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Intelligent Group Ltd (INTJ) stock

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NASDAQ: INTJ Nasdaq Research & Consulting Services

E Fundamentals grade

Intelligent Group Ltd is a US-listed company in the research & consulting services industry. Its financial year ends in November.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$2.1

Revenue-to-maturity cash-flow model

Base case. Range ~$2.1–$1.5 across our lower- and higher-growth cases (0%–5% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Intelligent Group Ltd valuation: adjust assumptions and compare models →

Value diary

Our note on each quarter Intelligent Group files

Where Intelligent stands after its latest Filing

Intelligent has little or no product revenue yet. That puts it 28 of 33 for growth among the research & consulting services companies we cover. The diluted share count is up 56.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 2 of our 2 financial-health checks. Our revenue-to-maturity cash-flow model value is $2.11 a share, against a share price of $3.12.

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

Intelligent Group Ltd's trailing-twelve-month revenue fell 8.8% year on year, with a free-cash-flow margin of -5.5%. Where it lags: stock pay as % of revenue of 101.2% ranks 30 of 30 research & consulting services companies we cover.

Current signal Operating margin compressing: TTM operating margin fell to -108.2%, down 95.7pp year over year.

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

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 8.8% over the last 12 months.
  • Growth slowing. The growth rate is 7.8 points lower than a quarter earlier.
  • Loss-making. Operating margin is -108.2%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 95.7 points on a year ago.
  • Burning cash. Free cash flow was -5.5% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 101.2% of revenue, against a median of 2.6% for research & consulting services companies we cover: a real cost that cash-flow figures leave out.

Price chart

  • 1 day-0.6%
  • 1 week+8.8%

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)
$2.4M
Operating margin
-108.2%
Net margin
-98.3%
EPS (TTM, diluted)
$-2.28

Growth

Revenue growth
−8.8%
Change in growth rate
−7.8 pts
Share count change
+56.0%

Cash

Free cash flow (TTM)
-$130,604
FCF margin
-5.5%
Stock pay % of revenue
101.2%

News & updates

Updated November 2, 2026

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

No recent updates are available for INTJ from the sources we follow. See filings →

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

Intelligent Group Ltd valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Intelligent Group Ltd as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.89 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$2.1 ~$1.5–$2.1 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$18 ~$14–$26 Left out: out of range vs price (5.95x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$20 ~$17–$25 Left out: out of range vs price (6.60x)
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.8 ~$1.7–$7.0 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) 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. ~$1.9 ~$0.8–$2.1 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Intelligent Group Ltd 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.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

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

No analyst estimates are published for Intelligent Group Ltd: too few analysts cover it.

Positioning

Short interest
1.2%
of tradable shares
Days to cover
0.94
at average volume
Short interest, 1 month
+12%
to October 15, 2026
Held by institutions
1%
of shares
Held by insiders
24.4%
of shares
Employees
22
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

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

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.

Intelligent Group Ltd in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

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) Intelligent Group Ltd
$1.5M $2M $2.5M $3M FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY21 Q4: $2.9M Revenue (TTM), FY22 Q4: $1.8M Revenue (TTM), FY23 Q4: $2.6M Revenue (TTM), FY24 Q4: $2.6M Revenue (TTM), FY25 Q4: $2.4M $2.4M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY21 Q4 $2.9M
FY22 Q4 $1.8M
FY23 Q4 $2.6M
FY24 Q4 $2.6M
FY25 Q4 $2.4M
Revenue growth, TTM YoY Intelligent Group Ltd
-50% 0% 50% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY22 Q4: -36.9% Revenue growth, TTM YoY, FY23 Q4: 43.4% Revenue growth, TTM YoY, FY24 Q4: -1.0% Revenue growth, TTM YoY, FY25 Q4: -8.8% -8.8%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY22 Q4 -36.9%
FY23 Q4 43.4%
FY24 Q4 -1.0%
FY25 Q4 -8.8%
Operating margin (TTM) Intelligent Group Ltd
-150% -100% -50% 0% 50% 100% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY21 Q4: 59.8% Operating margin (TTM), FY22 Q4: 26.6% Operating margin (TTM), FY23 Q4: 20.1% Operating margin (TTM), FY24 Q4: -12.5% Operating margin (TTM), FY25 Q4: -108.2% -108.2%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY21 Q4 59.8%
FY22 Q4 26.6%
FY23 Q4 20.1%
FY24 Q4 -12.5%
FY25 Q4 -108.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

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

Fiscal year 2021 Nov 2021 2022 Nov 2022 2023 Nov 2023 2024 Nov 2024 2025 Nov 2025
Income
Revenue 2,902 1,830 2,624 2,599 2,371
Gross profit 2,671 1,512 2,049 1,578 1,513
EBITDA 1,789 539 550 −323 −2,563
Operating income 1,736 486 528 −324 −2,565
Net income 1,503 444 520 −55 −2,332
Diluted EPS $2.68 $0.79 $0.92 −$0.08 −$2.28
Growth (year on year)
Revenue — −36.9% +43.4% −1.0% −8.8%
EBITDA — −69.9% +2.1% −158.7% —
Operating income — −72.0% +8.6% −161.3% —
Net income — −70.5% +17.0% −110.5% —
Diluted EPS — −70.4% +16.7% −109.0% —
Margins
Gross margin 92.0% 82.6% 78.1% 60.7% 63.8%
EBITDA margin 61.6% 29.4% 21.0% −12.4% −108.1%
Operating margin 59.8% 26.6% 20.1% −12.5% −108.2%
Net margin 51.8% 24.3% 19.8% −2.1% −98.3%
Free-cash-flow margin — 49.2% 13.1% — −5.5%
Cash flow
Cash from operations 1,312 902 349 −160 −23
Capital spending — 2 4 — 108
Free cash flow — 901 345 — −131
Stock-based pay — — — — 2,400
Free cash flow after stock pay — — — — −2,530
Balance sheet
Cash 1,669 1,983 3,239 8,166 8,667
Total debt 0 437 378 320 258
Net debt (negative = net cash) −1,669 −1,547 −2,861 −7,846 −8,409
Diluted shares — — — — 1m
Returned to shareholders
Dividends — 294 — — —
Total returned — 294 — — —

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

2 of 2 checks passed · November 30, 2025
What it owns · $12m
Short-term assets $12mLonger-term assets $0m
What it owes, and who funded it · $12m
Short-term liabilities $0mLonger-term liabilities $0mShareholders' equity $12m
  • Short-term assets cover short-term liabilities $12m of assets due within a year against $441,519 of liabilities due within a year.
  • Short-term assets cover long-term liabilities $12m short-term assets against $214,845 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Intelligent Group Ltd'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

Diluted share count
+56.0%
year over year
Days sales outstanding
47 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in research & consulting services
Last 12 months unless stated INTJ ZTG EGG ROMA ACCL LAWR Median
Revenue, last 12 months $2m $3m $4m $1m $5m $8m $632m
Revenue growth, last 12 months −8.8% 55.8% 12.2% −22.3% 5.8% 62.5% 4.8%
Gross margin 63.8% — 68.8% 17.1% 42.7% 49.1% 43.9%
Operating margin −108.2% — 12.1% −315.0% 4.5% −120.4% 6.1%
Net margin −98.3% 31.7% 12.6% −287.8% 5.6% −121.2% 3.1%
Cash from operations / revenue −1.0% −115.8% −38.5% −208.9% 11.1% −101.1% 9.6%
Free-cash-flow margin −5.5% −115.8% −44.1% −209.0% 10.6% −101.1% 7.4%
Stock pay / revenue 101.2% — — 74.5% — 1.3% 2.5%
Change in share count 56.0% 0.4% 3.5% 278.5% 8.1% 6.3% 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 -8.8% 4.8% 28 of 33
Change in growth rate Growth -7.8pp +0.6pp 26 of 33
Gross margin Profitability 63.8% 45.2% 8 of 25
Operating margin Profitability -108.2% 6.1% 29 of 31
Net margin Profitability -98.3% 3.1% 30 of 33
Free-cash-flow margin Cash generation -5.5% 7.4% 28 of 33
Stock pay as % of revenue Cash generation 101.2% 2.6% 30 of 30
Change in share count Balance sheet 56.0% 0.6% 27 of 30
Days sales outstanding Balance sheet 47 days 63 days 9 of 29

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

Who owns it

13F filings for June 30, 2026
Reported value
$49,950
Institutions reporting
3
Shares held vs prior quarter
▲ 6707.8%
Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Susquehanna International Group, LLP $47,961 11K 96.0% New
UBS Group AG $1,768 0K 3.5% ▲ 506.1%
Morgan Stanley $221 0K 0.4% 0.0%

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 Intelligent Group Ltd's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

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

Data status

When each part of this page on Intelligent Group Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
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.

Intelligent Group Ltd in brief

What does Intelligent Group Ltd do?
Intelligent Group Ltd is a US-listed company in the research & consulting services industry. Its financial year ends in November.
What is Intelligent Group Ltd's stock ticker?
Intelligent Group Ltd trades under the ticker INTJ on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Intelligent Group Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Intelligent Group Ltd reported revenue of $2.4M, 8.8% lower than a year earlier, according to its SEC filings.
What is Intelligent Group Ltd's free cash flow?
Intelligent Group Ltd's free-cash-flow margin is -5.5% of revenue over the trailing twelve months, ranking 28 of the 33 research & consulting services companies we cover.
Who are Intelligent Group Ltd's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Susquehanna International Group, LLP, UBS Group AG and Morgan Stanley. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Who are Intelligent Group Ltd's competitors?
In our Research & Consulting Services peer group, the companies closest to Intelligent Group Ltd are Zenta Group Co Ltd, Enigmatig LTD, Roma Green Finance Ltd, Acco Group Holdings Ltd and Robot Consulting Co., Ltd. The side-by-side comparison below sets their revenue, margins and growth against Intelligent Group Ltd's.