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Side-by-side financial comparison of iQSTEL Inc (IQST) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $84.2M, roughly 1.7× iQSTEL Inc). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -3.2%, a 0.9% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -14.9%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-7.8M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 8.3%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
IQST vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $140.7M |
| Net Profit | $-2.7M | $-3.2M |
| Gross Margin | 3.5% | 41.9% |
| Operating Margin | -2.9% | -1.6% |
| Net Margin | -3.2% | -2.3% |
| Revenue YoY | -14.9% | 9.1% |
| Net Profit YoY | -44.5% | 62.1% |
| EPS (diluted) | $-0.92 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $102.9M | $118.8M | ||
| Q2 25 | $72.2M | $105.1M | ||
| Q1 25 | $57.6M | $104.2M | ||
| Q4 24 | $98.9M | $129.0M | ||
| Q3 24 | $54.2M | $118.6M | ||
| Q2 24 | $78.6M | $120.3M | ||
| Q1 24 | $51.4M | $120.0M |
| Q4 25 | $-2.7M | $-3.2M | ||
| Q3 25 | $-2.3M | $-11.7M | ||
| Q2 25 | $-2.3M | $-17.3M | ||
| Q1 25 | $-1.1M | $-19.1M | ||
| Q4 24 | $-1.9M | $-8.5M | ||
| Q3 24 | $-773.0K | $-39.2M | ||
| Q2 24 | $-2.0M | $27.0K | ||
| Q1 24 | $-580.2K | $-50.2M |
| Q4 25 | 3.5% | 41.9% | ||
| Q3 25 | 2.7% | 42.8% | ||
| Q2 25 | 2.6% | 35.9% | ||
| Q1 25 | 3.4% | 39.4% | ||
| Q4 24 | 2.7% | 42.9% | ||
| Q3 24 | 3.7% | 29.7% | ||
| Q2 24 | 2.8% | 40.7% | ||
| Q1 24 | 2.7% | 34.8% |
| Q4 25 | -2.9% | -1.6% | ||
| Q3 25 | -0.5% | -10.2% | ||
| Q2 25 | -0.9% | -13.5% | ||
| Q1 25 | -1.0% | -13.9% | ||
| Q4 24 | -0.3% | -6.0% | ||
| Q3 24 | -0.1% | -39.5% | ||
| Q2 24 | -0.4% | -12.1% | ||
| Q1 24 | -0.4% | -19.3% |
| Q4 25 | -3.2% | -2.3% | ||
| Q3 25 | -2.3% | -9.9% | ||
| Q2 25 | -3.3% | -16.5% | ||
| Q1 25 | -2.0% | -18.4% | ||
| Q4 24 | -1.9% | -6.6% | ||
| Q3 24 | -1.4% | -33.1% | ||
| Q2 24 | -2.5% | 0.0% | ||
| Q1 24 | -1.1% | -41.8% |
| Q4 25 | $-0.92 | $0.03 | ||
| Q3 25 | $-0.68 | $0.11 | ||
| Q2 25 | $-0.82 | $0.16 | ||
| Q1 25 | $-0.44 | $0.18 | ||
| Q4 24 | $-1.19 | $0.08 | ||
| Q3 24 | $-0.40 | $0.36 | ||
| Q2 24 | $-0.90 | $0.00 | ||
| Q1 24 | $-0.37 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $4.1M | $126.7M |
| Stockholders' EquityBook value | $16.3M | $-29.7M |
| Total Assets | $51.1M | $296.3M |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $24.3M | ||
| Q3 25 | $2.3M | $32.4M | ||
| Q2 25 | $2.0M | $34.2M | ||
| Q1 25 | $1.1M | $21.6M | ||
| Q4 24 | $2.5M | $29.0M | ||
| Q3 24 | $2.1M | $23.4M | ||
| Q2 24 | $797.2K | $23.4M | ||
| Q1 24 | $2.7M | $34.5M |
| Q4 25 | $4.1M | $126.7M | ||
| Q3 25 | $2.7M | — | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | $3.5M | — | ||
| Q4 24 | $2.5M | $70.7M | ||
| Q3 24 | $3.2M | $50.8M | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $194.0K | — |
| Q4 25 | $16.3M | $-29.7M | ||
| Q3 25 | $17.9M | $-26.9M | ||
| Q2 25 | $14.3M | $-15.6M | ||
| Q1 25 | $11.6M | $1.3M | ||
| Q4 24 | $11.9M | $20.2M | ||
| Q3 24 | $8.1M | $28.0M | ||
| Q2 24 | $7.6M | $66.4M | ||
| Q1 24 | $8.4M | $65.5M |
| Q4 25 | $51.1M | $296.3M | ||
| Q3 25 | $46.9M | $302.1M | ||
| Q2 25 | $51.4M | $303.8M | ||
| Q1 25 | $42.0M | $293.8M | ||
| Q4 24 | $79.0M | $307.8M | ||
| Q3 24 | $32.4M | $309.3M | ||
| Q2 24 | $30.0M | $362.1M | ||
| Q1 24 | $22.1M | $382.1M |
| Q4 25 | 0.25× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.31× | — | ||
| Q4 24 | 0.21× | 3.50× | ||
| Q3 24 | 0.40× | 1.82× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-1.2M | $-7.8M |
| FCF MarginFCF / Revenue | -1.5% | -5.5% |
| Capex IntensityCapex / Revenue | 0.0% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $-5.8M | ||
| Q3 25 | $-953.0K | $-968.0K | ||
| Q2 25 | $257.7K | $-4.0M | ||
| Q1 25 | $-1.9M | $-23.1M | ||
| Q4 24 | $-403.7K | $6.8M | ||
| Q3 24 | $625.0K | $1.1M | ||
| Q2 24 | $-2.6M | $-8.9M | ||
| Q1 24 | $-536.9K | $-16.8M |
| Q4 25 | $-1.2M | $-7.8M | ||
| Q3 25 | $-969.2K | $-1.8M | ||
| Q2 25 | $211.7K | $-7.0M | ||
| Q1 25 | $-2.0M | $-25.3M | ||
| Q4 24 | $-421.3K | $5.7M | ||
| Q3 24 | $594.5K | $101.0K | ||
| Q2 24 | $-2.6M | $-11.0M | ||
| Q1 24 | $-608.5K | $-19.9M |
| Q4 25 | -1.5% | -5.5% | ||
| Q3 25 | -0.9% | -1.5% | ||
| Q2 25 | 0.3% | -6.6% | ||
| Q1 25 | -3.4% | -24.3% | ||
| Q4 24 | -0.4% | 4.4% | ||
| Q3 24 | 1.1% | 0.1% | ||
| Q2 24 | -3.4% | -9.2% | ||
| Q1 24 | -1.2% | -16.5% |
| Q4 25 | 0.0% | 1.4% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.1% | 2.8% | ||
| Q1 25 | 0.1% | 2.2% | ||
| Q4 24 | 0.0% | 0.8% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | 0.0% | 1.7% | ||
| Q1 24 | 0.1% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
