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Side-by-side financial comparison of Iveda Solutions, Inc. (IVDA) and ReTo Eco-Solutions, Inc. (RETO). Click either name above to swap in a different company.

ReTo Eco-Solutions, Inc. is the larger business by last-quarter revenue ($1.0M vs $626.0K, roughly 1.7× Iveda Solutions, Inc.). ReTo Eco-Solutions, Inc. runs the higher net margin — -131.6% vs -258.6%, a 127.0% gap on every dollar of revenue. On growth, ReTo Eco-Solutions, Inc. posted the faster year-over-year revenue change (36.6% vs -64.1%).

Iveda Solutions, Inc. is a technology provider specializing in cloud-based AI video surveillance, IoT-enabled smart sensing, and integrated smart city solutions. It serves public sector, enterprise, and education clients across North America and Asia, with core offerings covering remote security monitoring, smart facility management, and real-time data analysis tools for public safety use cases.

ReTo Eco-Solutions, Inc. develops and supplies eco-friendly construction materials, environmental remediation services, and solid waste treatment solutions. Its core offerings include recycled construction aggregates, soil improvement products, and ecological restoration systems, primarily serving infrastructure, real estate, and environmental conservation sectors across the Chinese market.

IVDA vs RETO — Head-to-Head

Bigger by revenue
RETO
RETO
1.7× larger
RETO
$1.0M
$626.0K
IVDA
Growing faster (revenue YoY)
RETO
RETO
+100.6% gap
RETO
36.6%
-64.1%
IVDA
Higher net margin
RETO
RETO
127.0% more per $
RETO
-131.6%
-258.6%
IVDA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
IVDA
IVDA
RETO
RETO
Revenue
$626.0K
$1.0M
Net Profit
$-1.6M
$-1.4M
Gross Margin
3.6%
17.7%
Operating Margin
-262.7%
-133.0%
Net Margin
-258.6%
-131.6%
Revenue YoY
-64.1%
36.6%
Net Profit YoY
-7.1%
-103.5%
EPS (diluted)
$-0.33

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
IVDA
IVDA
RETO
RETO
Q4 25
$626.0K
Q3 25
$1.7M
Q2 25
$1.5M
$1.0M
Q1 25
$1.5M
Q4 24
$1.7M
Q3 24
$2.4M
Q2 24
$1.5M
$768.4K
Q1 24
$346.8K
Net Profit
IVDA
IVDA
RETO
RETO
Q4 25
$-1.6M
Q3 25
$-221.3K
Q2 25
$-564.2K
$-1.4M
Q1 25
$-793.7K
Q4 24
$-1.5M
Q3 24
$-581.4K
Q2 24
$-599.0K
$-678.5K
Q1 24
$-1.3M
Gross Margin
IVDA
IVDA
RETO
RETO
Q4 25
3.6%
Q3 25
31.3%
Q2 25
29.1%
17.7%
Q1 25
19.5%
Q4 24
11.9%
Q3 24
17.1%
Q2 24
32.7%
43.3%
Q1 24
52.5%
Operating Margin
IVDA
IVDA
RETO
RETO
Q4 25
-262.7%
Q3 25
-13.0%
Q2 25
-34.8%
-133.0%
Q1 25
-56.7%
Q4 24
-87.3%
Q3 24
-25.4%
Q2 24
-39.7%
-68.0%
Q1 24
-384.1%
Net Margin
IVDA
IVDA
RETO
RETO
Q4 25
-258.6%
Q3 25
-13.4%
Q2 25
-36.9%
-131.6%
Q1 25
-53.8%
Q4 24
-86.7%
Q3 24
-24.2%
Q2 24
-39.0%
-88.3%
Q1 24
-371.9%
EPS (diluted)
IVDA
IVDA
RETO
RETO
Q4 25
$-0.33
Q3 25
$-0.07
Q2 25
$-0.20
Q1 25
$-0.28
Q4 24
$-0.60
Q3 24
$-0.27
Q2 24
$-0.30
$-0.25
Q1 24
$-0.64

Balance Sheet & Financial Strength

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

Metric
IVDA
IVDA
RETO
RETO
Cash + ST InvestmentsLiquidity on hand
$5.2M
$2.5M
Total DebtLower is stronger
$393.4K
Stockholders' EquityBook value
$4.8M
$30.4M
Total Assets
$6.4M
$41.4M
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVDA
IVDA
RETO
RETO
Q4 25
$5.2M
Q3 25
$3.3M
Q2 25
$1.6M
$2.5M
Q1 25
$2.5M
Q4 24
$2.6M
Q3 24
$3.6M
Q2 24
$2.9M
$1.6M
Q1 24
$3.9M
Total Debt
IVDA
IVDA
RETO
RETO
Q4 25
$393.4K
Q3 25
$306.4K
Q2 25
$365.3K
Q1 25
$340.8K
Q4 24
$376.2K
Q3 24
$545.9K
Q2 24
$564.0K
Q1 24
$480.0K
Stockholders' Equity
IVDA
IVDA
RETO
RETO
Q4 25
$4.8M
Q3 25
$3.8M
Q2 25
$1.5M
$30.4M
Q1 25
$1.7M
Q4 24
$2.5M
Q3 24
$4.1M
Q2 24
$2.8M
$13.3M
Q1 24
$3.3M
Total Assets
IVDA
IVDA
RETO
RETO
Q4 25
$6.4M
Q3 25
$5.8M
Q2 25
$4.4M
$41.4M
Q1 25
$4.5M
Q4 24
$5.2M
Q3 24
$9.1M
Q2 24
$6.8M
$33.7M
Q1 24
$6.6M
Debt / Equity
IVDA
IVDA
RETO
RETO
Q4 25
0.08×
Q3 25
0.08×
Q2 25
0.25×
Q1 25
0.20×
Q4 24
0.15×
Q3 24
0.13×
Q2 24
0.20×
Q1 24
0.14×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IVDA
IVDA
RETO
RETO
Operating Cash FlowLast quarter
$-252.4K
$-1.6M
Free Cash FlowOCF − Capex
$-1.7M
FCF MarginFCF / Revenue
-157.4%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVDA
IVDA
RETO
RETO
Q4 25
$-252.4K
Q3 25
$-317.0K
Q2 25
$-1.3M
$-1.6M
Q1 25
$-126.0K
Q4 24
$-889.8K
Q3 24
$-1.2M
Q2 24
$-999.7K
$-4.8M
Q1 24
$-1.3M
Free Cash Flow
IVDA
IVDA
RETO
RETO
Q4 25
Q3 25
Q2 25
$-1.7M
Q1 25
Q4 24
$-889.8K
Q3 24
$-1.5M
Q2 24
$-1.1M
Q1 24
$-1.5M
FCF Margin
IVDA
IVDA
RETO
RETO
Q4 25
Q3 25
Q2 25
-157.4%
Q1 25
Q4 24
-51.1%
Q3 24
-64.1%
Q2 24
-72.6%
Q1 24
-427.3%
Capex Intensity
IVDA
IVDA
RETO
RETO
Q4 25
Q3 25
Q2 25
5.1%
Q1 25
Q4 24
0.0%
Q3 24
12.5%
Q2 24
7.5%
Q1 24
54.3%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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