ICF International, Inc. filed its quarterly report on Form 10-Q with the SEC on November 5, 2026, covering the three and nine months ended September 30, 2026, and reporting higher net income and operating income compared to the same periods a year earlier.

Key Highlights

  • Q3 2026 revenue: $470,497 thousand, up from $465,405 thousand in Q3 2025, according to the filing.
  • Q3 2026 net income: $31,733 thousand, compared to $23,766 thousand in the year-ago quarter.
  • Diluted EPS for Q3 2026: $1.76, versus $1.28 in Q3 2025; nine-month diluted EPS was $4.36 versus $4.01 in the prior year.
  • Nine-month revenue: $1,382,492 thousand for the nine months ended September 30, 2026, down from $1,429,178 thousand in the comparable 2025 period.
  • Total assets at September 30, 2026: $2,101,882 thousand, up from $2,050,171 thousand at December 31, 2025.
  • Share repurchases: The company repurchased shares totaling $33,118 thousand in the nine months ended September 30, 2026, based on treasury stock figures in the filing.
  • Cash dividend declared per share: $0.14 for Q3 2026, consistent with Q3 2025, bringing the nine-month total to $0.42 per share.

ICF International Reports Third-Quarter 2026 Financial Results

ICF International, a Delaware-incorporated consulting and services firm traded on NASDAQ:ICFI and headquartered in Reston, Virginia, provides management consulting, technology, and implementation services, with a client base that includes government agencies and commercial clients. The company reported Q3 2026 revenue of $470,497 thousand, a modest increase from $465,405 thousand in Q3 2025. Direct costs for the quarter were $291,310 thousand versus $290,545 thousand a year earlier, according to the filing.

Operating income for the three months ended September 30, 2026 was $43,647 thousand, compared to $38,431 thousand in Q3 2025. For the nine-month period, operating income was $118,390 thousand versus $116,832 thousand in the prior year. The filing noted that depreciation and amortization fell to $9,908 thousand in Q3 2026 from $14,168 thousand in Q3 2025, and to $36,512 thousand from $43,665 thousand on a nine-month basis. Net interest expense declined to $6,372 thousand in Q3 2026 from $7,861 thousand in Q3 2025, and total debt on the balance sheet stood at $372,122 thousand at September 30, 2026, down from $401,355 thousand at December 31, 2025.

Stockholders' equity grew to $1,086,382 thousand at September 30, 2026, from $1,028,482 thousand at December 31, 2025, driven by nine-month net income of $79,203 thousand. As of October 30, 2026, the filing stated there were 17,942,455 shares of common stock outstanding. The company held 6,618,219 treasury shares at September 30, 2026, compared to 6,130,912 at December 31, 2025, reflecting ongoing share repurchase activity. Goodwill on the balance sheet was reported at $1,251,534 thousand, consistent with the company's history of acquisition-driven growth in the consulting sector.

What Was Disclosed

ICF International filed its Form 10-Q for the quarter ended September 30, 2026, disclosing higher quarterly net income, modest revenue growth in Q3, a lower nine-month revenue comparison to 2025, reduced debt, and continued share repurchases and quarterly dividends of $0.14 per share.