Financial Statements — ICLR
Balance Sheet
(in billions USD)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.93 | 0.77 | 0.47 | -- | 0.54 | 0.70 | 0.51 | 0.40 | 0.31 | 0.27 | 0.28 | 0.61 | 0.61 | 0.56 | 1.01 | 1.06 | 0.94 |
| Accounts Receivable | 1.46 | 1.47 | 1.39 | -- | 1.40 | 1.40 | 1.57 | 1.86 | 1.85 | 1.76 | 1.80 | 1.44 | 1.36 | 1.37 | 1.34 | 0.68 | 0.66 |
| Total Current Assets | 3.75 | 3.61 | 3.34 | -- | 3.53 | 3.78 | 3.60 | 3.55 | 3.42 | 3.37 | 3.43 | 3.17 | 2.93 | 2.87 | 3.13 | 2.29 | 2.17 |
| Property, Plant & Equipment | 0.39 | 0.38 | 0.38 | -- | 0.38 | 0.37 | 0.35 | 0.35 | 0.34 | 0.35 | 0.35 | 0.32 | 0.31 | 0.32 | 0.32 | 0.17 | 0.17 |
| Goodwill | 8.72 | 8.73 | 8.73 | -- | -- | 9.09 | 9.02 | 9.02 | 8.98 | 8.99 | 8.98 | 8.94 | 8.97 | 9.03 | 8.94 | 0.93 | 0.93 |
| Intangible Assets | 3.15 | 3.20 | 3.30 | -- | 3.56 | 3.61 | 3.63 | 3.75 | 3.93 | 4.05 | 4.16 | 4.39 | 4.51 | 4.59 | 4.82 | 0.06 | 0.06 |
| Total Non-current Assets* | 0.50 | 0.51 | 0.53 | 0.52 | 0.53 | 0.52 | 0.50 | 0.51 | 0.47 | 0.49 | 0.50 | 0.45 | 0.47 | 0.51 | 14.52 | 0.24 | 0.24 |
| Total Assets | 16.40 | 16.32 | 16.16 | -- | 16.88 | 17.21 | 16.97 | 17.05 | 17.03 | 17.11 | 17.29 | 17.13 | 17.04 | 17.16 | 17.65 | 3.58 | 3.47 |
| Accounts Payable | 0.12 | 0.10 | 0.11 | -- | 0.17 | 0.11 | 0.08 | 0.11 | 0.09 | 0.05 | 0.09 | 0.06 | 0.08 | 0.06 | 0.06 | 0.04 | 0.05 |
| Total Current Liabilities | 3.93 | 3.17 | 3.23 | -- | 2.80 | 2.82 | 2.74 | 2.95 | 2.87 | 2.76 | 2.90 | 2.73 | 2.48 | 2.54 | 2.30 | 1.11 | 1.08 |
| Long-term Debt | 2.11 | 2.87 | 2.88 | 3.38 | 3.39 | 3.40 | 3.41 | 3.42 | 3.91 | 4.21 | 4.35 | 4.79 | 4.99 | 5.09 | 5.87 | -- | -- |
| Total Non-current Liabilities* | 3.09 | 3.85 | 3.93 | -- | 4.56 | 4.62 | 4.64 | 4.67 | 5.20 | 5.55 | 5.73 | 6.16 | 6.41 | 6.55 | 7.38 | 0.45 | 0.45 |
| Total Liabilities | 7.02 | 7.02 | 7.16 | -- | 7.35 | 7.44 | 7.38 | 7.62 | 8.07 | 8.31 | 8.63 | 8.89 | 8.89 | 9.09 | 9.69 | 1.56 | 1.53 |
| Retained Earnings | 2.30 | 2.23 | 1.97 | -- | 2.72 | 2.87 | 2.77 | 2.62 | 2.22 | 2.05 | 1.94 | 1.70 | 1.54 | 1.43 | 1.34 | 1.43 | 1.36 |
| Total Stockholder Equity* | 9.38 | 9.30 | 8.99 | -- | 9.52 | 9.77 | 9.59 | 9.43 | 8.96 | 8.80 | 8.65 | 8.24 | 8.15 | 8.07 | 7.97 | 2.03 | 1.93 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 2.06 | 2.03 | 2.08 | -- | -- | 2.03 | 2.12 | 2.09 | 2.06 | 2.02 | 1.98 | 1.94 | 1.94 | 1.90 | 1.87 | 0.87 | 0.86 |
| Cost of Revenue* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.66 | -- | 0.63 |
| Gross Profit | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.21 | -- | 0.23 |
| Selling, General & Admin | 0.19 | 0.20 | 0.20 | -- | -- | 0.21 | 0.19 | 0.18 | 0.19 | 0.19 | 0.20 | 0.17 | 0.19 | 0.20 | 0.21 | 0.11 | 0.10 |
| Total Operating Expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.10 | -- | 0.12 |
| Operating Income | 0.14 | 0.17 | (0.22) | -- | -- | 0.29 | 0.23 | 0.29 | 0.26 | 0.21 | 0.22 | 0.24 | 0.18 | 0.17 | 0.01 | 0.11 | 0.12 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 0.07 | 0.08 | 0.09 | 0.09 | 0.06 | 0.05 | 0.04 | -- | -- | -- |
| Pretax Income | 0.09 | -- | (0.27) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.10) | 0.09 | 0.11 |
| Tax Provision | 0.02 | 0.02 | 0.01 | -- | -- | 0.04 | 0.02 | 0.03 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | -0.00 | 0.01 | 0.02 |
| Net Income | 0.07 | 0.10 | (0.28) | 0.18 | 0.15 | 0.20 | 0.15 | 0.19 | 0.16 | 0.12 | 0.12 | 0.16 | 0.12 | 0.11 | (0.09) | 0.07 | 0.10 |
| Basic EPS | 0.94 | 1.37 | (3.67) | -- | -- | 2.38 | 1.78 | 2.27 | 1.99 | 1.41 | 1.43 | 1.96 | 1.42 | 1.37 | (1.17) | 1.40 | 1.84 |
| Diluted EPS | 0.94 | 1.36 | (3.67) | -- | -- | 2.36 | 1.76 | 2.25 | 1.97 | 1.40 | 1.41 | 1.94 | 1.41 | 1.36 | (1.17) | 1.38 | 1.82 |
* Derived from reported values
Cash Flow Statement
(in billions USD)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 0.45 | 0.17 | 0.27 | 0.95 | 0.55 | 0.33 | 0.72 | 0.38 | 0.18 | 0.62 | 0.41 | 0.23 | 0.54 | 0.24 | 0.11 |
| Capital Expenditures | 0.07 | 0.03 | 0.03 | 0.11 | 0.06 | 0.03 | 0.09 | 0.06 | 0.03 | 0.09 | 0.05 | 0.02 | 0.05 | 0.02 | 0.01 |
| Free Cash Flow* | 0.38 | 0.14 | 0.24 | 0.84 | 0.48 | 0.30 | 0.63 | 0.32 | 0.15 | 0.54 | 0.36 | 0.21 | 0.49 | 0.22 | 0.10 |
| Investing Cash Flow | (0.15) | (0.04) | (0.04) | (0.20) | (0.07) | (0.04) | (0.10) | (0.07) | (0.03) | (0.09) | (0.05) | (0.02) | (5.97) | (0.03) | (0.01) |
| Financing Cash Flow | (0.01) | (0.01) | (0.25) | (0.43) | (0.34) | (0.26) | (0.59) | (0.33) | (0.16) | (0.67) | (0.48) | (0.39) | 5.60 | 0.00 | 0.00 |
* Derived from reported values