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Side-by-side financial comparison of iQSTEL Inc (IQST) and RHYTHM PHARMACEUTICALS, INC. (RYTM). Click either name above to swap in a different company.

iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $57.3M, roughly 1.5× RHYTHM PHARMACEUTICALS, INC.). iQSTEL Inc runs the higher net margin — -3.2% vs -83.0%, a 79.8% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs -14.9%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% CAGR vs 28.0%).

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.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

IQST vs RYTM — Head-to-Head

Bigger by revenue
IQST
IQST
1.5× larger
IQST
$84.2M
$57.3M
RYTM
Growing faster (revenue YoY)
RYTM
RYTM
+51.7% gap
RYTM
36.9%
-14.9%
IQST
Higher net margin
IQST
IQST
79.8% more per $
IQST
-3.2%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
28.0%
IQST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IQST
IQST
RYTM
RYTM
Revenue
$84.2M
$57.3M
Net Profit
$-2.7M
$-47.5M
Gross Margin
3.5%
91.6%
Operating Margin
-2.9%
-82.2%
Net Margin
-3.2%
-83.0%
Revenue YoY
-14.9%
36.9%
Net Profit YoY
-44.5%
-9.6%
EPS (diluted)
$-0.92
$-0.73

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
RYTM
RYTM
Q4 25
$84.2M
$57.3M
Q3 25
$102.9M
$51.3M
Q2 25
$72.2M
$48.5M
Q1 25
$57.6M
$32.7M
Q4 24
$98.9M
$41.8M
Q3 24
$54.2M
$33.3M
Q2 24
$78.6M
$29.1M
Q1 24
$51.4M
$26.0M
Net Profit
IQST
IQST
RYTM
RYTM
Q4 25
$-2.7M
$-47.5M
Q3 25
$-2.3M
$-52.9M
Q2 25
$-2.3M
$-46.6M
Q1 25
$-1.1M
$-49.5M
Q4 24
$-1.9M
$-43.3M
Q3 24
$-773.0K
$-43.6M
Q2 24
$-2.0M
$-32.3M
Q1 24
$-580.2K
$-141.4M
Gross Margin
IQST
IQST
RYTM
RYTM
Q4 25
3.5%
91.6%
Q3 25
2.7%
89.3%
Q2 25
2.6%
88.6%
Q1 25
3.4%
88.8%
Q4 24
2.7%
90.9%
Q3 24
3.7%
88.5%
Q2 24
2.8%
89.9%
Q1 24
2.7%
89.2%
Operating Margin
IQST
IQST
RYTM
RYTM
Q4 25
-2.9%
-82.2%
Q3 25
-0.5%
-102.6%
Q2 25
-0.9%
-93.4%
Q1 25
-1.0%
-143.7%
Q4 24
-0.3%
-98.6%
Q3 24
-0.1%
-132.0%
Q2 24
-0.4%
-139.2%
Q1 24
-0.4%
-538.7%
Net Margin
IQST
IQST
RYTM
RYTM
Q4 25
-3.2%
-83.0%
Q3 25
-2.3%
-103.1%
Q2 25
-3.3%
-96.1%
Q1 25
-2.0%
-151.4%
Q4 24
-1.9%
-103.6%
Q3 24
-1.4%
-131.2%
Q2 24
-2.5%
-110.9%
Q1 24
-1.1%
-544.4%
EPS (diluted)
IQST
IQST
RYTM
RYTM
Q4 25
$-0.92
$-0.73
Q3 25
$-0.68
$-0.82
Q2 25
$-0.82
$-0.75
Q1 25
$-0.44
$-0.81
Q4 24
$-1.19
$-0.71
Q3 24
$-0.40
$-0.73
Q2 24
$-0.90
$-0.55
Q1 24
$-0.37
$-2.35

Balance Sheet & Financial Strength

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

Metric
IQST
IQST
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$2.2M
$388.9M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$16.3M
$139.1M
Total Assets
$51.1M
$480.2M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQST
IQST
RYTM
RYTM
Q4 25
$2.2M
$388.9M
Q3 25
$2.3M
$416.1M
Q2 25
$2.0M
$291.0M
Q1 25
$1.1M
$314.5M
Q4 24
$2.5M
$320.6M
Q3 24
$2.1M
$298.4M
Q2 24
$797.2K
$319.1M
Q1 24
$2.7M
$201.2M
Total Debt
IQST
IQST
RYTM
RYTM
Q4 25
$4.1M
Q3 25
$2.7M
Q2 25
$4.5M
Q1 25
$3.5M
Q4 24
$2.5M
Q3 24
$3.2M
Q2 24
$2.5M
Q1 24
$194.0K
Stockholders' Equity
IQST
IQST
RYTM
RYTM
Q4 25
$16.3M
$139.1M
Q3 25
$17.9M
$148.8M
Q2 25
$14.3M
$-11.9M
Q1 25
$11.6M
$18.9M
Q4 24
$11.9M
$21.7M
Q3 24
$8.1M
$11.2M
Q2 24
$7.6M
$39.3M
Q1 24
$8.4M
$61.6M
Total Assets
IQST
IQST
RYTM
RYTM
Q4 25
$51.1M
$480.2M
Q3 25
$46.9M
$506.9M
Q2 25
$51.4M
$372.7M
Q1 25
$42.0M
$386.7M
Q4 24
$79.0M
$392.3M
Q3 24
$32.4M
$363.6M
Q2 24
$30.0M
$381.8M
Q1 24
$22.1M
$258.7M
Debt / Equity
IQST
IQST
RYTM
RYTM
Q4 25
0.25×
Q3 25
0.15×
Q2 25
0.31×
Q1 25
0.31×
Q4 24
0.21×
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
IQST
IQST
RYTM
RYTM
Operating Cash FlowLast quarter
$-1.2M
$-25.4M
Free Cash FlowOCF − Capex
$-1.2M
FCF MarginFCF / Revenue
-1.5%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IQST
IQST
RYTM
RYTM
Q4 25
$-1.2M
$-25.4M
Q3 25
$-953.0K
$-26.6M
Q2 25
$257.7K
$-23.3M
Q1 25
$-1.9M
$-40.4M
Q4 24
$-403.7K
$-18.8M
Q3 24
$625.0K
$-25.2M
Q2 24
$-2.6M
$-29.1M
Q1 24
$-536.9K
$-40.7M
Free Cash Flow
IQST
IQST
RYTM
RYTM
Q4 25
$-1.2M
Q3 25
$-969.2K
Q2 25
$211.7K
Q1 25
$-2.0M
Q4 24
$-421.3K
Q3 24
$594.5K
Q2 24
$-2.6M
Q1 24
$-608.5K
FCF Margin
IQST
IQST
RYTM
RYTM
Q4 25
-1.5%
Q3 25
-0.9%
Q2 25
0.3%
Q1 25
-3.4%
Q4 24
-0.4%
Q3 24
1.1%
Q2 24
-3.4%
Q1 24
-1.2%
Capex Intensity
IQST
IQST
RYTM
RYTM
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.0%
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
IQST

USA$53.2M63%
Other$29.9M35%
Switzerland$1.1M1%

RYTM
RYTM

Segment breakdown not available.

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