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Institutional ownership roughly stable: -0.27% change quarter-over-quarter.
Data as of Q1 2026
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How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -35%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~218.9% on $2M of debt. Interest last disclosed in FY2020 (no longer broken out).
Cash of $2M is below short-term debt of $4M — relies on refinancing/operations.
Mostly short-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $316.9M 100.0% | $283.2M 100.0% | $144.5M 100.0% | $93.2M 100.0% | $64.7M 100.0% | $64.7M 100.0% | $18.0M 100.0% | $13.8M 100.0% | $9.6M 100.0% | $7.5M 100.0% |
| Cost of Revenue | $307.4M 97.0% | $274.9M 97.1% | $139.8M 96.8% | $91.4M 98.1% | $63.2M 97.6% | $63.2M 97.6% | $17.3M 95.7% | $12.6M 91.3% | $8.8M 90.9% | $6.9M 91.8% |
| Gross Profit | $9.5M 3.0% | $8.3M 2.9% | $4.7M 3.2% | $1.8M 1.9% | $1.5M 2.4% | $1.5M 2.4% | $781K 4.3% | $1.2M 8.7% | $871K 9.1% | $618K 8.2% |
| Selling, General & Admin | $11.5M 3.6% | $9.1M 3.2% | $5.0M 3.5% | $5.0M 5.3% | $4.5M 7.0% | $4.5M 7.0% | $1.4M 8.0% | $1.2M 8.9% | $789K 8.2% | $692K 9.2% |
| Total Operating Expenses | $13.7M 4.3% | $9.1M 3.2% | $5.0M 3.5% | $5.0M 5.3% | $4.5M 7.0% | $4.5M 7.0% | $1.4M 8.0% | $1.2M 8.9% | $789K 8.2% | $692K 9.2% |
| Operating Income | -$4.3M -1.3% | -$834K -0.3% | -$316K -0.2% | -$3.2M -3.4% | -$3.0M -4.6% | -$3.0M -4.6% | -$669K -3.7% | -$28K -0.2% | $82K 0.9% | -$74K -1.0% |
| Interest Expense | — | — | — | — | — | $3.5M 5.4% | $2.7M 14.7% | $460K 3.3% | — | — |
| Interest & Investment Income | — | — | — | — | — | — | — | -$460K -3.3% | -$327K -3.4% | -$241K -3.2% |
| Other Income (Expense), net | -$4.1M -1.3% | -$4.0M -1.4% | $96K 0.1% | -$2.7M -2.9% | -$880K -1.4% | -$880K -1.4% | -$4.8M -26.5% | -$2.1M -15.1% | -$374K -3.9% | -$282K -3.7% |
| Pretax Income | -$8.4M -2.6% | -$4.8M -1.7% | -$219K -0.2% | -$5.9M -6.3% | -$3.9M -6.0% | -$3.9M -6.0% | -$5.4M -30.2% | -$2.1M -15.3% | -$292K -3.0% | -$356K -4.7% |
| Income Tax Expense | $122K 0.0% | $394K 0.1% | — | — | — | $152 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | — |
| Net Income | -$8.5M -2.7% | -$5.2M -1.8% | -$763K -0.5% | -$6.0M -6.4% | -$3.8M -5.9% | -$3.8M -5.9% | -$5.5M -30.3% | -$2.1M -15.3% | -$292K -3.0% | -$356K -4.7% |
| Per Share | ||||||||||
| EPS (Diluted) | $-2.86 | $-2.86 | $-0.01 | $-0.04 | — | $-0.03 | — | — | — | — |
| Weighted Avg Shares (Diluted) | — | — | — | 151.9M | — | 135.4M | — | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$4M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
Top 16 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Ranked against 192 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOG | $4.10T | 31.4× | 27.4× | 10.2× | 15.1% | 59.7% | 32.8% | 31.8% | 28.5% | 0.3× | 4,874 |
| META | $1.70T | 28.7× | 16.9× | 8.4× | 22.2% | 82.0% | 30.1% | 27.8% | 21.9% | 0.6× | 4,839 |
| AMX | $1.40T | — | — | — | — | — | — | — | — | — | 318 |
| CHT | $350.5B | — | — | — | — | — | — | — | — | — | 206 |
| NFLX | $322.6B | 30.2× | 24.0× | 7.1× | 15.9% | 48.5% | 24.3% | 41.3% | 26.7% | 1.1× | 3,458 |
| CCZ | $239.2B | 12.0× | 6.4× | 1.9× | -0.0% | — | 16.2% | 20.6% | 19.4% | 0.2× | 1 |
| VZ | $210.3B | 12.3× | 4.3× | 1.5× | 2.5% | — | 12.4% | 16.2% | 16.2% | 0.0× | 3,122 |
| DIS | $203.3B | 15.6× | 10.5× | 2.1× | 3.4% | — | 13.1% | 11.3% | 8.2% | 1.8× | 2,883 |
| TMUS | $195.1B | 18.1× | 8.7× | 2.2× | 8.5% | — | 12.4% | 18.6% | 7.6% | 2.7× | 1,648 |
| T | $185.4B | 8.5× | 6.9× | 1.5× | 2.7% | — | 17.5% | 17.4% | 8.1% | 3.2× | 2,848 |
| VEON | $126.7B | — | — | — | — | — | — | — | — | — | 97 |
| DASH | $84.0B | 92.4× | 54.2× | 6.1× | 27.9% | — | 6.8% | 9.3% | 9.3% | — | 973 |
| WBD | $69.6B | 96.8× | 15.2× | 1.9× | -5.1% | — | 1.9% | 2.0% | 1.1% | 5.1× | 1,259 |
| EA | $52.6B | 59.7× | 36.1× | 7.0× | 0.9% | 79.0% | 11.8% | 13.1% | 13.1% | — | 998 |
| LYV | $40.3B | — | 25.5× | 1.6× | 8.8% | — | 2.0% | 183% | 5.9% | 5.0× | 779 |
| TTWO | $39.3B | — | 426.8× | 5.9× | 18.2% | 57.2% | -4.5% | -8.5% | -4.9% | 26.7× | 1,011 |
| TWLO | $36.4B | 1137.5× | 103.9× | 7.2× | 13.7% | 48.9% | 0.7% | 0.4% | 0.4% | 2.8× | 776 |
| RDDT | $29.4B | 60.1× | 62.1× | 13.3× | 69.4% | 91.2% | 24.1% | 18.1% | 18.1% | — | 765 |
| FOX | $27.3B | 12.1× | — | 1.7× | 16.6% | — | 14.1% | 19.2% | 12.4% | — | 505 |
| OMC | $24.8B | — | 57.9× | 1.4× | 10.1% | 8.5% | -0.3% | -0.5% | -0.3% | 15.8× | 1,083 |
| ROKU | $22.9B | 262.9× | 534.0× | 4.8× | 15.2% | 43.8% | 1.9% | 3.3% | 3.3% | — | 665 |
| FWONA | $21.9B | — | 40.0× | 4.9× | 22.7% | — | 12.4% | 7.2% | 4.3% | 7.9× | 283 |
| NWS | $19.0B | 16.1× | — | 2.3× | 2.4% | — | 14.0% | 13.4% | 11.0% | — | 304 |
| CHTR | $18.2B | 3.7× | 5.4× | 0.3× | -0.6% | — | 9.1% | 31.1% | 4.5% | 4.5× | 760 |
| TKO | $15.6B | 85.2× | 14.0× | 3.3× | -3.1% | — | 4.1% | 5.2% | 2.6% | 2.9× | 616 |
| IQST | $5M | — | — | 0.0× | 11.9% | 3.0% | -2.7% | -52.3% | -34.9% | -2.2× | 16 |
Peers = companies sharing IQST's sector (Communication Services) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
Nothing notable to watch.
Where each multiple sits in its own 8-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 8-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 34.5× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 91.3 | 95.7 | 97.6 | 97.6 | 98.1 | 96.8 | 97.1 | 97.0 |
| Gross Profit | 8.7 | 4.3 | 2.4 | 2.4 | 1.9 | 3.2 | 2.9 | 3.0 |
| SG&A | 8.9 | 8.0 | 7.0 | 7.0 | 5.3 | 3.5 | 3.2 | 3.6 |
| Operating Income | -0.2 | -3.7 | -4.6 | -4.6 | -3.4 | -0.2 | -0.3 | -1.3 |
| Income Tax | 0.0 | 0.0 | 0.0 | — | — | — | 0.1 | 0.0 |
| Net Income | -15.3 | -30.3 | -5.9 | -5.9 | -6.4 | -0.5 | -1.8 | -2.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on IQST: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.