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Side-by-side financial comparison of iQSTEL Inc (IQST) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $51.6M, roughly 1.6× Velocity Financial, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -3.2%, a 70.5% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs -14.9%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $-1.2M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% 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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
IQST vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $51.6M |
| Net Profit | $-2.7M | $34.8M |
| Gross Margin | 3.5% | — |
| Operating Margin | -2.9% | 97.0% |
| Net Margin | -3.2% | 67.3% |
| Revenue YoY | -14.9% | 32.8% |
| Net Profit YoY | -44.5% | 67.0% |
| EPS (diluted) | $-0.92 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $102.9M | $49.1M | ||
| Q2 25 | $72.2M | $47.6M | ||
| Q1 25 | $57.6M | $37.5M | ||
| Q4 24 | $98.9M | $38.9M | ||
| Q3 24 | $54.2M | $35.1M | ||
| Q2 24 | $78.6M | $32.4M | ||
| Q1 24 | $51.4M | $29.5M |
| Q4 25 | $-2.7M | $34.8M | ||
| Q3 25 | $-2.3M | $25.4M | ||
| Q2 25 | $-2.3M | $26.0M | ||
| Q1 25 | $-1.1M | $18.9M | ||
| Q4 24 | $-1.9M | $20.8M | ||
| Q3 24 | $-773.0K | $15.8M | ||
| Q2 24 | $-2.0M | $14.8M | ||
| Q1 24 | $-580.2K | $17.3M |
| 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 24 | 2.7% | — |
| Q4 25 | -2.9% | 97.0% | ||
| Q3 25 | -0.5% | 72.1% | ||
| Q2 25 | -0.9% | 71.3% | ||
| Q1 25 | -1.0% | 71.7% | ||
| Q4 24 | -0.3% | 82.5% | ||
| Q3 24 | -0.1% | 60.6% | ||
| Q2 24 | -0.4% | 61.3% | ||
| Q1 24 | -0.4% | 78.8% |
| Q4 25 | -3.2% | 67.3% | ||
| Q3 25 | -2.3% | 51.7% | ||
| Q2 25 | -3.3% | 54.6% | ||
| Q1 25 | -2.0% | 50.4% | ||
| Q4 24 | -1.9% | 53.5% | ||
| Q3 24 | -1.4% | 45.1% | ||
| Q2 24 | -2.5% | 45.6% | ||
| Q1 24 | -1.1% | 58.5% |
| Q4 25 | $-0.92 | $0.90 | ||
| Q3 25 | $-0.68 | $0.65 | ||
| Q2 25 | $-0.82 | $0.69 | ||
| Q1 25 | $-0.44 | $0.51 | ||
| Q4 24 | $-1.19 | $0.56 | ||
| Q3 24 | $-0.40 | $0.44 | ||
| Q2 24 | $-0.90 | $0.42 | ||
| Q1 24 | $-0.37 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $16.3M | $672.5M |
| Total Assets | $51.1M | $7.4B |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $92.1M | ||
| Q3 25 | $2.3M | $99.0M | ||
| Q2 25 | $2.0M | $79.6M | ||
| Q1 25 | $1.1M | $51.7M | ||
| Q4 24 | $2.5M | $49.9M | ||
| Q3 24 | $2.1M | $44.1M | ||
| Q2 24 | $797.2K | $47.4M | ||
| Q1 24 | $2.7M | $34.8M |
| 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 | — |
| Q4 25 | $16.3M | $672.5M | ||
| Q3 25 | $17.9M | $634.3M | ||
| Q2 25 | $14.3M | $597.9M | ||
| Q1 25 | $11.6M | $563.2M | ||
| Q4 24 | $11.9M | $516.9M | ||
| Q3 24 | $8.1M | $484.6M | ||
| Q2 24 | $7.6M | $471.3M | ||
| Q1 24 | $8.4M | $452.9M |
| Q4 25 | $51.1M | $7.4B | ||
| Q3 25 | $46.9M | $7.0B | ||
| Q2 25 | $51.4M | $6.5B | ||
| Q1 25 | $42.0M | $6.0B | ||
| Q4 24 | $79.0M | $5.5B | ||
| Q3 24 | $32.4M | $5.2B | ||
| Q2 24 | $30.0M | $4.9B | ||
| Q1 24 | $22.1M | $4.6B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.2M | $18.2M |
| Free Cash FlowOCF − Capex | $-1.2M | $17.9M |
| FCF MarginFCF / Revenue | -1.5% | 34.6% |
| Capex IntensityCapex / Revenue | 0.0% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $18.2M | ||
| Q3 25 | $-953.0K | $11.5M | ||
| Q2 25 | $257.7K | $7.7M | ||
| Q1 25 | $-1.9M | $3.5M | ||
| Q4 24 | $-403.7K | $37.8M | ||
| Q3 24 | $625.0K | $-17.6M | ||
| Q2 24 | $-2.6M | $11.5M | ||
| Q1 24 | $-536.9K | $10.6M |
| Q4 25 | $-1.2M | $17.9M | ||
| Q3 25 | $-969.2K | $11.4M | ||
| Q2 25 | $211.7K | $7.6M | ||
| Q1 25 | $-2.0M | $3.5M | ||
| Q4 24 | $-421.3K | $37.5M | ||
| Q3 24 | $594.5K | $-17.6M | ||
| Q2 24 | $-2.6M | $11.4M | ||
| Q1 24 | $-608.5K | $10.5M |
| Q4 25 | -1.5% | 34.6% | ||
| Q3 25 | -0.9% | 23.2% | ||
| Q2 25 | 0.3% | 15.9% | ||
| Q1 25 | -3.4% | 9.2% | ||
| Q4 24 | -0.4% | 96.4% | ||
| Q3 24 | 1.1% | -50.3% | ||
| Q2 24 | -3.4% | 35.1% | ||
| Q1 24 | -1.2% | 35.8% |
| Q4 25 | 0.0% | 0.5% | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | 0.1% | 0.2% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.0% | 0.7% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.0% | 0.3% | ||
| Q1 24 | 0.1% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.61× |
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% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
