Singapore's Intchains Q4 revenue falls on impairment charges

Intchains

26/02/2026 22:01

Overview

Singapore altcoin mining firm's Q4 2025 revenue fell due to market fluctuations

Company reported Q4 2025 net loss of RMB130.7 mln, down from net income in 2024

Outlook

Intchains plans to launch new altcoin mining machines in H2 2026

Company aims to improve margins through cost optimization in 2026

Intchains expects to accelerate ETH staking activities in 2026

Result Drivers

MARKET FLUCTUATIONS - Revenue decreased 51.3% in Q4 2025 due to cyclical market fluctuations and softer demand for altcoin mining products

INVENTORY IMPAIRMENTS - Increased cost of revenue due to impairment charges on excess inventory of altcoin mining machines

ETH PRICE DECLINE - Loss in fair value of cryptocurrencies due to a decrease in ETH price during Q4 2025

Company press release: ID:nGNX97p9jZ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
RMB 36.10 mln
Q4 Net Income
-RMB 130.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

Wall Street's median 12-month price target for Intchains Group Ltd is $3.50, about 155.5% above its February 25 closing price of $1.37

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)