IQSTEL Inc. reported net revenue of $102.8 million for the third quarter of 2025, a 42% increase from the $72.1 million earned in the second quarter. Total gross revenue reached $118.5 million, including $15.7 million of intercompany sales, and year‑to‑date revenue climbed to $232.8 million. The company’s sequential growth is driven by a stronger mix of high‑margin AI and digital services, which offset modest headwinds in legacy telecom operations.
Gross revenue growth was supported by a 15% rise in telecom‑related revenue, largely from expanded network capacity in the U.S. and Canada, and a 25% increase in fintech revenue following the integration of Globetopper, which added a new payment‑processing platform. The company remains debt‑free, with no convertible notes or warrants outstanding, and it confirmed a $400 million revenue run‑rate based on the current mix of 80% telecom and 20% fintech.
Management reiterated a full‑year 2025 revenue forecast of $340 million and projected 2026 organic revenue of $430 million, underscoring confidence in continued momentum from AI‑driven services. The guidance reflects expectations of sustained demand for high‑margin digital solutions and the scalability of the company’s diversified business model.
CEO Leandro Iglesias said, “Our third‑quarter performance underscores the scalability and strength of our diversified business model. We continue to deliver organic growth while leveraging synergies between our subsidiaries, creating a powerful ecosystem of connectivity, proprietary AI, and digital services.” The statement highlights the company’s focus on cross‑segment synergies and the strategic importance of AI in driving future revenue.
The results reinforce IQSTEL’s transition from a wholesale telecom carrier to a connectivity and AI technology company. With a clean balance sheet and a clear path to a $1 billion annual revenue target by 2027, the company is positioned to accelerate growth in high‑margin AI and fintech offerings, while maintaining disciplined cost management. No analyst consensus estimates or market reaction data were available, so the article focuses on the company’s financial performance and strategic outlook.
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