IQSTEL INC. (IQST) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q/A for Q2 FY2026, filed Aug 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IQST SEC filings page.
IQSTEL INC. (IQST) reported $394.1M in revenue over the twelve months to Jun 30, 2026, up 39.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Rapid scale has not yet produced operating profit: revenue expanded, but thin margins widened losses and cash needs remained externally funded.
From FY2023 to FY2025, revenue roughly doubled while gross margin stayed near3.0% and operating margin moved from nearly break-even to-1.3% , indicating added volume has not absorbed overhead.
The latest net loss was
Working capital remains tight: the current ratio was 1.0x in FY2025, and positive financing cash flow of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of IQSTEL INC.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
IQSTEL INC. has an operating margin of -1.3%, meaning the company loses $1 on every $100 of revenue. This results in a profitability score of 34/100. This is down from -0.3% the prior year.
IQSTEL INC.'s revenue grew 11.9% year-over-year to $316.9M, a solid pace of expansion. This earns a growth score of 95/100.
IQSTEL INC. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.
IQSTEL INC.'s current ratio of 1.04 is below the typical benchmark, resulting in a score of 21/100. This tight liquidity could limit financial flexibility if cash inflows slow.
IQSTEL INC.'s operations used $3.8M of cash, and capex of $113K added to the outflow, for a free cash flow shortfall of $4.0M. This results in a cash flow score of 23/100.
IQSTEL INC. posts a -52.3% return on equity (ROE), meaning it loses $52 for every $100 of shareholders' equity. This results in a returns score of 22/100. This is down from -43.5% the prior year.
IQSTEL INC. scores 4.96, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
IQSTEL INC. passes 6 of 9 financial strength tests. 1 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
IQSTEL INC. reported a net loss of $8.5M while operations used $3.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
IQSTEL INC. generated $109.1M in revenue in Q2 2026. This represents an increase of 51.1% from the same quarter a year earlier. Against the prior quarter it is up 11.4%.
IQSTEL INC.'s EBITDA was -$967K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 95.3% from the same quarter a year earlier. Against the prior quarter it is down 23.1%.
IQSTEL INC. reported -$2.4M in net income in Q2 2026. This represents a decrease of 2.4% from the same quarter a year earlier. Against the prior quarter it is down 73.6%.
Cash & Balance Sheet
IQSTEL INC. recorded an outflow of $1.5M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 805.5% from the same quarter a year earlier. Against the prior quarter it is down 744.5%.
IQSTEL INC. held $2.1M in cash against $26K in long-term debt as of Q2 2026, with $30.8M of liabilities due within a year.
Not reported for Q2 2026.
Margins & Returns
IQSTEL INC.'s gross margin was 2.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.
IQSTEL INC.'s operating margin was -1.0% in Q2 2026, reflecting core business profitability. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.
IQSTEL INC.'s net profit margin was -2.2% in Q2 2026, showing the share of revenue converted to profit. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.
IQSTEL INC.'s ROE was -14.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.3 percentage points.
Capital Allocation
IQSTEL INC. invested $2K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 96.3% from the same quarter a year earlier. Against the prior quarter it is up 20.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
IQST Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q/A | Q1'2610-Q | Q4'2510-Q/A | Q3'2510-Q | Q2'2510-Q/A | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $109.1M+51.1% | $97.9M+69.9% | $84.2M-14.9% | $102.9M+89.6% | $72.2M-8.2% | $57.6M+12.1% | $98.9M+109.3% | $54.2M+36.5% |
| Cost of Revenue | $106.3M+51.2% | $95.8M+72.1% | $81.3M-15.5% | $100.1M+91.7% | $70.3M-8.1% | $55.7M+11.3% | $96.2M+110.9% | $52.2M+34.9% |
| Gross Profit | $2.7M+46.8% | $2.1M+7.5% | $2.9M+7.4% | $2.7M+35.7% | $1.9M-13.5% | $1.9M+40.3% | $2.7M+65.0% | $2.0M+96.4% |
| SG&A Expenses | $3.9M+53.0% | $3.0M+19.7% | $3.2M+7.2% | $3.3M+58.9% | $2.5M+0.9% | $2.5M+62.5% | $3.0M+103.1% | $2.1M+116.8% |
| Operating Income | -$1.1M-70.8% | -$958K-58.6% | -$2.4M-865.4% | -$559K-888.6% | -$656K-91.8% | -$604K-229.4% | -$252K-236.9% | -$57K-179.9% |
| EBITDA | -$967K-95.3% | -$785K-64.6% | -$2.3M-1671.2% | -$397K-1753.2% | -$495K-60.5% | -$477K-221.8% | $144K-31.5% | -$21K-120.3% |
| Interest Expense | $243K+248.1% | N/A | N/A | N/A | $70K | N/A | N/A | N/A |
| Income Tax | $62K-32.3% | $16K-24.7% | -$62K | $72K+3.3% | $92K+40.5% | $21K | N/A | $70K |
| Net Income | -$2.4M-2.4% | -$1.4M-21.1% | -$2.7M-44.5% | -$2.3M-200.9% | -$2.3M-19.6% | -$1.1M-97.2% | -$1.9M-281.2% | -$773K-1783.8% |
| EPS (Diluted) | -$0.38 | -$0.29 | -$0.89 | -$0.68 | -$0.82 | -$0.44 | -$0.02 | -$0.40-3900.0% |
Not reported in any period shown, so not listed: R&D Expenses, EPS (Basic), Diluted Shares (Avg).
IQST Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q/A | Q1'2610-Q | Q4'2510-Q/A | Q3'2510-Q | Q2'2510-Q/A | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $48.2M-6.3% | $44.5M+6.0% | $51.1M-35.3% | $46.9M+44.5% | $51.4M+71.4% | $42.0M+90.0% | $79.0M+256.6% | $32.4M+79.0% |
| Current Assets | $33.5M-5.7% | $29.7M+14.1% | $36.2M-42.6% | $29.8M+51.7% | $35.6M+106.5% | $26.0M+66.7% | $63.0M+300.9% | $19.7M+66.8% |
| Cash & Equivalents | $2.1M+2.6% | $2.6M+139.4% | $2.2M-14.1% | $2.3M+6.3% | $2.0M+155.7% | $1.1M-60.2% | $2.5M+84.2% | $2.1M+6.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $31K0.0% | $31K0.0% | $31K0.0% | $31K0.0% | $31K+13.8% | $31K+13.8% | $31K+13.0% | $31K+13.0% |
| Accounts Receivable | $27.7M-9.6% | $23.7M+7.9% | $30.3M-47.1% | $24.0M+60.0% | $30.6M+122.5% | $22.0M+144.0% | $57.2M+355.8% | $15.0M+96.2% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $5.8M-14.2% | $5.8M-14.2% | $5.8M-14.2% | $8.0M-25.5% | $6.8M-36.8% | $6.8M+30.5% | $6.8M+30.5% | $10.7M+106.4% |
| Total Liabilities | $31.0M-16.5% | $30.2M-0.8% | $34.8M-48.1% | $29.0M+19.2% | $37.1M+65.6% | $30.5M+121.6% | $67.1M+375.6% | $24.3M+139.6% |
| Current Liabilities | $30.8M-16.4% | $30.0M-0.8% | $34.6M-45.8% | $28.7M+19.4% | $36.8M+66.0% | $30.3M+124.5% | $63.8M+361.1% | $24.1M+142.7% |
| Non-Current Liabilities | $196K-29.1% | $199K+7.5% | $201K-93.9% | $290K+2.3% | $277K+29.2% | $185K-28.8% | $3.3M+1122.4% | $284K+14.8% |
| Long-Term Debt | $26K-99.4% | $29K-99.2% | $31K-98.7% | $34K-98.9% | $4.5M+75.1% | $3.5M+3821.0% | $2.5M+2378.0% | $3.2M+3451.0% |
| Total Equity | $17.2M+20.2% | $14.3M+23.7% | $16.3M+36.8% | $17.9M+120.7% | $14.3M+88.7% | $11.6M+38.0% | $11.9M+47.9% | $8.1M+1.6% |
| Retained Earnings | -$47.0M-29.1% | -$44.3M-30.7% | -$43.0M-31.5% | -$38.9M-30.6% | -$36.4M-26.0% | -$33.9M-26.2% | -$32.7M-25.4% | -$29.8M-14.9% |
IQST Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q/A | Q1'2610-Q | Q4'2510-Q/A | Q3'2510-Q | Q2'2510-Q/A | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.5M-678.9% | -$175K+90.8% | -$1.2M-207.8% | -$953K-252.5% | $258K+109.9% | -$1.9M-255.2% | -$404K+61.5% | $625K+118.0% |
| Depreciation & Amortization | $154K-4.4% | $173K+35.9% | $178K-55.1% | $162K+361.0% | $161K+377.3% | $127K+261.2% | $395K+1451.4% | $35K+1.0% |
| Stock-Based Compensation | N/A | $5K-85.0% | N/A | N/A | N/A | $33K+5.6% | N/A | N/A |
| Capital Expenditures | $2K-96.3% | $1K-97.2% | $2K-90.8% | $16K-46.9% | $46K+44.6% | $49K-31.4% | $18K-68.2% | $31K-5.9% |
| Free Cash Flow | -$1.5M-805.5% | -$177K+91.0% | -$1.2M-195.3% | -$969K-263.0% | $212K+108.0% | -$2.0M-221.4% | -$421K+61.9% | $594K+133.8% |
| Investing Cash Flow | -$14K+87.7% | -$8K+85.7% | -$20K+90.4% | -$46K+80.2% | -$115K+89.5% | -$59K+96.4% | -$213K-2746.6% | -$230K-274.3% |
| Financing Cash Flow | $1.0M+23.4% | $626K+15.9% | $1.2M+15.7% | $1.2M+30.7% | $811K-54.5% | $540K-84.7% | $1.0M+164.1% | $933K+40.6% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
IQST Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q/A | Q1'2610-Q | Q4'2510-Q/A | Q3'2510-Q | Q2'2510-Q/A | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 2.5%-0.1pp | 2.1%-1.2pp | 3.5%+0.7pp | 2.7%-1.1pp | 2.6%-0.2pp | 3.4%+0.7pp | 2.7%-0.7pp | 3.7%+1.1pp |
| Operating Margin | -1.0%-0.1pp | -1.0%+0.1pp | -2.9%-2.6pp | -0.5%-0.4pp | -0.9%-0.5pp | -1.1%-0.7pp | -0.3%-0.6pp | -0.1%-0.3pp |
| Net Margin | -2.2%+1.0pp | -1.4%+0.6pp | -3.2%-1.3pp | -2.3%-0.8pp | -3.3%-0.8pp | -2.0%-0.9pp | -1.9%-0.9pp | -1.4%-1.5pp |
| Return on Equity | -14.0%+2.4pp | -9.7%+0.2pp | -16.5%-0.9pp | -13.0%-3.5pp | -16.4%+9.5pp | -9.9%-3.0pp | -15.7%-9.6pp | -9.6%-10.1pp |
| Return on Assets | -5.0%-0.4pp | -3.1%-0.4pp | -5.3%-2.9pp | -5.0%-2.6pp | -4.6%+2.0pp | -2.7%-0.1pp | -2.4%-0.1pp | -2.4%-2.6pp |
| Current Ratio | 1.09+0.1x | 0.99+0.1x | 1.04+0.1x | 1.04+0.2x | 0.96+0.2x | 0.86-0.3x | 0.99-0.1x | 0.82-0.4x |
| Debt-to-Equity | 0.00-0.3x | 0.00-0.3x | 0.00-0.2x | 0.00-0.4x | 0.310.0x | 0.31+0.3x | 0.21+0.2x | 0.40+0.4x |
| Asset Turnover | 2.26+0.9x | 2.20+0.8x | 1.65+0.4x | 2.19+0.5x | 1.40-1.2x | 1.37-1.0x | 1.25-0.9x | 1.67-0.5x |
| FCF Margin | -1.4%-1.7pp | -0.2%+3.2pp | -1.5%-1.1pp | -0.9%-2.0pp | 0.3%+3.7pp | -3.4%-2.2pp | -0.4%+1.9pp | 1.1%+0.5pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| IQSTEL INC. IQST | FY2025 | $316.9M | -$8.5M | -2.7% | $10.2M | 47/100 |
| KORE Group Holdings, Inc. KORE | FY2025 | $285.9M | -$63.0M | -22.0% | $163.0M | 25/100 |
| SurgePays, Inc. SURG | FY2025 | $57.0M | -$36.1M | -63.3% | $6.9M | 12/100 |
| FingerMotion, Inc. FNGR | FY2026 | $24.1M | -$7.0M | -29.2% | $15.1M | 26/100 |
| KVH Industries Inc KVHI | FY2025 | $111.0M | -$7.4M | -6.7% | $114.8M | 49/100 |
Where IQSTEL INC. Ranks
Frequently Asked Questions
What is IQSTEL INC.'s annual revenue?
IQSTEL INC. (IQST) reported $316.9M in total revenue for fiscal year 2025. This represents a 11.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is IQSTEL INC.'s revenue growing?
IQSTEL INC. (IQST) revenue grew by 11.9% year-over-year, from $283.2M to $316.9M in fiscal year 2025.
Is IQSTEL INC. profitable?
No, IQSTEL INC. (IQST) reported a net income of -$8.5M in fiscal year 2025, with a net profit margin of -2.7%.
What is IQSTEL INC.'s EBITDA?
IQSTEL INC. (IQST) had EBITDA of -$3.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does IQSTEL INC. have?
As of fiscal year 2025, IQSTEL INC. (IQST) had $2.2M in cash and equivalents against $31K in long-term debt.
What is IQSTEL INC.'s gross margin?
IQSTEL INC. (IQST) had a gross margin of 3.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is IQSTEL INC.'s operating margin?
IQSTEL INC. (IQST) had an operating margin of -1.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is IQSTEL INC.'s net profit margin?
IQSTEL INC. (IQST) had a net profit margin of -2.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is IQSTEL INC.'s return on equity (ROE)?
IQSTEL INC. (IQST) has a return on equity of -52.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is IQSTEL INC.'s free cash flow?
IQSTEL INC. (IQST) recorded an outflow of $4.0M in free cash flow during fiscal year 2025. This represents a -28.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is IQSTEL INC.'s operating cash flow?
IQSTEL INC. (IQST) recorded an outflow of $3.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are IQSTEL INC.'s total assets?
IQSTEL INC. (IQST) had $51.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are IQSTEL INC.'s capital expenditures?
IQSTEL INC. (IQST) invested $113K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is IQSTEL INC.'s current ratio?
IQSTEL INC. (IQST) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.
What is IQSTEL INC.'s debt-to-equity ratio?
IQSTEL INC. (IQST) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is IQSTEL INC.'s return on assets (ROA)?
IQSTEL INC. (IQST) had a return on assets of -16.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is IQSTEL INC.'s P/E ratio?
IQSTEL INC. (IQST) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $10.2M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is IQSTEL INC.'s price-to-sales ratio?
IQSTEL INC. (IQST) trades at 0.0x sales, its market capitalization divided by revenue of $394.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $10.2M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does IQSTEL INC.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, IQSTEL INC. (IQST) held $2.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $3.8M over that year. Dividing the one by the other, the reported balance equals about 7 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is IQSTEL INC.'s Altman Z-Score?
IQSTEL INC. (IQST) has an Altman Z-Score of 4.96, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is IQSTEL INC.'s Piotroski F-Score?
IQSTEL INC. (IQST) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are IQSTEL INC.'s earnings high quality?
IQSTEL INC. (IQST) reported a net loss of $8.5M while operations used $3.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is IQSTEL INC.?
IQSTEL INC. (IQST) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.