IQSTNasdaqTelephone Communications (No Radiotelephone)US GAAP · USD

iQSTEL Inc

iQSTEL Inc is a U.S.-based technology and communications group organized around multiple subsidiaries across telecommunications, fintech, EV-related services, and AI-enabled metaverse initiatives. Its core business is international voice, SMS, VoIP, IoT connectivity, and fiber-optic carrier services delivered through a global network of interconnections and operating entities in multiple countries.

Liikevaihto317milj. USD
+11,9 %v/v
Liikevoitto (EBIT)−4,3milj. USD
−409,8 %v/v
EBIT-marginaali−1,3%
−1,0 %-yks.v/v
Nettotulos−8,5milj. USD
−42,0 %v/v
Vapaa kassavirta−4,0milj. USD
−28,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1000100200300400milj. USD2020: 45 milj. USD2020: EBIT −3,2 milj. USD20202021: 65 milj. USD2021: EBIT −3,0 milj. USD20212022: 93 milj. USD2022: EBIT −3,2 milj. USD20222023: 145 milj. USD2023: EBIT −0,32 milj. USD20232024: 283 milj. USD2024: EBIT −0,83 milj. USD20242025: 317 milj. USD2025: EBIT −4,3 milj. USD2025317−4,3
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Telecom carrier services70 %

International voice, SMS, routing, and connectivity services sold through carrier networks.

VoIP and enterprise communications10 %

Voice-over-IP and related communications services for business and wholesale customers.

IoT solutions8 %

Connected-device and smart utility products such as IoT smart gas and tank solutions.

Fintech and digital prepaid7 %

GlobeTopper-style digital prepaid and fintech services tied to consumer and merchant use cases.

Software and platform services5 %

Blockchain and portability software, including the MNPA platform and related applications.

Asiakkaat

iQSTEL sells primarily to wholesale telecom counterparties, carriers, and enterprise customers that need international voice, SMS, and connectivity routing. It also serves customers using IoT connectivity, digital prepaid, and fintech-related services, with some offerings aimed at operators and businesses needing software-enabled network functions.

Telecom carriers and wholesalers

Buy international voice, SMS, and routing capacity for cross-border traffic and network completion.

Enterprise communications customers

Use VoIP and fiber connectivity for business communications and network access.

IoT and utility customers

Buy connected-device solutions such as smart gas and smart tank monitoring.

Fintech and prepaid users

Use digital prepaid products and fintech services for payments and value transfer.

Telecom operators and regulators

Use MNPA and portability tools to support in-country number portability requirements.

Strategia

The company’s strategy is to strengthen its telecom division as the operating base for expansion into fintech, cybersecurity, and other adjacent digital services. It also emphasizes subsidiary integration, routing optimization, and cross-selling across its portfolio to improve network efficiency and support new product launches.

Strengthen the telecom divisionLyhyt aikaväli

Telecom is the main revenue engine and funds expansion into newer businesses.

Integrate subsidiaries and routingLyhyt aikaväli

Operational integration can reduce termination costs and improve service delivery.

Develop fintech and software linesKeskipitkä aikaväli

Diversification reduces reliance on telecom and opens higher-value services.

Pursue M&A and portfolio expansionKeskipitkä aikaväli

Acquisitions broaden capabilities and geographic reach.

Maantiede

iQSTEL operates across a broad international footprint, with presence in 20 countries and offices in the United States, Argentina, the UK, Switzerland, Turkey, and Dubai. Its telecom business depends on cross-border routing and interconnection relationships, so geography is central to both service delivery and network economics.

Riskit

iQSTEL is exposed to telecom wholesale pricing pressure, traffic volatility, and dependence on vendor networks for call and SMS termination. Its multi-country structure also creates foreign exchange, regulatory, integration, and financing risk, especially because the holding company carries acquisition-related obligations and the business relies on continued access to capital.

Järjestetty vakavuuden mukaan
Dependence on vendor networks and termination pricingKorkea

Voice and SMS services require third-party network access, so cost changes affect economics.

Kohdistuu: Telecom carrier services

Foreign exchange and multi-jurisdiction regulationKorkea

Revenue and costs span many countries, creating currency and compliance exposure.

Kohdistuu: Global operations

Financing and liquidity dependenceKorkea

Growth plans and acquisitions require external funding and debt service capacity.

Kohdistuu: Holding company and expansion initiatives

Acquisition and integration executionKeskitaso

The business model depends on combining subsidiaries and realizing synergies.

KohdistuuQXTELGlobeTopperSubsidiary portfolio
Customer concentration and wholesale demand volatilityKeskitaso

Carrier and wholesale telecom demand can shift quickly with routing and pricing changes.

Kohdistuu: International voice and SMS

Kirjanpito

Harkinnanvaraiset erät
Telecom revenue recognition

Revenue is driven by usage-based voice and SMS traffic, so timing and cut-off matter.

Vaikutus: Affects quarterly revenue comparability and gross margin

Intercompany eliminations

The group has significant internal transactions across subsidiaries.

Vaikutus: Can materially change consolidated revenue and profitability

Allowance for doubtful accounts

Wholesale telecom customers may pay slowly or default.

Vaikutus: Affects receivables and operating results

Long-lived asset valuation

Acquired and developed assets may require impairment testing.

Vaikutus: Can create non-cash charges

Derivative liabilities and debt settlement

Financing instruments can be marked to fair value or settled at a loss.

Vaikutus: Creates earnings volatility below operating income

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

iQSTEL Inc (IQST) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo