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Recent Updates — ITG

August 12, 2026View Source ↗

ITG, Inc. reported second quarter fiscal 2026 financial results for the period ended June 30, 2026. Revenue increased 38% year-over-year to $404.6 million, while Adjusted EBITDA rose 21% to $52.2 million and Free Cash Flow grew 66% to $44.8 million. Net income was $1.8 million. The company announced its initial full-year 2026 outlook, projecting revenue of approximately $1.556 billion (+35%) and Adjusted EBITDA of $202 million (+36%). Additionally, ITG completed an initial public offering subsequent to the quarter end, with net proceeds primarily used for debt repayment.

July 2, 2026View Source ↗

ITG, Inc. completed its initial public offering on July 2, 2026, selling 19,512,196 shares of Class A Common Stock at $16.00 per share. Underwriters exercised an option to purchase an additional 2,926,829 shares. Net proceeds were used to repay outstanding borrowings under the company's revolving credit and term loan facilities. The company issued 26,005,508 Class A shares to Oaktree Blocked Fund, 31,880,101 Class B shares to Oaktree Aggregator, and 43,832,585 Class B shares to ITG Management Holdings, LLC. Francis A. Braun III and Dylan G. Petre were appointed as independent directors on July 1, 2026. Executive equity awards were granted to Andrew D. Parrott ($2.5 million) and Christopher H. Mecray ($800,000). The company also adopted an Omnibus Incentive Plan and amended its certificate of incorporation and bylaws. ITG, Inc. is an emerging growth company that operates in an unspecified industry.