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Side-by-side financial comparison of Elme Communities (ELME) 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 $62.1M, roughly 1.4× Elme Communities). iQSTEL Inc runs the higher net margin — -3.2% vs -198.9%, a 195.7% gap on every dollar of revenue. On growth, Elme Communities posted the faster year-over-year revenue change (1.7% vs -14.9%). Elme Communities produced more free cash flow last quarter ($7.2M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 2.7%).

Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.

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.

ELME vs IQST — Head-to-Head

Bigger by revenue
IQST
IQST
1.4× larger
IQST
$84.2M
$62.1M
ELME
Growing faster (revenue YoY)
ELME
ELME
+16.6% gap
ELME
1.7%
-14.9%
IQST
Higher net margin
IQST
IQST
195.7% more per $
IQST
-3.2%
-198.9%
ELME
More free cash flow
ELME
ELME
$8.5M more FCF
ELME
$7.2M
$-1.2M
IQST
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
2.7%
ELME

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ELME
ELME
IQST
IQST
Revenue
$62.1M
$84.2M
Net Profit
$-123.5M
$-2.7M
Gross Margin
61.1%
3.5%
Operating Margin
-183.3%
-2.9%
Net Margin
-198.9%
-3.2%
Revenue YoY
1.7%
-14.9%
Net Profit YoY
-4058.7%
-44.5%
EPS (diluted)
$-1.40
$-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
ELME
ELME
IQST
IQST
Q4 25
$84.2M
Q3 25
$62.1M
$102.9M
Q2 25
$62.1M
$72.2M
Q1 25
$61.5M
$57.6M
Q4 24
$61.3M
$98.9M
Q3 24
$61.1M
$54.2M
Q2 24
$60.1M
$78.6M
Q1 24
$59.5M
$51.4M
Net Profit
ELME
ELME
IQST
IQST
Q4 25
$-2.7M
Q3 25
$-123.5M
$-2.3M
Q2 25
$-3.6M
$-2.3M
Q1 25
$-4.7M
$-1.1M
Q4 24
$-3.0M
$-1.9M
Q3 24
$-3.0M
$-773.0K
Q2 24
$-3.5M
$-2.0M
Q1 24
$-3.6M
$-580.2K
Gross Margin
ELME
ELME
IQST
IQST
Q4 25
3.5%
Q3 25
61.1%
2.7%
Q2 25
63.5%
2.6%
Q1 25
64.2%
3.4%
Q4 24
62.9%
2.7%
Q3 24
63.5%
3.7%
Q2 24
63.4%
2.8%
Q1 24
63.5%
2.7%
Operating Margin
ELME
ELME
IQST
IQST
Q4 25
-2.9%
Q3 25
-183.3%
-0.5%
Q2 25
9.6%
-0.9%
Q1 25
7.8%
-1.0%
Q4 24
10.4%
-0.3%
Q3 24
11.0%
-0.1%
Q2 24
9.8%
-0.4%
Q1 24
7.5%
-0.4%
Net Margin
ELME
ELME
IQST
IQST
Q4 25
-3.2%
Q3 25
-198.9%
-2.3%
Q2 25
-5.7%
-3.3%
Q1 25
-7.6%
-2.0%
Q4 24
-4.9%
-1.9%
Q3 24
-4.9%
-1.4%
Q2 24
-5.8%
-2.5%
Q1 24
-6.1%
-1.1%
EPS (diluted)
ELME
ELME
IQST
IQST
Q4 25
$-0.92
Q3 25
$-1.40
$-0.68
Q2 25
$-0.04
$-0.82
Q1 25
$-0.05
$-0.44
Q4 24
$-0.04
$-1.19
Q3 24
$-0.03
$-0.40
Q2 24
$-0.04
$-0.90
Q1 24
$-0.04
$-0.37

Balance Sheet & Financial Strength

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

Metric
ELME
ELME
IQST
IQST
Cash + ST InvestmentsLiquidity on hand
$7.1M
$2.2M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$908.9M
$16.3M
Total Assets
$1.7B
$51.1M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELME
ELME
IQST
IQST
Q4 25
$2.2M
Q3 25
$7.1M
$2.3M
Q2 25
$4.8M
$2.0M
Q1 25
$6.4M
$1.1M
Q4 24
$6.1M
$2.5M
Q3 24
$4.8M
$2.1M
Q2 24
$5.6M
$797.2K
Q1 24
$4.2M
$2.7M
Total Debt
ELME
ELME
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
ELME
ELME
IQST
IQST
Q4 25
$16.3M
Q3 25
$908.9M
$17.9M
Q2 25
$1.0B
$14.3M
Q1 25
$1.1B
$11.6M
Q4 24
$1.1B
$11.9M
Q3 24
$1.1B
$8.1M
Q2 24
$1.1B
$7.6M
Q1 24
$1.1B
$8.4M
Total Assets
ELME
ELME
IQST
IQST
Q4 25
$51.1M
Q3 25
$1.7B
$46.9M
Q2 25
$1.8B
$51.4M
Q1 25
$1.8B
$42.0M
Q4 24
$1.8B
$79.0M
Q3 24
$1.9B
$32.4M
Q2 24
$1.9B
$30.0M
Q1 24
$1.9B
$22.1M
Debt / Equity
ELME
ELME
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
ELME
ELME
IQST
IQST
Operating Cash FlowLast quarter
$15.9M
$-1.2M
Free Cash FlowOCF − Capex
$7.2M
$-1.2M
FCF MarginFCF / Revenue
11.6%
-1.5%
Capex IntensityCapex / Revenue
14.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$86.7M
$-4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELME
ELME
IQST
IQST
Q4 25
$-1.2M
Q3 25
$15.9M
$-953.0K
Q2 25
$29.8M
$257.7K
Q1 25
$16.2M
$-1.9M
Q4 24
$95.2M
$-403.7K
Q3 24
$20.7M
$625.0K
Q2 24
$28.9M
$-2.6M
Q1 24
$21.2M
$-536.9K
Free Cash Flow
ELME
ELME
IQST
IQST
Q4 25
$-1.2M
Q3 25
$7.2M
$-969.2K
Q2 25
$21.1M
$211.7K
Q1 25
$10.5M
$-2.0M
Q4 24
$47.9M
$-421.3K
Q3 24
$8.8M
$594.5K
Q2 24
$21.0M
$-2.6M
Q1 24
$7.6M
$-608.5K
FCF Margin
ELME
ELME
IQST
IQST
Q4 25
-1.5%
Q3 25
11.6%
-0.9%
Q2 25
34.1%
0.3%
Q1 25
17.1%
-3.4%
Q4 24
78.1%
-0.4%
Q3 24
14.4%
1.1%
Q2 24
34.9%
-3.4%
Q1 24
12.8%
-1.2%
Capex Intensity
ELME
ELME
IQST
IQST
Q4 25
0.0%
Q3 25
14.0%
0.0%
Q2 25
14.0%
0.1%
Q1 25
9.2%
0.1%
Q4 24
77.4%
0.0%
Q3 24
19.4%
0.1%
Q2 24
13.1%
0.0%
Q1 24
22.9%
0.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELME
ELME

Residential Segment$57.7M93%
Other$4.4M7%

IQST
IQST

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

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