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ICG on Nasdaq

Intchains Group Ltd

Intchains Group Ltd is a semiconductors and related devices company in the Cayman Islands.1 Its shares trade on Nasdaq under the symbol ICG.1

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Last updated Oct 21, 2026.

Overview

$31.6MRevenue, fiscal 20252
-$6.8MNet income, fiscal 20252

Compare with SuperCom Ltd, NVE CORP /NEW/ or Blaize Holdings, Inc., or pick any stock.

  • TickerICG on Nasdaq1
  • IndustrySemiconductors & Related Devices1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressBuilding 16, Lane 999,Xinyuan South Road, Lin-Gang Special Area, Pudong, Shanghai3
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Shanghai. On May 31, 2024, Intchains (Malaysia) Sdn. Bhd. was incorporated in Malaysia as a wholly-owned subsidiary of Intchains Pte.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

7.2%Gross margin2
-47.4%Operating margin2
-21.5%Net margin2
-18.2%Revenue growth, 20252
-4.9%Return on equity2
-$14.0MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue64¢$29.3M
  • Research and development24¢$11.1M
  • Income tax11¢$5.2M

Out of $31.6M in revenue.2 The company lost money this year.

Financial statements

Revenue5672$31.6M in 2025−54% since 2022
0$20.0M$40.0M$60.0M$80.0M2022: $68.7M$68.7M20222023: $11.6M$11.6M2023−83%2024: $38.6M$38.6M2024+233%2025: $31.6M$31.6M2025−18%
Gross profit5672$2.3M in 2025−96% since 2022
0$20.0M$40.0M$60.0M2022: $56.1M$56.1M20222023: $1.3M$1.3M2023−98%2024: $20.7M$20.7M2024+1521%2025: $2.3M$2.3M2025−89%
Operating income5672-$15.0M in 2025
-$20.0M0$20.0M$40.0M$60.0M2022: $46.8M$46.8M20222023: -$9.2M-$9.2M20232024: $403.0K$403.0K20242025: -$15.0M-$15.0M2025
Net income5672-$6.8M in 2025
-$20.0M0$20.0M$40.0M$60.0M2022: $51.5M$51.5M20222023: -$3.8M-$3.8M20232024: $7.1M$7.1M20242025: -$6.8M-$6.8M2025
Fiscal year202020212022202320242025
Revenue$68.7M5$11.6M6$38.6M7$31.6M2
Cost of revenue$12.6M5$10.3M6$17.9M7$29.3M2
Gross profit$56.1M5$1.3M6$20.7M7$2.3M2
Research and development$7.0M5$6.0M6$15.0M7$11.1M2
Operating expenses$9.3M5$10.4M6$20.3M7$17.3M2
Operating income$46.8M5-$9.2M6$403.0K7-$15.0M2
Interest$11.0K5
Income before tax$53.2M5-$5.0M6$6.9M7-$12.0M2
Income tax$1.7M5-$1.2M6-$181.0K7-$5.2M2
Net income$51.5M5-$3.8M6$7.1M7-$6.8M2
Earnings per share$0.085$4.466$0.445-$0.036$0.067-$0.062
Earnings per share (diluted)$0.085$4.466$0.445-$0.036$0.067-$0.062
Shares (weighted, basic)100.9M shares6117.6M shares7119.4M shares2119.9M shares2120.9M shares2
Shares (weighted, diluted)100.9M shares6117.6M shares7119.4M shares2120.0M shares2120.9M shares2

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Corporate structure

Intchains Group Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Intchains Group Ltd

  • Ding Qiang Filed SCHEDULE 13G/A on Intchains Group Ltd, latest May 12, 2026 (2 filings since Feb 13, 2024)
  • Golden Stone Capital Ltd Filed SCHEDULE 13G/A on Intchains Group Ltd, latest May 12, 2026 (3 filings since Feb 14, 2024)
  • Zhou Weimin Filed SCHEDULE 13G/A on Intchains Group Ltd, latest Jan 27, 2026 (2 filings since Feb 14, 2024)
  • Yang Feng Filed SC 13G on Intchains Group Ltd, latest Feb 14, 2024
  • Sheng Chaohua Filed SC 13G on Intchains Group Ltd, latest Feb 13, 2024
  • Intchains Group Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Intchains Group Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress107.9M CNY2 Dec 31, 2024
Property and equipment, before depreciation158.5M CNY2 Dec 31, 2025168.1M CNY2 Dec 31, 2024−5.7%
Accumulated depreciation16.7M CNY2 Dec 31, 202510.8M CNY2 Dec 31, 2024+54.1%
Property and equipment, net$20.2M2 Dec 31, 2025
Operating-lease assets (leased space)$157.0K2 Dec 31, 2025$37.0K7 Dec 31, 2024+324.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$31.7M2 Dec 31, 2025$44.1M7 Dec 31, 2024−28.2%
Marketable securities, current$38.3M2 Dec 31, 2025$27.2M7 Dec 31, 2024+40.6%
Stakes in other companies (equity method)$55.0K2 Dec 31, 2025
Long-term investments$2.8M7 Dec 31, 2024

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross13.1M CNY2 Dec 31, 20254.0M CNY2 Dec 31, 2024+224.6%
Accumulated amortization1.1M CNY2 Dec 31, 2025476.0K CNY2 Dec 31, 2024+131.3%
Finite-lived intangibles, net$1.7M2 Dec 31, 2025$487.0K7 Dec 31, 2024+251.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$7.5M2 Dec 31, 2025
Raw materials26.7M CNY2 Dec 31, 202529.8M CNY2 Dec 31, 2024−10.6%
Work in process120.2M CNY2 Dec 31, 2025127.7M CNY2 Dec 31, 2024−5.9%
Finished goods62.3M CNY2 Dec 31, 20252.3M CNY2 Dec 31, 2024+2553.6%

Leadership

Who has led Intchains Group Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ding Qiang2026–now

Chief financial officer

  1. Chaowei Yan2026–now
Board members and other officers (6)

Timeline

  1. Mar 18, 2026New chief executive Ding Qiang becomes CEO9

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/202615

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

106 filings to the SEC since October 2021: 5 annual reports, 13 insider forms, 9 large holders, 79 other. The latest 20:

  1. Sep 18, 20266-K EDGAR
  2. Sep 8, 20263 EDGAR
  3. Sep 1, 20266-K EDGAR
  4. Aug 20, 20266-K EDGAR
  5. Aug 19, 20264/A EDGAR
  6. Aug 19, 20264/A EDGAR
  7. Aug 19, 20264/A EDGAR
  8. May 12, 2026SCHEDULE 13G/A EDGAR
  9. May 12, 2026SCHEDULE 13G/A EDGAR
  10. May 7, 20264 EDGAR
  11. May 7, 20264 EDGAR
  12. May 7, 20264 EDGAR
  13. May 6, 20266-K EDGAR
  14. Apr 17, 2026S-8 EDGAR
  15. Apr 17, 20266-K EDGAR
  16. Apr 13, 202620-F EDGAR
  17. Mar 31, 20263 EDGAR
  18. Mar 25, 20263 EDGAR
  19. Mar 18, 20263 EDGAR
  20. Mar 18, 20263 EDGAR

The 106 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Ding QiangSCHEDULE 13G/A, 2 filings Feb 13, 2024 to May 12, 202616
  • Golden Stone Capital LtdSCHEDULE 13G/A, 3 filings Feb 14, 2024 to May 12, 202617
  • Zhou WeiminSCHEDULE 13G/A, 2 filings Feb 14, 2024 to Jan 27, 202618
  • Yang FengSC 13G, 1 filing Feb 14, 202419
  • Sheng ChaohuaSC 13G, 1 filing Feb 13, 202420

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Marex Group Ltd58,251$36.7K0.0%+43,129
Goldman Sachs Group Inc24,257$15.3K0.0%−36,306
SmartHarvest Portfolios, LLC22,730$14.3K0.0%−29,572
UBS Group AG2,359$1.5K0.0%+1,909
Morgan Stanley1,629$1.0K0.0%No change
Rhumbline Advisers632$3970.0%+605
Jpmorgan Chase & Co75$500.0%−85
SBI Securities Co., Ltd.2$10.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Intchains Group Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARIntchains Group Ltd1
  • CIK0001895597
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)3674 Semiconductors & Related Devices1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business addressBuilding 16, Lane 999,Xinyuan South Road, Lin-Gang Special Area, Pudong, Shanghai, China1
  • Phone86 021 589610801
  • Shares outstanding121,423,854 shares as of Dec 31, 20254
  • AuditorMaloneBailey, LLP, Houston, Texas PCAOB ID 2064
  • On EDGAR sinceJan 18, 20221
  • Filings106 in all: 6-K (27), CORRESP (12), UPLOAD (10), F-1/A (8), 3 (7), SC 13G (5), 20-F (4), DRSLTR (4)1
    All 24 form types

    SCHEDULE 13G/A (4), 4 (3), 4/A (3), DRS/A (3), EFFECT (3), F-3/A (2), S-8 (2), 20-F/A (1), 424B4 (1), 424B5 (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-3 (1), F-6 (1)

  • Latest filingsAnnual report (20-F) Apr 13, 2026

Securities registered for trading

ClassSymbolExchange
American Depositary Shares, each representing two Class A ordinary shares, par value $0.000001 per shareICGThe Nasdaq Stock Market LLC
Class A Ordinary Shares, par value US$0.000001 per share*The Nasdaq Stock Market LLC

From the cover page of the 20-F filed Apr 13, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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