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Side-by-side financial comparison of iQSTEL Inc (IQST) and P10, Inc. (PX). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $81.0M, roughly 1.0× P10, Inc.). P10, Inc. runs the higher net margin — 11.7% vs -3.2%, a 14.9% gap on every dollar of revenue. On growth, P10, Inc. posted the faster year-over-year revenue change (-4.7% vs -14.9%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 10.7%).
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.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
IQST vs PX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $81.0M |
| Net Profit | $-2.7M | $9.5M |
| Gross Margin | 3.5% | — |
| Operating Margin | -2.9% | 31.9% |
| Net Margin | -3.2% | 11.7% |
| Revenue YoY | -14.9% | -4.7% |
| Net Profit YoY | -44.5% | 79.0% |
| EPS (diluted) | $-0.92 | $0.08 |
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 | $81.0M | ||
| Q3 25 | $102.9M | $75.9M | ||
| Q2 25 | $72.2M | $72.7M | ||
| Q1 25 | $57.6M | $67.7M | ||
| Q4 24 | $98.9M | $85.0M | ||
| Q3 24 | $54.2M | $74.2M | ||
| Q2 24 | $78.6M | $71.1M | ||
| Q1 24 | $51.4M | $66.1M |
| Q4 25 | $-2.7M | $9.5M | ||
| Q3 25 | $-2.3M | $2.1M | ||
| Q2 25 | $-2.3M | $3.4M | ||
| Q1 25 | $-1.1M | $4.5M | ||
| Q4 24 | $-1.9M | $5.3M | ||
| Q3 24 | $-773.0K | $1.4M | ||
| Q2 24 | $-2.0M | $7.0M | ||
| Q1 24 | $-580.2K | $5.0M |
| 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 24 | 2.7% | — |
| Q4 25 | -2.9% | 31.9% | ||
| Q3 25 | -0.5% | 14.1% | ||
| Q2 25 | -0.9% | 24.4% | ||
| Q1 25 | -1.0% | 16.6% | ||
| Q4 24 | -0.3% | 26.9% | ||
| Q3 24 | -0.1% | 11.9% | ||
| Q2 24 | -0.4% | 23.7% | ||
| Q1 24 | -0.4% | 18.3% |
| Q4 25 | -3.2% | 11.7% | ||
| Q3 25 | -2.3% | 2.8% | ||
| Q2 25 | -3.3% | 4.7% | ||
| Q1 25 | -2.0% | 6.7% | ||
| Q4 24 | -1.9% | 6.2% | ||
| Q3 24 | -1.4% | 1.9% | ||
| Q2 24 | -2.5% | 9.8% | ||
| Q1 24 | -1.1% | 7.6% |
| Q4 25 | $-0.92 | $0.08 | ||
| Q3 25 | $-0.68 | $0.02 | ||
| Q2 25 | $-0.82 | $0.03 | ||
| Q1 25 | $-0.44 | $0.04 | ||
| Q4 24 | $-1.19 | $0.05 | ||
| Q3 24 | $-0.40 | $0.01 | ||
| Q2 24 | $-0.90 | $0.06 | ||
| Q1 24 | $-0.37 | $0.04 |
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 | $28.2M |
| Total DebtLower is stronger | $4.1M | $373.2M |
| Stockholders' EquityBook value | $16.3M | $403.5M |
| Total Assets | $51.1M | $928.3M |
| Debt / EquityLower = less leverage | 0.25× | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $28.2M | ||
| Q3 25 | $2.3M | $40.0M | ||
| Q2 25 | $2.0M | $33.4M | ||
| Q1 25 | $1.1M | $74.4M | ||
| Q4 24 | $2.5M | $67.5M | ||
| Q3 24 | $2.1M | $61.5M | ||
| Q2 24 | $797.2K | $31.2M | ||
| Q1 24 | $2.7M | $29.0M |
| Q4 25 | $4.1M | $373.2M | ||
| Q3 25 | $2.7M | $393.4M | ||
| Q2 25 | $4.5M | $373.0M | ||
| Q1 25 | $3.5M | $357.2M | ||
| Q4 24 | $2.5M | $319.8M | ||
| Q3 24 | $3.2M | $319.4M | ||
| Q2 24 | $2.5M | $300.6M | ||
| Q1 24 | $194.0K | $314.0M |
| Q4 25 | $16.3M | $403.5M | ||
| Q3 25 | $17.9M | $396.8M | ||
| Q2 25 | $14.3M | $388.9M | ||
| Q1 25 | $11.6M | $374.3M | ||
| Q4 24 | $11.9M | $386.9M | ||
| Q3 24 | $8.1M | $394.1M | ||
| Q2 24 | $7.6M | $396.9M | ||
| Q1 24 | $8.4M | $400.1M |
| Q4 25 | $51.1M | $928.3M | ||
| Q3 25 | $46.9M | $936.0M | ||
| Q2 25 | $51.4M | $932.2M | ||
| Q1 25 | $42.0M | $877.4M | ||
| Q4 24 | $79.0M | $869.3M | ||
| Q3 24 | $32.4M | $857.0M | ||
| Q2 24 | $30.0M | $823.2M | ||
| Q1 24 | $22.1M | $832.8M |
| Q4 25 | 0.25× | 0.93× | ||
| Q3 25 | 0.15× | 0.99× | ||
| Q2 25 | 0.31× | 0.96× | ||
| Q1 25 | 0.31× | 0.95× | ||
| Q4 24 | 0.21× | 0.83× | ||
| Q3 24 | 0.40× | 0.81× | ||
| Q2 24 | 0.34× | 0.76× | ||
| Q1 24 | 0.02× | 0.78× |
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 | $23.0M |
| Free Cash FlowOCF − Capex | $-1.2M | $18.1M |
| FCF MarginFCF / Revenue | -1.5% | 22.3% |
| Capex IntensityCapex / Revenue | 0.0% | 6.0% |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $23.0M | ||
| Q3 25 | $-953.0K | $-8.6M | ||
| Q2 25 | $257.7K | $13.4M | ||
| Q1 25 | $-1.9M | $-4.7M | ||
| Q4 24 | $-403.7K | $101.0M | ||
| Q3 24 | $625.0K | $27.5M | ||
| Q2 24 | $-2.6M | $34.8M | ||
| Q1 24 | $-536.9K | $11.0M |
| Q4 25 | $-1.2M | $18.1M | ||
| Q3 25 | $-969.2K | $-9.5M | ||
| Q2 25 | $211.7K | $11.6M | ||
| Q1 25 | $-2.0M | $-6.0M | ||
| Q4 24 | $-421.3K | $96.6M | ||
| Q3 24 | $594.5K | $25.2M | ||
| Q2 24 | $-2.6M | $33.9M | ||
| Q1 24 | $-608.5K | $10.7M |
| Q4 25 | -1.5% | 22.3% | ||
| Q3 25 | -0.9% | -12.6% | ||
| Q2 25 | 0.3% | 15.9% | ||
| Q1 25 | -3.4% | -8.9% | ||
| Q4 24 | -0.4% | 113.6% | ||
| Q3 24 | 1.1% | 34.0% | ||
| Q2 24 | -3.4% | 47.7% | ||
| Q1 24 | -1.2% | 16.2% |
| Q4 25 | 0.0% | 6.0% | ||
| Q3 25 | 0.0% | 1.2% | ||
| Q2 25 | 0.1% | 2.5% | ||
| Q1 25 | 0.1% | 1.9% | ||
| Q4 24 | 0.0% | 5.2% | ||
| Q3 24 | 0.1% | 3.0% | ||
| Q2 24 | 0.0% | 1.3% | ||
| Q1 24 | 0.1% | 0.4% |
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | -4.01× | ||
| Q2 25 | — | 3.96× | ||
| Q1 25 | — | -1.05× | ||
| Q4 24 | — | 19.12× | ||
| Q3 24 | — | 19.54× | ||
| Q2 24 | — | 4.98× | ||
| Q1 24 | — | 2.18× |
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% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
