iQSTEL IncIQSTEarnings & Financial Report
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
Revenue
$98.9M
Gross Profit
$2.7M
Operating Profit
$-252.0K
Net Profit
$-1.9M
Gross Margin
2.7%
Operating Margin
-0.3%
Net Margin
-1.9%
YoY Growth
109.3%
EPS
$-1.19
iQSTEL Inc Q4 FY2024 Financial Summary
iQSTEL Inc reported revenue of $98.9M (up 109.3% YoY) for Q4 FY2024, with a net profit of $-1.9M (down 281.2% YoY) (-1.9% margin). Cost of goods sold was $96.2M, operating expenses totaled $3.0M.
Key Financial Metrics
| Total Revenue | $98.9M |
|---|---|
| Net Profit | $-1.9M |
| Gross Margin | 2.7% |
| Operating Margin | -0.3% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
iQSTEL Inc Q4 FY2024 revenue of $98.9M breaks down across 3 segments, led by USA at $61.4M (62.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| USA | $61.4M | 62.0% |
| Other | $27.3M | 27.6% |
| Switzerland | $10.2M | 10.4% |
iQSTEL Inc Revenue by Segment — Quarterly Trend
iQSTEL Inc revenue by segment across the last 4 reported quarters, showing how each business line (such as USA and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| USA | $53.2M | — | $39.8M | $38.5M |
| Other | $29.9M | — | $11.3M | $4.3M |
| Switzerland | $1.1M | — | $9.2M | $1.3M |
iQSTEL Inc Annual Revenue by Year
iQSTEL Inc annual revenue history includes year-by-year totals (for example, 2025 revenue was $316.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $316.9M |
| 2024 | $283.2M |
| 2023 | $144.5M |
| 2022 | $93.2M |
iQSTEL Inc Quarterly Revenue & Net Profit History
iQSTEL Inc results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $84.2M | -14.9% | $-2.7M | -3.2% |
| Q3 FY2025 | $102.9M | +89.6% | $-2.3M | -2.3% |
| Q2 FY2025 | $72.2M | -8.2% | $-2.3M | -3.3% |
| Q1 FY2025 | $57.6M | +12.1% | $-1.1M | -2.0% |
| Q4 FY2024 | $98.9M | +109.3% | $-1.9M | -1.9% |
| Q3 FY2024 | $54.2M | +36.5% | $-773.0K | -1.4% |
| Q2 FY2024 | $78.6M | +139.6% | $-2.0M | -2.5% |
| Q1 FY2024 | $51.4M | +108.4% | $-580.2K | -1.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $51.4M | $78.6M | $54.2M | $98.9M | $57.6M | $72.2M | $102.9M | $84.2M |
| YoY Growth | 108.4% | 139.6% | 36.5% | 109.3% | 12.1% | -8.2% | 89.6% | -14.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $22.1M | $30.0M | $32.4M | $79.0M | $42.0M | $51.4M | $46.9M | $51.1M |
| Liabilities | $13.7M | $22.4M | $24.3M | $67.1M | $30.5M | $37.1M | $29.0M | $34.8M |
| Equity | $8.4M | $7.6M | $8.1M | $11.9M | $11.6M | $14.3M | $17.9M | $16.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-536888 | $-2.6M | $625037 | $-403655 | $-1.9M | $257686 | $-953037 | $-1.2M |