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Side-by-side financial comparison of Crexendo, Inc. (CXDO) 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 $18.1M, roughly 4.7× Crexendo, Inc.). Crexendo, Inc. runs the higher net margin — 6.7% vs -3.2%, a 9.9% gap on every dollar of revenue. On growth, Crexendo, Inc. posted the faster year-over-year revenue change (11.2% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 12.4%).
Crexendo, Inc. is a U.S.-headquartered cloud communications technology provider. It delivers unified communications as a service (UCaaS), contact center solutions, business VoIP services, and collaborative work tools, primarily catering to small and medium-sized enterprises operating in the North American market.
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.
CXDO vs IQST — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $18.1M | $84.2M |
| Net Profit | $1.2M | $-2.7M |
| Gross Margin | — | 3.5% |
| Operating Margin | 6.3% | -2.9% |
| Net Margin | 6.7% | -3.2% |
| Revenue YoY | 11.2% | -14.9% |
| Net Profit YoY | 140.2% | -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 | $18.1M | $84.2M | ||
| Q3 25 | $17.5M | $102.9M | ||
| Q2 25 | $16.6M | $72.2M | ||
| Q1 25 | $16.1M | $57.6M | ||
| Q4 24 | $16.2M | $98.9M | ||
| Q3 24 | $15.6M | $54.2M | ||
| Q2 24 | $14.7M | $78.6M | ||
| Q1 24 | $14.3M | $51.4M |
| Q4 25 | $1.2M | $-2.7M | ||
| Q3 25 | $1.4M | $-2.3M | ||
| Q2 25 | $1.2M | $-2.3M | ||
| Q1 25 | $1.2M | $-1.1M | ||
| Q4 24 | $507.0K | $-1.9M | ||
| Q3 24 | $148.0K | $-773.0K | ||
| Q2 24 | $588.0K | $-2.0M | ||
| Q1 24 | $434.0K | $-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 | 6.3% | -2.9% | ||
| Q3 25 | 7.5% | -0.5% | ||
| Q2 25 | 6.7% | -0.9% | ||
| Q1 25 | 7.2% | -1.0% | ||
| Q4 24 | 3.9% | -0.3% | ||
| Q3 24 | 0.9% | -0.1% | ||
| Q2 24 | 3.9% | -0.4% | ||
| Q1 24 | 3.4% | -0.4% |
| Q4 25 | 6.7% | -3.2% | ||
| Q3 25 | 8.3% | -2.3% | ||
| Q2 25 | 7.4% | -3.3% | ||
| Q1 25 | 7.3% | -2.0% | ||
| Q4 24 | 3.1% | -1.9% | ||
| Q3 24 | 0.9% | -1.4% | ||
| Q2 24 | 4.0% | -2.5% | ||
| Q1 24 | 3.0% | -1.1% |
| Q4 25 | $0.03 | $-0.92 | ||
| Q3 25 | $0.05 | $-0.68 | ||
| Q2 25 | $0.04 | $-0.82 | ||
| Q1 25 | $0.04 | $-0.44 | ||
| Q4 24 | $0.03 | $-1.19 | ||
| Q3 24 | $0.00 | $-0.40 | ||
| Q2 24 | $0.02 | $-0.90 | ||
| Q1 24 | $0.01 | $-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 | — | $2.2M |
| Total DebtLower is stronger | $114.0K | $4.1M |
| Stockholders' EquityBook value | $63.8M | $16.3M |
| Total Assets | $77.7M | $51.1M |
| Debt / EquityLower = less leverage | 0.00× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.2M | ||
| Q3 25 | — | $2.3M | ||
| Q2 25 | — | $2.0M | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $2.1M | ||
| Q2 24 | — | $797.2K | ||
| Q1 24 | — | $2.7M |
| Q4 25 | $114.0K | $4.1M | ||
| Q3 25 | $236.0K | $2.7M | ||
| Q2 25 | $356.0K | $4.5M | ||
| Q1 25 | $475.0K | $3.5M | ||
| Q4 24 | $592.0K | $2.5M | ||
| Q3 24 | $709.0K | $3.2M | ||
| Q2 24 | $823.0K | $2.5M | ||
| Q1 24 | $937.0K | $194.0K |
| Q4 25 | $63.8M | $16.3M | ||
| Q3 25 | $61.3M | $17.9M | ||
| Q2 25 | $58.3M | $14.3M | ||
| Q1 25 | $55.2M | $11.6M | ||
| Q4 24 | $51.4M | $11.9M | ||
| Q3 24 | $49.5M | $8.1M | ||
| Q2 24 | $48.2M | $7.6M | ||
| Q1 24 | $46.8M | $8.4M |
| Q4 25 | $77.7M | $51.1M | ||
| Q3 25 | $76.0M | $46.9M | ||
| Q2 25 | $71.4M | $51.4M | ||
| Q1 25 | $67.4M | $42.0M | ||
| Q4 24 | $64.9M | $79.0M | ||
| Q3 24 | $62.3M | $32.4M | ||
| Q2 24 | $59.6M | $30.0M | ||
| Q1 24 | $57.5M | $22.1M |
| Q4 25 | 0.00× | 0.25× | ||
| Q3 25 | 0.00× | 0.15× | ||
| Q2 25 | 0.01× | 0.31× | ||
| Q1 25 | 0.01× | 0.31× | ||
| Q4 24 | 0.01× | 0.21× | ||
| Q3 24 | 0.01× | 0.40× | ||
| Q2 24 | 0.02× | 0.34× | ||
| Q1 24 | 0.02× | 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 | $2.3M | $-1.2M |
| Free Cash FlowOCF − Capex | — | $-1.2M |
| FCF MarginFCF / Revenue | — | -1.5% |
| Capex IntensityCapex / Revenue | 0.0% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $-1.2M | ||
| Q3 25 | $4.4M | $-953.0K | ||
| Q2 25 | $1.3M | $257.7K | ||
| Q1 25 | $1.2M | $-1.9M | ||
| Q4 24 | $2.2M | $-403.7K | ||
| Q3 24 | $1.6M | $625.0K | ||
| Q2 24 | $2.7M | $-2.6M | ||
| Q1 24 | $-166.0K | $-536.9K |
| Q4 25 | — | $-1.2M | ||
| Q3 25 | — | $-969.2K | ||
| Q2 25 | $1.3M | $211.7K | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | $2.1M | $-421.3K | ||
| Q3 24 | — | $594.5K | ||
| Q2 24 | — | $-2.6M | ||
| Q1 24 | — | $-608.5K |
| Q4 25 | — | -1.5% | ||
| Q3 25 | — | -0.9% | ||
| Q2 25 | 7.7% | 0.3% | ||
| Q1 25 | — | -3.4% | ||
| Q4 24 | 13.2% | -0.4% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | -3.4% | ||
| Q1 24 | — | -1.2% |
| Q4 25 | 0.0% | 0.0% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.0% | 0.1% | ||
| Q4 24 | 0.2% | 0.0% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.0% | 0.0% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | 1.93× | — | ||
| Q3 25 | 3.05× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 4.29× | — | ||
| Q3 24 | 10.95× | — | ||
| Q2 24 | 4.51× | — | ||
| Q1 24 | -0.38× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CXDO
| Services | $8.6M | 48% |
| Software Solution Segment | $8.3M | 46% |
| Products | $1.1M | 6% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
