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Side-by-side financial comparison of iQSTEL Inc (IQST) and SmartStop Self Storage REIT, Inc. (SMA). Click either name above to swap in a different company.

iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $78.4M, roughly 1.1× SmartStop Self Storage REIT, Inc.). SmartStop Self Storage REIT, Inc. runs the higher net margin — 3.8% vs -3.2%, a 7.0% gap on every dollar of revenue. On growth, SmartStop Self Storage REIT, Inc. posted the faster year-over-year revenue change (29.4% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 17.3%).

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.

SmartStop Self Storage REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality self-storage properties. Its portfolio covers multiple U.S. states and Canadian provinces, offering secure, flexible storage solutions for residential customers storing personal belongings and commercial clients storing inventory or seasonal goods.

IQST vs SMA — Head-to-Head

Bigger by revenue
IQST
IQST
1.1× larger
IQST
$84.2M
$78.4M
SMA
Growing faster (revenue YoY)
SMA
SMA
+44.2% gap
SMA
29.4%
-14.9%
IQST
Higher net margin
SMA
SMA
7.0% more per $
SMA
3.8%
-3.2%
IQST
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
17.3%
SMA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IQST
IQST
SMA
SMA
Revenue
$84.2M
$78.4M
Net Profit
$-2.7M
$3.0M
Gross Margin
3.5%
61.2%
Operating Margin
-2.9%
24.0%
Net Margin
-3.2%
3.8%
Revenue YoY
-14.9%
29.4%
Net Profit YoY
-44.5%
2080.0%
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.

Revenue
IQST
IQST
SMA
SMA
Q4 25
$84.2M
$78.4M
Q3 25
$102.9M
$70.4M
Q2 25
$72.2M
$66.8M
Q1 25
$57.6M
$65.4M
Q4 24
$98.9M
$60.6M
Q3 24
$54.2M
$60.2M
Q2 24
$78.6M
$59.2M
Q1 24
$51.4M
$57.0M
Net Profit
IQST
IQST
SMA
SMA
Q4 25
$-2.7M
$3.0M
Q3 25
$-2.3M
$5.2M
Q2 25
$-2.3M
$-4.8M
Q1 25
$-1.1M
$-5.5M
Q4 24
$-1.9M
$-150.0K
Q3 24
$-773.0K
$-6.2M
Q2 24
$-2.0M
$-705.0K
Q1 24
$-580.2K
$-1.6M
Gross Margin
IQST
IQST
SMA
SMA
Q4 25
3.5%
61.2%
Q3 25
2.7%
60.9%
Q2 25
2.6%
59.3%
Q1 25
3.4%
64.1%
Q4 24
2.7%
66.3%
Q3 24
3.7%
64.8%
Q2 24
2.8%
66.4%
Q1 24
2.7%
65.1%
Operating Margin
IQST
IQST
SMA
SMA
Q4 25
-2.9%
24.0%
Q3 25
-0.5%
18.1%
Q2 25
-0.9%
15.4%
Q1 25
-1.0%
26.3%
Q4 24
-0.3%
29.4%
Q3 24
-0.1%
29.4%
Q2 24
-0.4%
29.9%
Q1 24
-0.4%
28.0%
Net Margin
IQST
IQST
SMA
SMA
Q4 25
-3.2%
3.8%
Q3 25
-2.3%
7.4%
Q2 25
-3.3%
-7.2%
Q1 25
-2.0%
-8.3%
Q4 24
-1.9%
-0.2%
Q3 24
-1.4%
-10.3%
Q2 24
-2.5%
-1.2%
Q1 24
-1.1%
-2.9%
EPS (diluted)
IQST
IQST
SMA
SMA
Q4 25
$-0.92
Q3 25
$-0.68
$0.09
Q2 25
$-0.82
$-0.16
Q1 25
$-0.44
$-0.35
Q4 24
$-1.19
Q3 24
$-0.40
$-0.26
Q2 24
$-0.90
$-0.16
Q1 24
$-0.37
$-0.20

Balance Sheet & Financial Strength

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

Metric
IQST
IQST
SMA
SMA
Cash + ST InvestmentsLiquidity on hand
$2.2M
$54.2M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$16.3M
$1.2B
Total Assets
$51.1M
$2.4B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQST
IQST
SMA
SMA
Q4 25
$2.2M
$54.2M
Q3 25
$2.3M
$47.8M
Q2 25
$2.0M
$37.7M
Q1 25
$1.1M
$35.2M
Q4 24
$2.5M
$23.1M
Q3 24
$2.1M
$36.7M
Q2 24
$797.2K
$34.7M
Q1 24
$2.7M
$39.2M
Total Debt
IQST
IQST
SMA
SMA
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
SMA
SMA
Q4 25
$16.3M
$1.2B
Q3 25
$17.9M
$1.2B
Q2 25
$14.3M
$1.2B
Q1 25
$11.6M
$303.0M
Q4 24
$11.9M
$325.7M
Q3 24
$8.1M
$343.9M
Q2 24
$7.6M
$365.8M
Q1 24
$8.4M
$384.8M
Total Assets
IQST
IQST
SMA
SMA
Q4 25
$51.1M
$2.4B
Q3 25
$46.9M
$2.4B
Q2 25
$51.4M
$2.3B
Q1 25
$42.0M
$2.1B
Q4 24
$79.0M
$2.0B
Q3 24
$32.4M
$1.9B
Q2 24
$30.0M
$1.9B
Q1 24
$22.1M
$1.9B
Debt / Equity
IQST
IQST
SMA
SMA
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
SMA
SMA
Operating Cash FlowLast quarter
$-1.2M
$85.0M
Free Cash FlowOCF − Capex
$-1.2M
FCF MarginFCF / Revenue
-1.5%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
28.61×
TTM Free Cash FlowTrailing 4 quarters
$-4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IQST
IQST
SMA
SMA
Q4 25
$-1.2M
$85.0M
Q3 25
$-953.0K
$52.1M
Q2 25
$257.7K
$8.0M
Q1 25
$-1.9M
$10.6M
Q4 24
$-403.7K
$64.0M
Q3 24
$625.0K
$21.7M
Q2 24
$-2.6M
$17.3M
Q1 24
$-536.9K
$14.4M
Free Cash Flow
IQST
IQST
SMA
SMA
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
SMA
SMA
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
SMA
SMA
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%
Cash Conversion
IQST
IQST
SMA
SMA
Q4 25
28.61×
Q3 25
9.96×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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%

SMA
SMA

Self Storage Rental Revenue$62.0M79%
Other$11.9M15%
Ancillary Operating Revenue$2.9M4%
Asset Management1$1.7M2%

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