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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and BRAND HOUSE COLLECTIVE, INC. (TBHC). Click either name above to swap in a different company.
BRAND HOUSE COLLECTIVE, INC. is the larger business by last-quarter revenue ($103.5M vs $72.0M, roughly 1.4× Globalstar, Inc.). BRAND HOUSE COLLECTIVE, INC. runs the higher net margin — -3.6% vs -16.1%, a 12.6% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -9.6%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -21.0%).
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.
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
GSAT vs TBHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $103.5M |
| Net Profit | $-11.6M | $-3.7M |
| Gross Margin | — | 20.4% |
| Operating Margin | -0.5% | -1.9% |
| Net Margin | -16.1% | -3.6% |
| Revenue YoY | 17.6% | -9.6% |
| Net Profit YoY | 76.9% | 51.8% |
| EPS (diluted) | $-0.11 | $-0.16 |
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 | $103.5M | ||
| Q3 25 | $73.8M | $75.8M | ||
| Q2 25 | $67.1M | $81.5M | ||
| Q1 25 | $60.0M | $148.9M | ||
| Q4 24 | $61.2M | $114.4M | ||
| Q3 24 | $72.3M | $86.3M | ||
| Q2 24 | $60.4M | $91.8M | ||
| Q1 24 | $56.5M | $165.9M |
| Q4 25 | $-11.6M | $-3.7M | ||
| Q3 25 | $1.1M | $-20.2M | ||
| Q2 25 | $19.2M | $-11.8M | ||
| Q1 25 | $-17.3M | $7.9M | ||
| Q4 24 | $-50.2M | $-7.7M | ||
| Q3 24 | $9.9M | $-14.5M | ||
| Q2 24 | $-9.7M | $-8.8M | ||
| Q1 24 | $-13.2M | $10.1M |
| Q4 25 | — | 20.4% | ||
| Q3 25 | — | 16.3% | ||
| Q2 25 | — | 24.9% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | — | 20.5% | ||
| Q2 24 | — | 29.5% | ||
| Q1 24 | — | 32.0% |
| Q4 25 | -0.5% | -1.9% | ||
| Q3 25 | 13.8% | -24.7% | ||
| Q2 25 | 9.2% | -12.9% | ||
| Q1 25 | -14.2% | 6.2% | ||
| Q4 24 | -6.9% | -2.1% | ||
| Q3 24 | 13.0% | -15.4% | ||
| Q2 24 | -2.4% | -8.2% | ||
| Q1 24 | -8.3% | 6.4% |
| Q4 25 | -16.1% | -3.6% | ||
| Q3 25 | 1.5% | -26.6% | ||
| Q2 25 | 28.6% | -14.5% | ||
| Q1 25 | -28.9% | 5.3% | ||
| Q4 24 | -82.1% | -6.7% | ||
| Q3 24 | 13.7% | -16.8% | ||
| Q2 24 | -16.0% | -9.6% | ||
| Q1 24 | -23.4% | 6.1% |
| Q4 25 | $-0.11 | $-0.16 | ||
| Q3 25 | $-0.01 | $-0.90 | ||
| Q2 25 | $0.13 | $-0.54 | ||
| Q1 25 | $-0.16 | $0.61 | ||
| Q4 24 | $-0.57 | $-0.59 | ||
| Q3 24 | $0.00 | $-1.11 | ||
| Q2 24 | $-0.01 | $-0.68 | ||
| Q1 24 | $-0.01 | $0.80 |
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 | $6.5M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $-44.0M |
| Total Assets | $2.3B | $229.2M |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $6.5M | ||
| Q3 25 | $346.3M | $3.6M | ||
| Q2 25 | $308.2M | $3.5M | ||
| Q1 25 | $241.4M | $3.8M | ||
| Q4 24 | $391.2M | $6.8M | ||
| Q3 24 | $51.9M | $4.5M | ||
| Q2 24 | $64.3M | $3.8M | ||
| Q1 24 | $59.3M | $3.8M |
| Q4 25 | $483.8M | — | ||
| Q3 25 | $508.6M | — | ||
| Q2 25 | $491.5M | — | ||
| Q1 25 | $502.7M | $64.0M | ||
| Q4 24 | $511.4M | $85.8M | ||
| Q3 24 | $394.4M | $61.4M | ||
| Q2 24 | $393.1M | $47.5M | ||
| Q1 24 | $398.7M | $34.0M |
| Q4 25 | $355.7M | $-44.0M | ||
| Q3 25 | $364.8M | $-35.2M | ||
| Q2 25 | $360.9M | $-16.2M | ||
| Q1 25 | $344.3M | $-19.0M | ||
| Q4 24 | $358.9M | $-27.1M | ||
| Q3 24 | $394.1M | $-19.7M | ||
| Q2 24 | $383.0M | $-5.5M | ||
| Q1 24 | $377.1M | $3.1M |
| Q4 25 | $2.3B | $229.2M | ||
| Q3 25 | $2.2B | $221.9M | ||
| Q2 25 | $1.9B | $225.4M | ||
| Q1 25 | $1.7B | $242.2M | ||
| Q4 24 | $1.7B | $279.8M | ||
| Q3 24 | $917.6M | $266.2M | ||
| Q2 24 | $926.2M | $242.6M | ||
| Q1 24 | $917.0M | $250.6M |
| 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× | — | ||
| Q1 24 | 1.06× | 10.88× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | — | $-26.8M |
| FCF MarginFCF / Revenue | — | -25.9% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-18.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $-25.9M | ||
| Q3 25 | $236.0M | $-7.0M | ||
| Q2 25 | $157.9M | $-3.1M | ||
| Q1 25 | $51.9M | $19.8M | ||
| Q4 24 | $340.7M | $-12.6M | ||
| Q3 24 | $32.0M | $-12.7M | ||
| Q2 24 | $36.7M | $-13.7M | ||
| Q1 24 | $29.8M | $28.2M |
| Q4 25 | — | $-26.8M | ||
| Q3 25 | — | $-7.4M | ||
| Q2 25 | — | $-3.6M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | — | $-13.1M | ||
| Q3 24 | — | $-13.2M | ||
| Q2 24 | — | $-14.4M | ||
| Q1 24 | — | $26.7M |
| Q4 25 | — | -25.9% | ||
| Q3 25 | — | -9.8% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | 12.8% | ||
| Q4 24 | — | -11.5% | ||
| Q3 24 | — | -15.2% | ||
| Q2 24 | — | -15.7% | ||
| Q1 24 | — | 16.1% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | — | ||
| Q1 25 | — | 2.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.79× |
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% |
TBHC
Segment breakdown not available.
