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

Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $47.7M, roughly 1.5× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -16.1%, a 11.4% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -47.3%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -20.2%).

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.

Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.

GSAT vs IRWD — Head-to-Head

Bigger by revenue
GSAT
GSAT
1.5× larger
GSAT
$72.0M
$47.7M
IRWD
Growing faster (revenue YoY)
GSAT
GSAT
+64.9% gap
GSAT
17.6%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
11.4% more per $
IRWD
-4.8%
-16.1%
GSAT
Faster 2-yr revenue CAGR
GSAT
GSAT
Annualised
GSAT
12.9%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GSAT
GSAT
IRWD
IRWD
Revenue
$72.0M
$47.7M
Net Profit
$-11.6M
$-2.3M
Gross Margin
Operating Margin
-0.5%
14.3%
Net Margin
-16.1%
-4.8%
Revenue YoY
17.6%
-47.3%
Net Profit YoY
76.9%
-200.9%
EPS (diluted)
$-0.11
$0.01

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
IRWD
IRWD
Q4 25
$72.0M
$47.7M
Q3 25
$73.8M
$122.1M
Q2 25
$67.1M
$85.2M
Q1 25
$60.0M
$41.1M
Q4 24
$61.2M
$90.5M
Q3 24
$72.3M
$91.6M
Q2 24
$60.4M
$94.4M
Q1 24
$56.5M
$74.9M
Net Profit
GSAT
GSAT
IRWD
IRWD
Q4 25
$-11.6M
$-2.3M
Q3 25
$1.1M
$40.1M
Q2 25
$19.2M
$23.6M
Q1 25
$-17.3M
$-37.4M
Q4 24
$-50.2M
$2.3M
Q3 24
$9.9M
$3.6M
Q2 24
$-9.7M
$-860.0K
Q1 24
$-13.2M
$-4.2M
Operating Margin
GSAT
GSAT
IRWD
IRWD
Q4 25
-0.5%
14.3%
Q3 25
13.8%
61.8%
Q2 25
9.2%
53.2%
Q1 25
-14.2%
-70.7%
Q4 24
-6.9%
34.8%
Q3 24
13.0%
28.0%
Q2 24
-2.4%
26.5%
Q1 24
-8.3%
14.7%
Net Margin
GSAT
GSAT
IRWD
IRWD
Q4 25
-16.1%
-4.8%
Q3 25
1.5%
32.8%
Q2 25
28.6%
27.7%
Q1 25
-28.9%
-90.9%
Q4 24
-82.1%
2.5%
Q3 24
13.7%
4.0%
Q2 24
-16.0%
-0.9%
Q1 24
-23.4%
-5.6%
EPS (diluted)
GSAT
GSAT
IRWD
IRWD
Q4 25
$-0.11
$0.01
Q3 25
$-0.01
$0.23
Q2 25
$0.13
$0.14
Q1 25
$-0.16
$-0.23
Q4 24
$-0.57
$0.03
Q3 24
$0.00
$0.02
Q2 24
$-0.01
$-0.01
Q1 24
$-0.01
$-0.03

Balance Sheet & Financial Strength

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

Metric
GSAT
GSAT
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$447.5M
$215.5M
Total DebtLower is stronger
$483.8M
Stockholders' EquityBook value
$355.7M
$-261.8M
Total Assets
$2.3B
$396.9M
Debt / EquityLower = less leverage
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
IRWD
IRWD
Q4 25
$447.5M
$215.5M
Q3 25
$346.3M
$140.4M
Q2 25
$308.2M
$92.9M
Q1 25
$241.4M
$108.5M
Q4 24
$391.2M
$88.6M
Q3 24
$51.9M
$88.2M
Q2 24
$64.3M
$105.5M
Q1 24
$59.3M
$121.5M
Total Debt
GSAT
GSAT
IRWD
IRWD
Q4 25
$483.8M
Q3 25
$508.6M
$199.5M
Q2 25
$491.5M
$199.3M
Q1 25
$502.7M
$199.2M
Q4 24
$511.4M
$199.0M
Q3 24
$394.4M
$198.8M
Q2 24
$393.1M
$198.6M
Q1 24
$398.7M
$398.3M
Stockholders' Equity
GSAT
GSAT
IRWD
IRWD
Q4 25
$355.7M
$-261.8M
Q3 25
$364.8M
$-264.2M
Q2 25
$360.9M
$-308.2M
Q1 25
$344.3M
$-334.1M
Q4 24
$358.9M
$-301.3M
Q3 24
$394.1M
$-311.3M
Q2 24
$383.0M
$-321.7M
Q1 24
$377.1M
$-330.5M
Total Assets
GSAT
GSAT
IRWD
IRWD
Q4 25
$2.3B
$396.9M
Q3 25
$2.2B
$396.1M
Q2 25
$1.9B
$342.9M
Q1 25
$1.7B
$327.2M
Q4 24
$1.7B
$350.9M
Q3 24
$917.6M
$389.5M
Q2 24
$926.2M
$395.6M
Q1 24
$917.0M
$438.8M
Debt / Equity
GSAT
GSAT
IRWD
IRWD
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
IRWD
IRWD
Operating Cash FlowLast quarter
$175.9M
$74.6M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSAT
GSAT
IRWD
IRWD
Q4 25
$175.9M
$74.6M
Q3 25
$236.0M
$47.6M
Q2 25
$157.9M
$-15.1M
Q1 25
$51.9M
$20.0M
Q4 24
$340.7M
$15.2M
Q3 24
$32.0M
$9.9M
Q2 24
$36.7M
$33.5M
Q1 24
$29.8M
$45.0M
Free Cash Flow
GSAT
GSAT
IRWD
IRWD
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
Q3 24
$9.9M
Q2 24
$33.4M
Q1 24
$44.9M
FCF Margin
GSAT
GSAT
IRWD
IRWD
Q4 25
156.3%
Q3 25
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
Q3 24
10.8%
Q2 24
35.4%
Q1 24
60.0%
Capex Intensity
GSAT
GSAT
IRWD
IRWD
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
GSAT
GSAT
IRWD
IRWD
Q4 25
Q3 25
216.53×
1.19×
Q2 25
8.22×
-0.64×
Q1 25
Q4 24
6.74×
Q3 24
3.23×
2.71×
Q2 24
Q1 24

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%

IRWD
IRWD

Segment breakdown not available.

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