NASDAQ : ICG

Intchains Group Limited — Financial statements

Technology · Semiconductors · China

Last price 1.26 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 77.10M

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Financial statements

Intchains Group Limited (ICG) reported revenue of 56.41M CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue56.41M220.86M281.77M82.22M473.74M631.84M
Cost of Revenue137.02M204.90M130.45M73.15M87.02M113.95M
Gross Profit-80.61M15.96M151.31M9.08M386.72M517.88M
Selling, General & Admin39.67M43.27M38.72M31.74M15.63M17.41M
Research & Development58.06M77.30M109.44M42.30M48.39M53.15M
Operating Expenses97.73M120.56M148.16M74.05M64.01M70.56M
Operating Income-178.34M-104.60M3.16M-64.97M322.70M447.32M
Interest Expense-40.00K-40.00K-56.00K-62.00K-73.00K-197.00K
Interest & Investment Income8.41M11.01M16.23M16.75M11.13M2.52M
Currency Exchange Gain (Loss)-7.00M-3.36M1.38M-524.00K3.49M-238.00K
Other Non Operating Income (Expenses)-44.59M12.62M28.99M13.08M29.80M740.00K
EBT Excluding Unusual Items-221.56M-84.37M49.71M-35.73M367.06M450.14M
Gain (Loss) on Sale of Investments588.00K588.00K680.00K174.00K
Asset Writedown-74.00K-74.00K-210.00K
Pretax Income-221.04M-83.86M50.18M-35.55M367.06M450.14M
Income Tax Expense-20.34M-36.32M-1.32M-8.76M11.86M
Net Income-200.70M-47.53M51.50M-26.80M355.20M450.14M
Net Income to Common-200.70M-47.53M51.50M-26.80M355.20M450.14M
Shares Outstanding (Basic)60.80M60.46M59.97M59.69M58.82M50.44M
Shares Outstanding (Diluted)60.80M60.46M60.01M59.69M58.82M50.44M
EPS (Basic)-3.30-0.790.86-0.456.048.93
EPS (Diluted)-3.30-0.790.86-0.456.048.92
Free Cash Flow-98.63M-148.33M-52.17M209.81M393.65M
Free Cash Flow Per Share-1.63-2.47-0.873.577.80
Gross Margin-142.91%7.23%53.70%11.04%81.63%81.97%
Operating Margin-316.16%-47.36%1.12%-79.01%68.12%70.80%
Profit Margin-355.81%-21.52%18.28%-32.59%74.98%71.24%
Free Cash Flow Margin-44.66%-52.64%-63.45%44.29%62.30%
EBITDA-170.61M-97.79M8.14M-61.14M324.51M447.87M
EBITDA Margin-44.27%2.89%-74.35%68.50%70.88%
D&A For EBITDA7.73M6.82M4.98M3.83M1.81M553.00K
EBIT-178.34M-104.60M3.16M-64.97M322.70M447.32M
EBIT Margin-47.36%1.12%-79.01%68.12%70.80%
Effective Tax Rate3.23%
Advertising Expenses898.00K342.00K

Balance sheet

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents306.71M221.66M322.25M585.17M712.23M502.42M
Short-Term Investments154.41M267.53M198.56M103.17M
Cash & Short-Term Investments461.12M489.19M520.81M688.35M712.23M502.42M
Other Receivables884.00K2.43M9.84M1.20M
Receivables884.00K2.43M9.84M1.20M
Inventory33.82M52.15M98.61M41.77M77.78M66.82M
Other Current Assets56.01M60.88M99.04M37.56M40.77M38.12M
Total Current Assets550.96M603.11M720.90M777.52M831.98M607.36M
Property, Plant & Equipment138.81M142.68M157.34M50.92M8.29M3.90M
Long-Term Investments386.00K20.57M20.00M
Other Intangible Assets10.73M11.97M3.55M3.42M
Long-Term Deferred Tax Assets55.21M65.80M28.94M12.90M
Other Long-Term Assets107.21M195.95M158.21M114.49M112.86M
Total Assets862.92M1.02B1.09B979.25M953.13M611.26M
Accounts Payable204.00K3.02M14.85M195.00K2.90M6.58M
Accrued Expenses17.54M11.14M14.75M12.14M3.97M12.32M
Current Portion of Leases91.00K542.00K272.00K1.10M972.00K934.00K
Current Income Taxes Payable39.00K2.02M1.63M2.24M
Current Unearned Revenue16.12M16.46M37.45M9.83M6.00K5.52M
Other Current Liabilities2.00K11.58M7.10M3.27M9.11M6.23M
Total Current Liabilities33.96M42.79M76.44M28.16M19.20M31.60M
Long-Term Leases558.00K761.00K294.00K1.27M
Long-Term Deferred Tax Liabilities42.00K
Total Liabilities33.96M43.35M76.44M28.93M19.53M32.86M
Common Stock1.00K1.00K1.00K1.00K1.00K1.00K
Additional Paid-In Capital216.87M211.28M195.24M186.26M144.58M144.58M
Retained Earnings617.61M766.52M814.05M762.23M789.02M433.82M
Comprehensive Income & Other-5.51M-1.25M3.78M1.84M-1.00K-1.00K
Shareholders' Equity828.96M976.55M1.01B950.33M933.60M578.40M
Total Liabilities & Equity862.92M1.02B1.09B979.25M953.13M611.26M
Total Debt91.00K1.10M272.00K1.86M1.27M2.20M
Net Cash (Debt)461.03M488.09M520.54M686.48M710.97M500.22M
Net Cash Per Share7.588.078.6711.5012.099.92
Filing Date Shares Outstanding61.19M60.71M60.01M59.94M58.82M58.82M
Total Common Shares Outstanding61.19M60.71M60.01M59.94M58.82M58.82M
Working Capital517.00M560.32M644.46M749.35M812.78M575.76M
Book Value Per Share13.5516.0916.8815.8615.879.83
Tangible Book Value818.23M964.58M1.01B946.90M933.60M578.40M
Tangible Book Value Per Share13.3715.8916.8215.8015.879.83
Buildings138.68M43.12M43.17M
Machinery14.26M11.35M6.85M4.13M2.26M
Construction In Progress107.94M
Leasehold Improvements148.00K156.00K683.00K683.00K

Cash flow statement

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-47.53M51.50M-26.80M355.20M450.14M
Depreciation & Amortization6.82M4.98M3.83M1.81M553.00K
Loss (Gain) From Sale of Assets38.00K4.00K
Asset Writedown & Restructuring Costs74.00K210.00K
Loss (Gain) From Sale of Investments-21.00K60.00K-174.00K
Stock-Based Compensation8.65M8.97M3.47M
Other Operating Activities4.73M-118.54M12.64M1.42M113.00K
Change in Accounts Receivable6.53M
Change in Inventory-51.15M-95.82M11.44M-12.34M-57.34M
Change in Accounts Payable-11.82M14.65M-2.71M-3.68M5.96M
Change in Unearned Revenue-12.32M16.70M9.82M-3.00M3.00M
Change in Income Taxes-1.98M389.00K-605.00K2.24M
Change in Other Net Operating Assets11.60M-21.36M-15.64M-14.96M-13.55M
Operating Cash Flow-92.93M-138.25M-4.71M326.69M395.42M
Capital Expenditures-5.70M-10.08M-47.47M-116.87M-1.77M
Sale of Property, Plant & Equipment16.55M
Sale (Purchase) of Intangibles-3.42M
Investment in Securities-44.28M-93.51M-122.99M
Other Investing Activities21.12M-22.35M-679.00K
Investing Cash Flow-12.31M-125.94M-174.56M-116.87M-1.77M
Short-Term Debt Issued5.00M
Total Debt Issued5.00M
Short-Term Debt Repaid-5.00M
Total Debt Repaid-5.00M
Issuance of Common Stock10.06M61.31M100.60M
Common Dividends Paid-10.54M
Other Financing Activities-2.67M-10.09M-916.00K
Financing Cash Flow7.39M51.22M89.14M
Foreign Exchange Rate Adjustments-2.75M1.27M995.00K
Net Cash Flow-100.59M-262.92M-127.06M209.81M482.79M
Free Cash Flow-98.63M-148.33M-52.17M209.81M393.65M
Free Cash Flow Margin-44.66%-52.64%-63.45%44.29%62.30%
Free Cash Flow Per Share-1.63-2.47-0.873.577.80
Levered Free Cash Flow-3.39M-55.99M-44.82M59.33M222.97M
Unlevered Free Cash Flow-3.36M-55.95M-44.78M59.38M223.09M
Cash Interest Paid92.00K
Cash Income Tax Paid1.71M15.42M4.79M9.57M
Change in Working Capital-65.68M-85.44M2.31M-31.74M-55.39M

Ratios

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization83.22M108.67M197.80M741.43M
Enterprise Value15.35M45.09M117.64M644.78M
Last Close Price1.261.793.3012.37
PE Ratio28.04
Forward PE66.308.46
PS Ratio9.283.445.1263.94
PB Ratio0.630.781.435.53
P/TBV Ratio0.640.791.435.55
EV/Sales Ratio1.111.433.0555.60
EV/EBITDA Ratio105.50
EV/EBIT Ratio272.08
Debt / Equity Ratio0.000.000.000.000.000.00
Debt / EBITDA Ratio0.030.000.00
Debt / FCF Ratio0.010.01
Net Debt / Equity Ratio-0.56-0.50-0.51-0.72-0.76-0.86
Net Debt / EBITDA Ratio2.704.99-63.9611.23-2.19-1.12
Net Debt / FCF Ratio4.953.5113.16-3.39-1.27
Asset Turnover0.060.210.270.090.611.93
Inventory Turnover1.652.721.861.221.202.99
Quick Ratio13.5811.456.8424.7937.1615.90
Current Ratio16.2214.109.4327.6143.3419.22
Return on Equity (ROE)-21.63%-4.78%5.25%-2.84%46.98%146.96%
Return on Assets (ROA)-11.59%-6.20%0.19%-4.20%25.79%85.35%
Return on Invested Capital (ROIC)-48.47%-21.33%0.83%-26.71%207.63%914.91%
Return on Capital Employed (ROCE)-21.50%-10.70%0.30%-6.80%34.60%77.20%
Earnings Yield-35.73%-6.25%3.57%-0.51%
FCF Yield-17.49%-12.97%-10.27%-0.99%
Payout Ratio2.34%
Buyback Yield / Dilution-1.09%-0.75%-0.53%-1.48%-16.63%-0.87%