ITG preliminary Q3 2026 revenue reaches about $462M
The preliminary figures are subject to change while quarter-end closing procedures and the independent review are incomplete.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
ITG, Inc. announced preliminary, unaudited third-quarter 2026 revenue of approximately $461.5 million, up approximately 49% year over year and $21.5 million, or 4.9%, above its $440.0 million outlook. Adjusted EBITDA, a non-GAAP measure, was approximately $64.5 million, up approximately 64% year over year and $1.5 million, or 2.4%, above its $63.0 million outlook.
The estimates reflect currently available information and are subject to change; actual results may differ materially. ITG had not completed quarter-end closing procedures, and its independent registered public accounting firm had not completed its review. The company scheduled its full results release for November 10, 2026, after market close, and a management webcast for November 11, 2026, at 8:00 a.m. ET.
ITG said a quantitative reconciliation of preliminary Adjusted EBITDA to net income (loss), the most directly comparable GAAP measure, was unavailable without unreasonable effort because some items affecting GAAP results are uncertain and difficult to predict. Full third-quarter results will be included in the earnings release and Form 10-Q.
2 points · 0 major0 major · 0 points
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointPreliminary revenue grew 49% year over year to approximately $461.5 million.
- Moderate pointPreliminary Adjusted EBITDA grew 64% year over year to approximately $64.5 million.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Preliminary revenue: Approximately $461.5 million
Revenue year-over-year growth: Approximately 49%
Revenue outlook: $440.0 million
+3 more
6 metrics
Preliminary revenue
Approximately $461.5 million
Third quarter 2026
Revenue year-over-year growth
Approximately 49%
Third quarter 2026
Revenue outlook
$440.0 million
ITG's third-quarter 2026 outlook
Preliminary Adjusted EBITDA
Approximately $64.5 million
Third quarter 2026; non-GAAP measure
Adjusted EBITDA year-over-year growth
Approximately 64%
Third quarter 2026
Adjusted EBITDA outlook
$63.0 million
ITG's third-quarter 2026 outlook
Key Terms
Adjusted EBITDA, non-GAAP financial measure, reconciliation, quarter-end financial closing procedures
4 terms
Adjusted EBITDA financial
"ITG defines Adjusted EBITDA as net income (loss) plus or minus"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
non-GAAP financial measure financial
"Adjusted EBITDA, a financial measure that is not calculated in accordance with GAAP"
A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.
reconciliation financial
"quantitative reconciliation of its preliminary third quarter Adjusted EBITDA to net income (loss)"
Reconciliation is the process of comparing two sets of financial records and fixing any differences so they match, like balancing a checkbook to ensure receipts agree with the bank statement. For investors, reconciliation matters because it confirms that reported numbers are accurate and complete, highlights mistakes or irregularities, and helps ensure that financial performance and cash positions used to value a company are reliable.
quarter-end financial closing procedures financial
"subject to change upon completion of the Company’s quarter-end financial closing procedures"
Earnings Snapshot
Revenue: Approximately $461.5 million · Guidance included
Third quarter 2026, ended September 30, 2026; preliminary
Revenue
Approximately $461.5 million
Approximately 49% year-over-year growth; $21.5 million, or 4.9%, above the $440.0 million outlook
Adjusted EBITDA
Approximately $64.5 million
Approximately 64% year-over-year growth; $1.5 million, or 2.4%, above the $63.0 million outlook
Guidance
Third-quarter 2026 outlook: revenue of $440.0 million and Adjusted EBITDA of $63.0 million.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much revenue did ITG (ITG) report for Q3 2026?
ITG announced preliminary, unaudited Q3 2026 revenue of approximately $461.5 million, up approximately 49% year over year and above its $440.0 million outlook. The estimate is based on currently available information and is subject to change.
What was ITG's Q3 2026 Adjusted EBITDA?
ITG announced preliminary Q3 2026 Adjusted EBITDA of approximately $64.5 million, up approximately 64% year over year and above its $63.0 million outlook. Adjusted EBITDA is a non-GAAP measure, and the preliminary estimate is subject to change.
Why didn't ITG provide a reconciliation of preliminary Adjusted EBITDA?
ITG said a quantitative reconciliation to net income (loss), the most directly comparable GAAP measure, was unavailable without unreasonable effort because certain items affecting GAAP results are uncertain and difficult to predict. Examples include acquisition-related costs, stock-based compensation, interest expense, depreciation and amortization, and tax impacts.
When will ITG release Q3 2026 results and hold its webcast?
ITG scheduled its complete third-quarter results release for November 10, 2026, after market close, followed by a management webcast on November 11, 2026, at 8:00 a.m. ET. The webcast and replay materials will be available through the ITG Investor Relations website.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 22, 2026
ITG, Inc.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(Address of Principal Executive Offices) (Zip code)
Registrant’s telephone number, including area code: (615 ) 447-5347
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒
Item 2.02 Results of Operations and Financial Condition.
On October 22, 2026 , ITG, Inc. issued a press release announcing its expectations regarding preliminary, unaudited revenue for the third fiscal quarter ended September 30, 2026.
A copy of such press release is attached as Exhibit 99.1 and incorporated herein by reference. A reconciliation of certain non-GAAP financial measures to their comparable GAAP financial measures is contained in the press release.
This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number | Description | |||||||
99.1 | Press release dated October 22, 2026 by ITG, Inc. reporting preliminary fiscal 2026 third quarter results. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ITG, INC. | |||||||||||
Date: | By: | /s/ Christopher H. Mecray | |||||||||
| Name: | Christopher H. Mecray | ||||||||||
| Title: | Chief Financial Officer and Principal Accounting Officer | ||||||||||
2
 | THIRD QUARTER 2026 PRELIMINARY RESULTS October 22, 2026 | ||||
ITG, Inc. Announces Preliminary Third Quarter 2026 Results
Preliminary third quarter revenue and Adjusted EBITDA above the Company’s outlook1; full third quarter results and conference call scheduled for November 10 and 11, 2026, respectively
PRELIMINARY THIRD QUARTER 2026 HIGHLIGHTS
•Revenue of approximately $461.5 million, up approximately 49% year-over-year and above the Company’s outlook of $440.0 million
•Adjusted EBITDA3 of approximately $64.5 million, up approximately 64% year-over-year and above the Company’s outlook of $63.0 million
FORT LAUDERDALE, Fla., October 22, 2026 (GLOBE NEWSWIRE) – ITG, Inc. (Nasdaq: ITG) (“ITG” or “the Company”), a leading provider of end-to-end services to the digital infrastructure industry, today announced selected preliminary financial results for its third quarter ended September 30, 2026, ahead of its full third quarter earnings release scheduled for November 10, 2026.
“We are sharing these preliminary results to provide investors with timely visibility into the quarter, and we look forward to discussing our full third quarter results in more detail on November 11,” said Andy Parrott, Chief Executive Officer of ITG.
PRELIMINARY THIRD QUARTER 2026 RESULTS1
(in millions, except percentages)
Q3 2026 Prelim. | YoY Growth2 | Q3 2026 Outlook | Var. vs. Outlook | |||||||||||
Revenue | $461.5 | +49% | $440.0 | +$21.5 / +4.9% | ||||||||||
Adjusted EBITDA3 | $64.5 | +64% | $63.0 | +$1.5 / +2.4% | ||||||||||
The preliminary results presented in this press release are based on currently available information and management’s initial review of the Company’s results for the quarter ended September 30, 2026. The Company has not yet completed its financial closing procedures for the quarter, and its independent registered public accounting firm has not completed its review of these results. As a result, these preliminary results are subject to change, and actual results may differ materially from these estimates. These preliminary results should not be viewed as a substitute for full interim financial statements prepared in accordance with GAAP. Complete third quarter results will be included in the Company’s third quarter earnings release and its Quarterly Report on Form 10-Q.
1.Results are preliminary, based on currently available information, and subject to change upon completion of the Company’s quarter-end financial closing procedures. Refer to “Forward Looking Statements” in the Appendix of this document.
2.Represents year-over-year growth compared to the prior year period.
3.Non-GAAP measure – Refer to the Appendix of this document for a definition of Adjusted EBITDA and a discussion of why management believes this non-GAAP measure is useful. As discussed below, ITG is not providing a reconciliation of its preliminary Adjusted EBITDA because such reconciliation is not available without unreasonable effort.
| THIRD QUARTER 2026 PRELIMINARY RESULTS October 22, 2026 | ||||
THIRD QUARTER 2026 EARNINGS RELEASE AND CONFERENCE CALL
ITG will release its complete third quarter 2026 financial results on Tuesday, November 10, 2026, after the market close. In addition, ITG’s senior management will host a webcast to review these results on Wednesday, November 11, 2026, at 8:00 a.m. ET.
The event will be broadcast live and can be accessed through the ITG Investor Relations website here and at ir.itgcomm.com. A replay link, along with supporting materials, will also be posted to the website.
ABOUT ITG, INC.
ITG is a leading provider of end-to-end services to the communications and digital infrastructure industries throughout the United States. ITG supports the planning, design, construction, operation, maintenance, and expansion of broadband, wireless, data center, utility, and civil infrastructure. With a workforce operating across 49 states, ITG is positioned to build and maintain the digital backbone powering our future.
| THIRD QUARTER 2026 PRELIMINARY RESULTS October 22, 2026 | ||||
APPENDIX
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on the Company's management’s beliefs and assumptions and on information currently available to the Company's management. These statements include, but are not limited to, statements regarding the Company's expectations of future performance, including the Company’s preliminary third quarter revenue and Adjusted EBITDA. Forward-looking statements can be identified by terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “potential”, “predict”, “project”, “seek”, “should”, “will”, “would” or similar expressions and the negatives of those terms. Such statements are not historical facts but rather are based on the Company’s current expectations or beliefs concerning future events. Forward-looking statements involve known and unknown risks, uncertainties and other factors, that may cause our actual results to be materially different from any future results contemplated by the forward-looking statements, including those described in the registration statements and periodic reports the Company files with the Securities and Exchange Commission (the “SEC”), including the Company’s final prospectus dated June 30, 2026 and filed with the SEC on July 2, 2026. Given these uncertainties, you should not place undue reliance on forward-looking statements. Any forward-looking statement speaks only as of the date on which it was made, and the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the Company’s registration statements and periodic reports.
Non-GAAP Financial Measures
This press release includes Adjusted EBITDA, a financial measure that is not calculated in accordance with generally accepted accounting principles in the United States (“GAAP”). ITG defines Adjusted EBITDA as net income (loss) plus or minus (i) interest expense, (ii) interest income, (iii) income tax (benefit) expense, (iv) depreciation expense, (v) amortization of intangibles, (vi) other expense, net, (vii) equity-based compensation, (viii) transaction costs, (ix) restructuring, integration and business optimization costs, and (x) change in fair value of contingent liabilities. Management uses this non-GAAP financial measure to evaluate the Company’s operating performance, and the Company believes it provides useful supplemental information to investors in evaluating period-to-period operating performance.
Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in accordance with GAAP, and may not be comparable to similarly titled measures used by other companies.
The Company is not providing a quantitative reconciliation of its preliminary third quarter Adjusted EBITDA to net income (loss), the most directly comparable GAAP measure, due to the uncertainty and inherent difficulty of predicting certain items that affect GAAP results, including, as applicable, acquisition-related costs, stock-based compensation, interest expense, depreciation and amortization, tax impacts, and other items that may be material. Accordingly, a reconciliation is not available without unreasonable effort. The variability of these items could have a significant impact on the Company’s third quarter Adjusted EBITDA.
INVESTOR CONTACT
629-282-9862
ir@itgcomm.com