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

Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $84.2M, roughly 1.4× iQSTEL Inc). Hippo Holdings Inc. runs the higher net margin — 5.0% vs -3.2%, a 8.2% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs -14.9%). Hippo Holdings Inc. produced more free cash flow last quarter ($9.1M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 18.9%).

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

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.

HIPO vs IQST — Head-to-Head

Bigger by revenue
HIPO
HIPO
1.4× larger
HIPO
$120.4M
$84.2M
IQST
Growing faster (revenue YoY)
HIPO
HIPO
+33.0% gap
HIPO
18.2%
-14.9%
IQST
Higher net margin
HIPO
HIPO
8.2% more per $
HIPO
5.0%
-3.2%
IQST
More free cash flow
HIPO
HIPO
$10.3M more FCF
HIPO
$9.1M
$-1.2M
IQST
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
18.9%
HIPO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HIPO
HIPO
IQST
IQST
Revenue
$120.4M
$84.2M
Net Profit
$6.0M
$-2.7M
Gross Margin
3.5%
Operating Margin
5.6%
-2.9%
Net Margin
5.0%
-3.2%
Revenue YoY
18.2%
-14.9%
Net Profit YoY
-86.4%
-44.5%
EPS (diluted)
$0.31
$-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
HIPO
HIPO
IQST
IQST
Q4 25
$120.4M
$84.2M
Q3 25
$120.6M
$102.9M
Q2 25
$117.3M
$72.2M
Q1 25
$110.3M
$57.6M
Q4 24
$101.9M
$98.9M
Q3 24
$95.5M
$54.2M
Q2 24
$89.6M
$78.6M
Q1 24
$85.1M
$51.4M
Net Profit
HIPO
HIPO
IQST
IQST
Q4 25
$6.0M
$-2.7M
Q3 25
$98.1M
$-2.3M
Q2 25
$1.3M
$-2.3M
Q1 25
$-47.7M
$-1.1M
Q4 24
$44.2M
$-1.9M
Q3 24
$-8.5M
$-773.0K
Q2 24
$-40.5M
$-2.0M
Q1 24
$-35.7M
$-580.2K
Gross Margin
HIPO
HIPO
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
HIPO
HIPO
IQST
IQST
Q4 25
5.6%
-2.9%
Q3 25
81.3%
-0.5%
Q2 25
3.4%
-0.9%
Q1 25
-41.3%
-1.0%
Q4 24
46.3%
-0.3%
Q3 24
-5.4%
-0.1%
Q2 24
-40.7%
-0.4%
Q1 24
-38.7%
-0.4%
Net Margin
HIPO
HIPO
IQST
IQST
Q4 25
5.0%
-3.2%
Q3 25
81.3%
-2.3%
Q2 25
1.1%
-3.3%
Q1 25
-43.2%
-2.0%
Q4 24
43.4%
-1.9%
Q3 24
-8.9%
-1.4%
Q2 24
-45.2%
-2.5%
Q1 24
-42.0%
-1.1%
EPS (diluted)
HIPO
HIPO
IQST
IQST
Q4 25
$0.31
$-0.92
Q3 25
$3.77
$-0.68
Q2 25
$0.05
$-0.82
Q1 25
$-1.91
$-0.44
Q4 24
$1.81
$-1.19
Q3 24
$-0.34
$-0.40
Q2 24
$-1.64
$-0.90
Q1 24
$-1.47
$-0.37

Balance Sheet & Financial Strength

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

Metric
HIPO
HIPO
IQST
IQST
Cash + ST InvestmentsLiquidity on hand
$218.3M
$2.2M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$436.1M
$16.3M
Total Assets
$1.9B
$51.1M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIPO
HIPO
IQST
IQST
Q4 25
$218.3M
$2.2M
Q3 25
$247.7M
$2.3M
Q2 25
$198.9M
$2.0M
Q1 25
$140.9M
$1.1M
Q4 24
$197.6M
$2.5M
Q3 24
$191.2M
$2.1M
Q2 24
$175.9M
$797.2K
Q1 24
$223.4M
$2.7M
Total Debt
HIPO
HIPO
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
HIPO
HIPO
IQST
IQST
Q4 25
$436.1M
$16.3M
Q3 25
$421.5M
$17.9M
Q2 25
$332.5M
$14.3M
Q1 25
$322.8M
$11.6M
Q4 24
$362.1M
$11.9M
Q3 24
$326.4M
$8.1M
Q2 24
$322.6M
$7.6M
Q1 24
$351.2M
$8.4M
Total Assets
HIPO
HIPO
IQST
IQST
Q4 25
$1.9B
$51.1M
Q3 25
$1.9B
$46.9M
Q2 25
$1.7B
$51.4M
Q1 25
$1.5B
$42.0M
Q4 24
$1.5B
$79.0M
Q3 24
$1.5B
$32.4M
Q2 24
$1.5B
$30.0M
Q1 24
$1.5B
$22.1M
Debt / Equity
HIPO
HIPO
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
HIPO
HIPO
IQST
IQST
Operating Cash FlowLast quarter
$9.2M
$-1.2M
Free Cash FlowOCF − Capex
$9.1M
$-1.2M
FCF MarginFCF / Revenue
7.6%
-1.5%
Capex IntensityCapex / Revenue
0.1%
0.0%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$14.8M
$-4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIPO
HIPO
IQST
IQST
Q4 25
$9.2M
$-1.2M
Q3 25
$16.9M
$-953.0K
Q2 25
$24.7M
$257.7K
Q1 25
$-35.6M
$-1.9M
Q4 24
$47.5M
$-403.7K
Q3 24
$46.8M
$625.0K
Q2 24
$-10.6M
$-2.6M
Q1 24
$17.7M
$-536.9K
Free Cash Flow
HIPO
HIPO
IQST
IQST
Q4 25
$9.1M
$-1.2M
Q3 25
$16.8M
$-969.2K
Q2 25
$24.6M
$211.7K
Q1 25
$-35.7M
$-2.0M
Q4 24
$47.2M
$-421.3K
Q3 24
$594.5K
Q2 24
$-10.7M
$-2.6M
Q1 24
$17.6M
$-608.5K
FCF Margin
HIPO
HIPO
IQST
IQST
Q4 25
7.6%
-1.5%
Q3 25
13.9%
-0.9%
Q2 25
21.0%
0.3%
Q1 25
-32.4%
-3.4%
Q4 24
46.3%
-0.4%
Q3 24
1.1%
Q2 24
-11.9%
-3.4%
Q1 24
20.7%
-1.2%
Capex Intensity
HIPO
HIPO
IQST
IQST
Q4 25
0.1%
0.0%
Q3 25
0.1%
0.0%
Q2 25
0.1%
0.1%
Q1 25
0.1%
0.1%
Q4 24
0.3%
0.0%
Q3 24
0.0%
0.1%
Q2 24
0.1%
0.0%
Q1 24
0.1%
0.1%
Cash Conversion
HIPO
HIPO
IQST
IQST
Q4 25
1.53×
Q3 25
0.17×
Q2 25
19.00×
Q1 25
Q4 24
1.07×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HIPO
HIPO

Segment breakdown not available.

IQST
IQST

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

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