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Side-by-side financial comparison of DocGo Inc. (DCGO) 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 $74.9M, roughly 1.1× DocGo Inc.). iQSTEL Inc runs the higher net margin — -3.2% vs -190.0%, a 186.8% gap on every dollar of revenue. On growth, iQSTEL Inc posted the faster year-over-year revenue change (-14.9% vs -38.0%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-12.0M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -37.5%).
DocGo Inc. is a U.S.-headquartered mobile healthcare and on-demand medical service provider. It offers a range of solutions including in-home urgent care, diagnostic testing, telehealth consultations, and corporate wellness programs, serving individual patients, health systems, enterprise clients, and public sector organizations across North America.
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.
DCGO vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $74.9M | $84.2M |
| Net Profit | $-142.3M | $-2.7M |
| Gross Margin | — | 3.5% |
| Operating Margin | -139.6% | -2.9% |
| Net Margin | -190.0% | -3.2% |
| Revenue YoY | -38.0% | -14.9% |
| Net Profit YoY | -1761.4% | -44.5% |
| EPS (diluted) | $-1.36 | $-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 | $74.9M | $84.2M | ||
| Q3 25 | $70.8M | $102.9M | ||
| Q2 25 | $80.4M | $72.2M | ||
| Q1 25 | $96.0M | $57.6M | ||
| Q4 24 | $120.8M | $98.9M | ||
| Q3 24 | $138.7M | $54.2M | ||
| Q2 24 | $164.9M | $78.6M | ||
| Q1 24 | $192.1M | $51.4M |
| Q4 25 | $-142.3M | $-2.7M | ||
| Q3 25 | $-27.8M | $-2.3M | ||
| Q2 25 | $-11.2M | $-2.3M | ||
| Q1 25 | $-9.4M | $-1.1M | ||
| Q4 24 | $-7.6M | $-1.9M | ||
| Q3 24 | $5.5M | $-773.0K | ||
| Q2 24 | $6.5M | $-2.0M | ||
| Q1 24 | $11.2M | $-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 | -139.6% | -2.9% | ||
| Q3 25 | -59.3% | -0.5% | ||
| Q2 25 | -21.7% | -0.9% | ||
| Q1 25 | -14.6% | -1.0% | ||
| Q4 24 | -6.2% | -0.3% | ||
| Q3 24 | 7.3% | -0.1% | ||
| Q2 24 | 6.2% | -0.4% | ||
| Q1 24 | 8.3% | -0.4% |
| Q4 25 | -190.0% | -3.2% | ||
| Q3 25 | -39.2% | -2.3% | ||
| Q2 25 | -13.9% | -3.3% | ||
| Q1 25 | -9.8% | -2.0% | ||
| Q4 24 | -6.3% | -1.9% | ||
| Q3 24 | 4.0% | -1.4% | ||
| Q2 24 | 4.0% | -2.5% | ||
| Q1 24 | 5.8% | -1.1% |
| Q4 25 | $-1.36 | $-0.92 | ||
| Q3 25 | $-0.28 | $-0.68 | ||
| Q2 25 | $-0.11 | $-0.82 | ||
| Q1 25 | $-0.09 | $-0.44 | ||
| Q4 24 | $-0.03 | $-1.19 | ||
| Q3 24 | $0.05 | $-0.40 | ||
| Q2 24 | $0.06 | $-0.90 | ||
| Q1 24 | $0.10 | $-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 | $51.0M | $2.2M |
| Total DebtLower is stronger | $235.6K | $4.1M |
| Stockholders' EquityBook value | $144.0M | $16.3M |
| Total Assets | $217.1M | $51.1M |
| Debt / EquityLower = less leverage | 0.00× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $51.0M | $2.2M | ||
| Q3 25 | $73.4M | $2.3M | ||
| Q2 25 | $104.2M | $2.0M | ||
| Q1 25 | $79.0M | $1.1M | ||
| Q4 24 | $89.2M | $2.5M | ||
| Q3 24 | $89.5M | $2.1M | ||
| Q2 24 | $66.1M | $797.2K | ||
| Q1 24 | $41.2M | $2.7M |
| Q4 25 | $235.6K | $4.1M | ||
| Q3 25 | $249.9K | $2.7M | ||
| Q2 25 | $12.6K | $4.5M | ||
| Q1 25 | $15.1K | $3.5M | ||
| Q4 24 | $17.7K | $2.5M | ||
| Q3 24 | $47.7K | $3.2M | ||
| Q2 24 | $52.8K | $2.5M | ||
| Q1 24 | $60.1K | $194.0K |
| Q4 25 | $144.0M | $16.3M | ||
| Q3 25 | $270.5M | $17.9M | ||
| Q2 25 | $297.3M | $14.3M | ||
| Q1 25 | $309.3M | $11.6M | ||
| Q4 24 | $320.9M | $11.9M | ||
| Q3 24 | $325.2M | $8.1M | ||
| Q2 24 | $315.2M | $7.6M | ||
| Q1 24 | $311.3M | $8.4M |
| Q4 25 | $217.1M | $51.1M | ||
| Q3 25 | $353.8M | $46.9M | ||
| Q2 25 | $408.3M | $51.4M | ||
| Q1 25 | $430.8M | $42.0M | ||
| Q4 24 | $455.6M | $79.0M | ||
| Q3 24 | $493.9M | $32.4M | ||
| Q2 24 | $488.2M | $30.0M | ||
| Q1 24 | $490.7M | $22.1M |
| Q4 25 | 0.00× | 0.25× | ||
| Q3 25 | 0.00× | 0.15× | ||
| Q2 25 | 0.00× | 0.31× | ||
| Q1 25 | 0.00× | 0.31× | ||
| Q4 24 | 0.00× | 0.21× | ||
| Q3 24 | 0.00× | 0.40× | ||
| Q2 24 | 0.00× | 0.34× | ||
| Q1 24 | 0.00× | 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 | $-10.5M | $-1.2M |
| Free Cash FlowOCF − Capex | $-12.0M | $-1.2M |
| FCF MarginFCF / Revenue | -16.0% | -1.5% |
| Capex IntensityCapex / Revenue | 2.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $29.9M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-10.5M | $-1.2M | ||
| Q3 25 | $1.7M | $-953.0K | ||
| Q2 25 | $33.6M | $257.7K | ||
| Q1 25 | $9.7M | $-1.9M | ||
| Q4 24 | $12.7M | $-403.7K | ||
| Q3 24 | $31.1M | $625.0K | ||
| Q2 24 | $36.9M | $-2.6M | ||
| Q1 24 | $-10.6M | $-536.9K |
| Q4 25 | $-12.0M | $-1.2M | ||
| Q3 25 | $782.6K | $-969.2K | ||
| Q2 25 | $32.9M | $211.7K | ||
| Q1 25 | $8.2M | $-2.0M | ||
| Q4 24 | $12.0M | $-421.3K | ||
| Q3 24 | $30.2M | $594.5K | ||
| Q2 24 | $35.9M | $-2.6M | ||
| Q1 24 | $-11.6M | $-608.5K |
| Q4 25 | -16.0% | -1.5% | ||
| Q3 25 | 1.1% | -0.9% | ||
| Q2 25 | 40.9% | 0.3% | ||
| Q1 25 | 8.5% | -3.4% | ||
| Q4 24 | 9.9% | -0.4% | ||
| Q3 24 | 21.8% | 1.1% | ||
| Q2 24 | 21.7% | -3.4% | ||
| Q1 24 | -6.0% | -1.2% |
| Q4 25 | 2.0% | 0.0% | ||
| Q3 25 | 1.2% | 0.0% | ||
| Q2 25 | 0.9% | 0.1% | ||
| Q1 25 | 1.5% | 0.1% | ||
| Q4 24 | 0.6% | 0.0% | ||
| Q3 24 | 0.7% | 0.1% | ||
| Q2 24 | 0.6% | 0.0% | ||
| Q1 24 | 0.5% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.67× | — | ||
| Q2 24 | 5.65× | — | ||
| Q1 24 | -0.95× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DCGO
| Transportation Services Segment | $50.2M | 67% |
| Mobile Health Services Segment | $24.8M | 33% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
