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iQSTEL Inc（IQST）与Repay Holdings Corp（RPAY）财务数据对比。点击上方公司名可切换其他公司
iQSTEL Inc的季度营收约是Repay Holdings Corp的1.1倍（$84.2M vs $78.6M），iQSTEL Inc净利率更高（-3.2% vs -178.3%，领先175.1%），Repay Holdings Corp同比增速更快（0.4% vs -14.9%），Repay Holdings Corp自由现金流更多（$23.2M vs $-1.2M），过去两年iQSTEL Inc的营收复合增速更高（28.0% vs -1.3%）
iQSTEL Inc是一家科技控股企业，业务覆盖电信、物联网与金融科技三大核心领域，面向南北美洲市场的中小企业及零售用户提供高性价比的通信服务、智能物联网监测解决方案及数字化金融工具。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
IQST vs RPAY — 直观对比
营收规模更大
IQST
是对方的1.1倍
$78.6M
营收增速更快
RPAY
高出15.3%
-14.9%
净利率更高
IQST
高出175.1%
-178.3%
自由现金流更多
RPAY
多$24.5M
$-1.2M
两年增速更快
IQST
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $84.2M | $78.6M |
| 净利润 | $-2.7M | $-140.1M |
| 毛利率 | 3.5% | 74.2% |
| 营业利润率 | -2.9% | -182.2% |
| 净利率 | -3.2% | -178.3% |
| 营收同比 | -14.9% | 0.4% |
| 净利润同比 | -44.5% | -3304.1% |
| 每股收益（稀释后） | $-0.92 | $-1.68 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IQSTRPAY
| Q4 25 | $84.2M | $78.6M | ||
| Q3 25 | $102.9M | $77.7M | ||
| Q2 25 | $72.2M | $75.6M | ||
| Q1 25 | $57.6M | $77.3M | ||
| Q4 24 | $98.9M | $78.3M | ||
| Q3 24 | $54.2M | $79.1M | ||
| Q2 24 | $78.6M | $74.9M | ||
| Q1 24 | $51.4M | $80.7M |
净利润IQSTRPAY
| Q4 25 | $-2.7M | $-140.1M | ||
| Q3 25 | $-2.3M | $-6.4M | ||
| Q2 25 | $-2.3M | $-102.3M | ||
| Q1 25 | $-1.1M | $-7.9M | ||
| Q4 24 | $-1.9M | $-4.1M | ||
| Q3 24 | $-773.0K | $3.2M | ||
| Q2 24 | $-2.0M | $-4.1M | ||
| Q1 24 | $-580.2K | $-5.2M |
毛利率IQSTRPAY
| Q4 25 | 3.5% | 74.2% | ||
| Q3 25 | 2.7% | 74.4% | ||
| Q2 25 | 2.6% | 75.7% | ||
| Q1 25 | 3.4% | 75.9% | ||
| Q4 24 | 2.7% | 76.3% | ||
| Q3 24 | 3.7% | 77.8% | ||
| Q2 24 | 2.8% | 78.2% | ||
| Q1 24 | 2.7% | 76.2% |
营业利润率IQSTRPAY
| Q4 25 | -2.9% | -182.2% | ||
| Q3 25 | -0.5% | -3.9% | ||
| Q2 25 | -0.9% | -138.7% | ||
| Q1 25 | -1.0% | -4.7% | ||
| Q4 24 | -0.3% | -1.5% | ||
| Q3 24 | -0.1% | -0.9% | ||
| Q2 24 | -0.4% | -4.6% | ||
| Q1 24 | -0.4% | -3.1% |
净利率IQSTRPAY
| Q4 25 | -3.2% | -178.3% | ||
| Q3 25 | -2.3% | -8.3% | ||
| Q2 25 | -3.3% | -135.2% | ||
| Q1 25 | -2.0% | -10.3% | ||
| Q4 24 | -1.9% | -5.3% | ||
| Q3 24 | -1.4% | 4.1% | ||
| Q2 24 | -2.5% | -5.4% | ||
| Q1 24 | -1.1% | -6.5% |
每股收益（稀释后）IQSTRPAY
| Q4 25 | $-0.92 | $-1.68 | ||
| Q3 25 | $-0.68 | $-0.08 | ||
| Q2 25 | $-0.82 | $-1.15 | ||
| Q1 25 | $-0.44 | $-0.09 | ||
| Q4 24 | $-1.19 | $-0.04 | ||
| Q3 24 | $-0.40 | $0.03 | ||
| Q2 24 | $-0.90 | $-0.04 | ||
| Q1 24 | $-0.37 | $-0.06 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.2M | $115.7M |
| 总债务越低越好 | $4.1M | $280.1M |
| 股东权益账面价值 | $16.3M | $484.4M |
| 总资产 | $51.1M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.25× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资IQSTRPAY
| Q4 25 | $2.2M | $115.7M | ||
| Q3 25 | $2.3M | $95.7M | ||
| Q2 25 | $2.0M | $162.6M | ||
| Q1 25 | $1.1M | $165.5M | ||
| Q4 24 | $2.5M | $189.5M | ||
| Q3 24 | $2.1M | $168.7M | ||
| Q2 24 | $797.2K | $147.1M | ||
| Q1 24 | $2.7M | $128.3M |
总债务IQSTRPAY
| Q4 25 | $4.1M | $280.1M | ||
| Q3 25 | $2.7M | $279.5M | ||
| Q2 25 | $4.5M | $279.0M | ||
| Q1 25 | $3.5M | $497.6M | ||
| Q4 24 | $2.5M | $496.8M | ||
| Q3 24 | $3.2M | $496.2M | ||
| Q2 24 | $2.5M | $435.6M | ||
| Q1 24 | $194.0K | $434.9M |
股东权益IQSTRPAY
| Q4 25 | $16.3M | $484.4M | ||
| Q3 25 | $17.9M | $616.9M | ||
| Q2 25 | $14.3M | $633.7M | ||
| Q1 25 | $11.6M | $755.7M | ||
| Q4 24 | $11.9M | $761.3M | ||
| Q3 24 | $8.1M | $754.7M | ||
| Q2 24 | $7.6M | $815.4M | ||
| Q1 24 | $8.4M | $813.8M |
总资产IQSTRPAY
| Q4 25 | $51.1M | $1.2B | ||
| Q3 25 | $46.9M | $1.3B | ||
| Q2 25 | $51.4M | $1.4B | ||
| Q1 25 | $42.0M | $1.5B | ||
| Q4 24 | $79.0M | $1.6B | ||
| Q3 24 | $32.4M | $1.6B | ||
| Q2 24 | $30.0M | $1.5B | ||
| Q1 24 | $22.1M | $1.5B |
负债/权益比IQSTRPAY
| Q4 25 | 0.25× | 0.58× | ||
| Q3 25 | 0.15× | 0.45× | ||
| Q2 25 | 0.31× | 0.44× | ||
| Q1 25 | 0.31× | 0.66× | ||
| Q4 24 | 0.21× | 0.65× | ||
| Q3 24 | 0.40× | 0.66× | ||
| Q2 24 | 0.34× | 0.53× | ||
| Q1 24 | 0.02× | 0.53× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-1.2M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-1.2M | $23.2M |
| 自由现金流率自由现金流/营收 | -1.5% | 29.6% |
| 资本支出强度资本支出/营收 | 0.0% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-4.0M | $90.7M |
8季度趋势，按日历期对齐
经营现金流IQSTRPAY
| Q4 25 | $-1.2M | $23.3M | ||
| Q3 25 | $-953.0K | $32.2M | ||
| Q2 25 | $257.7K | $33.1M | ||
| Q1 25 | $-1.9M | $2.5M | ||
| Q4 24 | $-403.7K | $34.3M | ||
| Q3 24 | $625.0K | $60.1M | ||
| Q2 24 | $-2.6M | $31.0M | ||
| Q1 24 | $-536.9K | $24.8M |
自由现金流IQSTRPAY
| Q4 25 | $-1.2M | $23.2M | ||
| Q3 25 | $-969.2K | $32.1M | ||
| Q2 25 | $211.7K | $33.0M | ||
| Q1 25 | $-2.0M | $2.4M | ||
| Q4 24 | $-421.3K | $34.0M | ||
| Q3 24 | $594.5K | $59.8M | ||
| Q2 24 | $-2.6M | $30.5M | ||
| Q1 24 | $-608.5K | $24.7M |
自由现金流率IQSTRPAY
| Q4 25 | -1.5% | 29.6% | ||
| Q3 25 | -0.9% | 41.3% | ||
| Q2 25 | 0.3% | 43.6% | ||
| Q1 25 | -3.4% | 3.0% | ||
| Q4 24 | -0.4% | 43.5% | ||
| Q3 24 | 1.1% | 75.6% | ||
| Q2 24 | -3.4% | 40.7% | ||
| Q1 24 | -1.2% | 30.6% |
资本支出强度IQSTRPAY
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | 0.0% | 0.2% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.0% | 0.3% | ||
| Q3 24 | 0.1% | 0.3% | ||
| Q2 24 | 0.0% | 0.6% | ||
| Q1 24 | 0.1% | 0.1% |
现金转化率IQSTRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
