← Intchains Group Ltd
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net Income From Continuing Operations | — | — | $355.2m | ($26.8m) | $51.5m | ($47.5m) | — | |
| Net Income (Loss) Attributable to Parent | $8.2m | $450.1m | $51.5m | ($3.8m) | $7.1m | ($6.8m) | — | |
| Net Income (Loss) Available to Common Stockholders, Basic | $8.2m | $450.1m | $355.2m | ($26.8m) | $51.5m | ($47.5m) | — | |
| Adjustments to reconcile profit (loss) | $48.4m | $16.9m | $3.0m | $26.6m | $25.9m | $38.2m | $36.8m | |
| Depreciation, Depletion and Amortization | $14.6m | $553k | $262k | $539k | $617k | $884k | $22.1m | |
| Depreciation | $14.6m | $15.5m | $19.7m | $34.0m | $3.8m | $3.2m | $22.1m | |
| Amortization of Intangible Assets | — | — | — | — | $66k | $90k | — | |
| Depreciation Expense | $358k | $553k | $1.8m | $3.8m | $4.5m | $6.2m | — | |
| Amortization of Intangibles | — | — | $0 | $0 | $66k | $636k | — | |
| Amortization Cash Flow | — | — | $0 | $0 | $476k | $636k | — | |
| Depreciation Amortization Depletion | — | — | $1.8m | $3.8m | $5.0m | $6.8m | — | |
| Deferred Income Tax Expense (Benefit) | — | $0 | $6k | ($1.8m) | ($2.2m) | ($5.3m) | — | |
| Deferred taxes | ($3.2m) | ($3.8m) | ($3.0m) | ($6.8m) | ($256k) | $1.5m | ($1.5m) | |
| Deferred Income Tax | — | — | $42k | ($12.9m) | ($16.0m) | ($36.9m) | — | |
| Deferred Tax | — | — | $42k | ($12.9m) | ($16.0m) | ($36.9m) | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | $489k | $1.2m | $1.2m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | $3.5m | $9.0m | $8.7m | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $0 | — | — | — | |
| Share-based compensation expense | — | $0 | $0 | $3.5m | $9.0m | $8.7m | — | |
| Impairment loss of cryptocurrency | — | $0 | $0 | $34k | $0 | — | — | |
| Impairment Charges (CF) | — | — | $0 | $0 | $210k | $74k | — | |
| Share-based compensation | $2.9m | $5.6m | $3.3m | $6.7m | $4.9m | $4.0m | $5.5m | |
| Impairment of goodwill and intangibles | — | — | — | — | $0 | $5.1m | $41.1m | |
| Share-based compensation granted on business acquisition | $0 | ($1.3m) | $0 | — | — | — | — | |
| Asset Impairment Charge | — | — | $0 | $175k | $4.6m | $317k | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | $0 | $0 | ($1k) | $0 | ($5k) | $515k | |
| Income Tax Expense (Benefit) | — | $0 | $1.7m | ($1.2m) | ($181k) | ($5.2m) | — | |
| Income Tax Expense | $0 | $0 | $42k | ($12.9m) | ($16.0m) | ($36.9m) | — | |
| Changes in operating assets and liabilities: | ||||||||
| Changes in non-cash working capital items | $5.7m | ($86k) | ($1.1m) | $2.3m | ($10.2m) | $10.2m | ($11.0m) | |
| Non-cash transactions: | ||||||||
| Additional Financial Items | ||||||||
| Increase (Decrease) in Accounts Receivable | — | ($6.5m) | $0 | $0 | — | — | — | |
| Increase (Decrease) in Inventories | $12.9m | $57.3m | $1.8m | ($1.6m) | $13.1m | $7.3m | — | |
| Increase (Decrease) in Accounts Payable | $441k | $6.0m | ($534k) | ($381k) | $2.0m | ($1.7m) | — | |
| Crypto Asset Realized Gain Loss Nonoperating | — | — | — | — | — | $12k | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | ($60k) | $21k | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($238k) | $507k | ($74k) | $189k | ($481k) | — | |
| General and Administrative Expense | — | $14.4m | $1.7m | $3.6m | $4.1m | $4.9m | — | |
| Inventory Write-down | — | $0 | $1.4m | $24.6m | $39.0m | $92.8m | — | |
| Investment Income, Interest | — | $2.5m | $1.6m | $2.4m | $2.2m | $1.6m | — | |
| Operating Expenses | — | $70.6m | $9.3m | $10.4m | $20.3m | $17.3m | — | |
| Proceeds from Contributed Capital | — | $4.0m | $0 | $0 | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | $79k | — | |
| Revenue recognized in the payment form of cryptocurrency | — | — | $0 | $0 | $122.0m | $45.3m | — | |
| Operating expenses paid in cryptocurrency | — | — | $0 | $0 | $359k | $565k | — | |
| Inventory provision | $0 | $0 | $1.4m | $24.6m | $39.0m | $92.8m | — | |
| Write-down of prepayments | — | $0 | $0 | $141k | $4.4m | $243k | — | |
| Provision for inventory purchase commitments | — | — | $0 | $0 | $401k | — | — | |
| Income from investments | — | $0 | $0 | ($7k) | ($1.9m) | ($4.8m) | — | |
| Change in fair value of investments | — | $0 | $0 | ($174k) | $60k | ($21k) | — | |
| Change in fair value of cryptocurrency | — | — | $0 | $0 | ($21.3m) | ($4.8m) | — | |
| Foreign exchange (gain)/loss | — | $0 | $0 | $843k | ($1.4m) | $2.9m | — | |
| (Increase) /Decrease in USDC | — | — | $0 | $0 | ($1.7m) | $1.0m | — | |
| (Increase) /Decrease in prepayments and other current assets | ($1.9m) | ($30.5m) | ($3.8m) | ($23.5m) | ($25.6m) | $18.8m | — | |
| Decrease/(Increase) in other non-current assets | — | $0 | $0 | ($421k) | $421k | — | — | |
| Change in Deferred Revenue | ($5.7m) | $3.0m | ($3.0m) | $9.8m | $16.7m | ($12.3m) | — | |
| Increase /(Decrease) in income tax payable | $0 | $0 | $2.2m | ($605k) | $389k | ($2.0m) | — | |
| Increase /(Decrease) in provision for warranty | $0 | $0 | ($240k) | ($183k) | $121k | $219k | — | |
| Change in Accrued Liabilities | $2.6m | $17.0m | ($10.9m) | $8.3m | $5.5m | ($8.4m) | — | |
| Proceeds from Investments | — | $0 | $0 | $639k | $401.3m | $1.1b | — | |
| Purchase of cryptocurrency | — | $0 | $0 | ($679k) | ($68.2m) | ($12.7m) | — | |
| Proceeds from sale of cryptocurrency | — | — | $0 | $0 | $45.9m | $16.5m | — | |
| Purchase of intangible assets | — | $0 | $0 | ($3.4m) | $0 | ($984k) | — | |
| Prepayments on long-term assets | $0 | $0 | ($112.9m) | ($569k) | $0 | — | — | |
| Stock Repurchases (Issuances) | $0 | $100.0m | $0 | $61.3m | $0 | $10.1m | — | |
| Payment for cost of issuance | — | $0 | $0 | ($10.1m) | $0 | ($2.7m) | — | |
| Cryptocurrency received for sale of mining machines and remained in contract liabilities | — | — | $0 | $0 | $10.9m | $2.3m | — | |
| Collection of USDC from exchange of USDT | — | — | $0 | $0 | $43.5m | $7.1m | — | |
| Transfer from prepayments on long-term assets to intangible assets | — | — | $0 | $0 | $569k | — | — | |
| Transfer from prepayments on long-term assets to other non-current assets | — | — | $0 | $0 | $9.3m | — | — | |
| Cumulative-effect adjustment due to the adoption of ASU 2023-08 | — | — | $0 | $0 | $332k | — | — | |
| Net (loss) earnings | ($39.7m) | ($17.3m) | ($15.5m) | ($30.1m) | ($16.7m) | $1.3m | ($38.8m) | |
| Change in fair value of contingent consideration | — | — | $0 | $9.2m | ($3.8m) | ($5.6m) | ($2.1m) | |
| Net financial expenses | $231k | $242k | $4.6m | $9.3m | $11.9m | $8.9m | $9.5m | |
| Unrealized foreign exchange loss (gain) | $273k | $1.3m | $299k | ($318k) | $153k | ($966k) | $1.0m | |
| Cash settlement of RSUs, DSUs and PSUs | — | — | — | — | ($371k) | ($264k) | $0 | |
| Additions to intangibles | ($49k) | ($166k) | ($1.4m) | ($849k) | ($41k) | ($239k) | ($316k) | |
| Advances on the Credit Facility, net of related transaction costs | $64.1m | $53.5m | $156.8m | $98.7m | $148.3m | $102.7m | $61.4m | |
| Repayment of the Credit Facility | ($54.4m) | ($49.9m) | ($146.5m) | ($97.5m) | ($159.1m) | ($110.3m) | ($50.8m) | |
| Repayment of secured loans | — | — | — | — | — | ($8.5m) | $0 | |
| Repayment of balances of purchase price payable | — | — | — | — | — | ($4.3m) | ($7.7m) | |
| Repayment of lease liabilities, including lease termination costs | ($1.8m) | ($1.4m) | ($2.7m) | ($3.7m) | ($5.8m) | ($4.6m) | ($3.8m) | |
| Exercise of stock options | $165k | $300k | $299k | $346k | $6k | $0 | $100k | |
| Shares purchased for settlement of RSUs | — | $0 | $0 | ($29k) | $0 | ($148k) | ($205k) | |
| Shares purchased for cancellation | — | $0 | ($1.2m) | ($1.0m) | ($953k) | ($402k) | ($5.2m) | |
| Financial expenses paid | — | — | $3.5m | $8.1m | ($11.0m) | ($8.0m) | ($8.1m) | |
| Cash, beginning of year | ($4.0m) | ($1.9m) | $10.8m | $4.9m | ($13.7m) | $7.1m | ($3.1m) | |
| Cash, end of year | $12.8m | $8.8m | $17.7m | $17.7m | $8.9m | $16.0m | $12.8m | |
| Other | $0 | ($138k) | ($533k) | $0 | ($290k) | $0 | — | |
| Settlement of RSUs | — | — | — | $0 | ($371k) | — | — | |
| Forgiveness of PPP loans | $0 | ($1.9m) | ($5.9m) | $0 | — | — | — | |
| Loss on disposal of intangibles | $28.0m | $0 | $262k | $0 | — | — | — | |
| Right-of-use assets | $222k | $0 | ($132k) | $0 | — | — | — | |
| Proceeds from issuing shares | — | — | $24.7m | $0 | — | — | — | |
| Lease incentives | $0 | $917k | $0 | — | — | — | — | |
| Interest accretion on balances of purchase payable | $318k | $835k | $823k | — | — | — | — | |
| Gain on sale of subsidiary | ($681k) | $0 | — | — | — | — | — | |
| Short-term deposits | $1.3m | $0 | — | — | — | — | — | |
| Line of credit and demand loan drawn (repaid) | ($3.2m) | $0 | — | — | — | — | — | |
| Beginning Cash Position | — | — | $502.4m | $712.2m | $585.2m | $322.3m | — | |
| Cash Flow From Continuing Financing Activities | — | — | $0 | $51.2m | $0 | $7.4m | — | |
| Cash Flow From Continuing Investing Activities | — | — | ($116.9m) | ($174.6m) | ($125.9m) | ($12.3m) | — | |
| Change In Account Payable | — | — | ($3.7m) | ($2.7m) | $14.7m | ($11.8m) | — | |
| Change In Accrued Expense | — | — | ($10.9m) | $8.3m | $5.5m | ($8.4m) | — | |
| Change In Income Tax Payable | — | — | $2.2m | ($605k) | $389k | ($2.0m) | — | |
| Change In Inventory | — | — | ($12.3m) | $11.4m | ($97.5m) | ($50.1m) | — | |
| Change In Other Current Assets | — | — | $0 | ($421k) | $421k | $0 | — | |
| Change In Other Current Liabilities | — | ($875k) | ($935k) | — | — | — | — | |
| Change In Other Working Capital | — | — | ($3.2m) | $9.8m | $16.7m | ($12.1m) | — | |
| Change In Payable | — | — | ($1.4m) | ($3.3m) | $15.0m | ($13.8m) | — | |
| Change In Payables And Accrued Expense | — | — | ($12.3m) | $5.0m | $20.6m | ($22.3m) | — | |
| Change In Prepaid Assets | — | — | ($3.8m) | ($23.5m) | ($25.6m) | $18.8m | — | |
| Change In Receivables | — | $6.5m | $0 | $0 | — | — | — | |
| Change In Tax Payable | — | — | $2.2m | ($605k) | $389k | ($2.0m) | — | |
| Change In Working Capital | — | — | ($31.7m) | $2.3m | ($85.4m) | ($65.7m) | — | |
| Changes In Account Receivables | — | $6.5m | $0 | $0 | — | — | — | |
| Changes In Cash | — | — | $209.8m | ($128.1m) | ($264.2m) | ($97.8m) | — | |
| End Cash Position | — | — | $712.2m | $585.2m | $322.3m | $221.7m | — | |
| Financing Cash Flow | — | — | $0 | $51.2m | $0 | $7.4m | — | |
| Free Cash Flow | — | — | $209.8m | ($55.0m) | ($148.3m) | ($97.6m) | — | |
| Gain Loss On Investment Securities | — | — | — | ($7k) | ($1.9m) | ($4.8m) | — | |
| Gain Loss On Sale Of PPE | — | — | $0 | $4k | $0 | $38k | — | |
| Investing Cash Flow | — | — | ($116.9m) | ($174.6m) | ($125.9m) | ($12.3m) | — | |
| Issuance Of Capital Stock | — | — | $0 | $61.3m | $0 | $10.1m | — | |
| Net Foreign Currency Exchange Gain Loss | — | — | $0 | $843k | ($1.4m) | $2.9m | — | |
| Net Intangibles Purchase And Sale | — | — | $0 | ($3.4m) | $0 | $0 | — | |
| Net PPE Purchase And Sale | — | — | ($116.9m) | ($46.9m) | ($10.1m) | $11.8m | — | |
| Operating Gains Losses | — | — | — | $840k | ($3.3m) | ($1.9m) | — | |
| Other Non Cash Items | — | $113k | — | — | ($143.0m) | ($49.6m) | — | |
| Provisionand Write Offof Assets | — | — | $1.4m | $24.6m | $39.4m | $92.8m | — | |
| Purchase Of Intangibles | — | — | $0 | ($3.4m) | $0 | $0 | — | |
| Purchase Of PPE | — | — | ($116.9m) | ($46.9m) | ($10.1m) | ($4.7m) | — | |
| Sale Of PPE | — | — | — | $0 | $0 | $16.5m | — | |
| Stock Based Compensation | — | — | $0 | $3.5m | $9.0m | $8.7m | — | |
| Unrealized Gain Loss On Investment Securities | — | — | $0 | ($174k) | $60k | ($21k) | — | |
| Net Cash Provided by (Used in) Operating Activities | $15.6m | $395.4m | $47.4m | ($665k) | ($18.9m) | ($13.3m) | $25.8m | |
| Cash flows from investing activities: | ||||||||
| Payments to Acquire Property, Plant, and Equipment | ($251k) | $1.8m | $583k | $6.6m | $1.4m | $674k | ($1.4m) | |
| Property, plant and equipment acquisitions funded by liabilities | $0 | $1.8m | $583k | $6.6m | $1.4m | $674k | $515k | |
| Business acquisitions, net of cash acquired | ($15.2m) | $0 | ($15.7m) | ($14.4m) | $0 | ($6.4m) | ($10.9m) | |
| Payments to Acquire Investments | — | — | — | — | $67.8m | $160.1m | — | |
| Purchase of short-term and long-term investments | — | — | $0 | ($123.6m) | ($494.8m) | ($1.1b) | — | |
| Net Investment Purchase And Sale | — | — | $0 | ($123.0m) | ($93.5m) | ($44.3m) | — | |
| Purchase Of Investment | — | — | $0 | ($123.6m) | ($494.8m) | ($1.1b) | — | |
| Sale Of Investment | — | — | $0 | $639k | $401.3m | $1.1b | — | |
| Business divestiture, cash disposed | — | — | — | — | — | $0 | ($951k) | |
| Net Other Investing Changes | — | — | ($112.9m) | ($1.2m) | ($22.3m) | $20.1m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($251k) | ($1.8m) | ($16.9m) | ($9.2m) | ($17.3m) | ($1.8m) | ($13.6m) | |
| Cash flows from financing activities: | ||||||||
| Issuance Of Debt | — | $5.0m | $0 | $0 | — | — | — | |
| Net Issuance Payments Of Debt | — | $0 | $0 | $0 | — | — | — | |
| Net Short Term Debt Issuance | — | $0 | $0 | $0 | — | — | — | |
| Short Term Debt Issuance | — | $5.0m | $0 | $0 | — | — | — | |
| Realized foreign exchange (gain) loss on repayment of long-term debt | $81k | ($879k) | ($250k) | $861k | ($26k) | $580k | ($604k) | |
| Repayment of other long-term debt | — | — | — | — | — | ($450k) | ($350k) | |
| Repayment Of Debt | — | ($5.0m) | $0 | $0 | — | — | — | |
| Short Term Debt Payments | — | ($5.0m) | $0 | $0 | — | — | — | |
| Proceeds from Issuance of Common Stock | — | $100.0m | $0 | $8.6m | $0 | $1.4m | — | |
| Common Stock Issuance | — | — | $0 | $61.3m | $0 | $10.1m | — | |
| Net Common Stock Issuance | — | — | $0 | $61.3m | $0 | $10.1m | — | |
| Cash Dividends Paid | — | ($10.5m) | $0 | $0 | — | — | — | |
| Common Stock Dividend Paid | — | ($10.5m) | $0 | $0 | — | — | — | |
| Net Other Financing Charges | — | ($803k) | — | ($10.1m) | — | ($2.7m) | — | |
| Net cash (used in) from financing activities | $4.9m | $3.4m | $27.9m | ($11.3m) | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $251k | $89.1m | $0 | $7.2m | $0 | $1.1m | ($14.7m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $140k | $174k | ($393k) | — | |
| Effect of Exchange Rate on Cash | — | $0 | $0 | $995k | $1.3m | ($2.7m) | — | |
| Effect of exchange rate changes on cash | $579k | ($308k) | ($77k) | $1.1m | ($29k) | $636k | ($596k) | |
| Effect Of Exchange Rate Changes | — | — | $0 | $995k | $1.3m | ($2.7m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $482.8m | $30.4m | — | ($36.0m) | ($14.4m) | — | |
| Net decrease in cash and cash equivalents | $15.6m | $482.8m | $209.8m | ($127.1m) | ($262.9m) | ($100.6m) | — | |
| Cash and cash equivalents, at the beginning of year | $19.6m | $502.4m | $712.2m | $694.8m | $322.3m | $221.7m | — | |
| Restricted cash | $47k | ($1.0m) | ($21k) | $3.3m | $0 | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | $209.8m | ($127.1m) | ($262.9m) | ($100.6m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.6m | $92k | $0 | $0 | — | — | — | |
| Income Taxes Paid, Net | $0 | $0 | $1.4m | $675k | $2.1m | $244k | ($72k) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.