ICG revenueFY2025CN¥220.86M
- FY YoY
- -21.6%
- 5Y CAGR
- +32.2%
ICG revenue was CN¥220.86M for fiscal 2025 (ended Dec 31, 2025), down 21.6% from fiscal 2024. Compound annual growth was +32.2% over 5 years. It rose in 2 of the last 5 fiscal years.
Intchains Group Limited (ICG) financials
For fiscal 2025 (ended Dec 31, 2025), Intchains Group Limited reported CN¥220.86M of revenue and -CN¥47.53M of net income. Figures are in CNY, the currency of its SEC filings.
- Revenue, FY2025
- CN¥220.86M
- Revenue growth, YoY
- -21.6%
- Net income, FY2025
- -CN¥47.53M
- Net margin
- -21.5%
- Free cash flow, FY2025
- -CN¥97.64M
- EPS, diluted, FY2025
- -CN¥0.39
- Cash
- CN¥221.66M
FY2020FY2025
FY2020FY2025
FY2020FY2025
ICG revenue and earnings growth
ICG net incomeFY2025-CN¥47.53M
ICG net income was -CN¥47.53M for fiscal 2025 (ended Dec 31, 2025), compared with CN¥51.50M in fiscal 2024.
ICG EPSFY2025-CN¥0.39
ICG diluted EPS was -CN¥0.39 for fiscal 2025 (ended Dec 31, 2025), compared with CN¥0.43 in fiscal 2024.
ICG free cash flowFY2025-CN¥97.64M
ICG free cash flow was -CN¥97.64M for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥148.33M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue | CN¥220.86M | CN¥281.77M | CN¥82.22M | CN¥473.74M | CN¥631.84M | CN¥54.60M |
| Cost of revenue | CN¥204.90M | CN¥130.45M | CN¥73.15M | CN¥87.02M | CN¥113.95M | CN¥23.33M |
| Gross profit | CN¥15.96M | CN¥151.31M | CN¥9.08M | CN¥386.72M | CN¥517.88M | CN¥31.27M |
| Research and development | CN¥77.30M | CN¥109.44M | CN¥42.30M | CN¥48.39M | CN¥53.15M | CN¥22.48M |
| Selling, general and admin | CN¥34.45M | CN¥30.25M | CN¥25.21M | CN¥11.56M | CN¥14.40M | CN¥3.17M |
| Operating income | -CN¥104.68M | CN¥2.95M | -CN¥64.97M | CN¥322.70M | CN¥447.32M | CN¥5.54M |
| Interest expense | - | - | - | CN¥73.0K | CN¥197.0K | CN¥168.0K |
| Pre-tax income | -CN¥83.86M | CN¥50.18M | -CN¥35.55M | CN¥367.06M | CN¥450.14M | CN¥8.25M |
| Income tax | -CN¥36.32M | -CN¥1.32M | -CN¥8.76M | CN¥11.86M | CN¥0 | CN¥0 |
| Net income | -CN¥47.53M | CN¥51.50M | -CN¥26.80M | CN¥355.20M | CN¥450.14M | CN¥8.25M |
| EPS, basic | -CN¥0.39 | CN¥0.43 | -CN¥0.22 | CN¥3.02 | CN¥4.46 | CN¥0.08 |
| EPS, diluted | -CN¥0.39 | CN¥0.43 | -CN¥0.22 | CN¥3.02 | CN¥4.46 | CN¥0.08 |
| Diluted shares | 120.9M | 120.0M | 119.4M | 117.6M | 100.9M | 100.0M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | CN¥221.66M | CN¥322.25M | CN¥585.17M | CN¥712.23M | CN¥502.42M | - |
| Short-term investments | CN¥267.53M | CN¥198.56M | CN¥103.17M | CN¥0 | - | - |
| Inventory | CN¥52.15M | CN¥98.61M | - | - | - | - |
| Current assets | CN¥603.11M | CN¥720.90M | CN¥777.52M | CN¥831.98M | CN¥607.36M | - |
| Total assets | CN¥1.02B | CN¥1.09B | CN¥979.25M | CN¥953.13M | CN¥611.26M | - |
| Current liabilities | CN¥42.79M | CN¥76.44M | CN¥28.16M | CN¥19.20M | CN¥31.60M | - |
| Total liabilities | CN¥43.35M | CN¥76.44M | CN¥28.93M | CN¥19.53M | CN¥32.86M | - |
| Shareholders' equity | CN¥976.55M | CN¥1.01B | CN¥950.33M | CN¥933.60M | CN¥578.40M | CN¥34.19M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -CN¥92.93M | -CN¥138.25M | -CN¥4.71M | CN¥326.69M | CN¥395.42M | CN¥15.59M |
| Capital expenditures | CN¥4.72M | CN¥10.08M | CN¥46.90M | CN¥4.02M | CN¥1.77M | CN¥251.0K |
| Free cash flow | -CN¥97.64M | -CN¥148.33M | -CN¥51.61M | CN¥322.67M | CN¥393.65M | CN¥15.34M |
| Investing cash flow | -CN¥12.31M | -CN¥125.94M | -CN¥174.56M | -CN¥116.87M | -CN¥1.77M | -CN¥251.0K |
| Financing cash flow | CN¥7.39M | CN¥0 | CN¥51.22M | CN¥0 | CN¥89.14M | CN¥251.0K |
| Stock-based compensation | CN¥8.65M | CN¥8.97M | CN¥3.47M | CN¥0 | CN¥0 | - |
| Depreciation and amortization | CN¥6.18M | CN¥4.51M | CN¥3.83M | CN¥1.81M | CN¥553.0K | CN¥358.0K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue growth, YoY | -21.6% | 242.7% | -82.6% | -25.0% | 1057.1% | - |
| Net income growth, YoY | - | - | - | -21.1% | 5358.3% | - |
| EPS growth, YoY | - | - | - | -32.3% | 5475.0% | - |
| Gross margin | 7.2% | 53.7% | 11.0% | 81.6% | 82.0% | 57.3% |
| Operating margin | -47.4% | 1.0% | -79.0% | 68.1% | 70.8% | 10.1% |
| Net margin | -21.5% | 18.3% | -32.6% | 75.0% | 71.2% | 15.1% |
| Free cash flow margin | -44.2% | -52.6% | -62.8% | 68.1% | 62.3% | 28.1% |
| Return on equity | -4.9% | 5.1% | -2.8% | 38.0% | 77.8% | 24.1% |
| Return on assets | -4.7% | 4.7% | -2.7% | 37.3% | 73.6% | - |
| Current ratio | 14.10 | 9.43 | 27.61 | 43.34 | 19.22 | - |
Source: XBRL data Intchains Group Limited files with the SEC, latest filing dated Apr 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
ICG peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| ICG | CN¥220.86M | -21.6% | -CN¥47.53M | -21.5% | $178.8M |
| NVDA | $302.97B | +83.4% | $192.88B | 63.7% | $4.31T |
| TSM | NT$3.81T | +31.6% | NT$1.70T | 44.6% | $2.02T |
| AVGO | $89.10B | +48.7% | $38.27B | 42.9% | $1.53T |
| AMD | $45.44B | +41.9% | $7.62B | 16.8% | $834.12B |
| MU | $133.19B | +256.3% | $84.97B | 63.8% | $829.50B |
| INTC | $59.89B | +12.1% | -$12.03B | -20.1% | $315.55B |
| AMAT | $30.84B | +7.8% | $9.27B | 30.1% | $294.06B |
ICG FAQ
9 questionsWhat is ICG revenue?
Intchains Group Limited (ICG) reported CN¥220.86M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 21.6% from the year before.Is ICG profitable?
No. Intchains Group Limited reported a net loss of CN¥47.53M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does ICG have?
Intchains Group Limited reported CN¥221.66M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is ICG revenue growing?
Intchains Group Limited's revenue changed -21.6% in fiscal 2025, to CN¥220.86M. Its compound annual growth rate was +32.2% over 5 years.What is ICG gross margin?
Intchains Group Limited's gross profit was CN¥15.96M on CN¥220.86M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 7.2%.What is ICG free cash flow?
Intchains Group Limited generated -CN¥97.64M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -CN¥92.93M less capital expenditures.What is ICG earnings per share?
Diluted earnings per share were -CN¥0.39 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did ICG last report financial results?
The latest statements here come from Intchains Group Limited's 20-F filed on Apr 13, 2026, covering the period ended Dec 31, 2025.Where does this ICG financial data come from?
Quantisnow builds these statements from the structured XBRL data Intchains Group Limited files with the SEC. It is provided for information only and is not investment advice.