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Financials · IQST

iQSTEL Inc. (IQST) financials

For the twelve months ended Jun 30, 2026, iQSTEL Inc. reported $394.07M of revenue and -$8.81M of net income.

Revenue, TTM
$394.07M
Revenue growth, YoY
+39.3%
Net income, TTM
-$8.81M
Net margin
-2.2%
Free cash flow, TTM
-$3.88M
Cash
$2.09M
Total debt
$2.55M
P/S
0.02
Market cap
$8.6M
Annual revenue$316.90M
FY2015FY2025
Annual net income-$8.51M
FY2015FY2025
Annual free cash flow-$3.96M
FY2018FY2025

IQST revenue and earnings growth

IQST revenueQ2 2026$109.07M

Quarter YoY
+51.1%
QoQ
+11.4%
FY YoY
+11.9%
5Y CAGR
+37.4%

IQST revenue was $109.07M in fiscal Q2 2026 (ended Jun 30, 2026), up 51.1% from a year earlier and up 11.4% from the prior quarter. For the full fiscal 2025 it was $316.90M, up 11.9% from fiscal 2024. Compound annual growth was +37.4% over 5 years. It rose in 6 of the last 7 fiscal years. Fiscal 2025 is the highest of the 12 fiscal years on file.

IQST net incomeQ2 2026-$2.41M

IQST net income was -$2.41M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$2.35M a year earlier. For the full fiscal 2025 it was -$8.51M, compared with -$5.18M in fiscal 2024.

IQST EPSQ2 2026-$0.38

IQST diluted EPS was -$0.38 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$2.86.

IQST free cash flowQ2 2026-$1.49M

IQST free cash flow was -$1.49M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $211.7K a year earlier. For the full fiscal 2025 it was -$3.96M, compared with -$3.08M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2016
Jun 30, 2016
FY2015
Jun 30, 2015
Revenue$316.90M$283.22M$144.50M$93.20M$64.70M$64.70M$18.03M$13.78M$0$0
Cost of revenue$307.44M$274.95M$139.83M$91.41M$63.17M$63.17M$17.25M$12.58M$0$0
Gross profit$9.46M$8.27M$4.67M$1.79M$1.53M$1.53M$780.9K$1.19M$0$0
Selling, general and admin$11.54M$9.11M$4.99M$4.98M$4.52M$4.52M$1.45M$1.22M-$0
Operating income-$4.25M-$834.1K-$315.5K-$3.19M-$2.98M-$2.98M-$668.7K-$27.9K$245.0K$32.9K
Interest expense-----$3.51M$2.65M$460.2K$26.0K-$994
Pre-tax income-$8.39M-$4.79M-$219.4K-$5.87M-$3.86M-$3.86M-$5.44M-$2.10M-$245.0K-$32.1K
Income tax$121.7K$394.0K---$152$0$0$0$800
Net income-$8.51M-$5.18M-$763.3K-$5.97M-$3.84M-$3.84M-$5.46M-$2.10M-$245.0K-$32.9K
EPS, basic-----$0.03-$0.10-$0.35-$0.15$0.00$0.00
EPS, diluted-$2.86-$2.86-$0.01-$0.04-$0.03-$0.03-$0.35-$0.15$0.00$0.00
Diluted shares---151.9M135.4M135.4M15.7M13.7M150.7M400.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2016
Jun 30, 2016
FY2015
Jun 30, 2015
Cash and equivalents$2.16M$2.51M$1.36M$1.33M$3.33M$3.33M$753.3K$4.6K$16.1K$0
Receivables$30.26M$57.16M$12.54M$4.21M$2.54M$2.53M$2.76M$1.83M$0-
Inventory$30.7K$30.7K$27.1K$26.1K----$9.2K$0
Current assets$36.16M$63.02M$15.72M$6.44M$6.57M$3.58M$3.44M$2.11M$36.8K$0
Goodwill$5.79M$6.75M$5.17M$5.17M$1.54M$1.54M$1.46M$0--
Total assets$51.09M$79.01M$22.16M$12.55M$9.06M$5.95M$5.60M$2.39M$36.8K$0
Current liabilities$34.61M$63.82M$13.84M$6.45M$2.36M$7.91M$11.15M$3.99M--
Short-term debt$4.02M$2.46M$265.0K$94.3K$315.4K$1.33M$89.7K$194.6K--
Long-term debt$31.3K$3.01M$99.1K$108.2K$119.3K$270.8K$178.0K$0--
Total debt$4.05M$5.47M$364.1K$202.5K$434.7K$1.60M$267.7K$194.6K--
Total liabilities$34.81M$67.11M$14.11M$6.71M$2.64M$8.35M$11.37M$3.99M$210.4K$9.9K
Shareholders' equity$16.28M$11.90M$8.05M$6.76M$7.42M-$1.39M-$4.87M-$1.60M$230.1K-$9.9K

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2016
Jun 30, 2016
FY2015
Jun 30, 2015
Operating cash flow-$3.84M-$2.93M-$1.48M-$1.77M-$3.15M-$3.15M-$1.24M-$356.6K-$145.5K-$35.2K
Capital expenditures$113.0K$151.6K$220.0K$112.1K$153.2K$153.2K$32.0K$426--
Free cash flow-$3.96M-$3.08M-$1.70M-$1.88M-$3.31M-$3.31M-$1.28M-$357.0K--
Investing cash flow-$239.7K-$3.16M-$332.6K-$2.00M-$511.3K-$511.3K$152.1K-$426--
Financing cash flow$3.73M$7.24M$1.83M$1.77M$6.25M$6.25M$1.36M$338.3K$169.3K$35.2K
Stock-based compensation$305.0K$223.2K$42.9K$126.5K$1.28M$1.28M----
Depreciation and amortization$627.7K$499.5K$128.7K$120.1K$91.5K$91.5K$41.7K$20.4K--

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2016
Jun 30, 2016
FY2015
Jun 30, 2015
Revenue growth, YoY11.9%96.0%55.0%44.1%0.0%258.8%30.9%---100.0%
Gross margin3.0%2.9%3.2%1.9%2.4%2.4%4.3%8.7%--
Operating margin-1.3%-0.3%-0.2%-3.4%-4.6%-4.6%-3.7%-0.2%--
Net margin-2.7%-1.8%-0.5%-6.4%-5.9%-5.9%-30.3%-15.3%--
Free cash flow margin-1.2%-1.1%-1.2%-2.0%-5.1%-5.1%-7.1%-2.6%--
Return on equity-52.3%-43.5%-9.5%-88.3%-51.7%----106.5%-
Return on assets-16.7%-6.6%-3.4%-47.6%-42.4%-64.5%-97.4%-88.0%-665.5%-
Current ratio1.040.991.141.002.780.450.310.53--
Debt to equity0.250.460.050.030.06-----

Source: XBRL data iQSTEL Inc. files with the SEC, latest filing dated Aug 20, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

IQST peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
IQST$394.07M+39.3%-$8.81M-2.2%$8.6M
VZ$139.39B+1.4%$16.42B11.8%$191.94B
TMUS$93.82B+9.3%$11.30B12.0%$179.10B
T$128.85B+3.5%$13.13B10.2%$147.76B
GLW$17.72B+18.8%$2.24B12.6%$96.58B
AMXMXN 943.64B+8.6%MXN 82.82B8.8%$77.52B
LITE$3.74B+103.2%-$6.58B-175.8%$53.11B
CIEN$6.02B+32.6%$654.41M10.9%$38.59B
CHTNT$236.11B+2.7%NT$38.70B16.4%$37.86B

IQST FAQ

8 questions
  • What is IQST revenue?
    iQSTEL Inc. (IQST) reported $394.07M of revenue for the twelve months ended Jun 30, 2026. That is up 39.3% from the year before. Revenue for fiscal 2025 was $316.90M.
  • Is IQST profitable?
    No. iQSTEL Inc. reported a net loss of $8.81M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does IQST have?
    iQSTEL Inc. reported $2.09M in cash and cash equivalents and $2.55M of debt on its most recent balance sheet in SEC filings.
  • How fast is IQST revenue growing?
    iQSTEL Inc.'s revenue changed +11.9% in fiscal 2025, to $316.90M. Its compound annual growth rate was +37.4% over 5 years.
  • What is IQST gross margin?
    iQSTEL Inc.'s gross profit was $10.48M on $394.07M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 2.7%.
  • What is IQST free cash flow?
    iQSTEL Inc. generated -$3.88M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$3.86M less capital expenditures.
  • When did IQST last report financial results?
    The latest statements here come from iQSTEL Inc.'s 10-Q/A filed on Aug 20, 2026, covering the period ended Jun 30, 2026.
  • Where does this IQST financial data come from?
    Quantisnow builds these statements from the structured XBRL data iQSTEL Inc. files with the SEC. It is provided for information only and is not investment advice.