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iQSTEL (IQST) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 18, 2026 · iQSTEL (IQST) Q2 2026 earnings results →
Q2 2026 Revenue up 51% year over year to $109M · 2¢ of every $1 of revenue lost · operating margin -1.0%
iQSTEL made $109M in Q2 2026 (+51% Y/Y): U S A $73.5M, United Kingdom $35.1M. Operating margin -1.0%, net loss $2.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 18, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $109.1M in Q2 2026, up 51% year over year and up 11% from the previous quarter. U S A was the largest line at 67% of revenue. U S A added $33.8M year over year (up 85%), 92% of the total change.
Gross margin was 2.5%, down 0.1 points from Q2 2025. Operating costs exceeded revenue by $1.1M, an operating margin of -1.0%. Operating expenses grew 53% against revenue growth of 51%. The quarter ended with a net loss of $2.4M, wider than the previous quarter's $1.4M loss. Net interest and other expense of $1.2M was the main reason.
Operating cash flow was −$1.5M. Non-cash charges added back $154K of depreciation and amortization and $538K of share-based compensation. Working capital and other items added $222K. Capital expenditures of $2K exceeded it, leaving free cash flow of −$1.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 18, 2026 | $109M | +51% | -1.0% | −$2.4M | −$1.5M |
| Q1 2026 | 10-Q | May 20, 2026 | $97.9M | +70% | -1.0% | −$1.4M | −$175K |
| Q4 2025 | 10-K | Apr 6, 2026 | $84.2M | -15% | -2.9% | −$2.7M | −$1.2M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $103M | +90% | -0.5% | −$2.3M | −$953K |
| Q2 2025 | 10-Q | Aug 14, 2025 | $72.2M | -8% | -0.9% | −$2.3M | $258K |
| Q1 2025 | 10-Q | May 15, 2025 | $57.6M | +12% | -1.0% | −$1.1M | −$1.9M |
| Q4 2024 | 10-K | Mar 31, 2025 | $98.9M | +109% | -0.3% | −$1.9M | −$404K |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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About iQSTEL
IQSTEL Inc. (the Company when making reference to consolidated company) is a technology company with operations in 20 countries (Argentina, Armenia, Austria, Canada, Colombia, Germany, Greece, Guatemala, India, Italy, Pakistan, Romania, Serbia, Spain, Switzerland, Turkey, UAE, UK, USA and Venezuela) and over 100 employees that offers leading-edge services through its subsidiaries in the telecommunications, fintech, and AI-enhanced industries. Our global presence includes offices in USA, Argentina, UK, Switzerland, Turkey, and Dubai, and we target diverse and high-growth markets. We maintain more than 603 high value network interconnections around the world, delivering international voice, SMS, and connectivity services that form the core of our business.
In its own words, from its 10-K, filed Apr 6, 2026.
iQSTEL against its Telephone Communications (No Radiotelephone) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +51% against the peers' median +5%. Operating margin: -1.0% against the peers' median 3.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| IQST iQSTEL | Q2 2026 | $109M | +51% | -1.0% |
| VZ Verizon Communications | Q3 2026 | $34.3B | +2% | 25.2% |
| T AT&T | Q3 2026 | $32.3B | +5% | 12.7% |
| LUMN Lumen Technologies | Q3 2026 | $2.7B | -12% | -6.2% |
| UNIT Uniti Group | Q2 2026 | $910M | +202% | 3.5% |
| IDT IDT | Q4 FY26 | $339M | +7% | 9.8% |
| TDS Telephone & Data Systems | Q3 2026 | $307M | -0.6% | -9.8% |
| ATNI ATN International | Q3 2026 | $183M | 0% | 7.1% |
| SHEN Shenandoah Telecommunications | Q3 2026 | $93.9M | +5% | -2.1% |
Source: iQSTEL 10-Q on SEC EDGAR · CIK 1527702 · Telephone Communications (No Radiotelephone)
13F: who owns IQST and who is buying
More on IQST
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results