NASDAQ: IQST
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A NASDAQ-listed B2B Telecom and Digital Distribution Platform

Positioned for EBITDA expansion through high-margin digital services and built on relationships with 600 of the world's largest telecom operators.

Download investor presentation (Oct 2026) Talk to Investor Relations
Revenue run rate · July 2026 $37.5M July net revenue
$450M
$207M
1H 2026 revenue
$430M
2026 forecast
$1B
2027 target

Investment highlights

$450M
Revenue run rate, July 2026
$2.7M+
Adjusted EBITDA, Telecom + Digital Services
600
Of the largest telecom operators are customers
2.3B
End users reached through our customers
24
Countries served across 4 continents
12.5%
Share of revenue from IQSTEL Digital
Clean capital structure No convertible notes No warrants EBITDA-positive base

$207M first-half revenue equals $20.59 per share and $41.18 annualized

Management is focused on per-share value. Key per-share metrics for the first half of 2026.

Annualized revenue is first-half revenue times two.

Metric Total Per share
Revenue, first half$207.0M$20.59
Revenue, annualized$414.0M$41.18
Assets$48.2M$4.79
Stockholders' equity$17.2M$1.71

The distribution infrastructure for digital innovation is already built

Distribution rails built with 600 telecom operators since 2008 and a ready-made commercialization engine for high-margin services.

B2B relationships

Long-standing ties with tier-1 operators in every major region.

Technical integration

Live links to operator networks, signaling stacks and carrier-grade systems.

Billing connectivity

Embedded in customer billing and settlement workflows, end to end.

Credit relations

Commercial credit lines earned over years of high-volume trade.

B2B sales expertise

Institutional know-how in selling complex services worldwide.

Distribution reach

Access to about 2.3 billion end users through customer networks.

Two engines, one platform

Wholesale telecom built the reach. Digital services monetize it.

FoundationIQSTEL Telecom
  • International voice
  • SMS / A2P messaging
  • International fiber-optic
  • Contact center solutions
  • Connectivity solutions
Wholesale margin - global operator reachQxtel - Etelix - SwissLink - QGlobal SMS - Whisl - SmartBiz - IoT Labs
MonetizationIQSTEL Digital
  • Digital content
  • Fintech
  • AI telecom services
  • Cybersecurity
Premium margin - 12.5% of revenue todayGlobeTopper - IQSTEL Digital - Reality Border - Cycurion (partner)

Revenue grew from $14M in 2018 to $317M in 2025, management targets $1B in 2027

17.4B
SMS messages carried
4.5B
Voice minutes carried
$4.8M
Gross profit
Next phase: EBITDA expansion

Organic growth, one acquisition and the development of Digital Services target a $15M EBITDA run rate, up from $2.7M today

$2.7M
$4M
$9M
$15M
TodayOrganicAcquisitionDigital Services
Adjusted EBITDA run rate. Milestones are management targets.

High-margin growth drivers

Digital Content Fintech Scaling Artificial Intelligence Cybersecurity Services

Sector peers typically trade at 10× to 20× EBITDA.

Strategy: from telecom provider to multi-vertical technology platform

  1. 01Monetize the global customer base
  2. 02Expand high-margin service offerings
  3. 03Increase ARPU across all divisions
  4. 04Drive EBITDA and net income growth

12 M&A transactions since 2018 added fintech, AI and cybersecurity to the telecom core

  1. 2018Etelix
  2. 2019SwissLink
  3. 2020ItsBchainIoT LabsQGlobal SMSGlobal Money One
  4. 2022WhislSmartBiz Telecom
  5. 2023Reality Border
  6. 2024Qxtel
  7. 2025GlobeTopperCycurion (partnership)
Telecom Digital services (fintech, AI, cybersecurity)

A clean capital structure, held by institutions including Vanguard, UBS and State Street

No convertible notes

No dilution from note conversions

No warrants

No overhang from outstanding warrants

Shareholder alignment

Management focused on per-share value

Financial discipline

Expansion funded by an EBITDA-positive base

Institutional holders

  • Vanguard Group
  • UBS Group
  • State Street
  • Citigroup
  • Wells Fargo
  • Northern Trust
  • Geode Capital
  • Virtu Financial
  • StoneX Group
  • Tower Research
  • CIBC Private Wealth
  • Osaic Holdings

Source: NASDAQ institutional holdings data.

“We didn't set out to build another telecom. We built the distribution rails for the next decade of digital innovation and we own every inch of them.”
Leandro IglesiasPresident & CEO, IQSTEL Inc.

Latest news

All press releases
Oct 8, 2026IQSTEL advances microdrama commercialization with outreach to seven mobile operators serving approximately 93 million subscribers Oct 1, 2026IQSTEL announces Edison initiation of coverage with $6 per share valuation, forecasting positive adjusted EBITDA and free cash flow Sep 22, 2026IQSTEL reaches $450 million annualized revenue run rate based on $37.5 million in July net revenue

Investor resources

Investor presentationOctober 2026 · PDF SEC filings10-K, 10-Q and 8-K disclosures Quarterly earningsReleases and management commentary Analyst coverageResearch and ratings from firms covering IQST

Connect with our founders and IR team

For institutional investment, shareholder information or corporate strategy inquiries.

Leandro Jose IglesiasCEO & Chairman of the Board
Alvaro Quintana CardonaCFO & Secretary of the Board
Investor RelationsEthan Walfish
Contact investors@iqstel.com
300 Aragon Avenue, Suite 375, Coral Gables, FL 33134 +1 4848-IQSTEL (477835)
www.iqstel.com www.ir.iqstel.com www.iqsteldigital.com www.iqsteltelecom.com