total DebtLower is stronger
$600.0K
$483.8M
Stockholders' EquityBook value
$564.4M
$355.7M
Total Assets
$844.3M
$2.3B
Debt / EquityLower = less leverage
0.00×
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARVN
ARVN
GSAT
GSAT
Q4 25
$447.5M
Q3 25
$787.6M
$346.3M
Q2 25
$308.2M
Q1 25
$954.3M
$241.4M
Q4 24
$1.0B
$391.2M
Q3 24
$1.1B
$51.9M
Q2 24
$1.2B
$64.3M
Q1 24
$1.2B
$59.3M
Total Debt
ARVN
ARVN
GSAT
GSAT
Q4 25
$483.8M
Q3 25
$600.0K
$508.6M
Q2 25
$491.5M
Q1 25
$700.0K
$502.7M
Q4 24
$800.0K
$511.4M
Q3 24
$800.0K
$394.4M
Q2 24
$900.0K
$393.1M
Q1 24
$900.0K
$398.7M
Stockholders' Equity
ARVN
ARVN
GSAT
GSAT
Q4 25
$355.7M
Q3 25
$564.4M
$364.8M
Q2 25
$360.9M
Q1 25
$660.1M
$344.3M
Q4 24
$561.7M
$358.9M
Q3 24
$586.0M
$394.1M
Q2 24
$600.2M
$383.0M
Q1 24
$609.7M
$377.1M
Total Assets
ARVN
ARVN
GSAT
GSAT
Q4 25
$2.3B
Q3 25
$844.3M
$2.2B
Q2 25
$1.9B
Q1 25
$1.0B
$1.7B
Q4 24
$1.1B
$1.7B
Q3 24
$1.2B
$917.6M
Q2 24
$1.3B
$926.2M
Q1 24
$1.2B
$917.0M
Debt / Equity
ARVN
ARVN
GSAT
GSAT
Q4 25
1.36×
Q3 25
0.00×
1.39×
Q2 25
1.36×
Q1 25
0.00×
1.46×
Q4 24
0.00×
1.43×
Q3 24
0.00×
1.00×
Q2 24
0.00×
1.03×
Q1 24
0.00×
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
ARVN
ARVN
GSAT
GSAT
Operating Cash FlowLast quarter
$-59.1M
$175.9M
Free Cash FlowOCF − Capex
$-59.2M
FCF MarginFCF / Revenue
-141.3%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-361.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARVN
ARVN
GSAT
GSAT
Q4 25
$175.9M
Q3 25
$-59.1M
$236.0M
Q2 25
$157.9M
Q1 25
$-88.9M
$51.9M
Q4 24
$-84.1M
$340.7M
Q3 24
$-128.0M
$32.0M
Q2 24
$50.3M
$36.7M
Q1 24
$-97.5M
$29.8M
Free Cash Flow
ARVN
ARVN
GSAT
GSAT
Q4 25
Q3 25
$-59.2M
Q2 25
Q1 25
$-89.3M
Q4 24
$-84.4M
Q3 24
$-128.7M
Q2 24
$49.6M
Q1 24
$-97.6M
FCF Margin
ARVN
ARVN
GSAT
GSAT
Q4 25
Q3 25
-141.3%
Q2 25
Q1 25
-47.3%
Q4 24
-142.6%
Q3 24
-125.7%
Q2 24
64.8%
Q1 24
-385.8%
Capex Intensity
ARVN
ARVN
GSAT
GSAT
Q4 25
Q3 25
0.2%
Q2 25
Q1 25
0.2%
Q4 24
0.5%
Q3 24
0.7%
Q2 24
0.9%
Q1 24
0.4%
Cash Conversion
ARVN
ARVN
GSAT
GSAT
Q4 25
Q3 25
216.53×
Q2 25
8.22×
Q1 25
-1.07×
Q4 24
Q3 24
3.23×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARVN
ARVN

Segment breakdown not available.

GSAT
GSAT

Services$67.4M94%
Products$4.6M6%

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