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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and TELOS CORP (TLS). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $46.8M, roughly 1.5× TELOS CORP). Globalstar, Inc. runs the higher net margin — -16.1% vs -34.9%, a 18.7% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 17.6%). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% 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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
GSAT vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $46.8M |
| Net Profit | $-11.6M | $-16.3M |
| Gross Margin | — | 35.0% |
| Operating Margin | -0.5% | -39.6% |
| Net Margin | -16.1% | -34.9% |
| Revenue YoY | 17.6% | 77.4% |
| Net Profit YoY | 76.9% | -74.8% |
| EPS (diluted) | $-0.11 | $-0.22 |
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 | $46.8M | ||
| Q3 25 | $73.8M | $51.4M | ||
| Q2 25 | $67.1M | $36.0M | ||
| Q1 25 | $60.0M | $30.6M | ||
| Q4 24 | $61.2M | $26.4M | ||
| Q3 24 | $72.3M | $23.8M | ||
| Q2 24 | $60.4M | $28.5M | ||
| Q1 24 | $56.5M | $29.6M |
| Q4 25 | $-11.6M | $-16.3M | ||
| Q3 25 | $1.1M | $-2.1M | ||
| Q2 25 | $19.2M | $-9.5M | ||
| Q1 25 | $-17.3M | $-8.6M | ||
| Q4 24 | $-50.2M | $-9.3M | ||
| Q3 24 | $9.9M | $-28.1M | ||
| Q2 24 | $-9.7M | $-7.8M | ||
| Q1 24 | $-13.2M | $-7.4M |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | -0.5% | -39.6% | ||
| Q3 25 | 13.8% | -4.8% | ||
| Q2 25 | 9.2% | -27.5% | ||
| Q1 25 | -14.2% | -29.5% | ||
| Q4 24 | -6.9% | -37.6% | ||
| Q3 24 | 13.0% | -121.4% | ||
| Q2 24 | -2.4% | -30.3% | ||
| Q1 24 | -8.3% | -28.5% |
| Q4 25 | -16.1% | -34.9% | ||
| Q3 25 | 1.5% | -4.1% | ||
| Q2 25 | 28.6% | -26.5% | ||
| Q1 25 | -28.9% | -28.1% | ||
| Q4 24 | -82.1% | -35.4% | ||
| Q3 24 | 13.7% | -118.0% | ||
| Q2 24 | -16.0% | -27.2% | ||
| Q1 24 | -23.4% | -24.9% |
| Q4 25 | $-0.11 | $-0.22 | ||
| Q3 25 | $-0.01 | $-0.03 | ||
| Q2 25 | $0.13 | $-0.13 | ||
| Q1 25 | $-0.16 | $-0.12 | ||
| Q4 24 | $-0.57 | $-0.13 | ||
| Q3 24 | $0.00 | $-0.39 | ||
| Q2 24 | $-0.01 | $-0.11 | ||
| Q1 24 | $-0.01 | $-0.10 |
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 | $53.2M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $96.0M |
| Total Assets | $2.3B | $139.9M |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $53.2M | ||
| Q3 25 | $346.3M | $59.0M | ||
| Q2 25 | $308.2M | $57.0M | ||
| Q1 25 | $241.4M | $57.8M | ||
| Q4 24 | $391.2M | $54.6M | ||
| Q3 24 | $51.9M | $69.8M | ||
| Q2 24 | $64.3M | $80.1M | ||
| Q1 24 | $59.3M | $93.9M |
| 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 | $96.0M | ||
| Q3 25 | $364.8M | $119.7M | ||
| Q2 25 | $360.9M | $118.4M | ||
| Q1 25 | $344.3M | $126.1M | ||
| Q4 24 | $358.9M | $127.1M | ||
| Q3 24 | $394.1M | $129.5M | ||
| Q2 24 | $383.0M | $149.1M | ||
| Q1 24 | $377.1M | $154.4M |
| Q4 25 | $2.3B | $139.9M | ||
| Q3 25 | $2.2B | $164.3M | ||
| Q2 25 | $1.9B | $165.0M | ||
| Q1 25 | $1.7B | $158.1M | ||
| Q4 24 | $1.7B | $158.2M | ||
| Q3 24 | $917.6M | $166.3M | ||
| Q2 24 | $926.2M | $182.4M | ||
| Q1 24 | $917.0M | $195.4M |
| 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 | $8.0M |
| Free Cash FlowOCF − Capex | — | $8.0M |
| FCF MarginFCF / Revenue | — | 17.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $8.0M | ||
| Q3 25 | $236.0M | $9.1M | ||
| Q2 25 | $157.9M | $7.0M | ||
| Q1 25 | $51.9M | $6.1M | ||
| Q4 24 | $340.7M | $-10.5M | ||
| Q3 24 | $32.0M | $-7.1M | ||
| Q2 24 | $36.7M | $-8.0M | ||
| Q1 24 | $29.8M | $-350.0K |
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M | ||
| Q1 24 | — | $-447.0K |
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% | ||
| Q1 24 | — | -1.5% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.3% |
| 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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
