iQSTEL Inc
iqstel.comWhat Do They Do?
Provides communications services to telecommunications carriers and businesses, and offers financial products and AI software to consumers and enterprises.
10-K for FY2025, filed Apr 6, 2026Our Telecom Division, which represents the majority of current operations and accounted for 91% of our revenues for the year ended December…View ↗
The Company’s developing Fintech Business Line offers a complete Fintech ecosystem including a MasterCard Debit Card, US Bank Account (No…View ↗
Reality Border currently serves as IQSTEL’s AI innovation and product development platform. Its activities include AI agents and related…View ↗
How Do They Make Money?
Telecom customers are billed for calls and messages by use, plus recurring charges for phone-number and other services, during the period those services are provided. Fintech customers buy digital prepaid products, made available at purchase.
10-K for FY2025, filed Apr 6, 2026The Company recognizes revenue related to monthly usage charges and other recurring charges during the period in which the…View ↗
Usage charges refer to the fees that customers are billed based on their actual usage of the services. For voice services, this typically…View ↗
The Company’s primary performance obligation is the transfer of digital prepaid products to customers upon purchase. Revenue is recognized…View ↗
$316.9M
-
10-K for FY2025, filed Apr 6, 2026
$316.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Telecom
Mix
10-K for FY2025, filed Apr 6, 2026 |
104% |
Telecom, FY2025
$330.6M Sources
|
Mix |
|
Fintech
Sold outright
|
8.8% |
Fintech, FY2025
$28M Sources
|
Sold outright |
|
Corporate Segment
|
0.1% |
Corporate Segment, FY2025
$220.8K Sources
|
|
|
Industrial Elimination
|
−13% |
Industrial Elimination, FY2025
−$41.8M Sources
|
|
|
U S A
|
61%
FY2022: 101%
|
U S A, FY2025
$194.7M Sources
|
|
|
Switzerland
|
7.1%
FY2022: 5.3%
|
Switzerland, FY2025
$22.4M Sources
|
|
|
United Kingdom
|
45% |
United Kingdom, FY2025
$141.6M Sources
|
|
|
Elimination
|
−13%
FY2022: −6.3%
|
Elimination, FY2025
−$41.8M Sources
|
Who Are Their Customers?
Telecommunications operators buy voice and SMS termination and connectivity through interconnection agreements; the company also serves retail phone users and enterprise clients using digital gift-card programs.
10-K for FY2025, filed Apr 6, 2026Etelix.com USA LLC, a wholly owned subsidiary of IQSTEL Inc., is a US based international telecom carrier founded in 2008 that provides…View ↗
Whisl Telecom LLC, a 51% owned subsidiary of IQSTEL Inc., significantly enhances the company’s telecom business through its provision of…View ↗
QGlobal SMS LLC is a 100% owned subsidiary of IQSTEL Inc. QGlobal SMS is a USA based company founded in 2020 specializing in international…View ↗
GlobeTopper, Inc. In July 2025, the Company acquired a 51% controlling interest in GlobeTopper, Inc., a global business-to-business (“B2B”)…View ↗
The Company recognizes revenue related to monthly usage charges and other recurring charges during the period in which the…View ↗
Do Revenues Turn Into Profits?
No. It lost $8.5M in FY2025.
10-K for FY2025, filed Apr 6, 2026
−$4.3MView ↗
10-K for FY2025, filed Apr 6, 2026
−$8.5MView ↗
10-K for FY2025, filed Apr 6, 2026
−$4MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 18, 2026
−$2.4MView ↗
- ▲ +2% (Loss)
- vs −$2.3M in Q2 FY2025
-
Sep 3, 2026
Plans IDILIO TV subscription distribution through mobile operators
It launched a commercial sales pipeline with mobile operators for the microdrama entertainment service.
Sources
8-K, filed Sep 8, 2026
IQSTEL has launched the IDILIO TV commercial sales pipeline with mobile operators as part of its strategy to build scalable, high-margin…View ↗
-
Jun 5, 2026
Agrees to acquire a 51% interest in Ultranet Telecom Group
The proposed deal covers telecom operations across African markets and remained subject to due diligence and other closing conditions.
Sources
8-K, filed Jun 5, 2026
On June 3, 2026, iQSTEL Inc. (the “Company”) entered into a Binding Memorandum of Understanding (the “MOU”) with Ultranet Telecom Group and…View ↗
Growing. Revenue grew 4.9x in 4 years, from $64.7M in FY2021 to $316.9M in FY2025, about 49% a year.
Fintech begins generating sales
The older report described fintech as not yet earning revenue; the latest describes fintech sales through a digital gift-card and incentives platform.
10-K for FY2022, filed Apr 14, 2023 10-K for FY2025, filed Apr 6, 2026Our telecommunication business currently represents 100% of our revenues, while our other business lines are in a pre-revenue stage.View ↗
From metaverse to AI software
The older report included a Metaverse division; the latest describes Reality Border as a platform developing AI software for enterprise and telecom applications, with earlier immersive work feeding into current products.
10-K for FY2022, filed Apr 14, 2023 10-K for FY2025, filed Apr 6, 2026The Company has an extensive portfolio of products and services for its clients such as: SMS, VoIP, 4G & 5G international infrastructure…View ↗
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