Intchains Group (NASDAQ:ICG) Posts Earnings Results

Intchains Group (NASDAQ:ICG) issued its quarterly earnings results on Thursday. The company reported ($0.15) earnings per share (EPS) for the quarter, FiscalAI reports. Intchains Group had a negative return on equity of 5.24% and a negative net margin of 24.68%.The company had revenue of $5.16 million for the quarter, compared to analyst estimates of $42.70 million.

Here are the key takeaways from Intchains Group’s conference call:

• Intchains launched multiple next‑generation miners in 2025 (Aleo, Dogecoin, XTM and the multi‑algorithm Byte Dual Miner), with the XTM series driving a significant portion of Q4 revenue and boosting market interest.
• The company materially expanded its ETH treasury, increasing holdings from 5,702 to 8,822 ETH in 2025 and surpassing 9,000 ETH by Feb 2026, and now stakes ~2,600 ETH across FalconX and its Goldshell Stake platform (including ~1,359 ETH from third‑party users).
• FY2025 results showed pressure: revenue fell ~21.6% to RMB 220.9 million, net loss of RMB 52 million, and cost of revenue rose 56.1% largely due to impairment charges on excess inventory.
• Regulatory risk increased after China’s Feb 6 notice restricting mining‑machine sales in Mainland China; management says it expects no material impact but is implementing compliance and rectification measures.
• Management plans margin improvement in 2026 through cost optimization (headcount and organizational restructuring), continued R&D on new mining products (targeting H2 2026 launches), and a dual‑platform staking strategy to monetize idle ETH.

Intchains Group Stock Down 6.0%

NASDAQ ICG traded down $0.08 during trading hours on Friday, hitting $1.26. The company’s stock had a trading volume of 23,689 shares, compared to its average volume of 53,220. Intchains Group has a twelve month low of $0.93 and a twelve month high of $4.19. The firm has a market capitalization of $76.49 million, a P/E ratio of -10.50 and a beta of 1.37. The stock has a fifty day moving average of $1.78 and a 200 day moving average of $1.71.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ICG. Goldman Sachs Group Inc. grew its stake in shares of Intchains Group by 509.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 100,759 shares of the company’s stock worth $180,000 after purchasing an additional 84,228 shares during the period. SmartHarvest Portfolios LLC bought a new position in Intchains Group during the fourth quarter worth about $121,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Intchains Group during the 1st quarter worth about $142,000. Finally, XTX Topco Ltd grew its position in shares of Intchains Group by 190.2% during the 4th quarter. XTX Topco Ltd now owns 75,354 shares of the company’s stock worth $135,000 after buying an additional 49,389 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ICG. Benchmark reiterated a “buy” rating on shares of Intchains Group in a research report on Monday, December 8th. Wall Street Zen upgraded shares of Intchains Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. UBS Group reiterated a “neutral” rating on shares of Intchains Group in a research report on Monday, December 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Intchains Group in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Intchains Group Company Profile

Intchains Group Ltd (NASDAQ: ICG) is a technology company specializing in blockchain-based big data solutions. The company offers a suite of products and services aimed at enhancing data security, traceability and certification across diverse industries. Its core offerings include blockchain-powered data rights management, digital certificate issuance, supply-chain traceability platforms and analytics tools that leverage immutable ledgers to ensure data integrity.

Established in 2016 and headquartered in Beijing, Intchains Group serves a range of clients including government agencies, logistics providers, manufacturers and financial institutions.