NASDAQ : IQST
iQSTEL Inc. — Financial statements
Communication Services · Telecom Services · United States
Last price 0.888 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 9.69M
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Financial statements
iQSTEL Inc. (IQST) reported revenue of 394.07M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 394.07M | 316.90M | 283.22M | 144.50M | 93.20M | 64.70M |
| Cost of Revenue | 383.59M | 307.44M | 274.95M | 139.83M | 91.41M | 63.17M |
| Gross Profit | 10.48M | 9.46M | 8.27M | 4.67M | 1.79M | 1.53M |
| Selling, General & Admin | 10.17M | 9.05M | 7.20M | 4.44M | 4.50M | 4.09M |
| Research & Development | 2.17M | 1.62M | 1.19M | 328.71K | 291.35K | 218.05K |
| Operating Expenses | 13.02M | 11.30M | 8.89M | 4.91M | 4.95M | 4.40M |
| Operating Income | -2.54M | -1.84M | -622.47K | -238.21K | -3.15M | -2.87M |
| Interest Expense | -1.29M | -1.61M | -2.16M | -94.91K | -29.64K | -675.48K |
| Other Non Operating Income (Expenses) | -451.89K | -319.42K | -1.52M | 113.68K | -2.68M | 206.30K |
| EBT Excluding Unusual Items | -4.28M | -3.78M | -4.30M | -219.44K | -5.87M | -3.34M |
| Impairment of Goodwill | -2.17M | -2.17M | ||||
| Other Unusual Items | -2.27M | -2.44M | -482.08K | -528.79K | ||
| Pretax Income | -8.72M | -8.39M | -4.79M | -219.44K | -5.87M | -3.86M |
| Income Tax Expense | 87.05K | 121.70K | 394.03K | |||
| Earnings From Continuing Operations | -8.81M | -8.51M | -5.18M | -219.44K | -5.87M | -3.86M |
| Minority Interest in Earnings | -772.05K | -653.72K | -811.53K | -543.82K | -101.71K | 26.23K |
| Net Income | -9.58M | -9.16M | -5.99M | -763.26K | -5.97M | -3.84M |
| Preferred Dividends & Other Adjustments | 748.34K | 695.06K | 627.71K | 816.48K | ||
| Net Income to Common | -10.33M | -9.86M | -6.62M | -1.58M | -5.97M | -3.84M |
| Shares Outstanding (Basic) | 5.01M | 3.45M | 2.31M | 2.13M | 1.93M | 1.72M |
| Shares Outstanding (Diluted) | 5.01M | 3.45M | 2.31M | 2.13M | 1.93M | 1.72M |
| EPS (Basic) | -2.06 | -2.86 | -2.86 | -0.74 | -3.09 | -2.23 |
| EPS (Diluted) | -2.06 | -2.86 | -2.86 | -0.74 | -3.09 | -2.23 |
| Free Cash Flow | -3.88M | -3.96M | -3.08M | -1.70M | -1.88M | -3.31M |
| Free Cash Flow Per Share | -0.78 | -1.15 | -1.33 | -0.80 | -0.97 | -1.92 |
| Gross Margin | 2.66% | 2.98% | 2.92% | 3.23% | 1.92% | 2.37% |
| Operating Margin | -0.65% | -0.58% | -0.22% | -0.17% | -3.38% | -4.43% |
| Profit Margin | -2.62% | -3.11% | -2.34% | -1.09% | -6.40% | -5.93% |
| Free Cash Flow Margin | -0.99% | -1.25% | -1.09% | -1.18% | -2.01% | -5.11% |
| EBITDA | -1.87M | -1.22M | -122.94K | -109.47K | -3.03M | -2.77M |
| EBITDA Margin | -0.48% | -0.38% | -0.04% | -0.08% | -3.26% | -4.29% |
| D&A For EBITDA | 666.18K | 627.67K | 499.54K | 128.74K | 120.12K | 91.47K |
| EBIT | -2.54M | -1.84M | -622.47K | -238.21K | -3.15M | -2.87M |
| EBIT Margin | -0.65% | -0.58% | -0.22% | -0.17% | -3.38% | -4.43% |
| Advertising Expenses | 1.88M | 968.21K | 595.30K | 617.56K | 977.33K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.09M | 2.16M | 2.51M | 1.36M | 1.33M | 3.33M |
| Cash & Short-Term Investments | 2.09M | 2.16M | 2.51M | 1.36M | 1.33M | 3.33M |
| Accounts Receivable | 27.69M | 30.26M | 57.16M | 12.54M | 4.21M | 2.54M |
| Other Receivables | 788.77K | 361.75K | 158.36K | 312.54K | 120.53K | 243.79K |
| Receivables | 28.99M | 31.26M | 57.95M | 13.19M | 4.66M | 3.21M |
| Inventory | 30.66K | 30.66K | 30.66K | 27.12K | 26.12K | |
| Prepaid Expenses | 1.84M | 2.19M | 2.02M | 738.05K | 26.60K | 23.32K |
| Other Current Assets | 571.35K | 523.62K | 505.70K | 398.50K | 398.50K | |
| Total Current Assets | 33.53M | 36.16M | 63.02M | 15.72M | 6.44M | 6.57M |
| Property, Plant & Equipment | 500.02K | 615.05K | 561.80K | 523.00K | 401.02K | 409.38K |
| Goodwill | 5.79M | 5.79M | 6.75M | 5.17M | 5.17M | 1.54M |
| Other Intangible Assets | 6.72M | 6.96M | 7.44M | 99.59K | 99.59K | 99.59K |
| Long-Term Deferred Tax Assets | 459.47K | 459.47K | 243.11K | 426.75K | 440.13K | 446.40K |
| Other Long-Term Assets | 1.20M | 1.10M | 999.08K | 214.99K | ||
| Total Assets | 48.19M | 51.09M | 79.01M | 22.16M | 12.55M | 9.06M |
| Accounts Payable | 12.13M | 9.17M | 2.13M | 2.97M | 2.25M | 1.47M |
| Accrued Expenses | 1.90M | 1.47M | 1.56M | 259.23K | 2.48M | 307.05K |
| Short-Term Debt | 2.53M | 4.09M | 1.74M | 781.09K | 262.56K | 265.92K |
| Current Portion of Long-Term Debt | 121.09K | 126.80K | 3.32M | 99.99K | 94.34K | 315.45K |
| Current Income Taxes Payable | 134.92K | 150.84K | ||||
| Current Unearned Revenue | 1.04M | 1.39M | ||||
| Other Current Liabilities | 12.96M | 18.22M | 55.07M | 9.73M | 1.36M | |
| Total Current Liabilities | 30.82M | 34.61M | 63.82M | 13.84M | 6.45M | 2.36M |
| Long-Term Debt | 26.49K | 31.30K | 3.01M | 99.10K | 108.15K | 119.30K |
| Pension & Post-Retirement Benefits | 169.60K | 169.60K | 274.35K | 169.74K | 154.24K | 156.43K |
| Total Liabilities | 31.01M | 34.81M | 67.11M | 14.11M | 6.71M | 2.64M |
| Common Stock | 10.05K | 4.67K | 2.54K | 172.13K | 161.59K | 147.48K |
| Additional Paid-In Capital | 59.78M | 54.46M | 39.94M | 34.36M | 31.14M | 25.84M |
| Retained Earnings | -47.01M | -43.28M | -32.70M | -26.08M | -24.50M | -18.54M |
| Comprehensive Income & Other | -25.34K | -25.34K | -25.34K | -25.34K | -33.56K | -36.66K |
| Total Common Equity | 12.75M | 11.16M | 7.22M | 8.42M | 6.76M | 7.42M |
| Minority Interest | 4.43M | 5.12M | 4.68M | -377.71K | -924.38K | -996.01K |
| Shareholders' Equity | 17.18M | 16.28M | 11.90M | 8.05M | 5.84M | 6.42M |
| Total Liabilities & Equity | 48.19M | 51.09M | 79.01M | 22.16M | 12.55M | 9.06M |
| Total Debt | 2.68M | 4.24M | 8.08M | 980.18K | 465.05K | 700.67K |
| Net Cash (Debt) | -589.40K | -2.09M | -5.57M | 382.49K | 864.34K | 2.63M |
| Net Cash Per Share | -0.12 | -0.60 | -2.41 | 0.18 | 0.45 | 1.53 |
| Filing Date Shares Outstanding | 10.92M | 5.07M | 2.68M | 2.24M | 2.09M | 1.90M |
| Total Common Shares Outstanding | 10.05M | 4.67M | 2.58M | 2.19M | 2.05M | 1.87M |
| Working Capital | 2.71M | 1.56M | -806.15K | 1.88M | -15.09K | 4.20M |
| Book Value Per Share | 1.27 | 2.39 | 2.80 | 3.85 | 3.29 | 3.96 |
| Tangible Book Value | 246.15K | -1.59M | -6.97M | 3.15M | 1.49M | 5.78M |
| Tangible Book Value Per Share | 0.02 | -0.34 | -2.70 | 1.44 | 0.72 | 3.08 |
| Machinery | 951.23K | 946.51K | 865.35K | 486.59K | 417.08K | 367.68K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -9.58M | -9.16M | -5.99M | -763.26K | -5.97M | -3.84M |
| Depreciation & Amortization | 666.18K | 627.67K | 499.54K | 128.74K | 120.12K | 91.47K |
| Other Amortization | 276.80K | 458.61K | 1.10M | 38.76K | 7.41K | 450.77K |
| Loss (Gain) From Sale of Assets | 7.20K | |||||
| Asset Writedown & Restructuring Costs | 2.17M | 2.17M | ||||
| Stock-Based Compensation | 792.70K | 305.01K | 223.22K | 42.89K | 126.50K | 1.28M |
| Provision & Write-off of Bad Debts | 16.32K | 6.40K | 1.99K | 8.81K | 34.38K | |
| Other Operating Activities | 2.83M | 2.88M | 2.83M | 215.54K | 2.75M | 317.65K |
| Change in Accounts Receivable | 8.16M | 38.09M | -56.09M | -8.01M | -799.53K | -39.86K |
| Change in Inventory | -3.54K | -997.00 | -26.12K | |||
| Change in Accounts Payable | 1.68M | 2.02M | 4.45M | 1.22M | -265.51K | -1.23M |
| Change in Other Net Operating Assets | -10.52M | -41.24M | 50.06M | 5.63M | 2.25M | -186.82K |
| Operating Cash Flow | -3.86M | -3.84M | -2.93M | -1.48M | -1.77M | -3.15M |
| Capital Expenditures | -20.91K | -113.02K | -151.62K | -220.04K | -112.07K | -153.18K |
| Cash Acquisitions | -70.47K | -70.47K | -2.96M | -1.89M | -60.00K | |
| Sale (Purchase) of Intangibles | -77.72K | |||||
| Other Investing Activities | 2.96K | -56.16K | -56.23K | -112.50K | -300.00 | -220.45K |
| Investing Cash Flow | -88.42K | -239.65K | -3.16M | -332.55K | -2.00M | -511.35K |
| Short-Term Debt Issued | 1.00M | |||||
| Long-Term Debt Issued | 7.95M | 8.11M | 625.00K | 600.00K | ||
| Total Debt Issued | 5.55M | 7.95M | 9.11M | 625.00K | 600.00K | |
| Short-Term Debt Repaid | -568.75K | -538.96K | ||||
| Long-Term Debt Repaid | -3.37M | -2.63M | -191.03K | -232.02K | -685.27K | |
| Total Debt Repaid | -1.30M | -3.94M | -3.17M | -191.03K | -232.02K | -685.27K |
| Net Debt Issued (Repaid) | 4.25M | 4.01M | 5.94M | 433.96K | -232.02K | -85.27K |
| Issuance of Common Stock | 168.86K | 1.30M | 1.40M | 2.00M | 6.34M | |
| Other Financing Activities | -412.80K | -284.13K | ||||
| Financing Cash Flow | 4.00M | 3.73M | 7.24M | 1.83M | 1.77M | 6.25M |
| Foreign Exchange Rate Adjustments | 15.66K | -6.84K | -5.95K | |||
| Net Cash Flow | 53.59K | -355.00K | 1.15M | 33.28K | -2.01M | 2.58M |
| Free Cash Flow | -3.88M | -3.96M | -3.08M | -1.70M | -1.88M | -3.31M |
| Free Cash Flow Margin | -0.99% | -1.25% | -1.09% | -1.18% | -2.01% | -5.11% |
| Free Cash Flow Per Share | -0.78 | -1.15 | -1.33 | -0.80 | -0.97 | -1.92 |
| Levered Free Cash Flow | -360.00K | -2.75M | -424.85K | -2.60M | 590.00K | -3.42M |
| Unlevered Free Cash Flow | 168.31K | -2.20M | -171.94K | -2.58M | 601.12K | -3.44M |
| Cash Interest Paid | 621.03K | 534.16K | 879.78K | 45.28K | 3.33K | 126.82K |
| Change in Working Capital | -1.03M | -1.13M | -1.59M | -1.16M | 1.16M | -1.46M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.95M | 13.35M | 60.93M | 25.73M | 29.83M | 131.83M |
| Enterprise Value | 9.54M | 19.93M | 67.07M | 23.95M | 28.14M | 131.00M |
| Last Close Price | 0.81 | 2.91 | 23.61 | 11.81 | 14.56 | 73.21 |
| PS Ratio | 0.02 | 0.04 | 0.21 | 0.18 | 0.32 | 2.04 |
| PB Ratio | 0.64 | 0.82 | 5.12 | 3.20 | 5.11 | 20.53 |
| P/TBV Ratio | 35.75 | 8.16 | 20.05 | 22.81 | ||
| EV/Sales Ratio | 0.02 | 0.06 | 0.24 | 0.17 | 0.30 | 2.02 |
| Debt / Equity Ratio | 0.16 | 0.26 | 0.68 | 0.12 | 0.08 | 0.11 |
| Net Debt / Equity Ratio | 0.03 | 0.13 | 0.47 | -0.05 | -0.15 | -0.41 |
| Net Debt / EBITDA Ratio | -0.31 | -1.72 | -45.30 | 3.49 | 0.28 | 0.95 |
| Net Debt / FCF Ratio | -0.15 | -0.53 | -1.81 | 0.22 | 0.46 | 0.80 |
| Asset Turnover | 7.91 | 4.87 | 5.60 | 8.33 | 8.63 | 8.62 |
| Inventory Turnover | 12,512.01 | 10,028.12 | 9,517.42 | 5,252.44 | ||
| Quick Ratio | 0.99 | 0.95 | 0.94 | 1.03 | 0.88 | 2.59 |
| Current Ratio | 1.09 | 1.04 | 0.99 | 1.14 | 1.00 | 2.78 |
| Return on Equity (ROE) | -55.98% | -60.40% | -51.94% | -3.16% | -95.72% | -191.96% |
| Return on Assets (ROA) | -3.19% | -1.77% | -0.77% | -0.86% | -18.24% | -23.86% |
| Return on Capital Employed (ROCE) | -14.60% | -11.20% | -4.10% | -2.90% | -51.70% | -42.80% |
| Earnings Yield | -251.37% | -68.63% | -9.83% | -2.97% | -20.01% | -2.91% |
| FCF Yield | -44.13% | -29.64% | -5.06% | -6.62% | -6.29% | -2.51% |
| Buyback Yield / Dilution | -93.73% | -49.16% | -8.89% | -10.16% | -12.16% | -111.73% |