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

Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $61.2M, roughly 1.2× NORTHRIM BANCORP INC). On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 11.6%). Over the past eight quarters, NORTHRIM BANCORP INC's revenue compounded faster (18.4% 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.

Northrim Bancorp Inc is a U.S. regional bank holding company based in Anchorage, Alaska. It offers commercial and consumer banking services including deposit accounts, business and personal loans, mortgage products, and wealth management solutions, serving local small businesses, individual customers and corporate clients in its operating areas.

GSAT vs NRIM — Head-to-Head

Bigger by revenue
GSAT
GSAT
1.2× larger
GSAT
$72.0M
$61.2M
NRIM
Growing faster (revenue YoY)
GSAT
GSAT
+6.1% gap
GSAT
17.6%
11.6%
NRIM
Faster 2-yr revenue CAGR
NRIM
NRIM
Annualised
NRIM
18.4%
12.9%
GSAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GSAT
GSAT
NRIM
NRIM
Revenue
$72.0M
$61.2M
Net Profit
$-11.6M
Gross Margin
79.9%
Operating Margin
-0.5%
27.2%
Net Margin
-16.1%
Revenue YoY
17.6%
11.6%
Net Profit YoY
76.9%
EPS (diluted)
$-0.11
$-2.80

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
NRIM
NRIM
Q4 25
$72.0M
$61.2M
Q3 25
$73.8M
$77.2M
Q2 25
$67.1M
$61.4M
Q1 25
$60.0M
$55.8M
Q4 24
$61.2M
$54.8M
Q3 24
$72.3M
$51.0M
Q2 24
$60.4M
$46.5M
Q1 24
$56.5M
$43.7M
Net Profit
GSAT
GSAT
NRIM
NRIM
Q4 25
$-11.6M
Q3 25
$1.1M
$27.1M
Q2 25
$19.2M
$11.8M
Q1 25
$-17.3M
$13.3M
Q4 24
$-50.2M
Q3 24
$9.9M
$8.8M
Q2 24
$-9.7M
$9.0M
Q1 24
$-13.2M
$8.2M
Gross Margin
GSAT
GSAT
NRIM
NRIM
Q4 25
79.9%
Q3 25
84.0%
Q2 25
78.5%
Q1 25
84.1%
Q4 24
77.8%
Q3 24
75.2%
Q2 24
79.1%
Q1 24
78.2%
Operating Margin
GSAT
GSAT
NRIM
NRIM
Q4 25
-0.5%
27.2%
Q3 25
13.8%
44.8%
Q2 25
9.2%
25.7%
Q1 25
-14.2%
31.5%
Q4 24
-6.9%
24.3%
Q3 24
13.0%
22.8%
Q2 24
-2.4%
24.9%
Q1 24
-8.3%
24.1%
Net Margin
GSAT
GSAT
NRIM
NRIM
Q4 25
-16.1%
Q3 25
1.5%
35.1%
Q2 25
28.6%
19.2%
Q1 25
-28.9%
23.9%
Q4 24
-82.1%
Q3 24
13.7%
17.3%
Q2 24
-16.0%
19.4%
Q1 24
-23.4%
18.8%
EPS (diluted)
GSAT
GSAT
NRIM
NRIM
Q4 25
$-0.11
$-2.80
Q3 25
$-0.01
$1.20
Q2 25
$0.13
$2.09
Q1 25
$-0.16
$2.38
Q4 24
$-0.57
$-1.83
Q3 24
$0.00
$0.39
Q2 24
$-0.01
$1.62
Q1 24
$-0.01
$1.48

Balance Sheet & Financial Strength

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

Metric
GSAT
GSAT
NRIM
NRIM
Cash + ST InvestmentsLiquidity on hand
$447.5M
Total DebtLower is stronger
$483.8M
$12.8M
Stockholders' EquityBook value
$355.7M
$326.5M
Total Assets
$2.3B
$3.3B
Debt / EquityLower = less leverage
1.36×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
NRIM
NRIM
Q4 25
$447.5M
Q3 25
$346.3M
Q2 25
$308.2M
Q1 25
$241.4M
Q4 24
$391.2M
Q3 24
$51.9M
Q2 24
$64.3M
Q1 24
$59.3M
Total Debt
GSAT
GSAT
NRIM
NRIM
Q4 25
$483.8M
$12.8M
Q3 25
$508.6M
Q2 25
$491.5M
Q1 25
$502.7M
Q4 24
$511.4M
$23.0M
Q3 24
$394.4M
Q2 24
$393.1M
Q1 24
$398.7M
Stockholders' Equity
GSAT
GSAT
NRIM
NRIM
Q4 25
$355.7M
$326.5M
Q3 25
$364.8M
$315.7M
Q2 25
$360.9M
$290.2M
Q1 25
$344.3M
$279.8M
Q4 24
$358.9M
$267.1M
Q3 24
$394.1M
$260.1M
Q2 24
$383.0M
$247.2M
Q1 24
$377.1M
$239.3M
Total Assets
GSAT
GSAT
NRIM
NRIM
Q4 25
$2.3B
$3.3B
Q3 25
$2.2B
$3.3B
Q2 25
$1.9B
$3.2B
Q1 25
$1.7B
$3.1B
Q4 24
$1.7B
$3.0B
Q3 24
$917.6M
$3.0B
Q2 24
$926.2M
$2.8B
Q1 24
$917.0M
$2.8B
Debt / Equity
GSAT
GSAT
NRIM
NRIM
Q4 25
1.36×
0.04×
Q3 25
1.39×
Q2 25
1.36×
Q1 25
1.46×
Q4 24
1.43×
0.09×
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
NRIM
NRIM
Operating Cash FlowLast quarter
$175.9M
$139.3M
Free Cash FlowOCF − Capex
$133.9M
FCF MarginFCF / Revenue
218.9%
Capex IntensityCapex / Revenue
8.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$235.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSAT
GSAT
NRIM
NRIM
Q4 25
$175.9M
$139.3M
Q3 25
$236.0M
$92.7M
Q2 25
$157.9M
$-4.4M
Q1 25
$51.9M
$16.5M
Q4 24
$340.7M
$-8.7M
Q3 24
$32.0M
$-201.0K
Q2 24
$36.7M
$-38.5M
Q1 24
$29.8M
$-5.5M
Free Cash Flow
GSAT
GSAT
NRIM
NRIM
Q4 25
$133.9M
Q3 25
$89.9M
Q2 25
$-4.7M
Q1 25
$16.3M
Q4 24
$-9.3M
Q3 24
$-330.0K
Q2 24
$-39.4M
Q1 24
$-6.6M
FCF Margin
GSAT
GSAT
NRIM
NRIM
Q4 25
218.9%
Q3 25
116.5%
Q2 25
-7.7%
Q1 25
29.3%
Q4 24
-17.1%
Q3 24
-0.6%
Q2 24
-84.7%
Q1 24
-15.1%
Capex Intensity
GSAT
GSAT
NRIM
NRIM
Q4 25
8.9%
Q3 25
3.5%
Q2 25
0.5%
Q1 25
0.4%
Q4 24
1.1%
Q3 24
0.3%
Q2 24
1.9%
Q1 24
2.4%
Cash Conversion
GSAT
GSAT
NRIM
NRIM
Q4 25
Q3 25
216.53×
3.42×
Q2 25
8.22×
-0.37×
Q1 25
1.24×
Q4 24
Q3 24
3.23×
-0.02×
Q2 24
-4.27×
Q1 24
-0.68×

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%

NRIM
NRIM

Community Banking Segment$44.3M72%
Specialty Finance Segment$7.4M12%
Other$4.7M8%
Home Mortgage Lending Segment$3.6M6%
Credit And Debit Card$1.2M2%

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