---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-25-000181"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2025-06-03T23:59:59+00:00"
generated_at: "2026-05-20T01:30:41.767687+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IQSTEL closes GlobeTopper 51% acquisition; Q1 rev $57.6M, net income $0.25M

## Summary
- Q1 2025 revenue $57.6M (+12% YoY); gross profit $1.93M (+40% YoY); gross margin 3.36% vs 2.68%.
- Closed acquisition of 51% of fintech GlobeTopper on May 29, 2025; Craig Span stays as CEO.
- Signed MOU to sell ItsBchain to ASII; $500K worth of ASII shares to be distributed to IQST shareholders.
- FY 2025 revenue forecast $340M; year-end run rate target $400M; on track for $1B by 2027.
- Plans up to $1.2M investment over 2 years to scale GlobeTopper's tech, market expansion, and cross-selling.

## SEC filing metadata
- accession: 0001663577-25-000181
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2025-06-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357725000181/0001663577-25-000181-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357725000181/iqst8k060325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-25-000181
- JSON: https://secwatch.observer/filing/0001663577-25-000181.json
- Plain text: https://secwatch.observer/filing/0001663577-25-000181.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.