vs
Side-by-side financial comparison of iQSTEL Inc (IQST) and NETSTREIT Corp. (NTST). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $57.1M, roughly 1.5× NETSTREIT Corp.). NETSTREIT Corp. runs the higher net margin — 10.0% vs -3.2%, a 13.2% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 20.1%).
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.
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
IQST vs NTST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $57.1M |
| Net Profit | $-2.7M | $5.7M |
| Gross Margin | 3.5% | — |
| Operating Margin | -2.9% | 34.1% |
| Net Margin | -3.2% | 10.0% |
| Revenue YoY | -14.9% | 24.3% |
| Net Profit YoY | -44.5% | 235.9% |
| EPS (diluted) | $-0.92 | $0.32 |
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 | — | $57.1M | ||
| Q4 25 | $84.2M | $52.5M | ||
| Q3 25 | $102.9M | $48.3M | ||
| Q2 25 | $72.2M | $48.3M | ||
| Q1 25 | $57.6M | $45.9M | ||
| Q4 24 | $98.9M | $44.1M | ||
| Q3 24 | $54.2M | $41.4M | ||
| Q2 24 | $78.6M | $39.6M |
| Q1 26 | — | $5.7M | ||
| Q4 25 | $-2.7M | $1.3M | ||
| Q3 25 | $-2.3M | $618.0K | ||
| Q2 25 | $-2.3M | $3.3M | ||
| Q1 25 | $-1.1M | $1.7M | ||
| Q4 24 | $-1.9M | $-5.4M | ||
| Q3 24 | $-773.0K | $-5.3M | ||
| Q2 24 | $-2.0M | $-2.3M |
| 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 | — | 34.1% | ||
| Q4 25 | -2.9% | 2.6% | ||
| Q3 25 | -0.5% | 1.3% | ||
| Q2 25 | -0.9% | 6.8% | ||
| Q1 25 | -1.0% | 3.7% | ||
| Q4 24 | -0.3% | -12.3% | ||
| Q3 24 | -0.1% | -12.8% | ||
| Q2 24 | -0.4% | -5.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | -3.2% | 2.5% | ||
| Q3 25 | -2.3% | 1.3% | ||
| Q2 25 | -3.3% | 6.8% | ||
| Q1 25 | -2.0% | 3.7% | ||
| Q4 24 | -1.9% | -12.3% | ||
| Q3 24 | -1.4% | -12.8% | ||
| Q2 24 | -2.5% | -5.8% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $-0.92 | $0.01 | ||
| Q3 25 | $-0.68 | $0.01 | ||
| Q2 25 | $-0.82 | $0.04 | ||
| Q1 25 | $-0.44 | $0.02 | ||
| Q4 24 | $-1.19 | $-0.07 | ||
| Q3 24 | $-0.40 | $-0.07 | ||
| Q2 24 | $-0.90 | $-0.03 |
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 | — |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $16.3M | $1.5B |
| Total Assets | $51.1M | $2.8B |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | $4.1M | $1.1B | ||
| Q3 25 | $2.7M | $1.1B | ||
| Q2 25 | $4.5M | $926.6M | ||
| Q1 25 | $3.5M | $913.3M | ||
| Q4 24 | $2.5M | $868.3M | ||
| Q3 24 | $3.2M | $778.7M | ||
| Q2 24 | $2.5M | $726.2M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $16.3M | $1.4B | ||
| Q3 25 | $17.9M | $1.3B | ||
| Q2 25 | $14.3M | $1.3B | ||
| Q1 25 | $11.6M | $1.3B | ||
| Q4 24 | $11.9M | $1.3B | ||
| Q3 24 | $8.1M | $1.3B | ||
| Q2 24 | $7.6M | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $51.1M | $2.6B | ||
| Q3 25 | $46.9M | $2.5B | ||
| Q2 25 | $51.4M | $2.3B | ||
| Q1 25 | $42.0M | $2.3B | ||
| Q4 24 | $79.0M | $2.3B | ||
| Q3 24 | $32.4M | $2.2B | ||
| Q2 24 | $30.0M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.25× | 0.76× | ||
| Q3 25 | 0.15× | 0.84× | ||
| Q2 25 | 0.31× | 0.70× | ||
| Q1 25 | 0.31× | 0.70× | ||
| Q4 24 | 0.21× | 0.65× | ||
| Q3 24 | 0.40× | 0.58× | ||
| Q2 24 | 0.34× | 0.55× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-1.2M | $109.5M | ||
| Q3 25 | $-953.0K | $28.0M | ||
| Q2 25 | $257.7K | $30.6M | ||
| Q1 25 | $-1.9M | $22.1M | ||
| Q4 24 | $-403.7K | $90.2M | ||
| Q3 24 | $625.0K | $25.1M | ||
| Q2 24 | $-2.6M | $25.4M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 82.46× | ||
| Q3 25 | — | 45.27× | ||
| Q2 25 | — | 9.36× | ||
| Q1 25 | — | 13.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
