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BALCAO · SERVICES-BUSINESS SERVICES, NEC · SMALL CAP

Icts International N V ICTSF

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$534.4M
▲ 10.6% YoY
$-14.3M
$-32.8M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

ICTS provides aviation security, other aviation-related and authentication services through three subsidiaries: I-SEC, which provides mainly aviation security services at airports in Europe and the Far East; Huntleigh, which provides for the most part non-security other aviation related services in the United States; and AU10TIX, which develops technological systems and provides authentication solutions for financial and other companies. I-SEC provides aviation security services in four fields: Airports, Airlines, Cargo and General (High-risk) Security. I-SEC has operations in the Netherlands, Germany, Spain, Denmark, Sweden and Japan. As of December 31, 2025, Huntleigh provided limited aviation security services and other aviation related services at approximately 30 airports in 20 states. AU10TIX's modular SaaS offering for identity verification and fraud prevention automates the capture, extraction and validation from physical and digital ID documents.

Written from the business description in ICTS INTERNATIONAL N.V.'s annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth

USD 534.4M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 534.4 · Net income -14.3
200M400M
2009201220152018202120242025
Compound annual growth
+18.0%
+16.6%
+11.1%
+12.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +16.6% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−3 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -3.3% · Net -3.5%
5%10%15%-1%-2%-3%
200920172025
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: -18%.

Cash & shareholders

USD 0.00
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -32.8
20M40M-15M-30M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 0.0 · Net buybacks ·
2M3M
2022202320242025

Total assetsUSD 165.5M
CashUSD 16.9M
Current ratio1.79×

Not available: we don't have the total debt figure for this period.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ICTSF, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.50.50.40.30.30.20.30.30.30.30.20.20.10.10.10.10.1
Operating income $B−0.0−0.00.0−0.00.10.00.0−0.00.00.0−0.00.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.00.0−0.00.10.00.0−0.00.00.0−0.00.0−0.0−0.0−0.0−0.0◌
Income tax $B0.0−0.00.00.00.00.00.00.00.00.00.00.0−0.00.0−0.00.0−0.0
Net income $B−0.0−0.00.0−0.00.00.0−0.0−0.00.00.0−0.00.0−0.0−0.0−0.0−0.00.0
Free cash flow $B−0.0−0.00.0−0.00.10.0−0.00.00.00.00.00.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−0.40−0.110.18−0.130.610.11−0.26−0.480.280.20−0.580.18−0.43−1.12−0.27−1.020.43
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %−0−770−0—————————————
ROE % — not applicable: negative equity—————————————————
Shares out B0.040.040.040.040.040.040.040.030.020.020.010.010.010.010.010.01◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 1 failure in 81 reconciliationsAUDITED

Reconciled in 16 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Four checks were skipped: the share count is not tagged before 2011. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure
ActivityServices-Business Services, NEC
Listed onOTC market
Incorporated inoutside the United States — SEC code P7
Fiscal year endsDecember 31
Data on record since2009

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