ITG Revenue Rises 38% to $404.6 Million; Net Income Falls to $1.8 Million
ITG reported second-quarter 2026 results, with revenue up 38% year over year to $404.6 million and Adjusted EBITDA up 21% to $52.2 million, but net income fell to $1.8 million from $11.6 million a year earlier. The company also issued its first full-year 2026 outlook, calling for revenue of $1,556 million and Adjusted EBITDA of $202 million, and said it completed its initial public offering in July with net proceeds mainly used to repay debt.
Key points
- Revenue rose 38% year over year to $404.6 million; net income was $1.8 million versus $11.6 million in Q2 2025.
- Adjusted EBITDA margin was 12.9%, down from 14.8% a year earlier, which management attributed to startup and public-company readiness costs.
- FY 2026 outlook: revenue of $1,556 million (+35%) and Adjusted EBITDA of $202 million (+36%).
- NTM backlog was $1,517 million as of June 30, 2026, compared with $1,259 million a year earlier.
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.