iQSTEL Inc IQST
consolidated company) is a technology company with operations in 20 countries (Argentina, Armenia, Austria, Canada, Colombia, Germany,
Greece, Guatemala, India, Italy, Pakistan, Romania, Serbia, Spain, Switzerland, Turkey, UAE, UK, USA and Venezuela) and over 100 employees
that offers leading-edge services through its subsidiaries in the telecommunications, fintech, and AI-enhanced industries. Our global
presence includes offices in USA, Argentina, UK, Switzerland, Turkey, and Dubai, and we target diverse and high-growth markets. We maintain
Last close
0.91
2026-10-23
Market cap
$9.9M
2026-06-30 share count
52-week range
0.86 - 6.28
Valuation FY2025 figures against the last close
P/S0.0x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-2.86
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $316.9M | $283.2M | $144.5M | $93.2M | $64.7M | $64.7M | $18.0M | $13.8M | $7.5M | $0 |
| Cost of revenue | $307.4M | $274.9M | $139.8M | $91.4M | $63.2M | $63.2M | $17.3M | $12.6M | $6.9M | $0 |
| Gross profit | $9.5M | $8.3M | $4.7M | $1.8M | $1.5M | $1.5M | $780.9K | $1.2M | $618.0K | $0 |
| SG&A | $11.5M | $9.1M | $5.0M | $5.0M | $4.5M | $4.5M | $1.4M | $1.2M | $692.1K | — |
| Total operating expenses | $13.7M | $9.1M | $5.0M | $5.0M | $4.5M | $4.5M | $1.4M | $1.2M | $692.1K | $174.9K |
| Operating income | -$4.3M | -$834.1K | -$315.5K | -$3.2M | -$3.0M | -$3.0M | -$668.7K | -$27.9K | -$74.0K | $245.0K |
| Interest expense | — | — | — | — | — | $3.5M | $2.7M | $460.2K | $120.3K | $26.0K |
| Pre-tax income | -$8.4M | -$4.8M | -$219.4K | -$5.9M | -$3.9M | -$3.9M | -$5.4M | -$2.1M | -$355.7K | -$245.0K |
| Income tax | $121.7K | $394.0K | — | — | — | $152 | $0 | $0 | $0 | $0 |
| Net income | -$8.5M | -$5.2M | -$763.3K | -$6.0M | -$3.8M | -$3.8M | -$5.5M | -$2.1M | -$355.7K | -$245.0K |
| EPS, diluted | -2.86 | -2.86 | -0.01 | -0.04 | -0.03 | -0.03 | -0.35 | -0.15 | -0.03 | 0.00 |
| Shares, diluted (wtd. avg.) | — | — | — | 151.9M | — | 135.4M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.2M | $2.5M | $1.4M | $1.3M | $3.3M | $3.3M | $753.3K | $4.6K | $23.3K | $17.9K |
| Receivables | $30.3M | $57.2M | $12.5M | $4.2M | $2.5M | $2.5M | $2.8M | $1.8M | $1.1M | $0 |
| Inventory | $30.7K | $30.7K | $27.1K | $26.1K | — | — | — | — | $0 | $9.2K |
| Total current assets | $36.2M | $63.0M | $15.7M | $6.4M | $6.6M | $3.6M | $3.4M | $2.1M | $1.3M | $36.8K |
| Property, plant and equipment | $615.0K | $561.8K | $523.0K | $401.0K | $409.4K | $350.5K | — | — | — | — |
| Goodwill | $5.8M | $6.8M | $5.2M | $5.2M | $1.5M | $1.5M | $81.8K | $0 | — | — |
| Other intangibles | $7.0M | $7.4M | $99.6K | $99.6K | $99.6K | $21.9K | $0 | — | — | — |
| Total assets | $51.1M | $79.0M | $22.2M | $12.5M | $9.1M | $6.0M | $5.6M | $2.4M | $1.6M | $36.8K |
| Accounts payable | $9.2M | $2.1M | $3.0M | $2.3M | $1.5M | $2.7M | $2.3M | $1.4M | $748.5K | $46.6K |
| Short-term debt | $4.0M | $2.5M | $265.0K | $94.3K | $315.4K | $1.3M | $89.7K | $194.6K | $228.0K | — |
| Total current liabilities | $34.6M | $63.8M | $13.8M | $6.5M | $2.4M | $7.9M | $11.1M | $4.0M | $1.2M | — |
| Long-term debt | $31.3K | $2.5M | $99.1K | $108.2K | $119.3K | $270.8K | $178.0K | $0 | $0 | — |
| Total liabilities | $34.8M | $67.1M | $14.1M | $6.7M | $2.6M | $8.3M | $11.4M | $4.0M | $1.4M | $210.4K |
| Retained earnings | -$43.3M | -$32.7M | -$26.1M | -$24.5M | -$18.5M | -$14.7M | -$8.1M | -$2.7M | -$563.2K | -$309.7K |
| Total equity | $16.3M | $11.9M | $8.0M | $6.8M | $7.4M | -$1.4M | -$4.9M | -$1.6M | $185.3K | $541.0K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.8M | -$2.9M | -$1.5M | -$1.8M | -$3.2M | -$3.2M | -$1.2M | -$356.6K | -$267.8K | -$145.5K |
| Depreciation and amortisation | $627.7K | $499.5K | $128.7K | $120.1K | $91.5K | $91.5K | $41.7K | $20.4K | $52.3K | — |
| Stock-based compensation | $305.0K | $223.2K | $42.9K | $126.5K | $1.3M | $1.3M | — | — | — | — |
| Capital expenditure | $113.0K | $151.6K | $220.0K | $112.1K | $153.2K | $153.2K | $32.0K | $426 | $0 | — |
| Investing cash flow | -$239.7K | -$3.2M | -$332.6K | -$2.0M | -$511.3K | -$511.3K | $152.1K | -$426 | $0 | — |
| Financing cash flow | $3.7M | $7.2M | $1.8M | $1.8M | $6.3M | $6.3M | $1.4M | $338.3K | $273.2K | $169.3K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001663577-26-000112.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $7.5M | $13.8M | $18.0M | $64.7M | $64.7M | $93.2M | $144.5M | $283.2M | $316.9M |
| Gross profit | $0 | $618.0K | $1.2M | $780.9K | $1.5M | $1.5M | $1.8M | $4.7M | $8.3M | $9.5M |
| Net income | -$245.0K | -$355.7K | -$2.1M | -$5.5M | -$3.8M | -$3.8M | -$6.0M | -$763.3K | -$5.2M | -$8.5M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event Item 8.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event Item 8.01
- Material agreement signed Item 1.01
- Other event Item 8.01
- Material agreement signed Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 4813
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| T | AT&T INC. | $143.42B | 6.9x | 2.7% |
| LUMN | Lumen Technologies, Inc. | $4.71B | — | -6.6% |
| TDS | TELEPHONE & DATA SYSTEMS INC /DE/ | $4.05B | — | -9.0% |
| IDT | IDT CORP | $2.05B | 27.4x | 2.1% |
| ATEX | Anterix Inc. | $1.47B | 15.5x | 7.8% |
| UNIT | Uniti Group Inc. | $1.23B | 1.0x | 91.5% |
| SHEN | SHENANDOAH TELECOMMUNICATIONS CO/VA/ | $572.6M | — | 9.1% |