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IQSTEL H1 revenue hits $128.8mln, reaches $400mln run rate in Q3.
ByAinvest
Thursday, Jul 17, 2025 8:48 am ET1min read
• IQSTEL reports H1 revenue of $128.8 million. • June revenue hits $27.3 million, up from May's $23.7 million. • Acquired Globetopper adds $5-6 million/month in revenue. • IQSTEL expects $400 million run rate in Q3, ahead of plan. • Company targets $1 billion revenue by 2027.
IQSTEL Inc. (NASDAQ: IQST) has announced preliminary unaudited revenue of $128.8 million for the first half of 2025 (H1), marking a significant milestone in the company's growth trajectory. The company's June revenue reached $27.3 million, up from May's $23.7 million, highlighting accelerating commercial momentum across its global telecom and tech operations [1].The company's recent acquisition of Globetopper is expected to contribute an additional $5 million to $6 million per month in revenue starting July 2025. This acquisition is set to boost IQSTEL's revenue significantly, with the company anticipating a $400 million annualized revenue run rate in Q3 2025, ahead of schedule [1].
IQSTEL's CEO, Leandro Iglesias, expressed optimism about the company's performance, stating, "We're pleased with the strong performance in the first half and even more enthusiastic about what lies ahead." The company expects to reach its $340 million revenue forecast for 2025, reinforcing its trajectory toward becoming a $1 billion tech-driven enterprise by 2027 [2].
The company's strategy to expand its portfolio with high-tech, high-margin products, such as the recently launched IQ2Call.ai, is designed to drive top-line growth and boost Net Income and Adjusted EBITDA. This focus is part of IQSTEL's transformation from a traditional telecom operator into a technology-driven, high-performance enterprise [2].
IQSTEL continues to execute its growth plan through a combination of organic expansion, strategic acquisitions, and AI-powered service offerings, strengthening its global position as a next-generation telecom and tech powerhouse [2].
References:
[1] https://www.stocktitan.net/news/IQST/iqst-iqstel-reports-128-8-million-in-preliminary-revenue-for-first-ftxfeab2krx2.html
[2] https://www.prnewswire.com/news-releases/iqst---iqstel-reports-128-8-million-in-preliminary-revenue-for-first-half-of-2025--302507432.html
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