Intermap Technologies 2025 revenue falls, reaffirms 2026 revenue forecast

Intermap Technologies

31/03/2026 21:43

Overview

US geospatial solutions provider's 2025 revenue fell to $10.6 mln from $17.6 mln in 2024

Subscription and data revenue rose 29% to $5.2 mln, now 49% of total revenue

Company reaffirmed 2026 revenue guidance of $30–35 mln and 28% EBITDA margin

Outlook

Intermap reaffirms 2026 revenue guidance of $30–35 mln and 28% EBITDA margin

Company says timing of government awards and revenue recognition can vary

Intermap focuses on converting large government opportunities and scaling recurring revenue in 2026

Result Drivers

PROGRAM TIMING - Revenue decline attributed to delayed government awards and procurement timing, especially in Indonesia and the U.S.

SUBSCRIPTION AND DATA GROWTH - 29% increase in recurring subscription and data revenue, now the largest revenue category

COMMERCIAL EXPANSION - Growth in insurance analytics and AI-enabled risk assistant supported recurring commercial revenue

Company press release: ID:nGNXb5lbd8

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
$10.6 mln
$15.50 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the mining support services & equipment peer group is "buy"

Wall Street's median 12-month price target for Intermap Technologies Corp is C$4.00, about 150% above its March 30 closing price of C$1.60

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)