This page shows Iac Interactivecorp (IAC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
High gross margins and minimal reinvestment needs have not translated into durable profits because the revenue base is too small for overhead.
Across FY2023-FY2025, free cash flow remained positive in two of three years even though operating profit stayed negative, because capital spending was unusually light for a business of this size. That cushion looked much weaker in FY2025, when operating cash flow fell from$355M to$64M , showing that cash generation depends more on low reinvestment than on a firmly profitable core.
The balance sheet is liquid but not net-cash: FY2025 cash of
The income statement points to a scale problem more than a simple gross-margin problem. Gross margin reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Iac Interactivecorp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Iac Interactivecorp has an operating margin of -4.1%, meaning the company retains $-4 of operating profit per $100 of revenue. This results in a moderate score of 40/100, indicating healthy but not exceptional operating efficiency. This is down from -1.1% the prior year.
Iac Interactivecorp's revenue declined 8.7% year-over-year, from $2.6B to $2.4B. This contraction results in a growth score of 4/100.
Iac Interactivecorp has elevated debt relative to equity (D/E of 0.30), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 3/100, reflecting increased financial risk.
With a current ratio of 2.75, Iac Interactivecorp holds $2.75 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 73/100.
Iac Interactivecorp has a free cash flow margin of 1.9%, earning a moderate score of 48/100. The company generates positive cash flow after capital investments, but with room for improvement.
Iac Interactivecorp's ROE of -2.2% shows moderate profitability relative to equity, earning a score of 38/100. This is up from -9.7% the prior year.
Iac Interactivecorp scores 1.09, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3.1B) relative to total liabilities ($2.5B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Iac Interactivecorp passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Iac Interactivecorp generates $-0.62 in operating cash flow ($64.0M OCF vs -$104.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Iac Interactivecorp earns $-0.8 in operating income for every $1 of interest expense (-$97.4M vs $120.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Iac Interactivecorp generated $2.4B in revenue in fiscal year 2025. This represents a decrease of 8.7% from the prior year.
Iac Interactivecorp's EBITDA was $33.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 78.4% from the prior year.
Iac Interactivecorp reported -$104.0M in net income in fiscal year 2025. This represents an increase of 80.7% from the prior year.
Iac Interactivecorp earned $-1.30 per diluted share (EPS) in fiscal year 2025. This represents an increase of 80.0% from the prior year.
Cash & Balance Sheet
Iac Interactivecorp generated $44.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 86.8% from the prior year.
Iac Interactivecorp held $941.3M in cash against $1.4B in long-term debt as of fiscal year 2025.
Margins & Returns
Iac Interactivecorp's gross margin was 66.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.4 percentage points from the prior year.
Iac Interactivecorp's operating margin was -4.1% in fiscal year 2025, reflecting core business profitability. This is down 3.0 percentage points from the prior year.
Iac Interactivecorp's net profit margin was -4.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 16.2 percentage points from the prior year.
Iac Interactivecorp's ROE was -2.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 7.5 percentage points from the prior year.
Capital Allocation
Iac Interactivecorp invested $196.0M in research and development in fiscal year 2025. This represents a decrease of 14.1% from the prior year.
Iac Interactivecorp spent $315.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Iac Interactivecorp invested $19.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 27.9% from the prior year.
IAC Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $422.9M-42.4% | $734.8M+24.6% | $589.8M+0.5% | $586.9M+21.8% | $481.7M+15.8% | $416.0M-35.2% | $642.0M+1.2% | $634.4M |
| Cost of Revenue | $159.8M-25.0% | $213.0M+2.7% | $207.5M+2.7% | $202.0M+7.8% | $187.3M-24.0% | $246.5M+1.4% | $243.1M-4.1% | $253.4M |
| Gross Profit | $263.1M-49.6% | $521.8M+36.5% | $382.3M-0.7% | $385.0M+30.8% | $294.4M+73.7% | $169.5M-57.5% | $398.9M+4.7% | $381.0M |
| R&D Expenses | $39.7M-34.9% | $61.0M+23.2% | $49.5M-0.7% | $49.8M+39.4% | $35.7M-38.1% | $57.8M+7.1% | $53.9M+1.1% | $53.4M |
| SG&A Expenses | $104.1M-16.9% | $125.3M-5.3% | $132.4M+12.8% | $117.3M+169.9% | $43.5M-68.2% | $136.8M+25.8% | $108.8M-13.7% | $126.0M |
| Operating Income | -$40.1M+60.6% | -$101.7M-398.7% | -$20.4M-3647.5% | $575K-97.6% | $24.1M-49.8% | $48.1M+490.3% | $8.1M+137.9% | -$21.5M |
| Interest Expense | $25.9M-3.9% | $26.9M-2.6% | $27.6M-25.6% | $37.2M+31.3% | $28.3M+5.4% | $26.9M-22.5% | $34.7M+0.5% | $34.5M |
| Income Tax | -$15.6M-125.3% | $61.5M+325.8% | -$27.3M-143.2% | $63.0M+200.9% | -$62.5M-1.1% | -$61.8M+28.3% | -$86.2M-113.1% | -$40.4M |
| Net Income | -$71.9M+6.4% | -$76.8M-251.0% | -$21.9M-110.3% | $211.5M+197.5% | -$216.8M-9.0% | -$199.0M+18.4% | -$243.7M-71.4% | -$142.2M |
| EPS (Diluted) | $-0.94 | N/A | $-0.27-110.5% | $2.57+197.3% | $-2.64 | N/A | $-2.93-71.3% | $-1.71 |
IAC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.8B-5.2% | $7.2B+0.1% | $7.2B-2.3% | $7.4B+2.4% | $7.2B-25.8% | $9.7B-1.5% | $9.8B-3.6% | $10.2B |
| Current Assets | $1.6B+0.4% | $1.5B+1.9% | $1.5B-5.4% | $1.6B-5.4% | $1.7B-31.8% | $2.5B+3.5% | $2.4B+1.4% | $2.4B |
| Cash & Equivalents | $1.1B+18.2% | $941.3M-6.4% | $1.0B-8.1% | $1.1B-4.3% | $1.1B-16.2% | $1.4B+2.9% | $1.3B+8.8% | $1.2B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $328.8M-21.1% | $416.6M+4.8% | $397.4M+5.6% | $376.2M-4.0% | $391.8M-18.9% | $483.0M+1.1% | $477.8M-2.5% | $489.9M |
| Goodwill | $1.5B0.0% | $1.5B-24.3% | $2.0B0.0% | $2.0B0.0% | $2.0B0.0% | $2.0B-30.8% | $2.9B+0.1% | $2.9B |
| Total Liabilities | $2.3B-7.7% | $2.5B+2.7% | $2.4B-2.1% | $2.4B-1.0% | $2.5B-39.8% | $4.1B+0.8% | $4.1B-2.8% | $4.2B |
| Current Liabilities | $419.8M-25.2% | $560.9M-5.2% | $591.7M+5.9% | $558.6M-11.0% | $627.4M-29.2% | $886.2M+1.3% | $874.5M-1.2% | $885.0M |
| Long-Term Debt | $1.4B-0.4% | $1.4B-0.4% | $1.4B-0.4% | $1.4B-0.5% | $1.4B-1.1% | $1.4B-26.8% | $2.0B-0.6% | $2.0B |
| Total Equity | $4.5B-3.9% | $4.7B-1.2% | $4.8B-2.5% | $4.9B+4.2% | $4.7B-15.5% | $5.6B-3.2% | $5.8B-4.1% | $6.0B |
| Retained Earnings | -$714.9M-11.2% | -$643.0M-13.6% | -$566.2M-4.0% | -$544.3M+28.0% | -$755.8M-40.2% | -$539.0M-58.5% | -$340.0M-253.1% | -$96.3M |
IAC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.0M-72.8% | $36.6M+21.3% | $30.1M+22.5% | $24.6M+190.1% | -$27.3M-111.9% | $230.3M+259.4% | $64.1M+1743.2% | -$3.9M |
| Capital Expenditures | $8.0M+52.7% | $5.2M+6.9% | $4.9M-2.0% | $5.0M+20.3% | $4.1M-21.3% | $5.3M+54.8% | $3.4M-1.4% | $3.4M |
| Free Cash Flow | $2.0M-93.6% | $31.4M+24.1% | $25.3M+28.6% | $19.6M+162.5% | -$31.4M-114.0% | $225.0M+270.9% | $60.7M+926.0% | -$7.3M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | $12.2M-73.4% | $46.0M-0.8% | $46.4M |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | -$44.4M-17.9% | -$37.6M-78.7% | -$21.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $123.6M+721.6% | $15.0M-85.0% | $100.0M+385.3% | $20.6M-88.5% | $179.4M | $0 | $0 | $0 |
IAC Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.2%-8.8pp | 71.0%+6.2pp | 64.8%-0.8pp | 65.6%+4.5pp | 61.1%+20.4pp | 40.7%-21.4pp | 62.1%+2.1pp | 60.1% |
| Operating Margin | -9.5%+4.4pp | -13.8%-10.4pp | -3.5%-3.6pp | 0.1%-4.9pp | 5.0%-6.6pp | 11.6%+10.3pp | 1.3%+4.7pp | -3.4% |
| Net Margin | -17.0%-6.6pp | -10.4%-6.7pp | -3.7%-39.7pp | 36.0%+81.0pp | -45.0%+2.8pp | -47.8%-9.9pp | -38.0%-15.5pp | -22.4% |
| Return on Equity | -1.6%+0.0pp | -1.6%-1.2pp | -0.5%-4.8pp | 4.3%+8.9pp | -4.6%-1.0pp | -3.6%+0.7pp | -4.2%-1.9pp | -2.4% |
| Return on Assets | -1.1%+0.0pp | -1.1%-0.8pp | -0.3%-3.2pp | 2.9%+5.9pp | -3.0%-1.0pp | -2.1%+0.4pp | -2.5%-1.1pp | -1.4% |
| Current Ratio | 3.69+0.9 | 2.75+0.2 | 2.56-0.3 | 2.87+0.2 | 2.70-0.1 | 2.80+0.1 | 2.75+0.1 | 2.68 |
| Debt-to-Equity | 0.31+0.0 | 0.300.0 | 0.290.0 | 0.29-0.0 | 0.30+0.0 | 0.26-0.1 | 0.34+0.0 | 0.33 |
| FCF Margin | 0.5%-3.8pp | 4.3%0.0pp | 4.3%+0.9pp | 3.4%+9.9pp | -6.5%-60.6pp | 54.1%+44.6pp | 9.4%+10.6pp | -1.2% |
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Frequently Asked Questions
What is Iac Interactivecorp's annual revenue?
Iac Interactivecorp (IAC) reported $2.4B in total revenue for fiscal year 2025. This represents a -8.7% 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 8.7% year-over-year, from $2.6B to $2.4B in fiscal year 2025.
Is Iac Interactivecorp profitable?
No, Iac Interactivecorp (IAC) reported a net income of -$104.0M in fiscal year 2025, with a net profit margin of -4.3%.
What is Iac Interactivecorp's EBITDA?
Iac Interactivecorp (IAC) had EBITDA of $33.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Iac Interactivecorp have?
As of fiscal year 2025, Iac Interactivecorp (IAC) had $941.3M 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 66.2% in fiscal year 2025, 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 -4.1% in fiscal year 2025, 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 -4.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Iac Interactivecorp's return on equity (ROE)?
Iac Interactivecorp (IAC) has a return on equity of -2.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Iac Interactivecorp's free cash flow?
Iac Interactivecorp (IAC) generated $44.8M in free cash flow during fiscal year 2025. This represents a -86.8% 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 $64.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Iac Interactivecorp's total assets?
Iac Interactivecorp (IAC) had $7.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Iac Interactivecorp's capital expenditures?
Iac Interactivecorp (IAC) invested $19.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Iac Interactivecorp spend on research and development?
Iac Interactivecorp (IAC) invested $196.0M in research and development during fiscal year 2025.
What is Iac Interactivecorp's current ratio?
Iac Interactivecorp (IAC) had a current ratio of 2.75 as of fiscal year 2025, which is generally considered healthy.
What is Iac Interactivecorp's debt-to-equity ratio?
Iac Interactivecorp (IAC) had a debt-to-equity ratio of 0.30 as of fiscal year 2025, 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 -1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Iac Interactivecorp's Altman Z-Score?
Iac Interactivecorp (IAC) has an Altman Z-Score of 1.09, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Iac Interactivecorp's Piotroski F-Score?
Iac Interactivecorp (IAC) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 -0.62x, 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 -0.8x, 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 34 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.