tradmap

ICG Financials Intchains Group Ltd

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
-$7M $31M $69M $0 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-79% 1% 82% 0% 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$20M $13M $47M $0 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $52M $103M 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$19M $14M $47M $0 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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.

Price / earnings (P/E)
0.0 35.6 71.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 45.9 91.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.