--- title: "ITG | 8-K: FY2026 Q2 Revenue: USD 404.63 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295705962.md" datetime: "2026-08-12T20:29:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295705962.md) - [en](https://longbridge.com/en/news/295705962.md) - [zh-HK](https://longbridge.com/zh-HK/news/295705962.md) generator: "portal-rs" --- # ITG | 8-K: FY2026 Q2 Revenue: USD 404.63 M Revenue: As of FY2026 Q2, the actual value is USD 404.63 M. EPS: As of FY2026 Q2, the actual value is USD 0.01. EBIT: As of FY2026 Q2, the actual value is USD 21.59 M. ### Second Quarter 2026 Financial Highlights #### Revenue ITG, Inc.’s revenue increased 38% year-over-year to $404.6 million for the second quarter ended June 30, 2026. #### Net Income Net Income was $1.8 million for the second quarter, representing an -84.6% year-over-year change. #### Adjusted Net Income Adjusted Net Income for Q2 2026 was $13.6 million, a -24.9% year-over-year change. #### Adjusted EBITDA Adjusted EBITDA increased 21% year-over-year to $52.2 million, with an Adjusted EBITDA Margin of 12.9% in Q2 2026, compared to 14.8% in Q2 2025. #### Free Cash Flow Free Cash Flow increased 66% year-over-year to $44.8 million, with a Free Cash Flow Conversion of 85.7%. #### Operational Costs (Three Months Ended June 30, 2026 vs. 2025) - Cost of revenue, excluding depreciation and amortization, was $332.581 million in 2026, compared to $237.091 million in 2025. - Selling, general and administrative expenses were $28.141 million in 2026, compared to $15.765 million in 2025. - Depreciation and amortization expenses totaled $21.014 million in 2026, compared to $13.988 million in 2025. - Interest expense was - $19.534 million in 2026, compared to - $6.919 million in 2025. - Other expense, net, was - $1.008 million in 2026, compared to - $1.042 million in 2025. #### Segment Revenue (Q2 2026) Revenue from Engineering & Maintenance increased 45.6% year-over-year to $239.4 million. Infrastructure Deployment revenue grew 29.1% year-over-year to $165.2 million. #### Days Sales Outstanding (DSOs) DSOs were 33 days in Q2 2026, compared to 37 days in Q1 2026 and 31 days in Q2 2025. #### Contract Asset Days Contract asset days, including unbilled revenue, totaled 69 days in Q2 2026, compared to 71 days in Q1 2026 and 56 days in Q2 2025. ### Six Months Ended June 30, 2026 Financial Overview #### Revenue Revenue was $738.555 million in 2026, compared to $517.792 million in 2025, representing a 42.6% year-over-year increase to $738.6 million. #### Net Income/Loss Net loss was - $11.370 million in 2026, compared to net income of $13.180 million in 2025. #### Adjusted Net Income Adjusted Net Income for YTD 2026 was $23.1 million, a -12.0% year-over-year change. #### Adjusted EBITDA Adjusted EBITDA was $88.415 million in 2026, compared to $70.757 million in 2025, an increase of 25.4% year-over-year to $88.4 million. Adjusted EBITDA Margin was 12.0% in 2026, compared to 13.7% in 2025. #### Free Cash Flow Free Cash Flow was $72.446 million in 2026, compared to $42.130 million in 2025, an increase of 73.1% year-over-year to $72.4 million. Free Cash Flow Conversion was 81.9% in 2026, compared to 59.5% in 2025. #### Operational Costs (Six Months Ended June 30, 2026 vs. 2025) - Cost of revenue, excluding depreciation and amortization, was $613.647 million in 2026, compared to $423.696 million in 2025. - Selling, general and administrative expenses were $53.713 million in 2026, compared to $30.546 million in 2025. - Depreciation and amortization expenses totaled $41.439 million in 2026, compared to $27.245 million in 2025. - Interest expense was - $37.759 million in 2026, compared to - $13.745 million in 2025. - Other expense, net, was - $1.927 million in 2026, compared to - $2.030 million in 2025. #### Cash Flow from Operating Activities Net cash used in operating activities was - $47.042 million for the six months ended June 30, 2026, compared to net cash provided by operating activities of $11.745 million for the same period in 2025. #### Segment Revenue (YTD 2026) Revenue from Engineering & Maintenance increased 48.4% year-over-year to $451.1 million. Infrastructure Deployment revenue grew 34.4% year-over-year to $287.5 million. ### Balance Sheet and Liquidity (as of June 30, 2026) ITG, Inc. reported cash of $2.5 million and total debt of $862.1 million, resulting in Net Debt of $859.6 million. Total liquidity stood at $66.7 million. Pro forma (Post-IPO) figures show cash remaining at $2.5 million, total debt reduced to $538.6 million, and net debt at $536.1 million. Pro forma total liquidity increased to $165.5 million, and the Proforma Net Leverage Ratio improved from 4.47 to 2.84 on a pro forma (Post-IPO) basis. ### Other Key Operational Metrics Next Twelve Month (NTM) Backlog reached $1,517 million as of June 30, 2026, an increase from $1,259 million as of June 30, 2025, and $1,430 million as of March 31, 2026. ### 2026 Financial Outlook ITG, Inc. is initiating financial guidance for 2026, expecting full-year revenue of $1,556 million, representing approximately 35% year-over-year growth. Adjusted EBITDA is projected to reach $202 million, reflecting about 36% year-over-year growth, with an Adjusted EBITDA Margin of 13.0%. The company also anticipates Adjusted Net Income of $74 million, an 80% increase year-over-year. ### Related Stocks - [ITG.US](https://longbridge.com/en/quote/ITG.US.md) ## Related News & Research - [Argentina Metals Announces Engagement of Market Maker | VLLCF Stock News](https://longbridge.com/en/news/296608997.md) - [Prominent ITG Director Makes Bold Move With Fresh Stock Purchase](https://longbridge.com/en/news/292007250.md) - [Vortex Energy hires Independent Trading Group as CSE market maker for C$ 5,500 monthly fee](https://longbridge.com/en/news/296102301.md) - [ITG appoints Francis A. Braun III and Dylan G. Petre to Board; Braun to chair Audit Committee](https://longbridge.com/en/news/291785453.md) - [ITG Inc. (NASDAQ:ITG) Short Interest Update](https://longbridge.com/en/news/296009509.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**