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Side-by-side financial comparison of iQSTEL Inc (IQST) and Inspirato Inc (ISPO). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $55.5M, roughly 1.5× Inspirato Inc). iQSTEL Inc runs the higher net margin — -3.2% vs -8.1%, a 4.9% gap on every dollar of revenue. On growth, iQSTEL Inc posted the faster year-over-year revenue change (-14.9% vs -19.6%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-3.0M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -11.4%).
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.
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
IQST vs ISPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $55.5M |
| Net Profit | $-2.7M | $-4.5M |
| Gross Margin | 3.5% | 31.4% |
| Operating Margin | -2.9% | -8.0% |
| Net Margin | -3.2% | -8.1% |
| Revenue YoY | -14.9% | -19.6% |
| Net Profit YoY | -44.5% | -204.4% |
| EPS (diluted) | $-0.92 | $-0.36 |
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 | $84.2M | — | ||
| Q3 25 | $102.9M | $55.5M | ||
| Q2 25 | $72.2M | $63.1M | ||
| Q1 25 | $57.6M | $65.9M | ||
| Q4 24 | $98.9M | $63.1M | ||
| Q3 24 | $54.2M | $69.1M | ||
| Q2 24 | $78.6M | $67.4M | ||
| Q1 24 | $51.4M | $80.2M |
| Q4 25 | $-2.7M | — | ||
| Q3 25 | $-2.3M | $-4.5M | ||
| Q2 25 | $-2.3M | $-5.3M | ||
| Q1 25 | $-1.1M | $1.6M | ||
| Q4 24 | $-1.9M | $-2.3M | ||
| Q3 24 | $-773.0K | $4.3M | ||
| Q2 24 | $-2.0M | $-8.7M | ||
| Q1 24 | $-580.2K | $1.3M |
| Q4 25 | 3.5% | — | ||
| Q3 25 | 2.7% | 31.4% | ||
| Q2 25 | 2.6% | 27.5% | ||
| Q1 25 | 3.4% | 38.8% | ||
| Q4 24 | 2.7% | 34.7% | ||
| Q3 24 | 3.7% | 71.5% | ||
| Q2 24 | 2.8% | 24.0% | ||
| Q1 24 | 2.7% | 39.5% |
| Q4 25 | -2.9% | — | ||
| Q3 25 | -0.5% | -8.0% | ||
| Q2 25 | -0.9% | -8.3% | ||
| Q1 25 | -1.0% | 2.5% | ||
| Q4 24 | -0.3% | -3.2% | ||
| Q3 24 | -0.1% | 9.8% | ||
| Q2 24 | -0.4% | -22.8% | ||
| Q1 24 | -0.4% | 3.0% |
| Q4 25 | -3.2% | — | ||
| Q3 25 | -2.3% | -8.1% | ||
| Q2 25 | -3.3% | -8.4% | ||
| Q1 25 | -2.0% | 2.5% | ||
| Q4 24 | -1.9% | -3.6% | ||
| Q3 24 | -1.4% | 6.3% | ||
| Q2 24 | -2.5% | -12.9% | ||
| Q1 24 | -1.1% | 1.6% |
| Q4 25 | $-0.92 | — | ||
| Q3 25 | $-0.68 | $-0.36 | ||
| Q2 25 | $-0.82 | $-0.42 | ||
| Q1 25 | $-0.44 | $0.12 | ||
| Q4 24 | $-1.19 | $0.98 | ||
| Q3 24 | $-0.40 | $0.62 | ||
| Q2 24 | $-0.90 | $-2.33 | ||
| Q1 24 | $-0.37 | $-0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.2M | $13.7M |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $16.3M | $-134.0M |
| Total Assets | $51.1M | $228.3M |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | — | ||
| Q3 25 | $2.3M | $13.7M | ||
| Q2 25 | $2.0M | $16.7M | ||
| Q1 25 | $1.1M | $16.4M | ||
| Q4 24 | $2.5M | $21.8M | ||
| Q3 24 | $2.1M | $13.5M | ||
| Q2 24 | $797.2K | $18.8M | ||
| Q1 24 | $2.7M | $22.6M |
| 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 | — |
| Q4 25 | $16.3M | — | ||
| Q3 25 | $17.9M | $-134.0M | ||
| Q2 25 | $14.3M | $-129.7M | ||
| Q1 25 | $11.6M | $-125.2M | ||
| Q4 24 | $11.9M | $-129.9M | ||
| Q3 24 | $8.1M | $-134.6M | ||
| Q2 24 | $7.6M | $-35.2M | ||
| Q1 24 | $8.4M | $-27.5M |
| Q4 25 | $51.1M | — | ||
| Q3 25 | $46.9M | $228.3M | ||
| Q2 25 | $51.4M | $252.6M | ||
| Q1 25 | $42.0M | $270.1M | ||
| Q4 24 | $79.0M | $273.9M | ||
| Q3 24 | $32.4M | $273.3M | ||
| Q2 24 | $30.0M | $301.7M | ||
| Q1 24 | $22.1M | $313.0M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.2M | $-2.2M |
| Free Cash FlowOCF − Capex | $-1.2M | $-3.0M |
| FCF MarginFCF / Revenue | -1.5% | -5.4% |
| Capex IntensityCapex / Revenue | 0.0% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | $-31.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | — | ||
| Q3 25 | $-953.0K | $-2.2M | ||
| Q2 25 | $257.7K | $1.1M | ||
| Q1 25 | $-1.9M | $-6.6M | ||
| Q4 24 | $-403.7K | $-15.8M | ||
| Q3 24 | $625.0K | $-13.7M | ||
| Q2 24 | $-2.6M | $-1.8M | ||
| Q1 24 | $-536.9K | $-7.2M |
| Q4 25 | $-1.2M | — | ||
| Q3 25 | $-969.2K | $-3.0M | ||
| Q2 25 | $211.7K | $468.0K | ||
| Q1 25 | $-2.0M | $-7.5M | ||
| Q4 24 | $-421.3K | $-21.2M | ||
| Q3 24 | $594.5K | $-14.8M | ||
| Q2 24 | $-2.6M | $-3.7M | ||
| Q1 24 | $-608.5K | $-8.5M |
| Q4 25 | -1.5% | — | ||
| Q3 25 | -0.9% | -5.4% | ||
| Q2 25 | 0.3% | 0.7% | ||
| Q1 25 | -3.4% | -11.4% | ||
| Q4 24 | -0.4% | -33.7% | ||
| Q3 24 | 1.1% | -21.5% | ||
| Q2 24 | -3.4% | -5.5% | ||
| Q1 24 | -1.2% | -10.6% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | 1.4% | ||
| Q2 25 | 0.1% | 1.0% | ||
| Q1 25 | 0.1% | 1.3% | ||
| Q4 24 | 0.0% | 8.7% | ||
| Q3 24 | 0.1% | 1.6% | ||
| Q2 24 | 0.0% | 2.8% | ||
| Q1 24 | 0.1% | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.09× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -3.16× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -5.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
