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Side-by-side financial comparison of FLYEXCLUSIVE INC. (FLYX) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.
FLYEXCLUSIVE INC. is the larger business by last-quarter revenue ($92.1M vs $72.0M, roughly 1.3× Globalstar, Inc.). FLYEXCLUSIVE INC. runs the higher net margin — -4.6% vs -16.1%, a 11.5% gap on every dollar of revenue. On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs 17.6%). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% CAGR vs 12.9%).
FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.
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.
FLYX vs GSAT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $92.1M | $72.0M |
| Net Profit | $-4.3M | $-11.6M |
| Gross Margin | 13.7% | — |
| Operating Margin | -12.3% | -0.5% |
| Net Margin | -4.6% | -16.1% |
| Revenue YoY | 19.8% | 17.6% |
| Net Profit YoY | 32.0% | 76.9% |
| EPS (diluted) | $-0.25 | $-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 | — | $72.0M | ||
| Q3 25 | $92.1M | $73.8M | ||
| Q2 25 | $91.3M | $67.1M | ||
| Q1 25 | $88.1M | $60.0M | ||
| Q4 24 | — | $61.2M | ||
| Q3 24 | $76.9M | $72.3M | ||
| Q2 24 | $79.0M | $60.4M | ||
| Q1 24 | $80.0M | $56.5M |
| Q4 25 | — | $-11.6M | ||
| Q3 25 | $-4.3M | $1.1M | ||
| Q2 25 | $-4.8M | $19.2M | ||
| Q1 25 | $-5.4M | $-17.3M | ||
| Q4 24 | — | $-50.2M | ||
| Q3 24 | $-6.3M | $9.9M | ||
| Q2 24 | $-5.2M | $-9.7M | ||
| Q1 24 | $-5.8M | $-13.2M |
| Q4 25 | — | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 12.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | 7.2% | — |
| Q4 25 | — | -0.5% | ||
| Q3 25 | -12.3% | 13.8% | ||
| Q2 25 | -13.5% | 9.2% | ||
| Q1 25 | -16.7% | -14.2% | ||
| Q4 24 | — | -6.9% | ||
| Q3 24 | -27.2% | 13.0% | ||
| Q2 24 | -27.6% | -2.4% | ||
| Q1 24 | -34.3% | -8.3% |
| Q4 25 | — | -16.1% | ||
| Q3 25 | -4.6% | 1.5% | ||
| Q2 25 | -5.2% | 28.6% | ||
| Q1 25 | -6.2% | -28.9% | ||
| Q4 24 | — | -82.1% | ||
| Q3 24 | -8.2% | 13.7% | ||
| Q2 24 | -6.5% | -16.0% | ||
| Q1 24 | -7.3% | -23.4% |
| Q4 25 | — | $-0.11 | ||
| Q3 25 | $-0.25 | $-0.01 | ||
| Q2 25 | $-0.26 | $0.13 | ||
| Q1 25 | $-0.30 | $-0.16 | ||
| Q4 24 | — | $-0.57 | ||
| Q3 24 | $-0.32 | $0.00 | ||
| Q2 24 | $-0.32 | $-0.01 | ||
| Q1 24 | $-0.35 | $-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 | $18.7M | $447.5M |
| Total DebtLower is stronger | $123.9M | $483.8M |
| Stockholders' EquityBook value | $-434.2M | $355.7M |
| Total Assets | $448.1M | $2.3B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $447.5M | ||
| Q3 25 | $18.7M | $346.3M | ||
| Q2 25 | $15.8M | $308.2M | ||
| Q1 25 | $14.7M | $241.4M | ||
| Q4 24 | — | $391.2M | ||
| Q3 24 | $18.7M | $51.9M | ||
| Q2 24 | $9.3M | $64.3M | ||
| Q1 24 | $5.3M | $59.3M |
| Q4 25 | — | $483.8M | ||
| Q3 25 | $123.9M | $508.6M | ||
| Q2 25 | $111.6M | $491.5M | ||
| Q1 25 | $121.6M | $502.7M | ||
| Q4 24 | — | $511.4M | ||
| Q3 24 | $197.9M | $394.4M | ||
| Q2 24 | $206.3M | $393.1M | ||
| Q1 24 | $209.4M | $398.7M |
| Q4 25 | — | $355.7M | ||
| Q3 25 | $-434.2M | $364.8M | ||
| Q2 25 | $-261.4M | $360.9M | ||
| Q1 25 | $-281.5M | $344.3M | ||
| Q4 24 | — | $358.9M | ||
| Q3 24 | $-192.0M | $394.1M | ||
| Q2 24 | $-149.7M | $383.0M | ||
| Q1 24 | $-149.5M | $377.1M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | $448.1M | $2.2B | ||
| Q2 25 | $443.4M | $1.9B | ||
| Q1 25 | $466.8M | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $487.1M | $917.6M | ||
| Q2 24 | $494.7M | $926.2M | ||
| Q1 24 | $524.1M | $917.0M |
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-209.0K | $175.9M |
| Free Cash FlowOCF − Capex | $-11.0M | — |
| FCF MarginFCF / Revenue | -12.0% | — |
| Capex IntensityCapex / Revenue | 11.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $175.9M | ||
| Q3 25 | $-209.0K | $236.0M | ||
| Q2 25 | $363.0K | $157.9M | ||
| Q1 25 | $-10.5M | $51.9M | ||
| Q4 24 | — | $340.7M | ||
| Q3 24 | $-12.3M | $32.0M | ||
| Q2 24 | $-16.2M | $36.7M | ||
| Q1 24 | $-26.0M | $29.8M |
| Q4 25 | — | — | ||
| Q3 25 | $-11.0M | — | ||
| Q2 25 | $353.0K | — | ||
| Q1 25 | $-14.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-25.7M | — | ||
| Q2 24 | $-26.6M | — | ||
| Q1 24 | $-64.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | -12.0% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | -16.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -33.5% | — | ||
| Q2 24 | -33.7% | — | ||
| Q1 24 | -80.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | 11.7% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.5% | — | ||
| Q2 24 | 13.2% | — | ||
| Q1 24 | 48.2% | — |
| Q4 25 | — | — | ||
| 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
FLYX
Segment breakdown not available.
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
