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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and iQSTEL Inc (IQST). Click either name above to swap in a different company.
AlTi Global, Inc. is the larger business by last-quarter revenue ($86.6M vs $84.2M, roughly 1.0× iQSTEL Inc). iQSTEL Inc runs the higher net margin — -3.2% vs -15.1%, a 11.9% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs -14.9%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-52.2M). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs 28.0%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
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.
ALTI vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $84.2M |
| Net Profit | $-13.1M | $-2.7M |
| Gross Margin | — | 3.5% |
| Operating Margin | -2.1% | -2.9% |
| Net Margin | -15.1% | -3.2% |
| Revenue YoY | 87.0% | -14.9% |
| Net Profit YoY | 75.6% | -44.5% |
| EPS (diluted) | — | $-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 | $86.6M | $84.2M | ||
| Q3 25 | $57.2M | $102.9M | ||
| Q2 25 | $53.1M | $72.2M | ||
| Q1 25 | $58.0M | $57.6M | ||
| Q4 24 | $46.3M | $98.9M | ||
| Q3 24 | $51.8M | $54.2M | ||
| Q2 24 | $49.5M | $78.6M | ||
| Q1 24 | $50.8M | $51.4M |
| Q4 25 | $-13.1M | $-2.7M | ||
| Q3 25 | $-84.1M | $-2.3M | ||
| Q2 25 | $-24.4M | $-2.3M | ||
| Q1 25 | $1.9M | $-1.1M | ||
| Q4 24 | $-53.8M | $-1.9M | ||
| Q3 24 | $-72.5M | $-773.0K | ||
| Q2 24 | $-6.4M | $-2.0M | ||
| Q1 24 | $29.7M | $-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 | -2.1% | -2.9% | ||
| Q3 25 | -49.8% | -0.5% | ||
| Q2 25 | -56.7% | -0.9% | ||
| Q1 25 | -23.3% | -1.0% | ||
| Q4 24 | -42.7% | -0.3% | ||
| Q3 24 | -18.4% | -0.1% | ||
| Q2 24 | -30.2% | -0.4% | ||
| Q1 24 | -28.9% | -0.4% |
| Q4 25 | -15.1% | -3.2% | ||
| Q3 25 | -147.0% | -2.3% | ||
| Q2 25 | -45.9% | -3.3% | ||
| Q1 25 | 3.3% | -2.0% | ||
| Q4 24 | -116.1% | -1.9% | ||
| Q3 24 | -140.0% | -1.4% | ||
| Q2 24 | -12.9% | -2.5% | ||
| Q1 24 | 58.4% | -1.1% |
| Q4 25 | — | $-0.92 | ||
| Q3 25 | — | $-0.68 | ||
| Q2 25 | $-0.33 | $-0.82 | ||
| Q1 25 | $-0.04 | $-0.44 | ||
| Q4 24 | $-0.71 | $-1.19 | ||
| Q3 24 | $-0.88 | $-0.40 | ||
| Q2 24 | $-0.18 | $-0.90 | ||
| Q1 24 | $0.18 | $-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 | $41.2M | $2.2M |
| Total DebtLower is stronger | $883.0K | $4.1M |
| Stockholders' EquityBook value | $600.1M | $16.3M |
| Total Assets | $1.2B | $51.1M |
| Debt / EquityLower = less leverage | 0.00× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | $2.2M | ||
| Q3 25 | $35.8M | $2.3M | ||
| Q2 25 | $42.4M | $2.0M | ||
| Q1 25 | $52.8M | $1.1M | ||
| Q4 24 | $64.4M | $2.5M | ||
| Q3 24 | $220.6M | $2.1M | ||
| Q2 24 | $60.0M | $797.2K | ||
| Q1 24 | $134.2M | $2.7M |
| Q4 25 | $883.0K | $4.1M | ||
| Q3 25 | $586.0K | $2.7M | ||
| Q2 25 | $673.0K | $4.5M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | $0 | $2.5M | ||
| Q3 24 | $128.4M | $3.2M | ||
| Q2 24 | $164.0M | $2.5M | ||
| Q1 24 | $183.7M | $194.0K |
| Q4 25 | $600.1M | $16.3M | ||
| Q3 25 | $607.2M | $17.9M | ||
| Q2 25 | $685.4M | $14.3M | ||
| Q1 25 | $665.2M | $11.6M | ||
| Q4 24 | $658.4M | $11.9M | ||
| Q3 24 | $707.0M | $8.1M | ||
| Q2 24 | $540.2M | $7.6M | ||
| Q1 24 | $510.9M | $8.4M |
| Q4 25 | $1.2B | $51.1M | ||
| Q3 25 | $1.2B | $46.9M | ||
| Q2 25 | $1.2B | $51.4M | ||
| Q1 25 | $1.2B | $42.0M | ||
| Q4 24 | $1.3B | $79.0M | ||
| Q3 24 | $1.4B | $32.4M | ||
| Q2 24 | $1.3B | $30.0M | ||
| Q1 24 | $1.3B | $22.1M |
| Q4 25 | 0.00× | 0.25× | ||
| Q3 25 | 0.00× | 0.15× | ||
| Q2 25 | 0.00× | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | 0.00× | 0.21× | ||
| Q3 24 | 0.18× | 0.40× | ||
| Q2 24 | 0.30× | 0.34× | ||
| Q1 24 | 0.36× | 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 | $-51.4M | $-1.2M |
| Free Cash FlowOCF − Capex | $-52.2M | $-1.2M |
| FCF MarginFCF / Revenue | -60.3% | -1.5% |
| Capex IntensityCapex / Revenue | 0.9% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-51.4M | $-1.2M | ||
| Q3 25 | $-53.5M | $-953.0K | ||
| Q2 25 | $-19.9M | $257.7K | ||
| Q1 25 | $-30.2M | $-1.9M | ||
| Q4 24 | $-50.7M | $-403.7K | ||
| Q3 24 | $-4.9M | $625.0K | ||
| Q2 24 | $-30.2M | $-2.6M | ||
| Q1 24 | $-15.5M | $-536.9K |
| Q4 25 | $-52.2M | $-1.2M | ||
| Q3 25 | — | $-969.2K | ||
| Q2 25 | $-20.0M | $211.7K | ||
| Q1 25 | $-31.0M | $-2.0M | ||
| Q4 24 | $-58.2M | $-421.3K | ||
| Q3 24 | $-9.4M | $594.5K | ||
| Q2 24 | $-31.2M | $-2.6M | ||
| Q1 24 | $-15.7M | $-608.5K |
| Q4 25 | -60.3% | -1.5% | ||
| Q3 25 | — | -0.9% | ||
| Q2 25 | -37.6% | 0.3% | ||
| Q1 25 | -53.4% | -3.4% | ||
| Q4 24 | -125.7% | -0.4% | ||
| Q3 24 | -18.2% | 1.1% | ||
| Q2 24 | -63.2% | -3.4% | ||
| Q1 24 | -30.9% | -1.2% |
| Q4 25 | 0.9% | 0.0% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | 0.0% | 0.1% | ||
| Q1 25 | 1.3% | 0.1% | ||
| Q4 24 | 16.3% | 0.0% | ||
| Q3 24 | 8.7% | 0.1% | ||
| Q2 24 | 2.2% | 0.0% | ||
| Q1 24 | 0.4% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
