Iac Interactivecorp Financials

IAC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 51/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Iac Interactivecorp has an operating margin of -1.1%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -5.5% the prior year.

Growth

Iac Interactivecorp's revenue declined 39.9% year-over-year, from $4.4B to $2.6B. This contraction results in a growth score of 0/100.

Leverage

100

Iac Interactivecorp carries a low D/E ratio of 0.26, meaning only $0.26 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.80, Iac Interactivecorp holds $2.80 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 92/100.

Cash Flow

Iac Interactivecorp converts 13.0% of revenue into free cash flow ($339.5M). This strong cash generation earns a score of 65/100.

Piotroski F-Score Weak

3/9

Iac Interactivecorp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

-0.66x

For every $1 of reported earnings, Iac Interactivecorp generates $-0.66 in operating cash flow ($354.5M OCF vs -$539.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-0.2x

Iac Interactivecorp earns $-0.2 in operating income for every $1 of interest expense (-$28.7M vs $135.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Iac Interactivecorp (IAC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$2.6B

YoY-39.9%

5Y CAGR+0.9%

Iac Interactivecorp generated $2.6B in revenue in fiscal year 2024. This represents a decrease of 39.9% from the prior year.

EBITDA

$154.1M

YoY+17.5%

5Y CAGR+2.6%

Iac Interactivecorp's EBITDA was $154.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.5% from the prior year.

Free Cash Flow

$339.5M

YoY+253.9%

5Y CAGR+16.7%

Iac Interactivecorp generated $339.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 253.9% from the prior year.

Net Income

-$539.9M

YoY-303.0%

Iac Interactivecorp reported -$539.9M in net income in fiscal year 2024. This represents a decrease of 303.0% from the prior year.

EPS (Diluted)

$-6.49

YoY-318.5%

Iac Interactivecorp earned $-6.49 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 318.5% from the prior year.

Cash & Debt

$1.4B

YoY+48.0%

5Y CAGR+10.5%

Iac Interactivecorp held $1.4B in cash against $1.4B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

61.8%

YoY-10.3pp

5Y CAGR-16.4pp

Iac Interactivecorp's gross margin was 61.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 10.3 percentage points from the prior year.

Operating Margin

-1.1%

YoY+4.4pp

5Y CAGR-1.3pp

Iac Interactivecorp's operating margin was -1.1% in fiscal year 2024, reflecting core business profitability. This is up 4.4 percentage points from the prior year.

Net Margin

-20.6%

YoY-26.7pp

5Y CAGR-21.5pp

Iac Interactivecorp's net profit margin was -20.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 26.7 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$228.3M

YoY-4.0%

5Y CAGR+11.5%

Iac Interactivecorp invested $228.3M in research and development in fiscal year 2024. This represents a decrease of 4.0% from the prior year.

Share Buybacks

YoY-100.0%

Iac Interactivecorp spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$15.0M

YoY-84.0%

5Y CAGR-30.9%

Iac Interactivecorp invested $15.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 84.0% from the prior year.

IAC Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.6B-39.9%	$4.4B-16.6%	$5.2B+41.5%	$3.7B+33.8%	$2.8B+10.1%	$2.5B
Cost of Revenue	$1.0B-17.8%	$1.2B-18.5%	$1.5B+15.4%	$1.3B+73.9%	$745.4M+36.1%	$547.7M
Gross Profit	$1.6B-48.5%	$3.1B-15.9%	$3.7B+55.6%	$2.4B+19.0%	$2.0B+2.9%	$2.0B
R&D Expenses	$228.3M-4.0%	$237.9M-2.6%	$244.2M+5.8%	$230.8M+24.5%	$185.3M+39.7%	$132.6M
SG&A Expenses	$499.1M-3.8%	$518.7M+0.1%	$518.2M-35.0%	$797.4M+7.0%	$745.2M+30.0%	$573.1M
Operating Income	-$28.7M+87.9%	-$237.8M+33.0%	-$355.1M-159.1%	-$137.1M+74.5%	-$537.7M-9476.8%	$5.7M
Interest Expense	$135.7M-13.9%	$157.6M+43.1%	$110.2M+221.5%	$34.3M+112.0%	$16.2M+35.8%	$11.9M
Income Tax	-$141.9M-244.5%	$98.2M+131.5%	-$311.3M-323.9%	$139.0M+404.1%	-$45.7M+3.5%	-$47.3M
Net Income	-$539.9M-303.0%	$265.9M+122.7%	-$1.2B-295.8%	$597.5M+121.5%	$269.7M+1078.1%	$22.9M
EPS (Diluted)	$-6.49-318.5%	$2.97+121.9%	$-13.55-314.7%	$6.31+112.5%	$2.97+1000.0%	$0.27

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$589.8M+0.5%	$586.9M+2.9%	$570.5M+37.1%	$416.0M-34.4%	$634.4M-31.8%	$929.7M-12.1%	$1.1B-4.8%	$1.1B
Cost of Revenue	$207.5M+2.7%	$202.0M-1.6%	$205.3M-16.7%	$246.5M-2.7%	$253.4M-2.4%	$259.5M+43.5%	$180.9M-47.2%	$342.4M
Gross Profit	$382.3M-0.7%	$385.0M+5.4%	$365.2M+115.4%	$169.5M-55.5%	$381.0M-43.1%	$670.2M-23.6%	$877.2M+14.1%	$769.0M
R&D Expenses	$49.5M-0.7%	$49.8M-0.8%	$50.2M-13.1%	$57.8M+8.2%	$53.4M-15.6%	$63.2M+588.3%	-$13.0M-116.2%	$79.7M
SG&A Expenses	$132.4M+12.8%	$117.3M+86.8%	$62.8M-54.1%	$136.8M+8.6%	$126.0M-1.2%	$127.5M+169.7%	-$183.0M-186.9%	$210.5M
Operating Income	-$20.4M-3647.5%	$575K-98.4%	$35.8M-25.6%	$48.1M+323.8%	-$21.5M+66.1%	-$63.4M-353.8%	-$14.0M+57.3%	-$32.7M
Interest Expense	$27.6M-25.6%	$37.2M+31.3%	$28.3M+5.4%	$26.9M-22.1%	$34.5M-13.2%	$39.7M-1.3%	$40.2M+0.2%	$40.2M
Income Tax	-$27.3M-143.2%	$63.0M+179.6%	-$79.2M-28.2%	-$61.8M-52.8%	-$40.4M-186.9%	$46.5M-54.3%	$101.8M+185.7%	-$118.8M
Net Income	-$21.9M-110.3%	$211.5M+197.5%	-$216.8M-9.0%	-$199.0M-39.9%	-$142.2M-415.9%	$45.0M-86.3%	$327.8M+183.9%	-$390.5M
EPS (Diluted)	$-0.27-110.5%	$2.57+197.3%	$-2.64-11.9%	$-2.36-38.0%	$-1.71-435.3%	$0.51-87.8%	$4.19+188.8%	$-4.72

IAC Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$9.7B-7.7%	$10.5B+1.0%	$10.4B-15.5%	$12.3B+34.3%	$9.2B+122.6%	$4.1B
Current Assets	$2.5B+10.9%	$2.2B-12.5%	$2.6B-16.7%	$3.1B-25.3%	$4.1B+235.1%	$1.2B
Cash & Equivalents	$1.4B+48.0%	$933.4M-14.9%	$1.1B-35.2%	$1.7B-49.8%	$3.4B+301.7%	$837.9M
Inventory	N/A	N/A	N/A	$30.7M+9587.7%	$317K	N/A
Accounts Receivable	$483.0M-0.5%	$485.6M-20.1%	$607.8M-12.6%	$695.5M+169.9%	$257.7M+49.8%	$172.0M
Goodwill	$2.0B-6.8%	$2.1B-0.4%	$2.1B-33.5%	$3.2B+94.4%	$1.7B+18.8%	$1.4B
Total Liabilities	$4.1B-7.1%	$4.4B-0.8%	$4.5B-13.0%	$5.1B+100.0%	$2.6B+62.1%	$1.6B
Current Liabilities	$886.2M-6.8%	$950.5M-12.0%	$1.1B-21.8%	$1.4B+84.0%	$750.9M+28.3%	$585.3M
Long-Term Debt	$1.4B-4.1%	$1.5B-25.9%	$2.0B-1.3%	$2.0B+187.3%	$712.3M+207.1%	$231.9M
Total Equity	$5.6B-8.2%	$6.1B+2.5%	$5.9B-17.3%	$7.2B+8.8%	$6.6B+160.3%	$2.5B
Retained Earnings	-$539.0M-58493.7%	$923K+100.3%	-$265.0M-129.3%	$905.2M+30.4%	$694.0M	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$7.2B-2.3%	$7.4B+2.4%	$7.2B-25.8%	$9.7B-5.1%	$10.2B-1.5%	$10.4B-1.4%	$10.5B+4.8%	$10.0B
Current Assets	$1.5B-5.4%	$1.6B-5.4%	$1.7B-31.8%	$2.5B+4.9%	$2.4B+2.5%	$2.3B+3.1%	$2.2B+1.3%	$2.2B
Cash & Equivalents	$1.0B-8.1%	$1.1B-5.6%	$1.2B-16.1%	$1.4B+13.5%	$1.2B+6.4%	$1.1B+22.5%	$933.4M-25.5%	$1.3B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$397.4M+5.6%	$376.2M-4.0%	$391.8M-18.9%	$483.0M-1.4%	$489.9M+5.6%	$463.8M-4.5%	$485.6M-6.5%	$519.3M
Goodwill	$2.0B0.0%	$2.0B0.0%	$2.0B0.0%	$2.0B-30.8%	$2.9B0.0%	$2.9B+34.7%	$2.1B-29.2%	$3.0B
Total Liabilities	$2.4B-2.1%	$2.4B-1.0%	$2.5B-39.8%	$4.1B-2.0%	$4.2B-0.7%	$4.2B-4.5%	$4.4B+3.4%	$4.3B
Current Liabilities	$591.7M+5.9%	$558.6M-11.0%	$627.4M-29.2%	$886.2M+0.1%	$885.0M+3.5%	$855.5M-10.0%	$950.5M-7.1%	$1.0B
Long-Term Debt	$1.4B-0.4%	$1.4B-0.5%	$1.4B-1.1%	$1.4B-27.2%	$2.0B-0.6%	$2.0B+32.4%	$1.5B-25.1%	$2.0B
Total Equity	$4.8B-2.5%	$4.9B+4.2%	$4.7B-15.5%	$5.6B-7.2%	$6.0B-2.0%	$6.1B+0.9%	$6.1B+5.9%	$5.7B
Retained Earnings	-$566.2M-4.0%	-$544.3M+28.0%	-$755.8M-40.2%	-$539.0M-459.8%	-$96.3M-309.5%	$46.0M+4878.8%	$923K+100.3%	-$326.8M

IAC Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$354.5M+87.1%	$189.5M+328.9%	-$82.8M-169.6%	$118.9M-23.1%	$154.6M-38.6%	$251.8M
Capital Expenditures	$15.0M-84.0%	$93.6M+299.9%	$23.4M-74.1%	$90.2M+48.6%	$60.7M-36.1%	$95.1M
Free Cash Flow	$339.5M+253.9%	$95.9M+190.3%	-$106.2M-470.1%	$28.7M-69.4%	$93.9M-40.1%	$156.7M
Investing Cash Flow	$276.8M+416.5%	-$87.5M+82.3%	-$494.8M	N/A	-$1.9B-343.8%	-$421.9M
Financing Cash Flow	-$129.1M+42.1%	-$223.0M-98.0%	-$112.7M	N/A	$4.4B+3407.2%	$124.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$165.6M+94.1%	$85.3M+141.0%	$35.4M-44.4%	$63.7M+11.9%	$56.9M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$30.1M+1194.7%	-$2.8M-4471.4%	$63K-100.0%	$230.3M+6006.5%	-$3.9M-106.1%	$64.1M+36.6%	$46.9M+225.8%	$14.4M
Capital Expenditures	$4.9M+9.5%	$4.5M-4.3%	$4.7M-11.4%	$5.3M+52.6%	$3.4M+18.3%	$2.9M+108.8%	-$33.0M-278.7%	$18.5M
Free Cash Flow	$25.3M+450.5%	-$7.2M-57.0%	-$4.6M-102.0%	$225.0M+3163.8%	-$7.3M-112.0%	$61.1M+339.5%	$13.9M+442.5%	-$4.1M
Investing Cash Flow	N/A	N/A	N/A	$12.2M-73.6%	$46.4M-73.1%	$172.2M+983.3%	$15.9M+120.9%	-$76.2M
Financing Cash Flow	N/A	N/A	N/A	-$44.4M-110.8%	-$21.1M+18.9%	-$26.0M-41.0%	-$18.4M-63.7%	-$11.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$100.0M+385.3%	$20.6M-88.5%	$179.4M	$0	$0	$0	N/A	N/A

IAC Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	61.8%-10.3pp	72.1%+0.6pp	71.4%+6.5pp	65.0%-8.1pp	73.0%-5.1pp	78.2%
Operating Margin	-1.1%+4.4pp	-5.5%+1.3pp	-6.8%-3.1pp	-3.7%+15.8pp	-19.4%-19.7pp	0.2%
Net Margin	-20.6%-26.7pp	6.1%+28.4pp	-22.4%-38.5pp	16.2%+6.4pp	9.8%+8.9pp	0.9%
Return on Equity	N/A	4.4%	N/A	8.3%+4.2pp	4.1%+3.2pp	0.9%
Return on Assets	-5.6%-8.1pp	2.5%+13.8pp	-11.3%-16.1pp	4.9%+1.9pp	2.9%+2.4pp	0.6%
Current Ratio	2.80+0.4	2.36-0.0	2.37+0.1	2.23-3.3	5.49+3.4	2.10
Debt-to-Equity	0.26+0.0	0.25-0.1	0.34+0.1	0.29+0.2	0.11+0.0	0.09
FCF Margin	13.0%+10.8pp	2.2%+4.2pp	-2.0%-2.8pp	0.8%-2.6pp	3.4%-2.8pp	6.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	64.8%-0.8pp	65.6%+1.6pp	64.0%+23.3pp	40.7%-19.3pp	60.1%-12.0pp	72.1%-10.8pp	82.9%+13.7pp	69.2%
Operating Margin	-3.5%-3.6pp	0.1%-6.2pp	6.3%-5.3pp	11.6%+14.9pp	-3.4%+3.4pp	-6.8%-5.5pp	-1.3%+1.6pp	-2.9%
Net Margin	-3.7%-39.7pp	36.0%+74.0pp	-38.0%+9.8pp	-47.8%-25.4pp	-22.4%-27.3pp	4.8%-26.1pp	31.0%+66.1pp	-35.1%
Return on Equity	N/A	4.3%	N/A	N/A	N/A	0.7%-4.7pp	5.4%	N/A
Return on Assets	-0.3%-3.2pp	2.9%+5.9pp	-3.0%-1.0pp	-2.1%-0.7pp	-1.4%-1.8pp	0.4%-2.7pp	3.1%+7.0pp	-3.9%
Current Ratio	2.56-0.3	2.87+0.2	2.70-0.1	2.80+0.1	2.68-0.0	2.70+0.3	2.36+0.2	2.16
Debt-to-Equity	0.290.0	0.29-0.0	0.30+0.0	0.26-0.1	0.330.0	0.32+0.1	0.25-0.1	0.35
FCF Margin	4.3%+5.5pp	-1.2%-0.4pp	-0.8%-54.9pp	54.1%+55.3pp	-1.2%-7.7pp	6.6%+5.3pp	1.3%+1.7pp	-0.4%

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Frequently Asked Questions

What is Iac Interactivecorp's annual revenue?

Iac Interactivecorp (IAC) reported $2.6B in total revenue for fiscal year 2024. This represents a -39.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Iac Interactivecorp's revenue growing?

Iac Interactivecorp (IAC) revenue declined by 39.9% year-over-year, from $4.4B to $2.6B in fiscal year 2024.

Is Iac Interactivecorp profitable?

No, Iac Interactivecorp (IAC) reported a net income of -$539.9M in fiscal year 2024, with a net profit margin of -20.6%.

What is Iac Interactivecorp's earnings per share (EPS)?

Iac Interactivecorp (IAC) reported diluted earnings per share of $-6.49 for fiscal year 2024. This represents a -318.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Iac Interactivecorp's EBITDA?

Iac Interactivecorp (IAC) had EBITDA of $154.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Iac Interactivecorp have?

As of fiscal year 2024, Iac Interactivecorp (IAC) had $1.4B in cash and equivalents against $1.4B in long-term debt.

What is Iac Interactivecorp's gross margin?

Iac Interactivecorp (IAC) had a gross margin of 61.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Iac Interactivecorp's operating margin?

Iac Interactivecorp (IAC) had an operating margin of -1.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Iac Interactivecorp's net profit margin?

Iac Interactivecorp (IAC) had a net profit margin of -20.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Iac Interactivecorp's free cash flow?

Iac Interactivecorp (IAC) generated $339.5M in free cash flow during fiscal year 2024. This represents a 253.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Iac Interactivecorp's operating cash flow?

Iac Interactivecorp (IAC) generated $354.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Iac Interactivecorp's total assets?

Iac Interactivecorp (IAC) had $9.7B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Iac Interactivecorp's capital expenditures?

Iac Interactivecorp (IAC) invested $15.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Iac Interactivecorp spend on research and development?

Iac Interactivecorp (IAC) invested $228.3M in research and development during fiscal year 2024.

What is Iac Interactivecorp's current ratio?

Iac Interactivecorp (IAC) had a current ratio of 2.80 as of fiscal year 2024, which is generally considered healthy.

What is Iac Interactivecorp's debt-to-equity ratio?

Iac Interactivecorp (IAC) had a debt-to-equity ratio of 0.26 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Iac Interactivecorp's return on assets (ROA)?

Iac Interactivecorp (IAC) had a return on assets of -5.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Iac Interactivecorp's Piotroski F-Score?

Iac Interactivecorp (IAC) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Iac Interactivecorp's earnings high quality?

Iac Interactivecorp (IAC) has an earnings quality ratio of -0.66x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Iac Interactivecorp cover its interest payments?

Iac Interactivecorp (IAC) has an interest coverage ratio of -0.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Iac Interactivecorp?

Iac Interactivecorp (IAC) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.