iQSTEL Inc. (IQST) reported a second-quarter loss of $0.23 per share for Q2 2026, exceeding the expected loss of $0.11 per share by 109%, according to an earnings call transcript. Revenue for the quarter totaled $106.05 million, aligning with Wall Street estimates, while the company’s first-half revenue reached approximately $207 million, up 59% from the prior-year period.
The firm’s net loss widened compared with the same quarter a year earlier, though management highlighted sequential improvements in operational metrics. Gross profit for the first half of 2026 rose 26% year-over-year to about $4.8 million, while operating subsidiary EBITDA increased to more than $700,000 in Q2 2026 from roughly $190,000 in Q1 2026. Adjusted EBITDA is tracking toward a $2.7 million run rate, with management anticipating a 20% increase from consolidation gains and a further jump to $8 million–$9 million following the pending acquisition of Ultranet in Q3 2026.
Digital services, including fintech and AI-powered communications, now represent approximately 12.5% of total revenue, reflecting the company’s strategic shift from a holding-company model to an integrated structure aimed at improving margins. iQSTEL’s network spans more than 600 telecom operator relationships, with potential commercial reach to roughly 2.3 billion end users.
On a balance-sheet basis, stockholders’ equity stood at $17.2 million as of June 30, 2026, up about 5% during the period, while total assets reached $48.2 million and total liabilities were $31 million. The company has no outstanding convertible notes or warrants, indicating a clean capital structure.
Shares of iQSTEL fell 5.74% to $1.15 in early trading after the results, extending a multi-quarter decline that has seen the stock drop 81% over the past year and 58% year-to-date. The company’s market capitalization remains below its reported equity value, with management noting that execution—not valuation—is the priority.
