Filing Flows › iQSTEL (IQST) › Q3 2025
iQSTEL (IQST) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
iQSTEL (IQST) reported revenue of $103M for the third quarter 2025 (Q3 2025), +90% from a year earlier and +43% from the quarter before. Operating margin was -0.5%, net loss $2.3M (2.3% of revenue).
iQSTEL, Q3 2025: revenue $103M (+90% year over year), operating margin -0.5%, net loss $2.3M, operating cash flow −$953K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $103M | +43% | +90% |
| Operating profit | −$559K | — | — |
| Net earnings | −$2.3M | — | — |
| Operating cash flow | −$953K | -470% | — |
What changed
Revenue was $102.9M in Q3 2025, up 90% year over year and up 43% from the previous quarter.
Gross margin was 2.7%, down 1.1 points from a year earlier. Operating costs exceeded revenue by $559K, an operating margin of -0.5%. Operating expenses grew 59% against revenue growth of 90%. The quarter ended with a net loss of $2.3M, narrower than the previous quarter's $2.3M loss. Net interest and other expense of $1.7M was the main reason.
Operating cash flow was −$1.0M. Non-cash charges added back $162K of depreciation and amortization and $239K of share-based compensation. Working capital and other items added $1.0M. Capital expenditures of $16K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was iQSTEL's revenue in the third quarter 2025?
iQSTEL (IQST) reported revenue of $103M for the third quarter 2025 (Q3 2025), +90% from a year earlier and +43% from the quarter before.
Was iQSTEL profitable in the third quarter 2025?
Operating loss was $559K (-0.5% of revenue) and net loss $2.3M.
Source: iQSTEL 10-Q on SEC EDGAR.