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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $72.0M, roughly 1.2× Globalstar, Inc.). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs -16.1%, a 19.3% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 6.2%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 6.3%).
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.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
GSAT vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $85.1M |
| Net Profit | $-11.6M | $2.7M |
| Gross Margin | — | 49.2% |
| Operating Margin | -0.5% | 6.4% |
| Net Margin | -16.1% | 3.2% |
| Revenue YoY | 17.6% | 6.2% |
| Net Profit YoY | 76.9% | -37.3% |
| EPS (diluted) | $-0.11 | $0.21 |
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 | $85.1M | ||
| Q3 25 | $73.8M | $73.2M | ||
| Q2 25 | $67.1M | $57.9M | ||
| Q1 25 | $60.0M | $80.0M | ||
| Q4 24 | $61.2M | $80.2M | ||
| Q3 24 | $72.3M | $74.2M | ||
| Q2 24 | $60.4M | $59.2M | ||
| Q1 24 | $56.5M | $75.3M |
| Q4 25 | $-11.6M | $2.7M | ||
| Q3 25 | $1.1M | $12.1M | ||
| Q2 25 | $19.2M | $-4.8M | ||
| Q1 25 | $-17.3M | $-28.3M | ||
| Q4 24 | $-50.2M | $4.3M | ||
| Q3 24 | $9.9M | $569.0K | ||
| Q2 24 | $-9.7M | $4.4M | ||
| Q1 24 | $-13.2M | $-4.7M |
| Q4 25 | — | 49.2% | ||
| Q3 25 | — | 50.4% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 50.0% | ||
| Q3 24 | — | 47.4% | ||
| Q2 24 | — | 50.6% | ||
| Q1 24 | — | 45.4% |
| Q4 25 | -0.5% | 6.4% | ||
| Q3 25 | 13.8% | 15.2% | ||
| Q2 25 | 9.2% | -7.7% | ||
| Q1 25 | -14.2% | -37.1% | ||
| Q4 24 | -6.9% | 7.2% | ||
| Q3 24 | 13.0% | 1.5% | ||
| Q2 24 | -2.4% | 9.5% | ||
| Q1 24 | -8.3% | -2.2% |
| Q4 25 | -16.1% | 3.2% | ||
| Q3 25 | 1.5% | 16.5% | ||
| Q2 25 | 28.6% | -8.3% | ||
| Q1 25 | -28.9% | -35.5% | ||
| Q4 24 | -82.1% | 5.4% | ||
| Q3 24 | 13.7% | 0.8% | ||
| Q2 24 | -16.0% | 7.4% | ||
| Q1 24 | -23.4% | -6.2% |
| Q4 25 | $-0.11 | $0.21 | ||
| Q3 25 | $-0.01 | $0.93 | ||
| Q2 25 | $0.13 | $-0.37 | ||
| Q1 25 | $-0.16 | $-2.25 | ||
| Q4 24 | $-0.57 | $0.34 | ||
| Q3 24 | $0.00 | $0.05 | ||
| Q2 24 | $-0.01 | $0.35 | ||
| Q1 24 | $-0.01 | $-0.37 |
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 | $1.1M |
| Total DebtLower is stronger | $483.8M | — |
| Stockholders' EquityBook value | $355.7M | $53.4M |
| Total Assets | $2.3B | $246.0M |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $447.5M | $1.1M | ||
| Q3 25 | $346.3M | $777.0K | ||
| Q2 25 | $308.2M | $2.6M | ||
| Q1 25 | $241.4M | $607.0K | ||
| Q4 24 | $391.2M | $892.0K | ||
| Q3 24 | $51.9M | $711.0K | ||
| Q2 24 | $64.3M | $739.0K | ||
| Q1 24 | $59.3M | $357.0K |
| 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 | $53.4M | ||
| Q3 25 | $364.8M | $49.3M | ||
| Q2 25 | $360.9M | $37.2M | ||
| Q1 25 | $344.3M | $41.8M | ||
| Q4 24 | $358.9M | $57.1M | ||
| Q3 24 | $394.1M | $52.4M | ||
| Q2 24 | $383.0M | $51.7M | ||
| Q1 24 | $377.1M | $47.2M |
| Q4 25 | $2.3B | $246.0M | ||
| Q3 25 | $2.2B | $239.0M | ||
| Q2 25 | $1.9B | $218.0M | ||
| Q1 25 | $1.7B | $222.7M | ||
| Q4 24 | $1.7B | $254.7M | ||
| Q3 24 | $917.6M | $253.6M | ||
| Q2 24 | $926.2M | $223.1M | ||
| Q1 24 | $917.0M | $225.1M |
| 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 | $-5.1M |
| Free Cash FlowOCF − Capex | — | $-5.7M |
| FCF MarginFCF / Revenue | — | -6.7% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.9M | $-5.1M | ||
| Q3 25 | $236.0M | $4.2M | ||
| Q2 25 | $157.9M | $-11.8M | ||
| Q1 25 | $51.9M | $22.7M | ||
| Q4 24 | $340.7M | $6.4M | ||
| Q3 24 | $32.0M | $-3.2M | ||
| Q2 24 | $36.7M | $-3.9M | ||
| Q1 24 | $29.8M | $14.8M |
| Q4 25 | — | $-5.7M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $-13.2M | ||
| Q1 25 | — | $21.2M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $-4.6M | ||
| Q1 24 | — | $14.2M |
| Q4 25 | — | -6.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -22.9% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | -5.2% | ||
| Q2 24 | — | -7.8% | ||
| Q1 24 | — | 18.9% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | — | -1.86× | ||
| Q3 25 | 216.53× | 0.35× | ||
| Q2 25 | 8.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 3.23× | -5.61× | ||
| Q2 24 | — | -0.89× | ||
| 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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
