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GlobeNewswire·

Intermap Reports Fourth Quarter and Full Year 2025 Results

ITMSF
  • Intermap Technologies was down-selected for all four remaining lots of Indonesia's ILASP Project, representing a potential $200 million opportunity.
  • Subscription & data revenue grew 29% year over year to $5.2 million, now comprising 49% of total revenue.
  • The company's balance sheet strengthened significantly, with cash rising to $22.5 million, total assets to $31.7 million, & shareholders' equity to $24.6 million.
  • Full-year 2025 total revenue was $10.6 million, down from $17.6 million in 2024 due to program timing delays & the U.S. government shutdown.
  • Commercial revenue grew meaningfully, representing 60% of total revenue, driven by insurance analytics & enterprise data solutions.
  • The AI-enabled risk assistant is gaining traction & driving growth in recurring revenue streams.
  • Operating loss for 2025 was $6.9 million, while net loss was $6.7 million ($0.11 per share).
  • Excluding specific non-cash items & currency fluctuations, the continuing business operated at approximately cash flow break-even.
  • Management reaffirms 2026 guidance of $30–35 million in revenue with a 28% EBITDA margin.
  • Strategic priorities for 2026 include converting large government opportunities, scaling recurring revenue, & leveraging the stronger balance sheet for long-duration programs.
  • A conference call to review results will be hosted by CEO Patrick A. Blott & CFO Jennifer Bakken on March 31, 2026, at 5:00 pm ET.