Filing Flows › iQSTEL (IQST) › Q1 2026
iQSTEL (IQST) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 20, 2026
iQSTEL (IQST) reported revenue of $97.9M for the first quarter 2026 (Q1 2026), +70% from a year earlier and +16% from the quarter before. Operating margin was -1.0%, net loss $1.4M (1.4% of revenue).
iQSTEL, Q1 2026: revenue $97.9M (+70% year over year), operating margin -1.0%, net loss $1.4M, operating cash flow −$175K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $97.9M | +16% | +70% |
| Operating profit | −$958K | — | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | −$175K | — | — |
What changed
Revenue was $97.9M in Q1 2026, up 70% year over year and up 16% from the previous quarter. U S A was the largest line at 70% of revenue. U S A added $29.9M year over year (up 77%), 74% of the total change. United Kingdom declined 6%.
Gross margin was 2.1%, down 1.2 points from Q1 2025. Operating costs exceeded revenue by $1.0M, an operating margin of -1.0%. Operating expenses grew 20% against revenue growth of 70%. The quarter ended with a net loss of $1.4M, narrower than the previous quarter's $2.7M loss.
Operating cash flow was −$175K. Non-cash charges added back $173K of depreciation and amortization and $5K of share-based compensation. Working capital and other items added $1.0M. Capital expenditures of $1K exceeded it, leaving free cash flow of −$177K.
Questions
What was iQSTEL's revenue in the first quarter 2026?
iQSTEL (IQST) reported revenue of $97.9M for the first quarter 2026 (Q1 2026), +70% from a year earlier and +16% from the quarter before.
Was iQSTEL profitable in the first quarter 2026?
Operating loss was $958K (-1.0% of revenue) and net loss $1.4M.
Source: iQSTEL 10-Q on SEC EDGAR.