iQSTEL Inc

Listed Company

IQSTCIK 0001527702NasdaqNon-AcceleratedSmaller ReportingTelephone Communications (No Radiotelephone)NevadaFY ends Dec 31

Period

FY 2025

Revenue

$316.90M

Net Income

$-8.51M

Total Assets

—

Equity

—

Shares Out

6.74M

Op. Cash Flow

$-3.84M

Business

iQSTEL Inc is a technology company operating across telecommunications, electric vehicles, fintech, and AI-enhanced metaverse industries. It offers international voice and SMS termination, fiber-optic connectivity, VoIP, IoT devices (SmartGas, SmartTank), a fintech ecosystem with debit card, US bank account and mobile wallet, electric motorcycles and mid-speed EV development, a blockchain mobile number portability solution, and a white-label AI metaverse platform. The company’s operations are organized into Telecom, Fintech, EV, Metaverse and Blockchain business divisions supported by multiple subsidiaries. Its services are distributed globally through carrier interconnections, wholesale and retail channels, mobile apps, and corporate white-label solutions with offices across the Americas, Europe, the Middle East and Asia.

Summary from filing dated 2025-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	317	283	145	93	65
Cost of revenue	307	275	140	91	63
Gross profit	9	8	5	2	2
General and administration	12	9	5	5	5
Impairment loss of goodwill	2	—	—	—	—
Total operating expenses	14	9	5	5	5
Operating loss	−4	−834,064	−315,503	−3	−3
Other income	118,833	94,974	8,403	118,871	4,426
Other expenses	−199,523	−12,360	−199,276	−112,962	2,684
Interest expense	−2	−2	−94,908	−29,641	−675,481
Change in fair value of derivative liabilities	—	−1	381,848	−3	317,080
Loss on settlement of debt	−2	−482,085	—	—	—
Loss on settlement of salary payable	−216,981	—	—	—	—
Total other expense	−4	−4	96,067	−3	−880,085
Net loss before provision for income taxes	−8	−5	−219,436	−6	−4
Income taxes	−121,705	−394,030	—	—	—
Net loss	−9	−5	−763,258	−6	−4
Less: Net income attributable to noncontrolling interests	653,717	811,531	543,822	101,713	−26,228
Net loss attributed to IQSTEL Inc.	−9	−6	—	—	—
Dividend on Series B Preferred Stock	−624,486	−627,710	−816,480	—	—
Undeclared dividend on Series D Preferred Stock	−70,570	—	—	—	—
Net loss attributed to stockholders of IQSTEL Inc.	−10	−7	−2	−6	—
Foreign currency adjustment	—	—	16,112	6,080	74,849
Total loss	−9	−5	−203,324	−6	−4
Less: Comprehensive income attributable to noncontrolling interests	653,717	811,531	551,717	104,692	10,448
Net comprehensive loss attributed to IQSTEL Inc.	−9	−6	−755,041	−6	−4
Basic and diluted loss per common share	−2.86	−2.86	−0.01	−0.04	—
Weighted average number of common shares outstanding - Basic and diluted	3	2	167	152	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	2	3	1	1	3
Accounts receivable, net	30	57	13	4	3
Inventory	30,658	30,658	27,121	26,124	—
Due from related parties	639,519	630,715	340,515	326,324	—
Prepaid and other current assets	3	3	1	545,628	267,110
Total Current Assets	36	63	16	6	7
Property and equipment, net	615,048	561,802	522,997	401,021	—
Intangible asset, net	7	7	99,592	99,592	99,592
Goodwill	6	7	5	5	2
Deferred tax assets	459,472	243,108	426,755	440,135	—
Other assets	1	999,083	214,991	—	—
TOTAL ASSETS	51	79	22	13	9
Accounts payable	9	2	3	2	1
Accrued and other current liabilities	19	56	10	2	307,049
Contract liabilities	1	—	—	—	—
Due to related parties	65,829	26,613	26,613	26,613	—
Loans payable - net of discount of $127,170 and $62,898, respectively	4	2	264,988	94,342	—
Loans payable - related parties	125,409	720,485	259,447	235,949	—
Convertible notes - net of discount of $0 and $138,654, respectively	—	2	330,032	—	—
Contingent liability for acquisition of subsidiary	285,175	1	—	—	—
Stock payable for acquisition of subsidiary	500,000	—	—	—	—
Total Current Liabilities	35	64	14	6	2
Convertible notes - net of discount of $0 and $210,296	—	3	—	—	—
Loans payable, non-current	31,302	—	99,099	108,150	119,295
Employee benefits, non-current	169,599	274,353	169,738	154,238	156,434
TOTAL LIABILITIES	35	67	14	7	3
Common stock: 26,000,000 authorized; $0.001 par value 4,668,017 and 2,537,209 shares issued and outstanding, respectively	4,668	2,537	172,130	161,595	147,477
Additional paid in capital	54	40	34	31	26
Accumulated deficit	−43	−33	−26	−25	−19
Accumulated other comprehensive loss	−25,340	−25,340	−25,340	−33,557	−36,658
Equity attributed to stockholders of IQSTEL Inc.	11	7	8	6	6
Equity attributable to noncontrolling interests	5	5	−377,710	−924,377	−996,013
TOTAL STOCKHOLDERS' EQUITY	16	12	8	7	7
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	51	79	22	13	9

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock based compensation	305,013	223,219	42,890	126,500	1
Bad debt expense	6,397	1,991	—	—	—
Depreciation and amortization	627,667	499,535	128,737	120,117	91,474
Impairment loss	2	—	—	—	—
Amortization of debt discount	458,610	1	38,758	7,407	450,771
Change in fair value of derivative liabilities	—	1	−381,848	3	−317,080
Deferred income tax (benefit) expense	−216,364	138,808	53,568	—	—
Accounts receivable	38	−56	−8	−799,533	−39,862
Inventory	—	−3,537	−997	−26,124	—
Prepaid and other assets	−282,574	−1	−1	−23,728	−91,066
Due from related parties	—	−20,000	93,264	96,863	—
Accounts payable	2	4	1	−265,511	−1
Accrued and other current liabilities	−41	51	7	2	−95,758
Net cash used in operating activities	−4	−3	−1	−2	−3
Acquisitions of subsidiary, net of cash received	−70,469	−3	—	—	—
Purchase of property and equipment	−113,020	−151,620	−220,045	−112,074	−153,183
Payment of loan receivable - related party	−56,162	−89,832	−192,154	−1,000	−220,674
Collection of amounts due from related parties	—	33,602	79,649	700	226
Net cash used in investing activities	−239,651	−3	−332,550	−2	−511,348
Proceeds from loans payable	7	2	375,000	—	600,000
Repayments of loans payable	−30,825	−2	−18,559	−232,018	−344,483
Repayments of note payable issued for acquisition of subsidiary	−2	—	—	—	—
Proceeds from loans payable - related parties	—	1	—	—	—
Repayment of loans payable - related parties	−568,754	−538,961	—	—	−90,787
Proceeds from common stock payable	—	100,000	—	—	—
Proceeds from exercise of warrants	—	1	1	400,000	—
Proceeds from common stock issued	—	100,000	—	1	6
Proceeds from convertible notes	987,500	6	250,000	—	—
Repayment of convertible notes	−1	−781,285	−172,476	—	250,000
Dividend paid to non-controlling interest	−284,127	—	—	—	—
Net cash provided by financing activities	4	7	2	2	6
Effect of exchange rate changes on cash	—	—	15,665	−6,840	—
Net change in cash	−354,998	1	33,279	−2	3
Cash paid for interest	534,163	879,783	45,282	3,333	126,818
Series B Preferred stock issued as dividend	624,486	627,710	816,480	—	—
Series B Preferred stock issued for settlement of salary payable	848,480	—	—	—	—
Series D Preferred stock issued for settlement of debt	5	—	—	—	—
Common stock issued for settlement of debt	2	279,660	—	—	—
Common stock issued in connection with convertible notes	—	597,777	—	—	—
Common stock issued for modification of debts	—	600,034	—	—	—
Cashless warrant exercised	—	1,814	—	—	—
Common stock issued for conversion of preferred stock	475	4,502	—	—	—
Common stock issued for common stock payable	4	—	—	—	—
Common stock dividend	500,000	—	—	—	—
Note payable issued for acquisition of subsidiary	1	2	—	—	—
Contingent liability for acquisition of subsidiary	285,175	1	—	—	—
Stock payable for acquisition of subsidiary	500,000	—	—	—	—
Purchase of vehicle with financing loan and a related party advance	86,643	—	—	—	—
Stock split adjustment	75	—	—	—	—

Filings

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