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Side-by-side financial comparison of iQSTEL Inc (IQST) and Solo Brands, Inc. (SBDS). Click either name above to swap in a different company.

Solo Brands, Inc. is the larger business by last-quarter revenue ($94.0M vs $84.2M, roughly 1.1× iQSTEL Inc). iQSTEL Inc runs the higher net margin — -3.2% vs -88.4%, a 85.2% gap on every dollar of revenue. On growth, iQSTEL Inc posted the faster year-over-year revenue change (-14.9% vs -34.5%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 5.0%).

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.

Conagra Brands, Inc. is an American consumer packaged goods holding company that makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. Based on its 2021 revenue, the company ranked 331st on the 2022 Fortune 500. Headquartered in Chicago, Illinois, Conagra was founded in Nebraska in 1919 and was originally called Nebraska Consolidated Mills.

IQST vs SBDS — Head-to-Head

Bigger by revenue
SBDS
SBDS
1.1× larger
SBDS
$94.0M
$84.2M
IQST
Growing faster (revenue YoY)
IQST
IQST
+19.6% gap
IQST
-14.9%
-34.5%
SBDS
Higher net margin
IQST
IQST
85.2% more per $
IQST
-3.2%
-88.4%
SBDS
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
5.0%
SBDS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IQST
IQST
SBDS
SBDS
Revenue
$84.2M
$94.0M
Net Profit
$-2.7M
$-83.2M
Gross Margin
3.5%
60.6%
Operating Margin
-2.9%
-81.7%
Net Margin
-3.2%
-88.4%
Revenue YoY
-14.9%
-34.5%
Net Profit YoY
-44.5%
-42.9%
EPS (diluted)
$-0.92
$-45.73

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
SBDS
SBDS
Q4 25
$84.2M
$94.0M
Q3 25
$102.9M
$53.0M
Q2 25
$72.2M
$92.3M
Q1 25
$57.6M
$77.3M
Q4 24
$98.9M
$143.5M
Q3 24
$54.2M
$94.1M
Q2 24
$78.6M
$131.6M
Q1 24
$51.4M
$85.3M
Net Profit
IQST
IQST
SBDS
SBDS
Q4 25
$-2.7M
$-83.2M
Q3 25
$-2.3M
$-22.9M
Q2 25
$-2.3M
$-20.8M
Q1 25
$-1.1M
$-18.6M
Q4 24
$-1.9M
$-58.2M
Q3 24
$-773.0K
$-111.5M
Q2 24
$-2.0M
$-4.0M
Q1 24
$-580.2K
$-6.5M
Gross Margin
IQST
IQST
SBDS
SBDS
Q4 25
3.5%
60.6%
Q3 25
2.7%
60.0%
Q2 25
2.6%
61.3%
Q1 25
3.4%
55.2%
Q4 24
2.7%
61.1%
Q3 24
3.7%
41.8%
Q2 24
2.8%
62.8%
Q1 24
2.7%
59.2%
Operating Margin
IQST
IQST
SBDS
SBDS
Q4 25
-2.9%
-81.7%
Q3 25
-0.5%
-30.5%
Q2 25
-0.9%
-10.7%
Q1 25
-1.0%
-13.8%
Q4 24
-0.3%
-38.5%
Q3 24
-0.1%
-122.5%
Q2 24
-0.4%
1.7%
Q1 24
-0.4%
-7.4%
Net Margin
IQST
IQST
SBDS
SBDS
Q4 25
-3.2%
-88.4%
Q3 25
-2.3%
-43.2%
Q2 25
-3.3%
-22.5%
Q1 25
-2.0%
-24.0%
Q4 24
-1.9%
-40.6%
Q3 24
-1.4%
-118.4%
Q2 24
-2.5%
-3.1%
Q1 24
-1.1%
-7.6%
EPS (diluted)
IQST
IQST
SBDS
SBDS
Q4 25
$-0.92
$-45.73
Q3 25
$-0.68
$-9.22
Q2 25
$-0.82
$-8.93
Q1 25
$-0.44
$-0.21
Q4 24
$-1.19
$-27.74
Q3 24
$-0.40
$-47.72
Q2 24
$-0.90
$-2.14
Q1 24
$-0.37
$-0.06

Balance Sheet & Financial Strength

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

Metric
IQST
IQST
SBDS
SBDS
Cash + ST InvestmentsLiquidity on hand
$2.2M
$20.0M
Total DebtLower is stronger
$4.1M
$242.1M
Stockholders' EquityBook value
$16.3M
$46.0M
Total Assets
$51.1M
$360.3M
Debt / EquityLower = less leverage
0.25×
5.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQST
IQST
SBDS
SBDS
Q4 25
$2.2M
$20.0M
Q3 25
$2.3M
$16.3M
Q2 25
$2.0M
$18.1M
Q1 25
$1.1M
$206.4M
Q4 24
$2.5M
$12.0M
Q3 24
$2.1M
$12.5M
Q2 24
$797.2K
$20.1M
Q1 24
$2.7M
$15.4M
Total Debt
IQST
IQST
SBDS
SBDS
Q4 25
$4.1M
$242.1M
Q3 25
$2.7M
$235.2M
Q2 25
$4.5M
$238.4M
Q1 25
$3.5M
$427.9M
Q4 24
$2.5M
$150.7M
Q3 24
$3.2M
$161.1M
Q2 24
$2.5M
$162.2M
Q1 24
$194.0K
$170.2M
Stockholders' Equity
IQST
IQST
SBDS
SBDS
Q4 25
$16.3M
$46.0M
Q3 25
$17.9M
$99.1M
Q2 25
$14.3M
$113.2M
Q1 25
$11.6M
$121.7M
Q4 24
$11.9M
$133.7M
Q3 24
$8.1M
$168.0M
Q2 24
$7.6M
$236.7M
Q1 24
$8.4M
$238.5M
Total Assets
IQST
IQST
SBDS
SBDS
Q4 25
$51.1M
$360.3M
Q3 25
$46.9M
$431.0M
Q2 25
$51.4M
$459.7M
Q1 25
$42.0M
$692.4M
Q4 24
$79.0M
$495.1M
Q3 24
$32.4M
$553.2M
Q2 24
$30.0M
$642.0M
Q1 24
$22.1M
$648.3M
Debt / Equity
IQST
IQST
SBDS
SBDS
Q4 25
0.25×
5.26×
Q3 25
0.15×
2.37×
Q2 25
0.31×
2.11×
Q1 25
0.31×
3.52×
Q4 24
0.21×
1.13×
Q3 24
0.40×
0.96×
Q2 24
0.34×
0.69×
Q1 24
0.02×
0.71×

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
SBDS
SBDS
Operating Cash FlowLast quarter
$-1.2M
$6.4M
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
SBDS
SBDS
Q4 25
$-1.2M
$6.4M
Q3 25
$-953.0K
$11.2M
Q2 25
$257.7K
$10.9M
Q1 25
$-1.9M
$-75.2M
Q4 24
$-403.7K
$13.0M
Q3 24
$625.0K
$378.0K
Q2 24
$-2.6M
$15.7M
Q1 24
$-536.9K
$-18.5M
Free Cash Flow
IQST
IQST
SBDS
SBDS
Q4 25
$-1.2M
Q3 25
$-969.2K
Q2 25
$211.7K
Q1 25
$-2.0M
$-78.4M
Q4 24
$-421.3K
$9.0M
Q3 24
$594.5K
$-5.9M
Q2 24
$-2.6M
$12.8M
Q1 24
$-608.5K
$-20.9M
FCF Margin
IQST
IQST
SBDS
SBDS
Q4 25
-1.5%
Q3 25
-0.9%
Q2 25
0.3%
Q1 25
-3.4%
-101.5%
Q4 24
-0.4%
6.3%
Q3 24
1.1%
-6.3%
Q2 24
-3.4%
9.8%
Q1 24
-1.2%
-24.5%
Capex Intensity
IQST
IQST
SBDS
SBDS
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.1%
4.2%
Q4 24
0.0%
2.8%
Q3 24
0.1%
6.7%
Q2 24
0.0%
2.2%
Q1 24
0.1%
2.8%

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%

SBDS
SBDS

Sales Channel Directly To Consumer$65.4M70%
Sales Channel Through Intermediary$28.6M30%

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