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Intchains Group Ltd

ICG Clue Score26
Cayman Islands Fiscal year ends December CIK 0001895597
$1.11 +9.90% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $1.11 −84.37% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 16 Mar 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue54.6Operating income5.5Net income8.2EPS, diluted0.08Fiscal year 2021Revenue631.8 +1,057.1%Operating income447.3Net income450.1 +5,358.3%EPS, diluted4.46 +5,475.0%Fiscal year 2022Revenue473.7 −25.0%Operating income322.7Net income355.2 −21.1%EPS, diluted3.02 −32.3%Fiscal year 2023Revenue82.2 −82.6%Operating income−65.0Net income−26.8 −107.5%EPS, diluted−0.22 −107.3%Fiscal year 2024Revenue281.8 +242.7%Operating income2.9Net income51.5EPS, diluted0.43Fiscal year 2025Revenue220.9 −21.6%Operating income−104.7Net income−47.5 −192.3%EPS, diluted−0.39 −190.7%
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 54.6 631.8 473.7 82.2 281.8 220.9
Growth +1,057.1% −25.0% −82.6% +242.7% −21.6%
Operating income 5.5 447.3 322.7 −65.0 2.9 −104.7
Net income 8.2 450.1 355.2 −26.8 51.5 −47.5
Growth +5,358.3% −21.1% −107.5% −192.3%
EPS, diluted 0.08 4.46 3.02 −0.22 0.43 −0.39
Growth +5,475.0% −32.3% −107.3% −190.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin57.3%Operating margin10.1%Net margin15.1%Free cash flow margin28.1%Fiscal year 2021Gross margin82.0%Operating margin70.8%Net margin71.2%Free cash flow margin62.3%Fiscal year 2022Gross margin81.6%Operating margin68.1%Net margin75.0%Free cash flow margin68.1%Fiscal year 2023Gross margin11.0%Operating margin−79.0%Net margin−32.6%Free cash flow margin−62.8%Fiscal year 2024Gross margin53.7%Operating margin1.0%Net margin18.3%Free cash flow margin−52.6%Fiscal year 2025Gross margin7.2%Operating margin−47.4%Net margin−21.5%Free cash flow margin−44.2%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 57.3% 82.0% 81.6% 11.0% 53.7% 7.2%
Operating margin 10.1% 70.8% 68.1% −79.0% 1.0% −47.4%
Net margin 15.1% 71.2% 75.0% −32.6% 18.3% −21.5%
Free cash flow margin 28.1% 62.3% 68.1% −62.8% −52.6% −44.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow15.6Capital expenditure−0.3Free cash flow15.3Fiscal year 2021Operating cash flow395.4Capital expenditure−1.8Free cash flow393.7 +2,467.0%Fiscal year 2022Operating cash flow326.7Capital expenditure−4.0Free cash flow322.7 −18.0%Fiscal year 2023Operating cash flow−4.7Capital expenditure−46.9Free cash flow−51.6 −116.0%Fiscal year 2024Operating cash flow−138.3Capital expenditure−10.1Free cash flow−148.3Fiscal year 2025Operating cash flow−92.9Capital expenditure−4.7Free cash flow−97.6
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 15.6 395.4 326.7 −4.7 −138.3 −92.9
Capital expenditure −0.3 −1.8 −4.0 −46.9 −10.1 −4.7
Free cash flow 15.3 393.7 322.7 −51.6 −148.3 −97.6
Growth +2,467.0% −18.0% −116.0%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2020Shareholders’ equity34.2Fiscal year 2021Cash502.4Shareholders’ equity578.4Fiscal year 2022Cash712.2Shareholders’ equity933.6Fiscal year 2023Cash585.2Shareholders’ equity950.3Fiscal year 2024Cash322.3Shareholders’ equity1,013.1Fiscal year 2025Cash221.7Shareholders’ equity976.6
FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a 502.4 712.2 585.2 322.3 221.7
Shareholders’ equity 34.2 578.4 933.6 950.3 1,013.1 976.6

In millions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of CNY, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
15.6 395.4 326.7 −4.7 −138.3 −92.9
Growth +2,437.0% −17.4% −101.4%
0.4 0.6 1.8 3.8 4.5 6.2
Investment
−0.3 −1.8 −4.0 −46.9 −10.1 −4.7
calc 15.3 393.7 322.7 −51.6 −148.3 −97.6
Growth +2,467.0% −18.0% −116.0%
calc 0.15 3.90 2.74 −0.43 −1.24 −0.81
−0.3 −1.8 −116.9 −174.6 −125.9 −12.3
Financing
0.3 89.1 0.0 51.2 0.0 7.4

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative. Shown in CNY as filed; the screener converts to dollars.