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Side-by-side financial comparison of Primis Financial Corp. (FRST) 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 $45.6M, roughly 1.8× Primis Financial Corp.). Primis Financial Corp. runs the higher net margin — 16.0% vs -3.2%, a 19.2% gap on every dollar of revenue. Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 13.0%).
Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.
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.
FRST vs IQST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.6M | $84.2M |
| Net Profit | $7.3M | $-2.7M |
| Gross Margin | — | 3.5% |
| Operating Margin | — | -2.9% |
| Net Margin | 16.0% | -3.2% |
| Revenue YoY | — | -14.9% |
| Net Profit YoY | 200.0% | -44.5% |
| EPS (diluted) | $0.30 | $-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 | $45.6M | — | ||
| Q4 25 | $80.9M | $84.2M | ||
| Q3 25 | $41.0M | $102.9M | ||
| Q2 25 | $43.2M | $72.2M | ||
| Q1 25 | $58.7M | $57.6M | ||
| Q4 24 | $38.8M | $98.9M | ||
| Q3 24 | $37.3M | $54.2M | ||
| Q2 24 | $35.7M | $78.6M |
| Q1 26 | $7.3M | — | ||
| Q4 25 | $29.5M | $-2.7M | ||
| Q3 25 | $6.8M | $-2.3M | ||
| Q2 25 | $2.4M | $-2.3M | ||
| Q1 25 | $22.6M | $-1.1M | ||
| Q4 24 | $-26.2M | $-1.9M | ||
| Q3 24 | $1.2M | $-773.0K | ||
| Q2 24 | $3.4M | $-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 | 44.8% | -2.9% | ||
| Q3 25 | 21.3% | -0.5% | ||
| Q2 25 | 6.9% | -0.9% | ||
| Q1 25 | 41.9% | -1.0% | ||
| Q4 24 | -123.0% | -0.3% | ||
| Q3 24 | -3.1% | -0.1% | ||
| Q2 24 | 7.8% | -0.4% |
| Q1 26 | 16.0% | — | ||
| Q4 25 | 36.5% | -3.2% | ||
| Q3 25 | 16.7% | -2.3% | ||
| Q2 25 | 5.6% | -3.3% | ||
| Q1 25 | 38.6% | -2.0% | ||
| Q4 24 | -100.3% | -1.9% | ||
| Q3 24 | 3.3% | -1.4% | ||
| Q2 24 | 9.6% | -2.5% |
| Q1 26 | $0.30 | — | ||
| Q4 25 | $1.19 | $-0.92 | ||
| Q3 25 | $0.28 | $-0.68 | ||
| Q2 25 | $0.10 | $-0.82 | ||
| Q1 25 | $0.92 | $-0.44 | ||
| Q4 24 | $-0.95 | $-1.19 | ||
| Q3 24 | $0.05 | $-0.40 | ||
| Q2 24 | $0.14 | $-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 | $159.9M | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $427.2M | $16.3M |
| Total Assets | $4.3B | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $159.9M | — | ||
| Q4 25 | $143.6M | $2.2M | ||
| Q3 25 | $63.9M | $2.3M | ||
| Q2 25 | $94.1M | $2.0M | ||
| Q1 25 | $57.0M | $1.1M | ||
| Q4 24 | $64.5M | $2.5M | ||
| Q3 24 | $77.3M | $2.1M | ||
| Q2 24 | $66.6M | $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 | $427.2M | — | ||
| Q4 25 | $422.9M | $16.3M | ||
| Q3 25 | $382.2M | $17.9M | ||
| Q2 25 | $376.4M | $14.3M | ||
| Q1 25 | $375.6M | $11.6M | ||
| Q4 24 | $351.8M | $11.9M | ||
| Q3 24 | $381.0M | $8.1M | ||
| Q2 24 | $376.0M | $7.6M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.0B | $51.1M | ||
| Q3 25 | $4.0B | $46.9M | ||
| Q2 25 | $3.9B | $51.4M | ||
| Q1 25 | $3.7B | $42.0M | ||
| Q4 24 | $3.7B | $79.0M | ||
| Q3 24 | $4.0B | $32.4M | ||
| Q2 24 | $4.0B | $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 | $10.8M | $-1.2M | ||
| Q3 25 | $-11.4M | $-953.0K | ||
| Q2 25 | $-41.0M | $257.7K | ||
| Q1 25 | $34.4M | $-1.9M | ||
| Q4 24 | $19.5M | $-403.7K | ||
| Q3 24 | $6.1M | $625.0K | ||
| Q2 24 | $52.3M | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | $9.0M | $-1.2M | ||
| Q3 25 | — | $-969.2K | ||
| Q2 25 | — | $211.7K | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | $18.3M | $-421.3K | ||
| Q3 24 | — | $594.5K | ||
| Q2 24 | — | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | -1.5% | ||
| Q3 25 | — | -0.9% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | -3.4% | ||
| Q4 24 | 47.3% | -0.4% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | -3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 3.1% | 0.0% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.0% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.36× | — | ||
| Q3 25 | -1.67× | — | ||
| Q2 25 | -16.82× | — | ||
| Q1 25 | 1.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.93× | — | ||
| Q2 24 | 15.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRST
| Net Interest Income | $32.1M | 70% |
| Noninterest Income | $13.6M | 30% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
