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Side-by-side financial comparison of Globalstar, Inc. (GSAT) and Zevia PBC (ZVIA). Click either name above to swap in a different company.

Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $37.9M, roughly 1.9× Zevia PBC). Zevia PBC runs the higher net margin — -3.4% vs -16.1%, a 12.7% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -4.0%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs -1.2%).

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.

Zevia is a Los Angeles based company that produces soft drinks, organic tea, energy drinks, and mixers sweetened with stevia. All Zevia products are zero-calorie, sugar-free, gluten free, vegan, certified kosher, and certified by The Non-GMO Project. In June 2021, Zevia filed to go public with an IPO.

GSAT vs ZVIA — Head-to-Head

Bigger by revenue
GSAT
GSAT
1.9× larger
GSAT
$72.0M
$37.9M
ZVIA
Growing faster (revenue YoY)
GSAT
GSAT
+21.7% gap
GSAT
17.6%
-4.0%
ZVIA
Higher net margin
ZVIA
ZVIA
12.7% more per $
ZVIA
-3.4%
-16.1%
GSAT
Faster 2-yr revenue CAGR
GSAT
GSAT
Annualised
GSAT
12.9%
-1.2%
ZVIA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GSAT
GSAT
ZVIA
ZVIA
Revenue
$72.0M
$37.9M
Net Profit
$-11.6M
$-1.3M
Gross Margin
47.7%
Operating Margin
-0.5%
-4.0%
Net Margin
-16.1%
-3.4%
Revenue YoY
17.6%
-4.0%
Net Profit YoY
76.9%
80.9%
EPS (diluted)
$-0.11
$-0.02

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
ZVIA
ZVIA
Q4 25
$72.0M
$37.9M
Q3 25
$73.8M
$40.8M
Q2 25
$67.1M
$44.5M
Q1 25
$60.0M
$38.0M
Q4 24
$61.2M
$39.5M
Q3 24
$72.3M
$36.4M
Q2 24
$60.4M
$40.4M
Q1 24
$56.5M
$38.8M
Net Profit
GSAT
GSAT
ZVIA
ZVIA
Q4 25
$-11.6M
$-1.3M
Q3 25
$1.1M
$-2.7M
Q2 25
$19.2M
$-651.0K
Q1 25
$-17.3M
$-6.4M
Q4 24
$-50.2M
$-6.8M
Q3 24
$9.9M
$-2.5M
Q2 24
$-9.7M
$-7.0M
Q1 24
$-13.2M
$-7.2M
Gross Margin
GSAT
GSAT
ZVIA
ZVIA
Q4 25
47.7%
Q3 25
45.6%
Q2 25
48.7%
Q1 25
50.1%
Q4 24
49.2%
Q3 24
49.1%
Q2 24
41.9%
Q1 24
45.7%
Operating Margin
GSAT
GSAT
ZVIA
ZVIA
Q4 25
-0.5%
-4.0%
Q3 25
13.8%
-7.0%
Q2 25
9.2%
-2.3%
Q1 25
-14.2%
-16.8%
Q4 24
-6.9%
-16.1%
Q3 24
13.0%
-8.2%
Q2 24
-2.4%
-17.5%
Q1 24
-8.3%
-18.8%
Net Margin
GSAT
GSAT
ZVIA
ZVIA
Q4 25
-16.1%
-3.4%
Q3 25
1.5%
-6.6%
Q2 25
28.6%
-1.5%
Q1 25
-28.9%
-16.8%
Q4 24
-82.1%
-17.2%
Q3 24
13.7%
-6.9%
Q2 24
-16.0%
-17.2%
Q1 24
-23.4%
-18.6%
EPS (diluted)
GSAT
GSAT
ZVIA
ZVIA
Q4 25
$-0.11
$-0.02
Q3 25
$-0.01
$-0.04
Q2 25
$0.13
$-0.01
Q1 25
$-0.16
$-0.08
Q4 24
$-0.57
$-0.10
Q3 24
$0.00
$-0.04
Q2 24
$-0.01
$-0.10
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
GSAT
GSAT
ZVIA
ZVIA
Cash + ST InvestmentsLiquidity on hand
$447.5M
$25.4M
Total DebtLower is stronger
$483.8M
Stockholders' EquityBook value
$355.7M
$51.0M
Total Assets
$2.3B
$63.6M
Debt / EquityLower = less leverage
1.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSAT
GSAT
ZVIA
ZVIA
Q4 25
$447.5M
$25.4M
Q3 25
$346.3M
$26.0M
Q2 25
$308.2M
Q1 25
$241.4M
Q4 24
$391.2M
$30.7M
Q3 24
$51.9M
Q2 24
$64.3M
Q1 24
$59.3M
Total Debt
GSAT
GSAT
ZVIA
ZVIA
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
Stockholders' Equity
GSAT
GSAT
ZVIA
ZVIA
Q4 25
$355.7M
$51.0M
Q3 25
$364.8M
$51.3M
Q2 25
$360.9M
$53.0M
Q1 25
$344.3M
$53.7M
Q4 24
$358.9M
$64.9M
Q3 24
$394.1M
$72.5M
Q2 24
$383.0M
$75.0M
Q1 24
$377.1M
$80.3M
Total Assets
GSAT
GSAT
ZVIA
ZVIA
Q4 25
$2.3B
$63.6M
Q3 25
$2.2B
$60.0M
Q2 25
$1.9B
$62.5M
Q1 25
$1.7B
$62.0M
Q4 24
$1.7B
$68.0M
Q3 24
$917.6M
$72.9M
Q2 24
$926.2M
$72.8M
Q1 24
$917.0M
$85.1M
Debt / Equity
GSAT
GSAT
ZVIA
ZVIA
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
GSAT
GSAT
ZVIA
ZVIA
Operating Cash FlowLast quarter
$175.9M
$-507.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GSAT
GSAT
ZVIA
ZVIA
Q4 25
$175.9M
$-507.0K
Q3 25
$236.0M
$116.0K
Q2 25
$157.9M
$-1.4M
Q1 25
$51.9M
$-2.9M
Q4 24
$340.7M
$-2.0M
Q3 24
$32.0M
$3.9M
Q2 24
$36.7M
$282.0K
Q1 24
$29.8M
$-3.2M
Cash Conversion
GSAT
GSAT
ZVIA
ZVIA
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
GSAT

Services$67.4M94%
Products$4.6M6%

ZVIA
ZVIA

Segment breakdown not available.

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