The company's revenue exhibits extreme volatility, with gross margins compressing from a peak of 88.8% in 2024Q1 to 56.6% in 2025Q4, signaling intense competitive pressure.
| Sales/Revenue | 2.37M | 2.61M | 2.62M | 1.83M | 2.9M | 1.46M |
| Revenue Growth % | -9.06% | -0.65% | 43.4% | -36.94% | 99.43% | - |
| Cost of Goods Sold | 860.06K | 7.97M | 597.56K | 370.82K | 284.14K | 0 |
| COGS % of Revenue | 36.28% | 305.72% | 22.77% | 20.26% | 9.79% | - |
| Gross Profit | 1.51M | 12.32M | 2.03M | 1.46M | 2.62M | 1.46M |
| Gross Margin % | 63.72% | 472.43% | 77.23% | 79.74% | 90.21% | 100% |
| Gross Profit Growth % | -87.73% | 507.73% | 38.89% | -44.26% | 79.9% | - |
| Operating Expenses | 4.08M | 14.84M | 1.5M | 972.9K | 882.12K | 693.58K |
| OpEx % of Revenue | 171.92% | 569.33% | 57.1% | 53.16% | 30.4% | 47.67% |
| Selling, General & Admin | 4.08M | 9.96M | 1.52M | 7.08M | 6.24M | 3.85M |
| SG&A % of Revenue | 171.92% | 382.17% | 58.06% | 386.83% | 214.89% | 264.41% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 4.88M | -25.03K | -6.11M | -5.35M | -3.15M |
| Operating Income | -2.57M | -323.63K | 528.15K | 486.3K | 1.74M | 761.5K |
| Operating Margin % | -108.2% | -12.41% | 20.13% | 26.57% | 59.81% | 52.33% |
| Operating Income Growth % | -692.6% | -161.28% | 8.61% | -71.98% | 127.92% | - |
| EBITDA | -2.5M | 511.51K | 550.11K | 539.01K | 1.79M | 1.47M |
| EBITDA Margin % | -105.34% | 19.62% | 20.96% | 29.45% | 61.63% | 101.09% |
| EBITDA Growth % | -588.23% | -7.02% | 2.06% | -69.86% | 21.59% | - |
| D&A (Non-Cash Add-back) | 67.74K | 835.14K | 21.96K | 52.72K | 52.79K | 709.38K |
| EBIT | -2.57M | -1M | 529.23K | 487.58K | 1.75M | 7.16M |
| Net Interest Income | 211.23K | 1.83M | 46.82K | -94.72K | -8.11K | 197 |
| Interest Income | 220.33K | 1.94M | 60.65K | 2.45K | 51 | 197 |
| Interest Expense | 9.1K | 101.71K | 13.83K | 97.17K | 8.16K | 0 |
| Other Income/Expense | 168.16K | 183.06K | 59.52K | 23.44K | 14.38K | 162.23K |
| Pretax Income | -2.4M | -141.15K | 587.67K | 510.84K | 1.74M | 923.74K |
| Pretax Margin % | -101.1% | -5.41% | 22.39% | 27.91% | 60.12% | 63.48% |
| Income Tax | -65.37K | 86.88K | 67.8K | 65.43K | 246.72K | 1.03M |
| Effective Tax Rate % | 2.73% | -61.55% | 11.54% | 12.81% | 14.14% | 111.31% |
| Net Income | -2.33M | -425.71K | 519.87K | 444.24K | 1.5M | 6.13M |
| Net Margin % | -98.35% | -16.33% | 19.81% | 24.28% | 51.81% | 421.4% |
| Net Income Growth % | -447.69% | -181.89% | 17.03% | -70.45% | -75.48% | - |
| Net Income (Continuing) | -2.33M | -425.71K | 519.87K | 445.41K | 1.5M | 6.13M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.28 | -12.80 | 15.84 | 13.52 | 44.00 | 188.00 |
| EPS Growth % | 82.19% | -180.81% | 17.16% | -69.27% | -76.6% | - |
| EPS (Basic) | -2.28 | -12.80 | 15.84 | 13.52 | 44.00 | 188.00 |
| Diluted Shares Outstanding | 1.02M | 32.81K | 32.81K | 32.81K | 32.81K | 32.81K |
| Basic Shares Outstanding | 1.02M | 32.81K | 32.81K | 32.81K | 32.81K | 32.81K |
| Dividend Payout Ratio | - | - | - | 517.78% | - | 48.93% |
Extreme Revenue Volatility
As reported in recent quarterly filings, Intelligent Group's revenue exhibits extreme volatility, with a 60.5% contraction in 2025Q2 followed by a 3.2% increase in 2025Q4, reflecting a business model heavily tethered to the unpredictable and currently stagnant Hong Kong IPO market deal flow.
The lack of consistent top-line growth suggests that the firm struggles to maintain a stable pipeline of recurring retainer clients to offset the lumpy nature of project-based IPO work. Investors should monitor whether the firm can diversify its service offerings beyond the HKEX listing cycle, as the current trajectory appears highly susceptible to external capital market conditions.
Based on the provided financial statements, gross margins have fluctuated significantly, dropping from a peak of 88.8% in 2024Q1 to 56.6% in 2025Q4, indicating that the firm's pricing power is likely being compromised by intense competition within the specialized financial communications sector.
The compression in gross margins suggests that the cost of delivering services is rising relative to the fees the company can command in a crowded market. This trend warrants further investigation into whether the firm is forced to offer deeper discounts to secure engagements in a cooling IPO environment.
According to historical income statement data, the company's operating margin plummeted to -185.2% in 2025Q4, demonstrating that the firm's fixed cost base is currently far too large to be supported by its existing revenue scale, resulting in significant operating losses.
The inability to scale operating income alongside revenue suggests that the firm's administrative and professional staff overhead is not optimized for its current activity levels. This indicates that the business is currently operating well below the utilization threshold required to achieve even modest profitability.
As evidenced by the massive $67.4M cash balance relative to a mere $2.37M in TTM revenue, the company appears to function more as a capital-heavy shell than a viable consultancy, raising questions about the sustainability of its current operating model without a strategic pivot.
Short-sellers would likely focus on the fact that the core PR business is effectively a loss-making entity being subsidized by interest income or prior capital raises. The extreme disparity between liquidity and operational performance suggests that the market may be mispricing the firm by ignoring the underlying cash burn in the core business.
Quick answers to the most common questions about buying INTJ stock.
For fiscal year 2025, Intelligent Group Limited (INTJ) reported total revenue of $2.4M. This represents a 62.9% increase compared to $1.5M in 2020.
Intelligent Group Limited (INTJ) reported a net loss of $2.3M for the fiscal year ending 2025.
Intelligent Group Limited (INTJ) reported an operating income of $-2.6M, resulting in an operating profit margin of -108.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Intelligent Group Limited (INTJ) generated $1.5M in gross profit for the year, representing a gross profit margin of 63.7%. This demonstrates the company's core pricing power and production efficiency.