ITG Revenue Jumps 49% to Record $461.5 Million as Backlog Reaches $1.54 Billion

ITG, Inc. reported record third-quarter 2026 revenue of $461.5 million, up 49% year-over-year, and Adjusted EBITDA of $64.5 million, up 64%, according to the FinancialContent Business Page. The company also updated its 2026 outlook to approximately 37% revenue growth and 37% Adjusted EBITDA growth.

ITG's Record Quarter and Raised Outlook

ITG is a provider of end-to-end services to the communications and digital infrastructure industries, supporting the planning, design, construction, operation and maintenance of broadband, wireless, data center, utility and civil infrastructure across 49 states, according to company records.

Revenue for the quarter ended September 30, 2026 rose to $461.5 million from $309.2 million a year earlier. Adjusted EBITDA increased to $64.5 million from $39.3 million, and free cash flow was $62.8 million versus $26.2 million in the third quarter of 2025. Net loss attributable to ITG, Inc. was $6.1 million.

Next-twelve-month backlog reached $1,539 million as of September 30, 2026, compared with $1,209 million a year earlier and $1,517 million as of June 30, 2026. ITG cited strong new order activity, including broadband fiber deployment awards with multiple new customers.

"Revenue and Adjusted EBITDA reached record levels and exceeded the outlook we provided last quarter," said Andy Parrott, Chief Executive Officer of ITG. "Adjusted EBITDA margin also improved both year-over-year and sequentially, reflecting higher activity levels, improved asset utilization and solid execution by our operating teams."

For the fourth quarter, ITG guided to revenue of $378 million, up 15%, and Adjusted EBITDA of $51 million, up 31%. For the full year, it expects revenue of $1,578 million and Adjusted EBITDA of $203 million.

ITG's Path From Nasdaq Debut to Record Results

ITG completed its Nasdaq initial public offering on July 1, 2026, raising $312.2 million at $16 per share, below the $19 to $22 marketed range, with a $2.18 billion market value at debut, according to akta.pro company records. The company sold 19.5 million shares in the offering.

In April 2026, ITG appointed broadband veteran Andy Parrott as CEO and capital markets veteran Chris Mecray as CFO, with co-founder Michael Brooks moving to Executive Chairman, the same records show. ITG's current workforce is more than 12,000, according to those records.

ITG's Earnings Call and Prior Guidance

ITG said it will host a webcast of its quarterly earnings call to discuss the results on November 11, 2026, at 8:00 a.m. ET, accessible through the Investors section of its website. The company had said it would release its third-quarter 2026 financial results on November 10, 2026, after market close, and host the webcast the following morning, Stock Titan reported.