$97.9 Million Q1 Revenue Delivering 69.9% Growth in Transformational Evolution of Company to a Powerful Global Digital Services Leader: IQSTEL, Inc. (Nasdaq: IQST)

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$IQST On Track for $430 Million Revenue Target in Fiscal 2026 with Improved EBITDA via Operating Leverage, Disciplined Execution and Higher-Margin Digital Services

* IQST Delivers Diversified Business with Divisions Focused on Telecommunications, Fintech, Electric Vehicles, Artificial Intelligence and More.

* Partnership with Call Center in U.S. Health Services to Implement Next-Generation AI Solutions Using IQST Proprietary AI Technology.

* Plan Toward $15 Million EBITDA Run Rate in 2026 and $1 Billion Revenue Goal in 2027.

* Fintech Division Accelerates EBITDA Growth with Globetopper Contribution.

* Litchfield Hills Research Issues Recommendation and Detailed Report on IQSTEL (IQST) with $18 Price Target.

* Q1 2026 Revenue of $97.9 Million for Growth of 69.9% with Acceleration of Focus on Global Digital Services Distribution.

* $430 Million Revenue Target for Fiscal 2026 with Stronger EBITDA Performance.

* Expanding Global Commercial Platform to Commercialize AI, Fintech, Cybersecurity, Digital Health and Advanced Digital Services.

* Over 600 of the World's Largest Telecom Operators with Deep Integration Into Billing Systems and Network Operations.

* Presence in 21 Countries Across 4 Continents Commercial Offices in Miami, Caracas, Buenos Aires, London, Istanbul, and Dubai.

* Potential Commercial Reach to Approximately 2.3 Billion End Users Through Partner Networks.

* Adoption of Proprietary AI Agents by Leading European Companies in Partnership with Alhambra IT

* Launch of IQCortex.ai at Mobile World Congress -- New AI Proprietary Platform Redefining Business Operations and Control Through Intelligent Orchestration.

* AI Division Targeted to Generate Seven-Figure Annual Revenue by 2027.

* Debt-Free Nasdaq Company with No Convertible Notes or Warrants.

IQSTEL, Inc. (Nasdaq: IQST) offers cutting-edge solutions in Telecom, Fintech, Blockchain, Artificial Intelligence (AI), and Cybersecurity. Operating in 21 countries, IQST delivers high-value, high-margin services to its extensive global customer base.

IQST has been building a strong business platform with its customers, selling them millions of dollars per month, and by leveraging this trust, the company is now beginning to sell high-tech, high-margin products across its divisions. IQST is strategically positioned to achieve $1 billion in revenue by 2027 through organic growth, acquisitions, and high-margin product expansion.

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IQST has announced that its Fintech Division is positioned to play a key role in achieving the Company's goal of reaching a $15 million EBITDA run rate in 2026.

IQST completed the acquisition of Globetopper on July 1, 2025, and has since been accelerating its growth as part of the Company's strategic roadmap. Globetopper is expected to contribute approximately $16 million in Q3 2025 revenue and deliver $110,000 in EBITDA, making it cash flow positive for the quarter.

IQST plans to leverage its business platform - which already reaches over 600 of the largest telecom operators worldwide - to offer Globetopper's fintech services directly to its telecom customers.

Q1 2026 Revenue of $97.9 Million for Growth of 69.9% with Acceleration of Transformation Into a Global Digital Services Distribution Powerhouse

On May 21st IQST announcedits financial results for the first quarter ended March 31, 2026, highlighting strong revenue growth and a strategic transformation that positions IQST as a powerful global distribution channel for next-generation digital services.

Financial Performance Overview

IQST continued to execute on its growth strategy, expanding its commercial reach and strengthening its position as a platform capable of scaling digital services globally.

Metric

Q1 2026

Q1 2025

Growth

Revenue

$97.9 million

$57.6 million

+69.9%

Gross Profit

$2.08 million

$1.93 million

+7.8%

Gross profit reflects the current IQST revenue mix, while management's strategic focus on expanding higher-margin digital services is expected to progressively improve margin profile, EBITDA generation, and operating leverage over time.

IQST has created a powerful global commercial infrastructure that represents one of its most valuable strategic assets: a trusted distribution platform capable of delivering technology services at scale across the global telecommunications ecosystem.

The IQST platform currently includes:

Over 600 of the world's largest telecom operators, with deep integration into billing systems and network operations, supported by a strong credit history and established financial credibility.

Presence in 21 countries across 4 continents, with 6 strategically located commercial offices in Miami, Caracas, Buenos Aires, London, Istanbul, and Dubai.

Potential commercial reach to approximately 2.3 billion end users through partner networks.

An annualized revenue run rate approaching $400 million.

Outlook: Positioned for Accelerated Growth

For fiscal year 2026, IQST remains committed to its previously announced $430 million revenue target, while continuing to improve EBITDA performance through operating leverage, disciplined execution, and the commercialization of higher-margin digital services.

Historically, the IQST first quarter has represented one of the softer seasonal periods. Even within that seasonal context, IQST first-quarter performance reinforces management's confidence in achieving its 2026 growth objectives.

Looking beyond 2026, IQST remains committed to its long-term strategic vision of building a $1 billion annual revenue business, supported by an increasingly diversified mix of higher-margin digital technology services designed to drive stronger profitability, operating leverage, and long-term shareholder value.

Adoption of Proprietary AI Agents by Leading European Companies in Partnership with Alhambra IT

On May 12th IQST announced that several leading companies in Europe have begun deploying IQST proprietary AI-powered digital agents in partnership with Alhambra IT to enhance customer service operations.

The implementation, led by Jose Enrique Puente, CEO of the IQST AI Division, and supported commercially through collaboration with Alhambra IT, a leading technology company in Spain, demonstrates how IQST is successfully translating its technological capabilities into real-world enterprise solutions. This collaboration reflects the growing momentum of AI-powered communication technologies across Europe, including those recently highlighted at ASLAN in Madrid during March 2026.

Together, they are implementing IQST AI-powered telephone support system to ensure that no customer inquiry goes unanswered, particularly during periods when live agents are unavailable. The IQST solution enables virtual AI agents to deliver an immediate, courteous, and professional first response to every caller, creating a seamless bridge between initial contact and human follow-up. As part of this deployment, Alhambra IT is integrating its telecom infrastructure with the IQST telecommunications platform and deploying a dedicated management interface for clients, enabling access to operational data and configuration tools for IQST AI agents. Rather than replacing human interaction, the system enhances it-capturing the essential context of each request and allowing each organization's support team to respond more efficiently and with greater insight.

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These new customer adoptions further validate the IQST long-term strategy of transforming the Company from a traditional telecom operator into a highly specialized global distribution platform for high-tech, high-margin services for the telecom industry, with a potential reach of more than 2.3 billion users through IQST customers worldwide.

Launch of IQCortex.ai at Mobile World Congress -- New AI Proprietary Platform Redefining Business Operations and Control Through Intelligent Orchestration

On February 26th IQST announced the official launch of IQCortex ( [https://edge.prnewswire.com/c/link/?t=0&l=en&o=4627014-1&h=2524980004&u=http%3A%2F%2Fwww.iqcortex.ai%2F&a=www.IQCortex.ai]), a next-generation AI orchestration proprietary platform designed to fundamentally transform how enterprises manage operations, control risk, and execute decisions at scale.

IQCortex will be formally introduced to the global telecommunications and technology community by IQST next week at Mobile World Congress (MWC) Barcelona, one of the world's largest and most influential industry events.

The IQST IQCortex is not simply another AI tool - it represents a shift in how businesses operate.

Through its orchestration strategy, the IQST IQCortex continuously analyzes operational signals in real time and converts them into structured, governed actions. Instead of generating isolated recommendations, the platform coordinates decisions across systems - ensuring that every action is aligned with policy, traceable, and fully accountable.

This approach redefines operational control. Organizations no longer need to choose between speed and governance. IQCortex enables both.

From Monitoring Data to Orchestrating Action

Traditional systems monitor data. IQST IQCortexorchestrates action.

Built for the Tools Teams Already Use

IQST IQCortex integrates directly into enterprise environments - including Microsoft Copilot, ServiceNow, Jira Service Management, Grafana, Slack, and internal systems - without requiring new dashboards or disruptive system replacements.

Built on the Model Context Protocol (MCP), IQST IQCortex securely connects to approved enterprise tools and data sources, delivering governed intelligence directly within existing workflows.

The result: a smarter operational backbone - without organizational friction.

Designed for High-Stakes Industries

IQST IQCortex delivers value across industries where operational precision and compliance are critical including Telecommunications, Financial Services, Cybersecurity, Healthcare, Government & Public Sector and Critical Infrastructure. In these environments, decisions must be fast - but they must also be explainable. IQST IQCortex provides both.

For more information about the IQST AI services portfolio visit: [https://edge.prnewswire.com/c/link/?t=0&l=en&o=4627014-1&h=356906475&u=http%3A%2F%2Fwww.aiservices.iqstel.com%2F&a=www.aiservices.iqstel.com]

For more information on $IQST visit: [http://www.IQSTEL.com] and [https://edge.prnewswire.com/c/link/?t=0&l=en&o=4527923-1&h=99740722&u=http%3A%2F%2Fwww.landingpage.iqstel.com%2F&a=www.landingpage.iqstel.com]

Email: investors@iqstel.com

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Media Contact
Company Name: IQSTEL Inc.
Contact Person: Leandro Jose Iglesias, President and CEO
Email: Send Email [http://www.universalpressrelease.com/?pr=979-million-q1-revenue-delivering-699-growth-in-transformational-evolution-of-company-to-a-powerful-global-digital-services-leader-iqstel-inc-nasdaq-iqst]
Phone: +1 954-951-8191
Address:300 Aragon Avenue Suite 375
City: Coral Gables
State: Florida 33134
Country: United States
Website: http://www.iQSTEL.com

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