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Side-by-side financial comparison of Grindr Inc. (GRND) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.
Grindr Inc. is the larger business by last-quarter revenue ($126.0M vs $72.0M, roughly 1.8× Globalstar, Inc.). Grindr Inc. runs the higher net margin — 16.1% vs -16.1%, a 32.2% gap on every dollar of revenue. On growth, Grindr Inc. posted the faster year-over-year revenue change (29.0% vs 17.6%). Over the past eight quarters, Grindr Inc.'s revenue compounded faster (29.3% CAGR vs 12.9%).
Grindr is a location-based social networking and online hookup application for LGBTQ people.
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.
GRND vs GSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.0M | $72.0M |
| Net Profit | $20.3M | $-11.6M |
| Gross Margin | — | — |
| Operating Margin | 24.9% | -0.5% |
| Net Margin | 16.1% | -16.1% |
| Revenue YoY | 29.0% | 17.6% |
| Net Profit YoY | 116.4% | 76.9% |
| EPS (diluted) | $0.10 | $-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 | $126.0M | $72.0M | ||
| Q3 25 | $115.8M | $73.8M | ||
| Q2 25 | $104.2M | $67.1M | ||
| Q1 25 | $93.9M | $60.0M | ||
| Q4 24 | $97.6M | $61.2M | ||
| Q3 24 | $89.3M | $72.3M | ||
| Q2 24 | $82.3M | $60.4M | ||
| Q1 24 | $75.3M | $56.5M |
| Q4 25 | $20.3M | $-11.6M | ||
| Q3 25 | $30.8M | $1.1M | ||
| Q2 25 | $16.6M | $19.2M | ||
| Q1 25 | $27.0M | $-17.3M | ||
| Q4 24 | $-123.9M | $-50.2M | ||
| Q3 24 | $24.7M | $9.9M | ||
| Q2 24 | $-22.4M | $-9.7M | ||
| Q1 24 | $-9.4M | $-13.2M |
| Q4 25 | 24.9% | -0.5% | ||
| Q3 25 | 39.1% | 13.8% | ||
| Q2 25 | 23.4% | 9.2% | ||
| Q1 25 | 27.0% | -14.2% | ||
| Q4 24 | 20.9% | -6.9% | ||
| Q3 24 | 31.8% | 13.0% | ||
| Q2 24 | 29.8% | -2.4% | ||
| Q1 24 | 25.6% | -8.3% |
| Q4 25 | 16.1% | -16.1% | ||
| Q3 25 | 26.6% | 1.5% | ||
| Q2 25 | 16.0% | 28.6% | ||
| Q1 25 | 28.8% | -28.9% | ||
| Q4 24 | -126.9% | -82.1% | ||
| Q3 24 | 27.6% | 13.7% | ||
| Q2 24 | -27.2% | -16.0% | ||
| Q1 24 | -12.5% | -23.4% |
| Q4 25 | $0.10 | $-0.11 | ||
| Q3 25 | $0.16 | $-0.01 | ||
| Q2 25 | $0.08 | $0.13 | ||
| Q1 25 | $0.09 | $-0.16 | ||
| Q4 24 | $-0.65 | $-0.57 | ||
| Q3 24 | $0.09 | $0.00 | ||
| Q2 24 | $-0.13 | $-0.01 | ||
| Q1 24 | $-0.05 | $-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 | $87.0M | $447.5M |
| Total DebtLower is stronger | $395.9M | $483.8M |
| Stockholders' EquityBook value | $47.0M | $355.7M |
| Total Assets | $531.0M | $2.3B |
| Debt / EquityLower = less leverage | 8.42× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.0M | $447.5M | ||
| Q3 25 | $6.3M | $346.3M | ||
| Q2 25 | $120.8M | $308.2M | ||
| Q1 25 | $255.9M | $241.4M | ||
| Q4 24 | $59.2M | $391.2M | ||
| Q3 24 | $39.1M | $51.9M | ||
| Q2 24 | $16.3M | $64.3M | ||
| Q1 24 | $21.5M | $59.3M |
| Q4 25 | $395.9M | $483.8M | ||
| Q3 25 | $279.9M | $508.6M | ||
| Q2 25 | $283.5M | $491.5M | ||
| Q1 25 | $287.0M | $502.7M | ||
| Q4 24 | $290.6M | $511.4M | ||
| Q3 24 | $294.1M | $394.4M | ||
| Q2 24 | $297.7M | $393.1M | ||
| Q1 24 | $315.0M | $398.7M |
| Q4 25 | $47.0M | $355.7M | ||
| Q3 25 | $71.0M | $364.8M | ||
| Q2 25 | $187.7M | $360.9M | ||
| Q1 25 | $319.8M | $344.3M | ||
| Q4 24 | $-131.6M | $358.9M | ||
| Q3 24 | $-13.4M | $394.1M | ||
| Q2 24 | $-41.7M | $383.0M | ||
| Q1 24 | $-22.0M | $377.1M |
| Q4 25 | $531.0M | $2.3B | ||
| Q3 25 | $439.2M | $2.2B | ||
| Q2 25 | $547.6M | $1.9B | ||
| Q1 25 | $679.4M | $1.7B | ||
| Q4 24 | $479.1M | $1.7B | ||
| Q3 24 | $456.3M | $917.6M | ||
| Q2 24 | $435.0M | $926.2M | ||
| Q1 24 | $437.7M | $917.0M |
| Q4 25 | 8.42× | 1.36× | ||
| Q3 25 | 3.94× | 1.39× | ||
| Q2 25 | 1.51× | 1.36× | ||
| Q1 25 | 0.90× | 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 | $24.8M | $175.9M |
| Free Cash FlowOCF − Capex | $24.5M | — |
| FCF MarginFCF / Revenue | 19.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 1.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $140.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.8M | $175.9M | ||
| Q3 25 | $55.4M | $236.0M | ||
| Q2 25 | $37.5M | $157.9M | ||
| Q1 25 | $23.8M | $51.9M | ||
| Q4 24 | $29.5M | $340.7M | ||
| Q3 24 | $29.1M | $32.0M | ||
| Q2 24 | $15.8M | $36.7M | ||
| Q1 24 | $20.4M | $29.8M |
| Q4 25 | $24.5M | — | ||
| Q3 25 | $55.2M | — | ||
| Q2 25 | $37.3M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $29.3M | — | ||
| Q3 24 | $28.8M | — | ||
| Q2 24 | $15.7M | — | ||
| Q1 24 | $20.3M | — |
| Q4 25 | 19.5% | — | ||
| Q3 25 | 47.7% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 25.2% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 32.2% | — | ||
| Q2 24 | 19.0% | — | ||
| Q1 24 | 26.9% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 1.22× | — | ||
| Q3 25 | 1.80× | 216.53× | ||
| Q2 25 | 2.25× | 8.22× | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | 3.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRND
| License And Service | $102.9M | 82% |
| Advertising | $23.1M | 18% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
