IQSTEL Inc. (NASDAQ: IQST), a global connectivity, AI and digital company, expects double-digit organic revenue growth in 2026, forecasting $430 million in revenue, a 26% increase from the $340 million it anticipates for 2025. The company, which has expanded through 12 strategic acquisitions since 2018, operates in telecommunications, fintech and artificial intelligence, all experiencing rapid growth. IQSTEL targets $15 million in EBITDA by 2026 and remains on track to achieve $1 billion in revenue by 2027.
The company’s revenue is currently split approximately 80% telecommunications and 20% fintech. IQSTEL also acquired Reality Border, an AI firm that serves as its R&D division for proprietary AI solutions. The company plans two to three additional accretive acquisitions to support its EBITDA goal while focusing on profitable organic growth. "Our forecast reflects the strength of our business platform and our ability to deliver consistent, organic growth while preparing for high-margin expansion," said Leandro Iglesias, CEO of IQSTEL. "We are building toward a balanced model of growth that combines innovation, efficiency, and scale - positioning IQSTEL for sustained profitability and long-term shareholder value."
A key development is IQSTEL’s partnership with Cycurion Inc. (NASDAQ: CYCU), an AI cybersecurity company, to co-develop AI cybersecurity products for global telecom and enterprise markets. The collaboration includes a Memorandum of Understanding for a $1 million stock exchange, making both companies mutual equity partners. They also agreed to deliver a $500,000 dividend to shareholders by December 31, 2025, payable in stock. The deal provides IQSTEL access to Cycurion’s U.S. government and institutional relationships, while Cycurion gains IQSTEL’s global telecom customer base. Iglesias noted, "We are very excited to add cybersecurity to our portfolio of products. This partnership with Cycurion, whose specialized solutions are trusted by the U.S. government, not only broadens our capabilities but also enhances the trust we bring to our global telecom and enterprise customers." The companies plan to launch these solutions at the largest global telecom event in 2026.
Litchfield Hills, which has a buy rating and $18 price target on IQSTEL, views the partnership favorably. Analyst Barry Sine wrote, "By pairing cybersecurity (through Cycurion) with fintech (through GlobeTopper), iQSTEL is broadening its high-margin service suite to telecom partners. That better positions it to increase revenue and EBITDA and deepen partnerships rather than relying solely on connectivity services." He called the alliance "a strategic lever with asymmetric upside."
IQSTEL’s revenue trajectory supports its $1 billion 2027 goal. With organic growth, acquisitions and the new cybersecurity venture, the company is strengthening its diversified portfolio and positioning for sustained profitability.
