Intchains Group Limited(ICG)Earnings, Financials & Key Ratios
ICG•NASDAQ
$1.27
$81M mkt cap·5.0× P/E·Price updated May 6, 2026
AboutIntchains Group Limited designs and sells application-specific integrated circuit chips and ancillary software and hardware for blockchain applications in the People's Republic of China. It serves distributors, companies, and individuals. Intchains Group Limited was founded in 2017 and is based in Pudong, China.Show more
- Revenue$282M+242.7%
- EBITDA$8M+113.3%
- Net Income$51M+292.2%
- EPS (Diluted)1.72+490.9%
- Gross Margin53.7%+386.4%
- EBITDA Margin2.89%+103.9%
- Operating Margin1.12%+101.4%
- Net Margin18.28%+156.1%
- ROE5.25%+284.4%
- ROIC0.45%+102.7%
- Debt/Equity0.00-86.3%
- Interest Coverage56.36+105.4%
ICG Key Insights
Intchains Group Limited (ICG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong 5Y sales CAGR of 51.1%
- ✓Good 3Y average ROE of 16.5%
- ✓Share count reduced 49.7% through buybacks
- ✓Healthy 5Y average net margin of 29.4%
- ✓Trading at only 0.3x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ICG Price & Volume
Intchains Group Limited (ICG) stock price & volume — 10-year historical chart
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ICG Growth Metrics
Intchains Group Limited (ICG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years51.06%
3 Years-23.6%
TTM63.56%
Profit CAGR
10 Years-
5 Years-
3 Years-51.46%
TTM-17.72%
EPS CAGR
10 Years-
5 Years-
3 Years-54.15%
TTM44.54%
Return on Capital
10 Years33.13%
5 Years42.19%
3 Years12.02%
Last Year0.32%
ICG Recent Earnings
Intchains Group Limited (ICG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (43%)●Beat Revenue 1/12 qtrs (14%)
Q1 2026Latest
Feb 26, 2026EPS
$0.30
Est $0.01
-5900.0%
Revenue
$5M
Est $6M
-17.0%
Q4 2025
Nov 13, 2025EPS
$0.18
Est $0.01
+3700.0%
Revenue
$1M
Est $43M
-97.0%
Q3 2025
Aug 14, 2025EPS
$0.09
Est $0.01
+820.0%
Revenue
$6M
Est $54M
-88.8%
Q2 2025
May 22, 2025EPS
$0.08
Est $0.17
-147.1%
Revenue
$18M
Est $105M
-82.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.30vs $0.01-5900.0% | $5Mvs $6M-17.0% |
| Q4 2025 | Nov 13, 2025 | $0.18vs $0.01+3700.0% | $1Mvs $43M-97.0% |
| Q3 2025 | Aug 14, 2025 | $0.09vs $0.01+820.0% | $6Mvs $54M-88.8% |
| Q2 2025 | May 22, 2025 | $0.08vs $0.17-147.1% | $18Mvs $105M-82.7% |
Based on last 12 quarters of dataView full earnings history →
ICG Peer Comparison
Intchains Group Limited (ICG) competitors in Compute Processors and AI Accelerators — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 BTBT | 576.6M | 1.79 | 8.95 | 264.59% | 17.29% | 21.41% | 0.03 | |
 CANF | 27.45M | 3.79 | -3.50 | -9.29% | -15.71% | -210.28% | 0.02 | |
 IREN | 18.19B | 54.74 | 140.36 | 167.65% | 17.35% | -0.64% | 0.53 | |
 MARA | 4.62B | 12.16 | -3.30 | 38.2% | -144.58% | -30.54% | 1.05 | |
 RIOT | 7.71B | 20.35 | -10.43 | 71.89% | -102.43% | -28.78% | 0.10 | |
 HUT | 8.86B | 80.50 | -37.61 | 44.79% | -96.19% | -13.39% | 0.25 | |
 CLSK | 3.43B | 13.41 | 11.97 | 102.21% | -33.25% | -13.75% | 0.38 | |
 CIFR | 8.97B | 22.10 | -10.28 | 48.04% | -367.17% | -115.53% | 3.31 |
Compare ICG vs Peers
Intchains Group Limited (ICG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ICG Income Statement
Intchains Group Limited (ICG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 35.82M | 54.6M | 631.84M | 473.74M | 82.22M | 281.77M | 310.07M |
| Revenue Growth % | - | 52.45% | 1057.15% | -25.02% | -82.64% | 242.68% | 63.56% |
| Cost of Goods Sold | 29.58M | 23.33M | 113.95M | 87.02M | 73.15M | 130.45M | 164.21M |
| COGS % of Revenue | 82.59% | 42.73% | 18.04% | 18.37% | 88.96% | 46.3% | - |
| Gross Profit | 6.24M▲ 0% | 31.27M▲ 401.6% | 517.88M▲ 1556.1% | 386.72M▼ 25.3% | 9.08M▼ 97.7% | 151.31M▲ 1566.8% | 145.86M▲ 0% |
| Gross Margin % | 17.41% | 57.27% | 81.96% | 81.63% | 11.04% | 53.7% | 47.04% |
| Gross Profit Growth % | - | 401.56% | 1556.06% | -25.33% | -97.65% | 1566.83% | - |
| Operating Expenses | 8.78M | 23.24M | 70.56M | 64.01M | 74.05M | 148.37M | 150.86M |
| OpEx % of Revenue | 24.5% | 42.57% | 11.17% | 13.51% | 90.05% | 52.66% | - |
| Selling, General & Admin | 5.04M | 3.26M | 17.41M | 15.63M | 31.74M | 38.72M | 44.22M |
| SG&A % of Revenue | 14.06% | 5.96% | 2.76% | 3.3% | 38.6% | 13.74% | - |
| Research & Development | 9.06M | 22.48M | 53.15M | 48.39M | 42.3M | 109.44M | 101.25M |
| R&D % of Revenue | 25.3% | 41.17% | 8.41% | 10.21% | 51.45% | 38.84% | - |
| Other Operating Expenses | -5.32M | -2.5M | 0 | 0 | 0 | 210K | 0 |
| Operating Income | -2.54M▲ 0% | 8.03M▲ 416.0% | 447.32M▲ 5470.6% | 322.7M▼ 27.9% | -64.97M▼ 120.1% | 3.16M▲ 104.9% | -5M▲ 0% |
| Operating Margin % | -7.09% | 14.71% | 70.8% | 68.12% | -79.01% | 1.12% | -1.61% |
| Operating Income Growth % | - | 416.02% | 5470.62% | -27.86% | -120.13% | 104.86% | - |
| EBITDA | -2.1M | 8.72M | 447.87M | 324.51M | -61.14M | 8.14M | -306.25K |
| EBITDA Margin % | -5.87% | 15.96% | 70.88% | 68.5% | -74.35% | 2.89% | -0.1% |
| EBITDA Growth % | - | 514.9% | 5037.94% | -27.54% | -118.84% | 113.31% | 86.66% |
| D&A (Non-Cash Add-back) | 440K | 687K | 553K | 1.81M | 3.83M | 4.98M | 4.69M |
| EBIT | -2.58M | 8.41M | 450.34M | 322.7M | -35.49M | 50.23M | 47.47M |
| Net Interest Income | -116K | -131K | 2.32M | 11.06M | 16.69M | 16.18M | 14.17M |
| Interest Income | 16K | 37K | 2.52M | 11.13M | 16.75M | 16.23M | 14.17M |
| Interest Expense | 132K | 168K | 197K | 73K | 62K | 56K | 0 |
| Other Income/Expense | -171K | 217K | 2.82M | 44.35M | 29.42M | 47.02M | 16.35M |
| Pretax Income | -2.71M▲ 0% | 8.25M▲ 404.1% | 450.14M▲ 5358.3% | 367.06M▼ 18.5% | -35.55M▼ 109.7% | 50.18M▲ 241.1% | 11.35M▲ 0% |
| Pretax Margin % | -7.57% | 15.1% | 71.24% | 77.48% | -43.24% | 17.81% | 3.66% |
| Income Tax | 238K | 0 | 0 | 11.86M | -8.76M | -1.32M | -8.85M |
| Effective Tax Rate % | -8.78% | 0% | 0% | 3.23% | 24.63% | -2.63% | -77.97% |
| Net Income | -2.95M▲ 0% | 8.25M▲ 379.6% | 450.14M▲ 5358.3% | 355.2M▼ 21.1% | -26.8M▼ 107.5% | 51.5M▲ 292.2% | 20.19M▲ 0% |
| Net Margin % | -8.24% | 15.1% | 71.24% | 74.98% | -32.59% | 18.28% | 6.51% |
| Net Income Growth % | - | 379.56% | 5358.28% | -21.09% | -107.54% | 292.19% | -17.72% |
| Net Income (Continuing) | -2.95M | 8.25M | 450.14M | 355.2M | -26.8M | 51.5M | 20.19M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.05▲ 0% | 0.14▲ 383.4% | 17.84▲ 12642.9% | 5.70▼ 68.0% | -0.44▼ 107.7% | 1.72▲ 490.9% | 0.67▲ 0% |
| EPS Growth % | - | 383.4% | 12642.86% | -68.05% | -107.72% | 490.91% | 44.54% |
| EPS (Basic) | -0.05 | 0.14 | 17.84 | 5.70 | -0.44 | 1.72 | - |
| Diluted Shares Outstanding | 59.82M | 59.82M | 59.82M | 62.4M | 59.69M | 30M | 30.25M |
| Basic Shares Outstanding | 59.82M | 58.82M | 59.82M | 59.82M | 59.69M | 29.98M | 30.23M |
| Dividend Payout Ratio | - | - | 2.34% | - | - | - | - |
ICG Balance Sheet
Intchains Group Limited (ICG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 38.13M | 43.25M | 607.36M | 831.98M | 777.52M | 720.9M | 677.11M |
| Cash & Short-Term Investments | 4.04M | 19.63M | 502.42M | 712.23M | 688.35M | 520.81M | 491.73M |
| Cash Only | 4.04M | 19.63M | 502.42M | 712.23M | 585.17M | 322.25M | 276.28M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 103.17M | 198.56M | 215.45M |
| Accounts Receivable | 6M | 8.32M | 0 | 3.46M | 13.83M | 28.36M | 0 |
| Days Sales Outstanding | 61.09 | 55.63 | - | 2.67 | 61.41 | 36.73 | 16.26 |
| Inventory | 22.42M | 9.48M | 66.82M | 77.78M | 41.77M | 98.61M | 131.82M |
| Days Inventory Outstanding | 276.67 | 148.32 | 214.02 | 326.25 | 208.42 | 275.92 | 228.03 |
| Other Current Assets | 5.67M | 32K | 38.12M | 38.51M | 214K | 32.01M | 53.56M |
| Total Non-Current Assets | 1.08M | 645K | 3.9M | 121.15M | 201.73M | 368.61M | 382.5M |
| Property, Plant & Equipment | 1.08M | 645K | 3.9M | 121.15M | 163.78M | 157.34M | 154.93M |
| Fixed Asset Turnover | 33.13x | 84.66x | 162.09x | 3.91x | 0.50x | 1.79x | 1.96x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 4.07M | 3.55M | 161.02M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 20M | 20.57M | 64.52M |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 990K | 187.15M | 207.01M |
| Total Assets | 39.21M▲ 0% | 43.9M▲ 12.0% | 611.26M▲ 1292.4% | 953.13M▲ 55.9% | 979.25M▲ 2.7% | 1.09B▲ 11.3% | 1.06B▲ 0% |
| Asset Turnover | 0.91x | 1.24x | 1.03x | 0.50x | 0.08x | 0.26x | 0.29x |
| Asset Growth % | - | 11.96% | 1292.42% | 55.93% | 2.74% | 11.26% | 29.05% |
| Total Current Liabilities | 18.4M | 9.66M | 31.6M | 19.2M | 28.16M | 76.44M | 32.92M |
| Accounts Payable | 180K | 621K | 6.58M | 2.9M | 195K | 14.85M | 4.3M |
| Days Payables Outstanding | 2.22 | 9.72 | 21.09 | 12.18 | 0.97 | 41.54 | 17.77 |
| Short-Term Debt | 10.98M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 6K | 9.83M | 0 | 89.8M |
| Other Current Liabilities | 6.22M | 2.63M | 11.76M | 11.35M | 3.27M | 39.63M | 94K |
| Current Ratio | 2.07x | 4.48x | 19.22x | 43.34x | 27.61x | 9.43x | 9.43x |
| Quick Ratio | 0.85x | 3.50x | 17.11x | 39.29x | 26.12x | 8.14x | 8.14x |
| Cash Conversion Cycle | 335.54 | 194.24 | - | 316.74 | 268.85 | 271.11 | 226.52 |
| Total Non-Current Liabilities | 466K | 46K | 1.27M | 336K | 761K | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 239K | 0 | 1.27M | 294K | 761K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 42K | 0 | 0 | 543K |
| Other Non-Current Liabilities | 227K | 46K | 0 | 42K | 0 | 0 | 0 |
| Total Liabilities | 18.86M | 9.71M | 32.86M | 19.53M | 28.93M | 76.44M | 32.92M |
| Total Debt | 11.55M | 239K | 2.2M | 1.27M | 1.86M | 272K | 0 |
| Net Debt | 7.51M | -19.39M | -500.22M | -710.97M | -583.31M | -321.98M | -276.28M |
| Debt / Equity | 0.57x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt / EBITDA | - | 0.03x | 0.00x | 0.00x | - | 0.03x | -0.00x |
| Net Debt / EBITDA | - | -2.22x | -1.12x | -2.19x | - | -39.56x | -39.56x |
| Interest Coverage | -19.25x | 47.80x | 2270.66x | 4420.62x | -1047.87x | 56.36x | - |
| Total Equity | 20.35M▲ 0% | 34.19M▲ 68.1% | 578.4M▲ 1591.6% | 933.6M▲ 61.4% | 950.33M▲ 1.8% | 1.01B▲ 6.6% | 1.03B▲ 0% |
| Equity Growth % | - | 68.06% | 1591.56% | 61.41% | 1.79% | 6.6% | 21.01% |
| Book Value per Share | 0.34 | 0.57 | 9.67 | 14.96 | 15.92 | 33.77 | 33.94 |
| Total Shareholders' Equity | 20.35M | 34.19M | 578.4M | 933.6M | 950.33M | 1.01B | 1.03B |
| Common Stock | 1K | 1K | 1K | 1K | 1K | 1K | 1K |
| Retained Earnings | -24.57M | -16.32M | 390.14M | 741.54M | 713.96M | 814.05M | 766.36M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1K | 0 | 43.67M | 47.48M | 50.1M | 3.78M | 54.87M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ICG Cash Flow Statement
Intchains Group Limited (ICG) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -5.99M | 15.59M | 395.42M | 326.69M | -4.71M | -138.25M | -138.25M |
| Operating CF Margin % | -16.72% | 28.54% | 62.58% | 68.96% | -5.73% | -49.07% | - |
| Operating CF Growth % | - | 360.33% | 2437.02% | -17.38% | -101.44% | -2836.55% | -901.57% |
| Net Income | -2.95M | 8.25M | 450.14M | 355.2M | -26.8M | 51.5M | 20.19M |
| Depreciation & Amortization | 440K | 687K | 1.35M | 2.75M | 3.83M | 4.98M | 1.27M |
| Stock-Based Compensation | 923K | 0 | 0 | 0 | 3.47M | 8.97M | 7.4M |
| Deferred Taxes | 238K | 0 | 0 | 42K | -12.94M | -16.04M | -10.16M |
| Other Non-Cash Items | 132K | 168K | 113K | 1.38M | 25.41M | -102.22M | -49.96M |
| Working Capital Changes | -4.77M | 6.48M | -56.19M | -32.69M | 2.31M | -85.44M | 8.77M |
| Change in Receivables | -5M | -1.53M | 6.53M | -13.43M | 0 | 0 | 0 |
| Change in Inventory | 15.69M | 12.94M | -57.34M | -12.34M | 11.44M | -97.51M | -11.6M |
| Change in Payables | -452K | 441K | 5.96M | -3.68M | -2.71M | 14.65M | 7.2M |
| Cash from Investing | -165K | -251K | -1.77M | -116.87M | -64.99M | -125.94M | -61.94M |
| Capital Expenditures | -165K | -251K | -1.77M | -4.02M | -48.15M | -10.08M | -5.29M |
| CapEx % of Revenue | 0.46% | 0.46% | 0.28% | 0.85% | 58.55% | 3.58% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | -112.86M | -3.42M | -22.35M | 1.92M |
| Cash from Financing | 3.39M | 251K | 89.14M | 0 | 51.22M | 0 | 0 |
| Debt Issued (Net) | 4M | -4M | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 1000K | 0 | 1000K | 0 | 0 |
| Dividends Paid | 0 | 0 | -10.54M | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -612K | 4.25M | -916K | 0 | -10.09M | 0 | 0 |
| Net Change in Cash | -2.76M▲ 0% | 15.59M▲ 663.9% | 482.79M▲ 2997.6% | 209.81M▼ 56.5% | -17.48M▼ 108.3% | -262.92M▼ 1404.0% | -191.78M▲ 0% |
| Free Cash Flow | -6.15M▲ 0% | 15.34M▲ 349.3% | 393.65M▲ 2467.0% | 322.67M▼ 18.0% | -56.28M▼ 117.4% | -148.33M▼ 163.6% | -27.77M▲ 0% |
| FCF Margin % | -17.18% | 28.08% | 62.3% | 68.11% | -68.45% | -52.64% | -8.96% |
| FCF Growth % | - | 349.27% | 2467% | -18.03% | -117.44% | -163.56% | -519.71% |
| FCF per Share | -0.10 | 0.26 | 6.58 | 5.17 | -0.94 | -4.94 | -4.94 |
| FCF Conversion (FCF/Net Income) | 2.03x | 1.89x | 0.88x | 0.92x | 0.18x | -2.68x | -1.38x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 9.57M | 4.79M | 15.42M | 3.73M |
ICG Key Ratios
Intchains Group Limited (ICG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 30.24% | 146.96% | 46.98% | -2.84% | 5.25% | 1.97% |
| Return on Invested Capital (ROIC) | 28.23% | 721.63% | 160.92% | -16.53% | 0.45% | 0.45% |
| Gross Margin | 57.27% | 81.96% | 81.63% | 11.04% | 53.7% | 47.04% |
| Net Margin | 15.1% | 71.24% | 74.98% | -32.59% | 18.28% | 6.51% |
| Debt / Equity | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage | 47.80x | 2270.66x | 4420.62x | -1047.87x | 56.36x | - |
| FCF Conversion | 1.89x | 0.88x | 0.92x | 0.18x | -2.68x | -1.38x |
| Revenue Growth | 52.45% | 1057.15% | -25.02% | -82.64% | 242.68% | 63.56% |
ICG Frequently Asked Questions
Intchains Group Limited (ICG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Intchains Group Limited (ICG) reported $310.1M in revenue for fiscal year 2024. This represents a 766% increase from $35.8M in 2019.
Intchains Group Limited (ICG) grew revenue by 242.7% over the past year. This is strong growth.
Yes, Intchains Group Limited (ICG) is profitable, generating $20.2M in net income for fiscal year 2024 (18.3% net margin).
Dividend & Returns
Intchains Group Limited (ICG) has a return on equity (ROE) of 5.2%. This is below average, suggesting room for improvement.
Intchains Group Limited (ICG) had negative free cash flow of $27.8M in fiscal year 2024, likely due to heavy capital investments.
Explore More ICG
Intchains Group Limited (ICG) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates