Saturday 17 October 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. In the quarter to June 2026, revenue grew 51.1%, EPS grew 53.7%, free cash flow fell 805.5% and total debt fell 45.6%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
0.91
0.01
−1.09%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | 39.33 | 2.52 | 2.36 | 11.80 | 12.11 | 6.45 | 11.17 | 2.81 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | 377.58 | 275.32 | 40.67 | 157.33 | 81.02 | 26.35 | 31.07 | 32.17 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | 49 | 56 | 70 | 100 | 100 | ||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 1.32 | 1.66 | 2.06 | 2.83 | 3.17 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | 45 | 65 | 93 | 145 | 283 | 317 | ||||
| Gross margin, % | — | — | — | — | 2.14 | 2.37 | 1.92 | 3.23 | 2.92 | 2.98 | |||||
| EBT | — | — | — | — | (7) | (4) | (6) | 0 | (5) | (8) | |||||
| EBT margin, % | — | — | — | — | (14.92) | (5.97) | (6.29) | (0.15) | (1.69) | (2.65) | |||||
| Net income | — | — | — | — | (7) | (4) | (6) | 0 | (5) | (9) | |||||
| Depreciation | — | — | — | — | 2 | 1 | 0 | 0 | 2 | 1 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.70 | 0.48 | 0.61 | 0.86 | 122.39 | 91.80 | ||||
| Earnings | — | — | — | — | (0.10) | (0.03) | (0.04) | 0.00 | (2.24) | (2.86) | |||||
| Cash flow | — | — | — | — | (0.03) | (0.02) | (0.01) | (0.01) | (1.27) | (1.11) | |||||
| Capex | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | (0.07) | (0.03) | |||||
| Free cash flow | — | — | — | — | (0.03) | (0.02) | (0.01) | (0.01) | (1.33) | (1.15) | |||||
| Book value | — | — | — | — | (0.04) | 0.05 | 0.04 | 0.05 | 5.14 | 4.72 | |||||
| Shares, m | — | — | — | — | 64 | 135 | 152 | 167 | 2 | 3 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | 22.40 | 153.08 | 24.47 | 14.93 | 0.19 | 0.03 | |||||
| P/B | — | — | — | — | 0.00 | 1,542.57 | 390.85 | 268.21 | 4.59 | 0.62 | |||||
| EV/Sales | — | — | — | — | 22.46 | 153.04 | 24.46 | 14.93 | 0.21 | 0.04 | |||||
| EV/FCF | — | — | — | — | (457.17) | (2,995.71) | (1,214.52) | (1,094.30) | (17.40) | (2.86) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (2) | (3) | (2) | (1) | (3) | (4) | ||||
| Capex | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Free cash flow | — | — | — | — | (2) | (3) | (2) | (2) | (3) | (4) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (4) | 4 | 0 | 2 | (1) | 2 | ||||
| Total debt | — | — | — | — | 4 | 1 | 0 | 1 | 6 | 4 | |||||
| Net debt | — | — | — | — | 3 | (3) | (1) | (1) | 4 | 2 | |||||
| Shareholders’ equity | — | — | — | — | (2) | 6 | 6 | 8 | 12 | 16 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | (51.13) | (55.23) | (9.10) | (13.09) | (15.16) | ||||
| ROIC | — | — | — | — | (391.78) | (49.60) | (40.34) | (2.70) | (3.35) | (14.52) | |||||
| ROE | — | — | — | — | 0.00 | (190.66) | (97.38) | (22.76) | (66.37) | (69.97) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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. | $64.4M | — | — | — | — | +33.38% (above 0%: growing) | — | — | Compare |
| CABO Cable One, Inc. | $48.1M | — (loss-making) | 1.9× | −8.44% (below 0%: shrinking) | n/m | −38.89% (below 0%: shrinking) | 71.71% | (150.44%) | Compare |
| ELWT Elauwit Connection, Inc. | $36.9M | — (loss-making) | — (loss-making) | −46.38% (below 0%: shrinking) | n/m | −3,204.65% (below 0%: shrinking) | 15.51% | (108.54%) | Compare |
| IOTR iOThree Limited | $12.7M | — | — | — | — | — | — | — | Compare |
| FNGR FingerMotion, Inc. | $12.3M | — (loss-making) | — (loss-making) | −92.31% (below 0%: shrinking) | n/m | −94.50% (below 0%: shrinking) | 32.07% | (297.51%) | Compare |
| IQST iQSTEL Inc. | $10.1M | — (loss-making) | — (loss-making) | +51.10% (above 0%: growing) | n/m | −805.48% (below 0%: shrinking) | 2.52% | (1.03%) | |
| SURG SurgePays, Inc. | $6.7M | — (loss-making) | — (loss-making) | +40.69% (above 0%: growing) | n/m | +57.02% (above 0%: growing) | (2.62%) | 21.30% | Compare |
| UCL uCloudlink Group Inc. Sponsored ADR | $6.2M | — (loss-making) | — (loss-making) | −5.89% (below 0%: shrinking) | n/m | −244.47% (below 0%: shrinking) | 50.24% | (15.87%) | Compare |
| COMS COMSovereign Holding Corp. | $1.2M | — (loss-making) | — (loss-making) | −93.41% (below 0%: shrinking) | n/m | −264.29% (below 0%: shrinking) | 58.40% | (403.60%) | Compare |
| Median of peers | $12.5M | — | — | −27.41% | — | −94.50% | 41.15% | (129.49%) |
iQSTEL Inc. (IQST) key facts
- Strength: iQSTEL Inc.’s revenue for fiscal 2025 (year ended December 2025) was $316.9 million, up 11.9% from fiscal 2024.
- iQSTEL Inc. (IQST) is a Telecom Services company in the Communication Services sector, listed on Nasdaq.
- As of October 16, 2026, IQST traded at $0.91, a market capitalization of $10.1 million.
- Return on equity was −70.0% and debt-to-equity 0.15.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 4.95 (safe zone) for fiscal 2025.