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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $53.8M, roughly 1.3× SMARTFINANCIAL INC.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs -16.1%, a 41.6% gap on every dollar of revenue. Over the past eight quarters, SMARTFINANCIAL INC.'s revenue compounded faster (15.4% 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.
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
GSAT vs SMBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $53.8M |
| Net Profit | $-11.6M | $13.7M |
| Gross Margin | — | — |
| Operating Margin | -0.5% | — |
| Net Margin | -16.1% | 25.4% |
| Revenue YoY | 17.6% | — |
| Net Profit YoY | 76.9% | 21.6% |
| EPS (diluted) | $-0.11 | $0.81 |
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 | — | $53.8M | ||
| Q4 25 | $72.0M | $53.3M | ||
| Q3 25 | $73.8M | $51.1M | ||
| Q2 25 | $67.1M | $49.2M | ||
| Q1 25 | $60.0M | $46.8M | ||
| Q4 24 | $61.2M | $46.8M | ||
| Q3 24 | $72.3M | $44.2M | ||
| Q2 24 | $60.4M | $40.4M |
| Q1 26 | — | $13.7M | ||
| Q4 25 | $-11.6M | $13.7M | ||
| Q3 25 | $1.1M | $13.7M | ||
| Q2 25 | $19.2M | $11.7M | ||
| Q1 25 | $-17.3M | $11.3M | ||
| Q4 24 | $-50.2M | $9.6M | ||
| Q3 24 | $9.9M | $9.1M | ||
| Q2 24 | $-9.7M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | 31.3% | ||
| Q3 25 | 13.8% | 33.2% | ||
| Q2 25 | 9.2% | 29.0% | ||
| Q1 25 | -14.2% | 29.0% | ||
| Q4 24 | -6.9% | 26.5% | ||
| Q3 24 | 13.0% | 24.3% | ||
| Q2 24 | -2.4% | 25.6% |
| Q1 26 | — | 25.4% | ||
| Q4 25 | -16.1% | 25.7% | ||
| Q3 25 | 1.5% | 26.8% | ||
| Q2 25 | 28.6% | 23.8% | ||
| Q1 25 | -28.9% | 24.0% | ||
| Q4 24 | -82.1% | 20.6% | ||
| Q3 24 | 13.7% | 20.7% | ||
| Q2 24 | -16.0% | 19.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $-0.11 | $0.81 | ||
| Q3 25 | $-0.01 | $0.81 | ||
| Q2 25 | $0.13 | $0.69 | ||
| Q1 25 | $-0.16 | $0.67 | ||
| Q4 24 | $-0.57 | $0.57 | ||
| Q3 24 | $0.00 | $0.54 | ||
| Q2 24 | $-0.01 | $0.48 |
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 | $346.1M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $562.2M |
| Total Assets | $2.3B | $5.9B |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $346.1M | ||
| Q4 25 | $447.5M | $464.4M | ||
| Q3 25 | $346.3M | $557.1M | ||
| Q2 25 | $308.2M | $365.1M | ||
| Q1 25 | $241.4M | $423.0M | ||
| Q4 24 | $391.2M | $387.6M | ||
| Q3 24 | $51.9M | $192.9M | ||
| Q2 24 | $64.3M | $342.8M |
| Q1 26 | — | — | ||
| Q4 25 | $483.8M | — | ||
| Q3 25 | $508.6M | $1.3M | ||
| Q2 25 | $491.5M | $7.0M | ||
| Q1 25 | $502.7M | $7.6M | ||
| Q4 24 | $511.4M | $8.1M | ||
| Q3 24 | $394.4M | $9.0M | ||
| Q2 24 | $393.1M | $12.7M |
| Q1 26 | — | $562.2M | ||
| Q4 25 | $355.7M | $552.4M | ||
| Q3 25 | $364.8M | $538.4M | ||
| Q2 25 | $360.9M | $519.0M | ||
| Q1 25 | $344.3M | $505.8M | ||
| Q4 24 | $358.9M | $491.3M | ||
| Q3 24 | $394.1M | $489.0M | ||
| Q2 24 | $383.0M | $472.5M |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $2.3B | $5.9B | ||
| Q3 25 | $2.2B | $5.8B | ||
| Q2 25 | $1.9B | $5.5B | ||
| Q1 25 | $1.7B | $5.4B | ||
| Q4 24 | $1.7B | $5.3B | ||
| Q3 24 | $917.6M | $4.9B | ||
| Q2 24 | $926.2M | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.39× | 0.00× | ||
| Q2 25 | 1.36× | 0.01× | ||
| Q1 25 | 1.46× | 0.02× | ||
| Q4 24 | 1.43× | 0.02× | ||
| Q3 24 | 1.00× | 0.02× | ||
| Q2 24 | 1.03× | 0.03× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $175.9M | $61.7M | ||
| Q3 25 | $236.0M | $16.9M | ||
| Q2 25 | $157.9M | $14.0M | ||
| Q1 25 | $51.9M | $14.3M | ||
| Q4 24 | $340.7M | $52.7M | ||
| Q3 24 | $32.0M | $12.4M | ||
| Q2 24 | $36.7M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $59.3M | ||
| Q3 25 | — | $16.6M | ||
| Q2 25 | — | $13.2M | ||
| Q1 25 | — | $13.4M | ||
| Q4 24 | — | $46.3M | ||
| Q3 24 | — | $11.3M | ||
| Q2 24 | — | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 111.3% | ||
| Q3 25 | — | 32.4% | ||
| Q2 25 | — | 26.9% | ||
| Q1 25 | — | 28.5% | ||
| Q4 24 | — | 98.9% | ||
| Q3 24 | — | 25.7% | ||
| Q2 24 | — | 38.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.5% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.50× | ||
| Q3 25 | 216.53× | 1.23× | ||
| Q2 25 | 8.22× | 1.20× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 5.47× | ||
| Q3 24 | 3.23× | 1.36× | ||
| Q2 24 | — | 2.07× |
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% |
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
