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Side-by-side financial comparison of CODEXIS, INC. (CDXS) 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 $38.9M, roughly 1.8× CODEXIS, INC.). CODEXIS, INC. runs the higher net margin — 24.7% vs -16.1%, a 40.8% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 17.6%). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 12.9%).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
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.
CDXS vs GSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $72.0M |
| Net Profit | $9.6M | $-11.6M |
| Gross Margin | 94.8% | — |
| Operating Margin | 27.1% | -0.5% |
| Net Margin | 24.7% | -16.1% |
| Revenue YoY | 81.3% | 17.6% |
| Net Profit YoY | 192.5% | 76.9% |
| EPS (diluted) | $0.13 | $-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 | $38.9M | $72.0M | ||
| Q3 25 | $8.6M | $73.8M | ||
| Q2 25 | $15.3M | $67.1M | ||
| Q1 25 | $7.5M | $60.0M | ||
| Q4 24 | $21.5M | $61.2M | ||
| Q3 24 | $12.8M | $72.3M | ||
| Q2 24 | $8.0M | $60.4M | ||
| Q1 24 | $17.1M | $56.5M |
| Q4 25 | $9.6M | $-11.6M | ||
| Q3 25 | $-19.6M | $1.1M | ||
| Q2 25 | $-13.3M | $19.2M | ||
| Q1 25 | $-20.7M | $-17.3M | ||
| Q4 24 | $-10.4M | $-50.2M | ||
| Q3 24 | $-20.6M | $9.9M | ||
| Q2 24 | $-22.8M | $-9.7M | ||
| Q1 24 | $-11.5M | $-13.2M |
| Q4 25 | 94.8% | — | ||
| Q3 25 | 71.3% | — | ||
| Q2 25 | 86.3% | — | ||
| Q1 25 | 63.8% | — | ||
| Q4 24 | 83.0% | — | ||
| Q3 24 | 66.4% | — | ||
| Q2 24 | 56.6% | — | ||
| Q1 24 | 71.6% | — |
| Q4 25 | 27.1% | -0.5% | ||
| Q3 25 | -220.3% | 13.8% | ||
| Q2 25 | -83.9% | 9.2% | ||
| Q1 25 | -271.6% | -14.2% | ||
| Q4 24 | -34.2% | -6.9% | ||
| Q3 24 | -129.0% | 13.0% | ||
| Q2 24 | -284.9% | -2.4% | ||
| Q1 24 | -69.6% | -8.3% |
| Q4 25 | 24.7% | -16.1% | ||
| Q3 25 | -228.1% | 1.5% | ||
| Q2 25 | -86.6% | 28.6% | ||
| Q1 25 | -274.3% | -28.9% | ||
| Q4 24 | -48.4% | -82.1% | ||
| Q3 24 | -160.8% | 13.7% | ||
| Q2 24 | -285.2% | -16.0% | ||
| Q1 24 | -67.4% | -23.4% |
| Q4 25 | $0.13 | $-0.11 | ||
| Q3 25 | $-0.22 | $-0.01 | ||
| Q2 25 | $-0.16 | $0.13 | ||
| Q1 25 | $-0.25 | $-0.16 | ||
| Q4 24 | $-0.12 | $-0.57 | ||
| Q3 24 | $-0.29 | $0.00 | ||
| Q2 24 | $-0.32 | $-0.01 | ||
| Q1 24 | $-0.16 | $-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 | $78.2M | $447.5M |
| Total DebtLower is stronger | $40.1M | $483.8M |
| Stockholders' EquityBook value | $50.5M | $355.7M |
| Total Assets | $147.8M | $2.3B |
| Debt / EquityLower = less leverage | 0.79× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.2M | $447.5M | ||
| Q3 25 | $58.7M | $346.3M | ||
| Q2 25 | $66.3M | $308.2M | ||
| Q1 25 | $59.8M | $241.4M | ||
| Q4 24 | $73.5M | $391.2M | ||
| Q3 24 | $90.3M | $51.9M | ||
| Q2 24 | $73.2M | $64.3M | ||
| Q1 24 | $85.5M | $59.3M |
| Q4 25 | $40.1M | $483.8M | ||
| Q3 25 | $39.7M | $508.6M | ||
| Q2 25 | $39.4M | $491.5M | ||
| Q1 25 | $29.2M | $502.7M | ||
| Q4 24 | $28.9M | $511.4M | ||
| Q3 24 | $28.6M | $394.4M | ||
| Q2 24 | $28.4M | $393.1M | ||
| Q1 24 | $28.1M | $398.7M |
| Q4 25 | $50.5M | $355.7M | ||
| Q3 25 | $38.5M | $364.8M | ||
| Q2 25 | $55.6M | $360.9M | ||
| Q1 25 | $49.6M | $344.3M | ||
| Q4 24 | $66.9M | $358.9M | ||
| Q3 24 | $73.4M | $394.1M | ||
| Q2 24 | $61.4M | $383.0M | ||
| Q1 24 | $79.3M | $377.1M |
| Q4 25 | $147.8M | $2.3B | ||
| Q3 25 | $124.0M | $2.2B | ||
| Q2 25 | $138.2M | $1.9B | ||
| Q1 25 | $128.9M | $1.7B | ||
| Q4 24 | $149.0M | $1.7B | ||
| Q3 24 | $148.2M | $917.6M | ||
| Q2 24 | $132.0M | $926.2M | ||
| Q1 24 | $149.6M | $917.0M |
| Q4 25 | 0.79× | 1.36× | ||
| Q3 25 | 1.03× | 1.39× | ||
| Q2 25 | 0.71× | 1.36× | ||
| Q1 25 | 0.59× | 1.46× | ||
| Q4 24 | 0.43× | 1.43× | ||
| Q3 24 | 0.39× | 1.00× | ||
| Q2 24 | 0.46× | 1.03× | ||
| Q1 24 | 0.35× | 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 | $20.1M | $175.9M |
| Free Cash FlowOCF − Capex | $19.6M | — |
| FCF MarginFCF / Revenue | 50.3% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 2.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.1M | $175.9M | ||
| Q3 25 | $-7.7M | $236.0M | ||
| Q2 25 | $-18.0M | $157.9M | ||
| Q1 25 | $-13.8M | $51.9M | ||
| Q4 24 | $-16.5M | $340.7M | ||
| Q3 24 | $-13.0M | $32.0M | ||
| Q2 24 | $-12.2M | $36.7M | ||
| Q1 24 | $-7.8M | $29.8M |
| Q4 25 | $19.6M | — | ||
| Q3 25 | $-7.9M | — | ||
| Q2 25 | $-20.5M | — | ||
| Q1 25 | $-15.1M | — | ||
| Q4 24 | $-18.2M | — | ||
| Q3 24 | $-14.0M | — | ||
| Q2 24 | $-12.6M | — | ||
| Q1 24 | $-8.9M | — |
| Q4 25 | 50.3% | — | ||
| Q3 25 | -91.7% | — | ||
| Q2 25 | -133.6% | — | ||
| Q1 25 | -199.6% | — | ||
| Q4 24 | -85.0% | — | ||
| Q3 24 | -109.0% | — | ||
| Q2 24 | -157.5% | — | ||
| Q1 24 | -52.2% | — |
| Q4 25 | 1.3% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | 16.7% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | 6.6% | — |
| Q4 25 | 2.09× | — | ||
| Q3 25 | — | 216.53× | ||
| Q2 25 | — | 8.22× | ||
| Q1 25 | — | — | ||
| 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
CDXS
Segment breakdown not available.
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
