Information Services Group Inc.
Business
Information Services Group Inc. (ISG) is a global AI-centered technology research and advisory firm serving more than 900 clients including 75 of the world's top 100 enterprises. The company provides digital transformation and technology advisory services including sourcing advisory, cloud and data analytics, managed governance and risk services, technology strategy, and change management across private and public sectors. ISG operates through two global client solution areas: ISG Digital focusing on technology and transformation solutions, and ISG Enterprise helping clients optimize core operations, supported by proprietary platforms (GovernX, Inform, Tango) and ISG Research providing market intelligence and provider evaluations.
Summary from 10-K filed 2026-03-06
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 245 | 248 | 291 | 286 | 278 | |
| Direct costs and expenses for advisors | 139 | 150 | 179 | 170 | 168 | |
| Selling, general and administrative | 83 | 86 | 91 | 82 | 79 | |
| Depreciation and amortization | 5 | 6 | 6 | 5 | 5 | |
| Operating income | 18 | 6 | 15 | 29 | 25 | |
| Interest income | 151,000 | 782,000 | 497,000 | 189,000 | 142,000 | |
| Interest expense | −4 | −6 | −6 | — | — | |
| Gain on the sale of business | 720,000 | 5 | — | — | — | |
| Foreign currency transaction loss | −64,000 | −7,000 | −158,000 | 170,000 | 44,000 | |
| Income before taxes | 15 | 5 | 9 | 27 | 23 | |
| Income tax provision | 5 | 2 | 3 | 7 | 8 | |
| Net income | 9 | 3 | 6 | 20 | 16 | |
| Basic (shares) | 48 | 49 | 49 | 48 | 49 | |
| Diluted (shares) | 50 | 50 | 50 | 50 | 52 | |
| Basic (per share) | 0.19 | 0.06 | 0.13 | 0.41 | 0.32 | |
| Diluted (per share) | 0.19 | 0.06 | 0.12 | 0.39 | 0.3 | |
| Foreign currency translation gain, net of tax expense (benefit) of $515, and $(331) respectively | 2 | −1 | 688,000 | −3 | −2 | |
| Comprehensive income | 11 | 2 | 7 | 17 | 13 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 29 | 23 | 23 | 31 | 48 | |
| Accounts receivable and contract assets, net of allowance of $2,359 and $5,047, respectively | 59 | 59 | 82 | 80 | 64 | |
| Prepaid expenses and other current assets | 6 | 9 | 8 | 5 | 4 | |
| Total current assets | 94 | 91 | 113 | 115 | 116 | |
| Restricted cash | 93,000 | 83,000 | 173,000 | 83,000 | 88,000 | |
| Furniture, fixtures and equipment, net | 7 | 6 | 6 | 6 | 5 | |
| Right-of-use lease assets | 11 | 5 | 7 | 7 | 5 | |
| Goodwill | 89 | 87 | 97 | 95 | 91 | |
| Intangible assets, net | 3 | 4 | 13 | 14 | 12 | |
| Deferred tax assets | 5 | 7 | 5 | 3 | 2 | |
| Other assets | 2 | 4 | 6 | 3 | 5 | |
| Total assets | 211 | 205 | 247 | 243 | 237 | |
| Accounts payable | 10 | 9 | 11 | 16 | 16 | |
| Contract liabilities | 10 | 10 | 10 | 7 | 7 | |
| Accrued expenses and other current liabilities | 20 | 19 | 25 | 24 | 29 | |
| Total current liabilities | 40 | 38 | 46 | 51 | 57 | |
| Long-term debt, net of current maturities | 59 | 59 | 79 | 74 | 69 | |
| Deferred tax liabilities | 2 | 2 | 2 | 2 | 3 | |
| Operating lease liabilities | 9 | 3 | 5 | 5 | 3 | |
| Other liabilities | 6 | 5 | 12 | 10 | 6 | |
| Total liabilities | 116 | 108 | 145 | 143 | 138 | |
| Commitments and contingencies (Note 14) | — | — | — | — | — | |
| Preferred stock, $0.001 par value; 10,000 shares authorized; none issued | — | — | — | — | — | |
| Common stock, $0.001 par value; 100,000 shares authorized; 49,707 shares issued and 47,774 outstanding at December 31, 2025 and 49,658 shares issued and 48,542 outstanding at December 31, 2024 | 50,000 | 50,000 | 49,000 | 49,000 | 49,000 | |
| Additional paid-in capital | 203 | 210 | 218 | 226 | 238 | |
| Treasury stock (1,933 and 1,116 common shares, respectively, at cost) | −9 | −4 | −4 | −7 | −4 | |
| Accumulated other comprehensive loss | −8 | −10 | −9 | −10 | −7 | |
| Accumulated deficit | −91 | −100 | −103 | −109 | −128 | |
| Total stockholders' equity | 95 | 96 | 102 | 100 | 98 | |
| Total liabilities and stockholders' equity | 211 | 205 | 247 | 243 | 237 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 9 | 3 | 6 | 20 | 16 | |
| Depreciation expense | 3 | 3 | 3 | 3 | 3 | |
| Amortization of intangible assets | 1 | 3 | 3 | 2 | 3 | |
| Deferred tax expense (benefit) from stock issuances | 73,000 | 401,000 | −241,000 | −1 | −2 | |
| Amortization of deferred financing costs | 200,000 | 200,000 | 200,000 | 300,000 | 400,000 | |
| Stock-based compensation | 8 | 8 | 9 | 7 | 6 | |
| Change in fair value of contingent consideration | −811,000 | −2 | 104,000 | 1 | 101,000 | |
| Provisions for credit losses | 921,000 | 1 | 5 | 320,000 | −138,000 | |
| Deferred tax (benefit) provision | 1 | −2 | −2 | 757,000 | 2 | |
| Accounts receivable and contract assets | −2 | 7 | −7 | −14 | 3 | |
| Prepaid expenses and other assets | 196,000 | 5 | −6 | −948,000 | −243,000 | |
| Accounts payable | 629,000 | −2 | −5 | −699,000 | 5 | |
| Contract liabilities | −270,000 | 713,000 | 1 | −76,000 | 2 | |
| Accrued expenses and other liabilities | 8 | −1 | 4 | −7 | 6 | |
| Net cash provided by operating activities | 29 | 20 | 12 | 11 | 42 | |
| Acquisition of Martino & Partners, net of cash acquired (Note 4) | −2 | — | — | — | — | |
| Divestiture, net of cash disposed (Note 5) | — | 22 | — | — | — | |
| Purchase of furniture, fixtures and equipment | −4 | −3 | −3 | −3 | −2 | |
| Net working capital settlement from divestiture (Note 2) | 720,000 | — | — | — | — | |
| Net cash (used in) provided by investing activities | −5 | 19 | −4 | −7 | −2 | |
| Proceeds from revolving facility (Note 13) | 15 | 28 | 84 | 9 | — | |
| Repayment of outstanding debt (Note 13) | −15 | −48 | −84 | — | — | |
| Additional proceeds from the sale of the Automation business (Note 2) | 2 | 2 | — | — | — | |
| Proceeds from issuance of employee stock purchase plan shares | 644,000 | 794,000 | 930,000 | 944,000 | 610,000 | |
| Payments related to tax withholding for stock-based compensation | −3 | −2 | −3 | −4 | −7 | |
| Payment of contingent consideration | −550,000 | −2 | −1 | −1 | −3 | |
| Cash dividends paid to shareholders | −9 | −9 | −9 | −7 | −4 | |
| Treasury shares repurchased | −9 | −6 | −3 | −12 | −16 | |
| Net cash used in financing activities | −20 | −38 | −16 | −19 | −34 | |
| Effect of exchange rate changes on cash | 1 | −602,000 | 498,000 | −2 | −2 | |
| Net increase in cash, cash equivalents, and restricted cash | 6 | 349,000 | −8 | −17 | 4 | |
| Interest | 4 | 6 | 5 | 2 | 2 | |
| Taxes, net of refunds | 1 | 2 | 8 | 13 | 4 | |
| Right-of-use assets obtained in exchange for lease liabilities (Note 9) | 7 | 319,000 | — | — | — | |
| Issuance of treasury stock for vested restricted stock units | 6 | 7 | 8 | 11 | 12 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Information Services Group Inc.'s CIK number?
Information Services Group Inc.'s SEC CIK number is 0001371489 (1371489). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Information Services Group Inc.'s SEC filings?
All of Information Services Group Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Information Services Group Inc. last report earnings?
Information Services Group Inc. (III) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-057199). This is Information Services Group Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Information Services Group Inc.'s most recent earnings 8-K?
Information Services Group Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001104659-26-057199. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Information Services Group Inc.'s latest earnings 8-K →
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