I am using a Mateksys GPS & COMPASS module M8Q-5883.
The module appears to be working (solid red power LED and flashing blue position fix LED).
I am not getting any gps NMEA 0183 sentences when I run either gpsmon or cgps -s in the terminal.
I am a newbie in this world so I have probably missed something in setup though I admit I have not found any instructions specific to the Pi5 (only Pi4 docs found).
I know nothing of Pi5, but plenty about GPS modules. The output of your module is serial TTY, A brief look at serial input to the Pi5 indicates it isn’t the same as the Pi4. The Pi5 can have multiple serial interfaces. This video may (or may not) help https://youtu.be/27p4XHE3iyw?feature=shared