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Side-by-side financial comparison of Dingdong (Cayman) Ltd (DDL) and iQSTEL Inc (IQST). Click either name above to swap in a different company.

Dingdong (Cayman) Ltd is the larger business by last-quarter revenue ($115.3M vs $84.2M, roughly 1.4× iQSTEL Inc). Dingdong (Cayman) Ltd runs the higher net margin — 5.8% vs -3.2%, a 9.0% gap on every dollar of revenue.

Dingdong (Cayman) Ltd operates a leading on-demand grocery e-commerce platform primarily serving the Chinese market. It provides fresh produce, daily necessities, ready-to-eat meals, and household staples to urban consumers, leveraging optimized supply chains and localized logistics networks to offer fast, reliable 30-minute delivery services, prioritizing product freshness and user convenience.

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.

DDL vs IQST — Head-to-Head

Bigger by revenue
DDL
DDL
1.4× larger
DDL
$115.3M
$84.2M
IQST
Higher net margin
DDL
DDL
9.0% more per $
DDL
5.8%
-3.2%
IQST

Income Statement — Q3 FY2022 vs Q4 FY2025

Metric
DDL
DDL
IQST
IQST
Revenue
$115.3M
$84.2M
Net Profit
$6.7M
$-2.7M
Gross Margin
3.5%
Operating Margin
5.3%
-2.9%
Net Margin
5.8%
-3.2%
Revenue YoY
-14.9%
Net Profit YoY
-44.5%
EPS (diluted)
$-0.02
$-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
DDL
DDL
IQST
IQST
Q4 25
$84.2M
Q3 25
$102.9M
Q2 25
$72.2M
Q1 25
$57.6M
Q4 24
$98.9M
Q3 24
$54.2M
Q2 24
$78.6M
Q1 24
$51.4M
Net Profit
DDL
DDL
IQST
IQST
Q4 25
$-2.7M
Q3 25
$-2.3M
Q2 25
$-2.3M
Q1 25
$-1.1M
Q4 24
$-1.9M
Q3 24
$-773.0K
Q2 24
$-2.0M
Q1 24
$-580.2K
Gross Margin
DDL
DDL
IQST
IQST
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%
Operating Margin
DDL
DDL
IQST
IQST
Q4 25
-2.9%
Q3 25
-0.5%
Q2 25
-0.9%
Q1 25
-1.0%
Q4 24
-0.3%
Q3 24
-0.1%
Q2 24
-0.4%
Q1 24
-0.4%
Net Margin
DDL
DDL
IQST
IQST
Q4 25
-3.2%
Q3 25
-2.3%
Q2 25
-3.3%
Q1 25
-2.0%
Q4 24
-1.9%
Q3 24
-1.4%
Q2 24
-2.5%
Q1 24
-1.1%
EPS (diluted)
DDL
DDL
IQST
IQST
Q4 25
$-0.92
Q3 25
$-0.68
Q2 25
$-0.82
Q1 25
$-0.44
Q4 24
$-1.19
Q3 24
$-0.40
Q2 24
$-0.90
Q1 24
$-0.37

Balance Sheet & Financial Strength

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

Metric
DDL
DDL
IQST
IQST
Cash + ST InvestmentsLiquidity on hand
$113.7M
$2.2M
Total DebtLower is stronger
$135.8K
$4.1M
Stockholders' EquityBook value
$4.5M
$16.3M
Total Assets
$178.3M
$51.1M
Debt / EquityLower = less leverage
0.03×
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DDL
DDL
IQST
IQST
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
Total Debt
DDL
DDL
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
DDL
DDL
IQST
IQST
Q4 25
$16.3M
Q3 25
$17.9M
Q2 25
$14.3M
Q1 25
$11.6M
Q4 24
$11.9M
Q3 24
$8.1M
Q2 24
$7.6M
Q1 24
$8.4M
Total Assets
DDL
DDL
IQST
IQST
Q4 25
$51.1M
Q3 25
$46.9M
Q2 25
$51.4M
Q1 25
$42.0M
Q4 24
$79.0M
Q3 24
$32.4M
Q2 24
$30.0M
Q1 24
$22.1M
Debt / Equity
DDL
DDL
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
DDL
DDL
IQST
IQST
Operating Cash FlowLast quarter
$-1.2M
Free Cash FlowOCF − Capex
$-1.2M
FCF MarginFCF / Revenue
-1.5%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DDL
DDL
IQST
IQST
Q4 25
$-1.2M
Q3 25
$-953.0K
Q2 25
$257.7K
Q1 25
$-1.9M
Q4 24
$-403.7K
Q3 24
$625.0K
Q2 24
$-2.6M
Q1 24
$-536.9K
Free Cash Flow
DDL
DDL
IQST
IQST
Q4 25
$-1.2M
Q3 25
$-969.2K
Q2 25
$211.7K
Q1 25
$-2.0M
Q4 24
$-421.3K
Q3 24
$594.5K
Q2 24
$-2.6M
Q1 24
$-608.5K
FCF Margin
DDL
DDL
IQST
IQST
Q4 25
-1.5%
Q3 25
-0.9%
Q2 25
0.3%
Q1 25
-3.4%
Q4 24
-0.4%
Q3 24
1.1%
Q2 24
-3.4%
Q1 24
-1.2%
Capex Intensity
DDL
DDL
IQST
IQST
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.0%
Q1 24
0.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

DDL
DDL

Segment breakdown not available.

IQST
IQST

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

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