vs
Side-by-side financial comparison of GRAIL, Inc. (GRAL) 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 $43.6M, roughly 1.7× GRAIL, Inc.). Globalstar, Inc. runs the higher net margin — -16.1% vs -227.5%, a 211.3% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 14.0%). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs 12.9%).
GRAIL, Inc. is an American biotechnology company based in Menlo Park, California founded in 2015 seeking to develop an early cancer screening test for people who do not have symptoms. As a startup it was a subsidiary of Illumina, which bought it outright in 2021.
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.
GRAL vs GSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $72.0M |
| Net Profit | $-99.2M | $-11.6M |
| Gross Margin | — | — |
| Operating Margin | -285.4% | -0.5% |
| Net Margin | -227.5% | -16.1% |
| Revenue YoY | 14.0% | 17.6% |
| Net Profit YoY | -2.2% | 76.9% |
| EPS (diluted) | $-2.37 | $-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 | $43.6M | $72.0M | ||
| Q3 25 | $36.2M | $73.8M | ||
| Q2 25 | $35.5M | $67.1M | ||
| Q1 25 | $31.8M | $60.0M | ||
| Q4 24 | $38.3M | $61.2M | ||
| Q3 24 | $28.7M | $72.3M | ||
| Q2 24 | $32.0M | $60.4M | ||
| Q1 24 | $26.7M | $56.5M |
| Q4 25 | $-99.2M | $-11.6M | ||
| Q3 25 | $-89.0M | $1.1M | ||
| Q2 25 | $-114.0M | $19.2M | ||
| Q1 25 | $-106.2M | $-17.3M | ||
| Q4 24 | $-97.1M | $-50.2M | ||
| Q3 24 | $-125.7M | $9.9M | ||
| Q2 24 | $-1.6B | $-9.7M | ||
| Q1 24 | $-218.9M | $-13.2M |
| Q4 25 | -285.4% | -0.5% | ||
| Q3 25 | -346.2% | 13.8% | ||
| Q2 25 | -446.9% | 9.2% | ||
| Q1 25 | -482.5% | -14.2% | ||
| Q4 24 | -358.0% | -6.9% | ||
| Q3 24 | -640.5% | 13.0% | ||
| Q2 24 | -5133.8% | -2.4% | ||
| Q1 24 | -851.1% | -8.3% |
| Q4 25 | -227.5% | -16.1% | ||
| Q3 25 | -245.8% | 1.5% | ||
| Q2 25 | -320.7% | 28.6% | ||
| Q1 25 | -333.6% | -28.9% | ||
| Q4 24 | -253.8% | -82.1% | ||
| Q3 24 | -438.7% | 13.7% | ||
| Q2 24 | -4958.8% | -16.0% | ||
| Q1 24 | -819.3% | -23.4% |
| Q4 25 | $-2.37 | $-0.11 | ||
| Q3 25 | $-2.46 | $-0.01 | ||
| Q2 25 | $-3.18 | $0.13 | ||
| Q1 25 | $-3.10 | $-0.16 | ||
| Q4 24 | $-1.49 | $-0.57 | ||
| Q3 24 | $-3.94 | $0.00 | ||
| Q2 24 | $-51.06 | $-0.01 | ||
| Q1 24 | $-7.05 | $-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 | $249.7M | $447.5M |
| Total DebtLower is stronger | — | $483.8M |
| Stockholders' EquityBook value | $2.6B | $355.7M |
| Total Assets | $2.9B | $2.3B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | $447.5M | ||
| Q3 25 | $126.9M | $346.3M | ||
| Q2 25 | $127.4M | $308.2M | ||
| Q1 25 | $133.9M | $241.4M | ||
| Q4 24 | $214.2M | $391.2M | ||
| Q3 24 | $853.6M | $51.9M | ||
| Q2 24 | $958.8M | $64.3M | ||
| Q1 24 | $199.7M | $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 | $2.6B | $355.7M | ||
| Q3 25 | $2.2B | $364.8M | ||
| Q2 25 | $2.3B | $360.9M | ||
| Q1 25 | $2.4B | $344.3M | ||
| Q4 24 | $2.5B | $358.9M | ||
| Q3 24 | $2.6B | $394.1M | ||
| Q2 24 | $2.7B | $383.0M | ||
| Q1 24 | — | $377.1M |
| Q4 25 | $2.9B | $2.3B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $2.7B | $1.9B | ||
| Q1 25 | $2.8B | $1.7B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $3.1B | $917.6M | ||
| Q2 24 | $3.3B | $926.2M | ||
| Q1 24 | — | $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 | $-63.8M | $175.9M |
| Free Cash FlowOCF − Capex | $-63.9M | — |
| FCF MarginFCF / Revenue | -146.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $175.9M | ||
| Q3 25 | $-63.2M | $236.0M | ||
| Q2 25 | $-77.0M | $157.9M | ||
| Q1 25 | $-95.0M | $51.9M | ||
| Q4 24 | — | $340.7M | ||
| Q3 24 | $-104.6M | $32.0M | ||
| Q2 24 | $-171.8M | $36.7M | ||
| Q1 24 | $-207.3M | $29.8M |
| Q4 25 | $-63.9M | — | ||
| Q3 25 | $-63.6M | — | ||
| Q2 25 | $-77.3M | — | ||
| Q1 25 | $-95.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-105.6M | — | ||
| Q2 24 | $-173.2M | — | ||
| Q1 24 | $-209.8M | — |
| Q4 25 | -146.5% | — | ||
| Q3 25 | -175.8% | — | ||
| Q2 25 | -217.6% | — | ||
| Q1 25 | -298.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -368.4% | — | ||
| Q2 24 | -541.7% | — | ||
| Q1 24 | -785.3% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 9.5% | — |
| 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
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
