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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and ThredUp Inc. (TDUP). Click either name above to swap in a different company.
ThredUp Inc. is the larger business by last-quarter revenue ($79.7M vs $72.0M, roughly 1.1× Globalstar, Inc.). ThredUp Inc. runs the higher net margin — -7.0% vs -16.1%, a 9.2% gap on every dollar of revenue. On growth, ThredUp Inc. posted the faster year-over-year revenue change (18.5% vs 17.6%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 11.1%).
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.
ThredUp Inc. is an American company that operates an online resale platform specializing in the sale of second-hand clothing, footwear, and accessories. Founded in 2009 and headquartered in Oakland, California, it has established itself as one of the leading resale fashion marketplaces.
GSAT vs TDUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $79.7M |
| Net Profit | $-11.6M | $-5.6M |
| Gross Margin | — | 79.6% |
| Operating Margin | -0.5% | -8.4% |
| Net Margin | -16.1% | -7.0% |
| Revenue YoY | 17.6% | 18.5% |
| Net Profit YoY | 76.9% | 74.3% |
| EPS (diluted) | $-0.11 | $-0.06 |
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 | $79.7M | ||
| Q3 25 | $73.8M | $82.2M | ||
| Q2 25 | $67.1M | $77.7M | ||
| Q1 25 | $60.0M | $71.3M | ||
| Q4 24 | $61.2M | $67.3M | ||
| Q3 24 | $72.3M | $61.5M | ||
| Q2 24 | $60.4M | $66.7M | ||
| Q1 24 | $56.5M | $64.5M |
| Q4 25 | $-11.6M | $-5.6M | ||
| Q3 25 | $1.1M | $-4.2M | ||
| Q2 25 | $19.2M | $-5.2M | ||
| Q1 25 | $-17.3M | $-5.2M | ||
| Q4 24 | $-50.2M | $-21.7M | ||
| Q3 24 | $9.9M | $-24.8M | ||
| Q2 24 | $-9.7M | $-14.0M | ||
| Q1 24 | $-13.2M | $-16.6M |
| Q4 25 | — | 79.6% | ||
| Q3 25 | — | 79.4% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 80.4% | ||
| Q3 24 | — | 79.3% | ||
| Q2 24 | — | 78.8% | ||
| Q1 24 | — | 80.1% |
| Q4 25 | -0.5% | -8.4% | ||
| Q3 25 | 13.8% | -5.3% | ||
| Q2 25 | 9.2% | -6.8% | ||
| Q1 25 | -14.2% | -7.6% | ||
| Q4 24 | -6.9% | -12.1% | ||
| Q3 24 | 13.0% | -17.0% | ||
| Q2 24 | -2.4% | -14.4% | ||
| Q1 24 | -8.3% | -19.2% |
| Q4 25 | -16.1% | -7.0% | ||
| Q3 25 | 1.5% | -5.2% | ||
| Q2 25 | 28.6% | -6.7% | ||
| Q1 25 | -28.9% | -7.3% | ||
| Q4 24 | -82.1% | -32.3% | ||
| Q3 24 | 13.7% | -40.3% | ||
| Q2 24 | -16.0% | -20.9% | ||
| Q1 24 | -23.4% | -25.7% |
| Q4 25 | $-0.11 | $-0.06 | ||
| Q3 25 | $-0.01 | $-0.03 | ||
| Q2 25 | $0.13 | $-0.04 | ||
| Q1 25 | $-0.16 | $-0.04 | ||
| Q4 24 | $-0.57 | $-0.19 | ||
| Q3 24 | $0.00 | $-0.22 | ||
| Q2 24 | $-0.01 | $-0.13 | ||
| Q1 24 | $-0.01 | $-0.15 |
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 | $38.6M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $59.2M |
| Total Assets | $2.3B | $167.2M |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $38.6M | ||
| Q3 25 | $346.3M | $46.2M | ||
| Q2 25 | $308.2M | $41.0M | ||
| Q1 25 | $241.4M | $41.1M | ||
| Q4 24 | $391.2M | $31.9M | ||
| Q3 24 | $51.9M | $43.7M | ||
| Q2 24 | $64.3M | $44.8M | ||
| Q1 24 | $59.3M | $50.1M |
| 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 24 | $398.7M | — |
| Q4 25 | $355.7M | $59.2M | ||
| Q3 25 | $364.8M | $59.1M | ||
| Q2 25 | $360.9M | $60.2M | ||
| Q1 25 | $344.3M | $56.1M | ||
| Q4 24 | $358.9M | $56.3M | ||
| Q3 24 | $394.1M | $69.3M | ||
| Q2 24 | $383.0M | $86.5M | ||
| Q1 24 | $377.1M | $93.5M |
| Q4 25 | $2.3B | $167.2M | ||
| Q3 25 | $2.2B | $172.5M | ||
| Q2 25 | $1.9B | $173.6M | ||
| Q1 25 | $1.7B | $172.5M | ||
| Q4 24 | $1.7B | $171.2M | ||
| Q3 24 | $917.6M | $214.9M | ||
| Q2 24 | $926.2M | $231.2M | ||
| Q1 24 | $917.0M | $244.3M |
| 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× | — |
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 | $-1.5M |
| Free Cash FlowOCF − Capex | — | $-3.2M |
| FCF MarginFCF / Revenue | — | -4.0% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $180.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $-1.5M | ||
| Q3 25 | $236.0M | $6.0M | ||
| Q2 25 | $157.9M | $344.0K | ||
| Q1 25 | $51.9M | $5.7M | ||
| Q4 24 | $340.7M | $663.0K | ||
| Q3 24 | $32.0M | $3.3M | ||
| Q2 24 | $36.7M | $-5.0M | ||
| Q1 24 | $29.8M | $1.4M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | — | $2.4M | ||
| Q2 25 | — | $-2.9M | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | — | $-1.8M | ||
| Q3 24 | — | $1.2M | ||
| Q2 24 | — | $-5.8M | ||
| Q1 24 | — | $267.0K |
| Q4 25 | — | -4.0% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -3.8% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | -2.7% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | -8.7% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | — | ||
| Q1 25 | — | — | ||
| 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
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
TDUP
Segment breakdown not available.
