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Information Services Group Inc. (III) stock

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NASDAQ: III Nasdaq Research & Consulting Services Next results ~February 1, 2027

C+ Fundamentals grade

Information Services Group Inc. is a US-listed company in the research & consulting services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$5.5

Cash-flow model

Base case. Range ~$3.9–$7.5 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 15% above our base value.

Price used: $6.28, November 2, 2026

Information Services Group Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 6 sales by directors and officers, last 12 monthsInsider trades
  • Funds75 adding, 57 cuttingOf 18 active managers that changed their stake, 8 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Information Services Group files

10-Q filed November 2: Information Services

Rating: Sell to Hold Model value +36.7%

Information Services Group grew revenue to $253m over the twelve months to September 2026, up 4.8% on the prior year and an acceleration from the 4.2% pace seen a quarter earlier. Profitability told a mixed story: operating margin widened to 8.9% from 5.3%, yet free-cash-flow margin slipped to 7.5% from 11.1%. The fundamentals grade edges up from C to C+. Our model value climbs to $5.48 a share from $4.01, still below the current $6.28 price. We move the rating from Sell to Hold. At that price, the market appears to be pricing in cash-flow growth of about 4.1% a year over five years, well ahead of the -1.9% a year revenue growth actually delivered.

Source: 10-Q filed November 2, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Information Services stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $250m, up 4.2% on a year earlier, faster than the 1.4% growth a quarter earlier. Free-cash-flow margin fell to 6.8% from 10.7% a year earlier. Operating margin widened to 8.2% from 5.2%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 5 of our 7 financial-health checks. Our cash-flow model value is $4.01 a share, against a share price of $6.06. At that price, our model says the market is pricing in about 8.3% a year of cash-flow growth for five years, faster than the -2.1% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 1, 2027 (estimated)

Information Services Group Inc.'s trailing-twelve-month revenue grew 4.8% year on year, with a free-cash-flow margin of 7.5%.

Our discounted-cash-flow model values the business at ~$5.5 per share in the base case (~$3.9–$7.5 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 28.9% while net income grew 22.8%: a 52pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 3.6 points on a year ago.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Weakest spot: stock pay as % of revenue. Stock pay as % of revenue of 3.1% ranks 21 of 30 research & consulting services companies we cover (median 2.6%).

Latest results: FY2026 Q3

Filed November 2, 2026
Earnings per share
$0.10 against an average estimate of $0.10: beat by 2.6%
Revenue
$65m, up 4.4% on a year earlier
Guidance given
revenues $63.5m to $64.5m (third quarter); adjusted EBITDA $8.5m to $9.5m (third quarter)
Next report
November 2, 2026; average EPS estimate $0.10

Information Services Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.0%
  • 1 week+3.1%
  • 1 month+10.2%
  • This year+12.1%
  • 1 year+18.5%
  • 5 years-8.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$253M
Operating margin
8.9%
Net margin
4.7%
EPS (TTM, diluted)
$0.24

Growth

Revenue growth
+4.8%
Change in growth rate
+0.7 pts
Share count change
−0.9%

Cash

Free cash flow (TTM)
$19M
FCF margin
7.5%
Stock pay % of revenue
3.1%

Earnings

Last results
November 2, 2026
Next results (est.)
February 1, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Information Services Group Inc. valuation models and calculator

What the price is pricing in

The share price implies about 4.1% a year of cash-flow growth for five years.That is faster than the -1.9% a year revenue growth Information Services Group has delivered.

  • Priced in4.1%
  • Last 12 months4.8%
  • 3 years a year-5.4%
  • 5 years a year-1.9%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($6.13, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$5.5
Price used
$6.13close November 3, 2026
Implied change
▼ 11%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Information Services Group Inc.'s free cash flow after stock-based pay with after-tax interest added back ($17.3M, FY2026 Q3 TTM), growing 3% and 2.4% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$3.9–~$7.5 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Information Services Group Inc.'s free cash flow after stock-based pay ( $17.3M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Information Services Group Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.92 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$5.5 ~$3.9–$7.5 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$5.2 ~$5.8–$9.0 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$2.2 ~$1.8–$2.9 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$2.4 ~$2.1–$2.8 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$4.2 ~$2.2–$5.5 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Information Services Group Inc. with Research & Consulting Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −27%
  • Revenue growth 5 points higher ▲ +35%
  • Free-cash-flow margin 1 point lower ▼ −12%
  • Last year's free-cash-flow margin change, if it persists ▼ −31%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $5$6$9$12$16$22
8.5% $3$5$7$9$12$16
10% $3$4$5$7$9$12

Valuation multiples over time Market data may be delayed

At fiscal year end 201720182019202020212022202320242025Now
Share price$3.43$3.49$2.08$2.70$6.35$3.93$4.17$3.12$5.60$6.28
Market value$148m$161m$99m$135m$329m$198m$209m$156m$282m$316m
+ Net debt (− = net cash)$88m$80m$69m$35m$27m$49m$57m$36m$31m$31m
Enterprise value$236m$241m$168m$170m$356m$247m$266m$192m$313m$346m
Multiples
Price / sales 0.5x0.6x0.4x0.5x1.2x0.7x0.7x0.6x1.2x1.2x
Price / earnings —28.3x29.7x49.0x21.2x10.1x34.0x54.9x30.2x26.3x
Price / free cash flow 17.8x10.6x5.4x3.2x8.3x25.7x23.7x9.2x11.3x16.6x
EV / EBITDA 10.8x11.8x8.4x11.0x11.6x7.1x12.7x16.5x14.0x12.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

49 /100

Moderate moat

How hard Information Services Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 18 / 20

    Cash operating profit has been a median 13.5% of total assets over 8 years.

  • Pricing power 14 / 20

    Gross margin has been a median 40.8%, moving by 1.9 percentage points (standard deviation) across 10 years.

  • Durability 2 / 20

    Operating margin has been a median 5.2%; its worst year was 0.8%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 10 of 10 years, at a median 7.4% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 3.8% over five years; stock-based pay has been a median 3.1% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (64 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.38 +15% $255m +4%
Next $0.44 +16% $264m +4%

Next year's EPS estimate has moved +2.3% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.7% on 90 days ago. In the last 30 days, 3 analysts raised Information Services Group Inc.'s forecast and 0 cut it.

Consensus EPS forecast Information Services Group Inc., last 90 days
$0.36 $0.38 $0.40 $0.42 $0.44 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.37 Current fiscal year, 60 days ago: $0.38 Current fiscal year, 30 days ago: $0.38 Current fiscal year, 7 days ago: $0.38 Current fiscal year, Now: $0.38 $0.38 Next fiscal year, 90 days ago: $0.43 Next fiscal year, 60 days ago: $0.44 Next fiscal year, 30 days ago: $0.44 Next fiscal year, 7 days ago: $0.44 Next fiscal year, Now: $0.44 $0.44

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.37$0.43
60 days ago $0.38$0.44
30 days ago $0.38$0.44
7 days ago $0.38$0.44
Now $0.38$0.44

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.10 $0.10 +2.6%
Jun 2026 $0.09 $0.10 +11.1%
Mar 2026 $0.07 $0.09 +20.0%
Dec 2025 $0.07 $0.08 +6.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • revenues third quarter $63.5m to $64.5m GAAP
    “Sets third-quarter guidance: revenues between $63.5 million and $64.5 million and adjusted EBITDA between $8.5 million and $9.5 million” source
  • adjusted EBITDA third quarter $8.5m to $9.5m Non-GAAP
    “Sets third-quarter guidance: revenues between $63.5 million and $64.5 million and adjusted EBITDA between $8.5 million and $9.5 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Information Services Group Inc.'s revenue by +3.0% next year and +2.4% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.5%, weight 62%) and the company's own record (+2.0%, weight 38%) . How the weights are set.

Analyst recommendations

2 analysts, Nov 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Nov 2026112
  2. Oct 2026112

Counts of recommendations published by analysts covering Information Services Group Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.8%
of tradable shares
Days to cover
3.44
at average volume
Short interest, 1 month
+41%
to October 15, 2026
Held by institutions
70%
of shares
Held by insiders
27.5%
of shares
Employees
1,500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +18.5%

$5.30 on October 31, 2025 to $6.28

ThenNowEffect
Revenue (last 12 months) $240m $250m +4.2%
Net margin 3.3% 4.7% +42.7%
P/E multiple 34.1x 27.0x −20.9%
Share count 51m 50m +0.8%

Biggest factor: net margin.

Last 3 years +66.1%

$3.78 on November 3, 2023 to $6.28

ThenNowEffect
Revenue (last 12 months) $296m $250m −15.5%
Net margin 5.3% 4.7% −11.7%
P/E multiple 12.1x 27.0x +123.5%
Share count 50m 50m −0.4%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
III+135%−38%+6%−25%+80%+12%
Industry peers (median)+34%−15%+13%+2%−15%−3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
III83%42%58%25%58%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
III−25%−44%−31%−38%−19%−37%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 70% from September 7, 2018 to March 12, 2020. Getting back needed a 230% gain, reached on May 13, 2021, 427 days after the low.

Price behaviour

52-week range
$3.69 – $6.28
From 52-week high
0.0%
vs 50-day average
+13.8%
vs 200-day average
+35.6%
Volatility (1 year)
41%
Beta vs S&P 500
0.73

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 6 down
typical move ±6.6%
After a week
5 up, 6 down
typical move ±9.9%
After a month
7 up, 4 down
typical move ±12.4%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +14.2% −0.4% +17.6% +17.1%
May 7, 2026 −2.4% +0.5% +2.7% +3.7%
March 5, 2026 −6.6% −1.9% −17.3% −17.6%
November 3, 2025 +7.3% −1.0% −5.6% +2.5%
August 6, 2025 −0.9% +0.7% +18.9% +24.6%
May 8, 2025 +17.5% +0.6% +21.5% +20.1%
March 6, 2025 +10.7% −1.2% +9.7% +27.4%
November 7, 2024 0.0% +1.2% −0.3% +11.2%
August 5, 2024 −2.8% −2.0% −3.4% −1.2%
May 9, 2024 −9.9% +0.7% −5.4% −5.1%
March 7, 2024 +0.7% +0.4% −6.5% −5.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Information Services Group Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Information Services Group Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Information Services Group Inc.
$240M $260M $280M $300M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $291.1M Revenue (TTM), FY24 Q1: $276.8M Revenue (TTM), FY24 Q2: $266.5M Revenue (TTM), FY24 Q3: $256M Revenue (TTM), FY24 Q4: $247.6M Revenue (TTM), FY25 Q1: $242.9M Revenue (TTM), FY25 Q2: $240.2M Revenue (TTM), FY25 Q3: $241.3M Revenue (TTM), FY25 Q4: $244.7M Revenue (TTM), FY26 Q1: $246.3M Revenue (TTM), FY26 Q2: $250.2M Revenue (TTM), FY26 Q3: $253M $253M

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $291.1M
FY24 Q1 $276.8M
FY24 Q2 $266.5M
FY24 Q3 $256M
FY24 Q4 $247.6M
FY25 Q1 $242.9M
FY25 Q2 $240.2M
FY25 Q3 $241.3M
FY25 Q4 $244.7M
FY26 Q1 $246.3M
FY26 Q2 $250.2M
FY26 Q3 $253M
Revenue growth, TTM YoY Information Services Group Inc.
-15% -10% -5% 0% 5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 1.7% Revenue growth, TTM YoY, FY24 Q1: -5.3% Revenue growth, TTM YoY, FY24 Q2: -10.0% Revenue growth, TTM YoY, FY24 Q3: -14.4% Revenue growth, TTM YoY, FY24 Q4: -14.9% Revenue growth, TTM YoY, FY25 Q1: -12.3% Revenue growth, TTM YoY, FY25 Q2: -9.9% Revenue growth, TTM YoY, FY25 Q3: -5.7% Revenue growth, TTM YoY, FY25 Q4: -1.2% Revenue growth, TTM YoY, FY26 Q1: 1.4% Revenue growth, TTM YoY, FY26 Q2: 4.2% Revenue growth, TTM YoY, FY26 Q3: 4.8% 4.8%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 1.7%
FY24 Q1 -5.3%
FY24 Q2 -10.0%
FY24 Q3 -14.4%
FY24 Q4 -14.9%
FY25 Q1 -12.3%
FY25 Q2 -9.9%
FY25 Q3 -5.7%
FY25 Q4 -1.2%
FY26 Q1 1.4%
FY26 Q2 4.2%
FY26 Q3 4.8%
Operating margin (TTM) Information Services Group Inc.
0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 5.0% Operating margin (TTM), FY24 Q1: 1.9% Operating margin (TTM), FY24 Q2: 1.5% Operating margin (TTM), FY24 Q3: 0.8% Operating margin (TTM), FY24 Q4: 2.3% Operating margin (TTM), FY25 Q1: 4.7% Operating margin (TTM), FY25 Q2: 5.2% Operating margin (TTM), FY25 Q3: 5.3% Operating margin (TTM), FY25 Q4: 7.3% Operating margin (TTM), FY26 Q1: 7.9% Operating margin (TTM), FY26 Q2: 8.2% Operating margin (TTM), FY26 Q3: 8.9% 8.9%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 5.0%
FY24 Q1 1.9%
FY24 Q2 1.5%
FY24 Q3 0.8%
FY24 Q4 2.3%
FY25 Q1 4.7%
FY25 Q2 5.2%
FY25 Q3 5.3%
FY25 Q4 7.3%
FY26 Q1 7.9%
FY26 Q2 8.2%
FY26 Q3 8.9%
FCF margin (TTM) Information Services Group Inc.
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 3.0% FCF margin (TTM), FY24 Q1: 5.1% FCF margin (TTM), FY24 Q2: 4.9% FCF margin (TTM), FY24 Q3: 7.4% FCF margin (TTM), FY24 Q4: 6.9% FCF margin (TTM), FY25 Q1: 6.5% FCF margin (TTM), FY25 Q2: 10.7% FCF margin (TTM), FY25 Q3: 11.1% FCF margin (TTM), FY25 Q4: 10.2% FCF margin (TTM), FY26 Q1: 9.5% FCF margin (TTM), FY26 Q2: 6.8% FCF margin (TTM), FY26 Q3: 7.5% 7.5%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 3.0%
FY24 Q1 5.1%
FY24 Q2 4.9%
FY24 Q3 7.4%
FY24 Q4 6.9%
FY25 Q1 6.5%
FY25 Q2 10.7%
FY25 Q3 11.1%
FY25 Q4 10.2%
FY26 Q1 9.5%
FY26 Q2 6.8%
FY26 Q3 7.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Information Services Group took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $245M
  2. Cost of revenue $139M · 56.9%
  3. Gross profit $105M · 43.1%
  4. Selling, general and admin $83.1M · 33.9%
  5. Other operating costs $4.5M · 1.9%
  6. Operating income $17.8M · 7.3%
  7. Income tax $5.2M · 2.1%
  8. Interest and other $3.3M · 1.3%
  9. Net income $9.3M · 3.8%

Shares of revenue. Source: Information Services Group's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 132 184 193 270 276 266 249 278 286 291 248 245 253
Gross profit — — — — 116 113 99 109 117 112 97 105 114
EBITDA −42 −50 15 22 20 20 15 31 35 21 12 22 27
Operating income −52 −61 7 9 13 13 9 25 29 15 6 18 22
Net income −53 −56 1 −2 6 3 3 16 20 6 3 9 12
Diluted EPS −$1.66 −$1.54 $0.02 −$0.05 $0.12 $0.07 $0.06 $0.30 $0.39 $0.12 $0.06 $0.19 $0.24
Growth (year on year)
Revenue — +39.7% +4.5% +39.9% +2.3% −3.6% −6.3% +11.5% +3.0% +1.7% −14.9% −1.2% +4.8%
EBITDA — — — +42.0% −6.5% −1.9% −22.9% +97.9% +13.9% −40.1% −44.2% +91.8% +53.7%
Operating income — — — +39.8% +38.4% +5.4% −30.6% +172.6% +16.7% −50.4% −60.6% +209.1% +75.1%
Net income — — — — — −41.1% — — +27.0% −68.8% −53.9% — +22.8%
Diluted EPS — — — — — −41.7% — — +30.0% −69.2% −50.0% — +23.9%
Margins
Gross margin — — — — 42.0% 42.4% 39.8% 39.4% 40.7% 38.5% 39.3% 43.1% 45.2%
EBITDA margin −31.7% −27.0% 8.0% 8.1% 7.4% 7.6% 6.2% 11.0% 12.2% 7.2% 4.7% 9.1% 10.6%
Operating margin −39.2% −33.0% 3.4% 3.4% 4.6% 5.0% 3.7% 9.1% 10.3% 5.0% 2.3% 7.3% 8.9%
Net margin −40.3% −30.3% 0.3% −0.8% 2.1% 1.3% 1.1% 5.6% 6.9% 2.1% 1.1% 3.8% 4.7%
Free-cash-flow margin 3.6% −0.4% 4.6% 3.1% 5.5% 7.0% 17.2% 14.3% 2.7% 3.0% 6.9% 10.2% 7.5%
Cash flow
Cash from operations 6 1 11 11 19 20 44 42 11 12 20 29 22
Capital spending 1 2 2 3 4 2 1 2 3 3 3 4 3
Free cash flow 5 −1 9 8 15 19 43 40 8 9 17 25 19
Stock-based pay 3 3 3 7 10 10 9 6 7 9 8 8 8
Free cash flow after stock pay 2 −4 6 1 5 9 34 33 0 −0 9 17 11
Balance sheet
Cash 40 24 23 28 19 18 44 48 31 23 23 29 29
Total debt 70 70 63 117 99 87 79 75 79 79 59 59 59
Net debt (negative = net cash) 30 46 40 88 80 69 35 27 49 57 36 31 31
Diluted shares 32m 36m 38m 43m 46m 48m 50m 52m 50m 50m 50m 50m 50m
Returned to shareholders
Dividends — — — — — — — 4 7 9 9 9 9
Buybacks — 1 2 3 3 3 5 16 12 3 6 9 7
Total returned — 1 2 3 3 3 5 21 20 12 15 18 16

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · September 30, 2026
What it owns · $208m
Short-term assets $95mLonger-term assets $113m
What it owes, and who funded it · $208m
Short-term liabilities $34mLonger-term liabilities $79mShareholders' equity $95m
  • Short-term assets cover short-term liabilities $95m of assets due within a year against $34m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $95m short-term assets against $79m of longer-dated liabilities.
  • More cash than debt $29m of cash against $59m of debt.
  • Debt below 40% of shareholders' equity Debt is 63% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 70% to 63% over five years.
  • A year's operating cash flow covers at least 20% of debt $22m of operating cash flow against $59m of debt.
  • Operating profit covers interest at least five times over Operating income of $22m against $4m of interest.

From Information Services Group Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$7.1M
Dividends (TTM)
$9.2M
Returned to shareholders
86%
of free cash flow
Buybacks, last 3 fiscal years
$18.3M
Diluted share count
−0.9%
year over year
Total shareholder yield
5.4%
dividends 3.1% + buybacks 2.4% of market value
Dividend payout ratio
77%
of net income paid out
Sales & admin spending
34.6%
of revenue

Competitors: side by side with peers

Closest by revenue in research & consulting services
Last 12 months unless stated III FC FORR BWMN EXPO RMR Median
Revenue, last 12 months $253m $263m $381m $528m $632m $639m $632m
Revenue growth, last 12 months 4.8% −6.1% −7.5% 14.2% 12.8% −15.2% 4.8%
Revenue growth, 3-year average −5.4% −2.3% −9.5% 19.9% 5.7% −13.3% 6.8%
Revenue growth, latest quarter 4.4% 1.0% −10.2% 19.7% 20.9% −0.8% 4.4%
Gross margin 45.2% 75.2% 57.0% 53.4% — — 43.9%
Operating margin 8.9% 2.4% −12.5% 3.4% 20.2% 6.4% 6.1%
Operating margin, 3-year average 5.0% 5.7% −10.4% 1.6% 20.9% 5.8% 6.0%
Net margin 4.7% 0.8% −11.2% 1.4% 17.7% 3.1% 3.1%
Cash from operations / revenue 8.6% 10.4% 6.0% 4.4% 18.7% 15.4% 9.6%
Free-cash-flow margin 7.5% 7.3% 0.8% 2.4% 17.2% 14.5% 7.4%
Free-cash-flow margin, 3-year average 8.6% 12.0% 1.7% 4.4% 21.8% 9.2% 8.6%
Stock pay / revenue 3.1% 2.2% 3.0% 3.6% 3.0% 2.6% 2.5%
Change in share count −0.9% −8.8% 0.7% −0.3% −2.7% −11.7% 0.5%

Median of all 33 companies we cover in research & consulting services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

33 research & consulting services companies
Measure Company Peer median Rank
Revenue growth Growth 4.8% 4.8% 17 of 33
Change in growth rate Growth +0.7pp +0.6pp 14 of 33
Gross margin Profitability 45.2% 45.2% 13 of 25
Operating margin Profitability 8.9% 6.1% 10 of 31
Net margin Profitability 4.7% 3.1% 16 of 33
Free-cash-flow margin Cash generation 7.5% 7.4% 16 of 33
Stock pay as % of revenue Cash generation 3.1% 2.6% 21 of 30
Long-term debt as % of assets Balance sheet 28.5% 22.7% 14 of 21
Change in share count Balance sheet -0.9% 0.6% 13 of 30

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue YoY
Americas $161M ▲ 1.3%
Europe $65.5M ▼ 3.3%
Germany $25.9M ▼ 12.8%
Asia Pacific $18.3M ▼ 12.8%
Australia $15.4M ▼ 14.9%
United Kingdom $14.7M ▼ 13.0%

These categories overlap or exclude eliminations, so shares aren't shown.

From Information Services Group Inc.'s 10-K filed March 6, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$133M
Institutions reporting
137
Shares held vs prior quarter
▲ 1.9%
Positions opened / closed
18 / 21

Top buyers and sellers, Q2 2026: 75 institutions bought and 57 sold ; the biggest buyer was Essex Investment Management Co LLC (+425K shares) and the biggest seller LSV Asset Management (−342K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Private Capital Management, LLC $20M 4.9M 15.0% ▲ 4.3%
Cerity Partners LLC $19.1M 4.6M 14.3% ▼ 0.1%
Blackrock, Inc. $12.8M 3.1M 9.6% ▲ 11.9%
Renaissance Technologies LLC $7.7M 1.9M 5.8% ▼ 1.4%
Vanguard Capital Management LLC $6.8M 1.6M 5.1% ▼ 8.2%
Dimensional Fund Advisors LP $6.6M 1.6M 4.9% ▲ 3.8%
Hillsdale Investment Management Inc. $4M 984K 3.0% ▲ 16.5%
Geode Capital Management, LLC $3.9M 947K 2.9% ▲ 5.9%
Crawford Investment Counsel Inc $3.7M 904K 2.8% ▼ 1.6%
Crestwood Advisors Group, LLC $3.4M 819K 2.5% 0.0%
Essex Investment Management Co LLC $3.3M 808K 2.5% ▲ 110.8%
State Street Corp $3.1M 754K 2.3% ▼ 1.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Information Services Group Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $5.3M 6 trades by 2 insiders · 0% under pre-set plans
Net ▼ $5.3M net selling
Insider Date Trade Shares Price Value
Chevrillon & Associes 10% owner December 15, 2025 Sell 200,000 $5.95 $1.2M
Chevrillon & Associes 10% owner December 11, 2025 Sell 250,000 $6.06 $1.5M
Connors Michael P CHAIRMAN & CEO November 12, 2025 Sell 66,196 $5.26 $348,191
Connors Michael P CHAIRMAN & CEO November 11, 2025 Sell 100,096 $5.21 $521,500
Connors Michael P CHAIRMAN & CEO November 10, 2025 Sell 78,476 $5.22 $409,645
Connors Michael P CHAIRMAN & CEO November 7, 2025 Sell 248,935 $5.47 $1.4M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 1, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • August 5, 2026
  • May 7, 2026
  • March 5, 2026
  • November 3, 2025
  • August 6, 2025

Recent SEC filings

Data status

When each part of this page on Information Services Group Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Information Services Group Inc. in brief

What does Information Services Group Inc. do?
Information Services Group Inc. is a US-listed company in the research & consulting services industry. Its financial year ends in December.
What is Information Services Group Inc.'s stock ticker?
Information Services Group Inc. trades under the ticker III on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Information Services Group Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Information Services Group Inc. reported revenue of $253M, 4.8% higher than a year earlier, according to its SEC filings.
What is Information Services Group Inc.'s free cash flow?
Information Services Group Inc.'s free-cash-flow margin is 7.5% of revenue over the trailing twelve months, ranking 16 of the 33 research & consulting services companies we cover.
What is Information Services Group Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Information Services Group Inc.'s free cash flow after stock-based pay gives ~$5.5 per share in the base case, and ~$3.9–$7.5 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Information Services Group Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Private Capital Management, LLC, Cerity Partners LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Information Services Group Inc. buying back stock, and does it pay a dividend?
Information Services Group Inc. spent $7.1M on share repurchases over the trailing twelve months, and its diluted share count fell 0.9% over the year.
What is Information Services Group Inc.'s market cap?
On November 2, 2026, Information Services Group Inc.'s market capitalisation was about $316M, with a price-to-earnings ratio of 26.3 and net debt of $30.7M. Market figures come from third-party market data and may be delayed.
Does Information Services Group Inc. pay a dividend?
Yes: Information Services Group Inc. paid $9.2M in dividends over the trailing twelve months, a dividend yield of 3.06% and a payout ratio of 76.6%.
How much debt does Information Services Group Inc. have?
Information Services Group Inc.'s debt-to-equity ratio is 62.6%, from its latest balance sheet (70.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Information Services Group Inc.'s competitors?
In our Research & Consulting Services peer group, the companies closest to Information Services Group Inc. are Franklin Covey Co, Forrester Research, Inc., Bowman Consulting Group Ltd., Exponent Inc and RMR Group Inc. The side-by-side comparison below sets their revenue, margins and growth against Information Services Group Inc.'s.
Are insiders buying or selling Information Services Group Inc. stock?
Over the last 12 months, Information Services Group Inc.'s directors and officers reported 0 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is Information Services Group Inc.'s next earnings date?
Around February 1, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Information Services Group Inc. announces its own schedule.