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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
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| Q1 26 | — | — | ||
| Q4 25 | $9.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.3% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — |
| 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
| Net Interest Income | $32.1M | 70% |
| Noninterest Income | $13.6M | 30% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |