Iqstel Q1 FY26 net loss widens to $1.39 million; revenue rises 70% to $97.92 million

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  • Iqstel posted a net loss of USD 1.39 million, widening from USD 1.14 million a year earlier, as revenue rose 70% to USD 97.92 million.
  • Operating loss widened to USD 958,009 from USD 604,226, while gross profit increased 8% to USD 2.08 million.
  • Operating expenses climbed to USD 3.04 million from USD 2.54 million, driven mainly by higher technology spending tied to a switching-platform deployment and upgrade.
  • Interest expense fell to USD 350,998 from USD 531,726, though the filing said a significant portion of 2026 interest was tied to acquisition financing for GlobeTopper.
  • GlobeTopper contributed USD 12.99 million of revenue, representing 13% of the total, while the company cited a reduction in intercompany transactions as traffic shifted toward third parties.


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