---
schema_version: "secwatch.filing_event.v1"
accession: "0001663577-25-000351"
form_type: "8-K"
ticker: "IQST"
cik: "0001527702"
company_name: "iQSTEL Inc"
filed_at: "2025-12-11T23:59:59+00:00"
generated_at: "2026-05-16T13:29:43.630751+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# IQSTEL Q3 2025 revenue $102.8M (+42% QoQ); targets $1B revenue by 2027

## Summary
- Q3 2025 revenue $102.8M (+42% QoQ); 9-month $232.6M (+26% YoY); on track for FY 2025 $340M.
- Adjusted EBITDA Q3 2025 $683K; run rate $2.73M; targeting $15M run rate by 2026.
- No dilutive debt, no convertible notes, no warrants; shares outstanding 3.83M; equity $17.8M.
- Two strategic acquisitions (Africa, digital services) with non-binding MOUs signed; final negotiations.
- Targeting $1B revenue run rate by 2027; Litchfield Hills Research price target $18 per share.

## SEC filing metadata
- accession: 0001663577-25-000351
- form_type: 8-K
- ticker: IQST
- cik: 0001527702
- company_name: iQSTEL Inc
- filed_at: 2025-12-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527702/000166357725000351/0001663577-25-000351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527702/000166357725000351/iqst8k121125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001663577-25-000351
- JSON: https://secwatch.observer/filing/0001663577-25-000351.json
- Plain text: https://secwatch.observer/filing/0001663577-25-000351.txt

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