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

OPKO HEALTH, INC. is the larger business by last-quarter revenue ($148.5M vs $84.2M, roughly 1.8× iQSTEL Inc). iQSTEL Inc runs the higher net margin — -3.2% vs -21.1%, a 17.9% gap on every dollar of revenue. On growth, iQSTEL Inc posted the faster year-over-year revenue change (-14.9% vs -19.2%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-28.6M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -7.5%).

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.

OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".

IQST vs OPK — Head-to-Head

Bigger by revenue
OPK
OPK
1.8× larger
OPK
$148.5M
$84.2M
IQST
Growing faster (revenue YoY)
IQST
IQST
+4.3% gap
IQST
-14.9%
-19.2%
OPK
Higher net margin
IQST
IQST
17.9% more per $
IQST
-3.2%
-21.1%
OPK
More free cash flow
IQST
IQST
$27.3M more FCF
IQST
$-1.2M
$-28.6M
OPK
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
-7.5%
OPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IQST
IQST
OPK
OPK
Revenue
$84.2M
$148.5M
Net Profit
$-2.7M
$-31.3M
Gross Margin
3.5%
43.1%
Operating Margin
-2.9%
-25.8%
Net Margin
-3.2%
-21.1%
Revenue YoY
-14.9%
-19.2%
Net Profit YoY
-44.5%
-322.8%
EPS (diluted)
$-0.92
$-0.04

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
OPK
OPK
Q4 25
$84.2M
$148.5M
Q3 25
$102.9M
$151.7M
Q2 25
$72.2M
$156.8M
Q1 25
$57.6M
$150.0M
Q4 24
$98.9M
$183.6M
Q3 24
$54.2M
$173.6M
Q2 24
$78.6M
$182.2M
Q1 24
$51.4M
$173.7M
Net Profit
IQST
IQST
OPK
OPK
Q4 25
$-2.7M
$-31.3M
Q3 25
$-2.3M
$21.6M
Q2 25
$-2.3M
$-148.4M
Q1 25
$-1.1M
$-67.6M
Q4 24
$-1.9M
$14.0M
Q3 24
$-773.0K
$24.9M
Q2 24
$-2.0M
$-10.3M
Q1 24
$-580.2K
$-81.8M
Gross Margin
IQST
IQST
OPK
OPK
Q4 25
3.5%
43.1%
Q3 25
2.7%
32.9%
Q2 25
2.6%
31.5%
Q1 25
3.4%
28.4%
Q4 24
2.7%
46.1%
Q3 24
3.7%
23.1%
Q2 24
2.8%
28.4%
Q1 24
2.7%
24.2%
Operating Margin
IQST
IQST
OPK
OPK
Q4 25
-2.9%
-25.8%
Q3 25
-0.5%
31.7%
Q2 25
-0.9%
-38.3%
Q1 25
-1.0%
-44.8%
Q4 24
-0.3%
-18.0%
Q3 24
-0.1%
8.2%
Q2 24
-0.4%
-33.9%
Q1 24
-0.4%
-41.2%
Net Margin
IQST
IQST
OPK
OPK
Q4 25
-3.2%
-21.1%
Q3 25
-2.3%
14.3%
Q2 25
-3.3%
-94.7%
Q1 25
-2.0%
-45.1%
Q4 24
-1.9%
7.6%
Q3 24
-1.4%
14.3%
Q2 24
-2.5%
-5.7%
Q1 24
-1.1%
-47.1%
EPS (diluted)
IQST
IQST
OPK
OPK
Q4 25
$-0.92
$-0.04
Q3 25
$-0.68
$0.03
Q2 25
$-0.82
$-0.19
Q1 25
$-0.44
$-0.10
Q4 24
$-1.19
$0.02
Q3 24
$-0.40
$0.03
Q2 24
$-0.90
$-0.01
Q1 24
$-0.37
$-0.12

Balance Sheet & Financial Strength

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

Metric
IQST
IQST
OPK
OPK
Cash + ST InvestmentsLiquidity on hand
$2.2M
$364.4M
Total DebtLower is stronger
$4.1M
$344.0M
Stockholders' EquityBook value
$16.3M
$1.3B
Total Assets
$51.1M
$1.9B
Debt / EquityLower = less leverage
0.25×
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQST
IQST
OPK
OPK
Q4 25
$2.2M
$364.4M
Q3 25
$2.3M
$412.0M
Q2 25
$2.0M
$267.3M
Q1 25
$1.1M
$428.8M
Q4 24
$2.5M
$426.6M
Q3 24
$2.1M
$400.1M
Q2 24
$797.2K
$40.6M
Q1 24
$2.7M
$75.6M
Total Debt
IQST
IQST
OPK
OPK
Q4 25
$4.1M
$344.0M
Q3 25
$2.7M
$344.2M
Q2 25
$4.5M
$343.3M
Q1 25
$3.5M
$439.2M
Q4 24
$2.5M
$437.2M
Q3 24
$3.2M
$441.0M
Q2 24
$2.5M
$201.9M
Q1 24
$194.0K
$350.1M
Stockholders' Equity
IQST
IQST
OPK
OPK
Q4 25
$16.3M
$1.3B
Q3 25
$17.9M
$1.3B
Q2 25
$14.3M
$1.3B
Q1 25
$11.6M
$1.3B
Q4 24
$11.9M
$1.4B
Q3 24
$8.1M
$1.4B
Q2 24
$7.6M
$1.4B
Q1 24
$8.4M
$1.3B
Total Assets
IQST
IQST
OPK
OPK
Q4 25
$51.1M
$1.9B
Q3 25
$46.9M
$2.0B
Q2 25
$51.4M
$2.0B
Q1 25
$42.0M
$2.1B
Q4 24
$79.0M
$2.2B
Q3 24
$32.4M
$2.3B
Q2 24
$30.0M
$2.0B
Q1 24
$22.1M
$2.0B
Debt / Equity
IQST
IQST
OPK
OPK
Q4 25
0.25×
0.27×
Q3 25
0.15×
0.26×
Q2 25
0.31×
0.26×
Q1 25
0.31×
0.33×
Q4 24
0.21×
0.32×
Q3 24
0.40×
0.31×
Q2 24
0.34×
0.14×
Q1 24
0.02×
0.28×

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
OPK
OPK
Operating Cash FlowLast quarter
$-1.2M
$-25.9M
Free Cash FlowOCF − Capex
$-1.2M
$-28.6M
FCF MarginFCF / Revenue
-1.5%
-19.3%
Capex IntensityCapex / Revenue
0.0%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.0M
$-190.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IQST
IQST
OPK
OPK
Q4 25
$-1.2M
$-25.9M
Q3 25
$-953.0K
$-34.6M
Q2 25
$257.7K
$-83.4M
Q1 25
$-1.9M
$-34.6M
Q4 24
$-403.7K
$-44.4M
Q3 24
$625.0K
$-77.1M
Q2 24
$-2.6M
$-26.4M
Q1 24
$-536.9K
$-35.6M
Free Cash Flow
IQST
IQST
OPK
OPK
Q4 25
$-1.2M
$-28.6M
Q3 25
$-969.2K
$-37.8M
Q2 25
$211.7K
$-86.7M
Q1 25
$-2.0M
$-37.7M
Q4 24
$-421.3K
$-49.8M
Q3 24
$594.5K
$-85.0M
Q2 24
$-2.6M
$-33.7M
Q1 24
$-608.5K
$-40.0M
FCF Margin
IQST
IQST
OPK
OPK
Q4 25
-1.5%
-19.3%
Q3 25
-0.9%
-24.9%
Q2 25
0.3%
-55.3%
Q1 25
-3.4%
-25.2%
Q4 24
-0.4%
-27.1%
Q3 24
1.1%
-49.0%
Q2 24
-3.4%
-18.5%
Q1 24
-1.2%
-23.0%
Capex Intensity
IQST
IQST
OPK
OPK
Q4 25
0.0%
1.8%
Q3 25
0.0%
2.1%
Q2 25
0.1%
2.1%
Q1 25
0.1%
2.1%
Q4 24
0.0%
2.9%
Q3 24
0.1%
4.6%
Q2 24
0.0%
4.0%
Q1 24
0.1%
2.6%
Cash Conversion
IQST
IQST
OPK
OPK
Q4 25
Q3 25
-1.60×
Q2 25
Q1 25
Q4 24
-3.17×
Q3 24
-3.10×
Q2 24
Q1 24

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%

OPK
OPK

Services$71.1M48%
Transfer Of Intellectual Property And Other$33.7M23%
IE$22.1M15%
Rayaldee$8.8M6%
Barda Agreement$6.8M5%
MX$6.3M4%

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