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Side-by-side financial comparison of Core Scientific, Inc. (CORZ) 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 $79.8M, roughly 1.1× Core Scientific, Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs -3.2%, a 271.7% gap on every dollar of revenue. On growth, iQSTEL Inc posted the faster year-over-year revenue change (-14.9% vs -16.0%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-450.8M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -33.3%).
Core Scientific is a leading digital asset and high-performance computing infrastructure provider. It operates large energy-efficient data centers across North America, offering cryptocurrency mining services, colocation hosting for blockchain and AI clients, and custom high-performance computing solutions for enterprise tech segments.
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.
CORZ vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $84.2M |
| Net Profit | $214.2M | $-2.7M |
| Gross Margin | 26.0% | 3.5% |
| Operating Margin | -149.5% | -2.9% |
| Net Margin | 268.5% | -3.2% |
| Revenue YoY | -16.0% | -14.9% |
| Net Profit YoY | 180.6% | -44.5% |
| EPS (diluted) | $-1.63 | $-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 | $79.8M | $84.2M | ||
| Q3 25 | $81.1M | $102.9M | ||
| Q2 25 | $78.6M | $72.2M | ||
| Q1 25 | $79.5M | $57.6M | ||
| Q4 24 | $94.9M | $98.9M | ||
| Q3 24 | $95.4M | $54.2M | ||
| Q2 24 | $141.1M | $78.6M | ||
| Q1 24 | $179.3M | $51.4M |
| Q4 25 | $214.2M | $-2.7M | ||
| Q3 25 | $-144.0M | $-2.3M | ||
| Q2 25 | $-936.8M | $-2.3M | ||
| Q1 25 | $576.3M | $-1.1M | ||
| Q4 24 | $-265.5M | $-1.9M | ||
| Q3 24 | $-455.3M | $-773.0K | ||
| Q2 24 | $-902.2M | $-2.0M | ||
| Q1 24 | $210.7M | $-580.2K |
| Q4 25 | 26.0% | 3.5% | ||
| Q3 25 | 4.8% | 2.7% | ||
| Q2 25 | 6.4% | 2.6% | ||
| Q1 25 | 10.3% | 3.4% | ||
| Q4 24 | 5.0% | 2.7% | ||
| Q3 24 | -0.2% | 3.7% | ||
| Q2 24 | 27.5% | 2.8% | ||
| Q1 24 | 43.3% | 2.7% |
| Q4 25 | -149.5% | -2.9% | ||
| Q3 25 | -67.6% | -0.5% | ||
| Q2 25 | -33.4% | -0.9% | ||
| Q1 25 | -59.1% | -1.0% | ||
| Q4 24 | -41.9% | -0.3% | ||
| Q3 24 | -43.2% | -0.1% | ||
| Q2 24 | -64.3% | -0.4% | ||
| Q1 24 | 30.8% | -0.4% |
| Q4 25 | 268.5% | -3.2% | ||
| Q3 25 | -177.6% | -2.3% | ||
| Q2 25 | -1191.4% | -3.3% | ||
| Q1 25 | 724.6% | -2.0% | ||
| Q4 24 | -279.7% | -1.9% | ||
| Q3 24 | -477.4% | -1.4% | ||
| Q2 24 | -639.4% | -2.5% | ||
| Q1 24 | 117.5% | -1.1% |
| Q4 25 | $-1.63 | $-0.92 | ||
| Q3 25 | $-0.45 | $-0.68 | ||
| Q2 25 | $-0.04 | $-0.82 | ||
| Q1 25 | $1.24 | $-0.44 | ||
| Q4 24 | $0.51 | $-1.19 | ||
| Q3 24 | $-1.17 | $-0.40 | ||
| Q2 24 | $-5.05 | $-0.90 | ||
| Q1 24 | $0.78 | $-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 | $311.4M | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $-962.7M | $16.3M |
| Total Assets | $2.3B | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.4M | $2.2M | ||
| Q3 25 | $453.4M | $2.3M | ||
| Q2 25 | $581.3M | $2.0M | ||
| Q1 25 | $697.9M | $1.1M | ||
| Q4 24 | $836.2M | $2.5M | ||
| Q3 24 | $253.0M | $2.1M | ||
| Q2 24 | $96.1M | $797.2K | ||
| Q1 24 | $98.1M | $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 | $-962.7M | $16.3M | ||
| Q3 25 | $-1.3B | $17.9M | ||
| Q2 25 | $-1.2B | $14.3M | ||
| Q1 25 | $-308.8M | $11.6M | ||
| Q4 24 | $-943.0M | $11.9M | ||
| Q3 24 | $-826.7M | $8.1M | ||
| Q2 24 | $-1.2B | $7.6M | ||
| Q1 24 | $-318.5M | $8.4M |
| Q4 25 | $2.3B | $51.1M | ||
| Q3 25 | $2.2B | $46.9M | ||
| Q2 25 | $1.9B | $51.4M | ||
| Q1 25 | $1.5B | $42.0M | ||
| Q4 24 | $1.5B | $79.0M | ||
| Q3 24 | $824.6M | $32.4M | ||
| Q2 24 | $664.2M | $30.0M | ||
| Q1 24 | $814.0M | $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 | $278.3M | $-1.2M |
| Free Cash FlowOCF − Capex | $-450.8M | $-1.2M |
| FCF MarginFCF / Revenue | -565.1% | -1.5% |
| Capex IntensityCapex / Revenue | 914.0% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-779.8M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.3M | $-1.2M | ||
| Q3 25 | $131.8M | $-953.0K | ||
| Q2 25 | $34.0M | $257.7K | ||
| Q1 25 | $-45.0M | $-1.9M | ||
| Q4 24 | $42.9M | $-403.7K | ||
| Q3 24 | $5.7M | $625.0K | ||
| Q2 24 | $1.2M | $-2.6M | ||
| Q1 24 | $22.2M | $-536.9K |
| Q4 25 | $-450.8M | $-1.2M | ||
| Q3 25 | $-112.7M | $-969.2K | ||
| Q2 25 | $-87.3M | $211.7K | ||
| Q1 25 | $-129.0M | $-2.0M | ||
| Q4 24 | $-52.1M | $-421.3K | ||
| Q3 24 | $-25.5M | $594.5K | ||
| Q2 24 | $-1.9M | $-2.6M | ||
| Q1 24 | $-9.7M | $-608.5K |
| Q4 25 | -565.1% | -1.5% | ||
| Q3 25 | -139.0% | -0.9% | ||
| Q2 25 | -111.0% | 0.3% | ||
| Q1 25 | -162.2% | -3.4% | ||
| Q4 24 | -54.8% | -0.4% | ||
| Q3 24 | -26.7% | 1.1% | ||
| Q2 24 | -1.4% | -3.4% | ||
| Q1 24 | -5.4% | -1.2% |
| Q4 25 | 914.0% | 0.0% | ||
| Q3 25 | 301.5% | 0.0% | ||
| Q2 25 | 154.2% | 0.1% | ||
| Q1 25 | 105.6% | 0.1% | ||
| Q4 24 | 100.0% | 0.0% | ||
| Q3 24 | 32.7% | 0.1% | ||
| Q2 24 | 2.2% | 0.0% | ||
| Q1 24 | 17.8% | 0.1% |
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CORZ
| Other | $36.3M | 46% |
| Digital Asset Self Mining Service | $31.8M | 40% |
| Colocation Service | $11.6M | 15% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
