IQSTEL Targets $15 Million EBITDA Run Rate by 2026 Amid Global Expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
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Should l Buy IQST?
Source: Benzinga
- Profitability Target: IQSTEL aims to achieve a $15 million adjusted EBITDA run rate by 2026, a milestone that will pave the way for the company to reach a $1 billion revenue run rate by 2027, indicating a significant enhancement in its profitability.
- Global Expansion: The company plans to expand its telecom licenses into at least three new countries in 2026 and complete acquisitions of several strategic telecom subsidiaries, which is expected to extend its commercial footprint to approximately 30 countries, thereby enhancing its competitiveness in the global market.
- Cost Consolidation: IQSTEL will migrate most of its telecom subsidiaries to a unified technological platform, which is anticipated to significantly reduce operating costs and improve scalability, providing support for future business growth.
- Shareholder Engagement: IQSTEL plans to enhance shareholder interaction through quarterly live earnings calls, aiming to increase institutional and long-term holdings from 5% to 10%, thereby boosting shareholder confidence and attracting more investment.
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Analyst Views on IQST
About IQST
IQSTEL Inc. is a multinational technology company offering cutting-edge solutions in telecom, fintech, blockchain, artificial intelligence (AI), and cybersecurity. The Company offers services through its four business divisions in the telecommunications, electric vehicle (EV), fintech, and AI-enhanced metaverse industries. The Telecom Division offers Internet protocol (VoIP), short message service (SMS), proprietary Internet of Things (IoT) solutions (www.iotsmartgas.com and www.iotsmarttank.com), and international fiber-optic connectivity. The Company’s developing Fintech Business Line offers a complete Fintech ecosystem MasterCard Debit Card, US Bank Account (No SSN Needed), Mobile App/Wallet (Remittances, Mobile Top Up). Its EV Business Line offers electric motorcycles for work and recreational use in the United States, Spain, Portugal, Panama, Colombia, and Venezuela. Its AI-Enhanced Metaverse Division offers a full suite of immersive content services.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Revenue Growth Outlook: IQSTEL announced preliminary revenue of approximately $317 million for FY 2025, with a current annual revenue run rate of about $400 million, comprising 80% from telecom and 20% from fintech, indicating the company is at the early stage of its profit inflection point where operational scale begins to translate into EBITDA growth.
- Profitability Expansion Strategy: The company plans to enter the next phase of profitability expansion in 2026, expected to be driven by scaling revenue toward $500 million to $600 million, leveraging operational efficiencies, consolidating minority ownership in key subsidiaries, and pursuing EBITDA-accretive acquisitions.
- EBITDA Projections: IQSTEL currently reports an adjusted EBITDA run rate of approximately $2.7 million, with expectations for this to increase to a run rate of $9 million to $15 million by 2026 as revenue scales, marking the company's anticipated financial inflection point.
- Strategic Acquisition Plans: The company intends to pursue two targeted acquisitions in 2026 to accelerate growth beyond $500 million in revenue while expanding its geographic footprint and technological capabilities, with an expected operating EBITDA run rate of $15 million after completing the second strategic acquisition, potentially implying a valuation range of $150 million to $300 million.
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- Revenue Growth Momentum: IQSTEL's preliminary revenue for FY 2025 is approximately $317 million, continuing a strong multi-year growth trajectory, with projected revenue reaching $500 million to $600 million in 2026, marking the company's entry into a profit inflection phase.
- EBITDA Acceleration: The company currently reports an adjusted EBITDA run rate of about $2.7 million, with expectations to increase EBITDA to between $9 million and $15 million through organic growth and acquisitions, indicating a significant enhancement in profitability.
- Strategic Acquisition Plans: IQSTEL plans to pursue two targeted acquisitions in 2026 to accelerate revenue growth and expand geographic reach and technological capabilities, further solidifying its market position.
- Technology Expansion and Innovation: The company is expanding into AI-driven telecom solutions and cybersecurity services, expecting to generate seven-digit annual revenue by 2027, thereby improving its margin profile and earnings quality.
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- Revenue Guidance Revision: iQSTEL Inc. disclosed a preliminary revenue estimate of approximately $317 million for FY 2025, falling short of its guidance of $340 million, indicating challenges in revenue growth that may affect investor confidence.
- EBITDA Growth Potential: The company currently operates at an annual revenue run rate of around $400 million with an adjusted EBITDA run rate of about $2.7 million, marking what management views as an early stage of a profit inflection point, with expectations for EBITDA to reach between $9 million and $15 million as scale increases.
- Acquisitions and Technology Expansion: iQSTEL plans to pursue two targeted acquisitions to boost revenue beyond $500 million while broadening its geographic footprint and technology capabilities, alongside plans to expand into AI-enabled telecom solutions and cybersecurity services, aiming to enhance overall competitiveness.
- Future Revenue Outlook: The company anticipates that these initiatives will generate seven-digit annual revenue by 2027, improving its margin profile and earnings quality, indicating that its strategic shift towards higher-margin sectors will lay a foundation for future growth.
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- High Shareholder Engagement: At the Annual Shareholders Meeting on January 30, 2026, 7,192,558 shares were represented, corresponding to 76.80% of the voting rights, ensuring a quorum and demonstrating strong shareholder interest and participation in the company's future direction.
- Financial Performance Milestone: IQSTEL surpassed a $400 million annualized revenue run rate in 2025 and reported a $2.7 million adjusted EBITDA, successfully eliminating convertible debt, which significantly strengthened the balance sheet and enhanced shareholder value.
- Strategic Diversification: The company continues to diversify its revenue streams across telecom, fintech, cybersecurity, and artificial intelligence, aiming to achieve over $1 billion in revenue by 2027, showcasing robust growth potential and market competitiveness.
- Enhanced Governance Transparency: In 2026, IQSTEL plans to improve communication and transparency with shareholders by implementing governance measures, including seeking shareholder approval for significant acquisitions, thereby increasing trust and support for the company's strategic initiatives.
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- High Shareholder Engagement: At the Annual Meeting held on January 30, 2026, IQSTEL achieved a shareholder participation rate of 76.80%, with 7,192,558 shares represented, ensuring a quorum for the election of the Board of Directors and financial reporting, reflecting strong shareholder interest and support for the company's future direction.
- Strong Financial Performance: In 2025, IQSTEL surpassed a $400 million annualized revenue run rate and reported a $2.7 million adjusted EBITDA, successfully eliminating convertible debt, which significantly strengthened its financial position and laid a solid foundation for future growth.
- AI Division Growth Potential: Management anticipates that IQSTEL's AI division will become a key growth driver by 2027, targeting seven-figure annual revenue through the launch of production-ready AI services, which will further enhance the company's competitive edge in the market.
- Strategic Acquisition Plans: IQSTEL plans to pursue two to three strategic acquisitions in 2026 aimed at increasing EBITDA and achieving a $15 million EBITDA run rate, with these plans subject to shareholder approval, designed to accelerate the company's profitability and market expansion.
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- Global AI Service Launch: IQSTEL announced it will showcase its AI services at the 2026 Mobile World Congress in Barcelona, marking a significant step in the global rollout of these solutions following initial commercial testing, which is expected to enhance collaboration opportunities with global telecom operators and enterprises.
- Live Demonstrations and Technical Capabilities: Reality Border will present AIRWEB.ai and IQ2CALL.ai at the event, designed to optimize customer communication through intelligent routing and seamless escalation to human agents, which is anticipated to improve customer satisfaction and competitive positioning in the market.
- Market Potential and Customer Feedback: The CEO of IQSTEL noted that the roadshow for its AI products has received positive feedback, generating business leads and identifying potential partnerships, indicating that the company's AI services are rapidly becoming a reference point in the international telecom arena, with future revenue growth expected.
- Strategic Advantage of Security by Design: IQSTEL's AI strategy emphasizes security by design, utilizing Cycurion ARx to protect AI agents, ensuring safe deployment within regulated industries, which addresses the growing market demand for security and further solidifies its market position.
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