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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Inspirato Inc (ISPO). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $55.5M, roughly 1.3× Inspirato Inc). Inspirato Inc runs the higher net margin — -8.1% vs -16.1%, a 8.0% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -19.6%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -11.4%).
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.
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
GSAT vs ISPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $55.5M |
| Net Profit | $-11.6M | $-4.5M |
| Gross Margin | — | 31.4% |
| Operating Margin | -0.5% | -8.0% |
| Net Margin | -16.1% | -8.1% |
| Revenue YoY | 17.6% | -19.6% |
| Net Profit YoY | 76.9% | -204.4% |
| EPS (diluted) | $-0.11 | $-0.36 |
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 | — | ||
| Q3 25 | $73.8M | $55.5M | ||
| Q2 25 | $67.1M | $63.1M | ||
| Q1 25 | $60.0M | $65.9M | ||
| Q4 24 | $61.2M | $63.1M | ||
| Q3 24 | $72.3M | $69.1M | ||
| Q2 24 | $60.4M | $67.4M | ||
| Q1 24 | $56.5M | $80.2M |
| Q4 25 | $-11.6M | — | ||
| Q3 25 | $1.1M | $-4.5M | ||
| Q2 25 | $19.2M | $-5.3M | ||
| Q1 25 | $-17.3M | $1.6M | ||
| Q4 24 | $-50.2M | $-2.3M | ||
| Q3 24 | $9.9M | $4.3M | ||
| Q2 24 | $-9.7M | $-8.7M | ||
| Q1 24 | $-13.2M | $1.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 31.4% | ||
| Q2 25 | — | 27.5% | ||
| Q1 25 | — | 38.8% | ||
| Q4 24 | — | 34.7% | ||
| Q3 24 | — | 71.5% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 39.5% |
| Q4 25 | -0.5% | — | ||
| Q3 25 | 13.8% | -8.0% | ||
| Q2 25 | 9.2% | -8.3% | ||
| Q1 25 | -14.2% | 2.5% | ||
| Q4 24 | -6.9% | -3.2% | ||
| Q3 24 | 13.0% | 9.8% | ||
| Q2 24 | -2.4% | -22.8% | ||
| Q1 24 | -8.3% | 3.0% |
| Q4 25 | -16.1% | — | ||
| Q3 25 | 1.5% | -8.1% | ||
| Q2 25 | 28.6% | -8.4% | ||
| Q1 25 | -28.9% | 2.5% | ||
| Q4 24 | -82.1% | -3.6% | ||
| Q3 24 | 13.7% | 6.3% | ||
| Q2 24 | -16.0% | -12.9% | ||
| Q1 24 | -23.4% | 1.6% |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.01 | $-0.36 | ||
| Q2 25 | $0.13 | $-0.42 | ||
| Q1 25 | $-0.16 | $0.12 | ||
| Q4 24 | $-0.57 | $0.98 | ||
| Q3 24 | $0.00 | $0.62 | ||
| Q2 24 | $-0.01 | $-2.33 | ||
| Q1 24 | $-0.01 | $-0.18 |
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 | $13.7M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $-134.0M |
| Total Assets | $2.3B | $228.3M |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | — | ||
| Q3 25 | $346.3M | $13.7M | ||
| Q2 25 | $308.2M | $16.7M | ||
| Q1 25 | $241.4M | $16.4M | ||
| Q4 24 | $391.2M | $21.8M | ||
| Q3 24 | $51.9M | $13.5M | ||
| Q2 24 | $64.3M | $18.8M | ||
| Q1 24 | $59.3M | $22.6M |
| 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 | — | ||
| Q3 25 | $364.8M | $-134.0M | ||
| Q2 25 | $360.9M | $-129.7M | ||
| Q1 25 | $344.3M | $-125.2M | ||
| Q4 24 | $358.9M | $-129.9M | ||
| Q3 24 | $394.1M | $-134.6M | ||
| Q2 24 | $383.0M | $-35.2M | ||
| Q1 24 | $377.1M | $-27.5M |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $228.3M | ||
| Q2 25 | $1.9B | $252.6M | ||
| Q1 25 | $1.7B | $270.1M | ||
| Q4 24 | $1.7B | $273.9M | ||
| Q3 24 | $917.6M | $273.3M | ||
| Q2 24 | $926.2M | $301.7M | ||
| Q1 24 | $917.0M | $313.0M |
| 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 | $175.9M | $-2.2M |
| Free Cash FlowOCF − Capex | — | $-3.0M |
| FCF MarginFCF / Revenue | — | -5.4% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-31.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | — | ||
| Q3 25 | $236.0M | $-2.2M | ||
| Q2 25 | $157.9M | $1.1M | ||
| Q1 25 | $51.9M | $-6.6M | ||
| Q4 24 | $340.7M | $-15.8M | ||
| Q3 24 | $32.0M | $-13.7M | ||
| Q2 24 | $36.7M | $-1.8M | ||
| Q1 24 | $29.8M | $-7.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-3.0M | ||
| Q2 25 | — | $468.0K | ||
| Q1 25 | — | $-7.5M | ||
| Q4 24 | — | $-21.2M | ||
| Q3 24 | — | $-14.8M | ||
| Q2 24 | — | $-3.7M | ||
| Q1 24 | — | $-8.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | -5.4% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | -11.4% | ||
| Q4 24 | — | -33.7% | ||
| Q3 24 | — | -21.5% | ||
| Q2 24 | — | -5.5% | ||
| Q1 24 | — | -10.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | — | ||
| Q1 25 | — | -4.09× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | -3.16× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -5.70× |
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% |
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
