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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and WM TECHNOLOGY, INC. (MAPS). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $43.1M, roughly 1.7× WM TECHNOLOGY, INC.). WM TECHNOLOGY, INC. runs the higher net margin — -8.3% vs -16.1%, a 7.9% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -9.7%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -1.5%).
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.
WM Entertainment is a South Korean entertainment company established in 2008 by former singer Lee Won-min. The company is responsible for managing artist Oh My Girl. On April 7, 2021, the company was acquired by RBW.
GSAT vs MAPS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $43.1M |
| Net Profit | $-11.6M | $-3.6M |
| Gross Margin | — | 94.9% |
| Operating Margin | -0.5% | -13.5% |
| Net Margin | -16.1% | -8.3% |
| Revenue YoY | 17.6% | -9.7% |
| Net Profit YoY | 76.9% | -251.9% |
| EPS (diluted) | $-0.11 | — |
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 | $43.1M | ||
| Q3 25 | $73.8M | $42.2M | ||
| Q2 25 | $67.1M | $44.8M | ||
| Q1 25 | $60.0M | $44.6M | ||
| Q4 24 | $61.2M | $47.7M | ||
| Q3 24 | $72.3M | $46.6M | ||
| Q2 24 | $60.4M | $45.9M | ||
| Q1 24 | $56.5M | $44.4M |
| Q4 25 | $-11.6M | $-3.6M | ||
| Q3 25 | $1.1M | $2.5M | ||
| Q2 25 | $19.2M | $1.4M | ||
| Q1 25 | $-17.3M | $1.6M | ||
| Q4 24 | $-50.2M | $2.4M | ||
| Q3 24 | $9.9M | $3.3M | ||
| Q2 24 | $-9.7M | $716.0K | ||
| Q1 24 | $-13.2M | $1.2M |
| Q4 25 | — | 94.9% | ||
| Q3 25 | — | 95.0% | ||
| Q2 25 | — | 94.9% | ||
| Q1 25 | — | 95.0% | ||
| Q4 24 | — | 95.2% | ||
| Q3 24 | — | 95.3% | ||
| Q2 24 | — | 95.1% | ||
| Q1 24 | — | 94.8% |
| Q4 25 | -0.5% | -13.5% | ||
| Q3 25 | 13.8% | 4.6% | ||
| Q2 25 | 9.2% | 4.4% | ||
| Q1 25 | -14.2% | 5.9% | ||
| Q4 24 | -6.9% | 9.6% | ||
| Q3 24 | 13.0% | 11.2% | ||
| Q2 24 | -2.4% | 2.7% | ||
| Q1 24 | -8.3% | 8.5% |
| Q4 25 | -16.1% | -8.3% | ||
| Q3 25 | 1.5% | 5.8% | ||
| Q2 25 | 28.6% | 3.2% | ||
| Q1 25 | -28.9% | 3.7% | ||
| Q4 24 | -82.1% | 4.9% | ||
| Q3 24 | 13.7% | 7.2% | ||
| Q2 24 | -16.0% | 1.6% | ||
| Q1 24 | -23.4% | 2.8% |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.01 | — | ||
| Q2 25 | $0.13 | — | ||
| Q1 25 | $-0.16 | $0.02 | ||
| Q4 24 | $-0.57 | — | ||
| Q3 24 | $0.00 | — | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $-0.01 | $0.01 |
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 | $62.4M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $57.2M |
| Total Assets | $2.3B | $190.7M |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $62.4M | ||
| Q3 25 | $346.3M | — | ||
| Q2 25 | $308.2M | — | ||
| Q1 25 | $241.4M | — | ||
| Q4 24 | $391.2M | $52.0M | ||
| Q3 24 | $51.9M | — | ||
| Q2 24 | $64.3M | — | ||
| Q1 24 | $59.3M | — |
| 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 | $57.2M | ||
| Q3 25 | $364.8M | $56.9M | ||
| Q2 25 | $360.9M | $52.7M | ||
| Q1 25 | $344.3M | $48.5M | ||
| Q4 24 | $358.9M | $36.1M | ||
| Q3 24 | $394.1M | $29.5M | ||
| Q2 24 | $383.0M | $24.5M | ||
| Q1 24 | $377.1M | $20.8M |
| Q4 25 | $2.3B | $190.7M | ||
| Q3 25 | $2.2B | $192.9M | ||
| Q2 25 | $1.9B | $188.1M | ||
| Q1 25 | $1.7B | $183.8M | ||
| Q4 24 | $1.7B | $181.9M | ||
| Q3 24 | $917.6M | $173.6M | ||
| Q2 24 | $926.2M | $168.0M | ||
| Q1 24 | $917.0M | $165.8M |
| 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 | $3.0M |
| Free Cash FlowOCF − Capex | — | $-280.0K |
| FCF MarginFCF / Revenue | — | -0.7% |
| Capex IntensityCapex / Revenue | — | 7.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $13.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $3.0M | ||
| Q3 25 | $236.0M | $6.4M | ||
| Q2 25 | $157.9M | $11.1M | ||
| Q1 25 | $51.9M | $5.7M | ||
| Q4 24 | $340.7M | $9.4M | ||
| Q3 24 | $32.0M | $7.2M | ||
| Q2 24 | $36.7M | $12.7M | ||
| Q1 24 | $29.8M | $7.4M |
| Q4 25 | — | $-280.0K | ||
| Q3 25 | — | $3.6M | ||
| Q2 25 | — | $8.2M | ||
| Q1 25 | — | $2.0M | ||
| Q4 24 | — | $7.3M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $10.1M | ||
| Q1 24 | — | $2.9M |
| Q4 25 | — | -0.7% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | — | 18.3% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 6.4% |
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | 10.2% |
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | 2.61× | ||
| Q2 25 | 8.22× | 7.75× | ||
| Q1 25 | — | 3.44× | ||
| Q4 24 | — | 4.00× | ||
| Q3 24 | 3.23× | 2.17× | ||
| Q2 24 | — | 17.67× | ||
| Q1 24 | — | 5.97× |
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% |
MAPS
| Services | $39.5M | 92% |
| Other | $3.6M | 8% |
