IQST · iQSTEL Inc
Substantial doubt about the company's ability to continue as a going concern.
“These conditions, including our recurring losses from operations, and negative operating cash flows, raise substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Aug 18, 2026
20 customers — 85% of revenue (the three months ended March 31, 2026)
“During the three months ended March 31, 2026, we had 20 customers representing 85% of our revenue compared to 19 customers representing 86% of our revenue for the three months ended March 31, 2025.”
23 customers — 80% of receivables (March 31, 2026)
“As of March 31, 2026, approximately 80% of total accounts receivable was concentrated among the Company’s top 23 customers, compared with the same percentage concentrated among 17 customers as of December 31, 2025.”
12 customers — 58% of receivables (March 31, 2026)
“In each such period, 12 of these customers were repeat customers and accounted for 58% and 75% of total accounts receivable as of March 31, 2026 and December 31, 2025, respectively.”
One customer — 20.3% of receivables (March 31, 2026)
“The largest customer represented 20.33% of total accounts receivable as of March 31, 2026, compared with 15.06% as of December 31, 2025.”
Price & Indicators
Raw chart and full-history price indicators begin at the captured split on Dec 15, 2025; bars on opposite sides are not compared.
The closing range begins at the captured split on Dec 15, 2025.
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Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | -$1,730,373 | the three months ended June 30, 2026 filing | — |
| Organic growth | 65% | the three months ended June 30, 2026 filing | — |
| Countries of operation | 21 | as of July 16, 2026 | — |
| Telecommunication Carrier Interconnections | 600 | as of July 16, 2026 | — |
| year-over-year revenue growth (preliminary H1 2026) | 59% | first half of 2026 | — |
| end users accessed through customers | 2.3B | full year 2025 | — |
| Fintech division revenue | $27.9M | FY 2025 | — |
| gross margin | 3.46% | full year 2025 | — |
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| revenue run rate | $400M | full year 2025 | — |
| SMS traffic | 17.4B | FY2025 | +25.2% |
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| working capital | $1.56M | full year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Telecom Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
IQST
this stock
iQSTEL Inc
|
$10.67M | -66.5% | +11.9% | — | 4.9% |
|
VZ
Verizon Communications Inc
|
$208.15B | +22.8% | +2.5% | 13.0 | 1.8% |
|
TMUS
T-Mobile US, Inc.
|
$194.55B | -11.1% | +8.3% | 19.0 | 1.6% |
|
SFTBF
Softbank Group Corp.
|
$179.52B | +16.1% | — | — | 0.3% |
|
T
At&T Inc.
|
$178.23B | +4.2% | +2.7% | 8.6 | 1.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
Raw-price comparisons begin at the captured split on Dec 15, 2025; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| IQST | +2.4% | -10.4% | -48.4% | -6.1% | -66.5% |
| SPY | +0.5% | +1.2% | +13.3% | +2.7% | +12.5% |
| vs SPY | +2.0% | -11.7% | -61.6% | -8.8% | -78.9% |