IC Group (ICGH) Q3 2025 earnings summary

Executive summary

• Achieved 74% year-over-year revenue growth in Q3 2025, with strong performance and growth across all business units and segments.

• Annual recurring revenue (ARR) comprised 66%–68% of revenue, supporting future performance visibility and reflecting robust customer relationships.

• Expanded global market reach to over 30 countries, serving enterprise, sports, and entertainment clients.

• Platform enables brands and sports teams to engage consumers at scale, driving measurable revenue growth and actionable data.

Financial highlights

• Q3 2025 consolidated revenue reached $7.3 million, up 74% year-over-year; nine-month revenue totaled $19.8 million, up 59%.

• Gross profit for Q3 was $3.3 million (45% margin), up 61% year-over-year; year-to-date gross profit was $9.0 million, up 39%.

• Adjusted EBITDA for Q3 was $0.4 million, up 166% sequentially; year-to-date Adjusted EBITDA was $0.7 million.

• Mobile messaging revenue grew 116% in Q3 and 103% year-to-date.

• Net loss narrowed to ($0.4) million in Q3 2025 from ($3.2) million in Q3 2024.

Outlook and guidance

• Targeting annual revenue growth of 40%+, with adjusted EBITDA margin of 8%–12% near term and 15%–20% long term.

• ARR expected to remain in the 70%–75% range.

• Two new agreements with a global enterprise technology customer valued at up to US$7.8 million to be delivered through late 2025 and 2026.

• Positive adjusted EBITDA and cash flow anticipated in the back half of next year.