Information Services Group Inc. III
Information Services Group, Inc. (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world's top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data and research, in-depth knowledge and governance of provider ecosystems, and the expertise of its approximately 1,500 professionals worldwide working together to help clients maximize the value of their technology investments. For more information, visit www.isg-one.com. The content on our website is available for informational purposes only. It should not be relied upon for investment purposes, nor is it incorporated by reference into this Annual Report on Form 10 K or any other filings.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $244.7M | $247.6M | $291.1M | $286.3M | $277.8M | $249.1M | $265.8M | $275.8M | $269.6M | $216.5M |
| Cost of revenue | $139.3M | $150.3M | $178.9M | $169.7M | $168.5M | $149.9M | $153.2M | $159.9M | — | — |
| Gross profit | $105.4M | $97.3M | $112.1M | $116.6M | $109.4M | $99.2M | $112.6M | $115.8M | — | — |
| SG&A | $83.1M | $85.6M | $91.3M | $81.8M | $78.8M | $83.8M | $92.5M | $95.4M | $91.0M | $78.9M |
| Operating income | $17.8M | $5.8M | $14.6M | $29.5M | $25.3M | $9.3M | $13.4M | $12.7M | $9.2M | -$2.6M |
| Interest expense | $4.1M | $5.8M | $6.2M | $3.2M | $2.3M | $3.6M | $6.3M | $6.7M | $6.8M | $2.7M |
| Pre-tax income | $14.5M | $5.2M | $8.8M | $26.7M | $23.1M | $5.9M | $7.1M | $6.1M | $2.1M | -$5.3M |
| Income tax | $5.2M | $2.4M | $2.6M | $7.0M | $7.6M | $3.1M | $3.8M | $435.0K | $4.2M | $1.1M |
| Net income | $9.3M | $2.8M | $6.2M | $19.7M | $15.5M | $2.8M | $3.3M | $5.7M | -$2.1M | -$6.4M |
| EPS, basic | 0.19 | 0.06 | 0.13 | 0.41 | 0.32 | 0.06 | 0.07 | 0.13 | -0.05 | -0.18 |
| EPS, diluted | 0.19 | 0.06 | 0.12 | 0.39 | 0.30 | 0.06 | 0.07 | 0.12 | -0.05 | -0.18 |
| Shares, diluted (wtd. avg.) | $50.3M | $50.0M | $50.2M | $50.4M | $51.8M | $50.0M | $47.6M | $46.1M | $43.0M | $36.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $28.7M | $23.1M | $22.8M | $30.7M | $47.6M | $43.8M | $18.2M | $18.7M | $28.5M | $35.0M |
| Receivables | — | — | — | $47.6M | $45.5M | $45.5M | $48.4M | $52.9M | $53.4M | $51.3M |
| Total current assets | $94.1M | $91.3M | $112.8M | $115.5M | $116.1M | $114.6M | $99.8M | $98.2M | $103.7M | $106.3M |
| Property, plant and equipment | — | — | — | — | — | $5.0M | $6.0M | $6.6M | $5.2M | $4.8M |
| Goodwill | $89.4M | $87.3M | $97.2M | $95.0M | $90.8M | $91.0M | $85.3M | $85.4M | $85.6M | $85.9M |
| Other intangibles | $3.3M | $3.6M | $12.6M | $14.4M | $12.4M | $15.1M | $16.6M | $20.6M | $25.7M | $35.1M |
| Total assets | $211.0M | $204.5M | $247.3M | $243.0M | $236.8M | $239.5M | $218.8M | $214.7M | $224.8M | $235.1M |
| Accounts payable | $10.1M | $9.2M | $11.3M | $15.9M | $16.2M | $11.2M | $8.9M | $8.5M | $7.2M | $9.7M |
| Short-term debt | — | — | — | $4.3M | $4.3M | $4.3M | $11.0M | $8.2M | $15.5M | $5.5M |
| Total current liabilities | $40.2M | $38.4M | $46.3M | $51.2M | $56.8M | $50.7M | $41.3M | $40.6M | $53.1M | $52.4M |
| Long-term debt | $59.2M | $59.2M | $79.2M | $74.4M | $69.5M | $73.6M | $74.8M | $89.2M | $98.8M | $116.5M |
| Total liabilities | $116.3M | $108.2M | $145.3M | $142.6M | $138.4M | $140.4M | $129.1M | $136.1M | $161.2M | $176.7M |
| Retained earnings | -$90.5M | -$99.9M | -$102.7M | -$108.7M | -$128.5M | -$144.0M | -$146.8M | -$150.1M | -$157.8M | -$155.7M |
| Total equity | $94.7M | $96.3M | $102.1M | $100.4M | $98.4M | $99.1M | $89.7M | $78.6M | $63.5M | $57.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $29.0M | $19.9M | $12.3M | $11.1M | $41.9M | $44.0M | $20.4M | $19.1M | $11.4M | $12.4M |
| Depreciation and amortisation | $4.5M | $5.9M | $6.3M | $5.4M | $5.3M | $6.2M | $6.7M | $7.8M | $12.7M | $7.9M |
| Stock-based compensation | $7.8M | $8.0M | $9.1M | $7.5M | $6.5M | $8.9M | $9.6M | $9.9M | $7.4M | $7.0M |
| Capital expenditure | $4.0M | $2.8M | $3.4M | $3.4M | $2.3M | $1.2M | $1.9M | $4.0M | $3.2M | $2.4M |
| Investing cash flow | -$4.9M | $19.0M | -$4.4M | -$6.9M | -$2.3M | -$3.5M | -$1.9M | -$4.0M | -$4.1M | -$57.6M |
| Financing cash flow | -$19.5M | -$37.9M | -$16.2M | -$18.9M | -$34.1M | -$15.7M | -$18.9M | -$24.0M | -$16.1M | $62.6M |
| Dividends paid | $9.2M | $9.4M | $8.7M | $7.5M | $4.4M | — | — | — | — | — |
| Buybacks | $9.3M | $5.6M | $3.5M | $12.1M | $16.3M | $5.2M | $3.4M | $3.1M | $2.9M | $11.6M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-024573.
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