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Side-by-side financial comparison of Primis Financial Corp. (FRST) 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 $45.6M, roughly 1.6× Primis Financial Corp.). Primis Financial Corp. runs the higher net margin — 16.0% vs -16.1%, a 32.2% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% CAGR vs 12.9%).

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.

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.

FRST vs GSAT — Head-to-Head

Bigger by revenue
GSAT
GSAT
1.6× larger
GSAT
$72.0M
$45.6M
FRST
Higher net margin
FRST
FRST
32.2% more per $
FRST
16.0%
-16.1%
GSAT
Faster 2-yr revenue CAGR
FRST
FRST
Annualised
FRST
13.0%
12.9%
GSAT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRST
FRST
GSAT
GSAT
Revenue
$45.6M
$72.0M
Net Profit
$7.3M
$-11.6M
Gross Margin
Operating Margin
-0.5%
Net Margin
16.0%
-16.1%
Revenue YoY
17.6%
Net Profit YoY
200.0%
76.9%
EPS (diluted)
$0.30
$-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
FRST
FRST
GSAT
GSAT
Q1 26
$45.6M
Q4 25
$80.9M
$72.0M
Q3 25
$41.0M
$73.8M
Q2 25
$43.2M
$67.1M
Q1 25
$58.7M
$60.0M
Q4 24
$38.8M
$61.2M
Q3 24
$37.3M
$72.3M
Q2 24
$35.7M
$60.4M
Net Profit
FRST
FRST
GSAT
GSAT
Q1 26
$7.3M
Q4 25
$29.5M
$-11.6M
Q3 25
$6.8M
$1.1M
Q2 25
$2.4M
$19.2M
Q1 25
$22.6M
$-17.3M
Q4 24
$-26.2M
$-50.2M
Q3 24
$1.2M
$9.9M
Q2 24
$3.4M
$-9.7M
Operating Margin
FRST
FRST
GSAT
GSAT
Q1 26
Q4 25
44.8%
-0.5%
Q3 25
21.3%
13.8%
Q2 25
6.9%
9.2%
Q1 25
41.9%
-14.2%
Q4 24
-123.0%
-6.9%
Q3 24
-3.1%
13.0%
Q2 24
7.8%
-2.4%
Net Margin
FRST
FRST
GSAT
GSAT
Q1 26
16.0%
Q4 25
36.5%
-16.1%
Q3 25
16.7%
1.5%
Q2 25
5.6%
28.6%
Q1 25
38.6%
-28.9%
Q4 24
-100.3%
-82.1%
Q3 24
3.3%
13.7%
Q2 24
9.6%
-16.0%
EPS (diluted)
FRST
FRST
GSAT
GSAT
Q1 26
$0.30
Q4 25
$1.19
$-0.11
Q3 25
$0.28
$-0.01
Q2 25
$0.10
$0.13
Q1 25
$0.92
$-0.16
Q4 24
$-0.95
$-0.57
Q3 24
$0.05
$0.00
Q2 24
$0.14
$-0.01

Balance Sheet & Financial Strength

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

Metric
FRST
FRST
GSAT
GSAT
Cash + ST InvestmentsLiquidity on hand
$159.9M
$447.5M
Total DebtLower is stronger
$483.8M
Stockholders' EquityBook value
$427.2M
$355.7M
Total Assets
$4.3B
$2.3B
Debt / EquityLower = less leverage
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRST
FRST
GSAT
GSAT
Q1 26
$159.9M
Q4 25
$143.6M
$447.5M
Q3 25
$63.9M
$346.3M
Q2 25
$94.1M
$308.2M
Q1 25
$57.0M
$241.4M
Q4 24
$64.5M
$391.2M
Q3 24
$77.3M
$51.9M
Q2 24
$66.6M
$64.3M
Total Debt
FRST
FRST
GSAT
GSAT
Q1 26
Q4 25
$483.8M
Q3 25
$508.6M
Q2 25
$491.5M
Q1 25
$502.7M
Q4 24
$511.4M
Q3 24
$394.4M
Q2 24
$393.1M
Stockholders' Equity
FRST
FRST
GSAT
GSAT
Q1 26
$427.2M
Q4 25
$422.9M
$355.7M
Q3 25
$382.2M
$364.8M
Q2 25
$376.4M
$360.9M
Q1 25
$375.6M
$344.3M
Q4 24
$351.8M
$358.9M
Q3 24
$381.0M
$394.1M
Q2 24
$376.0M
$383.0M
Total Assets
FRST
FRST
GSAT
GSAT
Q1 26
$4.3B
Q4 25
$4.0B
$2.3B
Q3 25
$4.0B
$2.2B
Q2 25
$3.9B
$1.9B
Q1 25
$3.7B
$1.7B
Q4 24
$3.7B
$1.7B
Q3 24
$4.0B
$917.6M
Q2 24
$4.0B
$926.2M
Debt / Equity
FRST
FRST
GSAT
GSAT
Q1 26
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FRST
FRST
GSAT
GSAT
Operating Cash FlowLast quarter
$175.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRST
FRST
GSAT
GSAT
Q1 26
Q4 25
$10.8M
$175.9M
Q3 25
$-11.4M
$236.0M
Q2 25
$-41.0M
$157.9M
Q1 25
$34.4M
$51.9M
Q4 24
$19.5M
$340.7M
Q3 24
$6.1M
$32.0M
Q2 24
$52.3M
$36.7M
Free Cash Flow
FRST
FRST
GSAT
GSAT
Q1 26
Q4 25
$9.0M
Q3 25
Q2 25
Q1 25
Q4 24
$18.3M
Q3 24
Q2 24
FCF Margin
FRST
FRST
GSAT
GSAT
Q1 26
Q4 25
11.2%
Q3 25
Q2 25
Q1 25
Q4 24
47.3%
Q3 24
Q2 24
Capex Intensity
FRST
FRST
GSAT
GSAT
Q1 26
Q4 25
2.1%
Q3 25
Q2 25
Q1 25
Q4 24
3.1%
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
FRST
FRST
GSAT
GSAT
Q1 26
Q4 25
0.36×
Q3 25
-1.67×
216.53×
Q2 25
-16.82×
8.22×
Q1 25
1.52×
Q4 24
Q3 24
4.93×
3.23×
Q2 24
15.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

GSAT
GSAT

Services$67.4M94%
Products$4.6M6%

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