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How iQSTEL (IQST) makes money

iQSTEL (IQST) made $109M of revenue in the second quarter 2026 (Q2 2026), +45% from a year earlier. U S A brought in $73.5M (68%); United Kingdom brought in $35.1M (32%).

Drawing the Sankey…

iQSTEL revenue by segment, Q2 2026iQSTEL revenue by segment, Q2 2026U S A$73.5MUnited Kingdom$35.1M
iQSTEL: revenue by line, Q4 2025 to Q2 2026iQSTEL: revenue by line, Q4 2025 to Q2 2026U S AUnited KingdomCorporate SegmentU S A: $73.5M latest$73.5MUnited Kingdom: $35.1M latest$35.1MCorporate Segment: $0 latestQ4 2025Q1 2026Q2 2026
U S A went from 63% of revenue in Q4 2025 to 68% in Q2 2026, the largest shift in the mix.
iQSTEL revenue by quarteriQSTEL revenue by quarter$98.9MQ4 2024$57.6MQ1 2025$72.2MQ2 2025$103MQ3 2025$84.2MQ4 2025$97.9MQ1 2026$109MQ2 2026
iQSTEL: where each dollar of revenue goesiQSTEL: where each dollar of revenue goesIncome tax0¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
U S A$73.5M67.7%+7%+85%
United Kingdom$35.1M32.3%+20%+0.1%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$109M100.0%
Income tax$62K0.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$109M+51%
Q1 2026$97.9M+70%
Q4 2025$84.2M-15%
Q3 2025$103M+90%
Q2 2025$72.2M-8%
Q1 2025$57.6M+12%
Q4 2024$98.9M+109%

From iQSTEL's 10-Q filed Aug 18, 2026 (on EDGAR).

Questions

How does iQSTEL make money?

iQSTEL (IQST) made $109M of revenue in the second quarter 2026 (Q2 2026), +45% from a year earlier. U S A brought in $73.5M (68%); United Kingdom brought in $35.1M (32%).

What is iQSTEL's biggest business?

U S A: $73.5M in the second quarter 2026, 68% of revenue, +85% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.