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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and INSEEGO CORP. (INSG). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $48.4M, roughly 1.5× INSEEGO CORP.). INSEEGO CORP. runs the higher net margin — 1.0% vs -16.1%, a 17.1% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 0.6%). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% CAGR vs 12.9%).
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.
Inseego Corp designs, manufactures and delivers advanced 5G and IoT solutions including mobile hotspots, edge computing devices, and cloud-based device management platforms. It primarily serves telecom operators, enterprise clients, and public sector customers across global markets.
GSAT vs INSG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $48.4M |
| Net Profit | $-11.6M | $469.0K |
| Gross Margin | — | 42.2% |
| Operating Margin | -0.5% | 2.7% |
| Net Margin | -16.1% | 1.0% |
| Revenue YoY | 17.6% | 0.6% |
| Net Profit YoY | 76.9% | 182.9% |
| EPS (diluted) | $-0.11 | $-0.02 |
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 | $72.0M | $48.4M | ||
| Q3 25 | $73.8M | $45.9M | ||
| Q2 25 | $67.1M | $40.2M | ||
| Q1 25 | $60.0M | $31.7M | ||
| Q4 24 | $61.2M | $48.1M | ||
| Q3 24 | $72.3M | $54.0M | ||
| Q2 24 | $60.4M | $51.6M | ||
| Q1 24 | $56.5M | $37.5M |
| Q4 25 | $-11.6M | $469.0K | ||
| Q3 25 | $1.1M | $1.4M | ||
| Q2 25 | $19.2M | $507.0K | ||
| Q1 25 | $-17.3M | $-1.6M | ||
| Q4 24 | $-50.2M | $-566.0K | ||
| Q3 24 | $9.9M | $9.0M | ||
| Q2 24 | $-9.7M | $624.0K | ||
| Q1 24 | $-13.2M | $-4.5M |
| Q4 25 | — | 42.2% | ||
| Q3 25 | — | 41.6% | ||
| Q2 25 | — | 41.1% | ||
| Q1 25 | — | 47.3% | ||
| Q4 24 | — | 37.3% | ||
| Q3 24 | — | 34.8% | ||
| Q2 24 | — | 36.4% | ||
| Q1 24 | — | 35.3% |
| Q4 25 | -0.5% | 2.7% | ||
| Q3 25 | 13.8% | 4.7% | ||
| Q2 25 | 9.2% | 3.2% | ||
| Q1 25 | -14.2% | -1.3% | ||
| Q4 24 | -6.9% | 3.7% | ||
| Q3 24 | 13.0% | 1.9% | ||
| Q2 24 | -2.4% | 3.6% | ||
| Q1 24 | -8.3% | -7.9% |
| Q4 25 | -16.1% | 1.0% | ||
| Q3 25 | 1.5% | 3.1% | ||
| Q2 25 | 28.6% | 1.3% | ||
| Q1 25 | -28.9% | -5.0% | ||
| Q4 24 | -82.1% | -1.2% | ||
| Q3 24 | 13.7% | 16.6% | ||
| Q2 24 | -16.0% | 1.2% | ||
| Q1 24 | -23.4% | -11.9% |
| Q4 25 | $-0.11 | $-0.02 | ||
| Q3 25 | $-0.01 | $0.03 | ||
| Q2 25 | $0.13 | $-0.03 | ||
| Q1 25 | $-0.16 | $-0.16 | ||
| Q4 24 | $-0.57 | $0.62 | ||
| Q3 24 | $0.00 | $-0.06 | ||
| Q2 24 | $-0.01 | $-0.02 | ||
| Q1 24 | $-0.01 | $-0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $447.5M | $24.9M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $-4.0M |
| Total Assets | $2.3B | $93.8M |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $24.9M | ||
| Q3 25 | $346.3M | $14.6M | ||
| Q2 25 | $308.2M | $13.2M | ||
| Q1 25 | $241.4M | $35.1M | ||
| Q4 24 | $391.2M | $39.6M | ||
| Q3 24 | $51.9M | $12.0M | ||
| Q2 24 | $64.3M | $49.0M | ||
| Q1 24 | $59.3M | $12.3M |
| 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 | $355.7M | $-4.0M | ||
| Q3 25 | $364.8M | $-7.7M | ||
| Q2 25 | $360.9M | $-10.5M | ||
| Q1 25 | $344.3M | $-13.0M | ||
| Q4 24 | $358.9M | $-12.9M | ||
| Q3 24 | $394.1M | $-85.1M | ||
| Q2 24 | $383.0M | $-101.8M | ||
| Q1 24 | $377.1M | $-105.6M |
| Q4 25 | $2.3B | $93.8M | ||
| Q3 25 | $2.2B | $85.8M | ||
| Q2 25 | $1.9B | $83.1M | ||
| Q1 25 | $1.7B | $93.0M | ||
| Q4 24 | $1.7B | $100.0M | ||
| Q3 24 | $917.6M | $113.4M | ||
| Q2 24 | $926.2M | $149.6M | ||
| Q1 24 | $917.0M | $122.1M |
| 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 | $175.9M | $12.0M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 24.0% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | 25.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $6.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $12.0M | ||
| Q3 25 | $236.0M | $3.2M | ||
| Q2 25 | $157.9M | $-4.5M | ||
| Q1 25 | $51.9M | $-3.5M | ||
| Q4 24 | $340.7M | $-14.2M | ||
| Q3 24 | $32.0M | $14.8M | ||
| Q2 24 | $36.7M | $27.6M | ||
| Q1 24 | $29.8M | $5.2M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $3.1M | ||
| Q2 25 | — | $-4.7M | ||
| Q1 25 | — | $-3.5M | ||
| Q4 24 | — | $-14.3M | ||
| Q3 24 | — | $14.8M | ||
| Q2 24 | — | $27.6M | ||
| Q1 24 | — | — |
| Q4 25 | — | 24.0% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | -11.6% | ||
| Q1 25 | — | -11.0% | ||
| Q4 24 | — | -29.7% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 53.5% | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | — | 25.50× | ||
| Q3 25 | 216.53× | 2.22× | ||
| Q2 25 | 8.22× | -8.81× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | 1.65× | ||
| Q2 24 | — | 44.31× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
INSG
Segment breakdown not available.
