Intermap Technologies reported weaker 2025 results but highlighted a much stronger balance sheet and growing recurring revenue. Total revenue fell to $10.6 million from $17.6 million, and the company posted a net loss of $6.7 million, or $0.11 per share, versus $2.5 million of net income in 2024.
Cash increased sharply to $22.5 million at December 31, 2025, up from $0.4 million a year earlier, with shareholders’ equity rising to $24.6 million from $3.7 million after equity financings. Subscription and data revenue grew 29% to $5.2 million and reached 49% of total revenue, reflecting a shift toward high-margin recurring business.
Intermap has been down-selected for all four remaining lots of Indonesia’s ILASP Project, a potential $200 million opportunity, and reaffirmed 2026 guidance of $30–35 million in revenue with a 28% EBITDA margin. Separately, eight leading Czech insurers adopted its AI flood risk platform as a national underwriting standard, expanding European analytics demand.
Intermap Technologies Corporation filed its Annual Report on Form 40-F for the fiscal year ended December 31, 2025. The filing states 72,437,664 common shares outstanding as of December 31, 2025 and incorporates by reference the Annual Information Form, Audited Consolidated Financial Statements, and MD&A as Exhibits 99.1–99.3. The company reports combined independent auditor billings of $1,075,476 for 2025 and discloses its Code of Business Conduct and Ethics dated May 17, 2021. The filing notes the company is a Canadian foreign private issuer and uses United States dollars for its consolidated financial statements.
Intermap Technologies will release its fourth quarter and full year 2025 financial results after market close on March 31, 2026. On the same day, CEO Patrick A. Blott and CFO Jennifer Bakken will host a live webinar at 5:00 pm ET to review the results and answer investor questions.
The company will post a replay of the webinar and supporting materials on its investor relations webpage. Intermap describes itself as a global provider of 3D geospatial intelligence solutions, using proprietary multi-sensor elevation data, software analytics, and AI/ML to support applications across defense, aviation, insurance, infrastructure, energy, and other sectors.