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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) 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 $58.8M, roughly 1.4× CBAK Energy Technology, Inc.). iQSTEL Inc runs the higher net margin — -3.2% vs -12.5%, a 9.3% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs -14.9%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -0.0%).
CBAK Energy Technology, Inc. is a global supplier of lithium-ion battery products including high-performance cells, modules and battery packs. It serves key segments such as electric vehicles, stationary energy storage systems and consumer electronics, with core operations in China and a worldwide customer base.
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.
CBAT vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $84.2M |
| Net Profit | $-7.4M | $-2.7M |
| Gross Margin | 7.3% | 3.5% |
| Operating Margin | -13.6% | -2.9% |
| Net Margin | -12.5% | -3.2% |
| Revenue YoY | 131.8% | -14.9% |
| Net Profit YoY | -63.6% | -44.5% |
| EPS (diluted) | $-0.08 | $-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 | $58.8M | $84.2M | ||
| Q3 25 | $60.9M | $102.9M | ||
| Q2 25 | $40.5M | $72.2M | ||
| Q1 25 | $34.9M | $57.6M | ||
| Q4 24 | $25.4M | $98.9M | ||
| Q3 24 | $44.6M | $54.2M | ||
| Q2 24 | $47.8M | $78.6M | ||
| Q1 24 | $58.8M | $51.4M |
| Q4 25 | $-7.4M | $-2.7M | ||
| Q3 25 | $2.7M | $-2.3M | ||
| Q2 25 | $-3.1M | $-2.3M | ||
| Q1 25 | $-1.6M | $-1.1M | ||
| Q4 24 | $-4.5M | $-1.9M | ||
| Q3 24 | $17.6K | $-773.0K | ||
| Q2 24 | $6.4M | $-2.0M | ||
| Q1 24 | $9.8M | $-580.2K |
| Q4 25 | 7.3% | 3.5% | ||
| Q3 25 | 8.0% | 2.7% | ||
| Q2 25 | 11.0% | 2.6% | ||
| Q1 25 | 13.7% | 3.4% | ||
| Q4 24 | 13.1% | 2.7% | ||
| Q3 24 | 15.6% | 3.7% | ||
| Q2 24 | 26.6% | 2.8% | ||
| Q1 24 | 31.9% | 2.7% |
| Q4 25 | -13.6% | -2.9% | ||
| Q3 25 | -6.6% | -0.5% | ||
| Q2 25 | -8.7% | -0.9% | ||
| Q1 25 | -8.2% | -1.0% | ||
| Q4 24 | -26.0% | -0.3% | ||
| Q3 24 | -1.9% | -0.1% | ||
| Q2 24 | 12.4% | -0.4% | ||
| Q1 24 | 17.4% | -0.4% |
| Q4 25 | -12.5% | -3.2% | ||
| Q3 25 | 4.4% | -2.3% | ||
| Q2 25 | -7.6% | -3.3% | ||
| Q1 25 | -4.5% | -2.0% | ||
| Q4 24 | -17.8% | -1.9% | ||
| Q3 24 | 0.0% | -1.4% | ||
| Q2 24 | 13.5% | -2.5% | ||
| Q1 24 | 16.7% | -1.1% |
| Q4 25 | $-0.08 | $-0.92 | ||
| Q3 25 | $0.03 | $-0.68 | ||
| Q2 25 | $-0.03 | $-0.82 | ||
| Q1 25 | $-0.02 | $-0.44 | ||
| Q4 24 | $-0.05 | $-1.19 | ||
| Q3 24 | $0.00 | $-0.40 | ||
| Q2 24 | $0.07 | $-0.90 | ||
| Q1 24 | $0.11 | $-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 | $8.3M | $2.2M |
| Total DebtLower is stronger | $4.1M | $4.1M |
| Stockholders' EquityBook value | $112.7M | $16.3M |
| Total Assets | $426.2M | $51.1M |
| Debt / EquityLower = less leverage | 0.04× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $2.2M | ||
| Q3 25 | $10.5M | $2.3M | ||
| Q2 25 | $45.7M | $2.0M | ||
| Q1 25 | $9.6M | $1.1M | ||
| Q4 24 | $11.0M | $2.5M | ||
| Q3 24 | $24.2M | $2.1M | ||
| Q2 24 | $44.1M | $797.2K | ||
| Q1 24 | $23.8M | $2.7M |
| Q4 25 | $4.1M | $4.1M | ||
| Q3 25 | $4.8M | $2.7M | ||
| Q2 25 | $4.9M | $4.5M | ||
| Q1 25 | $4.1M | $3.5M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $194.0K |
| Q4 25 | $112.7M | $16.3M | ||
| Q3 25 | $121.4M | $17.9M | ||
| Q2 25 | $118.2M | $14.3M | ||
| Q1 25 | $120.8M | $11.6M | ||
| Q4 24 | $121.7M | $11.9M | ||
| Q3 24 | $131.2M | $8.1M | ||
| Q2 24 | $126.6M | $7.6M | ||
| Q1 24 | $120.9M | $8.4M |
| Q4 25 | $426.2M | $51.1M | ||
| Q3 25 | $363.9M | $46.9M | ||
| Q2 25 | $333.1M | $51.4M | ||
| Q1 25 | $311.5M | $42.0M | ||
| Q4 24 | $302.2M | $79.0M | ||
| Q3 24 | $293.5M | $32.4M | ||
| Q2 24 | $279.6M | $30.0M | ||
| Q1 24 | $286.5M | $22.1M |
| Q4 25 | 0.04× | 0.25× | ||
| Q3 25 | 0.04× | 0.15× | ||
| Q2 25 | 0.04× | 0.31× | ||
| Q1 25 | 0.03× | 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 | $29.8M | $-1.2M |
| Free Cash FlowOCF − Capex | $16.1M | $-1.2M |
| FCF MarginFCF / Revenue | 27.3% | -1.5% |
| Capex IntensityCapex / Revenue | 23.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.8M | $-1.2M | ||
| Q3 25 | $14.6M | $-953.0K | ||
| Q2 25 | $13.8M | $257.7K | ||
| Q1 25 | $-9.6M | $-1.9M | ||
| Q4 24 | $9.6M | $-403.7K | ||
| Q3 24 | $19.7M | $625.0K | ||
| Q2 24 | $2.9M | $-2.6M | ||
| Q1 24 | $7.4M | $-536.9K |
| Q4 25 | $16.1M | $-1.2M | ||
| Q3 25 | $6.0M | $-969.2K | ||
| Q2 25 | $4.1M | $211.7K | ||
| Q1 25 | $-22.3M | $-2.0M | ||
| Q4 24 | $3.9M | $-421.3K | ||
| Q3 24 | $16.5M | $594.5K | ||
| Q2 24 | $2.5M | $-2.6M | ||
| Q1 24 | $-454.0K | $-608.5K |
| Q4 25 | 27.3% | -1.5% | ||
| Q3 25 | 9.9% | -0.9% | ||
| Q2 25 | 10.2% | 0.3% | ||
| Q1 25 | -63.9% | -3.4% | ||
| Q4 24 | 15.5% | -0.4% | ||
| Q3 24 | 37.1% | 1.1% | ||
| Q2 24 | 5.2% | -3.4% | ||
| Q1 24 | -0.8% | -1.2% |
| Q4 25 | 23.4% | 0.0% | ||
| Q3 25 | 14.1% | 0.0% | ||
| Q2 25 | 23.8% | 0.1% | ||
| Q1 25 | 36.3% | 0.1% | ||
| Q4 24 | 22.5% | 0.0% | ||
| Q3 24 | 7.0% | 0.1% | ||
| Q2 24 | 0.9% | 0.0% | ||
| Q1 24 | 13.4% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | 5.51× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1115.72× | — | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.76× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBAT
| Manufacturing Lithium Batteries | $28.0M | 48% |
| Residential Energy Supply And Uninterruptable Supplies | $17.8M | 30% |
| Light Electric Vehicles | $12.9M | 22% |
| Precursor | $108.0K | 0% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
