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

Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $55.1M, roughly 1.3× SOUNDHOUND AI, INC.). SOUNDHOUND AI, INC. runs the higher net margin — 72.8% vs -16.1%, a 88.9% gap on every dollar of revenue. On growth, SOUNDHOUND AI, INC. posted the faster year-over-year revenue change (59.4% vs 17.6%). Over the past eight quarters, SOUNDHOUND AI, INC.'s revenue compounded faster (117.9% 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.

SoundHound AI, Inc. is an American music and speech recognition company based in Santa Clara, California. It was originally founded as Melodis in 2005 before rebranding to SoundHound Inc. in 2010, and SoundHound AI in 2022.

GSAT vs SOUN — Head-to-Head

Bigger by revenue
GSAT
GSAT
1.3× larger
GSAT
$72.0M
$55.1M
SOUN
Growing faster (revenue YoY)
SOUN
SOUN
+41.8% gap
SOUN
59.4%
17.6%
GSAT
Higher net margin
SOUN
SOUN
88.9% more per $
SOUN
72.8%
-16.1%
GSAT
Faster 2-yr revenue CAGR
SOUN
SOUN
Annualised
SOUN
117.9%
12.9%
GSAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GSAT
GSAT
SOUN
SOUN
Revenue
$72.0M
$55.1M
Net Profit
$-11.6M
$40.1M
Gross Margin
47.9%
Operating Margin
-0.5%
77.3%
Net Margin
-16.1%
72.8%
Revenue YoY
17.6%
59.4%
Net Profit YoY
76.9%
115.5%
EPS (diluted)
$-0.11
$-0.13

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
SOUN
SOUN
Q4 25
$72.0M
$55.1M
Q3 25
$73.8M
$42.0M
Q2 25
$67.1M
$42.7M
Q1 25
$60.0M
$29.1M
Q4 24
$61.2M
$34.5M
Q3 24
$72.3M
$25.1M
Q2 24
$60.4M
$13.5M
Q1 24
$56.5M
$11.6M
Net Profit
GSAT
GSAT
SOUN
SOUN
Q4 25
$-11.6M
$40.1M
Q3 25
$1.1M
$-109.3M
Q2 25
$19.2M
$-74.7M
Q1 25
$-17.3M
$129.9M
Q4 24
$-50.2M
$-258.6M
Q3 24
$9.9M
$-21.8M
Q2 24
$-9.7M
$-37.3M
Q1 24
$-13.2M
$-33.0M
Gross Margin
GSAT
GSAT
SOUN
SOUN
Q4 25
47.9%
Q3 25
42.6%
Q2 25
39.0%
Q1 25
36.5%
Q4 24
39.9%
Q3 24
48.6%
Q2 24
63.0%
Q1 24
59.7%
Operating Margin
GSAT
GSAT
SOUN
SOUN
Q4 25
-0.5%
77.3%
Q3 25
13.8%
-275.6%
Q2 25
9.2%
-182.9%
Q1 25
-14.2%
Q4 24
-6.9%
-744.2%
Q3 24
13.0%
-134.6%
Q2 24
-2.4%
-163.3%
Q1 24
-8.3%
-246.1%
Net Margin
GSAT
GSAT
SOUN
SOUN
Q4 25
-16.1%
72.8%
Q3 25
1.5%
-259.9%
Q2 25
28.6%
-175.1%
Q1 25
-28.9%
446.1%
Q4 24
-82.1%
-748.6%
Q3 24
13.7%
-86.7%
Q2 24
-16.0%
-277.2%
Q1 24
-23.4%
-284.7%
EPS (diluted)
GSAT
GSAT
SOUN
SOUN
Q4 25
$-0.11
$-0.13
Q3 25
$-0.01
$-0.27
Q2 25
$0.13
$-0.19
Q1 25
$-0.16
$0.31
Q4 24
$-0.57
$-0.75
Q3 24
$0.00
$-0.06
Q2 24
$-0.01
$-0.11
Q1 24
$-0.01
$-0.12

Balance Sheet & Financial Strength

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

Metric
GSAT
GSAT
SOUN
SOUN
Cash + ST InvestmentsLiquidity on hand
$447.5M
$248.5M
Total DebtLower is stronger
$483.8M
Stockholders' EquityBook value
$355.7M
$463.8M
Total Assets
$2.3B
$688.2M
Debt / EquityLower = less leverage
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
SOUN
SOUN
Q4 25
$447.5M
$248.5M
Q3 25
$346.3M
$268.9M
Q2 25
$308.2M
$230.3M
Q1 25
$241.4M
$245.8M
Q4 24
$391.2M
$198.2M
Q3 24
$51.9M
$135.6M
Q2 24
$64.3M
$200.2M
Q1 24
$59.3M
$211.7M
Total Debt
GSAT
GSAT
SOUN
SOUN
Q4 25
$483.8M
Q3 25
$508.6M
Q2 25
$491.5M
Q1 25
$502.7M
Q4 24
$511.4M
$0
Q3 24
$394.4M
Q2 24
$393.1M
Q1 24
$398.7M
$85.5M
Stockholders' Equity
GSAT
GSAT
SOUN
SOUN
Q4 25
$355.7M
$463.8M
Q3 25
$364.8M
$399.2M
Q2 25
$360.9M
$359.8M
Q1 25
$344.3M
$397.0M
Q4 24
$358.9M
$182.7M
Q3 24
$394.1M
$296.0M
Q2 24
$383.0M
$223.9M
Q1 24
$377.1M
$155.5M
Total Assets
GSAT
GSAT
SOUN
SOUN
Q4 25
$2.3B
$688.2M
Q3 25
$2.2B
$702.2M
Q2 25
$1.9B
$579.5M
Q1 25
$1.7B
$587.5M
Q4 24
$1.7B
$554.0M
Q3 24
$917.6M
$499.7M
Q2 24
$926.2M
$266.7M
Q1 24
$917.0M
$287.4M
Debt / Equity
GSAT
GSAT
SOUN
SOUN
Q4 25
1.36×
Q3 25
1.39×
Q2 25
1.36×
Q1 25
1.46×
Q4 24
1.43×
0.00×
Q3 24
1.00×
Q2 24
1.03×
Q1 24
1.06×
0.55×

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
SOUN
SOUN
Operating Cash FlowLast quarter
$175.9M
$-21.9M
Free Cash FlowOCF − Capex
$-22.3M
FCF MarginFCF / Revenue
-40.4%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
-0.55×
TTM Free Cash FlowTrailing 4 quarters
$-99.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSAT
GSAT
SOUN
SOUN
Q4 25
$175.9M
$-21.9M
Q3 25
$236.0M
$-32.7M
Q2 25
$157.9M
$-24.5M
Q1 25
$51.9M
$-19.2M
Q4 24
$340.7M
$-33.1M
Q3 24
$32.0M
$-35.3M
Q2 24
$36.7M
$-18.5M
Q1 24
$29.8M
$-21.9M
Free Cash Flow
GSAT
GSAT
SOUN
SOUN
Q4 25
$-22.3M
Q3 25
$-32.8M
Q2 25
$-24.7M
Q1 25
$-19.3M
Q4 24
$-33.2M
Q3 24
$-35.5M
Q2 24
$-18.7M
Q1 24
$-22.0M
FCF Margin
GSAT
GSAT
SOUN
SOUN
Q4 25
-40.4%
Q3 25
-78.1%
Q2 25
-57.8%
Q1 25
-66.4%
Q4 24
-96.1%
Q3 24
-141.6%
Q2 24
-139.1%
Q1 24
-190.2%
Capex Intensity
GSAT
GSAT
SOUN
SOUN
Q4 25
0.7%
Q3 25
0.4%
Q2 25
0.4%
Q1 25
0.6%
Q4 24
0.2%
Q3 24
0.9%
Q2 24
1.8%
Q1 24
0.9%
Cash Conversion
GSAT
GSAT
SOUN
SOUN
Q4 25
-0.55×
Q3 25
216.53×
Q2 25
8.22×
Q1 25
-0.15×
Q4 24
Q3 24
3.23×
Q2 24
Q1 24

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%

SOUN
SOUN

Hosted Services$37.7M68%
Licensing$12.6M23%
Professional Service$4.6M8%

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