IQST - iQSTEL Inc. Stock Analysis | Stock Taper
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iQSTEL Inc.

IQST

iQSTEL Inc. NASDAQ
$1.65 -1.50% (-0.03)

Market Cap $4.81 M
52w High $18.68
52w Low $1.48
P/E -0.58
Volume 155.84K
Outstanding Shares 2.95M

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 Q2-2025Q3-2025Q4-2025
Corporate Segment
Corporate Segment
$0 $0 $0
Elimination
Elimination
$-10.00M $-20.00M $-10.00M
Fintech
Fintech
$0 $10.00M $10.00M
Telecom
Telecom
$0 $100.00M $230.00M
U S A
U S A
$40.00M $60.00M $90.00M
United Kingdom
United Kingdom
$40.00M $40.00M $60.00M

Revenue by Geography

Region Q3-2024Q2-2025Q3-2025Q4-2025
Geography Eliminations
Geography Eliminations
$0 $-10.00M $-20.00M $-10.00M
SWITZERLAND
SWITZERLAND
$0 $10.00M $10.00M $0
UNITED KINGDOM
UNITED KINGDOM
$0 $40.00M $40.00M $60.00M
UNITED STATES
UNITED STATES
$0 $40.00M $60.00M $90.00M

Q4 2025 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at iQSTEL Inc.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

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.

! Risks

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.

Outlook

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.