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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Innoviva, Inc. (INVA). Click either name above to swap in a different company.

Innoviva, Inc. is the larger business by last-quarter revenue ($114.6M vs $72.0M, roughly 1.6× Globalstar, Inc.). Innoviva, Inc. runs the higher net margin — 143.2% vs -16.1%, a 159.4% gap on every dollar of revenue. On growth, Innoviva, Inc. posted the faster year-over-year revenue change (24.8% vs 17.6%). Over the past eight quarters, Innoviva, Inc.'s revenue compounded faster (21.6% 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.

Innoviva, Inc. is a healthcare company specializing in the development, commercialization, and royalty management of prescription therapeutics for respiratory diseases, infectious diseases, and critical care conditions. It partners with leading global pharmaceutical firms to deliver treatments for asthma, COPD and other chronic illnesses to patients across core markets including North America and Europe.

GSAT vs INVA — Head-to-Head

Bigger by revenue
INVA
INVA
1.6× larger
INVA
$114.6M
$72.0M
GSAT
Growing faster (revenue YoY)
INVA
INVA
+7.2% gap
INVA
24.8%
17.6%
GSAT
Higher net margin
INVA
INVA
159.4% more per $
INVA
143.2%
-16.1%
GSAT
Faster 2-yr revenue CAGR
INVA
INVA
Annualised
INVA
21.6%
12.9%
GSAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GSAT
GSAT
INVA
INVA
Revenue
$72.0M
$114.6M
Net Profit
$-11.6M
$164.2M
Gross Margin
66.0%
Operating Margin
-0.5%
34.0%
Net Margin
-16.1%
143.2%
Revenue YoY
17.6%
24.8%
Net Profit YoY
76.9%
707.4%
EPS (diluted)
$-0.11
$2.19

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.

Revenue
GSAT
GSAT
INVA
INVA
Q4 25
$72.0M
$114.6M
Q3 25
$73.8M
$107.8M
Q2 25
$67.1M
$100.3M
Q1 25
$60.0M
$88.6M
Q4 24
$61.2M
$91.8M
Q3 24
$72.3M
$89.5M
Q2 24
$60.4M
$99.9M
Q1 24
$56.5M
$77.5M
Net Profit
GSAT
GSAT
INVA
INVA
Q4 25
$-11.6M
$164.2M
Q3 25
$1.1M
$89.9M
Q2 25
$19.2M
$63.7M
Q1 25
$-17.3M
$-46.6M
Q4 24
$-50.2M
$20.3M
Q3 24
$9.9M
$1.2M
Q2 24
$-9.7M
$-34.7M
Q1 24
$-13.2M
$36.5M
Gross Margin
GSAT
GSAT
INVA
INVA
Q4 25
66.0%
Q3 25
70.1%
Q2 25
82.9%
Q1 25
82.7%
Q4 24
85.1%
Q3 24
81.6%
Q2 24
85.1%
Q1 24
77.5%
Operating Margin
GSAT
GSAT
INVA
INVA
Q4 25
-0.5%
34.0%
Q3 25
13.8%
32.1%
Q2 25
9.2%
48.6%
Q1 25
-14.2%
46.7%
Q4 24
-6.9%
47.0%
Q3 24
13.0%
48.3%
Q2 24
-2.4%
54.7%
Q1 24
-8.3%
33.3%
Net Margin
GSAT
GSAT
INVA
INVA
Q4 25
-16.1%
143.2%
Q3 25
1.5%
83.4%
Q2 25
28.6%
63.5%
Q1 25
-28.9%
-52.6%
Q4 24
-82.1%
22.1%
Q3 24
13.7%
1.4%
Q2 24
-16.0%
-34.7%
Q1 24
-23.4%
47.1%
EPS (diluted)
GSAT
GSAT
INVA
INVA
Q4 25
$-0.11
$2.19
Q3 25
$-0.01
$1.08
Q2 25
$0.13
$0.77
Q1 25
$-0.16
$-0.74
Q4 24
$-0.57
$0.43
Q3 24
$0.00
$0.02
Q2 24
$-0.01
$-0.55
Q1 24
$-0.01
$0.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GSAT
GSAT
INVA
INVA
Cash + ST InvestmentsLiquidity on hand
$447.5M
$550.9M
Total DebtLower is stronger
$483.8M
Stockholders' EquityBook value
$355.7M
$1.2B
Total Assets
$2.3B
$1.6B
Debt / EquityLower = less leverage
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
INVA
INVA
Q4 25
$447.5M
$550.9M
Q3 25
$346.3M
$476.5M
Q2 25
$308.2M
$397.5M
Q1 25
$241.4M
$319.1M
Q4 24
$391.2M
$305.0M
Q3 24
$51.9M
$260.6M
Q2 24
$64.3M
$217.0M
Q1 24
$59.3M
$178.4M
Total Debt
GSAT
GSAT
INVA
INVA
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
Stockholders' Equity
GSAT
GSAT
INVA
INVA
Q4 25
$355.7M
$1.2B
Q3 25
$364.8M
$1.0B
Q2 25
$360.9M
$714.8M
Q1 25
$344.3M
$646.9M
Q4 24
$358.9M
$691.2M
Q3 24
$394.1M
$668.5M
Q2 24
$383.0M
$665.5M
Q1 24
$377.1M
$703.7M
Total Assets
GSAT
GSAT
INVA
INVA
Q4 25
$2.3B
$1.6B
Q3 25
$2.2B
$1.4B
Q2 25
$1.9B
$1.3B
Q1 25
$1.7B
$1.3B
Q4 24
$1.7B
$1.3B
Q3 24
$917.6M
$1.2B
Q2 24
$926.2M
$1.2B
Q1 24
$917.0M
$1.3B
Debt / Equity
GSAT
GSAT
INVA
INVA
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
GSAT
GSAT
INVA
INVA
Operating Cash FlowLast quarter
$175.9M
$54.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSAT
GSAT
INVA
INVA
Q4 25
$175.9M
$54.5M
Q3 25
$236.0M
$49.7M
Q2 25
$157.9M
$44.1M
Q1 25
$51.9M
$48.6M
Q4 24
$340.7M
$59.2M
Q3 24
$32.0M
$48.7M
Q2 24
$36.7M
$43.7M
Q1 24
$29.8M
$37.0M
Free Cash Flow
GSAT
GSAT
INVA
INVA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$48.4M
Q2 24
Q1 24
FCF Margin
GSAT
GSAT
INVA
INVA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
54.1%
Q2 24
Q1 24
Capex Intensity
GSAT
GSAT
INVA
INVA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.3%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
GSAT
GSAT
INVA
INVA
Q4 25
0.33×
Q3 25
216.53×
0.55×
Q2 25
8.22×
0.69×
Q1 25
Q4 24
2.91×
Q3 24
3.23×
40.14×
Q2 24
Q1 24
1.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GSAT
GSAT

Services$67.4M94%
Products$4.6M6%

INVA
INVA

Royalty$54.9M48%
Xacduro$32.1M28%
Giapreza$19.6M17%
Xerava$7.3M6%

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