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Side-by-side financial comparison of iQSTEL Inc (IQST) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.

OLAPLEX HOLDINGS, INC. is the larger business by last-quarter revenue ($105.1M vs $84.2M, roughly 1.2× iQSTEL Inc). iQSTEL Inc runs the higher net margin — -3.2% vs -12.5%, a 9.3% gap on every dollar of revenue. On growth, OLAPLEX HOLDINGS, INC. posted the faster year-over-year revenue change (4.3% vs -14.9%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 3.1%).

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.

Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.

IQST vs OLPX — Head-to-Head

Bigger by revenue
OLPX
OLPX
1.2× larger
OLPX
$105.1M
$84.2M
IQST
Growing faster (revenue YoY)
OLPX
OLPX
+19.2% gap
OLPX
4.3%
-14.9%
IQST
Higher net margin
IQST
IQST
9.3% more per $
IQST
-3.2%
-12.5%
OLPX
More free cash flow
OLPX
OLPX
$33.8M more FCF
OLPX
$32.6M
$-1.2M
IQST
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
3.1%
OLPX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IQST
IQST
OLPX
OLPX
Revenue
$84.2M
$105.1M
Net Profit
$-2.7M
$-13.1M
Gross Margin
3.5%
68.0%
Operating Margin
-2.9%
-4.3%
Net Margin
-3.2%
-12.5%
Revenue YoY
-14.9%
4.3%
Net Profit YoY
-44.5%
-48.9%
EPS (diluted)
$-0.92
$-0.02

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
IQST
IQST
OLPX
OLPX
Q4 25
$84.2M
$105.1M
Q3 25
$102.9M
$114.6M
Q2 25
$72.2M
$106.3M
Q1 25
$57.6M
$97.0M
Q4 24
$98.9M
$100.7M
Q3 24
$54.2M
$119.1M
Q2 24
$78.6M
$103.9M
Q1 24
$51.4M
$98.9M
Net Profit
IQST
IQST
OLPX
OLPX
Q4 25
$-2.7M
$-13.1M
Q3 25
$-2.3M
$11.1M
Q2 25
$-2.3M
$-7.7M
Q1 25
$-1.1M
$465.0K
Q4 24
$-1.9M
$-8.8M
Q3 24
$-773.0K
$14.8M
Q2 24
$-2.0M
$5.8M
Q1 24
$-580.2K
$7.7M
Gross Margin
IQST
IQST
OLPX
OLPX
Q4 25
3.5%
68.0%
Q3 25
2.7%
69.1%
Q2 25
2.6%
71.2%
Q1 25
3.4%
69.5%
Q4 24
2.7%
66.3%
Q3 24
3.7%
68.6%
Q2 24
2.8%
69.7%
Q1 24
2.7%
72.1%
Operating Margin
IQST
IQST
OLPX
OLPX
Q4 25
-2.9%
-4.3%
Q3 25
-0.5%
3.7%
Q2 25
-0.9%
-1.1%
Q1 25
-1.0%
8.7%
Q4 24
-0.3%
3.0%
Q3 24
-0.1%
23.5%
Q2 24
-0.4%
15.7%
Q1 24
-0.4%
19.8%
Net Margin
IQST
IQST
OLPX
OLPX
Q4 25
-3.2%
-12.5%
Q3 25
-2.3%
9.7%
Q2 25
-3.3%
-7.3%
Q1 25
-2.0%
0.5%
Q4 24
-1.9%
-8.7%
Q3 24
-1.4%
12.4%
Q2 24
-2.5%
5.6%
Q1 24
-1.1%
7.8%
EPS (diluted)
IQST
IQST
OLPX
OLPX
Q4 25
$-0.92
$-0.02
Q3 25
$-0.68
$0.02
Q2 25
$-0.82
$-0.01
Q1 25
$-0.44
$0.00
Q4 24
$-1.19
$-0.01
Q3 24
$-0.40
$0.02
Q2 24
$-0.90
$0.01
Q1 24
$-0.37
$0.01

Balance Sheet & Financial Strength

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

Metric
IQST
IQST
OLPX
OLPX
Cash + ST InvestmentsLiquidity on hand
$2.2M
$318.7M
Total DebtLower is stronger
$4.1M
$352.3M
Stockholders' EquityBook value
$16.3M
$879.4M
Total Assets
$51.1M
$1.5B
Debt / EquityLower = less leverage
0.25×
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQST
IQST
OLPX
OLPX
Q4 25
$2.2M
$318.7M
Q3 25
$2.3M
$286.4M
Q2 25
$2.0M
$289.3M
Q1 25
$1.1M
$580.9M
Q4 24
$2.5M
$586.0M
Q3 24
$2.1M
$538.8M
Q2 24
$797.2K
$507.9M
Q1 24
$2.7M
$507.5M
Total Debt
IQST
IQST
OLPX
OLPX
Q4 25
$4.1M
$352.3M
Q3 25
$2.7M
$352.1M
Q2 25
$4.5M
$351.9M
Q1 25
$3.5M
$649.1M
Q4 24
$2.5M
$650.5M
Q3 24
$3.2M
$651.8M
Q2 24
$2.5M
$653.1M
Q1 24
$194.0K
$654.4M
Stockholders' Equity
IQST
IQST
OLPX
OLPX
Q4 25
$16.3M
$879.4M
Q3 25
$17.9M
$888.7M
Q2 25
$14.3M
$874.2M
Q1 25
$11.6M
$878.3M
Q4 24
$11.9M
$874.4M
Q3 24
$8.1M
$879.7M
Q2 24
$7.6M
$863.3M
Q1 24
$8.4M
$855.7M
Total Assets
IQST
IQST
OLPX
OLPX
Q4 25
$51.1M
$1.5B
Q3 25
$46.9M
$1.5B
Q2 25
$51.4M
$1.5B
Q1 25
$42.0M
$1.8B
Q4 24
$79.0M
$1.8B
Q3 24
$32.4M
$1.8B
Q2 24
$30.0M
$1.8B
Q1 24
$22.1M
$1.8B
Debt / Equity
IQST
IQST
OLPX
OLPX
Q4 25
0.25×
0.40×
Q3 25
0.15×
0.40×
Q2 25
0.31×
0.40×
Q1 25
0.31×
0.74×
Q4 24
0.21×
0.74×
Q3 24
0.40×
0.74×
Q2 24
0.34×
0.76×
Q1 24
0.02×
0.76×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IQST
IQST
OLPX
OLPX
Operating Cash FlowLast quarter
$-1.2M
$32.7M
Free Cash FlowOCF − Capex
$-1.2M
$32.6M
FCF MarginFCF / Revenue
-1.5%
31.0%
Capex IntensityCapex / Revenue
0.0%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.0M
$58.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IQST
IQST
OLPX
OLPX
Q4 25
$-1.2M
$32.7M
Q3 25
$-953.0K
$8.0M
Q2 25
$257.7K
$20.9M
Q1 25
$-1.9M
$-2.9M
Q4 24
$-403.7K
$49.7M
Q3 24
$625.0K
$33.5M
Q2 24
$-2.6M
$16.2M
Q1 24
$-536.9K
$43.7M
Free Cash Flow
IQST
IQST
OLPX
OLPX
Q4 25
$-1.2M
$32.6M
Q3 25
$-969.2K
$7.9M
Q2 25
$211.7K
$20.8M
Q1 25
$-2.0M
$-3.0M
Q4 24
$-421.3K
$49.2M
Q3 24
$594.5K
$33.3M
Q2 24
$-2.6M
$16.1M
Q1 24
$-608.5K
$43.3M
FCF Margin
IQST
IQST
OLPX
OLPX
Q4 25
-1.5%
31.0%
Q3 25
-0.9%
6.9%
Q2 25
0.3%
19.6%
Q1 25
-3.4%
-3.1%
Q4 24
-0.4%
48.9%
Q3 24
1.1%
28.0%
Q2 24
-3.4%
15.5%
Q1 24
-1.2%
43.7%
Capex Intensity
IQST
IQST
OLPX
OLPX
Q4 25
0.0%
0.1%
Q3 25
0.0%
0.1%
Q2 25
0.1%
0.1%
Q1 25
0.1%
0.0%
Q4 24
0.0%
0.4%
Q3 24
0.1%
0.1%
Q2 24
0.0%
0.1%
Q1 24
0.1%
0.5%
Cash Conversion
IQST
IQST
OLPX
OLPX
Q4 25
Q3 25
0.72×
Q2 25
Q1 25
-6.27×
Q4 24
Q3 24
2.26×
Q2 24
2.81×
Q1 24
5.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IQST
IQST

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

OLPX
OLPX

Sales Channel Directly To Consumer$43.6M42%
Sales Channel Through Intermediary Professional$36.8M35%
Sales Channel Through Intermediary Specialty Retail$24.7M23%

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