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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and iQSTEL Inc (IQST). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $84.2M, roughly 1.6× iQSTEL Inc). iQSTEL Inc runs the higher net margin — -3.2% vs -22.8%, a 19.6% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs -14.9%). Emerald Holding, Inc. produced more free cash flow last quarter ($11.7M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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.
EEX vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $84.2M |
| Net Profit | $-30.2M | $-2.7M |
| Gross Margin | — | 3.5% |
| Operating Margin | -11.8% | -2.9% |
| Net Margin | -22.8% | -3.2% |
| Revenue YoY | 24.3% | -14.9% |
| Net Profit YoY | -692.2% | -44.5% |
| EPS (diluted) | $-0.15 | $-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 | $132.7M | $84.2M | ||
| Q3 25 | $77.5M | $102.9M | ||
| Q2 25 | $105.5M | $72.2M | ||
| Q1 25 | $147.7M | $57.6M | ||
| Q4 24 | $106.8M | $98.9M | ||
| Q3 24 | $72.6M | $54.2M | ||
| Q2 24 | $86.0M | $78.6M | ||
| Q1 24 | $133.4M | $51.4M |
| Q4 25 | $-30.2M | $-2.7M | ||
| Q3 25 | $-14.4M | $-2.3M | ||
| Q2 25 | $-1.4M | $-2.3M | ||
| Q1 25 | $15.3M | $-1.1M | ||
| Q4 24 | $5.1M | $-1.9M | ||
| Q3 24 | $-11.1M | $-773.0K | ||
| Q2 24 | $-2.8M | $-2.0M | ||
| Q1 24 | $11.0M | $-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 | -11.8% | -2.9% | ||
| Q3 25 | -10.1% | -0.5% | ||
| Q2 25 | 9.7% | -0.9% | ||
| Q1 25 | 24.2% | -1.0% | ||
| Q4 24 | 19.5% | -0.3% | ||
| Q3 24 | -6.5% | -0.1% | ||
| Q2 24 | 7.4% | -0.4% | ||
| Q1 24 | 18.2% | -0.4% |
| Q4 25 | -22.8% | -3.2% | ||
| Q3 25 | -18.6% | -2.3% | ||
| Q2 25 | -1.3% | -3.3% | ||
| Q1 25 | 10.4% | -2.0% | ||
| Q4 24 | 4.8% | -1.9% | ||
| Q3 24 | -15.3% | -1.4% | ||
| Q2 24 | -3.3% | -2.5% | ||
| Q1 24 | 8.2% | -1.1% |
| Q4 25 | $-0.15 | $-0.92 | ||
| Q3 25 | $-0.07 | $-0.68 | ||
| Q2 25 | $-0.01 | $-0.82 | ||
| Q1 25 | $0.08 | $-0.44 | ||
| Q4 24 | $0.01 | $-1.19 | ||
| Q3 24 | $-0.05 | $-0.40 | ||
| Q2 24 | $-0.03 | $-0.90 | ||
| Q1 24 | $0.00 | $-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 | $100.9M | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $338.8M | $16.3M |
| Total Assets | $1.2B | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $2.2M | ||
| Q3 25 | $95.4M | $2.3M | ||
| Q2 25 | $156.4M | $2.0M | ||
| Q1 25 | $276.8M | $1.1M | ||
| Q4 24 | $194.8M | $2.5M | ||
| Q3 24 | $188.9M | $2.1M | ||
| Q2 24 | $193.2M | $797.2K | ||
| Q1 24 | $186.8M | $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 | $338.8M | $16.3M | ||
| Q3 25 | $369.5M | $17.9M | ||
| Q2 25 | $389.4M | $14.3M | ||
| Q1 25 | $392.1M | $11.6M | ||
| Q4 24 | $385.9M | $11.9M | ||
| Q3 24 | $391.1M | $8.1M | ||
| Q2 24 | $407.6M | $7.6M | ||
| Q1 24 | $-90.7M | $8.4M |
| Q4 25 | $1.2B | $51.1M | ||
| Q3 25 | $1.2B | $46.9M | ||
| Q2 25 | $1.2B | $51.4M | ||
| Q1 25 | $1.2B | $42.0M | ||
| Q4 24 | $1.0B | $79.0M | ||
| Q3 24 | $1.1B | $32.4M | ||
| Q2 24 | $1.1B | $30.0M | ||
| Q1 24 | $1.1B | $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 | $12.3M | $-1.2M |
| Free Cash FlowOCF − Capex | $11.7M | $-1.2M |
| FCF MarginFCF / Revenue | 8.8% | -1.5% |
| Capex IntensityCapex / Revenue | 0.5% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $-1.2M | ||
| Q3 25 | $1.8M | $-953.0K | ||
| Q2 25 | $15.9M | $257.7K | ||
| Q1 25 | $12.6M | $-1.9M | ||
| Q4 24 | $20.6M | $-403.7K | ||
| Q3 24 | $9.1M | $625.0K | ||
| Q2 24 | $9.8M | $-2.6M | ||
| Q1 24 | $7.3M | $-536.9K |
| Q4 25 | $11.7M | $-1.2M | ||
| Q3 25 | $1.5M | $-969.2K | ||
| Q2 25 | $15.8M | $211.7K | ||
| Q1 25 | $12.4M | $-2.0M | ||
| Q4 24 | $19.9M | $-421.3K | ||
| Q3 24 | $9.0M | $594.5K | ||
| Q2 24 | $9.6M | $-2.6M | ||
| Q1 24 | $7.0M | $-608.5K |
| Q4 25 | 8.8% | -1.5% | ||
| Q3 25 | 1.9% | -0.9% | ||
| Q2 25 | 15.0% | 0.3% | ||
| Q1 25 | 8.4% | -3.4% | ||
| Q4 24 | 18.6% | -0.4% | ||
| Q3 24 | 12.4% | 1.1% | ||
| Q2 24 | 11.2% | -3.4% | ||
| Q1 24 | 5.2% | -1.2% |
| Q4 25 | 0.5% | 0.0% | ||
| Q3 25 | 0.4% | 0.0% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.1% | 0.1% | ||
| Q4 24 | 0.7% | 0.0% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.2% | 0.0% | ||
| Q1 24 | 0.2% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
