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Side-by-side financial comparison of ATLANTIC AMERICAN CORP (AAME) and iQSTEL Inc (IQST). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $53.8M, roughly 1.6× ATLANTIC AMERICAN CORP). ATLANTIC AMERICAN CORP runs the higher net margin — 1.1% vs -3.2%, a 4.3% gap on every dollar of revenue. On growth, ATLANTIC AMERICAN CORP posted the faster year-over-year revenue change (20.8% vs -14.9%). ATLANTIC AMERICAN CORP produced more free cash flow last quarter ($6.6M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 7.2%).
The Atlantic Telegraph Company was a company formed on 6 November 1856 to undertake and exploit a commercial telegraph cable across the Atlantic Ocean, the first such telecommunications link.
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
AAME vs IQST — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $53.8M | $84.2M |
| Net Profit | $577.0K | $-2.7M |
| Gross Margin | — | 3.5% |
| Operating Margin | 1.4% | -2.9% |
| Net Margin | 1.1% | -3.2% |
| Revenue YoY | 20.8% | -14.9% |
| Net Profit YoY | 128.9% | -44.5% |
| EPS (diluted) | $0.02 | $-0.92 |
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 | — | $84.2M | ||
| Q3 25 | $53.8M | $102.9M | ||
| Q2 25 | $55.3M | $72.2M | ||
| Q1 25 | $50.1M | $57.6M | ||
| Q4 24 | $49.0M | $98.9M | ||
| Q3 24 | $44.5M | $54.2M | ||
| Q2 24 | $47.7M | $78.6M | ||
| Q1 24 | $47.0M | $51.4M |
| Q4 25 | — | $-2.7M | ||
| Q3 25 | $577.0K | $-2.3M | ||
| Q2 25 | $3.3M | $-2.3M | ||
| Q1 25 | $802.0K | $-1.1M | ||
| Q4 24 | $412.0K | $-1.9M | ||
| Q3 24 | $-2.0M | $-773.0K | ||
| Q2 24 | $-684.0K | $-2.0M | ||
| Q1 24 | $-2.0M | $-580.2K |
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | — | -2.9% | ||
| Q3 25 | 1.4% | -0.5% | ||
| Q2 25 | 7.6% | -0.9% | ||
| Q1 25 | 2.1% | -1.0% | ||
| Q4 24 | 1.1% | -0.3% | ||
| Q3 24 | -5.5% | -0.1% | ||
| Q2 24 | -1.8% | -0.4% | ||
| Q1 24 | -5.3% | -0.4% |
| Q4 25 | — | -3.2% | ||
| Q3 25 | 1.1% | -2.3% | ||
| Q2 25 | 6.0% | -3.3% | ||
| Q1 25 | 1.6% | -2.0% | ||
| Q4 24 | 0.8% | -1.9% | ||
| Q3 24 | -4.5% | -1.4% | ||
| Q2 24 | -1.4% | -2.5% | ||
| Q1 24 | -4.3% | -1.1% |
| Q4 25 | — | $-0.92 | ||
| Q3 25 | $0.02 | $-0.68 | ||
| Q2 25 | $0.15 | $-0.82 | ||
| Q1 25 | $0.03 | $-0.44 | ||
| Q4 24 | $0.01 | $-1.19 | ||
| Q3 24 | $-0.10 | $-0.40 | ||
| Q2 24 | $-0.04 | $-0.90 | ||
| Q1 24 | $-0.10 | $-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 | $34.4M | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $109.5M | $16.3M |
| Total Assets | $430.9M | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.2M | ||
| Q3 25 | $34.4M | $2.3M | ||
| Q2 25 | $46.4M | $2.0M | ||
| Q1 25 | $35.9M | $1.1M | ||
| Q4 24 | $35.6M | $2.5M | ||
| Q3 24 | $23.0M | $2.1M | ||
| Q2 24 | $21.2M | $797.2K | ||
| Q1 24 | $21.2M | $2.7M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $4.5M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $194.0K |
| Q4 25 | — | $16.3M | ||
| Q3 25 | $109.5M | $17.9M | ||
| Q2 25 | $106.2M | $14.3M | ||
| Q1 25 | $102.4M | $11.6M | ||
| Q4 24 | $99.6M | $11.9M | ||
| Q3 24 | $105.8M | $8.1M | ||
| Q2 24 | $100.7M | $7.6M | ||
| Q1 24 | $102.8M | $8.4M |
| Q4 25 | — | $51.1M | ||
| Q3 25 | $430.9M | $46.9M | ||
| Q2 25 | $429.3M | $51.4M | ||
| Q1 25 | $388.4M | $42.0M | ||
| Q4 24 | $393.4M | $79.0M | ||
| Q3 24 | $387.0M | $32.4M | ||
| Q2 24 | $386.0M | $30.0M | ||
| Q1 24 | $365.8M | $22.1M |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 0.02× |
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 | $6.6M | $-1.2M |
| Free Cash FlowOCF − Capex | $6.6M | $-1.2M |
| FCF MarginFCF / Revenue | 12.3% | -1.5% |
| Capex IntensityCapex / Revenue | 0.1% | 0.0% |
| Cash ConversionOCF / Net Profit | 11.51× | — |
| TTM Free Cash FlowTrailing 4 quarters | $19.3M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.2M | ||
| Q3 25 | $6.6M | $-953.0K | ||
| Q2 25 | $9.3M | $257.7K | ||
| Q1 25 | $-722.0K | $-1.9M | ||
| Q4 24 | $4.8M | $-403.7K | ||
| Q3 24 | $90.0K | $625.0K | ||
| Q2 24 | $416.0K | $-2.6M | ||
| Q1 24 | $-5.3M | $-536.9K |
| Q4 25 | — | $-1.2M | ||
| Q3 25 | $6.6M | $-969.2K | ||
| Q2 25 | $9.1M | $211.7K | ||
| Q1 25 | $-986.0K | $-2.0M | ||
| Q4 24 | $4.6M | $-421.3K | ||
| Q3 24 | $58.0K | $594.5K | ||
| Q2 24 | $361.0K | $-2.6M | ||
| Q1 24 | $-5.4M | $-608.5K |
| Q4 25 | — | -1.5% | ||
| Q3 25 | 12.3% | -0.9% | ||
| Q2 25 | 16.5% | 0.3% | ||
| Q1 25 | -2.0% | -3.4% | ||
| Q4 24 | 9.3% | -0.4% | ||
| Q3 24 | 0.1% | 1.1% | ||
| Q2 24 | 0.8% | -3.4% | ||
| Q1 24 | -11.4% | -1.2% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | 0.1% | 0.0% | ||
| Q2 25 | 0.3% | 0.1% | ||
| Q1 25 | 0.5% | 0.1% | ||
| Q4 24 | 0.5% | 0.0% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.1% | 0.0% | ||
| Q1 24 | 0.1% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | 11.51× | — | ||
| Q2 25 | 2.80× | — | ||
| Q1 25 | -0.90× | — | ||
| Q4 24 | 11.65× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAME
| Bankers Fidelity | $30.0M | 56% |
| American Southern | $23.7M | 44% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
