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Side-by-side financial comparison of Cryoport, Inc. (CYRX) 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 $45.5M, roughly 1.9× Cryoport, Inc.). iQSTEL Inc runs the higher net margin — -3.2% vs -17.5%, a 14.3% gap on every dollar of revenue. On growth, Cryoport, Inc. posted the faster year-over-year revenue change (9.6% vs -14.9%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-4.5M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 10.4%).

Cryoport, Inc. is a global provider of specialized temperature-controlled logistics and supply chain solutions focused on the life sciences, biopharmaceutical, and cell and gene therapy sectors. It partners with research institutions, biotech firms, and pharmaceutical manufacturers globally to support the safe transport of sensitive biological materials including clinical trial samples and advanced therapy products.

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.

CYRX vs IQST — Head-to-Head

Bigger by revenue
IQST
IQST
1.9× larger
IQST
$84.2M
$45.5M
CYRX
Growing faster (revenue YoY)
CYRX
CYRX
+24.5% gap
CYRX
9.6%
-14.9%
IQST
Higher net margin
IQST
IQST
14.3% more per $
IQST
-3.2%
-17.5%
CYRX
More free cash flow
IQST
IQST
$3.3M more FCF
IQST
$-1.2M
$-4.5M
CYRX
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
10.4%
CYRX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CYRX
CYRX
IQST
IQST
Revenue
$45.5M
$84.2M
Net Profit
$-8.0M
$-2.7M
Gross Margin
47.8%
3.5%
Operating Margin
-17.0%
-2.9%
Net Margin
-17.5%
-3.2%
Revenue YoY
9.6%
-14.9%
Net Profit YoY
57.4%
-44.5%
EPS (diluted)
$-0.19
$-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.

Revenue
CYRX
CYRX
IQST
IQST
Q4 25
$45.5M
$84.2M
Q3 25
$44.2M
$102.9M
Q2 25
$45.5M
$72.2M
Q1 25
$41.0M
$57.6M
Q4 24
$41.5M
$98.9M
Q3 24
$38.3M
$54.2M
Q2 24
$39.7M
$78.6M
Q1 24
$37.3M
$51.4M
Net Profit
CYRX
CYRX
IQST
IQST
Q4 25
$-8.0M
$-2.7M
Q3 25
$-6.9M
$-2.3M
Q2 25
$105.2M
$-2.3M
Q1 25
$-12.0M
$-1.1M
Q4 24
$-18.7M
$-1.9M
Q3 24
$805.0K
$-773.0K
Q2 24
$-78.0M
$-2.0M
Q1 24
$-18.9M
$-580.2K
Gross Margin
CYRX
CYRX
IQST
IQST
Q4 25
47.8%
3.5%
Q3 25
48.2%
2.7%
Q2 25
47.0%
2.6%
Q1 25
45.4%
3.4%
Q4 24
47.0%
2.7%
Q3 24
45.5%
3.7%
Q2 24
44.5%
2.8%
Q1 24
40.4%
2.7%
Operating Margin
CYRX
CYRX
IQST
IQST
Q4 25
-17.0%
-2.9%
Q3 25
-22.5%
-0.5%
Q2 25
-21.2%
-0.9%
Q1 25
-23.1%
-1.0%
Q4 24
-30.7%
-0.3%
Q3 24
-34.9%
-0.1%
Q2 24
-196.5%
-0.4%
Q1 24
-46.9%
-0.4%
Net Margin
CYRX
CYRX
IQST
IQST
Q4 25
-17.5%
-3.2%
Q3 25
-15.7%
-2.3%
Q2 25
231.4%
-3.3%
Q1 25
-29.2%
-2.0%
Q4 24
-45.1%
-1.9%
Q3 24
2.1%
-1.4%
Q2 24
-196.4%
-2.5%
Q1 24
-50.7%
-1.1%
EPS (diluted)
CYRX
CYRX
IQST
IQST
Q4 25
$-0.19
$-0.92
Q3 25
$-0.18
$-0.68
Q2 25
$2.05
$-0.82
Q1 25
$-0.28
$-0.44
Q4 24
$-0.42
$-1.19
Q3 24
$-0.02
$-0.40
Q2 24
$-1.62
$-0.90
Q1 24
$-0.43
$-0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CYRX
CYRX
IQST
IQST
Cash + ST InvestmentsLiquidity on hand
$411.2M
$2.2M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$502.6M
$16.3M
Total Assets
$765.0M
$51.1M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CYRX
CYRX
IQST
IQST
Q4 25
$411.2M
$2.2M
Q3 25
$421.3M
$2.3M
Q2 25
$426.0M
$2.0M
Q1 25
$244.0M
$1.1M
Q4 24
$250.6M
$2.5M
Q3 24
$259.4M
$2.1M
Q2 24
$414.9M
$797.2K
Q1 24
$438.2M
$2.7M
Total Debt
CYRX
CYRX
IQST
IQST
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
Stockholders' Equity
CYRX
CYRX
IQST
IQST
Q4 25
$502.6M
$16.3M
Q3 25
$513.3M
$17.9M
Q2 25
$519.1M
$14.3M
Q1 25
$398.8M
$11.6M
Q4 24
$401.9M
$11.9M
Q3 24
$418.6M
$8.1M
Q2 24
$400.1M
$7.6M
Q1 24
$472.2M
$8.4M
Total Assets
CYRX
CYRX
IQST
IQST
Q4 25
$765.0M
$51.1M
Q3 25
$774.3M
$46.9M
Q2 25
$773.9M
$51.4M
Q1 25
$699.8M
$42.0M
Q4 24
$703.5M
$79.0M
Q3 24
$701.8M
$32.4M
Q2 24
$852.3M
$30.0M
Q1 24
$942.8M
$22.1M
Debt / Equity
CYRX
CYRX
IQST
IQST
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
CYRX
CYRX
IQST
IQST
Operating Cash FlowLast quarter
$919.0K
$-1.2M
Free Cash FlowOCF − Capex
$-4.5M
$-1.2M
FCF MarginFCF / Revenue
-10.0%
-1.5%
Capex IntensityCapex / Revenue
12.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.0M
$-4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CYRX
CYRX
IQST
IQST
Q4 25
$919.0K
$-1.2M
Q3 25
$2.2M
$-953.0K
Q2 25
$-7.3M
$257.7K
Q1 25
$-4.3M
$-1.9M
Q4 24
$-5.5M
$-403.7K
Q3 24
$447.0K
$625.0K
Q2 24
$-8.0M
$-2.6M
Q1 24
$-3.3M
$-536.9K
Free Cash Flow
CYRX
CYRX
IQST
IQST
Q4 25
$-4.5M
$-1.2M
Q3 25
$-1.3M
$-969.2K
Q2 25
$-11.7M
$211.7K
Q1 25
$-7.5M
$-2.0M
Q4 24
$-10.7M
$-421.3K
Q3 24
$-3.8M
$594.5K
Q2 24
$-11.8M
$-2.6M
Q1 24
$-7.3M
$-608.5K
FCF Margin
CYRX
CYRX
IQST
IQST
Q4 25
-10.0%
-1.5%
Q3 25
-2.9%
-0.9%
Q2 25
-25.7%
0.3%
Q1 25
-18.3%
-3.4%
Q4 24
-25.8%
-0.4%
Q3 24
-9.9%
1.1%
Q2 24
-29.8%
-3.4%
Q1 24
-19.5%
-1.2%
Capex Intensity
CYRX
CYRX
IQST
IQST
Q4 25
12.0%
0.0%
Q3 25
7.8%
0.0%
Q2 25
9.6%
0.1%
Q1 25
7.7%
0.1%
Q4 24
12.6%
0.0%
Q3 24
11.1%
0.1%
Q2 24
9.5%
0.0%
Q1 24
10.7%
0.1%
Cash Conversion
CYRX
CYRX
IQST
IQST
Q4 25
Q3 25
Q2 25
-0.07×
Q1 25
Q4 24
Q3 24
0.56×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CYRX
CYRX

Segment breakdown not available.

IQST
IQST

USA$53.2M63%
Other$29.9M35%
Switzerland$1.1M1%

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