IC Group (ICGH) Q2 2026 earnings summary

Executive summary

• Q2 2026 delivered 26% year-over-year revenue growth, with 97% of growth generated organically and adjusted EBITDA up 345%.

• Recurring revenue represented 67% of Q2 revenue, driven by all three business segments.

• The company operates three segments: IC Engage (promotions, loyalty), IC Mobile (enterprise messaging), and IC Insurance (specialty risk management for live events).

• Strategic focus is on scaling organic growth, improving operational efficiency, and expanding recurring revenue.

• Secured major new contracts, including a Fortune 50 renewal and a three-year exclusive venue technology partnership.

Financial highlights

• Q2 2026 revenue reached $8.2 million, up 26% year-over-year and 5% sequentially from Q1.

• Adjusted EBITDA rose 345% year-over-year to $0.67 million, remaining stable sequentially.

• Q2 gross margin was 42%, down from 46% last year, reflecting segment mix and margin compression in IC Mobile.

• Cash at quarter-end was $2.3 million; long-term debt was $8.5 million, reduced by $1.5 million year-over-year.

• Market capitalization is approximately $17.3 million, or 0.86x trailing 12-month revenue.

Outlook and guidance

• Focus for 2026 is on organic scaling, operational efficiency, and margin recovery, especially in mobile.

• Margin improvements expected as price actions and efficiency initiatives in mobile segment take effect.

• Continued expansion of live event network and new venue partnership to drive future growth.

• No significant technology investments anticipated after current mobile platform migration completes in Q3.

• Management expects benefits from pricing adjustments and enhanced messaging platform migration.