IQST
IQST
iQSTEL Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $84.22M ▼ | $3M ▼ | $-3.13M ▼ | -3.72% ▼ | $-0.89 ▼ | $-86.39K ▲ |
| Q3-2025 | $102.87M ▲ | $3.14M ▲ | $-2.47M ▼ | -2.4% ▲ | $-0.68 ▲ | $-1.75M ▼ |
| Q2-2025 | $72.18M ▲ | $2.53M ▼ | $-2.41M ▼ | -3.33% ▼ | $-0.82 ▼ | $-1.64M ▼ |
| Q1-2025 | $57.63M ▼ | $2.54M ▼ | $-1.16M ▲ | -2.01% ▲ | $0 ▲ | $-465.16K ▼ |
| Q4-2024 | $98.87M | $2.96M | $-2.25M | -2.28% | $-0.02 | $137.59K |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $2.16M ▼ | $51.09M ▲ | $34.81M ▲ | $11.16M ▼ |
| Q3-2025 | $2.26M ▲ | $46.89M ▼ | $29.03M ▼ | $13.17M ▲ |
| Q2-2025 | $2.04M ▲ | $51.41M ▲ | $37.12M ▲ | $9.53M ▲ |
| Q1-2025 | $1.09M ▼ | $42.02M ▼ | $30.46M ▼ | $6.86M ▼ |
| Q4-2024 | $2.51M | $79.01M | $67.11M | $7.22M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $5.66M ▲ | $-1.24M ▼ | $-20.32K ▲ | $1.16M ▼ | $-104.07K ▼ | $1.96M ▲ |
| Q3-2025 | $-2.47M ▼ | $-953.04K ▼ | $-45.52K ▲ | $1.22M ▲ | $221.14K ▼ | $-969.25K ▼ |
| Q2-2025 | $-2.35M ▼ | $257.69K ▲ | $-115.17K ▼ | $810.72K ▲ | $953.24K ▲ | $211.68K ▲ |
| Q1-2025 | $-1.14M ▲ | $-1.91M ▼ | $-58.65K ▲ | $540.3K ▼ | $-1.43M ▼ | $-1.96M ▼ |
| Q4-2024 | $-1.86M | $-403.65K | $-212.6K | $1M | $385.22K | $-421.26K |
Revenue by Products
| Product | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|
Corporate Segment | $0 ▲ | $0 ▲ | $0 ▲ |
Elimination | $-10.00M ▲ | $-20.00M ▼ | $-10.00M ▲ |
Fintech | $0 ▲ | $10.00M ▲ | $10.00M ▲ |
Telecom | $0 ▲ | $100.00M ▲ | $230.00M ▲ |
U S A | $40.00M ▲ | $60.00M ▲ | $90.00M ▲ |
United Kingdom | $40.00M ▲ | $40.00M ▲ | $60.00M ▲ |
Revenue by Geography
| Region | Q3-2024 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
Geography Eliminations | $0 ▲ | $-10.00M ▼ | $-20.00M ▼ | $-10.00M ▲ |
SWITZERLAND | $0 ▲ | $10.00M ▲ | $10.00M ▲ | $0 ▼ |
UNITED KINGDOM | $0 ▲ | $40.00M ▲ | $40.00M ▲ | $60.00M ▲ |
UNITED STATES | $0 ▲ | $40.00M ▲ | $60.00M ▲ | $90.00M ▲ |
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at iQSTEL Inc.'s financial evolution and strategic trajectory over the past five years.
Key positives include a substantial revenue base, which shows that the company has achieved commercial traction, and a balance sheet that is free of financial debt with positive overall equity. These features reduce financial fragility and suggest some resilience, provided operations do not deteriorate sharply. The presence of goodwill and intangible assets points to past strategic moves or acquired capabilities that could offer optionality for future development. Operating at scale in telecommunications also positions the company to benefit from ongoing global demand for connectivity and data services if it can improve margins.
Main concerns are structurally thin margins, negative operating and EBITDA results, and a long history of accumulated losses, all of which signal that the current business model has not yet proven robustly profitable. Liquidity is tight, with limited cash relative to short-term obligations and heavy reliance on receivables collection. Data anomalies—such as negative earnings per share despite positive net income, missing expense categories, and a non-informative cash flow statement—add uncertainty about the underlying economic reality and make it harder to assess sustainability. In a fiercely competitive, low-margin industry, these financial weaknesses can become more acute if volumes or pricing come under pressure.
Looking ahead, the company sits at a crossroads: it has real scale and no debt burden, but it must translate that scale into healthier margins and stronger cash generation to build long-term strength. Improvements in cost discipline, pricing, customer mix, or service mix would be needed to move from barely breakeven to sustainably profitable operations. The broader communications market continues to grow in traffic and complexity, which offers opportunity, but also intensifies competition and the need for ongoing investment. Given the thin financial buffer and limited visibility into cash flows and innovation plans, the forward picture is best viewed as uncertain and highly dependent on execution and clearer, more consistent reporting over time.
About iQSTEL Inc.
https://www.iqstel.comiQSTEL Inc., through its subsidiary, Etelix.com USA, LLC, provides telecom and technology solutions. It provides international long-distance voice services (ILD wholesale) for telecommunications operator; and submarine fiber optic network capacity for internet, such as 4G and 5G.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $84.22M ▼ | $3M ▼ | $-3.13M ▼ | -3.72% ▼ | $-0.89 ▼ | $-86.39K ▲ |
| Q3-2025 | $102.87M ▲ | $3.14M ▲ | $-2.47M ▼ | -2.4% ▲ | $-0.68 ▲ | $-1.75M ▼ |
| Q2-2025 | $72.18M ▲ | $2.53M ▼ | $-2.41M ▼ | -3.33% ▼ | $-0.82 ▼ | $-1.64M ▼ |
| Q1-2025 | $57.63M ▼ | $2.54M ▼ | $-1.16M ▲ | -2.01% ▲ | $0 ▲ | $-465.16K ▼ |
| Q4-2024 | $98.87M | $2.96M | $-2.25M | -2.28% | $-0.02 | $137.59K |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $2.16M ▼ | $51.09M ▲ | $34.81M ▲ | $11.16M ▼ |
| Q3-2025 | $2.26M ▲ | $46.89M ▼ | $29.03M ▼ | $13.17M ▲ |
| Q2-2025 | $2.04M ▲ | $51.41M ▲ | $37.12M ▲ | $9.53M ▲ |
| Q1-2025 | $1.09M ▼ | $42.02M ▼ | $30.46M ▼ | $6.86M ▼ |
| Q4-2024 | $2.51M | $79.01M | $67.11M | $7.22M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $5.66M ▲ | $-1.24M ▼ | $-20.32K ▲ | $1.16M ▼ | $-104.07K ▼ | $1.96M ▲ |
| Q3-2025 | $-2.47M ▼ | $-953.04K ▼ | $-45.52K ▲ | $1.22M ▲ | $221.14K ▼ | $-969.25K ▼ |
| Q2-2025 | $-2.35M ▼ | $257.69K ▲ | $-115.17K ▼ | $810.72K ▲ | $953.24K ▲ | $211.68K ▲ |
| Q1-2025 | $-1.14M ▲ | $-1.91M ▼ | $-58.65K ▲ | $540.3K ▼ | $-1.43M ▼ | $-1.96M ▼ |
| Q4-2024 | $-1.86M | $-403.65K | $-212.6K | $1M | $385.22K | $-421.26K |
Revenue by Products
| Product | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|
Corporate Segment | $0 ▲ | $0 ▲ | $0 ▲ |
Elimination | $-10.00M ▲ | $-20.00M ▼ | $-10.00M ▲ |
Fintech | $0 ▲ | $10.00M ▲ | $10.00M ▲ |
Telecom | $0 ▲ | $100.00M ▲ | $230.00M ▲ |
U S A | $40.00M ▲ | $60.00M ▲ | $90.00M ▲ |
United Kingdom | $40.00M ▲ | $40.00M ▲ | $60.00M ▲ |
Revenue by Geography
| Region | Q3-2024 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
Geography Eliminations | $0 ▲ | $-10.00M ▼ | $-20.00M ▼ | $-10.00M ▲ |
SWITZERLAND | $0 ▲ | $10.00M ▲ | $10.00M ▲ | $0 ▼ |
UNITED KINGDOM | $0 ▲ | $40.00M ▲ | $40.00M ▲ | $60.00M ▲ |
UNITED STATES | $0 ▲ | $40.00M ▲ | $60.00M ▲ | $90.00M ▲ |
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at iQSTEL Inc.'s financial evolution and strategic trajectory over the past five years.
Key positives include a substantial revenue base, which shows that the company has achieved commercial traction, and a balance sheet that is free of financial debt with positive overall equity. These features reduce financial fragility and suggest some resilience, provided operations do not deteriorate sharply. The presence of goodwill and intangible assets points to past strategic moves or acquired capabilities that could offer optionality for future development. Operating at scale in telecommunications also positions the company to benefit from ongoing global demand for connectivity and data services if it can improve margins.
Main concerns are structurally thin margins, negative operating and EBITDA results, and a long history of accumulated losses, all of which signal that the current business model has not yet proven robustly profitable. Liquidity is tight, with limited cash relative to short-term obligations and heavy reliance on receivables collection. Data anomalies—such as negative earnings per share despite positive net income, missing expense categories, and a non-informative cash flow statement—add uncertainty about the underlying economic reality and make it harder to assess sustainability. In a fiercely competitive, low-margin industry, these financial weaknesses can become more acute if volumes or pricing come under pressure.
Looking ahead, the company sits at a crossroads: it has real scale and no debt burden, but it must translate that scale into healthier margins and stronger cash generation to build long-term strength. Improvements in cost discipline, pricing, customer mix, or service mix would be needed to move from barely breakeven to sustainably profitable operations. The broader communications market continues to grow in traffic and complexity, which offers opportunity, but also intensifies competition and the need for ongoing investment. Given the thin financial buffer and limited visibility into cash flows and innovation plans, the forward picture is best viewed as uncertain and highly dependent on execution and clearer, more consistent reporting over time.

CEO
Leandro Jose Iglesias
Compensation Summary
(Year )
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-12-15 | Forward | 1017:1000 |
| 2025-05-02 | Reverse | 1:80 |
ETFs Holding This Stock
Summary
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Ratings Snapshot
Rating : B-
Most Recent Analyst Grades
Grade Summary
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