Quarterly ResultMay 13, 2026, 04:57 PM
Intermap Q1 Revenue $1.4M; Recurring Revenue Over 80%
AI Summary
Intermap Technologies reported first quarter 2026 revenue of $1.4 million, with recurring subscription and data revenue exceeding 80% of the total. The company stated that operations were near break-even when excluding timing and financing related items. Intermap reiterated its 2026 guidance of $30-35 million in revenue and a 28% EBITDA margin, citing an active government pipeline and expanding enterprise adoption of its AI-enabled data-as-a-service platforms.
Key Highlights
- Q1 2026 total revenue was $1.4 million.
- Recurring subscription and data revenue exceeded 80% of total revenue.
- Operations were near break-even, excluding timing and financing related items.
- Company ended the quarter with approximately $18.8 million in cash.
- Working capital stood at approximately $16.3 million.
- Reiterated 2026 guidance of $30-35 million in revenue and a 28% EBITDA margin.
- Enterprise adoption of the data-as-a-service platform, led by Agentic AI Risk Assistant, expanded globally.
- Government pipeline remains active and is expected to convert into revenue.