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

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $84.2M, roughly 1.3× iQSTEL Inc). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -3.2%, a 2.4% gap on every dollar of revenue. On growth, ZIPRECRUITER, INC. posted the faster year-over-year revenue change (0.6% vs -14.9%). ZIPRECRUITER, INC. produced more free cash flow last quarter ($7.6M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -4.4%).

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.

IQST vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.3× larger
ZIP
$111.7M
$84.2M
IQST
Growing faster (revenue YoY)
ZIP
ZIP
+15.5% gap
ZIP
0.6%
-14.9%
IQST
Higher net margin
ZIP
ZIP
2.4% more per $
ZIP
-0.7%
-3.2%
IQST
More free cash flow
ZIP
ZIP
$8.9M more FCF
ZIP
$7.6M
$-1.2M
IQST
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
-4.4%
ZIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IQST
IQST
ZIP
ZIP
Revenue
$84.2M
$111.7M
Net Profit
$-2.7M
$-835.0K
Gross Margin
3.5%
89.1%
Operating Margin
-2.9%
3.6%
Net Margin
-3.2%
-0.7%
Revenue YoY
-14.9%
0.6%
Net Profit YoY
-44.5%
92.3%
EPS (diluted)
$-0.92
$-0.03

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
ZIP
ZIP
Q4 25
$84.2M
$111.7M
Q3 25
$102.9M
$115.0M
Q2 25
$72.2M
$112.2M
Q1 25
$57.6M
$110.1M
Q4 24
$98.9M
$111.0M
Q3 24
$54.2M
$117.1M
Q2 24
$78.6M
$123.7M
Q1 24
$51.4M
$122.2M
Net Profit
IQST
IQST
ZIP
ZIP
Q4 25
$-2.7M
$-835.0K
Q3 25
$-2.3M
$-9.8M
Q2 25
$-2.3M
$-9.5M
Q1 25
$-1.1M
$-12.8M
Q4 24
$-1.9M
$-10.8M
Q3 24
$-773.0K
$-2.6M
Q2 24
$-2.0M
$7.0M
Q1 24
$-580.2K
$-6.5M
Gross Margin
IQST
IQST
ZIP
ZIP
Q4 25
3.5%
89.1%
Q3 25
2.7%
89.1%
Q2 25
2.6%
89.3%
Q1 25
3.4%
89.4%
Q4 24
2.7%
89.6%
Q3 24
3.7%
89.4%
Q2 24
2.8%
89.5%
Q1 24
2.7%
89.1%
Operating Margin
IQST
IQST
ZIP
ZIP
Q4 25
-2.9%
3.6%
Q3 25
-0.5%
-4.4%
Q2 25
-0.9%
-5.9%
Q1 25
-1.0%
-10.6%
Q4 24
-0.3%
-3.6%
Q3 24
-0.1%
-2.8%
Q2 24
-0.4%
7.6%
Q1 24
-0.4%
-0.7%
Net Margin
IQST
IQST
ZIP
ZIP
Q4 25
-3.2%
-0.7%
Q3 25
-2.3%
-8.5%
Q2 25
-3.3%
-8.5%
Q1 25
-2.0%
-11.7%
Q4 24
-1.9%
-9.7%
Q3 24
-1.4%
-2.2%
Q2 24
-2.5%
5.7%
Q1 24
-1.1%
-5.3%
EPS (diluted)
IQST
IQST
ZIP
ZIP
Q4 25
$-0.92
$-0.03
Q3 25
$-0.68
$-0.11
Q2 25
$-0.82
$-0.10
Q1 25
$-0.44
$-0.13
Q4 24
$-1.19
$-0.10
Q3 24
$-0.40
$-0.03
Q2 24
$-0.90
$0.07
Q1 24
$-0.37
$-0.07

Balance Sheet & Financial Strength

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

Metric
IQST
IQST
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$2.2M
$188.0M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$16.3M
$-77.2M
Total Assets
$51.1M
$569.7M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQST
IQST
ZIP
ZIP
Q4 25
$2.2M
$188.0M
Q3 25
$2.3M
$211.8M
Q2 25
$2.0M
$203.5M
Q1 25
$1.1M
$221.1M
Q4 24
$2.5M
$218.4M
Q3 24
$2.1M
$225.6M
Q2 24
$797.2K
$271.7M
Q1 24
$2.7M
$282.5M
Total Debt
IQST
IQST
ZIP
ZIP
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
ZIP
ZIP
Q4 25
$16.3M
$-77.2M
Q3 25
$17.9M
$-76.1M
Q2 25
$14.3M
$-65.9M
Q1 25
$11.6M
$-11.3M
Q4 24
$11.9M
$13.4M
Q3 24
$8.1M
$13.6M
Q2 24
$7.6M
$24.4M
Q1 24
$8.4M
$12.7M
Total Assets
IQST
IQST
ZIP
ZIP
Q4 25
$51.1M
$569.7M
Q3 25
$46.9M
$573.6M
Q2 25
$51.4M
$592.4M
Q1 25
$42.0M
$629.4M
Q4 24
$79.0M
$664.1M
Q3 24
$32.4M
$652.0M
Q2 24
$30.0M
$665.3M
Q1 24
$22.1M
$662.4M
Debt / Equity
IQST
IQST
ZIP
ZIP
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
ZIP
ZIP
Operating Cash FlowLast quarter
$-1.2M
$7.7M
Free Cash FlowOCF − Capex
$-1.2M
$7.6M
FCF MarginFCF / Revenue
-1.5%
6.8%
Capex IntensityCapex / Revenue
0.0%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.0M
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IQST
IQST
ZIP
ZIP
Q4 25
$-1.2M
$7.7M
Q3 25
$-953.0K
$2.6M
Q2 25
$257.7K
$10.5M
Q1 25
$-1.9M
$-9.9M
Q4 24
$-403.7K
$12.5M
Q3 24
$625.0K
$9.3M
Q2 24
$-2.6M
$21.9M
Q1 24
$-536.9K
$2.0M
Free Cash Flow
IQST
IQST
ZIP
ZIP
Q4 25
$-1.2M
$7.6M
Q3 25
$-969.2K
$2.2M
Q2 25
$211.7K
$10.2M
Q1 25
$-2.0M
$-10.2M
Q4 24
$-421.3K
$12.0M
Q3 24
$594.5K
$9.2M
Q2 24
$-2.6M
$21.7M
Q1 24
$-608.5K
$1.9M
FCF Margin
IQST
IQST
ZIP
ZIP
Q4 25
-1.5%
6.8%
Q3 25
-0.9%
1.9%
Q2 25
0.3%
9.1%
Q1 25
-3.4%
-9.3%
Q4 24
-0.4%
10.8%
Q3 24
1.1%
7.8%
Q2 24
-3.4%
17.6%
Q1 24
-1.2%
1.6%
Capex Intensity
IQST
IQST
ZIP
ZIP
Q4 25
0.0%
0.1%
Q3 25
0.0%
0.3%
Q2 25
0.1%
0.3%
Q1 25
0.1%
0.3%
Q4 24
0.0%
0.4%
Q3 24
0.1%
0.2%
Q2 24
0.0%
0.1%
Q1 24
0.1%
0.1%
Cash Conversion
IQST
IQST
ZIP
ZIP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.12×
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%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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