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Side-by-side financial comparison of iQSTEL Inc (IQST) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $71.1M, roughly 1.2× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -3.2%, a 5.2% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -14.9%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -4.7%).
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.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
IQST vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $71.1M |
| Net Profit | $-2.7M | $1.4M |
| Gross Margin | 3.5% | — |
| Operating Margin | -2.9% | 13.1% |
| Net Margin | -3.2% | 2.0% |
| Revenue YoY | -14.9% | -1.8% |
| Net Profit YoY | -44.5% | -75.2% |
| EPS (diluted) | $-0.92 | — |
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 | $71.1M | ||
| Q3 25 | $102.9M | $73.2M | ||
| Q2 25 | $72.2M | $72.8M | ||
| Q1 25 | $57.6M | $74.5M | ||
| Q4 24 | $98.9M | $72.5M | ||
| Q3 24 | $54.2M | $78.5M | ||
| Q2 24 | $78.6M | $78.5M | ||
| Q1 24 | $51.4M | $78.3M |
| Q4 25 | $-2.7M | $1.4M | ||
| Q3 25 | $-2.3M | $4.0M | ||
| Q2 25 | $-2.3M | $4.7M | ||
| Q1 25 | $-1.1M | $-2.0M | ||
| Q4 24 | $-1.9M | $5.8M | ||
| Q3 24 | $-773.0K | $966.0K | ||
| Q2 24 | $-2.0M | $3.7M | ||
| Q1 24 | $-580.2K | $-3.4M |
| 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% | 13.1% | ||
| Q3 25 | -0.5% | 25.0% | ||
| Q2 25 | -0.9% | 19.3% | ||
| Q1 25 | -1.0% | 7.2% | ||
| Q4 24 | -0.3% | 5.9% | ||
| Q3 24 | -0.1% | 19.4% | ||
| Q2 24 | -0.4% | 20.6% | ||
| Q1 24 | -0.4% | 5.8% |
| Q4 25 | -3.2% | 2.0% | ||
| Q3 25 | -2.3% | 5.4% | ||
| Q2 25 | -3.3% | 6.4% | ||
| Q1 25 | -2.0% | -2.6% | ||
| Q4 24 | -1.9% | 8.0% | ||
| Q3 24 | -1.4% | 1.2% | ||
| Q2 24 | -2.5% | 4.7% | ||
| Q1 24 | -1.1% | -4.3% |
| Q4 25 | $-0.92 | — | ||
| Q3 25 | $-0.68 | — | ||
| Q2 25 | $-0.82 | — | ||
| Q1 25 | $-0.44 | — | ||
| Q4 24 | $-1.19 | — | ||
| 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 | $118.7M |
| Total DebtLower is stronger | $4.1M | $432.2M |
| Stockholders' EquityBook value | $16.3M | $452.4M |
| Total Assets | $51.1M | $582.5M |
| Debt / EquityLower = less leverage | 0.25× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $118.7M | ||
| Q3 25 | $2.3M | $107.5M | ||
| Q2 25 | $2.0M | $94.3M | ||
| Q1 25 | $1.1M | $89.1M | ||
| Q4 24 | $2.5M | $96.6M | ||
| Q3 24 | $2.1M | $83.8M | ||
| Q2 24 | $797.2K | $66.1M | ||
| Q1 24 | $2.7M | $82.1M |
| Q4 25 | $4.1M | $432.2M | ||
| Q3 25 | $2.7M | $433.3M | ||
| Q2 25 | $4.5M | $434.4M | ||
| Q1 25 | $3.5M | $435.3M | ||
| Q4 24 | $2.5M | $436.2M | ||
| Q3 24 | $3.2M | $437.2M | ||
| Q2 24 | $2.5M | $438.1M | ||
| Q1 24 | $194.0K | $439.0M |
| Q4 25 | $16.3M | $452.4M | ||
| Q3 25 | $17.9M | $448.1M | ||
| Q2 25 | $14.3M | $442.4M | ||
| Q1 25 | $11.6M | $433.5M | ||
| Q4 24 | $11.9M | $429.5M | ||
| Q3 24 | $8.1M | $423.1M | ||
| Q2 24 | $7.6M | $418.4M | ||
| Q1 24 | $8.4M | $412.0M |
| Q4 25 | $51.1M | $582.5M | ||
| Q3 25 | $46.9M | $582.2M | ||
| Q2 25 | $51.4M | $574.8M | ||
| Q1 25 | $42.0M | $571.4M | ||
| Q4 24 | $79.0M | $581.6M | ||
| Q3 24 | $32.4M | $578.6M | ||
| Q2 24 | $30.0M | $571.4M | ||
| Q1 24 | $22.1M | $566.7M |
| Q4 25 | 0.25× | 0.96× | ||
| Q3 25 | 0.15× | 0.97× | ||
| Q2 25 | 0.31× | 0.98× | ||
| Q1 25 | 0.31× | 1.00× | ||
| Q4 24 | 0.21× | 1.02× | ||
| Q3 24 | 0.40× | 1.03× | ||
| Q2 24 | 0.34× | 1.05× | ||
| Q1 24 | 0.02× | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $-1.2M | $33.5M |
| FCF MarginFCF / Revenue | -1.5% | 47.1% |
| Capex IntensityCapex / Revenue | 0.0% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $40.9M | ||
| Q3 25 | $-953.0K | $17.7M | ||
| Q2 25 | $257.7K | $4.6M | ||
| Q1 25 | $-1.9M | $5.7M | ||
| Q4 24 | $-403.7K | $59.7M | ||
| Q3 24 | $625.0K | $17.6M | ||
| Q2 24 | $-2.6M | $15.9M | ||
| Q1 24 | $-536.9K | $9.4M |
| Q4 25 | $-1.2M | $33.5M | ||
| Q3 25 | $-969.2K | $16.4M | ||
| Q2 25 | $211.7K | $2.9M | ||
| Q1 25 | $-2.0M | $4.0M | ||
| Q4 24 | $-421.3K | $53.0M | ||
| Q3 24 | $594.5K | $16.3M | ||
| Q2 24 | $-2.6M | $14.0M | ||
| Q1 24 | $-608.5K | $6.8M |
| Q4 25 | -1.5% | 47.1% | ||
| Q3 25 | -0.9% | 22.4% | ||
| Q2 25 | 0.3% | 4.0% | ||
| Q1 25 | -3.4% | 5.3% | ||
| Q4 24 | -0.4% | 73.2% | ||
| Q3 24 | 1.1% | 20.8% | ||
| Q2 24 | -3.4% | 17.8% | ||
| Q1 24 | -1.2% | 8.6% |
| Q4 25 | 0.0% | 10.4% | ||
| Q3 25 | 0.0% | 1.8% | ||
| Q2 25 | 0.1% | 2.2% | ||
| Q1 25 | 0.1% | 2.3% | ||
| Q4 24 | 0.0% | 9.1% | ||
| Q3 24 | 0.1% | 1.7% | ||
| Q2 24 | 0.0% | 2.4% | ||
| Q1 24 | 0.1% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| 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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
