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Side-by-side financial comparison of Galiano Gold Inc. (GAU) and iQSTEL Inc (IQST). Click either name above to swap in a different company.

Galiano Gold Inc. is the larger business by last-quarter revenue ($166.8M vs $84.2M, roughly 2.0× iQSTEL Inc). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 1.3%).

Galiano Gold Inc. is a Canada-based mineral exploration and production firm focused on gold assets. Its core operation is the Asanko Gold Mine in Ghana, West Africa. It extracts, processes and sells gold products to global precious metals markets, catering to both industrial clients and investment sector purchasers.

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.

GAU vs IQST — Head-to-Head

Bigger by revenue
GAU
GAU
2.0× larger
GAU
$166.8M
$84.2M
IQST
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
1.3%
GAU

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GAU
GAU
IQST
IQST
Revenue
$166.8M
$84.2M
Net Profit
$-2.7M
Gross Margin
3.5%
Operating Margin
24.3%
-2.9%
Net Margin
-3.2%
Revenue YoY
-14.9%
Net Profit YoY
-44.5%
EPS (diluted)
$-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
GAU
GAU
IQST
IQST
Q4 25
$84.2M
Q3 25
$166.8M
$102.9M
Q2 25
$95.7M
$72.2M
Q1 25
$31.7M
$57.6M
Q4 24
$98.9M
Q3 24
$71.1M
$54.2M
Q2 24
$64.0M
$78.6M
Q1 24
$31.7M
$51.4M
Net Profit
GAU
GAU
IQST
IQST
Q4 25
$-2.7M
Q3 25
$-2.3M
Q2 25
$4.1M
$-2.3M
Q1 25
$-3.2M
$-1.1M
Q4 24
$-1.9M
Q3 24
$1.1M
$-773.0K
Q2 24
$8.8M
$-2.0M
Q1 24
$-580.2K
Gross Margin
GAU
GAU
IQST
IQST
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%
Operating Margin
GAU
GAU
IQST
IQST
Q4 25
-2.9%
Q3 25
24.3%
-0.5%
Q2 25
18.4%
-0.9%
Q1 25
8.2%
-1.0%
Q4 24
-0.3%
Q3 24
-0.1%
Q2 24
-0.4%
Q1 24
17.2%
-0.4%
Net Margin
GAU
GAU
IQST
IQST
Q4 25
-3.2%
Q3 25
-2.3%
Q2 25
4.3%
-3.3%
Q1 25
-10.1%
-2.0%
Q4 24
-1.9%
Q3 24
1.5%
-1.4%
Q2 24
13.8%
-2.5%
Q1 24
-1.1%
EPS (diluted)
GAU
GAU
IQST
IQST
Q4 25
$-0.92
Q3 25
$-0.68
Q2 25
$-0.82
Q1 25
$-0.44
Q4 24
$-1.19
Q3 24
$-0.40
Q2 24
$-0.90
Q1 24
$-0.37

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GAU
GAU
IQST
IQST
Q4 25
$2.2M
Q3 25
$2.3M
Q2 25
$2.0M
Q1 25
$1.1M
Q4 24
$2.5M
Q3 24
$2.1M
Q2 24
$797.2K
Q1 24
$2.7M
Total Debt
GAU
GAU
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
GAU
GAU
IQST
IQST
Q4 25
$16.3M
Q3 25
$17.9M
Q2 25
$14.3M
Q1 25
$11.6M
Q4 24
$11.9M
Q3 24
$8.1M
Q2 24
$7.6M
Q1 24
$8.4M
Total Assets
GAU
GAU
IQST
IQST
Q4 25
$51.1M
Q3 25
$46.9M
Q2 25
$51.4M
Q1 25
$42.0M
Q4 24
$79.0M
Q3 24
$32.4M
Q2 24
$30.0M
Q1 24
$22.1M
Debt / Equity
GAU
GAU
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
GAU
GAU
IQST
IQST
Operating Cash FlowLast quarter
$41.9M
$-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.

Operating Cash Flow
GAU
GAU
IQST
IQST
Q4 25
$-1.2M
Q3 25
$41.9M
$-953.0K
Q2 25
$17.5M
$257.7K
Q1 25
$13.0M
$-1.9M
Q4 24
$-403.7K
Q3 24
$28.6M
$625.0K
Q2 24
$9.2M
$-2.6M
Q1 24
$-536.9K
Free Cash Flow
GAU
GAU
IQST
IQST
Q4 25
$-1.2M
Q3 25
$-969.2K
Q2 25
$211.7K
Q1 25
$-2.0M
Q4 24
$-421.3K
Q3 24
$594.5K
Q2 24
$-2.6M
Q1 24
$-608.5K
FCF Margin
GAU
GAU
IQST
IQST
Q4 25
-1.5%
Q3 25
-0.9%
Q2 25
0.3%
Q1 25
-3.4%
Q4 24
-0.4%
Q3 24
1.1%
Q2 24
-3.4%
Q1 24
-1.2%
Capex Intensity
GAU
GAU
IQST
IQST
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.0%
Q1 24
0.1%
Cash Conversion
GAU
GAU
IQST
IQST
Q4 25
Q3 25
Q2 25
4.30×
Q1 25
Q4 24
Q3 24
26.04×
Q2 24
1.05×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GAU
GAU

Segment breakdown not available.

IQST
IQST

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

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