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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) 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 $50.1M, roughly 1.7× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -3.2%, a 10.0% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -14.9%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 28.0%).
Acacia Research Corporation is a publicly traded American company based in New York City. It acquires and operates businesses in industries including the technology, energy, and industrial/manufacturing sectors. Acacia has a strategic relationship with Starboard Value, LP, the company's controlling shareholder. The company has been characterized as a patent troll.
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.
ACTG vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $84.2M |
| Net Profit | $3.4M | $-2.7M |
| Gross Margin | 12.8% | 3.5% |
| Operating Margin | -26.1% | -2.9% |
| Net Margin | 6.8% | -3.2% |
| Revenue YoY | 2.6% | -14.9% |
| Net Profit YoY | 125.5% | -44.5% |
| EPS (diluted) | $0.03 | $-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 | $50.1M | $84.2M | ||
| Q3 25 | $59.4M | $102.9M | ||
| Q2 25 | $51.2M | $72.2M | ||
| Q1 25 | $124.4M | $57.6M | ||
| Q4 24 | $48.8M | $98.9M | ||
| Q3 24 | $23.3M | $54.2M | ||
| Q2 24 | $25.8M | $78.6M | ||
| Q1 24 | $24.3M | $51.4M |
| Q4 25 | $3.4M | $-2.7M | ||
| Q3 25 | $-2.7M | $-2.3M | ||
| Q2 25 | $-3.3M | $-2.3M | ||
| Q1 25 | $24.3M | $-1.1M | ||
| Q4 24 | $-13.4M | $-1.9M | ||
| Q3 24 | $-14.0M | $-773.0K | ||
| Q2 24 | $-8.4M | $-2.0M | ||
| Q1 24 | $-186.0K | $-580.2K |
| Q4 25 | 12.8% | 3.5% | ||
| Q3 25 | 21.2% | 2.7% | ||
| Q2 25 | 12.8% | 2.6% | ||
| Q1 25 | 47.4% | 3.4% | ||
| Q4 24 | 17.6% | 2.7% | ||
| Q3 24 | 10.1% | 3.7% | ||
| Q2 24 | 26.2% | 2.8% | ||
| Q1 24 | 49.2% | 2.7% |
| Q4 25 | -26.1% | -2.9% | ||
| Q3 25 | -10.8% | -0.5% | ||
| Q2 25 | -24.2% | -0.9% | ||
| Q1 25 | 30.8% | -1.0% | ||
| Q4 24 | -32.4% | -0.3% | ||
| Q3 24 | -44.1% | -0.1% | ||
| Q2 24 | -18.4% | -0.4% | ||
| Q1 24 | -8.6% | -0.4% |
| Q4 25 | 6.8% | -3.2% | ||
| Q3 25 | -4.6% | -2.3% | ||
| Q2 25 | -6.4% | -3.3% | ||
| Q1 25 | 19.5% | -2.0% | ||
| Q4 24 | -27.5% | -1.9% | ||
| Q3 24 | -60.0% | -1.4% | ||
| Q2 24 | -32.7% | -2.5% | ||
| Q1 24 | -0.8% | -1.1% |
| Q4 25 | $0.03 | $-0.92 | ||
| Q3 25 | $-0.03 | $-0.68 | ||
| Q2 25 | $-0.03 | $-0.82 | ||
| Q1 25 | $0.25 | $-0.44 | ||
| Q4 24 | $-0.14 | $-1.19 | ||
| Q3 24 | $-0.14 | $-0.40 | ||
| Q2 24 | $-0.08 | $-0.90 | ||
| Q1 24 | $0.00 | $-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 | $306.7M | $2.2M |
| Total DebtLower is stronger | $91.9M | $4.1M |
| Stockholders' EquityBook value | $543.5M | $16.3M |
| Total Assets | $771.0M | $51.1M |
| Debt / EquityLower = less leverage | 0.17× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $2.2M | ||
| Q3 25 | $301.8M | $2.3M | ||
| Q2 25 | $316.7M | $2.0M | ||
| Q1 25 | $272.0M | $1.1M | ||
| Q4 24 | $273.9M | $2.5M | ||
| Q3 24 | $410.9M | $2.1M | ||
| Q2 24 | $441.9M | $797.2K | ||
| Q1 24 | $498.4M | $2.7M |
| Q4 25 | $91.9M | $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 | $543.5M | $16.3M | ||
| Q3 25 | $537.6M | $17.9M | ||
| Q2 25 | $538.6M | $14.3M | ||
| Q1 25 | $540.2M | $11.6M | ||
| Q4 24 | $514.8M | $11.9M | ||
| Q3 24 | $540.2M | $8.1M | ||
| Q2 24 | $560.7M | $7.6M | ||
| Q1 24 | $568.3M | $8.4M |
| Q4 25 | $771.0M | $51.1M | ||
| Q3 25 | $768.9M | $46.9M | ||
| Q2 25 | $775.5M | $51.4M | ||
| Q1 25 | $801.6M | $42.0M | ||
| Q4 24 | $756.4M | $79.0M | ||
| Q3 24 | $707.6M | $32.4M | ||
| Q2 24 | $753.6M | $30.0M | ||
| Q1 24 | $631.7M | $22.1M |
| Q4 25 | 0.17× | 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 | $75.2M | $-1.2M |
| Free Cash FlowOCF − Capex | — | $-1.2M |
| FCF MarginFCF / Revenue | — | -1.5% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $-1.2M | ||
| Q3 25 | $9.5M | $-953.0K | ||
| Q2 25 | $50.1M | $257.7K | ||
| Q1 25 | $2.4M | $-1.9M | ||
| Q4 24 | $50.1M | $-403.7K | ||
| Q3 24 | $-593.0K | $625.0K | ||
| Q2 24 | $16.1M | $-2.6M | ||
| Q1 24 | $54.8M | $-536.9K |
| Q4 25 | — | $-1.2M | ||
| Q3 25 | — | $-969.2K | ||
| Q2 25 | — | $211.7K | ||
| Q1 25 | $335.0K | $-2.0M | ||
| Q4 24 | $-98.5M | $-421.3K | ||
| Q3 24 | $-2.8M | $594.5K | ||
| Q2 24 | $-126.7M | $-2.6M | ||
| Q1 24 | $54.6M | $-608.5K |
| Q4 25 | — | -1.5% | ||
| Q3 25 | — | -0.9% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | 0.3% | -3.4% | ||
| Q4 24 | -201.8% | -0.4% | ||
| Q3 24 | -12.1% | 1.1% | ||
| Q2 24 | -490.5% | -3.4% | ||
| Q1 24 | 224.4% | -1.2% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | 1.7% | 0.1% | ||
| Q4 24 | 304.4% | 0.0% | ||
| Q3 24 | 9.6% | 0.1% | ||
| Q2 24 | 553.0% | 0.0% | ||
| Q1 24 | 1.1% | 0.1% |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACTG
| Energy Operations | $16.0M | 32% |
| Transportation Safety | $10.4M | 21% |
| Office Storage And Display Solutions | $8.4M | 17% |
| Printers Consumables And Parts | $6.5M | 13% |
| Natural Gas Reserves | $5.1M | 10% |
| Natural Gas Liquids Reserves | $3.3M | 7% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
