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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Katapult Holdings, Inc. (KPLT). Click either name above to swap in a different company.
Katapult Holdings, Inc. is the larger business by last-quarter revenue ($73.9M vs $72.0M, roughly 1.0× Globalstar, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -16.1%, a 43.0% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 17.3%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 6.6%).
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.
Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.
GSAT vs KPLT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $73.9M |
| Net Profit | $-11.6M | $19.8M |
| Gross Margin | — | 15.6% |
| Operating Margin | -0.5% | -1.4% |
| Net Margin | -16.1% | 26.8% |
| Revenue YoY | 17.6% | 17.3% |
| Net Profit YoY | 76.9% | 307.3% |
| EPS (diluted) | $-0.11 | $3.69 |
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 | $73.9M | ||
| Q3 25 | $73.8M | $74.0M | ||
| Q2 25 | $67.1M | $71.9M | ||
| Q1 25 | $60.0M | $71.9M | ||
| Q4 24 | $61.2M | $63.0M | ||
| Q3 24 | $72.3M | $60.3M | ||
| Q2 24 | $60.4M | $58.9M | ||
| Q1 24 | $56.5M | $65.1M |
| Q4 25 | $-11.6M | $19.8M | ||
| Q3 25 | $1.1M | $-4.9M | ||
| Q2 25 | $19.2M | $-7.8M | ||
| Q1 25 | $-17.3M | $-5.7M | ||
| Q4 24 | $-50.2M | $-9.6M | ||
| Q3 24 | $9.9M | $-8.9M | ||
| Q2 24 | $-9.7M | $-6.9M | ||
| Q1 24 | $-13.2M | $-570.0K |
| Q4 25 | — | 15.6% | ||
| Q3 25 | — | 19.7% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 16.9% | ||
| Q1 24 | — | 25.3% |
| Q4 25 | -0.5% | -1.4% | ||
| Q3 25 | 13.8% | 3.3% | ||
| Q2 25 | 9.2% | -2.0% | ||
| Q1 25 | -14.2% | -0.7% | ||
| Q4 24 | -6.9% | -7.7% | ||
| Q3 24 | 13.0% | -7.4% | ||
| Q2 24 | -2.4% | -4.5% | ||
| Q1 24 | -8.3% | 5.8% |
| Q4 25 | -16.1% | 26.8% | ||
| Q3 25 | 1.5% | -6.7% | ||
| Q2 25 | 28.6% | -10.9% | ||
| Q1 25 | -28.9% | -7.9% | ||
| Q4 24 | -82.1% | -15.2% | ||
| Q3 24 | 13.7% | -14.7% | ||
| Q2 24 | -16.0% | -11.7% | ||
| Q1 24 | -23.4% | -0.9% |
| Q4 25 | $-0.11 | $3.69 | ||
| Q3 25 | $-0.01 | $-0.94 | ||
| Q2 25 | $0.13 | $-1.63 | ||
| Q1 25 | $-0.16 | $-1.23 | ||
| Q4 24 | $-0.57 | $-2.17 | ||
| Q3 24 | $0.00 | $-2.05 | ||
| Q2 24 | $-0.01 | $-1.61 | ||
| Q1 24 | $-0.01 | $-0.13 |
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 | $22.4M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $-38.1M |
| Total Assets | $2.3B | $107.9M |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $22.4M | ||
| Q3 25 | $346.3M | $3.4M | ||
| Q2 25 | $308.2M | $3.7M | ||
| Q1 25 | $241.4M | $6.0M | ||
| Q4 24 | $391.2M | $3.5M | ||
| Q3 24 | $51.9M | $25.9M | ||
| Q2 24 | $64.3M | $33.7M | ||
| Q1 24 | $59.3M | $31.2M |
| 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 | $-38.1M | ||
| Q3 25 | $364.8M | $-58.4M | ||
| Q2 25 | $360.9M | $-54.1M | ||
| Q1 25 | $344.3M | $-51.7M | ||
| Q4 24 | $358.9M | $-46.8M | ||
| Q3 24 | $394.1M | $-40.3M | ||
| Q2 24 | $383.0M | $-32.9M | ||
| Q1 24 | $377.1M | $-27.5M |
| Q4 25 | $2.3B | $107.9M | ||
| Q3 25 | $2.2B | $85.9M | ||
| Q2 25 | $1.9B | $90.6M | ||
| Q1 25 | $1.7B | $88.5M | ||
| Q4 24 | $1.7B | $93.2M | ||
| Q3 24 | $917.6M | $92.0M | ||
| Q2 24 | $926.2M | $106.6M | ||
| Q1 24 | $917.0M | $106.6M |
| 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 | $-11.9M |
| Free Cash FlowOCF − Capex | — | $-12.0M |
| FCF MarginFCF / Revenue | — | -16.2% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | -0.60× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $-11.9M | ||
| Q3 25 | $236.0M | $4.0M | ||
| Q2 25 | $157.9M | $-6.6M | ||
| Q1 25 | $51.9M | $3.4M | ||
| Q4 24 | $340.7M | $-32.6M | ||
| Q3 24 | $32.0M | $-5.4M | ||
| Q2 24 | $36.7M | $-628.0K | ||
| Q1 24 | $29.8M | $2.0M |
| Q4 25 | — | $-12.0M | ||
| Q3 25 | — | $4.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $3.4M | ||
| Q4 24 | — | $-32.6M | ||
| Q3 24 | — | $-5.4M | ||
| Q2 24 | — | $-653.0K | ||
| Q1 24 | — | — |
| Q4 25 | — | -16.2% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | -51.8% | ||
| Q3 24 | — | -9.0% | ||
| Q2 24 | — | -1.1% | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | — | -0.60× | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | — | ||
| Q2 24 | — | — | ||
| 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% |
KPLT
Segment breakdown not available.
