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Side-by-side financial comparison of iQSTEL Inc (IQST) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $49.0M, roughly 1.7× Quipt Home Medical Corp.). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -3.2%, a 1.0% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -14.9%). Quipt Home Medical Corp. produced more free cash flow last quarter ($6.9M vs $-1.2M).
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.
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
IQST vs QIPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $49.0M |
| Net Profit | $-2.7M | $-1.1M |
| Gross Margin | 3.5% | 53.5% |
| Operating Margin | -2.9% | 2.1% |
| Net Margin | -3.2% | -2.1% |
| Revenue YoY | -14.9% | 32.3% |
| Net Profit YoY | -44.5% | 2.9% |
| 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.
| Q4 25 | $84.2M | $49.0M | ||
| Q3 25 | $102.9M | $39.8M | ||
| Q2 25 | $72.2M | $35.1M | ||
| Q1 25 | $57.6M | $33.3M | ||
| Q4 24 | $98.9M | $37.1M | ||
| Q3 24 | $54.2M | — | ||
| Q2 24 | $78.6M | — | ||
| Q1 24 | $51.4M | — |
| Q4 25 | $-2.7M | $-1.1M | ||
| Q3 25 | $-2.3M | $-3.5M | ||
| Q2 25 | $-2.3M | $-3.0M | ||
| Q1 25 | $-1.1M | $-3.0M | ||
| Q4 24 | $-1.9M | $-1.1M | ||
| Q3 24 | $-773.0K | — | ||
| Q2 24 | $-2.0M | — | ||
| Q1 24 | $-580.2K | — |
| Q4 25 | 3.5% | 53.5% | ||
| Q3 25 | 2.7% | 48.7% | ||
| Q2 25 | 2.6% | 57.6% | ||
| Q1 25 | 3.4% | 54.6% | ||
| Q4 24 | 2.7% | 52.1% | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 2.7% | — |
| Q4 25 | -2.9% | 2.1% | ||
| Q3 25 | -0.5% | -3.6% | ||
| Q2 25 | -0.9% | -5.2% | ||
| Q1 25 | -1.0% | -3.0% | ||
| Q4 24 | -0.3% | 1.2% | ||
| Q3 24 | -0.1% | — | ||
| Q2 24 | -0.4% | — | ||
| Q1 24 | -0.4% | — |
| Q4 25 | -3.2% | -2.1% | ||
| Q3 25 | -2.3% | -8.9% | ||
| Q2 25 | -3.3% | -8.6% | ||
| Q1 25 | -2.0% | -9.1% | ||
| Q4 24 | -1.9% | -2.9% | ||
| Q3 24 | -1.4% | — | ||
| Q2 24 | -2.5% | — | ||
| Q1 24 | -1.1% | — |
| Q4 25 | $-0.92 | $-0.02 | ||
| Q3 25 | $-0.68 | $-0.07 | ||
| Q2 25 | $-0.82 | $-0.07 | ||
| Q1 25 | $-0.44 | $-0.07 | ||
| Q4 24 | $-1.19 | $-0.03 | ||
| Q3 24 | $-0.40 | — | ||
| Q2 24 | $-0.90 | — | ||
| Q1 24 | $-0.37 | — |
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 | $10.5M |
| Total DebtLower is stronger | $4.1M | $84.0M |
| Stockholders' EquityBook value | $16.3M | $113.0M |
| Total Assets | $51.1M | $280.7M |
| Debt / EquityLower = less leverage | 0.25× | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $10.5M | ||
| Q3 25 | $2.3M | $12.9M | ||
| Q2 25 | $2.0M | $11.3M | ||
| Q1 25 | $1.1M | $17.1M | ||
| Q4 24 | $2.5M | $15.5M | ||
| Q3 24 | $2.1M | — | ||
| Q2 24 | $797.2K | — | ||
| Q1 24 | $2.7M | — |
| Q4 25 | $4.1M | $84.0M | ||
| Q3 25 | $2.7M | $87.6M | ||
| Q2 25 | $4.5M | $66.0M | ||
| Q1 25 | $3.5M | $71.5M | ||
| Q4 24 | $2.5M | $70.6M | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $194.0K | — |
| Q4 25 | $16.3M | $113.0M | ||
| Q3 25 | $17.9M | $112.1M | ||
| Q2 25 | $14.3M | $102.5M | ||
| Q1 25 | $11.6M | $103.6M | ||
| Q4 24 | $11.9M | $106.3M | ||
| Q3 24 | $8.1M | — | ||
| Q2 24 | $7.6M | — | ||
| Q1 24 | $8.4M | — |
| Q4 25 | $51.1M | $280.7M | ||
| Q3 25 | $46.9M | $283.3M | ||
| Q2 25 | $51.4M | $236.1M | ||
| Q1 25 | $42.0M | $244.6M | ||
| Q4 24 | $79.0M | $242.8M | ||
| Q3 24 | $32.4M | — | ||
| Q2 24 | $30.0M | — | ||
| Q1 24 | $22.1M | — |
| Q4 25 | 0.25× | 0.74× | ||
| Q3 25 | 0.15× | 0.78× | ||
| Q2 25 | 0.31× | 0.64× | ||
| Q1 25 | 0.31× | 0.69× | ||
| Q4 24 | 0.21× | 0.66× | ||
| Q3 24 | 0.40× | — | ||
| 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 | $8.9M |
| Free Cash FlowOCF − Capex | $-1.2M | $6.9M |
| FCF MarginFCF / Revenue | -1.5% | 14.0% |
| Capex IntensityCapex / Revenue | 0.0% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | $26.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $8.9M | ||
| Q3 25 | $-953.0K | $9.8M | ||
| Q2 25 | $257.7K | $9.7M | ||
| Q1 25 | $-1.9M | $8.9M | ||
| Q4 24 | $-403.7K | $9.3M | ||
| Q3 24 | $625.0K | — | ||
| Q2 24 | $-2.6M | — | ||
| Q1 24 | $-536.9K | — |
| Q4 25 | $-1.2M | $6.9M | ||
| Q3 25 | $-969.2K | $8.0M | ||
| Q2 25 | $211.7K | $4.4M | ||
| Q1 25 | $-2.0M | $7.3M | ||
| Q4 24 | $-421.3K | $5.6M | ||
| Q3 24 | $594.5K | — | ||
| Q2 24 | $-2.6M | — | ||
| Q1 24 | $-608.5K | — |
| Q4 25 | -1.5% | 14.0% | ||
| Q3 25 | -0.9% | 20.0% | ||
| Q2 25 | 0.3% | 12.6% | ||
| Q1 25 | -3.4% | 22.0% | ||
| Q4 24 | -0.4% | 15.2% | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | -3.4% | — | ||
| Q1 24 | -1.2% | — |
| Q4 25 | 0.0% | 4.2% | ||
| Q3 25 | 0.0% | 4.6% | ||
| Q2 25 | 0.1% | 14.9% | ||
| Q1 25 | 0.1% | 4.8% | ||
| Q4 24 | 0.0% | 9.9% | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.1% | — |
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% |
QIPT
Segment breakdown not available.
