Highlights

  • Preliminary third-quarter 2026 Revenue reached US$461.5 million, up 49% and US$21.5 million above the company's outlook.
  • Preliminary adjusted EBITDA came in at US$64.5 million, up 64% year on year and ahead of guidance.
  • Next-twelve-month Backlog stood at a record US$1.52 billion at 30 June 2026, up from US$1.26 billion.
  • The July 2026 IPO priced 19.5 million shares at US$16.00, with proceeds earmarked mainly for Debt repayment.

ITG, Inc. (NASDAQ:ITG) has given investors an early look at its first full quarter as a public company, announcing on 22 October 2026 that preliminary third-quarter revenue rose 49% year on year to US$461.5 million, ahead of its own US$440 million outlook.

The Fort Lauderdale-based provider of communications and digital infrastructure services said preliminary adjusted EBITDA also topped guidance. Chief Executive Officer Andy Parrott said the early release was intended to give timely visibility into the quarter ahead of full results.

Preliminary Quarter Beats Company Guidance

For the three months ended 30 September 2026, ITG expects revenue of US$461.5 million, US$21.5 million above its outlook, and adjusted EBITDA of US$64.5 million, up 64% from a year earlier and US$1.5 million above guidance. Adjusted EBITDA is a non-GAAP measure, and the company did not provide preliminary net income.

The figures remain preliminary. Quarter-end closing procedures were incomplete and the independent auditor's review had not been finished, so final results may differ materially. The company did not explain the drivers of the outperformance in the preliminary update.

Second-Quarter Growth and Record Backlog

In its first reported quarter, released on 12 August 2026, ITG posted Q2 2026 revenue of US$404.6 million, up 38%, while Net Income fell to US$1.8 million from US$11.6 million. Adjusted EBITDA rose to US$52.2 million, a 12.9% margin, and free Cash Flow reached US$44.8 million. For the first half of 2026, revenue totaled US$738.6 million and the company recorded a net loss of US$11.4 million.

Next-twelve-month backlog climbed to US$1.52 billion at 30 June 2026 from US$1.26 billion a year earlier, supported by broadband fiber awards with Ziply Fiber and Intrepid Fiber Networks. Management credited acquisitions, expanded customer programs and new contracts across its Engineering & Maintenance and Infrastructure Deployment service lines, and said the company is positioned for Data Center build-out.

IPO Proceeds Directed at Debt Reduction

ITG's initial public offering, under a prospectus dated 30 June 2026, sold 19,512,196 Class A shares at US$16.00 each, raising gross proceeds of about US$312.2 million. The company planned to use about US$50.0 million to repay its revolving Credit Facility and about US$229.0 million to repay its term loan. Continuing Equity owners, including Oaktree entities and the founders, held about 83.9% of combined voting power after the offering, making ITG a controlled company under Nasdaq rules.

Full Results and 2026 Targets Ahead

ITG plans to release full third-quarter results after the market closes on 10 November 2026, followed by a webcast on 11 November. In August, management guided to full-year 2026 revenue of about US$1.56 billion, up 35%, adjusted EBITDA of about US$202 million and adjusted net income of about US$74 million. The preliminary update did not revise that outlook. Shares closed at US$5.97 on 30 October 2026, up 5.11% on the day, giving a market Capitalization of about US$741.22 million.