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Side-by-side financial comparison of Evolv Technologies Holdings, Inc. (EVLV) 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 $38.5M, roughly 1.9× Evolv Technologies Holdings, Inc.). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs -16.1%, a 44.4% gap on every dollar of revenue. On growth, Evolv Technologies Holdings, Inc. posted the faster year-over-year revenue change (32.3% vs 17.6%). Over the past eight quarters, Evolv Technologies Holdings, Inc.'s revenue compounded faster (31.8% CAGR vs 12.9%).

Sentient Technologies was an American artificial intelligence technology company based in San Francisco. Sentient was founded in 2007 and received over $143 million in funding at different points after its inception. As of 2016, Sentient was the world's most well-funded AI company. It focused on e-commerce, online content and trading.

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.

EVLV vs GSAT — Head-to-Head

Bigger by revenue
GSAT
GSAT
1.9× larger
GSAT
$72.0M
$38.5M
EVLV
Growing faster (revenue YoY)
EVLV
EVLV
+14.7% gap
EVLV
32.3%
17.6%
GSAT
Higher net margin
EVLV
EVLV
44.4% more per $
EVLV
28.3%
-16.1%
GSAT
Faster 2-yr revenue CAGR
EVLV
EVLV
Annualised
EVLV
31.8%
12.9%
GSAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EVLV
EVLV
GSAT
GSAT
Revenue
$38.5M
$72.0M
Net Profit
$10.9M
$-11.6M
Gross Margin
48.4%
Operating Margin
-20.7%
-0.5%
Net Margin
28.3%
-16.1%
Revenue YoY
32.3%
17.6%
Net Profit YoY
169.2%
76.9%
EPS (diluted)
$0.07
$-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
EVLV
EVLV
GSAT
GSAT
Q4 25
$38.5M
$72.0M
Q3 25
$42.9M
$73.8M
Q2 25
$32.5M
$67.1M
Q1 25
$32.0M
$60.0M
Q4 24
$29.1M
$61.2M
Q3 24
$27.4M
$72.3M
Q2 24
$25.2M
$60.4M
Q1 24
$22.2M
$56.5M
Net Profit
EVLV
EVLV
GSAT
GSAT
Q4 25
$10.9M
$-11.6M
Q3 25
$-1.8M
$1.1M
Q2 25
$-40.5M
$19.2M
Q1 25
$-1.7M
$-17.3M
Q4 24
$-15.7M
$-50.2M
Q3 24
$-30.4M
$9.9M
Q2 24
$3.4M
$-9.7M
Q1 24
$-11.3M
$-13.2M
Gross Margin
EVLV
EVLV
GSAT
GSAT
Q4 25
48.4%
Q3 25
49.7%
Q2 25
49.8%
Q1 25
59.8%
Q4 24
57.5%
Q3 24
57.8%
Q2 24
58.5%
Q1 24
54.8%
Operating Margin
EVLV
EVLV
GSAT
GSAT
Q4 25
-20.7%
-0.5%
Q3 25
-20.1%
13.8%
Q2 25
-53.8%
9.2%
Q1 25
-45.0%
-14.2%
Q4 24
-64.9%
-6.9%
Q3 24
-70.0%
13.0%
Q2 24
-88.7%
-2.4%
Q1 24
-98.8%
-8.3%
Net Margin
EVLV
EVLV
GSAT
GSAT
Q4 25
28.3%
-16.1%
Q3 25
-4.2%
1.5%
Q2 25
-124.6%
28.6%
Q1 25
-5.3%
-28.9%
Q4 24
-54.0%
-82.1%
Q3 24
-111.3%
13.7%
Q2 24
13.6%
-16.0%
Q1 24
-50.8%
-23.4%
EPS (diluted)
EVLV
EVLV
GSAT
GSAT
Q4 25
$0.07
$-0.11
Q3 25
$-0.01
$-0.01
Q2 25
$-0.25
$0.13
Q1 25
$-0.01
$-0.16
Q4 24
$-0.10
$-0.57
Q3 24
$-0.19
$0.00
Q2 24
$0.02
$-0.01
Q1 24
$-0.07
$-0.01

Balance Sheet & Financial Strength

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

Metric
EVLV
EVLV
GSAT
GSAT
Cash + ST InvestmentsLiquidity on hand
$49.1M
$447.5M
Total DebtLower is stronger
$28.6M
$483.8M
Stockholders' EquityBook value
$119.4M
$355.7M
Total Assets
$304.4M
$2.3B
Debt / EquityLower = less leverage
0.24×
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVLV
EVLV
GSAT
GSAT
Q4 25
$49.1M
$447.5M
Q3 25
$56.2M
$346.3M
Q2 25
$36.9M
$308.2M
Q1 25
$35.0M
$241.4M
Q4 24
$51.9M
$391.2M
Q3 24
$56.0M
$51.9M
Q2 24
$56.5M
$64.3M
Q1 24
$81.0M
$59.3M
Total Debt
EVLV
EVLV
GSAT
GSAT
Q4 25
$28.6M
$483.8M
Q3 25
$28.5M
$508.6M
Q2 25
$491.5M
Q1 25
$502.7M
Q4 24
$0
$511.4M
Q3 24
$394.4M
Q2 24
$393.1M
Q1 24
$398.7M
Stockholders' Equity
EVLV
EVLV
GSAT
GSAT
Q4 25
$119.4M
$355.7M
Q3 25
$102.2M
$364.8M
Q2 25
$92.7M
$360.9M
Q1 25
$121.1M
$344.3M
Q4 24
$117.7M
$358.9M
Q3 24
$129.0M
$394.1M
Q2 24
$151.2M
$383.0M
Q1 24
$139.8M
$377.1M
Total Assets
EVLV
EVLV
GSAT
GSAT
Q4 25
$304.4M
$2.3B
Q3 25
$304.3M
$2.2B
Q2 25
$280.4M
$1.9B
Q1 25
$256.0M
$1.7B
Q4 24
$268.1M
$1.7B
Q3 24
$278.5M
$917.6M
Q2 24
$269.1M
$926.2M
Q1 24
$280.0M
$917.0M
Debt / Equity
EVLV
EVLV
GSAT
GSAT
Q4 25
0.24×
1.36×
Q3 25
0.28×
1.39×
Q2 25
1.36×
Q1 25
1.46×
Q4 24
0.00×
1.43×
Q3 24
1.00×
Q2 24
1.03×
Q1 24
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
EVLV
EVLV
GSAT
GSAT
Operating Cash FlowLast quarter
$15.6M
$175.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.43×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVLV
EVLV
GSAT
GSAT
Q4 25
$15.6M
$175.9M
Q3 25
$3.5M
$236.0M
Q2 25
$2.1M
$157.9M
Q1 25
$-2.5M
$51.9M
Q4 24
$3.2M
$340.7M
Q3 24
$3.7M
$32.0M
Q2 24
$-21.6M
$36.7M
Q1 24
$-16.2M
$29.8M
Cash Conversion
EVLV
EVLV
GSAT
GSAT
Q4 25
1.43×
Q3 25
216.53×
Q2 25
8.22×
Q1 25
Q4 24
Q3 24
3.23×
Q2 24
-6.31×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

EVLV
EVLV

Segment breakdown not available.

GSAT
GSAT

Services$67.4M94%
Products$4.6M6%

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