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Friday 6 November 2026
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iQSTEL Inc.
IQST Communication Services Telecom Services
iQSTEL Inc.’s revenue for fiscal 2025 (year ended December 2025) was $316.9 million, up 11.9% from fiscal 2024.
- Revenue
- +51.1%
- EPS
- +53.7%
- Free cash flow
- −805.5%
- Total debt
- −45.6%
Quarter to June 2026, against a year earlier
0.79
0.03
−3.66%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 45 | 65 | 93 | 145 | 283 | 317 | 394 | +47.8% | 462 | 553 | 721 | +31.5% | |
| Gross margin, % | — | — | — | — | 2.14 | 2.37 | 1.92 | 3.23 | 2.92 | 2.98 | 2.66 | +0.8 pt | ||||||
| EBT | — | — | — | — | (7) | (4) | (6) | 0 | (5) | (8) | (9) | +4.6% | ||||||
| EBT margin, % | — | — | — | — | (14.92) | (5.97) | (6.29) | (0.15) | (1.69) | (2.65) | (2.21) | +12.3 pt | ||||||
| Net income | — | — | — | — | (7) | (4) | (6) | 0 | (5) | (9) | (9) | +4.9% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.70 | 0.48 | 0.61 | 0.86 | 122.39 | 91.80 | 56.81 | +165.0% | |||||
| Earnings | — | — | — | — | (0.10) | (0.03) | (0.04) | 0.00 | (2.86) | (2.86) | (2.18) | +93.7% | ||||||
| Cash flow | — | — | — | — | (0.03) | (0.02) | (0.01) | (0.01) | (1.27) | (1.11) | (0.56) | +102.0% | ||||||
| Capex | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | (0.07) | (0.03) | 0.00 | +87.8% | ||||||
| Free cash flow | — | — | — | — | (0.03) | (0.02) | (0.01) | (0.01) | (1.33) | (1.15) | (0.56) | +101.5% | ||||||
| Book value | — | — | — | — | (0.04) | 0.05 | 0.04 | 0.05 | 5.14 | 4.72 | 2.48 | n/m | ||||||
| Shares, m | — | — | — | — | 64 | 135 | 152 | 167 | 2 | 3 | 5 | (44.2%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | 22.75 | 155.72 | 24.89 | 15.20 | 0.20 | 0.03 | 0.01 | 36.5 | ||||||
| P/B | — | — | — | — | 0.00 | 1,569.14 | 397.62 | 272.99 | 4.67 | 0.62 | 0.32 | 374.2 | ||||||
| EV/Sales | — | — | — | — | 22.82 | 155.68 | 24.89 | 15.19 | 0.21 | 0.04 | 0.02 | 36.5 | ||||||
| EV/FCF | — | — | — | — | (464.41) | (3,047.32) | (1,235.55) | (1,113.81) | (17.68) | (2.86) | (1.45) | (980.3) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (2) | (3) | (2) | (1) | (3) | (4) | (4) | +12.7% | |||||
| Capex | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +4.6% | ||||||
| Free cash flow | — | — | — | — | (2) | (3) | (2) | (2) | (3) | (4) | (4) | +12.4% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (4) | 4 | 0 | 2 | (1) | 2 | 3 | n/m | |||||
| Net debt | — | — | — | — | 3 | (3) | (1) | (1) | 4 | 2 | 1 | (7.0%) | ||||||
| Shareholders’ equity | — | — | — | — | (2) | 6 | 6 | 8 | 12 | 16 | 17 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | (51.13) | (55.23) | (9.10) | (13.09) | (15.16) | (20.80) | (15.2) pt | |||||
| ROIC | — | — | — | — | (391.78) | (49.60) | (40.34) | (2.70) | (3.35) | (14.52) | (17.90) | +377.3 pt | ||||||
| ROE | — | — | — | — | 0.00 | (190.66) | (97.38) | (22.76) | (66.37) | (69.97) | (65.83) | (70.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 49 | 56 | 70 | 100 | 100 | — | +19.5% | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 1.32 | 1.66 | 2.06 | 2.83 | 3.17 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
iQSTEL Inc. vs peers in Telecom Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PCLA PicoCELA Inc. | $57.7M | — | — | — | — | +33.38% (above 0%: growing) | — | — | Compare |
| CABO Cable One, Inc. | $29.3M | — (loss-making) | — (loss-making) | −11.66% (below 0%: shrinking) | n/m | +8.48% (above 0%: growing) | 0.00% | (103.25%) | Compare |
| ELWT Elauwit Connection, Inc. | $24.6M | — (loss-making) | — (loss-making) | −46.38% (below 0%: shrinking) | n/m | −3,204.65% (below 0%: shrinking) | 15.51% | (108.54%) | Compare |
| FNGR FingerMotion, Inc. | $9.8M | — (loss-making) | — (loss-making) | −96.75% (below 0%: shrinking) | n/m | +39.18% (above 0%: growing) | 48.56% | (1,966.81%) | Compare |
| IOTR iOThree Limited | $9.6M | — | — | — | — | — | — | — | Compare |
| SURG SurgePays, Inc. | $8.6M | — (loss-making) | — (loss-making) | +40.69% (above 0%: growing) | n/m | +57.02% (above 0%: growing) | (2.62%) | 21.30% | Compare |
| IQST iQSTEL Inc. | $8.4M | — (loss-making) | — (loss-making) | +51.10% (above 0%: growing) | n/m | −805.48% (below 0%: shrinking) | 2.52% | (1.03%) | |
| NIXX Nixxy, Inc. | $5.9M | — (loss-making) | — (loss-making) | +20.41% (above 0%: growing) | n/m | +17.55% (above 0%: growing) | 0.25% | (10.07%) | Compare |
| UCL uCloudlink Group Inc. Sponsored ADR | $5.6M | — (loss-making) | — (loss-making) | −5.89% (below 0%: shrinking) | n/m | −244.47% (below 0%: shrinking) | 50.24% | (15.87%) | Compare |
| Median of peers | $9.7M | — | — | −8.77% | — | +17.55% | 7.88% | (59.56%) |
Pay and ownership Proxy statement filed 23 December 2025
Ownership
Directors and executive officers, together
0.99%
Leandro Iglesias
70.00%
Alvaro Quintana Cardona
30.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement