For the year ending 2025-12-31, IQST made $316,899,498 in revenue. -$8,510,266 in net income. Net profit margin of -2.69%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Revenues | 316,899,498 | 283,220,442 | ||
| Cost of revenue | 307,442,244 | 274,948,693 | ||
| Gross profit | 9,457,254 | 8,271,749 | ||
| General and administration | 11,540,712 | 9,105,813 | ||
| Impairment loss of goodwill | 2,168,552 | - | ||
| Total operating expenses | 13,709,264 | 9,105,813 | ||
| Operating loss | -4,252,010 | -834,064 | ||
| Other income | 118,833 | 94,974 | ||
| Other expenses | -199,523 | -12,360 | ||
| Interest expense | 1,614,399 | 2,159,425 | ||
| Loss on settlement of debt | -2,224,481 | -482,085 | ||
| Change in fair value of derivative liabilities | - | -1,393,046 | ||
| Loss on settlement of salary payable | -216,981 | - | ||
| Total other expense | -4,136,551 | -3,951,942 | ||
| Net loss before provision for income taxes | -8,388,561 | -4,786,006 | ||
| Income taxes | 121,705 | 394,030 | ||
| Net loss | -8,510,266 | -5,180,036 | ||
| Diluted EPS | -2.86 | -0.04 | ||
iQSTEL Inc (IQST)
iQSTEL Inc (IQST)