IAC Inc. (IAC) Releases Q4 2025 Earnings: Revenue In Line; EPS Miss and Sharp YoY Declines

IAC Inc. ($IAC) reported fourth-quarter 2025 results with total revenue of $646.0 million, down 66.1% year-over-year and roughly in line with the consensus revenue estimate of $647.1 million.

Key income statement highlights:

Revenue: $646.0 million (down 66.1% YoY)

Gross profit: $450.9 million (down 71.9% YoY)

Cost of sales: $195.1 million (down 35.9% YoY)

Operating loss: $113.4 million (a 256.3% YoY deterioration)

Net loss attributable to common shareholders: $76.8 million (down 61.4% YoY)

Per-share and cash-flow metrics:

Diluted earnings per share: -0.99 (down 59.1% YoY)

Consensus EPS estimate: 0.78 per share

Cash from operating activities: $36.6 million (down 84.1% YoY)

Capital expenditures (purchases of property, plant and equipment): $5.2 million (down 90.7% YoY)

Balance sheet snapshot:

Cash and cash equivalents: $960.2 million (down 30.5% YoY)

Total liabilities: $2.34 billion (down 30.8% YoY)

Overall, IAC Inc. ($IAC) posted a steep year-over-year decline in revenue and profitability for Q4 2025, produced a significant operating and net loss, and missed expectations on earnings per share while revenue was essentially in line with estimates.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

IAC Inc. Hedge Fund Activity

We have seen 163 institutional investors add shares of IAC Inc. stock to their portfolio, and 178 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO removed 2,918,970 shares (-44.4%) from their portfolio in Q3 2025, for an estimated $99,449,307
ARISTEIA CAPITAL, L.L.C. added 2,832,140 shares (+33524.4%) to their portfolio in Q3 2025, for an estimated $96,491,009
ARROWMARK COLORADO HOLDINGS LLC removed 1,166,049 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $39,727,289
CORVEX MANAGEMENT LP added 787,459 shares (+39.4%) to their portfolio in Q3 2025, for an estimated $26,828,728
WALLACE CAPITAL MANAGEMENT INC. added 738,140 shares (+inf%) to their portfolio in Q3 2025, for an estimated $25,148,429
HELIKON INVESTMENTS LTD removed 711,041 shares (-34.9%) from their portfolio in Q3 2025, for an estimated $24,225,166
ARTISAN PARTNERS LIMITED PARTNERSHIP removed 574,042 shares (-62.8%) from their portfolio in Q3 2025, for an estimated $19,557,610

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

IAC Inc. Analyst Ratings

Wall Street analysts have issued reports on $IAC in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Jefferies issued a "Buy" rating on 12/11/2025
Benchmark issued a "Buy" rating on 11/05/2025
Keybanc issued a "Overweight" rating on 11/03/2025

To track analyst ratings and price targets for IAC Inc., check out Quiver Quantitative's $IAC forecast page.

IAC Inc. Price Targets

Multiple analysts have issued price targets for $IAC recently. We have seen 7 analysts offer price targets for $IAC in the last 6 months, with a median target of $46.0.

Here are some recent targets:

Cory Carpenter from JP Morgan set a target price of $46.0 on 12/12/2025
Brent Thill from Jefferies set a target price of $45.0 on 12/11/2025
Ross Sandler from Barclays set a target price of $48.0 on 11/05/2025
Youssef Squali from Truist Securities set a target price of $52.0 on 11/05/2025
Daniel Kurnos from Benchmark set a target price of $57.0 on 11/05/2025
Kunal Madhukar from UBS set a target price of $39.0 on 11/05/2025
Justin Patterson from Keybanc set a target price of $41.0 on 11/03/2025