Intchains Group Earnings Call Transcripts
Fiscal Year 2025
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Revenue declined 21.6% in 2025 due to market volatility, with a net loss of $7.4 million. ETH holdings grew 56% year-over-year, and 28.7% of ETH is now staked. 2026 will focus on R&D, cost optimization, and new product launches.
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Q3 2025 saw a revenue decline and operating loss due to softer mining machine demand, but year-to-date net income rose on strong ETH gains. New product launches and a major staking platform acquisition are set to drive growth in 2026, with a Dogecoin miner launch planned for H1 2026.
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Q2 2025 revenue declined year-over-year due to lower mining machine sales, but net income was supported by gains from ETH holdings as ETH prices rose 34%. Strategic focus remains on R&D, ETH yield strategies, and new product launches, with expectations for growth in 2026.
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Q1 2025 revenue surged 78.5% quarter-over-quarter to $18.2 million, driven by strong Aleo miner sales and improved gross margin, despite crypto market volatility. Operating income turned positive, but net income was impacted by a non-cash Ethereum revaluation loss.
Fiscal Year 2024
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Q4 2024 revenue surged 109% year-over-year to $10.2 million, with non-GAAP adjusted net income up 54%. Strong demand for Dogecoin and Aleo mining products, robust Ethereum accumulation, and new product launches position the company for continued growth despite market pressures.
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Q3 2024 revenue surged 781% year-over-year to CNY 60.3 million, with net income turning positive and gross margin reaching 67.7%. The company expanded its product line with Goldshell Pay and plans a hardware wallet, while Ether holdings grew 71.7% to 4,149.
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Revenue soared 785% year-over-year in Q2 2024, driven by strong overseas sales and new ASIC chip launches. Net income reached RMB 50.4 million, reversing last year's loss, while Ether holdings grew to 2,417. Focus remains on innovation and global expansion.