Every 10-Q that INFINITE GROUP INC (IMCI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow IMCI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IMCI filings page.
Infinite Group, Inc. reported a challenging quarter for the period ended September 30, 2025. Revenue for the nine months fell to $3,835,938 from $4,842,422, mainly because a major managed support services contract with Peraton was cancelled and replaced with smaller time-and-materials work.
Despite cutting costs, including workforce reductions and lower trade show spending, the company’s net loss widened slightly to $1,317,904. Cash was only $38,776 with a working capital deficit of about $10.5M and total stockholders’ deficiency of $11.5M, leading management to conclude there is substantial doubt about its ability to continue as a going concern.
The balance sheet is highly leveraged: total liabilities were $12,660,145 against assets of $1,148,753, with multiple notes in default and expensive new borrowings carrying effective rates up to 61.6%. One customer provided 56% of nine-month revenue, underscoring concentration risk. A planned $7.5M asset sale of the Ace Server Management division to Opti9 was terminated, removing a potential liquidity event. Offsetting these pressures, software revenue, including the Nodeware SaaS platform and Webroot, grew about 12% year over year to $1,093,579, and management continues to position Nodeware and cybersecurity services as the core growth drivers.
Infinite Group, Inc. reported Q2 2025 revenue of $1.32M, down from $1.63M a year earlier, and a net loss of $364K. For the first six months of 2025, revenue was $3.00M with a net loss of $648K, an improvement over the prior-year loss.
Total assets were $1.19M against liabilities of $12.03M, leaving stockholders’ deficiency at $10.84M and a working capital deficit of about $9.5M. The company ended the period with cash of only $3,829 and multiple debt obligations in default, and management concluded there is substantial doubt about its ability to continue as a going concern.
Operations remain highly concentrated, with one customer providing 56–61% of revenue. A planned $7.5M asset sale of the Ace Server Management division was terminated on July 31, 2025, and subsequent events show reliance on new high-cost loans to fund liquidity needs.
Infinite Group, Inc. reported first-quarter 2025 revenue of $1,683,867, up 6.7% from the prior year, and a net loss of $284,300, an improvement from a $459,529 loss. Gross profit rose to $749,213 as cost of sales declined.
The company ended March 31, 2025 with only $21,331 of cash, a working capital deficit of about $9.1 million, total liabilities of $11,662,235, and stockholders’ deficiency of $10,477,788. Management states there is substantial doubt about its ability to continue as a going concern.
One major customer generated about 65% of first-quarter revenue and 44% of accounts receivable. Infinite Group is also in default on multiple notes, including Mast Hill bridge loans and older third-party and related-party debt, and is accruing significant default and penalty interest.