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Side-by-side financial comparison of iQSTEL Inc (IQST) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $51.0M, roughly 1.7× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 35.0% vs -3.2%, a 38.2% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (16.0% vs -14.9%). LandBridge Co LLC produced more free cash flow last quarter ($40.9M vs $-1.2M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (40.2% CAGR vs 28.0%).
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.
IQST vs LB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $51.0M |
| Net Profit | $-2.7M | $17.9M |
| Gross Margin | 3.5% | — |
| Operating Margin | -2.9% | 57.2% |
| Net Margin | -3.2% | 35.0% |
| Revenue YoY | -14.9% | 16.0% |
| Net Profit YoY | -44.5% | 15.6% |
| 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.
| Q1 26 | — | $51.0M | ||
| Q4 25 | $84.2M | $56.8M | ||
| Q3 25 | $102.9M | $50.8M | ||
| Q2 25 | $72.2M | $47.5M | ||
| Q1 25 | $57.6M | $44.0M | ||
| Q4 24 | $98.9M | $36.5M | ||
| Q3 24 | $54.2M | $28.5M | ||
| Q2 24 | $78.6M | $26.0M |
| Q1 26 | — | $17.9M | ||
| Q4 25 | $-2.7M | $8.1M | ||
| Q3 25 | $-2.3M | $8.1M | ||
| Q2 25 | $-2.3M | $7.5M | ||
| Q1 25 | $-1.1M | $6.5M | ||
| Q4 24 | $-1.9M | $49.3M | ||
| Q3 24 | $-773.0K | $2.7M | ||
| Q2 24 | $-2.0M | $-57.7M |
| 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 | — | 57.2% | ||
| Q4 25 | -2.9% | 60.0% | ||
| Q3 25 | -0.5% | 60.8% | ||
| Q2 25 | -0.9% | 60.0% | ||
| Q1 25 | -1.0% | 57.0% | ||
| Q4 24 | -0.3% | 49.4% | ||
| Q3 24 | -0.1% | 11.2% | ||
| Q2 24 | -0.4% | -197.4% |
| Q1 26 | — | 35.0% | ||
| Q4 25 | -3.2% | 14.2% | ||
| Q3 25 | -2.3% | 15.9% | ||
| Q2 25 | -3.3% | 15.8% | ||
| Q1 25 | -2.0% | 14.7% | ||
| Q4 24 | -1.9% | 135.2% | ||
| Q3 24 | -1.4% | 9.3% | ||
| Q2 24 | -2.5% | -222.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.92 | $0.24 | ||
| Q3 25 | $-0.68 | $0.26 | ||
| Q2 25 | $-0.82 | $0.24 | ||
| Q1 25 | $-0.44 | $0.20 | ||
| Q4 24 | $-1.19 | — | ||
| Q3 24 | $-0.40 | $-0.04 | ||
| Q2 24 | $-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 | $2.2M | $29.7M |
| Total DebtLower is stronger | $4.1M | $433.0K |
| Stockholders' EquityBook value | $16.3M | — |
| Total Assets | $51.1M | $1.4B |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.7M | ||
| Q4 25 | $2.2M | $30.7M | ||
| Q3 25 | $2.3M | $28.3M | ||
| Q2 25 | $2.0M | $20.3M | ||
| Q1 25 | $1.1M | $14.9M | ||
| Q4 24 | $2.5M | $37.0M | ||
| Q3 24 | $2.1M | $14.4M | ||
| Q2 24 | $797.2K | $24.6M |
| Q1 26 | — | $433.0K | ||
| Q4 25 | $4.1M | $570.7M | ||
| Q3 25 | $2.7M | $366.1M | ||
| Q2 25 | $4.5M | $370.9M | ||
| Q1 25 | $3.5M | $375.5M | ||
| Q4 24 | $2.5M | $385.5M | ||
| Q3 24 | $3.2M | $242.4M | ||
| Q2 24 | $2.5M | $360.8M |
| Q1 26 | — | — | ||
| Q4 25 | $16.3M | $340.3M | ||
| Q3 25 | $17.9M | $272.0M | ||
| Q2 25 | $14.3M | $266.4M | ||
| Q1 25 | $11.6M | $217.0M | ||
| Q4 24 | $11.9M | $211.8M | ||
| Q3 24 | $8.1M | $97.2M | ||
| Q2 24 | $7.6M | $296.4M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $51.1M | $1.4B | ||
| Q3 25 | $46.9M | $1.1B | ||
| Q2 25 | $51.4M | $1.1B | ||
| Q1 25 | $42.0M | $1.0B | ||
| Q4 24 | $79.0M | $1.0B | ||
| Q3 24 | $32.4M | $689.9M | ||
| Q2 24 | $30.0M | $710.5M |
| Q1 26 | — | — | ||
| Q4 25 | 0.25× | 1.68× | ||
| Q3 25 | 0.15× | 1.35× | ||
| Q2 25 | 0.31× | 1.39× | ||
| Q1 25 | 0.31× | 1.73× | ||
| Q4 24 | 0.21× | 1.82× | ||
| Q3 24 | 0.40× | 2.49× | ||
| Q2 24 | 0.34× | 1.22× |
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 | $41.1M |
| Free Cash FlowOCF − Capex | $-1.2M | $40.9M |
| FCF MarginFCF / Revenue | -1.5% | 80.3% |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | 2.30× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | $232.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $41.1M | ||
| Q4 25 | $-1.2M | $126.3M | ||
| Q3 25 | $-953.0K | $34.9M | ||
| Q2 25 | $257.7K | $37.3M | ||
| Q1 25 | $-1.9M | $15.9M | ||
| Q4 24 | $-403.7K | $67.6M | ||
| Q3 24 | $625.0K | $7.5M | ||
| Q2 24 | $-2.6M | $16.0M |
| Q1 26 | — | $40.9M | ||
| Q4 25 | $-1.2M | $122.0M | ||
| Q3 25 | $-969.2K | $33.7M | ||
| Q2 25 | $211.7K | $36.1M | ||
| Q1 25 | $-2.0M | $15.8M | ||
| Q4 24 | $-421.3K | $66.7M | ||
| Q3 24 | $594.5K | $7.1M | ||
| Q2 24 | $-2.6M | $15.7M |
| Q1 26 | — | 80.3% | ||
| Q4 25 | -1.5% | 214.9% | ||
| Q3 25 | -0.9% | 66.3% | ||
| Q2 25 | 0.3% | 75.9% | ||
| Q1 25 | -3.4% | 36.0% | ||
| Q4 24 | -0.4% | 182.6% | ||
| Q3 24 | 1.1% | 25.1% | ||
| Q2 24 | -3.4% | 60.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 7.5% | ||
| Q3 25 | 0.0% | 2.3% | ||
| Q2 25 | 0.1% | 2.6% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.0% | 2.7% | ||
| Q3 24 | 0.1% | 1.1% | ||
| Q2 24 | 0.0% | 1.4% |
| Q1 26 | — | 2.30× | ||
| Q4 25 | — | 15.68× | ||
| Q3 25 | — | 4.31× | ||
| Q2 25 | — | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | — |
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% |
LB
| Other | $14.2M | 28% |
| Easements and other surface-related revenues | $11.6M | 23% |
| Surface use royalties - related party | $11.0M | 22% |
| Resource sales | $5.2M | 10% |
| Resource royalties | $4.3M | 8% |
| Easements and other surface-related revenues - related party | $3.2M | 6% |
| Resource royalties - related party | $1.3M | 2% |
| Resource sales - related party | $205.0K | 0% |
