Filing Flows › ICF International (ICFI) › Q2 2026
ICF International (ICFI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
ICF International (ICFI) reported revenue of $474M for the second quarter 2026 (Q2 2026), -0.3% from a year earlier and +8% from the quarter before. Operating margin was 8.4%, net earnings $26.9M (5.7% of revenue).
ICF International, Q2 2026: revenue $474M (-0.3% year over year), operating margin 8.4%, net earnings $26.9M, operating cash flow $99.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $474M | +8% | -0.3% |
| Operating profit | $39.9M | +14% | -0.3% |
| Net earnings | $26.9M | +31% | +14% |
| Operating cash flow | $99.7M | — | +92% |
| Free cash flow | $94.0M | — | +103% |
What changed
Revenue was $474.5M in Q2 2026, roughly flat year over year and up 8% from the previous quarter. US Federal Government was the largest line at 39% of revenue. US Federal Government lost $19.5M year over year (down 10%), 1173% of the total change.
Operating profit was $39.9M, a 8.4% margin (unchanged year over year). Total costs fell 0% while revenue was flat. Net earnings were $26.9M, up 14% year over year. The effective tax rate was 17.8%.
Operating cash flow was $99.7M (up 92% year over year), 370% of net earnings. Non-cash charges added back $13.4M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items added $55.0M. Capital expenditures of $5.7M left free cash flow of $94.0M.
Questions
What was ICF International's revenue in the second quarter 2026?
ICF International (ICFI) reported revenue of $474M for the second quarter 2026 (Q2 2026), -0.3% from a year earlier and +8% from the quarter before.
Was ICF International profitable in the second quarter 2026?
Operating profit was $39.9M (8.4% of revenue) and net earnings $26.9M.
Source: ICF International 10-Q on SEC EDGAR.