iQSTEL

IQSTEL (IQST) reported record Q3 2025 revenue of $102.8M, a 90% YoY increase. Nine-month revenue reached $232.6M (+26% YoY). Strategic moves include acquiring 51% of Globetopper and launching AI call center services. While reaffirming 2025 revenue guidance of $340M, the adjusted EBITDA was $683,189. Concerns remain regarding the gap between revenue and EBITDA run rates. The Company forecasts $430M organic revenue for 2026. IQST’s expansion and AI investments demonstrate robust growth, but profitability challenges warrant attention.

IQSTEL Inc. announced an agreement to acquire a 51% stake in fintech innovator GlobeTopper, aiming to expand its global footprint and reach a $1 billion revenue goal by 2027. The acquisition, valued up to $700,000, will leverage GlobeTopper’s projected $65 million in 2025 revenue and existing client base across the Americas, Europe, and Africa, integrating its operations in the IQSTEL’s Fintech Division.