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Side-by-side financial comparison of Gogo Inc. (GOGO) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $72.0M, roughly 3.2× Globalstar, Inc.). Gogo Inc. runs the higher net margin — -4.3% vs -16.1%, a 11.8% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 17.6%). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 12.9%).
Gogo Inc. is an American provider of in-flight broadband Internet service and other connectivity services for business aircraft, headquartered in Broomfield, Colorado. Through its Gogo LLC subsidiary, Gogo previously provided in-flight WiFi to 17 airlines until the Commercial Air business was sold to Intelsat for $400 million in December 2020. According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is the de...
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.
GOGO vs GSAT — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $230.6M | $72.0M |
| Net Profit | $-10.0M | $-11.6M |
| Gross Margin | — | — |
| Operating Margin | 6.2% | -0.5% |
| Net Margin | -4.3% | -16.1% |
| Revenue YoY | 67.3% | 17.6% |
| Net Profit YoY | 64.6% | 76.9% |
| EPS (diluted) | $-0.08 | $-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 | $230.6M | $72.0M | ||
| Q3 25 | $223.6M | $73.8M | ||
| Q2 25 | $226.0M | $67.1M | ||
| Q1 25 | $230.3M | $60.0M | ||
| Q4 24 | $137.8M | $61.2M | ||
| Q3 24 | $100.5M | $72.3M | ||
| Q2 24 | $102.1M | $60.4M | ||
| Q1 24 | $104.3M | $56.5M |
| Q4 25 | $-10.0M | $-11.6M | ||
| Q3 25 | $-1.9M | $1.1M | ||
| Q2 25 | $12.8M | $19.2M | ||
| Q1 25 | $12.0M | $-17.3M | ||
| Q4 24 | $-28.2M | $-50.2M | ||
| Q3 24 | $10.6M | $9.9M | ||
| Q2 24 | $839.0K | $-9.7M | ||
| Q1 24 | $30.5M | $-13.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 87.8% | — | ||
| Q1 25 | 87.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 6.2% | -0.5% | ||
| Q3 25 | 12.9% | 13.8% | ||
| Q2 25 | 15.9% | 9.2% | ||
| Q1 25 | 15.3% | -14.2% | ||
| Q4 24 | -17.5% | -6.9% | ||
| Q3 24 | 19.0% | 13.0% | ||
| Q2 24 | 21.2% | -2.4% | ||
| Q1 24 | 33.2% | -8.3% |
| Q4 25 | -4.3% | -16.1% | ||
| Q3 25 | -0.9% | 1.5% | ||
| Q2 25 | 5.7% | 28.6% | ||
| Q1 25 | 5.2% | -28.9% | ||
| Q4 24 | -20.5% | -82.1% | ||
| Q3 24 | 10.6% | 13.7% | ||
| Q2 24 | 0.8% | -16.0% | ||
| Q1 24 | 29.2% | -23.4% |
| Q4 25 | $-0.08 | $-0.11 | ||
| Q3 25 | $-0.01 | $-0.01 | ||
| Q2 25 | $0.09 | $0.13 | ||
| Q1 25 | $0.09 | $-0.16 | ||
| Q4 24 | $-0.22 | $-0.57 | ||
| Q3 24 | $0.08 | $0.00 | ||
| Q2 24 | $0.01 | $-0.01 | ||
| Q1 24 | $0.23 | $-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 | $125.2M | $447.5M |
| Total DebtLower is stronger | — | $483.8M |
| Stockholders' EquityBook value | $101.1M | $355.7M |
| Total Assets | $1.3B | $2.3B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.2M | $447.5M | ||
| Q3 25 | $133.6M | $346.3M | ||
| Q2 25 | $102.1M | $308.2M | ||
| Q1 25 | $70.3M | $241.4M | ||
| Q4 24 | $41.8M | $391.2M | ||
| Q3 24 | $176.7M | $51.9M | ||
| Q2 24 | $161.6M | $64.3M | ||
| Q1 24 | $152.8M | $59.3M |
| 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 24 | — | $398.7M |
| Q4 25 | $101.1M | $355.7M | ||
| Q3 25 | $107.0M | $364.8M | ||
| Q2 25 | $102.8M | $360.9M | ||
| Q1 25 | $82.9M | $344.3M | ||
| Q4 24 | $69.3M | $358.9M | ||
| Q3 24 | $52.7M | $394.1M | ||
| Q2 24 | $52.0M | $383.0M | ||
| Q1 24 | $62.4M | $377.1M |
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $810.7M | $917.6M | ||
| Q2 24 | $802.7M | $926.2M | ||
| Q1 24 | $809.0M | $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 | $8.5M | $175.9M |
| Free Cash FlowOCF − Capex | $-25.4M | — |
| FCF MarginFCF / Revenue | -11.0% | — |
| Capex IntensityCapex / Revenue | 14.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $175.9M | ||
| Q3 25 | $46.8M | $236.0M | ||
| Q2 25 | $36.7M | $157.9M | ||
| Q1 25 | $32.5M | $51.9M | ||
| Q4 24 | $-38.3M | $340.7M | ||
| Q3 24 | $25.1M | $32.0M | ||
| Q2 24 | $24.9M | $36.7M | ||
| Q1 24 | $29.7M | $29.8M |
| Q4 25 | $-25.4M | — | ||
| Q3 25 | $27.3M | — | ||
| Q2 25 | $33.5M | — | ||
| Q1 25 | $29.7M | — | ||
| Q4 24 | $-42.6M | — | ||
| Q3 24 | $20.7M | — | ||
| Q2 24 | $21.6M | — | ||
| Q1 24 | $28.2M | — |
| Q4 25 | -11.0% | — | ||
| Q3 25 | 12.2% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 12.9% | — | ||
| Q4 24 | -30.9% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 21.1% | — | ||
| Q1 24 | 27.0% | — |
| Q4 25 | 14.7% | — | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | 1.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 216.53× | ||
| Q2 25 | 2.87× | 8.22× | ||
| Q1 25 | 2.70× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.36× | 3.23× | ||
| Q2 24 | 29.74× | — | ||
| Q1 24 | 0.97× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
