vs
Side-by-side financial comparison of Globalstar, Inc. (GSAT) and P10, Inc. (PX). Click either name above to swap in a different company.
P10, Inc. is the larger business by last-quarter revenue ($81.0M vs $72.0M, roughly 1.1× Globalstar, Inc.). P10, Inc. runs the higher net margin — 11.7% vs -16.1%, a 27.8% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -4.7%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 10.7%).
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.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
GSAT vs PX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $81.0M |
| Net Profit | $-11.6M | $9.5M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | 31.9% |
| Net Margin | -16.1% | 11.7% |
| Revenue YoY | 17.6% | -4.7% |
| Net Profit YoY | 76.9% | 79.0% |
| EPS (diluted) | $-0.11 | $0.08 |
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 | $81.0M | ||
| Q3 25 | $73.8M | $75.9M | ||
| Q2 25 | $67.1M | $72.7M | ||
| Q1 25 | $60.0M | $67.7M | ||
| Q4 24 | $61.2M | $85.0M | ||
| Q3 24 | $72.3M | $74.2M | ||
| Q2 24 | $60.4M | $71.1M | ||
| Q1 24 | $56.5M | $66.1M |
| Q4 25 | $-11.6M | $9.5M | ||
| Q3 25 | $1.1M | $2.1M | ||
| Q2 25 | $19.2M | $3.4M | ||
| Q1 25 | $-17.3M | $4.5M | ||
| Q4 24 | $-50.2M | $5.3M | ||
| Q3 24 | $9.9M | $1.4M | ||
| Q2 24 | $-9.7M | $7.0M | ||
| Q1 24 | $-13.2M | $5.0M |
| Q4 25 | -0.5% | 31.9% | ||
| Q3 25 | 13.8% | 14.1% | ||
| Q2 25 | 9.2% | 24.4% | ||
| Q1 25 | -14.2% | 16.6% | ||
| Q4 24 | -6.9% | 26.9% | ||
| Q3 24 | 13.0% | 11.9% | ||
| Q2 24 | -2.4% | 23.7% | ||
| Q1 24 | -8.3% | 18.3% |
| Q4 25 | -16.1% | 11.7% | ||
| Q3 25 | 1.5% | 2.8% | ||
| Q2 25 | 28.6% | 4.7% | ||
| Q1 25 | -28.9% | 6.7% | ||
| Q4 24 | -82.1% | 6.2% | ||
| Q3 24 | 13.7% | 1.9% | ||
| Q2 24 | -16.0% | 9.8% | ||
| Q1 24 | -23.4% | 7.6% |
| Q4 25 | $-0.11 | $0.08 | ||
| Q3 25 | $-0.01 | $0.02 | ||
| Q2 25 | $0.13 | $0.03 | ||
| Q1 25 | $-0.16 | $0.04 | ||
| Q4 24 | $-0.57 | $0.05 | ||
| Q3 24 | $0.00 | $0.01 | ||
| Q2 24 | $-0.01 | $0.06 | ||
| Q1 24 | $-0.01 | $0.04 |
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 | $28.2M |
| Total DebtLower is stronger | $483.8M | $373.2M |
| Stockholders' EquityBook value | $355.7M | $403.5M |
| Total Assets | $2.3B | $928.3M |
| Debt / EquityLower = less leverage | 1.36× | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $28.2M | ||
| Q3 25 | $346.3M | $40.0M | ||
| Q2 25 | $308.2M | $33.4M | ||
| Q1 25 | $241.4M | $74.4M | ||
| Q4 24 | $391.2M | $67.5M | ||
| Q3 24 | $51.9M | $61.5M | ||
| Q2 24 | $64.3M | $31.2M | ||
| Q1 24 | $59.3M | $29.0M |
| Q4 25 | $483.8M | $373.2M | ||
| Q3 25 | $508.6M | $393.4M | ||
| Q2 25 | $491.5M | $373.0M | ||
| Q1 25 | $502.7M | $357.2M | ||
| Q4 24 | $511.4M | $319.8M | ||
| Q3 24 | $394.4M | $319.4M | ||
| Q2 24 | $393.1M | $300.6M | ||
| Q1 24 | $398.7M | $314.0M |
| Q4 25 | $355.7M | $403.5M | ||
| Q3 25 | $364.8M | $396.8M | ||
| Q2 25 | $360.9M | $388.9M | ||
| Q1 25 | $344.3M | $374.3M | ||
| Q4 24 | $358.9M | $386.9M | ||
| Q3 24 | $394.1M | $394.1M | ||
| Q2 24 | $383.0M | $396.9M | ||
| Q1 24 | $377.1M | $400.1M |
| Q4 25 | $2.3B | $928.3M | ||
| Q3 25 | $2.2B | $936.0M | ||
| Q2 25 | $1.9B | $932.2M | ||
| Q1 25 | $1.7B | $877.4M | ||
| Q4 24 | $1.7B | $869.3M | ||
| Q3 24 | $917.6M | $857.0M | ||
| Q2 24 | $926.2M | $823.2M | ||
| Q1 24 | $917.0M | $832.8M |
| Q4 25 | 1.36× | 0.93× | ||
| Q3 25 | 1.39× | 0.99× | ||
| Q2 25 | 1.36× | 0.96× | ||
| Q1 25 | 1.46× | 0.95× | ||
| Q4 24 | 1.43× | 0.83× | ||
| Q3 24 | 1.00× | 0.81× | ||
| Q2 24 | 1.03× | 0.76× | ||
| Q1 24 | 1.06× | 0.78× |
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 | $23.0M |
| Free Cash FlowOCF − Capex | — | $18.1M |
| FCF MarginFCF / Revenue | — | 22.3% |
| Capex IntensityCapex / Revenue | — | 6.0% |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $23.0M | ||
| Q3 25 | $236.0M | $-8.6M | ||
| Q2 25 | $157.9M | $13.4M | ||
| Q1 25 | $51.9M | $-4.7M | ||
| Q4 24 | $340.7M | $101.0M | ||
| Q3 24 | $32.0M | $27.5M | ||
| Q2 24 | $36.7M | $34.8M | ||
| Q1 24 | $29.8M | $11.0M |
| Q4 25 | — | $18.1M | ||
| Q3 25 | — | $-9.5M | ||
| Q2 25 | — | $11.6M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $25.2M | ||
| Q2 24 | — | $33.9M | ||
| Q1 24 | — | $10.7M |
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | -12.6% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | -8.9% | ||
| Q4 24 | — | 113.6% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 16.2% |
| Q4 25 | — | 6.0% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 2.43× | ||
| Q3 25 | 216.53× | -4.01× | ||
| Q2 25 | 8.22× | 3.96× | ||
| Q1 25 | — | -1.05× | ||
| Q4 24 | — | 19.12× | ||
| Q3 24 | 3.23× | 19.54× | ||
| Q2 24 | — | 4.98× | ||
| Q1 24 | — | 2.18× |
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% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
