iQSTEL (IQST)
Market Price (7/17/2026): $1.225 | Market Cap: $6.0 MilSector: Communication Services | Industry: Integrated Telecommunication Services
iQSTEL (IQST)
Market Price (7/17/2026): $1.225Market Cap: $6.0 MilSector: Communication ServicesIndustry: Integrated Telecommunication Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 23% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -59% Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, Fintech & Digital Payments, and Electric Vehicles & Autonomous Driving. Themes include Wireless Services, Show more. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.6% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -162% High stock price volatilityVol 12M is 108% Key risksIQST key risks include [1] ongoing profitability challenges with negative operating margins and [2] a thinly traded and highly volatile stock. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 23% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -59% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, Fintech & Digital Payments, and Electric Vehicles & Autonomous Driving. Themes include Wireless Services, Show more. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.6% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -162% |
| High stock price volatilityVol 12M is 108% |
| Key risksIQST key risks include [1] ongoing profitability challenges with negative operating margins and [2] a thinly traded and highly volatile stock. |
Qualitative Assessment
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iQSTEL (IQST) stock has lost about 25% since 3/31/2026 because of the following key factors:
1. Missed Fiscal Q1 2026 Earnings and Persistent Unprofitability.
iQSTEL reported a net loss of $1.403 million for fiscal Q1 2026 (ended March 31, 2026), which was wider than the net loss of $1.158 million in the prior year's comparable quarter. This resulted in an Earnings Per Share (EPS) of -$0.29, significantly missing analysts' consensus estimates of -$0.12 by $0.17. Despite a substantial 70% year-over-year revenue increase to $97.9 million in fiscal Q1 2026, the company's gross profit margin remained thin at 2.69%, indicating high costs of revenue that prevent increased sales from translating into profitability. Analysts also forecast the company to remain unprofitable over the next three years.
2. "Going Concern" Warning and High-Cost Debt.
In its fiscal Q1 2026 report, iQSTEL's management explicitly raised "substantial doubt about the company's ability to continue as a going concern." This warning was attributed to recurring losses, negative working capital, and a continued reliance on external financing. Further highlighting financial strain, the company recorded $351,000 in interest expense during fiscal Q1 2026, much of which stemmed from high-rate borrowings, including 24% promissory notes used to fund acquisitions.
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iQSTEL (IQST) stock has lost about 25% since 3/31/2026 because of the following key factors:
1. Missed Fiscal Q1 2026 Earnings and Persistent Unprofitability.
iQSTEL reported a net loss of $1.403 million for fiscal Q1 2026 (ended March 31, 2026), which was wider than the net loss of $1.158 million in the prior year's comparable quarter. This resulted in an Earnings Per Share (EPS) of -$0.29, significantly missing analysts' consensus estimates of -$0.12 by $0.17. Despite a substantial 70% year-over-year revenue increase to $97.9 million in fiscal Q1 2026, the company's gross profit margin remained thin at 2.69%, indicating high costs of revenue that prevent increased sales from translating into profitability. Analysts also forecast the company to remain unprofitable over the next three years.
2. "Going Concern" Warning and High-Cost Debt.
In its fiscal Q1 2026 report, iQSTEL's management explicitly raised "substantial doubt about the company's ability to continue as a going concern." This warning was attributed to recurring losses, negative working capital, and a continued reliance on external financing. Further highlighting financial strain, the company recorded $351,000 in interest expense during fiscal Q1 2026, much of which stemmed from high-rate borrowings, including 24% promissory notes used to fund acquisitions.
3. Significant Share Dilution.
The number of iQSTEL shares outstanding increased significantly, reaching 5.076 million for the fiscal quarter ended March 31, 2026. This represents a 92.46% increase compared to the same period in the previous year and a rise from 4.668 million in fiscal Q4 2025. Such substantial share dilution can negatively impact the per-share value for existing shareholders.
4. Decreased Investor Sentiment and Increased Short Interest.
Investor confidence in iQSTEL has seemingly declined, as indicated by a recent 45.25% increase in short interest, which suggests a decreasing investor sentiment. This negative outlook persists even with recent positive corporate announcements, such as preliminary first-half 2026 revenue of $207 million (up 59% year-over-year) and strategic plans to surpass a $500 million annual revenue run rate and an $8 million EBITDA run rate following the anticipated Ultranet acquisition. Minimal institutional ownership further reflects this cautious investor approach.
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Stock Movement Drivers
Fundamental Drivers
The -23.3% change in IQST stock from 3/31/2026 to 7/16/2026 was primarily driven by a -24.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312026 | 7162026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.59 | 1.22 | -23.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 332 | 357 | 7.7% |
| P/S Multiple | 0.0 | 0.0 | -6.1% |
| Shares Outstanding (Mil) | 4 | 5 | -24.2% |
| Cumulative Contribution | -23.3% |
Market Drivers
3/31/2026 to 7/16/2026| Return | Correlation | |
|---|---|---|
| IQST | -23.3% | |
| Market (SPY) | 15.4% | 2.0% |
| Sector (XLC) | 1.6% | -7.0% |
Fundamental Drivers
The -58.1% change in IQST stock from 12/31/2025 to 7/16/2026 was primarily driven by a -48.7% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7162026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.91 | 1.22 | -58.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 332 | 357 | 7.7% |
| P/S Multiple | 0.0 | 0.0 | -48.7% |
| Shares Outstanding (Mil) | 4 | 5 | -24.2% |
| Cumulative Contribution | -58.1% |
Market Drivers
12/31/2025 to 7/16/2026| Return | Correlation | |
|---|---|---|
| IQST | -58.1% | |
| Market (SPY) | 10.4% | 13.0% |
| Sector (XLC) | -4.0% | 5.3% |
Fundamental Drivers
The -87.4% change in IQST stock from 6/30/2025 to 7/16/2026 was primarily driven by a -81.1% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7162026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.70 | 1.22 | -87.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 289 | 357 | 23.4% |
| P/S Multiple | 0.1 | 0.0 | -81.1% |
| Shares Outstanding (Mil) | 3 | 5 | -46.1% |
| Cumulative Contribution | -87.4% |
Market Drivers
6/30/2025 to 7/16/2026| Return | Correlation | |
|---|---|---|
| IQST | -87.4% | |
| Market (SPY) | 22.5% | 14.7% |
| Sector (XLC) | 4.8% | 3.6% |
Fundamental Drivers
The 1861.4% change in IQST stock from 6/30/2023 to 7/16/2026 was primarily driven by a 1164.3% change in the company's P/S Multiple.| (LTM values as of) | 6302023 | 7162026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.06 | 1.22 | 1861.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 98 | 357 | 262.8% |
| P/S Multiple | 0.0 | 0.0 | 1164.3% |
| Shares Outstanding (Mil) | 2 | 5 | -57.2% |
| Cumulative Contribution | 1861.4% |
Market Drivers
6/30/2023 to 7/16/2026| Return | Correlation | |
|---|---|---|
| IQST | 1861.4% | |
| Market (SPY) | 75.3% | 0.5% |
| Sector (XLC) | 78.6% | 3.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| IQST Return | 0% | 0% | 0% | 206% | 1428% | -70% | 1317% |
| Peers Return | 84% | -31% | 15% | 10% | 34% | 94% | 317% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| IQST Win Rate | 0% | 0% | 0% | 8% | 8% | 0% | |
| Peers Win Rate | 48% | 37% | 43% | 48% | 50% | 71% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| IQST Max Drawdown | 0% | 0% | 0% | 0% | -78% | -71% | |
| Peers Max Drawdown | -48% | -59% | -45% | -38% | -41% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: IDT, ATNI, GSAT, BAND, TWLO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/16/2026 (YTD)
How Low Can It Go
| Event | IQST | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -36.8% | -18.8% |
| % Gain to Breakeven | 58.3% | 23.1% |
| Time to Breakeven | 4 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.5% | -33.7% |
| % Gain to Breakeven | 37.9% | 50.9% |
| Time to Breakeven | 2 days | 140 days |
In The Past
iQSTEL's stock fell -36.8% during the 2025 US Tariff Shock. Such a loss loss requires a 58.3% gain to breakeven.
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| Event | IQST | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -36.8% | -18.8% |
| % Gain to Breakeven | 58.3% | 23.1% |
| Time to Breakeven | 4 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.5% | -33.7% |
| % Gain to Breakeven | 37.9% | 50.9% |
| Time to Breakeven | 2 days | 140 days |
In The Past
iQSTEL's stock fell -36.8% during the 2025 US Tariff Shock. Such a loss loss requires a 58.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About iQSTEL (IQST)
iQSTEL Inc. (IQST) is a telecommunications and technology company primarily operating through its subsidiary, Etelix.com USA, LLC. The company's foundational business lies in providing essential telecom infrastructure and services, with a strong emphasis on international communication. This includes offering wholesale international long-distance (ILD) voice services to other telecommunications operators and supplying crucial submarine fiber optic network capacity for internet, 4G, and 5G connectivity.
Expanding beyond traditional voice and data transport, iQSTEL offers a comprehensive suite of modern technology solutions. These services encompass Voice over IP (VoIP) connectivity, Short Message Service (SMS) and international/domestic SMS termination, and infrastructure connectivity. Additionally, the company provides Cloud-PBX solutions, OmniChannel marketing tools, Internet of Things (IoT) services, and various blockchain and payment solutions, catering to evolving digital needs.
iQSTEL serves a broad and diverse client base across key geographic markets including North America, Latin America, and Europe. Its primary customers range from large wholesale carriers and government entities to corporate enterprises and small and medium-sized companies, all seeking reliable communication and advanced technology services to power their operations.
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Here are a few analogies to describe iQSTEL:
- It's like a specialized, international version of Verizon Business or AT&T Business, providing other companies with a comprehensive suite of telecom, cloud, IoT, and payment solutions.
- Imagine a global, wholesale-focused Zayo Group, but also offering robust voice, messaging, and emerging technology services like IoT and blockchain solutions.
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- ILD Wholesale Voice Services: Provides international long-distance voice services to telecommunications operators.
- Submarine Fiber Optic Network Capacity: Offers capacity on submarine fiber optic networks for internet services, including 4G and 5G.
- VoIP Connectivity: Delivers Voice over IP connectivity solutions.
- SMS Services: Provides short message service (SMS) and international/domestic SMS termination services.
- Infrastructure Connectivity: Offers various infrastructure connectivity solutions.
- Cloud-PBX Solutions: Delivers Cloud-PBX services for business communication.
- OmniChannel Marketing: Provides integrated OmniChannel marketing solutions.
- IoT Services: Offers various Internet of Things services.
- Blockchain & Payment Solutions: Develops and provides blockchain and payment solutions.
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- Wholesale carriers (telecommunications operators)
- Government entities
- Corporate clients
- Enterprise businesses
- Small and medium companies
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Leandro Jose Iglesias, President & CEO
Leandro Jose Iglesias was appointed CEO in June 2018 and is a Co-Founder of iQSTEL. He brings 27 years of experience in the international telecom industry, holding a background in electronics engineering and international business. Prior to iQSTEL, he served as the international manager for the Venezuelan telecom carrier CANTV from 2003 to 2008, leveraging this experience to foster iQSTEL's growth. He is a dual Venezuelan and Spanish citizen.
Alvaro Quintana Cardona, Secretary of The Board & CFO
Alvaro Quintana Cardona is the Secretary of the Board and Chief Financial Officer, and a Co-Founder of iQSTEL. He has a longstanding professional relationship with CEO Leandro Iglesias, having worked together as telecom executives in Venezuela, where Mr. Quintana was with the cellular telecom company Digitel. He joined Mr. Iglesias at Etelix, a privately held company at the time, in 2013. Mr. Cardona is responsible for iQSTEL's strategic financial leadership, navigating regulatory landscapes, and optimizing fiscal performance, emphasizing the importance of a strong balance sheet for future acquisitions.
Eykis Sambrano, VP Technology, COO Global SMS
Eykis Sambrano is a Co-Founder of IQSTEL and serves as the VP Technology and COO Global SMS, as well as Corporate CTO.
Sara Iglesias, VP Compliance
Sara Iglesias is a Co-Founder of IQSTEL and holds the titles of VP Compliance, Corporate Planning VP, and COO of the EV Division.
Juan Carlos López, CEO Etelix/SwissLink
Juan Carlos López is a Co-Founder of iQSTEL and is the CEO of Etelix and SwissLink, both subsidiaries of iQSTEL.
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The key risks to iQSTEL (IQST) include:
-
Declining Demand for Traditional Wholesale Voice and SMS Services: A significant portion of iQSTEL's business involves international long-distance voice services (ILD wholesale) and SMS termination services. The increasing prevalence of over-the-top (OTT) communication applications (e.g., WhatsApp, Signal) that offer free or low-cost voice and messaging services poses a substantial threat by reducing demand and putting pressure on pricing and margins for traditional wholesale telecom services.
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Intense Competition and Pricing Pressure: iQSTEL operates in highly competitive markets across all its segments, including wholesale telecommunications, submarine fiber optic network capacity, Voice over IP (VoIP), SMS, Cloud-PBX, Internet of Things (IoT), and blockchain and payment solutions. The presence of numerous established players and new entrants leads to aggressive pricing, commoditization of services, and potential erosion of market share and profitability.
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Rapid Technological Change and Obsolescence: The telecommunications and technology industries are characterized by rapid innovation and evolving standards. iQSTEL's diverse offerings in areas like 4G/5G, IoT, Cloud-PBX, and blockchain require continuous investment in research and development and adaptation to new technologies. Failure to keep pace with technological advancements or adapt to changing industry standards could render its services and solutions less competitive or obsolete.
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iQSTEL (symbol: IQST) operates in several addressable markets related to telecommunications and technology solutions across North America, Latin America, and Europe. The estimated sizes of these markets are as follows:
- International Long-Distance (ILD) Wholesale Voice Services: The global International Wholesale Voice Carrier Market was valued at over USD 49.08 billion in 2025 and is projected to exceed USD 169.58 billion by 2035, demonstrating a compound annual growth rate (CAGR) of over 13.2% from 2026 to 2035. Another estimate places the global wholesale voice carrier market size at USD 44.53 billion in 2026, growing to USD 73.63 billion by 2031 with a 10.58% CAGR.
- Submarine Fiber Optic Network Capacity: The global submarine wires and cables market size, which includes fiber optic cables, was valued at USD 15.83 billion in 2025. This market is projected to grow to USD 27.46 billion by 2034, exhibiting a CAGR of 6.18% during the forecast period.
- Voice over IP (VoIP) Connectivity: The global Voice over Internet Protocol (VoIP) market size was valued at USD 161.79 billion in 2025 and is predicted to increase to approximately USD 453.75 billion by 2035, expanding at a CAGR of 10.86% from 2026 to 2035. North America held the largest share in the VoIP market in 2025.
- Short Message Service (SMS) and International/Domestic SMS Termination Services (A2P SMS): The global A2P SMS Market size was valued at USD 90.71 billion in 2025 and is projected to reach USD 139.21 billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033. Asia Pacific led the A2P SMS market in 2024.
- Cloud-PBX: As a component of VoIP services, the hosted IP PBX segment is expected to grow at the fastest rate within the VoIP market, projected to dominate with a 37.33% share in 2026. Another source indicates that hosted and cloud PBX accounted for 52.3% of the VoIP services market revenue in 2024 and is forecast to expand at a 12.8% CAGR through 2030.
- OmniChannel Marketing: The global Omni-channel Retail Solutions Market was valued at USD 8.28 billion in 2024 and is expected to grow to USD 25.76 billion by 2034, with a CAGR of 12.03% during the forecast period (2025-2034). North America held the largest market share in 2024.
- Internet of Things (IoT) Services: The global IoT solutions and services market size is valued at USD 369.34 billion in 2025 and is predicted to increase to approximately USD 1,490.99 billion by 2035, expanding at a CAGR of 14.98% from 2026 to 2035. North America dominated the IoT solutions and services market in 2025.
- Blockchain and Payment Solutions: The global FinTech blockchain market size was valued at USD 8.12 billion in 2025 and is projected to grow to USD 18.34 billion by 2034, exhibiting a CAGR of 9.47% during the forecast period (2026-2034). Separately, the global Blockchain in Banking and Financial Services market size is projected to reach USD 10,852.4 million by the end of 2025, and USD 216,576 million (USD 216.58 billion) by 2033. North America held approximately 39.35% of the blockchain in banking and financial services market share in 2025.
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iQSTEL Inc. (IQST) is expected to drive future revenue growth over the next 2-3 years through several key strategic initiatives:
- Expansion into higher-margin Artificial Intelligence (AI) and Cybersecurity Services: iQSTEL is actively expanding its offerings in AI-enabled telecom solutions and cybersecurity services, leveraging its existing telecom customer relationships to introduce these high-margin technology products. These initiatives are projected to generate significant annual revenue by 2027 and improve the company's margin profile and earnings quality.
- Strategic, EBITDA-Accretive Acquisitions: The company plans to pursue targeted acquisitions that are designed to accelerate revenue growth beyond $500 million, while also expanding its geographic footprint and technology capabilities. iQSTEL intends to raise approximately $20 million to fund these strategic acquisitions, among other growth initiatives.
- Organic Growth and Geographic Expansion of Core Telecom and Fintech Services: iQSTEL anticipates continued organic expansion across its Telecom and Fintech divisions, which are integral to its projected revenue forecasts. The company also aims to expand its telecom licenses and commercial footprint to nearly 30 countries. Fintech services currently represent approximately 20% of the company's total revenue.
- Consolidation of Minority Ownership in Key Subsidiaries: iQSTEL is focused on acquiring 100% ownership of several strategic telecom subsidiaries. This consolidation effort is expected to increase attributable EBITDA and enhance organic growth within the company.
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Share Issuance
- iQSTEL's 3-Year Share Buyback Ratio was negative as of September 2025, indicating potential share issuance rather than repurchases.
- In October 2025, the company increased its authorized common stock from 3,750,000 shares to 26,000,000 shares through an amendment to its Articles of Incorporation.
- In December 2025, iQSTEL distributed a $500,000 share-based dividend, equivalent to 75,529 free-trading common shares.
Inbound Investments
- In December 2021, iQSTEL was in negotiations for a strategic investment exceeding $50 million, though the finalization of this agreement was not guaranteed.
- In October 2024, iQSTEL secured a 12-month extension on convertible notes totaling approximately $3.55 million with M2B Funding Corp.
- By October 2025, iQSTEL announced it had eliminated all convertible notes from its balance sheet, signifying the repayment or conversion of previous debt.
Outbound Investments
- iQSTEL has a strategic acquisition plan and has completed 11 acquisitions since June 2018, maintaining an active pipeline for future acquisitions.
- In April 2024, iQSTEL completed the acquisition of 51% of QXTEL LTD., which was expected to add an estimated $20 million in quarterly revenue. The company finalized full payment for QXTEL by October 2025.
- In November 2024, the company announced an agreement to acquire the remaining 49% of SwissLink Carrier AG for $750,000, structured over five years with payment in common shares. The GlobeTopper acquisition was also completed, forecasting $34 million in revenue for the second half of 2025, with full payment finalized by October 2025.
Capital Expenditures
- As of March 2026, iQSTEL's financial reports indicated capital expenditures of $152,000, which consumed most of its operating cash flow of -$2.9 million, leaving -$3.1 million in free cash flow, reflecting heavy capital investment.
- The company plans for future investments in fiber-optic networks, cell towers, data centers, and satellite systems to support its goal of reaching $1 billion in revenue by 2027.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| iQSTEL Earnings Notes | 12/16/2025 | |
| null | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 66.25 |
| Mkt Cap | 1.9 |
| Rev LTM | 760 |
| Op Inc LTM | 38 |
| FCF LTM | 62 |
| FCF 3Y Avg | 60 |
| CFO LTM | 115 |
| CFO 3Y Avg | 110 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.2% |
| Rev Chg 3Y Avg | 10.6% |
| Rev Chg Q | 18.3% |
| QoQ Delta Rev Chg LTM | 4.1% |
| Op Inc Chg LTM | 43.2% |
| Op Inc Chg 3Y Avg | 37.9% |
| Op Mgn LTM | 6.0% |
| Op Mgn 3Y Avg | 0.6% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 15.2% |
| CFO/Rev 3Y Avg | 13.6% |
| FCF/Rev LTM | 7.0% |
| FCF/Rev 3Y Avg | 6.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Telecom | 331 | 306 | |||
| Fintech | 28 | ||||
| Corporate | 0 | 0 | |||
| Elimination | -42 | -23 | |||
| Short Messages (SMS) services | 77 | 54 | |||
| Voice services | 68 | 40 | |||
| Telecommunication services | 65 | ||||
| Total | 317 | 283 | 145 | 93 | 65 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Telecom | 2 | 2 |
| Fintech | 0 | |
| Elimination | -0 | -0 |
| Corporate | -6 | -3 |
| Total | -4 | -1 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Telecom | 2 | 2 |
| Fintech | 0 | |
| Elimination | -1 | -1 |
| Corporate | -10 | -7 |
| Total | -9 | -5 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Telecom | 43 | 84 |
| Corporate | 24 | 24 |
| Fintech | 1 | |
| Elimination | -18 | -29 |
| Total | 51 | 79 |
Price Behavior
| Market Price | $1.22 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 08/29/2018 | |
| Distance from 52W High | -87.8% | |
| 50 Days | 200 Days | |
| DMA Price | $2.73 | $9.59 |
| DMA Trend | down | down |
| Distance from DMA | -55.3% | -87.3% |
| 3M | 1YR | |
| Volatility | 157.9% | 108.2% |
| Downside Capture | 29.86 | 277.97 |
| Upside Capture | -107.82 | -22.93 |
| Correlation (SPY) | 0.5% | 17.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.66 | 0.50 | 1.00 | 1.67 | 1.51 | 0.85 |
| Up Beta | -6.11 | -3.59 | -0.32 | 1.02 | 0.68 | -17.11 |
| Down Beta | -0.61 | 0.27 | -0.68 | 1.10 | 2.16 | 0.36 |
| Up Capture | 276% | 57% | 79% | 57% | -2% | 1132% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 16 | 25 | 48 | 101 | 113 |
| Down Capture | 226% | 230% | 321% | 237% | 184% | 100% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 12 | 24 | 37 | 74 | 147 | 167 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IQST | |
|---|---|---|---|---|
| IQST | -87.1% | 108.0% | -1.42 | - |
| Sector ETF (XLC) | 7.4% | 13.9% | 0.28 | 3.9% |
| Equity (SPY) | 21.8% | 12.6% | 1.29 | 14.7% |
| Gold (GLD) | 19.1% | 28.0% | 0.61 | 4.4% |
| Commodities (DBC) | 27.9% | 18.9% | 1.16 | 5.0% |
| Real Estate (VNQ) | 16.9% | 14.0% | 0.88 | 15.2% |
| Bitcoin (BTCUSD) | -45.3% | 42.8% | -1.29 | 8.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IQST | |
|---|---|---|---|---|
| IQST | -38.0% | 110.6% | -1.38 | - |
| Sector ETF (XLC) | 7.9% | 20.8% | 0.29 | 5.5% |
| Equity (SPY) | 13.2% | 17.1% | 0.60 | 13.7% |
| Gold (GLD) | 16.7% | 18.4% | 0.73 | 5.3% |
| Commodities (DBC) | 8.5% | 19.5% | 0.33 | 6.8% |
| Real Estate (VNQ) | 3.2% | 18.9% | 0.07 | 12.3% |
| Bitcoin (BTCUSD) | 14.5% | 53.5% | 0.45 | 8.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with IQST | |
|---|---|---|---|---|
| IQST | -22.1% | 313.9% | 0.48 | - |
| Sector ETF (XLC) | 9.3% | 22.1% | 0.48 | -2.9% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | -5.5% |
| Gold (GLD) | 10.9% | 16.1% | 0.55 | 3.7% |
| Commodities (DBC) | 6.5% | 18.0% | 0.28 | -1.6% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.22 | -3.2% |
| Bitcoin (BTCUSD) | 57.8% | 66.2% | 0.98 | 1.9% |
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Earnings Returns History
Updated 7/16/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/10/2026 | -3.3% | -11.0% | -26.0% |
| 11/17/2025 | -4.4% | -6.7% | -33.7% |
| 9/19/2025 | 0.5% | 2.7% | 2.5% |
| 6/25/2025 | -3.0% | 1.0% | -11.4% |
| 5/8/2025 | 0.0% | 6,564.0% | 6,241.2% |
| 1/21/2025 | 0.0% | 0.0% | 0.0% |
| 9/12/2024 | 0.0% | 0.0% | 0.0% |
| 6/5/2024 | 0.0% | 0.0% | 0.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 23 | 24 | 23 |
| # Negative | 3 | 2 | 3 |
| Median Positive | 0.0% | 0.0% | 0.0% |
| Median Negative | -3.3% | -8.9% | -26.0% |
| Max Positive | 0.5% | 6,564.0% | 6,241.2% |
| Max Negative | -4.4% | -11.0% | -33.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/10/2026 | -3.3% | -11.0% | -26.0% |
| 11/17/2025 | -4.4% | -6.7% | -33.7% |
| 9/19/2025 | 0.5% | 2.7% | 2.5% |
| 6/25/2025 | -3.0% | 1.0% | -11.4% |
| 5/8/2025 | 0.0% | 6,564.0% | 6,241.2% |
| 1/21/2025 | 0.0% | 0.0% | 0.0% |
| 9/12/2024 | 0.0% | 0.0% | 0.0% |
| 6/5/2024 | 0.0% | 0.0% | 0.0% |
| 4/12/2024 | 0.0% | 0.0% | 0.0% |
| 2/6/2024 | 0.0% | 0.0% | 0.0% |
| 9/13/2023 | 0.0% | 0.0% | 0.0% |
| 7/19/2023 | 0.0% | 0.0% | 0.0% |
| 4/20/2023 | 0.0% | 0.0% | 0.0% |
| 1/24/2023 | 0.0% | 0.0% | 0.0% |
| 11/16/2022 | 0.0% | 0.0% | 0.0% |
| 5/13/2022 | 0.0% | 0.0% | 0.0% |
| 2/25/2022 | 0.0% | 0.0% | 0.0% |
| 1/7/2022 | 0.0% | 0.0% | 0.0% |
| 11/16/2021 | 0.0% | 0.0% | 0.0% |
| 8/27/2021 | 0.0% | 0.0% | 0.0% |
| 6/23/2021 | 0.0% | 0.0% | 0.0% |
| 4/20/2021 | 0.0% | 0.0% | 0.0% |
| 1/22/2021 | 0.0% | 0.0% | 0.0% |
| 11/17/2020 | 0.0% | 0.0% | 0.0% |
| 8/19/2020 | 0.0% | 0.0% | 0.0% |
| 7/1/2020 | 0.0% | 0.0% | 0.0% |
| SUMMARY STATS | |||
| # Positive | 23 | 24 | 23 |
| # Negative | 3 | 2 | 3 |
| Median Positive | 0.0% | 0.0% | 0.0% |
| Median Negative | -3.3% | -8.9% | -26.0% |
| Max Positive | 0.5% | 6,564.0% | 6,241.2% |
| Max Negative | -4.4% | -11.0% | -33.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/20/2026 | 10-Q |
| 12/31/2025 | 04/06/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 04/14/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/20/2026 | 10-Q |
| 12/31/2025 | 04/06/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 04/14/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 04/15/2022 | 10-K |
| 09/30/2021 | 11/15/2021 | 10-Q |
| 06/30/2021 | 08/16/2021 | 10-Q |
| 03/31/2021 | 05/14/2021 | 10-Q |
| 12/31/2020 | 04/15/2021 | 10-K |
| 09/30/2020 | 11/13/2020 | 10-Q |
| 06/30/2020 | 08/13/2020 | 10-Q |
| 03/31/2020 | 06/29/2020 | 10-Q |
| 12/31/2019 | 04/15/2020 | 10-K |
| 09/30/2019 | 11/19/2019 | 10-Q |
| 06/30/2019 | 08/13/2019 | 10-Q |
Recent Forward Guidance
Updated 7/16/2026Latest: Q2 2026 Earnings Reported 7/16/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Annual Revenue Run Rate | 560.00 Mil | ||||||
| 2026 Adjusted EBITDA Run Rate | 9.00 Mil | ||||||
| 2026 Revenue | 130.00 Mil | ||||||
| 2026 Net Income | 4.50 Mil | ||||||
| 2026 Total Assets | 21.00 Mil | ||||||
| 2026 Shareholders' Equity | 13.00 Mil | ||||||
| 2026 Adjusted EBITDA | 6.00 Mil | ||||||
Prior: Q4 2025 Earnings Reported 4/10/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2028 Revenue | 1.00 Bil | ||||||
Q3 2025 Earnings Reported 11/17/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | 340.00 Mil | 0 | Affirmed | Guidance: 340.00 Mil for 2025 | |||
| 2026 Revenue | 430.00 Mil | ||||||
| 2026 Revenue Growth | 26.0% | ||||||
| 2026 EBITDA | 15.00 Mil | 0 | Affirmed | Guidance: 15.00 Mil for 2026 | |||
iQSTEL — Investor Video Playlist
Industry Resources
| Communication Services Resources |
| Variety |
| The Hollywood Reporter |
| Adweek |
| Integrated Telecommunication Services Resources |
| Fierce Telecom |
| Telecoms.com |
| Light Reading |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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