vs
Side-by-side financial comparison of Fluent, Inc. (FLNT) 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 $61.8M, roughly 1.4× Fluent, Inc.). iQSTEL Inc runs the higher net margin — -3.2% vs -6.7%, a 3.5% gap on every dollar of revenue. On growth, Fluent, Inc. posted the faster year-over-year revenue change (-5.5% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -3.2%).
THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.
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.
FLNT vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.8M | $84.2M |
| Net Profit | $-4.1M | $-2.7M |
| Gross Margin | — | 3.5% |
| Operating Margin | 0.3% | -2.9% |
| Net Margin | -6.7% | -3.2% |
| Revenue YoY | -5.5% | -14.9% |
| Net Profit YoY | -20.1% | -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 | $61.8M | $84.2M | ||
| Q3 25 | $47.0M | $102.9M | ||
| Q2 25 | $44.7M | $72.2M | ||
| Q1 25 | $55.2M | $57.6M | ||
| Q4 24 | $65.4M | $98.9M | ||
| Q3 24 | $64.5M | $54.2M | ||
| Q2 24 | $58.7M | $78.6M | ||
| Q1 24 | $66.0M | $51.4M |
| Q4 25 | $-4.1M | $-2.7M | ||
| Q3 25 | $-7.6M | $-2.3M | ||
| Q2 25 | $-7.2M | $-2.3M | ||
| Q1 25 | $-8.3M | $-1.1M | ||
| Q4 24 | $-3.4M | $-1.9M | ||
| Q3 24 | $-7.9M | $-773.0K | ||
| Q2 24 | $-11.6M | $-2.0M | ||
| Q1 24 | $-6.3M | $-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 | 0.3% | -2.9% | ||
| Q3 25 | -13.4% | -0.5% | ||
| Q2 25 | -15.9% | -0.9% | ||
| Q1 25 | -12.8% | -1.0% | ||
| Q4 24 | -8.3% | -0.3% | ||
| Q3 24 | -6.0% | -0.1% | ||
| Q2 24 | -17.7% | -0.4% | ||
| Q1 24 | -6.0% | -0.4% |
| Q4 25 | -6.7% | -3.2% | ||
| Q3 25 | -16.1% | -2.3% | ||
| Q2 25 | -16.2% | -3.3% | ||
| Q1 25 | -15.0% | -2.0% | ||
| Q4 24 | -5.2% | -1.9% | ||
| Q3 24 | -12.3% | -1.4% | ||
| Q2 24 | -19.8% | -2.5% | ||
| Q1 24 | -9.5% | -1.1% |
| Q4 25 | $-0.09 | $-0.92 | ||
| Q3 25 | $-0.27 | $-0.68 | ||
| Q2 25 | $-0.30 | $-0.82 | ||
| Q1 25 | $-0.39 | $-0.44 | ||
| Q4 24 | $-0.12 | $-1.19 | ||
| Q3 24 | $-0.48 | $-0.40 | ||
| Q2 24 | $-0.75 | $-0.90 | ||
| Q1 24 | $-0.45 | $-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 | $12.9M | $2.2M |
| Total DebtLower is stronger | $34.6M | $4.1M |
| Stockholders' EquityBook value | $18.2M | $16.3M |
| Total Assets | $89.1M | $51.1M |
| Debt / EquityLower = less leverage | 1.90× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $2.2M | ||
| Q3 25 | $9.2M | $2.3M | ||
| Q2 25 | $4.9M | $2.0M | ||
| Q1 25 | $4.8M | $1.1M | ||
| Q4 24 | $9.4M | $2.5M | ||
| Q3 24 | $6.6M | $2.1M | ||
| Q2 24 | $5.0M | $797.2K | ||
| Q1 24 | $11.7M | $2.7M |
| Q4 25 | $34.6M | $4.1M | ||
| Q3 25 | $26.0M | $2.7M | ||
| Q2 25 | $23.2M | $4.5M | ||
| Q1 25 | $25.6M | $3.5M | ||
| Q4 24 | $35.6M | $2.5M | ||
| Q3 24 | $37.9M | $3.2M | ||
| Q2 24 | $33.3M | $2.5M | ||
| Q1 24 | $31.0M | $194.0K |
| Q4 25 | $18.2M | $16.3M | ||
| Q3 25 | $21.6M | $17.9M | ||
| Q2 25 | $19.1M | $14.3M | ||
| Q1 25 | $22.0M | $11.6M | ||
| Q4 24 | $25.0M | $11.9M | ||
| Q3 24 | $20.0M | $8.1M | ||
| Q2 24 | $27.5M | $7.6M | ||
| Q1 24 | $28.7M | $8.4M |
| Q4 25 | $89.1M | $51.1M | ||
| Q3 25 | $76.1M | $46.9M | ||
| Q2 25 | $74.5M | $51.4M | ||
| Q1 25 | $77.5M | $42.0M | ||
| Q4 24 | $93.6M | $79.0M | ||
| Q3 24 | $77.5M | $32.4M | ||
| Q2 24 | $98.5M | $30.0M | ||
| Q1 24 | $103.6M | $22.1M |
| Q4 25 | 1.90× | 0.25× | ||
| Q3 25 | 1.21× | 0.15× | ||
| Q2 25 | 1.21× | 0.31× | ||
| Q1 25 | 1.16× | 0.31× | ||
| Q4 24 | 1.43× | 0.21× | ||
| Q3 24 | 1.90× | 0.40× | ||
| Q2 24 | 1.21× | 0.34× | ||
| Q1 24 | 1.08× | 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 | $2.8M | $-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.
| Q4 25 | $2.8M | $-1.2M | ||
| Q3 25 | $-7.3M | $-953.0K | ||
| Q2 25 | $935.0K | $257.7K | ||
| Q1 25 | $2.1M | $-1.9M | ||
| Q4 24 | $-2.1M | $-403.7K | ||
| Q3 24 | $1.2M | $625.0K | ||
| Q2 24 | $-13.1M | $-2.6M | ||
| Q1 24 | $-132.0K | $-536.9K |
| Q4 25 | — | $-1.2M | ||
| Q3 25 | $-7.3M | $-969.2K | ||
| Q2 25 | — | $211.7K | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | — | $-421.3K | ||
| Q3 24 | $1.2M | $594.5K | ||
| Q2 24 | — | $-2.6M | ||
| Q1 24 | — | $-608.5K |
| Q4 25 | — | -1.5% | ||
| Q3 25 | -15.6% | -0.9% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | -3.4% | ||
| Q4 24 | — | -0.4% | ||
| Q3 24 | 1.9% | 1.1% | ||
| Q2 24 | — | -3.4% | ||
| Q1 24 | — | -1.2% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | 0.0% | 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
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
