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Side-by-side financial comparison of First Foundation Inc. (FFWM) 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 $48.4M, roughly 1.7× First Foundation Inc.). iQSTEL Inc runs the higher net margin — -3.2% vs -97.9%, a 94.7% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -14.9%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-35.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -2.7%).
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
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.
FFWM vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $84.2M |
| Net Profit | $-8.0M | $-2.7M |
| Gross Margin | — | 3.5% |
| Operating Margin | -97.5% | -2.9% |
| Net Margin | -97.9% | -3.2% |
| Revenue YoY | 421.7% | -14.9% |
| Net Profit YoY | 43.0% | -44.5% |
| EPS (diluted) | $-0.09 | $-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 | $48.4M | $84.2M | ||
| Q3 25 | $63.6M | $102.9M | ||
| Q2 25 | $51.4M | $72.2M | ||
| Q1 25 | $71.4M | $57.6M | ||
| Q4 24 | $9.3M | $98.9M | ||
| Q3 24 | $9.2M | $54.2M | ||
| Q2 24 | $57.5M | $78.6M | ||
| Q1 24 | $51.1M | $51.4M |
| Q4 25 | $-8.0M | $-2.7M | ||
| Q3 25 | $-146.3M | $-2.3M | ||
| Q2 25 | $-7.7M | $-2.3M | ||
| Q1 25 | $6.9M | $-1.1M | ||
| Q4 24 | $-14.1M | $-1.9M | ||
| Q3 24 | $-82.2M | $-773.0K | ||
| Q2 24 | $3.1M | $-2.0M | ||
| Q1 24 | $793.0K | $-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 | -97.5% | -2.9% | ||
| Q3 25 | -92.7% | -0.5% | ||
| Q2 25 | -21.1% | -0.9% | ||
| Q1 25 | 8.8% | -1.0% | ||
| Q4 24 | -247.7% | -0.3% | ||
| Q3 24 | -1276.7% | -0.1% | ||
| Q2 24 | 4.6% | -0.4% | ||
| Q1 24 | -0.2% | -0.4% |
| Q4 25 | -97.9% | -3.2% | ||
| Q3 25 | -230.1% | -2.3% | ||
| Q2 25 | -15.0% | -3.3% | ||
| Q1 25 | 9.7% | -2.0% | ||
| Q4 24 | -152.2% | -1.9% | ||
| Q3 24 | -896.9% | -1.4% | ||
| Q2 24 | 5.4% | -2.5% | ||
| Q1 24 | 1.6% | -1.1% |
| Q4 25 | $-0.09 | $-0.92 | ||
| Q3 25 | $-1.78 | $-0.68 | ||
| Q2 25 | $-0.09 | $-0.82 | ||
| Q1 25 | $0.08 | $-0.44 | ||
| Q4 24 | $-0.24 | $-1.19 | ||
| Q3 24 | $-1.23 | $-0.40 | ||
| Q2 24 | $0.05 | $-0.90 | ||
| Q1 24 | $0.01 | $-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 | $1.6B | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $912.6M | $16.3M |
| Total Assets | $11.9B | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $2.2M | ||
| Q3 25 | $1.7B | $2.3M | ||
| Q2 25 | $1.1B | $2.0M | ||
| Q1 25 | $1.0B | $1.1M | ||
| Q4 24 | $1.0B | $2.5M | ||
| Q3 24 | $1.1B | $2.1M | ||
| Q2 24 | $1.4B | $797.2K | ||
| Q1 24 | $1.6B | $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 | $912.6M | $16.3M | ||
| Q3 25 | $917.9M | $17.9M | ||
| Q2 25 | $1.1B | $14.3M | ||
| Q1 25 | $1.1B | $11.6M | ||
| Q4 24 | $1.1B | $11.9M | ||
| Q3 24 | $1.1B | $8.1M | ||
| Q2 24 | $933.2M | $7.6M | ||
| Q1 24 | $928.7M | $8.4M |
| Q4 25 | $11.9B | $51.1M | ||
| Q3 25 | $11.9B | $46.9M | ||
| Q2 25 | $11.6B | $51.4M | ||
| Q1 25 | $12.6B | $42.0M | ||
| Q4 24 | $12.6B | $79.0M | ||
| Q3 24 | $13.4B | $32.4M | ||
| Q2 24 | $13.7B | $30.0M | ||
| Q1 24 | $13.6B | $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 | $-31.9M | $-1.2M |
| Free Cash FlowOCF − Capex | $-35.2M | $-1.2M |
| FCF MarginFCF / Revenue | -72.8% | -1.5% |
| Capex IntensityCapex / Revenue | 6.9% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.9M | $-1.2M | ||
| Q3 25 | $9.2M | $-953.0K | ||
| Q2 25 | $-16.3M | $257.7K | ||
| Q1 25 | $-552.0K | $-1.9M | ||
| Q4 24 | $-8.7M | $-403.7K | ||
| Q3 24 | $14.2M | $625.0K | ||
| Q2 24 | $-9.1M | $-2.6M | ||
| Q1 24 | $7.2M | $-536.9K |
| Q4 25 | $-35.2M | $-1.2M | ||
| Q3 25 | $8.6M | $-969.2K | ||
| Q2 25 | $-16.7M | $211.7K | ||
| Q1 25 | $-2.5M | $-2.0M | ||
| Q4 24 | $-11.4M | $-421.3K | ||
| Q3 24 | $13.4M | $594.5K | ||
| Q2 24 | $-9.4M | $-2.6M | ||
| Q1 24 | $5.9M | $-608.5K |
| Q4 25 | -72.8% | -1.5% | ||
| Q3 25 | 13.5% | -0.9% | ||
| Q2 25 | -32.4% | 0.3% | ||
| Q1 25 | -3.5% | -3.4% | ||
| Q4 24 | -123.5% | -0.4% | ||
| Q3 24 | 146.2% | 1.1% | ||
| Q2 24 | -16.3% | -3.4% | ||
| Q1 24 | 11.6% | -1.2% |
| Q4 25 | 6.9% | 0.0% | ||
| Q3 25 | 1.0% | 0.0% | ||
| Q2 25 | 0.8% | 0.1% | ||
| Q1 25 | 2.8% | 0.1% | ||
| Q4 24 | 29.4% | 0.0% | ||
| Q3 24 | 9.0% | 0.1% | ||
| Q2 24 | 0.4% | 0.0% | ||
| Q1 24 | 2.5% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.96× | — | ||
| Q1 24 | 9.09× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFWM
Segment breakdown not available.
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
