15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 37.4% per year over the past 5 years.
Operating margin has expanded, at -1.3% in the latest year.
Financial health
Total debt ($4M) exceeds cash ($2M); net debt is $2M.
Total debt has grown slower than revenue (6.7% vs 37.4% per year).
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$317M
-$9M
3.0%
-1.3%
-$4M
$4M
$2M
2024
$283M
-$5M
2.9%
-0.3%
-$3M
$2M
$3M
2023
$145M
-$763258
3.2%
-0.2%
-$2M
$364087
$1M
2022
$93M
-$6M
1.9%
-3.4%
-$2M
$296834
$1M
2021
$65M
-$4M
2.4%
-4.6%
-$3M
$750195
$3M
2020
$65M
-$4M
2.4%
-4.6%
-$3M
$3M
$753316
2019
$18M
-$5M
4.3%
-3.7%
-$1M
$357363
$270503
2018
$14M
-$2M
8.7%
-0.2%
-$356977
$389114
$4570
2018
$10M
-$291915
9.1%
0.9%
—
—
$25355
2017
$8M
-$355706
8.2%
-1.0%
-$267827
$455916
$23266
2017
$7M
$217997
13.9%
4.3%
—
—
$61262
2016
$0
-$245047
—
—
—
—
$16129
2015
$0
-$32871
—
—
—
—
$0
2015
$9462
-$55748
86.9%
0.0%
—
—
$0
2014
$9462
-$49411
86.9%
0.0%
—
—
$0
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$98M
-$1M
2.1%
-1.0%
-$176846
$5M
$3M
Dec '25
$84M
-$3M
3.5%
-2.9%
-$1M
$4M
$2M
Sep '25
$103M
-$2M
2.7%
-0.5%
-$969248
$3M
$2M
Jun '25
$72M
-$2M
2.6%
-0.9%
$211680
$4M
$2M
Mar '25
$58M
-$1M
3.4%
-1.0%
-$2M
$4M
$1M
Dec '24
$99M
-$2M
2.7%
-0.3%
-$421259
$2M
$3M
Sep '24
$54M
-$773004
3.7%
-0.1%
$594495
$3M
$2M
Jun '24
$79M
-$2M
2.8%
-0.4%
-$3M
$3M
$797227
Mar '24
$51M
-$580216
2.7%
-0.4%
-$608550
$193952
$3M
Dec '23
$47M
-$488701
3.5%
0.4%
-$1M
$364087
$1M
Sep '23
$40M
$45909
2.6%
0.2%
$254233
$343797
$2M
Jun '23
$33M
-$161644
2.4%
-0.8%
-$987565
$353633
$1M
Mar '23
$25M
-$158822
4.9%
-1.3%
$133916
$195662
$2M
Dec '22
$28M
-$5M
-3.0%
-8.7%
-$301742
$296834
$1M
Sep '22
$22M
-$68863
6.0%
0.3%
-$92877
$194794
—
Jun '22
$24M
-$351180
3.6%
-1.3%
-$1M
$201025
—
Mar '22
$19M
-$554970
2.5%
-2.6%
-$472570
$207928
—
Dec '21
$18M
-$709052
0.9%
-3.9%
-$744520
$750195
$3M
Sep '21
$17M
-$198954
5.1%
-0.7%
-$398602
$228935
$1M
Jun '21
$16M
-$987376
0.3%
-7.2%
-$1M
$240430
$2M
Valuation over time
How the market has priced IQST against its own fundamentals since 2025-05 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 0.2× (May '25) to 0.0× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is IQST growing its revenue and profit?
Over the past 5 years, iQSTEL Inc's revenue has grown 37.4% per year. These are computed facts, not advice.
How much debt does IQST have?
As of FY2025, iQSTEL Inc reported $4M of total debt against $2M of cash.
What is IQST's profit margin?
In FY2025, gross margin was 3.0%, operating margin -1.3%, and net margin -2.7%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.