Filing Flows › iQSTEL (IQST) › Q4 2025
iQSTEL (IQST) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Apr 6, 2026
iQSTEL (IQST) reported revenue of $84.2M for the fourth quarter 2025 (Q4 2025), -15% from a year earlier and -18% from the quarter before. Operating margin was -2.9%, net loss $2.7M (3.2% of revenue).
iQSTEL, Q4 2025: revenue $84.2M (-15% year over year), operating margin -2.9%, net loss $2.7M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $84.2M | -18% | -15% |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$2.7M | — | — |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $84.2M in Q4 2025, down 15% year over year and down 18% from the previous quarter. U S A was the largest line at 63% of revenue.
Gross margin was 3.5%, up 0.8 points from Q4 2024. Operating costs exceeded revenue by $2.4M, an operating margin of -2.9%. Operating expenses grew 80% against a revenue fall of 15%. The quarter ended with a net loss of $2.7M, wider than the previous quarter's $2.3M loss.
Operating cash flow was −$1.2M. Non-cash charges added back $178K of depreciation and amortization and $11K of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of $2K exceeded it, leaving free cash flow of −$1.2M.
Questions
What was iQSTEL's revenue in the fourth quarter 2025?
iQSTEL (IQST) reported revenue of $84.2M for the fourth quarter 2025 (Q4 2025), -15% from a year earlier and -18% from the quarter before.
Was iQSTEL profitable in the fourth quarter 2025?
Operating loss was $2.4M (-2.9% of revenue) and net loss $2.7M.
Source: iQSTEL 10-K on SEC EDGAR.