IAC Inc. (IAC) Stock Falls on Q1 2026 Earnings

IAC Inc. (IAC) reported first-quarter 2026 results.

Key results include:

Revenue: $422.9 million, down 25.9% year-over-year (estimate: $502.0 million).

Gross profit: $263.1 million, down 28.0% year-over-year.

Operating loss: -$40.1 million, a decline of 212.0% year-over-year.

Net loss attributable to common shareholders: -$71.9 million, down 66.8% year-over-year.

Diluted earnings per share: -0.94, versus an estimate of -0.36.

Cash flow and balance-sheet highlights:

Cash from operating activities: $5.4 million, up 8,509.5% year-over-year.

Purchases of property, plant and equipment: -$5.2 million, up 12.0% year-over-year.

Cash and cash equivalents at quarter end: $960.2 million, down 17.2% year-over-year.

Total liabilities: $4.7 billion, up 94.5% year-over-year.

Cost of sales: $159.8 million, down 22.2% year-over-year.

Market and takeaway points:

The company missed revenue expectations, which likely contributed to investor pressure.

Share movement since market close: down 3.48%.

Despite the quarterly loss, IAC finished the quarter with roughly $960.2 million in cash and equivalents.

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

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IAC Inc. Hedge Fund Activity

We have seen 153 institutional investors add shares of IAC Inc. stock to their portfolio, and 198 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BANK OF MONTREAL /CAN/ added 3,120,799 shares (+42721.4%) to their portfolio in Q4 2025, for an estimated $122,023,240
JPMORGAN CHASE & CO removed 3,014,093 shares (-82.6%) from their portfolio in Q4 2025, for an estimated $117,851,036
ARISTEIA CAPITAL, L.L.C. added 2,861,871 shares (+100.7%) to their portfolio in Q4 2025, for an estimated $111,899,156
SOUTHEASTERN ASSET MANAGEMENT INC/TN/ added 1,221,829 shares (+44.1%) to their portfolio in Q4 2025, for an estimated $47,773,513
NORGES BANK removed 830,883 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $32,487,525
BOSTON PARTNERS added 744,569 shares (+inf%) to their portfolio in Q4 2025, for an estimated $29,112,647
APOLLO MANAGEMENT HOLDINGS, L.P. added 700,000 shares (+inf%) to their portfolio in Q4 2025, for an estimated $27,370,000

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

IAC Inc. Analyst Ratings

Wall Street analysts have issued reports on $IAC in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Benchmark issued a "Buy" rating on 04/29/2026
Jefferies issued a "Buy" rating on 12/11/2025

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 $51.0.

Here are some recent targets:

John Blackledge from TD Cowen set a target price of $66.0 on 05/04/2026
Daniel Kurnos from Benchmark set a target price of $60.0 on 04/29/2026
Eric Sheridan from Goldman Sachs set a target price of $56.0 on 04/28/2026
Justin Patterson from Keybanc set a target price of $51.0 on 04/23/2026
Ronald Josey from Citigroup set a target price of $44.0 on 02/10/2026
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