ICFI News & Events

Sees FY26 revenue $1.89B-$1.96B, consensus $1.92B. "These expectations anticipate another year of double-digit revenue growth from our non-federal government clients, which we estimate will account for more than 60% of our total 2026 revenues, and a return to year-on-year growth in certain parts of our federal government business. Full-year operating cash flow is estimated to range from $135 million to $150 million."

Sees Q1 revenue about $450M, consensus $467.41M. "With respect to the cadence of the year, we generally expect sequential improvement in federal revenues from the first quarter through the third quarter of 2026, returning to year-on-year growth by the fourth quarter. Our first-quarter comparisons will be down as we will be comparing against a quarter that included federal government contract work that was cancelled between February and May of last year. For the first quarter of 2026, we expect total revenues of approximately $450 million, GAAP EPS of approximately $1.20, and Non-GAAP EPS of approximately $1.55."

Reports Q4 revenue $444M, consensus $440.9M. Commenting on the results, John Wasson, chair and CEO, said, "Our fourth quarter results were in line with our guidance and capped a year of resilient performance given the challenging federal business environment. Revenues from commercial, state and local and international government clients increased 16% and accounted for 62% of fourth quarter revenues. This performance served to offset a large portion of the year-on-year reduction in federal government revenues, which was amplified by the direct and indirect impacts of the six-week federal government shutdown."

The Florida Department of Management Services has selected leading global solutions and technology provider ICF as an awardee on its expanded, three-year comprehensive management services contract. Under this recompete contract vehicle, ICF is eligible to provide management services to statewide programs across all service categories. Through this contract, ICF will support programs to strengthen operations, deliver critical public services and positively impact Florida communities. A wide range of services will be provided including disaster management, program and grants management, environmental, infrastructure and agricultural support, workforce development and technology modernization. ICF will also leverage the expertise of ICF Next, the company's integrated, full-service digital and communications agency, to help state departments connect with Florida residents, municipalities and stakeholders more effectively.