vs
Side-by-side financial comparison of iQSTEL Inc (IQST) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $84.2M, roughly 1.2× iQSTEL Inc). Safehold Inc. runs the higher net margin — 28.5% vs -3.2%, a 31.7% gap on every dollar of revenue. On growth, Safehold Inc. posted the faster year-over-year revenue change (6.5% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 2.5%).
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.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
IQST vs SAFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $97.9M |
| Net Profit | $-2.7M | $27.9M |
| Gross Margin | 3.5% | 98.6% |
| Operating Margin | -2.9% | 27.4% |
| Net Margin | -3.2% | 28.5% |
| Revenue YoY | -14.9% | 6.5% |
| Net Profit YoY | -44.5% | 7.1% |
| EPS (diluted) | $-0.92 | $0.38 |
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 | $97.9M | ||
| Q3 25 | $102.9M | $96.2M | ||
| Q2 25 | $72.2M | $93.8M | ||
| Q1 25 | $57.6M | $97.7M | ||
| Q4 24 | $98.9M | $91.9M | ||
| Q3 24 | $54.2M | $90.7M | ||
| Q2 24 | $78.6M | $89.9M | ||
| Q1 24 | $51.4M | $93.2M |
| Q4 25 | $-2.7M | $27.9M | ||
| Q3 25 | $-2.3M | $29.3M | ||
| Q2 25 | $-2.3M | $27.9M | ||
| Q1 25 | $-1.1M | $29.4M | ||
| Q4 24 | $-1.9M | $26.0M | ||
| Q3 24 | $-773.0K | $19.3M | ||
| Q2 24 | $-2.0M | $29.7M | ||
| Q1 24 | $-580.2K | $30.7M |
| Q4 25 | 3.5% | 98.6% | ||
| Q3 25 | 2.7% | 98.5% | ||
| Q2 25 | 2.6% | 99.1% | ||
| Q1 25 | 3.4% | 98.8% | ||
| Q4 24 | 2.7% | 98.8% | ||
| Q3 24 | 3.7% | 98.8% | ||
| Q2 24 | 2.8% | 98.8% | ||
| Q1 24 | 2.7% | 98.8% |
| Q4 25 | -2.9% | 27.4% | ||
| Q3 25 | -0.5% | 25.9% | ||
| Q2 25 | -0.9% | 25.5% | ||
| Q1 25 | -1.0% | 25.9% | ||
| Q4 24 | -0.3% | 24.6% | ||
| Q3 24 | -0.1% | 17.5% | ||
| Q2 24 | -0.4% | 26.7% | ||
| Q1 24 | -0.4% | 26.4% |
| Q4 25 | -3.2% | 28.5% | ||
| Q3 25 | -2.3% | 30.5% | ||
| Q2 25 | -3.3% | 29.8% | ||
| Q1 25 | -2.0% | 30.1% | ||
| Q4 24 | -1.9% | 28.3% | ||
| Q3 24 | -1.4% | 21.3% | ||
| Q2 24 | -2.5% | 33.0% | ||
| Q1 24 | -1.1% | 33.0% |
| Q4 25 | $-0.92 | $0.38 | ||
| Q3 25 | $-0.68 | $0.41 | ||
| Q2 25 | $-0.82 | $0.39 | ||
| Q1 25 | $-0.44 | $0.41 | ||
| Q4 24 | $-1.19 | $0.36 | ||
| Q3 24 | $-0.40 | $0.27 | ||
| Q2 24 | $-0.90 | $0.42 | ||
| Q1 24 | $-0.37 | $0.43 |
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 | $21.7M |
| Total DebtLower is stronger | $4.1M | $4.6B |
| Stockholders' EquityBook value | $16.3M | $2.4B |
| Total Assets | $51.1M | $7.2B |
| Debt / EquityLower = less leverage | 0.25× | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $21.7M | ||
| Q3 25 | $2.3M | $12.1M | ||
| Q2 25 | $2.0M | $13.9M | ||
| Q1 25 | $1.1M | $17.3M | ||
| Q4 24 | $2.5M | $8.3M | ||
| Q3 24 | $2.1M | $15.6M | ||
| Q2 24 | $797.2K | $13.4M | ||
| Q1 24 | $2.7M | $11.3M |
| Q4 25 | $4.1M | $4.6B | ||
| Q3 25 | $2.7M | $4.5B | ||
| Q2 25 | $4.5M | $4.4B | ||
| Q1 25 | $3.5M | $4.3B | ||
| Q4 24 | $2.5M | $4.3B | ||
| Q3 24 | $3.2M | $4.3B | ||
| Q2 24 | $2.5M | $4.2B | ||
| Q1 24 | $194.0K | $4.1B |
| Q4 25 | $16.3M | $2.4B | ||
| Q3 25 | $17.9M | $2.4B | ||
| Q2 25 | $14.3M | $2.4B | ||
| Q1 25 | $11.6M | $2.4B | ||
| Q4 24 | $11.9M | $2.3B | ||
| Q3 24 | $8.1M | $2.3B | ||
| Q2 24 | $7.6M | $2.3B | ||
| Q1 24 | $8.4M | $2.3B |
| Q4 25 | $51.1M | $7.2B | ||
| Q3 25 | $46.9M | $7.1B | ||
| Q2 25 | $51.4M | $7.1B | ||
| Q1 25 | $42.0M | $6.9B | ||
| Q4 24 | $79.0M | $6.9B | ||
| Q3 24 | $32.4M | $6.8B | ||
| Q2 24 | $30.0M | $6.8B | ||
| Q1 24 | $22.1M | $6.7B |
| Q4 25 | 0.25× | 1.90× | ||
| Q3 25 | 0.15× | 1.89× | ||
| Q2 25 | 0.31× | 1.87× | ||
| Q1 25 | 0.31× | 1.85× | ||
| Q4 24 | 0.21× | 1.84× | ||
| Q3 24 | 0.40× | 1.88× | ||
| Q2 24 | 0.34× | 1.81× | ||
| Q1 24 | 0.02× | 1.81× |
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 | $47.8M |
| Free Cash FlowOCF − Capex | $-1.2M | — |
| FCF MarginFCF / Revenue | -1.5% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $47.8M | ||
| Q3 25 | $-953.0K | $-1.4M | ||
| Q2 25 | $257.7K | $28.0M | ||
| Q1 25 | $-1.9M | $8.9M | ||
| Q4 24 | $-403.7K | $37.9M | ||
| Q3 24 | $625.0K | $8.3M | ||
| Q2 24 | $-2.6M | $24.8M | ||
| Q1 24 | $-536.9K | $-3.1M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | -0.10× |
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% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
