Intchains Group (NASDAQ:ICG) Announces Quarterly Earnings Results

Intchains Group (NASDAQ:ICG) announced its quarterly earnings data on Thursday. The company reported ($0.15) EPS for the quarter, FiscalAI reports. The firm had revenue of $5.16 million during the quarter, compared to the consensus estimate of $42.70 million. Intchains Group had a net margin of 36.01% and a return on equity of 8.98%.

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 Price Performance

Intchains Group stock traded down $0.08 during mid-day trading on Friday, reaching $1.26. 23,077 shares of the stock traded hands, compared to its average volume of 61,876. Intchains Group has a 12-month low of $0.93 and a 12-month high of $4.19. The business’s 50-day moving average is $1.80 and its 200-day moving average is $1.71. The stock has a market capitalization of $76.49 million, a PE ratio of 6.00 and a beta of 1.37.

Institutional Investors Weigh In On Intchains Group

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Intchains Group in the 1st quarter worth approximately $142,000. Goldman Sachs Group Inc. boosted its position in shares of Intchains Group by 509.5% in 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 shares of Intchains Group in the fourth quarter worth approximately $121,000. Finally, XTX Topco Ltd increased its stake in shares of Intchains Group by 190.2% in the fourth quarter. XTX Topco Ltd now owns 75,354 shares of the company’s stock worth $135,000 after purchasing an additional 49,389 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen upgraded Intchains Group from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Benchmark reissued a “buy” rating on shares of Intchains Group in a report on Monday, December 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Intchains Group in a research report on Thursday, January 22nd. Finally, UBS Group reissued a “neutral” rating on shares of Intchains Group in a report on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Intchains Group currently has a consensus rating of “Hold” and a consensus target price of $7.50.

About Intchains Group

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.