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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and OneSpan Inc. (OSPN). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $65.9M, roughly 1.1× OneSpan Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs -16.1%, a 33.7% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 4.1%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 4.0%).
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.
OneSpan Inc. is an information security company based in Boston, Massachusetts. Services include an internet fraud prevention platform, multi-factor authentication tools and electronic signature software.
GSAT vs OSPN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $65.9M |
| Net Profit | $-11.6M | $11.6M |
| Gross Margin | — | 73.6% |
| Operating Margin | -0.5% | 22.5% |
| Net Margin | -16.1% | 17.5% |
| Revenue YoY | 17.6% | 4.1% |
| Net Profit YoY | 76.9% | — |
| EPS (diluted) | $-0.11 | $0.39 |
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.
| Q1 26 | — | $65.9M | ||
| Q4 25 | $72.0M | $62.9M | ||
| Q3 25 | $73.8M | $57.1M | ||
| Q2 25 | $67.1M | $59.8M | ||
| Q1 25 | $60.0M | $63.4M | ||
| Q4 24 | $61.2M | $61.2M | ||
| Q3 24 | $72.3M | $56.2M | ||
| Q2 24 | $60.4M | $60.9M |
| Q1 26 | — | $11.6M | ||
| Q4 25 | $-11.6M | $43.5M | ||
| Q3 25 | $1.1M | $6.5M | ||
| Q2 25 | $19.2M | $8.3M | ||
| Q1 25 | $-17.3M | $14.5M | ||
| Q4 24 | $-50.2M | $28.8M | ||
| Q3 24 | $9.9M | $8.3M | ||
| Q2 24 | $-9.7M | $6.6M |
| Q1 26 | — | 73.6% | ||
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 74.3% | ||
| Q4 24 | — | 74.0% | ||
| Q3 24 | — | 73.9% | ||
| Q2 24 | — | 66.2% |
| Q1 26 | — | 22.5% | ||
| Q4 25 | -0.5% | 19.9% | ||
| Q3 25 | 13.8% | 14.4% | ||
| Q2 25 | 9.2% | 17.6% | ||
| Q1 25 | -14.2% | 27.1% | ||
| Q4 24 | -6.9% | 19.3% | ||
| Q3 24 | 13.0% | 20.0% | ||
| Q2 24 | -2.4% | 12.5% |
| Q1 26 | — | 17.5% | ||
| Q4 25 | -16.1% | 69.2% | ||
| Q3 25 | 1.5% | 11.4% | ||
| Q2 25 | 28.6% | 13.9% | ||
| Q1 25 | -28.9% | 22.9% | ||
| Q4 24 | -82.1% | 47.1% | ||
| Q3 24 | 13.7% | 14.7% | ||
| Q2 24 | -16.0% | 10.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $-0.11 | $1.13 | ||
| Q3 25 | $-0.01 | $0.17 | ||
| Q2 25 | $0.13 | $0.21 | ||
| Q1 25 | $-0.16 | $0.37 | ||
| Q4 24 | $-0.57 | $0.73 | ||
| Q3 24 | $0.00 | $0.21 | ||
| Q2 24 | $-0.01 | $0.17 |
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 | $49.8M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $272.0M |
| Total Assets | $2.3B | $383.1M |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $49.8M | ||
| Q4 25 | $447.5M | $70.5M | ||
| Q3 25 | $346.3M | $85.6M | ||
| Q2 25 | $308.2M | $92.9M | ||
| Q1 25 | $241.4M | $105.2M | ||
| Q4 24 | $391.2M | $83.2M | ||
| Q3 24 | $51.9M | $77.5M | ||
| Q2 24 | $64.3M | $63.8M |
| Q1 26 | — | — | ||
| 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 26 | — | $272.0M | ||
| Q4 25 | $355.7M | $271.8M | ||
| Q3 25 | $364.8M | $238.3M | ||
| Q2 25 | $360.9M | $242.5M | ||
| Q1 25 | $344.3M | $231.1M | ||
| Q4 24 | $358.9M | $212.5M | ||
| Q3 24 | $394.1M | $194.6M | ||
| Q2 24 | $383.0M | $178.6M |
| Q1 26 | — | $383.1M | ||
| Q4 25 | $2.3B | $397.7M | ||
| Q3 25 | $2.2B | $343.5M | ||
| Q2 25 | $1.9B | $357.1M | ||
| Q1 25 | $1.7B | $333.8M | ||
| Q4 24 | $1.7B | $338.7M | ||
| Q3 24 | $917.6M | $289.3M | ||
| Q2 24 | $926.2M | $286.9M |
| Q1 26 | — | — | ||
| 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× | — |
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 | $28.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $28.2M | ||
| Q4 25 | $175.9M | $12.6M | ||
| Q3 25 | $236.0M | $11.3M | ||
| Q2 25 | $157.9M | $6.2M | ||
| Q1 25 | $51.9M | $29.4M | ||
| Q4 24 | $340.7M | $12.4M | ||
| Q3 24 | $32.0M | $14.0M | ||
| Q2 24 | $36.7M | $2.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $9.6M | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | — | $4.4M | ||
| Q1 25 | — | $27.7M | ||
| Q4 24 | — | $10.5M | ||
| Q3 24 | — | $12.0M | ||
| Q2 24 | — | $26.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 15.3% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | — | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | 3.7% |
| Q1 26 | — | 2.44× | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | 216.53× | 1.74× | ||
| Q2 25 | 8.22× | 0.75× | ||
| Q1 25 | — | 2.02× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | 3.23× | 1.69× | ||
| Q2 24 | — | 0.35× |
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% |
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
