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Side-by-side financial comparison of GEN Restaurant Group, Inc. (GENK) 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 $49.7M, roughly 1.7× GEN Restaurant Group, Inc.). iQSTEL Inc runs the higher net margin — -3.2% vs -3.8%, a 0.6% gap on every dollar of revenue. On growth, GEN Restaurant Group, Inc. posted the faster year-over-year revenue change (-9.0% vs -14.9%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-5.6M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -1.0%).

Gen Korean BBQ is an American chain of all-you-can-eat Korean barbecue restaurants mainly concentrated around the Western U.S. It opened in 2011, and has since grown to 43 locations as of 2024.

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.

GENK vs IQST — Head-to-Head

Bigger by revenue
IQST
IQST
1.7× larger
IQST
$84.2M
$49.7M
GENK
Growing faster (revenue YoY)
GENK
GENK
+5.9% gap
GENK
-9.0%
-14.9%
IQST
Higher net margin
IQST
IQST
0.6% more per $
IQST
-3.2%
-3.8%
GENK
More free cash flow
IQST
IQST
$4.4M more FCF
IQST
$-1.2M
$-5.6M
GENK
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
-1.0%
GENK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GENK
GENK
IQST
IQST
Revenue
$49.7M
$84.2M
Net Profit
$-1.9M
$-2.7M
Gross Margin
3.5%
Operating Margin
-24.5%
-2.9%
Net Margin
-3.8%
-3.2%
Revenue YoY
-9.0%
-14.9%
Net Profit YoY
-821.4%
-44.5%
EPS (diluted)
$-0.37
$-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
GENK
GENK
IQST
IQST
Q4 25
$49.7M
$84.2M
Q3 25
$50.4M
$102.9M
Q2 25
$55.0M
$72.2M
Q1 25
$57.3M
$57.6M
Q4 24
$54.7M
$98.9M
Q3 24
$49.1M
$54.2M
Q2 24
$53.9M
$78.6M
Q1 24
$50.8M
$51.4M
Net Profit
GENK
GENK
IQST
IQST
Q4 25
$-1.9M
$-2.7M
Q3 25
$-566.0K
$-2.3M
Q2 25
$-261.0K
$-2.3M
Q1 25
$-301.0K
$-1.1M
Q4 24
$-206.0K
$-1.9M
Q3 24
$25.0K
$-773.0K
Q2 24
$277.0K
$-2.0M
Q1 24
$496.0K
$-580.2K
Gross Margin
GENK
GENK
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
GENK
GENK
IQST
IQST
Q4 25
-24.5%
-2.9%
Q3 25
-7.4%
-0.5%
Q2 25
-3.4%
-0.9%
Q1 25
-3.8%
-1.0%
Q4 24
-2.4%
-0.3%
Q3 24
0.2%
-0.1%
Q2 24
3.0%
-0.4%
Q1 24
0.2%
-0.4%
Net Margin
GENK
GENK
IQST
IQST
Q4 25
-3.8%
-3.2%
Q3 25
-1.1%
-2.3%
Q2 25
-0.5%
-3.3%
Q1 25
-0.5%
-2.0%
Q4 24
-0.4%
-1.9%
Q3 24
0.1%
-1.4%
Q2 24
0.5%
-2.5%
Q1 24
1.0%
-1.1%
EPS (diluted)
GENK
GENK
IQST
IQST
Q4 25
$-0.37
$-0.92
Q3 25
$-0.11
$-0.68
Q2 25
$-0.05
$-0.82
Q1 25
$-0.06
$-0.44
Q4 24
$-0.05
$-1.19
Q3 24
$0.01
$-0.40
Q2 24
$0.06
$-0.90
Q1 24
$0.11
$-0.37

Balance Sheet & Financial Strength

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

Metric
GENK
GENK
IQST
IQST
Cash + ST InvestmentsLiquidity on hand
$2.8M
$2.2M
Total DebtLower is stronger
$13.6M
$4.1M
Stockholders' EquityBook value
$26.5M
$16.3M
Total Assets
$259.9M
$51.1M
Debt / EquityLower = less leverage
0.51×
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GENK
GENK
IQST
IQST
Q4 25
$2.8M
$2.2M
Q3 25
$4.8M
$2.3M
Q2 25
$9.6M
$2.0M
Q1 25
$15.4M
$1.1M
Q4 24
$23.7M
$2.5M
Q3 24
$22.1M
$2.1M
Q2 24
$29.2M
$797.2K
Q1 24
$28.1M
$2.7M
Total Debt
GENK
GENK
IQST
IQST
Q4 25
$13.6M
$4.1M
Q3 25
$10.8M
$2.7M
Q2 25
$7.8M
$4.5M
Q1 25
$6.5M
$3.5M
Q4 24
$6.9M
$2.5M
Q3 24
$7.2M
$3.2M
Q2 24
$7.6M
$2.5M
Q1 24
$7.7M
$194.0K
Stockholders' Equity
GENK
GENK
IQST
IQST
Q4 25
$26.5M
$16.3M
Q3 25
$38.1M
$17.9M
Q2 25
$41.0M
$14.3M
Q1 25
$42.8M
$11.6M
Q4 24
$44.1M
$11.9M
Q3 24
$46.5M
$8.1M
Q2 24
$45.9M
$7.6M
Q1 24
$40.4M
$8.4M
Total Assets
GENK
GENK
IQST
IQST
Q4 25
$259.9M
$51.1M
Q3 25
$245.5M
$46.9M
Q2 25
$246.3M
$51.4M
Q1 25
$232.4M
$42.0M
Q4 24
$240.4M
$79.0M
Q3 24
$225.7M
$32.4M
Q2 24
$218.8M
$30.0M
Q1 24
$214.5M
$22.1M
Debt / Equity
GENK
GENK
IQST
IQST
Q4 25
0.51×
0.25×
Q3 25
0.28×
0.15×
Q2 25
0.19×
0.31×
Q1 25
0.15×
0.31×
Q4 24
0.16×
0.21×
Q3 24
0.16×
0.40×
Q2 24
0.17×
0.34×
Q1 24
0.19×
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
GENK
GENK
IQST
IQST
Operating Cash FlowLast quarter
$-426.0K
$-1.2M
Free Cash FlowOCF − Capex
$-5.6M
$-1.2M
FCF MarginFCF / Revenue
-11.3%
-1.5%
Capex IntensityCapex / Revenue
10.5%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-24.3M
$-4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GENK
GENK
IQST
IQST
Q4 25
$-426.0K
$-1.2M
Q3 25
$-1.6M
$-953.0K
Q2 25
$3.3M
$257.7K
Q1 25
$2.2M
$-1.9M
Q4 24
$7.3M
$-403.7K
Q3 24
$1.4M
$625.0K
Q2 24
$5.6M
$-2.6M
Q1 24
$3.5M
$-536.9K
Free Cash Flow
GENK
GENK
IQST
IQST
Q4 25
$-5.6M
$-1.2M
Q3 25
$-7.7M
$-969.2K
Q2 25
$-6.3M
$211.7K
Q1 25
$-4.7M
$-2.0M
Q4 24
$165.0K
$-421.3K
Q3 24
$-6.8M
$594.5K
Q2 24
$1.2M
$-2.6M
Q1 24
$-586.0K
$-608.5K
FCF Margin
GENK
GENK
IQST
IQST
Q4 25
-11.3%
-1.5%
Q3 25
-15.3%
-0.9%
Q2 25
-11.5%
0.3%
Q1 25
-8.2%
-3.4%
Q4 24
0.3%
-0.4%
Q3 24
-13.9%
1.1%
Q2 24
2.3%
-3.4%
Q1 24
-1.2%
-1.2%
Capex Intensity
GENK
GENK
IQST
IQST
Q4 25
10.5%
0.0%
Q3 25
12.0%
0.0%
Q2 25
17.5%
0.1%
Q1 25
11.9%
0.1%
Q4 24
13.1%
0.0%
Q3 24
16.9%
0.1%
Q2 24
8.0%
0.0%
Q1 24
8.1%
0.1%
Cash Conversion
GENK
GENK
IQST
IQST
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
57.96×
Q2 24
20.06×
Q1 24
7.08×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GENK
GENK

Segment breakdown not available.

IQST
IQST

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

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