4 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 22.8% per year over the past 3 years.
Operating margin has contracted, at -47.4% in the latest year.
Financial health
The company is unprofitable; at its current free-cash-flow burn it has roughly 2.3 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$32M
-$7M
7.2%
-47.4%
-$14M
—
$32M
2024
$39M
$7M
53.7%
1.0%
-$20M
—
$44M
2023
$12M
-$4M
11.0%
-79.0%
-$7M
—
$98M
2022
$69M
$51M
81.6%
68.1%
$47M
—
$103M
Valuation over time
How the market has priced ICG against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 19.6× (Mar '23) to 25.9× (Nov '25).
The price-to-sales ratio has fallen from 14.7× (Mar '23) to 2.6× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is ICG growing its revenue and profit?
Over the past 3 years, Intchains Group Ltd's revenue has declined 22.8% per year. These are computed facts, not advice.
How much debt does ICG have?
As of FY2025, Intchains Group Ltd reported — of total debt against $32M of cash.
What is ICG's profit margin?
In FY2025, gross margin was 7.2%, operating margin -47.4%, and net margin -21.5%.
What is ICG's P/E ratio?
As of Jun '26, Intchains Group Ltd traded at a price-to-earnings ratio of about 25.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.