IAC/InterActiveCorp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), IAC/InterActiveCorp reported revenue of $2.4B (-37.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $2.4B | $3.8B | $4.4B | $5.2B |
| Cost of revenue (exclusive of depreciation shown separately below) | $809.8M | $1.1B | $1.3B | $1.9B |
| Selling and marketing expense | $728.2M | $1.3B | $1.6B | $1.9B |
| General and administrative expense | $418.5M | $817.7M | $892.0M | $977.3M |
| Product development expense | $196.0M | $323.7M | $334.5M | $332.9M |
| Depreciation | $37.5M | $126.9M | $175.1M | $131.0M |
| Amortization of intangibles | $93.1M | $144.5M | $296.0M | $307.7M |
| Goodwill impairment | $207.5M | $0 | $9.0M | $112.8M |
| Total operating costs and expenses | $2.5B | $3.8B | $4.6B | $5.7B |
| Operating loss | ($97.4M) | ($4.2M) | ($260.8M) | ($474.8M) |
| Interest expense | ($120.0M) | ($155.9M) | ($157.6M) | ($110.2M) |
| Unrealized gain (loss) on investment in MGM Resorts International | $119.2M | ($649.2M) | $721.7M | ($723.5M) |
| Other income, net | $16.4M | $116.9M | $63.9M | ($217.8M) |
| (Loss) earnings from continuing operations before income taxes | ($81.9M) | ($692.4M) | $367.1M | ($1.5B) |
| Income tax (provision) benefit | ($34.8M) | $159.1M | ($108.8M) | $331.1M |
| Net (loss) earnings from continuing operations | ($116.8M) | ($533.3M) | $258.3M | ($1.2B) |
| Earnings (loss) from discontinued operations, net of tax | $15.3M | $0 | $0 | $2.7M |
| Net (loss) earnings | ($101.5M) | ($533.3M) | $258.3M | ($1.2B) |
| Net (earnings) loss attributable to noncontrolling interests | ($2.6M) | ($6.6M) | $7.6M | $22.3M |
| Net (loss) earnings attributable to IAC shareholders | ($104.0M) | ($539.9M) | $265.9M | ($1.2B) |
| Basic (loss) earnings per share (in USD per share) | -$1.46 | -$6.49 | $3.07 | -$13.58 |
| Diluted (loss) earnings per share (in USD per share) | -$1.46 | -$6.49 | $2.97 | -$13.58 |
| Basic (loss) earning per share (in USD per share) | -$1.30 | -$6.49 | $3.07 | -$13.55 |
| Diluted (loss) earning per share (in USD per share) | -$1.30 | -$6.49 | $2.97 | -$13.55 |
| Total stock-based compensation expense | $32.3M | $112.5M | $117.2M | $123.5M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $436.7M | $422.9M | $589.8M | $586.9M |
| Cost of revenue (exclusive of depreciation shown separately below) | $156.5M | $159.8M | $207.5M | $202.0M |
| Selling and marketing expense | $120.7M | $133.0M | $188.4M | $185.8M |
| General and administrative expense | $113.5M | $104.1M | $132.4M | $117.3M |
| Product development expense | $33.7M | $39.7M | $49.5M | $49.8M |
| Depreciation | $7.5M | $7.3M | $9.0M | $8.0M |
| Amortization of intangibles | $19.0M | $19.0M | $23.5M | $23.4M |
| Total operating costs and expenses | $451.0M | $463.0M | $610.2M | $586.4M |
| Operating (loss) income | ($14.3M) | ($40.1M) | ($20.4M) | $575.0K |
| Interest expense | ($25.9M) | ($25.9M) | ($27.6M) | ($37.2M) |
| Unrealized gain (loss) on investment in MGM Resorts International | $721.7M | $34.0M | $17.5M | $307.4M |
| Other income, net | $10.6M | $14.1M | ($18.4M) | $2.8M |
| Earnings (loss) from continuing operations before income taxes | $692.1M | ($17.8M) | ($49.0M) | $273.7M |
| Income tax (provision) benefit | ($177.3M) | $15.6M | $27.3M | ($63.0M) |
| Net earnings (loss) from continuing operations | $514.7M | ($2.3M) | ($21.7M) | $210.6M |
| Loss on the sale of Care.com, net of income taxes | ($2.7M) | ($75.6M) | — | — |
| (Loss) earnings from discontinued operations, net of income taxes | ($4.2M) | $7.2M | — | — |
| Net earnings (loss) | $507.8M | ($70.7M) | ($21.7M) | $210.6M |
| Net (earnings) loss attributable to noncontrolling interests | ($988.0K) | ($1.2M) | ($142.0K) | $819.0K |
| Net earnings (loss) attributable to People Incorporated shareholders | $506.9M | ($71.9M) | ($21.9M) | $211.5M |
| Basic earnings (loss) per share (USD per share) | $6.87 | -$0.05 | -$0.27 | $2.64 |
| Diluted earnings (loss) per share (USD per share) | $6.77 | -$0.05 | -$0.27 | $2.57 |
| Basic earnings (loss) per share (USD per share) | $6.78 | -$0.94 | -$0.27 | $2.64 |
| Diluted earnings (loss) per share (USD per share) | $6.68 | -$0.94 | -$0.27 | $2.57 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $960.2M | $1.8B | $1.3B | $1.4B |
| Accounts receivable, net | $448.8M | $519.7M | $536.6M | $607.8M |
| Other current assets | $135.7M | $167.2M | $257.5M | $296.6M |
| Current assets of discontinued operations | $0 | — | — | — |
| Total current assets | $1.5B | $2.5B | $2.2B | $2.6B |
| Buildings, land, equipment, leasehold improvements and capitalized software, net | $287.4M | $392.8M | $455.3M | $510.6M |
| Goodwill | $1.8B | $2.9B | $3.0B | $3.0B |
| Intangible assets, net of accumulated amortization | $465.9M | $722.1M | $874.7M | $1.2B |
| Investment in MGM Resorts International | $2.4B | $2.2B | $2.9B | $2.2B |
| Long-term investments | $409.2M | $438.5M | $411.2M | $325.7M |
| Other non-current assets | $230.2M | $388.9M | $473.3M | $625.8M |
| Non-current assets of discontinued operations | $0 | — | — | — |
| TOTAL ASSETS | $7.1B | $9.5B | $10.4B | $10.4B |
| Current portion of long-term debt | $24.5M | $35.0M | $30.0M | $30.0M |
| Accounts payable, trade | $37.5M | $72.0M | $105.5M | $133.1M |
| Deferred revenue | $50.3M | $98.6M | $143.4M | $157.1M |
| Accrued expenses and other current liabilities | $448.5M | $680.6M | $671.5M | $759.8M |
| Current liabilities of discontinued operations | $0 | — | — | — |
| Total current liabilities | $560.9M | $886.2M | $950.5M | $1.1B |
| Long-term debt, net | $1.4B | $1.9B | $2.0B | $2.0B |
| Deferred income taxes | $148.6M | $13.9M | $164.6M | $76.3M |
| Other long-term liabilities | $230.9M | $410.9M | $474.5M | $617.8M |
| Non-current liabilities of discontinued operations | $0 | — | — | — |
| Redeemable noncontrolling interests | $25.3M | $25.4M | $33.4M | $27.2M |
| Common stock, value | $9.0K | $9.0K | $9.0K | $9.0K |
| Additional paid-in capital | $6.0B | $6.4B | $6.3B | $6.3B |
| Accumulated deficit | ($643.0M) | ($539.0M) | $923.0K | ($265.0M) |
| Accumulated other comprehensive loss | ($11.8M) | ($11.4M) | ($10.9M) | ($13.1M) |
| Treasury stock, 12,026 and 4,350 shares at December 31, 2025 and 2024, respectively | -571.0M | -252.4M | -252.4M | -85.3M |
| Total IAC shareholders’ equity | $4.7B | $5.6B | $6.1B | $5.9B |
| Noncontrolling interests | $29.9M | $701.1M | $677.1M | $640.9M |
| Total shareholders’ equity | $4.8B | $6.3B | $6.8B | $6.6B |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $7.1B | $9.5B | $10.4B | $10.4B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.1B | $1.1B | $1.0B | $1.1B |
| Accounts receivable, net | $329.4M | $328.8M | $397.4M | $376.2M |
| Other current assets | $107.6M | $109.4M | $112.5M | $131.5M |
| Current assets of discontinued operations | $1.7M | $0 | $0 | $0 |
| Total current assets | $1.6B | $1.6B | $1.5B | $1.6B |
| Buildings, land, equipment, leasehold improvements and capitalized software, net | $289.0M | $285.6M | $299.3M | $304.7M |
| Goodwill | $1.5B | $1.5B | $2.0B | $2.0B |
| Intangible assets, net of accumulated amortization | $357.7M | $375.3M | $484.1M | $507.5M |
| Investment in MGM Resorts International | $3.2B | $2.5B | $2.2B | $2.2B |
| Long-term investments | $404.6M | $404.6M | $409.6M | $409.6M |
| Other non-current assets | $214.1M | $223.0M | $242.6M | $317.8M |
| Non-current assets of discontinued operations | $0 | $0 | $0 | $0 |
| TOTAL ASSETS | $7.5B | $6.8B | $7.2B | $7.4B |
| Current portion of long-term debt | $24.5M | $24.5M | $22.8M | $21.0M |
| Accounts payable, trade | $32.2M | $35.8M | $42.7M | $47.9M |
| Deferred revenue | $17.4M | $20.9M | $64.1M | $65.1M |
| Accrued expenses and other current liabilities | $342.3M | $338.5M | $462.1M | $424.7M |
| Current liabilities of discontinued operations | $4.0M | $0 | $0 | $0 |
| Total current liabilities | $420.4M | $419.8M | $591.7M | $558.6M |
| Long-term debt, net | $1.4B | $1.4B | $1.4B | $1.4B |
| Deferred income taxes | $373.0M | $193.0M | $106.6M | $134.8M |
| Other long-term liabilities | $206.2M | $217.0M | $238.9M | $291.8M |
| Non-current liabilities of discontinued operations | $0 | $0 | $0 | $0 |
| Redeemable noncontrolling interests | $12.2M | $12.2M | $25.3M | $25.3M |
| Common stock, value | $9.0K | $9.0K | $9.0K | $9.0K |
| Additional paid-in-capital | $6.0B | $6.0B | $5.9B | $5.9B |
| Accumulated deficit | ($208.0M) | ($714.9M) | ($566.2M) | ($544.3M) |
| Accumulated other comprehensive loss | ($13.8M) | ($14.1M) | ($11.9M) | ($11.1M) |
| Treasury stock, 15,517 shares and 12,026 shares at June 30, 2026 and December 31, 2025, respectively | -704.3M | -695.9M | -554.8M | -454.0M |
| Total People Incorporated shareholders' equity | $5.1B | $4.5B | $4.8B | $4.9B |
| Noncontrolling interests | $35.5M | $33.0M | $27.9M | $26.4M |
| Total shareholders' equity | $5.1B | $4.6B | $4.8B | $4.9B |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $7.5B | $6.8B | $7.2B | $7.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net (loss) earnings | ($101.5M) | ($533.3M) | $258.3M | ($1.2B) |
| Less: Earnings (loss) from discontinued operations, net of tax | $15.3M | $0 | $0 | $2.7M |
| Net (loss) earnings from continuing operations | ($116.8M) | ($533.3M) | $258.3M | ($1.2B) |
| Goodwill impairment | $207.5M | $0 | $9.0M | $112.8M |
| Amortization of intangibles | $93.1M | $144.5M | $296.0M | $307.7M |
| Depreciation | $37.5M | $126.9M | $175.1M | $131.0M |
| Non-cash lease expense (including right-of-use asset impairments) | $36.7M | $54.0M | $101.7M | $70.9M |
| Stock-based compensation expense | $32.3M | $112.5M | $117.2M | $123.5M |
| Deferred income taxes | $27.6M | ($181.0M) | $88.8M | ($337.8M) |
| Loss related to the allocation of a disputed gain on a real estate transaction | $19.2M | — | — | — |
| Net losses (gains) on sales of investments and businesses (including unrealized losses on investments) | $17.7M | ($10.5M) | $19.3M | — |
| Unrealized (gain) loss on investment in MGM Resorts International | ($119.2M) | ($649.2M) | $721.7M | $723.5M |
| Net (gains) losses on amendments and early terminations of lease agreements | ($42.2M) | — | — | — |
| Increase in the estimated fair value of a warrant | $0 | ($20.4M) | ($2.8M) | $62.5M |
| Other adjustments, net | $11.7M | ($1.5M) | ($12.3M) | $18.0M |
| Accounts receivable | $14.2M | ($51.8M) | ($37.3M) | ($66.7M) |
| Other assets | $1.4M | $103.9M | $11.3M | $8.9M |
| Operating lease liabilities | ($88.7M) | ($69.8M) | ($74.3M) | ($63.8M) |
| Accounts payable and other liabilities | ($58.6M) | ($9.3M) | ($120.3M) | ($247.9M) |
| Income taxes payable and receivable | ($2.3M) | ($2.8M) | $2.9M | ($6.7M) |
| Deferred revenue | ($7.1M) | ($12.5M) | ($9.2M) | ($11.0M) |
| Net cash provided by operating activities attributable to continuing operations | $64.0M | — | $189.5M | ($82.8M) |
| Capital expenditures | ($19.2M) | ($65.5M) | ($141.4M) | ($139.8M) |
| Allocation of Angi Inc. cash in the Distribution | ($386.6M) | — | — | — |
| Purchase of MGM Resorts International common shares | -40.0M | 0 | — | — |
| Net proceeds from the sales of investments and businesses | $11.4M | $177.2M | $11.9M | $90.8M |
| Purchases of investments | $0 | ($53.0K) | ($103.6M) | ($3.0M) |
| Proceeds from the sale of a portion of the retirement investment fund | $13.9M | $2.3M | — | — |
| Purchase of retirement investment fund | $0 | ($16.0M) | — | — |
| Net proceeds from sales of fixed assets | $17.5M | $12.8M | $29.8M | — |
| Proceeds from maturities of marketable debt securities | $0 | $375.0M | $550.0M | $0 |
| Purchases of marketable debt securities | $0 | ($221.8M) | ($455.4M) | ($233.9M) |
| Net collections of notes receivable | $0 | $11.8M | $11.3M | — |
| Other, net | ($1.6M) | $985.0K | $9.9M | $15.9M |
| Net cash (used in) provided by investing activities attributable to continuing operations | ($404.6M) | — | ($87.5M) | ($494.8M) |
| Principal payments on Term Loans | ($1.4B) | ($68.0M) | ($30.0M) | ($30.0M) |
| Net proceeds from Term Loans refinancing | $991.5M | $8.0M | $0 | $0 |
| Proceeds from the issuance of the 2032 Notes | $400.0M | — | — | $0 |
| Debt issuance and deferred financing costs | ($12.9M) | — | — | — |
| Purchases of treasury stock | ($315.0M) | ($28.6M) | ($176.6M) | ($93.5M) |
| Withholding taxes paid on behalf of employees on net settled stock-based awards | ($80.0M) | ($22.6M) | ($16.6M) | ($26.9M) |
| Other, net | $43.0K | ($1.9M) | ($8.0K) | $5.0M |
| Net cash used in financing activities attributable to continuing operations | ($451.0M) | ($129.1M) | ($223.0M) | ($112.7M) |
| Total cash (used in) provided by continuing operations | ($791.6M) | $502.2M | ($121.0M) | ($690.3M) |
| Net cash (used in) provided by operating activities attributable to discontinued operations | ($2.8M) | — | $0 | $0 |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net earnings (loss) | $437.2M | ($70.7M) | ($25.7M) | ($3.9M) |
| Less: Loss on the sale of Care.com, net of income taxes | ($78.3M) | ($75.6M) | — | — |
| Less: Earnings from discontinued operations, net of income taxes | $216.0K | $7.2M | — | — |
| Net earnings (loss) attributable to continuing operations | $515.3M | ($2.3M) | ($41.0M) | ($19.2M) |
| Unrealized (gain) loss on investment in MGM Resorts International | ($755.7M) | ($34.0M) | ($648.0K) | $16.8M |
| Gain on sale of an unutilized domain name | ($7.5M) | ($7.5M) | — | — |
| Deferred income taxes | $166.7M | ($15.1M) | ($46.9M) | ($18.7M) |
| Stock-based compensation expense | $51.4M | $16.4M | $16.1M | ($925.0K) |
| Amortization of intangibles | $38.1M | $19.0M | $70.5M | $46.9M |
| Non-cash lease expense (including right-of-use asset impairments) | $15.1M | $7.5M | $28.9M | $17.6M |
| Depreciation | $14.8M | $7.3M | $28.9M | $19.9M |
| Net downward adjustments to the carrying value of equity securities without readily determinable fair values and net gains on sales of investments and businesses | $4.6M | $4.6M | — | — |
| Net gains on amendments and early terminations of lease agreements | $0 | $0 | ($42.2M) | ($36.1M) |
| Other adjustments, net | $3.0M | $2.8M | $9.3M | $8.9M |
| Accounts receivable | $77.5M | $86.3M | $70.7M | $93.6M |
| Other assets | ($267.0K) | ($940.0K) | ($5.2M) | ($22.6M) |
| Operating lease liabilities | ($23.4M) | ($14.5M) | ($78.6M) | ($64.4M) |
| Accounts payable and other liabilities | ($40.0M) | ($61.6M) | ($38.8M) | ($69.6M) |
| Income taxes payable and receivable | ($1.4M) | ($635.0K) | ($2.0M) | ($1.4M) |
| Deferred revenue | ($2.5M) | $2.5M | $7.1M | $7.6M |
| Net cash provided by (used in) operating activities attributable to continuing operations | $55.6M | $10.0M | $27.5M | ($2.7M) |
| Capital expenditures | ($19.1M) | ($8.0M) | ($14.0M) | ($9.1M) |
| Net proceeds from the sale of Care.com | $295.7M | $295.7M | — | — |
| Purchase of MGM Resorts International common shares | -37.2M | -37.2M | — | — |
| Allocation of Angi Inc.'s cash in the Distribution | $0 | $0 | ($386.6M) | ($386.6M) |
| Proceeds from the sale of an unutilized domain name | $7.5M | $7.5M | — | — |
| Net proceeds from the sales of investments and businesses | $38.0K | $38.0K | $9.9M | $9.9M |
| Proceeds from the sale of a portion of the retirement investment fund | $0 | $0 | $11.9M | $8.5M |
| Other, net | $2.6M | $2.6M | $3.3M | $2.7M |
| Net cash provided by (used in) investing activities attributable to continuing operations | $249.5M | $260.6M | ($371.2M) | ($374.4M) |
| Principal payments on the Term Loans | ($12.3M) | ($6.1M) | ($1.4B) | ($1.4B) |
| Net proceeds from the Term Loans refinancing | $0 | — | $991.5M | $991.5M |
| Proceeds from the issuance of the 2032 Notes | $0 | — | $400.0M | $400.0M |
| Debt issuance and deferred financing costs | $0 | — | ($12.9M) | ($9.9M) |
| Withholding taxes paid on behalf of employees on net settled stock-based awards | ($19.5M) | ($18.0M) | ($67.1M) | ($54.7M) |
| Purchases of treasury stock | ($133.3M) | ($123.6M) | ($300.0M) | ($200.0M) |
| Distributions from Angi Inc. pursuant to the tax sharing agreement | $8.5M | $6.5M | — | — |
| Other, net | ($2.3M) | $4.0K | ($372.0K) | $249.0K |
| Net cash used in financing activities attributable to continuing operations | ($158.8M) | ($141.2M) | ($419.1M) | ($298.7M) |
| Total cash provided by (used in) continuing operations | $146.3M | $129.5M | ($762.8M) | ($675.8M) |
| Net cash (used in) provided by operating activities attributable to discontinued operations | ($10.6M) | $5.4M | ($2.8M) | ($2.8M) |
| Net cash used in investing activities attributable to discontinued operations | ($48.0K) | ($60.0K) | ($12.5M) | ($12.5M) |
| Net cash used in financing activities attributable to discontinued operations | $0 | $0 | ($14.3M) | ($14.3M) |
| Total cash (used in) provided by discontinued operations | ($10.7M) | $5.4M | ($29.6M) | ($29.6M) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | ($1.8M) | ($1.4M) | $651.0K | $1.6M |
IAC/InterActiveCorp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.