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IQST on Nasdaq

iQSTEL Inc

IQSTEL Inc is an American telephone communications company based in San Diego.2

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Last updated Oct 21, 2026.

Overview

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  • TickerIQST on Nasdaq2
  • IndustryTelephone Communications (No Radiotelephone)2
  • HeadquartersSan Diego, United States2
  • Incorporated inNV3
  • Business address300 Aragon Avenue, Suite 375, Coral Gables, Fl 331343
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formProfit Corporation2
  • LEI5493008FB912X8XN1W052
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATE PLACE, INC., 89104 Las Vegas, United States2
  • Registered withBusiness Center (Secretary of State), E0361192011-42

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IoT Labs (www.iotlabs.mx), QGlobal SMS (www.qglobalsms.com), and QXTEL Limited (www.qxtel.com).4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

3.0%Gross margin5
-1.3%Operating margin5
-2.7%Net margin5
11.9%Revenue growth, 20255
-52.3%Return on equity5
0.00×Debt to equity5
-$4.0MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Telecom brought in 46% of the revenue iQSTEL Inc broke down this way in fiscal 2025.

  1. Telecom$330.6M546%up 8% from 2024
  2. USA$194.7M527%down 1% from 2024
  3. United Kingdom$141.6M520%up 48% from 2024
  4. Fintech$28.0M54%
  5. Switzerland$22.4M53%up 68% from 2024
  6. Corporate$220.8K50%
Business segments by year
Business segments20242025
Telecom$306.0M$330.6M
USA$197.0M$194.7M
United Kingdom$95.7M$141.6M
Fintech$28.0M
Switzerland$13.3M$22.4M
Corporate$220.8K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue97¢$307.4M
  • Other costs3¢$9.3M
  • Income tax0¢$121.7K

Out of $316.9M in revenue.5 The company lost money this year.

Financial statements

Revenue67895$316.9M in 2025+1657% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $18.0M$18.0M20192020: $64.7M$64.7M2020+259%2021: $64.7M$64.7M2021+0%2022: $93.2M$93.2M2022+44%2023: $144.5M$144.5M2023+55%2024: $283.2M$283.2M2024+96%2025: $316.9M$316.9M2025+12%
Gross profit67895$9.5M in 2025+1111% since 2019
0$2.5M$5.0M$7.5M$10.0M2019: $780.9K$780.9K20192020: $1.5M$1.5M2020+96%2021: $1.5M$1.5M2021+0%2022: $1.8M$1.8M2022+17%2023: $4.7M$4.7M2023+161%2024: $8.3M$8.3M2024+77%2025: $9.5M$9.5M2025+14%
Operating income67895-$4.3M in 2025+536% since 2019
-$6.0M-$4.0M-$2.0M02019: -$668.7K-$668.7K20192020: -$3.0M-$3.0M2020+346%2021: -$3.0M-$3.0M2021+0%2022: -$3.2M-$3.2M2022+7%2023: -$315.5K-$315.5K2023−90%2024: -$834.1K-$834.1K2024+164%2025: -$4.3M-$4.3M2025+410%
Net income67895-$8.5M in 2025+56% since 2019
-$10.0M-$7.5M-$5.0M-$2.5M02019: -$5.5M-$5.5M20192020: -$3.8M-$3.8M2020−30%2021: -$3.8M-$3.8M2021+0%2022: -$6.0M-$6.0M2022+55%2023: -$763.3K-$763.3K2023−87%2024: -$5.2M-$5.2M2024+579%2025: -$8.5M-$8.5M2025+64%
Fiscal year2019202020212022202320242025
Revenue$18.0M6$64.7M7$64.7M7$93.2M8$144.5M9$283.2M5$316.9M5
Cost of revenue$17.3M6$63.2M7$63.2M7$91.4M8$139.8M9$274.9M5$307.4M5
Gross profit$780.9K6$1.5M7$1.5M7$1.8M8$4.7M9$8.3M5$9.5M5
Operating expenses$4.5M12$5.0M8$5.0M9$9.1M5$13.7M5
Operating income-$668.7K6-$3.0M7-$3.0M7-$3.2M8-$315.5K9-$834.1K5-$4.3M5
Interest$2.7M6$3.5M6
Income before tax-$3.9M12-$5.9M8-$219.4K9-$4.8M5-$8.4M5
Income tax$06$15212$394.0K5$121.7K5
Net income-$5.5M6-$3.8M7-$3.8M7-$6.0M8-$763.3K9-$5.2M5-$8.5M5
Earnings per share (diluted)-$0.037-$0.048-$0.019-$2.865-$2.865
Shares (weighted, diluted)151.9M shares7

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Corporate structure

iQSTEL Inc sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of iQSTEL Inc

  • iQSTEL Inc San Diego, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What iQSTEL Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.7M5 Dec 31, 2025$1.6M5 Dec 31, 2024+12.3%
Accumulated depreciation$1.1M5 Dec 31, 2025$994.3K5 Dec 31, 2024+13.8%
Property and equipment, net$615.0K5 Dec 31, 2025$561.8K5 Dec 31, 2024+9.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.2M5 Dec 31, 2025$2.5M5 Dec 31, 2024−14.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$5.8M5 Dec 31, 2025$6.8M5 Dec 31, 2024−14.2%
Finite-lived intangibles, net$7.0M5 Dec 31, 2025$7.4M5 Dec 31, 2024−6.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$30.7K5 Dec 31, 2025$30.7K5 Dec 31, 20240%

Properties, in its own words

We do not own any material real property. Our principal executive offices are located at 300 Aragon Avenue, Suite 375, Coral Gables, FL 33134. We lease office and operational space in multiple locations to support our global operations, including facilities in the United States, Argentina, the United Kingdom, Switzerland, Turkey, and Dubai. These leases are generally short-term or cancellable with reasonable notice and are used for administrative, technical, and network operations. The disclosures concerning our leased properties and operational facilities are contained in Item 1. Business above and incorporated herein by reference. We believe our current facilities are adequate for our present needs and that suitable additional or alternative space will be available as required.

Item 2 of the 10-K filed Apr 6, 2026.4

Leadership

Who has led iQSTEL Inc, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Leandro Jose Iglesias2018

Chair

  1. Leandro Jose Iglesias2018

President

  1. Leandro Jose Iglesias2018

Chief financial officer

  1. Alvaro Quintana Cardona2018

Chief operating officer

  1. Alvaro Quintana Cardona2018
20202025
Board members and other officers (3)

Former names

  • PURESNAX INTERNATIONAL, INC.Nov 24, 2015 to Jun 28, 20183
  • PURE SNAX INTERNATIONAL, INC.Sep 29, 2015 to Nov 23, 20153
  • B-MAVEN, INC.Aug 18, 2011 to Aug 13, 20153

Timeline

  1. Sep 28, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure17
  2. Sep 8, 20268-K Other events18
  3. Jul 16, 20268-K Results of operations; Other events19
  4. Jul 10, 20268-K Executive or director change20
  5. Jul 10, 20268-K Entered a material agreement21
  6. Jun 25, 20268-K Other events22
  7. Jun 17, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed23
  8. Jun 8, 20268-K Other events24
  9. Jun 5, 20268-K Entered a material agreement; Other events25
  10. May 1, 20268-K Regulation FD disclosure26
  11. May 1, 20268-K Entered a material agreement; Unregistered sale of shares27
  12. Apr 10, 20268-K Results of operations; Regulation FD disclosure28
  13. Sep 20, 2018New chief executive Leandro Jose Iglesias becomes CEO13

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.68) a share, on Nov 14, 2025.29

When it reported results

  1. Jul 16, 2026Reported quarterly or annual results19
  2. Apr 10, 2026Reported quarterly or annual results28
  3. Nov 17, 2025Reported quarterly or annual results30
  4. Oct 10, 2025Reported quarterly or annual results31
  5. Sep 19, 2025Reported quarterly or annual results32
  6. Aug 27, 2025Reported quarterly or annual results33
  7. Aug 14, 2025Reported quarterly or annual results34
  8. Jun 25, 2025Reported quarterly or annual results35

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

186 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 109 major events, 1 large holders, 54 other. The latest 20:

  1. Sep 28, 20268-K EDGAR
  2. Sep 8, 20268-K EDGAR
  3. Aug 20, 202610-Q/A AMENDMENT NO. 1 EDGAR
  4. Aug 18, 202610-Q EDGAR
  5. Aug 14, 2026NT 10-Q EDGAR
  6. Jul 27, 2026DEF 14C DEFINITIVE INFORMATION STATEMENT EDGAR
  7. Jul 16, 20268-K EDGAR
  8. Jul 10, 20268-K EDGAR
  9. Jul 10, 20268-K EDGAR
  10. Jul 10, 2026PRE 14C EDGAR
  11. Jun 25, 20268-K EDGAR
  12. Jun 17, 20268-K EDGAR
  13. Jun 8, 20268-K EDGAR
  14. Jun 5, 20268-K EDGAR
  15. Jun 2, 2026EFFECT EDGAR
  16. May 29, 2026CORRESP EDGAR
  17. May 22, 2026S-1 EDGAR
  18. May 20, 202610-Q EDGAR
  19. May 15, 2026NT 10-Q EDGAR
  20. May 12, 2026UPLOAD EDGAR

The 186 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
UBS Group AG48,059$55.7K0.0%−5,001
Geode Capital Management, LLC43,238$50.2K0.0%−15,044
Vanguard Capital Management LLC36,745$42.6K0.0%No change
Vanguard Fiduciary Trust Co16,744$19.4K0.0%No change
StoneX Group Inc.14,911$18.1K0.0%New
State Street Corp13,518$15.7K0.0%−3
Northern Trust Corp10,616$12.3K0.0%+415
Tower Research Capital LLC (TRC)6,002$7.0K0.0%+2,897
Osaic Holdings, Inc.5,082$5.9K0.0%No change
Federation des caisses Desjardins du Quebec3,879$4.5K0.0%+2,000
Wells Fargo & Company/mn1,016$1.2K0.0%No change
Game Plan Financial Advisors, LLC254$2950.0%No change
Virtu Financial LLC48,377$560.0%New
Citigroup Inc21$240.0%New
IFP Advisors, Inc18$210.0%No change
SHP Wealth Management2$20.0%No change
Northwestern Mutual Wealth Management Co1$10.0%No change
TD Waterhouse Canada Inc.1$10.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How iQSTEL Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARiQSTEL Inc1
  • CIK0001527702
  • Employer ID (EIN)45-28086204
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inNevada4
  • Fiscal year endsDecember 311
  • Industry code (SIC)4813 Telephone Communications (No Radiotelephone)1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address300 Aragon Avenue, Suite 375, Coral Gables, FL 331341
  • Phone(954) 951-81911
  • Shares outstanding10,915,859 as of Aug 18, 202611
  • Public float$33.2M as of Jun 30, 20254
  • AuditorUrish Popeck & Co., LLC, Pittsburgh, Pennsylvania PCAOB ID 10134
  • On EDGAR sinceAug 18, 20111
  • Filings419 in all: 8-K (183), 10-Q (42), UPLOAD (31), CORRESP (30), 10-K (15), NT 10-Q (14), S-1/A (14), NT 10-K (11)1
    All 35 form types

    10-Q/A (9), 1-A/A (6), 8-K/A (6), S-1 (6), 1-A POS (5), 3 (5), EFFECT (5), 10-K/A (4), DEF 14C (4), QUALIF (4), DEF 14A (3), PRE 14C (3), SC 13G (3), 253G1 (2), RW (2), 1-A (1), 144 (1), 253G2 (1), 253G3 (1), 424B3 (1), 424B7 (1), 8-A12B (1), 8-A12G (1), CERT (1), DRS (1), SC 13G/A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Apr 6, 2026
    Quarterly report (10-Q) Aug 18, 2026
    Proxy statement (DEF 14A) Dec 23, 2025
    Latest 8-K (8-K) Sep 28, 2026

Securities registered for trading

ClassSymbolExchange
Common StockIQSTNasdaq

From the cover page of the 10-K filed Apr 6, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks iQSTEL Inc names in Item 1A of its 10-K filed Apr 6, 2026: 38 risks under these headings, as written.4

  • Risks Relating to Business and Financial Condition
  • Because the Company has identified that substantial doubt exists within their ability to continue as a going concern, there is an increased risk associated with an investment in our Company.
  • Because we have a limited operating history, you may not be able to accurately evaluate our operations.
  • We are dependent on outside financing for the continuation of our operations.
  • We may be unable to achieve some, all or any of the benefits that we expect to achieve from our plan to expand our operations.
  • As a growing Company, we have yet to achieve a profit and may not achieve a profit in the near future, if at all.
  • Our operations and performance depend significantly on global and regional economic conditions and adverse economic conditions can adversely affect our business, results of operations and financial condition.
  • We have substantial revenue derived from customers outside of the United States, and we may lose revenues and market share due to exchange rate fluctuations and political and economic changes related to foreign business.
  • We operate a global business that exposes us to currency, economic and regulatory risks.
  • Our global operations subject us to many different and complex laws and rules, and we may face difficulty in compliance.
  • Our telecommunications line of business is highly sensitive to declining prices, which may adversely affect our revenues and margins.
  • Our subsidiary GlobeTopper operates in a rapidly evolving digital payments and incentives market, and its business model may not continue to achieve market acceptance.
The other 27 risks
  • Our products face intense competitive challenges, including rapid technological changes, and pricing pressure from competitors, which could adversely affect our business.
  • Our operating results may fluctuate, which could have a negative impact on our ability to grow our client base, establish sustainable revenues and succeed overall.
  • The termination of our carrier agreements and our inability to enter into new carrier agreements in the future could materially and adversely affect our ability to compete, which could reduce our revenues and profits.
  • Our subsidiary GlobeTopper relies on access to a large catalog of merchant brands, and the loss of key merchant relationships could materially impact its business.
  • Our customers could experience financial difficulties, which could adversely affect our revenues and profitability if we experience difficulties in collecting our receivables.
  • We may fail to successfully integrate our acquisitions or otherwise be unable to benefit from pursuing acquisitions.
  • Natural disasters, terrorist acts, acts of war, pandemics, cyber-attacks or other breaches of network or information technology security may cause equipment failures or disrupt our operations.
  • If we are unable to successfully manage growth, our operations could be adversely affected.
  • Risks Related to Legal Uncertainty
  • We may be subject to securities litigation, which is expensive and could divert management attention.
  • We may be subject to tax and regulatory audits which could subject us to liabilities.
  • Changes in regulations or user concerns regarding privacy and protection of user data, or any failure to comply with such laws, could adversely affect our business.
  • We may be subject to legal liability associated with providing online services or content.
  • Security breaches, denial of service attacks, or other hacking and phishing attacks on our systems or other security breaches, including internal security failures, could harm our reputation or subject us to significant liability, and adversely affect our business and financial results.
  • Provisions in the Nevada Revised Statutes and our Bylaws could make it very difficult for an investor to bring any legal actions against our directors or officers for violations of their fiduciary duties or could require us to pay any amounts incurred by our directors or officers in any such actions.
  • Nevada law and certain anti-takeover provisions of our corporate documents could entrench our management or delay or prevent a third party from acquiring us or a change in control even if it would benefit our shareholders.
  • As a smaller reporting company, we areexempt from certain disclosure requirements, which could make our Common Stock less attractive to potential investors.
  • If we fail to maintain an effective system of internal control over financial reporting in the future, we may not be able to accurately report our financial condition, results of operations or cash flows, which may adversely affect investor confidence in us and, as a result, the value of our common shares.
  • Our disclosure controls and procedures may not prevent or detect all errors or acts of fraud.
  • Deficiencies in disclosure controls and procedures and internal control over financial reporting could result in a material misstatement in our financial statements.
  • Risks Relating to Our Securities
  • We have the right to issue additional common stock and preferred stock without the consent of stockholders which would have the effect of diluting investors’ ownership and could decrease the value of their investment.
  • Our largest shareholders, officers and directors and related parties, Leandro Iglesias and Alvaro Cardona, have substantial control over us and our policies as a result of their holdings in Series A Preferred Stock, and will be able to influence all corporate matters, which might not be in other shareholders’ interests.
  • We do not expect to pay cash dividends in the foreseeable future. Any return on investment may be limited to the value of our common stock.
  • Risks Related to the Market for our Securities
  • If a market for our common stock does not develop, stockholders may be unable to sell their shares.
  • The market price of our common stock is likely to be highly volatile and could fluctuate widely in price in response to various factors, many of which are beyond our control.
  • If our common stock were to be delisted from the Nasdaq Capital Market, we could become subject to the SEC’s “penny stock” rules, which could reduce the level of trading activity in our stock.
  • We will likely conduct further offerings of our equity securities in the future, in which case your proportionate interest may become diluted.
  • If securities or industry analysts do not publish research or reports about our business, or publish negative reports about our business, our share price and trading volume could decline.

Legal proceedings

We are not currently a party to any material legal proceedings. From time to time, we may become involved in various legal proceedings arising in the ordinary course of our business. We have no current legal proceedings that we believe would have a material adverse effect on our business, financial condition, or results of operations.

The opening of Item 3, Legal Proceedings.4

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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