IQSTEL Q1 Revenue Jumps 69.9% to $97.9M as Digital Services Roll Out
IQST•IQSTEL delivered Q1 2026 revenue of $97.9 million, up 69.9% year-over-year, achieved near-breakeven adjusted EBITDA and reaffirmed a $430 million revenue target for 2026. The company launched high-margin AI, cybersecurity, fintech and digital health services targeting margins above 25% and expanded through GlobeTopper, adding $13 million in quarterly revenue.
1. Q1 Financial Results
IQSTEL reported consolidated Q1 2026 revenue of $97.9 million, a 69.9% increase versus last year. Gross profit exceeded $2.0 million, the operating subsidiaries delivered positive adjusted EBITDA, and consolidated adjusted EBITDA reached near-breakeven levels.
2. Strategic Digital Services Launch
Management announced the commercial launch of high-margin digital offerings, including AI-driven enterprise solutions, cybersecurity services, fintech products and digital health platforms. These services target gross margins above 25%, with AI services aiming near 40%.
3. GlobeTopper Integration
The GlobeTopper acquisition contributed $13 million in Q1 revenue and reinforced service diversification into fintech, representing 42% of consolidated gross profit. Integration milestones demonstrate scalable cross-selling opportunities within IQSTEL’s global carrier network.
4. 2026 Outlook and Targets
IQSTEL reaffirmed its $430 million revenue goal for fiscal 2026 and reiterated its longer-term ambition to reach $1 billion annually. Management highlighted its global commercial platform of 600+ carrier relationships and operations in 21 countries as the foundation for accelerated digital monetization.
