Filing Flows › ICF International (ICFI) › Q1 2026
ICF International (ICFI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
ICF International (ICFI) reported revenue of $438M for the first quarter 2026 (Q1 2026), -10% from a year earlier and -1% from the quarter before. Operating margin was 8.0%, net earnings $20.5M (4.7% of revenue).
ICF International, Q1 2026: revenue $438M (-10% year over year), operating margin 8.0%, net earnings $20.5M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $438M | -1% | -10% |
| Operating profit | $34.9M | +22% | -9% |
| Net earnings | $20.5M | +19% | -24% |
| Operating cash flow | −$3.1M | -104% | — |
What changed
Revenue was $437.5M in Q1 2026, down 10% year over year and down 1% from the previous quarter. US Federal Government was the largest line at 42% of revenue. US Federal Government lost $56.7M year over year (down 24%), 113% of the total change.
Operating profit was $34.9M, a 8.0% margin (up 0.1 points year over year). Total costs fell 10% while revenue fell 10%. Net earnings were $20.5M, down 24% year over year. The effective tax rate was 25.1%.
Operating cash flow was −$3.1M. Non-cash charges added back $13.2M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items used $41.5M. Capital expenditures of $2.8M exceeded it, leaving free cash flow of −$6.0M.
Questions
What was ICF International's revenue in the first quarter 2026?
ICF International (ICFI) reported revenue of $438M for the first quarter 2026 (Q1 2026), -10% from a year earlier and -1% from the quarter before.
Was ICF International profitable in the first quarter 2026?
Operating profit was $34.9M (8.0% of revenue) and net earnings $20.5M.
Source: ICF International 10-Q on SEC EDGAR.