iQSTEL (IQST) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue rose 70% year-over-year to $97.9 million, driven by organic growth, GlobeTopper integration, and strong execution across all business lines.

• The company is transforming from a telecom operator to a global digital services distribution platform, leveraging relationships with over 600 telecom operators and reaching 2.3 billion end users in 21 countries.

• Strategic focus is on monetizing high-margin digital services, including AI, fintech, cybersecurity, and digital health, with early commercial validation through partnerships.

• Entered the digital health market and launched a dedicated subsidiary to accelerate commercialization of digital offerings.

• Adjusted EBITDA was slightly negative, reflecting ongoing investments and integration costs.

Financial highlights

• Revenue reached $97.9 million in Q1 2026, up from $57.6 million in Q1 2025, a 70% increase.

• Gross profit rose to $2.08 million, up 7.8% year-over-year.

• Net loss widened to $1.39 million due to higher interest and operating expenses.

• GlobeTopper contributed $13 million in revenue and $829,000 in gross profit, representing 42% of consolidated gross profit.

• Net stockholder equity increased to $14.3 million, up 69.9% year-over-year.

Outlook and guidance

• The company reaffirms its $430 million revenue target for FY 2026 and targets $1 billion in annual revenue by 2027.

• Management expects high-margin digital services to drive significant improvements in EBITDA and profitability.

• Focus remains on operational efficiency, cost control, and leveraging synergies among subsidiaries.

• Company plans to seek additional funding through equity and debt to support liquidity.