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

iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $70.9M, roughly 1.2× RCI HOSPITALITY HOLDINGS, INC.). iQSTEL Inc runs the higher net margin — -3.2% vs -7.8%, a 4.6% gap on every dollar of revenue. On growth, RCI HOSPITALITY HOLDINGS, INC. posted the faster year-over-year revenue change (-3.1% vs -14.9%). RCI HOSPITALITY HOLDINGS, INC. produced more free cash flow last quarter ($11.5M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -2.0%).

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.

RCI Hospitality Holdings, Inc., through its subsidiaries, operates strip clubs, nightclubs, sports bars/restaurants, and a media and convention company that serves the adult club industry. RCI went public with an IPO in 1995 is listed on The NASDAQ Global Market under the symbol RICK.

IQST vs RICK — Head-to-Head

Bigger by revenue
IQST
IQST
1.2× larger
IQST
$84.2M
$70.9M
RICK
Growing faster (revenue YoY)
RICK
RICK
+11.7% gap
RICK
-3.1%
-14.9%
IQST
Higher net margin
IQST
IQST
4.6% more per $
IQST
-3.2%
-7.8%
RICK
More free cash flow
RICK
RICK
$12.7M more FCF
RICK
$11.5M
$-1.2M
IQST
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
-2.0%
RICK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IQST
IQST
RICK
RICK
Revenue
$84.2M
$70.9M
Net Profit
$-2.7M
$-5.5M
Gross Margin
3.5%
Operating Margin
-2.9%
-0.7%
Net Margin
-3.2%
-7.8%
Revenue YoY
-14.9%
-3.1%
Net Profit YoY
-44.5%
-2354.9%
EPS (diluted)
$-0.92
$-0.60

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
RICK
RICK
Q4 25
$84.2M
Q3 25
$102.9M
$70.9M
Q2 25
$72.2M
$71.1M
Q1 25
$57.6M
$65.9M
Q4 24
$98.9M
$71.5M
Q3 24
$54.2M
$73.2M
Q2 24
$78.6M
$76.2M
Q1 24
$51.4M
$72.3M
Net Profit
IQST
IQST
RICK
RICK
Q4 25
$-2.7M
Q3 25
$-2.3M
$-5.5M
Q2 25
$-2.3M
$4.1M
Q1 25
$-1.1M
$3.2M
Q4 24
$-1.9M
$9.0M
Q3 24
$-773.0K
$244.0K
Q2 24
$-2.0M
$-5.2M
Q1 24
$-580.2K
$774.0K
Gross Margin
IQST
IQST
RICK
RICK
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%
Operating Margin
IQST
IQST
RICK
RICK
Q4 25
-2.9%
Q3 25
-0.5%
-0.7%
Q2 25
-0.9%
12.2%
Q1 25
-1.0%
12.4%
Q4 24
-0.3%
19.5%
Q3 24
-0.1%
4.8%
Q2 24
-0.4%
-3.3%
Q1 24
-0.4%
6.4%
Net Margin
IQST
IQST
RICK
RICK
Q4 25
-3.2%
Q3 25
-2.3%
-7.8%
Q2 25
-3.3%
5.7%
Q1 25
-2.0%
4.9%
Q4 24
-1.9%
12.6%
Q3 24
-1.4%
0.3%
Q2 24
-2.5%
-6.9%
Q1 24
-1.1%
1.1%
EPS (diluted)
IQST
IQST
RICK
RICK
Q4 25
$-0.92
Q3 25
$-0.68
$-0.60
Q2 25
$-0.82
$0.46
Q1 25
$-0.44
$0.36
Q4 24
$-1.19
$1.01
Q3 24
$-0.40
$0.04
Q2 24
$-0.90
$-0.56
Q1 24
$-0.37
$0.08

Balance Sheet & Financial Strength

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

Metric
IQST
IQST
RICK
RICK
Cash + ST InvestmentsLiquidity on hand
$2.2M
$33.7M
Total DebtLower is stronger
$4.1M
$238.2M
Stockholders' EquityBook value
$16.3M
$261.1M
Total Assets
$51.1M
$596.9M
Debt / EquityLower = less leverage
0.25×
0.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQST
IQST
RICK
RICK
Q4 25
$2.2M
Q3 25
$2.3M
$33.7M
Q2 25
$2.0M
$29.3M
Q1 25
$1.1M
$32.7M
Q4 24
$2.5M
$34.7M
Q3 24
$2.1M
$32.4M
Q2 24
$797.2K
$34.9M
Q1 24
$2.7M
$20.0M
Total Debt
IQST
IQST
RICK
RICK
Q4 25
$4.1M
Q3 25
$2.7M
$238.2M
Q2 25
$4.5M
$243.8M
Q1 25
$3.5M
$244.1M
Q4 24
$2.5M
Q3 24
$3.2M
$241.1M
Q2 24
$2.5M
Q1 24
$194.0K
Stockholders' Equity
IQST
IQST
RICK
RICK
Q4 25
$16.3M
Q3 25
$17.9M
$261.1M
Q2 25
$14.3M
$269.5M
Q1 25
$11.6M
$268.8M
Q4 24
$11.9M
$269.0M
Q3 24
$8.1M
$263.4M
Q2 24
$7.6M
$271.2M
Q1 24
$8.4M
$285.8M
Total Assets
IQST
IQST
RICK
RICK
Q4 25
$51.1M
Q3 25
$46.9M
$596.9M
Q2 25
$51.4M
$597.4M
Q1 25
$42.0M
$589.8M
Q4 24
$79.0M
$586.2M
Q3 24
$32.4M
$584.4M
Q2 24
$30.0M
$601.0M
Q1 24
$22.1M
$609.9M
Debt / Equity
IQST
IQST
RICK
RICK
Q4 25
0.25×
Q3 25
0.15×
0.91×
Q2 25
0.31×
0.90×
Q1 25
0.31×
0.91×
Q4 24
0.21×
Q3 24
0.40×
0.92×
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
IQST
IQST
RICK
RICK
Operating Cash FlowLast quarter
$-1.2M
$13.7M
Free Cash FlowOCF − Capex
$-1.2M
$11.5M
FCF MarginFCF / Revenue
-1.5%
16.2%
Capex IntensityCapex / Revenue
0.0%
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.0M
$34.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IQST
IQST
RICK
RICK
Q4 25
$-1.2M
Q3 25
$-953.0K
$13.7M
Q2 25
$257.7K
$13.8M
Q1 25
$-1.9M
$8.5M
Q4 24
$-403.7K
$13.3M
Q3 24
$625.0K
$15.7M
Q2 24
$-2.6M
$15.8M
Q1 24
$-536.9K
$10.8M
Free Cash Flow
IQST
IQST
RICK
RICK
Q4 25
$-1.2M
Q3 25
$-969.2K
$11.5M
Q2 25
$211.7K
$10.1M
Q1 25
$-2.0M
$5.7M
Q4 24
$-421.3K
$7.6M
Q3 24
$594.5K
$10.3M
Q2 24
$-2.6M
$9.3M
Q1 24
$-608.5K
$3.2M
FCF Margin
IQST
IQST
RICK
RICK
Q4 25
-1.5%
Q3 25
-0.9%
16.2%
Q2 25
0.3%
14.2%
Q1 25
-3.4%
8.6%
Q4 24
-0.4%
10.6%
Q3 24
1.1%
14.0%
Q2 24
-3.4%
12.3%
Q1 24
-1.2%
4.4%
Capex Intensity
IQST
IQST
RICK
RICK
Q4 25
0.0%
Q3 25
0.0%
3.2%
Q2 25
0.1%
5.2%
Q1 25
0.1%
4.3%
Q4 24
0.0%
8.0%
Q3 24
0.1%
7.3%
Q2 24
0.0%
8.4%
Q1 24
0.1%
10.6%
Cash Conversion
IQST
IQST
RICK
RICK
Q4 25
Q3 25
Q2 25
3.40×
Q1 25
2.65×
Q4 24
1.48×
Q3 24
64.14×
Q2 24
Q1 24
14.00×

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%

RICK
RICK

Transferred At Point In Time$60.8M86%
Food And Merchandise$10.4M15%

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