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Side-by-side financial comparison of Finwise Bancorp (FINW) 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 $42.7M, roughly 2.0× Finwise Bancorp). Finwise Bancorp runs the higher net margin — 6.4% vs -3.2%, a 9.6% gap on every dollar of revenue. Over the past eight quarters, Finwise Bancorp's revenue compounded faster (47.0% CAGR vs 28.0%).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
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.
FINW vs IQST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $42.7M | $84.2M |
| Net Profit | $2.7M | $-2.7M |
| Gross Margin | — | 3.5% |
| Operating Margin | — | -2.9% |
| Net Margin | 6.4% | -3.2% |
| Revenue YoY | — | -14.9% |
| Net Profit YoY | — | -44.5% |
| EPS (diluted) | $0.20 | $-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.
| Q1 26 | $42.7M | — | ||
| Q4 25 | $46.9M | $84.2M | ||
| Q3 25 | $36.7M | $102.9M | ||
| Q2 25 | $25.1M | $72.2M | ||
| Q1 25 | $22.1M | $57.6M | ||
| Q4 24 | $21.1M | $98.9M | ||
| Q3 24 | $20.8M | $54.2M | ||
| Q2 24 | $19.8M | $78.6M |
| Q1 26 | $2.7M | — | ||
| Q4 25 | $3.9M | $-2.7M | ||
| Q3 25 | $4.9M | $-2.3M | ||
| Q2 25 | $4.1M | $-2.3M | ||
| Q1 25 | $3.2M | $-1.1M | ||
| Q4 24 | $2.8M | $-1.9M | ||
| Q3 24 | $3.5M | $-773.0K | ||
| Q2 24 | $3.2M | $-2.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 11.7% | -2.9% | ||
| Q3 25 | 17.5% | -0.5% | ||
| Q2 25 | 21.7% | -0.9% | ||
| Q1 25 | 20.1% | -1.0% | ||
| Q4 24 | 17.5% | -0.3% | ||
| Q3 24 | 22.2% | -0.1% | ||
| Q2 24 | 21.1% | -0.4% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 8.4% | -3.2% | ||
| Q3 25 | 13.3% | -2.3% | ||
| Q2 25 | 16.3% | -3.3% | ||
| Q1 25 | 14.4% | -2.0% | ||
| Q4 24 | 13.2% | -1.9% | ||
| Q3 24 | 16.6% | -1.4% | ||
| Q2 24 | 16.1% | -2.5% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.27 | $-0.92 | ||
| Q3 25 | $0.34 | $-0.68 | ||
| Q2 25 | $0.29 | $-0.82 | ||
| Q1 25 | $0.23 | $-0.44 | ||
| Q4 24 | $0.19 | $-1.19 | ||
| Q3 24 | $0.25 | $-0.40 | ||
| Q2 24 | $0.24 | $-0.90 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $196.6M | $16.3M |
| Total Assets | $899.4M | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $163.4M | $2.2M | ||
| Q3 25 | $105.6M | $2.3M | ||
| Q2 25 | $90.1M | $2.0M | ||
| Q1 25 | $120.3M | $1.1M | ||
| Q4 24 | $109.2M | $2.5M | ||
| Q3 24 | $85.8M | $2.1M | ||
| Q2 24 | $89.0M | $797.2K |
| Q1 26 | — | — | ||
| 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 26 | $196.6M | — | ||
| Q4 25 | $193.2M | $16.3M | ||
| Q3 25 | $187.8M | $17.9M | ||
| Q2 25 | $182.0M | $14.3M | ||
| Q1 25 | $177.4M | $11.6M | ||
| Q4 24 | $173.7M | $11.9M | ||
| Q3 24 | $170.4M | $8.1M | ||
| Q2 24 | $165.8M | $7.6M |
| Q1 26 | $899.4M | — | ||
| Q4 25 | $977.1M | $51.1M | ||
| Q3 25 | $899.9M | $46.9M | ||
| Q2 25 | $842.5M | $51.4M | ||
| Q1 25 | $804.1M | $42.0M | ||
| Q4 24 | $746.0M | $79.0M | ||
| Q3 24 | $683.0M | $32.4M | ||
| Q2 24 | $617.8M | $30.0M |
| Q1 26 | — | — | ||
| 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× |
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 | — | $-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.
| Q1 26 | — | — | ||
| Q4 25 | $-28.4M | $-1.2M | ||
| Q3 25 | $3.5M | $-953.0K | ||
| Q2 25 | $-18.3M | $257.7K | ||
| Q1 25 | $-21.6M | $-1.9M | ||
| Q4 24 | $-15.0M | $-403.7K | ||
| Q3 24 | $-9.8M | $625.0K | ||
| Q2 24 | $-7.6M | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | $-1.2M | ||
| Q3 25 | $3.4M | $-969.2K | ||
| Q2 25 | $-19.8M | $211.7K | ||
| Q1 25 | $-23.3M | $-2.0M | ||
| Q4 24 | $-16.1M | $-421.3K | ||
| Q3 24 | $-13.4M | $594.5K | ||
| Q2 24 | $-7.7M | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | -61.1% | -1.5% | ||
| Q3 25 | 9.4% | -0.9% | ||
| Q2 25 | -79.0% | 0.3% | ||
| Q1 25 | -105.3% | -3.4% | ||
| Q4 24 | -76.0% | -0.4% | ||
| Q3 24 | -64.3% | 1.1% | ||
| Q2 24 | -38.7% | -3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.0% | ||
| Q3 25 | 0.1% | 0.0% | ||
| Q2 25 | 5.8% | 0.1% | ||
| Q1 25 | 7.4% | 0.1% | ||
| Q4 24 | 5.1% | 0.0% | ||
| Q3 24 | 17.2% | 0.1% | ||
| Q2 24 | 0.3% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | -7.26× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | -4.48× | — | ||
| Q1 25 | -6.78× | — | ||
| Q4 24 | -5.37× | — | ||
| Q3 24 | -2.84× | — | ||
| Q2 24 | -2.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
