Intchains Group Limited (ICG) Revenue History
Annual and quarterly revenue from 2019 to present
ICG Revenue Over Time (2019–2025)
ICG Revenue Growth History
3 of 6 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- +52.5%
- FY2021 revenue growth
- +1057.1%
- FY2022 revenue growth
- -25.0%
- FY2023 revenue growth
- -82.6%
- FY2024 revenue growth
- +242.7%
- FY2025 revenue growth
- -23.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $35.6M | -52.0% |
| Q3 2025 | $9.1M | -84.8% |
| Q2 2025 | $43.2M | -64.9% |
| Q1 2025 | $132.4M | +445.5% |
| Q4 2024 | $74.2M | +109.2% |
| Q3 2024 | $60.3M | +781.4% |
| Q2 2024 | $123.0M | +785.1% |
| Q1 2024 | $24.3M | -6.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
ICG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ICG Revenue Analysis (2019–2025)
Current Revenue & Growth
As of June 21, 2026, Intchains Group Limited (ICG) generated trailing twelve-month (TTM) revenue of $220.4 million, reflecting significant decline in growth of -52.0% year-over-year. The most recent quarter (Q4 2025) recorded $35.6 million in revenue, up 289.6% sequentially.
Historical Growth Trajectory
ICG's 5-year compound annual growth rate (CAGR) stands at +31.5%, indicating outstanding long-term growth trajectory. The 3-year CAGR of -23.2% is below the 5-year average, signalling a growth deceleration in recent years. Intchains Group Limited's highest annual revenue of $631.8 million was recorded in 2021.
Revenue by Segment
ICG's revenue is primarily driven by Mining Products (50%), Product (50%), and Other Revenue (0%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Technology sector peers — including BTBT, CANF (-16.0% YoY), and IREN — ICG has underperformed the peer group in revenue growth. Compare ICG vs BTBT →
ICG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ICGCurrent | $220M | -52.0% | +31.5% | -47.4% | |
 BTBT | $114M | - | - | -49.8% | |
 CANF | $674,000 | -16.0% | -19.8% | -1206.2% | |
 IREN | $501M | - | - | 3.5% | |
 MARA | $907M | - | - | -90.6% | |
 RIOT | $647M | - | - | -61.8% |
ICG Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $214.8M | -23.8% | $15.5M | 7.2% | $-101,753,105 | -47.4% |
| 2024 | $281.8M | +242.7% | $151.3M | 53.7% | $3.2M | 1.1% |
| 2023 | $82.2M | -82.6% | $9.1M | 11.0% | $-64,968,000 | -79.0% |
| 2022 | $473.7M | -25.0% | $386.7M | 81.6% | $322.7M | 68.1% |
| 2021 | $631.8M | +1057.1% | $517.9M | 82.0% | $447.3M | 70.8% |
| 2020 | $54.6M | +52.5% | $31.3M | 57.3% | $8.0M | 14.7% |
| 2019 | $35.8M | - | $6.2M | 17.4% | $-2,541,000 | -7.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
7+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
ICG — Frequently Asked Questions
Quick answers to the most common questions about buying ICG stock.
Is ICG's revenue growth accelerating or slowing?
ICG revenue is declining -52.0% year-over-year. TTM revenue fell to $220M, contrasting with the 5-year CAGR of +31.5%. The reversal reflects either macro headwinds or company-specific challenges.
What is ICG's revenue history from 2019 to 2026?
Intchains Group Limited (ICG) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $220M, growing at -52.0% YoY. The 5-year CAGR is +31.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ICG's long-term revenue growth rate (CAGR)?
Intchains Group Limited's 5-year revenue CAGR of +31.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -52.0% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ICG.
Why does ICG's quarterly revenue fluctuate?
ICG quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Intchains Group Limited's revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is ICG's revenue distributed by segment?
ICG reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ICG's revenue compare to industry peers?
Intchains Group Limited (ICG) with TTM revenue of $220M and -52.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.