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Side-by-side financial comparison of iQSTEL Inc (IQST) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $53.8M, roughly 1.6× SMARTFINANCIAL INC.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs -3.2%, a 28.6% gap on every dollar of revenue. Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 15.4%).
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.
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
IQST vs SMBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $53.8M |
| Net Profit | $-2.7M | $13.7M |
| Gross Margin | 3.5% | — |
| Operating Margin | -2.9% | — |
| Net Margin | -3.2% | 25.4% |
| Revenue YoY | -14.9% | — |
| Net Profit YoY | -44.5% | 21.6% |
| EPS (diluted) | $-0.92 | $0.81 |
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.
| Q1 26 | — | $53.8M | ||
| Q4 25 | $84.2M | $53.3M | ||
| Q3 25 | $102.9M | $51.1M | ||
| Q2 25 | $72.2M | $49.2M | ||
| Q1 25 | $57.6M | $46.8M | ||
| Q4 24 | $98.9M | $46.8M | ||
| Q3 24 | $54.2M | $44.2M | ||
| Q2 24 | $78.6M | $40.4M |
| Q1 26 | — | $13.7M | ||
| Q4 25 | $-2.7M | $13.7M | ||
| Q3 25 | $-2.3M | $13.7M | ||
| Q2 25 | $-2.3M | $11.7M | ||
| Q1 25 | $-1.1M | $11.3M | ||
| Q4 24 | $-1.9M | $9.6M | ||
| Q3 24 | $-773.0K | $9.1M | ||
| Q2 24 | $-2.0M | $8.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -2.9% | 31.3% | ||
| Q3 25 | -0.5% | 33.2% | ||
| Q2 25 | -0.9% | 29.0% | ||
| Q1 25 | -1.0% | 29.0% | ||
| Q4 24 | -0.3% | 26.5% | ||
| Q3 24 | -0.1% | 24.3% | ||
| Q2 24 | -0.4% | 25.6% |
| Q1 26 | — | 25.4% | ||
| Q4 25 | -3.2% | 25.7% | ||
| Q3 25 | -2.3% | 26.8% | ||
| Q2 25 | -3.3% | 23.8% | ||
| Q1 25 | -2.0% | 24.0% | ||
| Q4 24 | -1.9% | 20.6% | ||
| Q3 24 | -1.4% | 20.7% | ||
| Q2 24 | -2.5% | 19.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $-0.92 | $0.81 | ||
| Q3 25 | $-0.68 | $0.81 | ||
| Q2 25 | $-0.82 | $0.69 | ||
| Q1 25 | $-0.44 | $0.67 | ||
| Q4 24 | $-1.19 | $0.57 | ||
| Q3 24 | $-0.40 | $0.54 | ||
| Q2 24 | $-0.90 | $0.48 |
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 | $346.1M |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $16.3M | $562.2M |
| Total Assets | $51.1M | $5.9B |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $346.1M | ||
| Q4 25 | $2.2M | $464.4M | ||
| Q3 25 | $2.3M | $557.1M | ||
| Q2 25 | $2.0M | $365.1M | ||
| Q1 25 | $1.1M | $423.0M | ||
| Q4 24 | $2.5M | $387.6M | ||
| Q3 24 | $2.1M | $192.9M | ||
| Q2 24 | $797.2K | $342.8M |
| Q1 26 | — | — | ||
| Q4 25 | $4.1M | — | ||
| Q3 25 | $2.7M | $1.3M | ||
| Q2 25 | $4.5M | $7.0M | ||
| Q1 25 | $3.5M | $7.6M | ||
| Q4 24 | $2.5M | $8.1M | ||
| Q3 24 | $3.2M | $9.0M | ||
| Q2 24 | $2.5M | $12.7M |
| Q1 26 | — | $562.2M | ||
| Q4 25 | $16.3M | $552.4M | ||
| Q3 25 | $17.9M | $538.4M | ||
| Q2 25 | $14.3M | $519.0M | ||
| Q1 25 | $11.6M | $505.8M | ||
| Q4 24 | $11.9M | $491.3M | ||
| Q3 24 | $8.1M | $489.0M | ||
| Q2 24 | $7.6M | $472.5M |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $51.1M | $5.9B | ||
| Q3 25 | $46.9M | $5.8B | ||
| Q2 25 | $51.4M | $5.5B | ||
| Q1 25 | $42.0M | $5.4B | ||
| Q4 24 | $79.0M | $5.3B | ||
| Q3 24 | $32.4M | $4.9B | ||
| Q2 24 | $30.0M | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.25× | — | ||
| Q3 25 | 0.15× | 0.00× | ||
| Q2 25 | 0.31× | 0.01× | ||
| Q1 25 | 0.31× | 0.02× | ||
| Q4 24 | 0.21× | 0.02× | ||
| Q3 24 | 0.40× | 0.02× | ||
| Q2 24 | 0.34× | 0.03× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-1.2M | $61.7M | ||
| Q3 25 | $-953.0K | $16.9M | ||
| Q2 25 | $257.7K | $14.0M | ||
| Q1 25 | $-1.9M | $14.3M | ||
| Q4 24 | $-403.7K | $52.7M | ||
| Q3 24 | $625.0K | $12.4M | ||
| Q2 24 | $-2.6M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.2M | $59.3M | ||
| Q3 25 | $-969.2K | $16.6M | ||
| Q2 25 | $211.7K | $13.2M | ||
| Q1 25 | $-2.0M | $13.4M | ||
| Q4 24 | $-421.3K | $46.3M | ||
| Q3 24 | $594.5K | $11.3M | ||
| Q2 24 | $-2.6M | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | -1.5% | 111.3% | ||
| Q3 25 | -0.9% | 32.4% | ||
| Q2 25 | 0.3% | 26.9% | ||
| Q1 25 | -3.4% | 28.5% | ||
| Q4 24 | -0.4% | 98.9% | ||
| Q3 24 | 1.1% | 25.7% | ||
| Q2 24 | -3.4% | 38.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 4.5% | ||
| Q3 25 | 0.0% | 0.6% | ||
| Q2 25 | 0.1% | 1.6% | ||
| Q1 25 | 0.1% | 2.0% | ||
| Q4 24 | 0.0% | 13.7% | ||
| Q3 24 | 0.1% | 2.4% | ||
| Q2 24 | 0.0% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.50× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 5.47× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 2.07× |
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% |
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
