ITG's First Quarter as a Public Company: Revenue Climbs 38%, but Net Income Drops 85%
ITG sits 28% above its 52-week low of $10.37 on light trading volume (0.4× avg).
Summary
ITG's first quarterly report as a public company shows revenue up 38% to $404.6M but net income down 85% to $1.8M due to higher interest costs. Backlog grew to $1.52B.
Key Events · Earnings and Guidance · ITG
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Revenue Surges 38%
Q2 2026 revenue reached $404.6 million, up from $292.4 million a year ago, driven by $101.3 million from acquired businesses and organic growth.
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Net Income Plunges 85%
Net income fell to $1.8 million from $11.6 million, primarily due to interest expense more than doubling to $19.5 million on higher debt.
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Backlog Grows to $1.52B
Next-twelve-month backlog increased 14% from year-end to $1.52 billion, signaling strong future revenue visibility.
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New Acquisition Disclosed
On August 10, 2026, the company acquired a Tampa-based construction company for cash; terms were not material.
Analysis · ITG · Real Estate & Construction
ITG's first 10-Q as a public company reveals robust revenue growth of 38.4% to $404.6 million, fueled by acquisitions and organic expansion. Yet net income fell 84.6% to $1.8 million, as interest expense surged 182% to $19.5 million on higher debt levels. The next-twelve-month backlog grew to $1.52 billion, up 14% from year-end, signaling continued demand. A new acquisition in Tampa was also disclosed, though terms were not material. Overall, the results underscore an aggressive growth strategy alongside a heavy debt burden and thin profitability.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ITG was trading at $13.25 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $640.9M. The 52-week trading range was $10.37 to $19.26. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.