• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    ICON Reports Third Quarter 2025 Results

    10/22/25 4:25:00 PM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care
    Get the next $ICLR alert in real time by email

    Highlights

    • Quarter three revenue was $2,042.8 million representing an increase of 1.3% on quarter two 2025.
    • Net income for the quarter was $2.4 million or $0.03 per diluted share.
    • Quarter three adjusted EBITDA was $396.7 million or 19.4% of revenue, representing an increase of 0.2% on quarter two 2025.
    • Quarter three adjusted net income was $258.8 million or $3.31 per diluted ordinary share.
    • Gross business wins in the quarter of $2,986 million, representing an increase of 0.7% on quarter two 2025.
    • Net business wins in the quarter of $2,086 million, representing an increase of 1.4% on quarter two 2025; a net book to bill in the quarter of 1.02.
    • Net debt was $2.9 billion at September 30, 2025 with a net debt to adjusted EBITDA ratio of 1.8x.
    • Free cash flow was $333.9 million in the quarter and $687.2 million year to date.
    • $250.0 million worth of stock repurchased in quarter three at an average price of $175 per share.
    • Amending full-year 2025 financial revenue guidance to a range of $8,050 - $8,100 million, an increase of $75 million at the midpoint from the prior full-year guidance range. Updating full-year 2025 adjusted diluted earnings per share* guidance to a range of $13.00 - $13.20. Adjusted diluted earnings per share excludes amortization, stock compensation, restructuring, foreign exchange, transaction-related / integration-related adjustments, goodwill impairment and their related taxation effect.

    ICON plc (NASDAQ:ICLR), a world-leading clinical research organization, today reported its financial results for the third quarter ended September 30, 2025.

    CEO, Mr. Barry Balfe commented, "ICON's results in quarter three were reflective of broad market conditions, as we continued to partner with customers to navigate an uncertain environment. We are pleased with solid gross business wins and revenue in the quarter, resulting in a net book to bill ratio of 1.02 times. While we are encouraged by increased opportunity flow in the quarter, this is tempered by ongoing challenges in the sector including delayed decision making, elevated cancellations and uncertainty in the macro environment. We are amending our full-year financial guidance to reflect these dynamics, in addition to the impact of higher pass-through revenues.''

    Third Quarter 2025 Results

    Gross business wins in the third quarter were $2,986 million and cancellations were $901 million. This resulted in net business wins of $2,086 million and a book to bill of 1.02.

    Revenue for the third quarter was $2,042.8 million. This represents an increase of 0.6% on quarter three 2024 or a 1.0% decrease on a constant currency basis.

    Following a quantitative assessment of goodwill performed as part of the annual impairment assessment at September 30, 2025, a non-cash goodwill impairment charge of $165.3 million was recorded in respect of the Data Solutions Reporting Unit.

    GAAP net income was $2.4 million, resulting in $0.03 diluted earnings per share in quarter three 2025 compared to $2.36 diluted earnings per share in quarter three 2024. Adjusted net income for the quarter was $258.8 million, resulting in an adjusted diluted earnings per share of $3.31 compared to $3.35 per share for the third quarter 2024.

    Adjusted EBITDA for the third quarter was $396.7 million or 19.4% of revenue, a decrease of 5.3% on quarter three 2024.

    The effective tax rate on adjusted net income in quarter three 2025 was 16.5%.

    Cash generated from operating activities for the quarter was $387.6 million. During the quarter $53.7 million was spent on capital expenditure. $250.0 million worth of stock was repurchased at an average price of $175 per share. Additionally, $7.4 million of Term Loan B payments were made during the quarter. At September 30, 2025, the Group had cash and cash equivalents of $468.9 million, compared to cash and cash equivalents of $390.4 million at June 30, 2025 and $695.5 million at September 30, 2024. Net indebtedness as at September 30, 2025 was $2.9 billion.

    Year to date 2025 Results

    Gross business wins year to date were $8,633 million and cancellations were $2,469 million. This resulted in net business wins of $6,164 million and a book to bill of 1.02.

    Revenue year to date was $6,061.5 million. This represents a year on year decrease of 2.9% or 3.3% on a constant currency basis.

    Following a quantitative assessment of goodwill performed as part of the annual impairment assessment at September 30, 2025, a non-cash goodwill impairment charge of $165.3 million was recorded in respect of the Data Solutions Reporting Unit.

    GAAP net income year to date was $339.5 million, resulting in $4.27 diluted earnings per share. Year to date adjusted net income was $776.6 million, resulting in an adjusted diluted earnings per share of $9.77 compared to $10.57 per share for the equivalent prior year period.

    Adjusted EBITDA year to date was $1,183.4 million or 19.5% of revenue, a year on year decrease of 9.9%.

    The effective tax rate on adjusted net income year to date was 16.5%.

    Cash generated from operating activities year to date was $802.0 million. Year to date $114.9 million was spent on capital expenditure, $750.0 million worth of stock was repurchased at an average price of $167 per share and $22.3 million of Term Loan B payments were made.

    Other Information

    In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this press release contains certain non-GAAP financial measures, including adjusted EBITDA, adjusted net income and adjusted diluted earnings per share. Adjusted EBITDA, adjusted net income and adjusted diluted earnings per share exclude amortization, stock compensation, foreign exchange gains and losses, restructuring, transaction-related / integration-related adjustments, goodwill impairment and their related taxation effect. Free cash flow reflects cash generated from operating activities less capital expenditure. While non-GAAP financial measures are not superior to or a substitute for the comparable GAAP measures, ICON believes certain non-GAAP information is useful to investors for historical comparison purposes.

    ICON will hold a conference call on October 23, 2025 at 08:00 EDT [13:00 Ireland & UK]. This call and linked slide presentation can be accessed live from our website at http://investor.iconplc.com. A recording will also be available on the website for 90 days following the call. In addition, a calendar of company events, including upcoming conference presentations, is available on our website, under "Investors". This calendar will be updated regularly.

    This press release contains forward-looking statements, including statements about our financial guidance. These statements are based on management's current expectations and information currently available, including current economic and industry conditions. These statements are not guarantees of future performance or actual results, and actual results, developments and business decisions may differ from those stated in this press release. The forward-looking statements are subject to future events, risks, uncertainties and other factors that could cause actual results to differ materially from those projected in the statements, including, but not limited to, the ability to enter into new contracts, maintain client relationships, manage the opening of new offices and offering of new services, the integration of new business mergers and acquisitions, as well as other economic and global market conditions and other risks and uncertainties detailed from time to time in SEC reports filed by ICON, all of which are difficult to predict and some of which are beyond our control. For these reasons, you should not place undue reliance on these forward-looking statements when making investment decisions. The word "expected" and variations of such words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are only as of the date they are made and we do not undertake any obligation to update publicly any forward-looking statement, either as a result of new information, future events or otherwise. More information about the risks and uncertainties relating to these forward-looking statements may be found in SEC reports filed by ICON, including its Form 20-F, F-1, F-4, S-8, F-3 and certain other reports, which are available on the SEC's website at http://www.sec.gov.

    * Our full-year 2025 guidance adjusted diluted earnings per share measures are provided on a non-GAAP basis because the company is unable to predict with a reasonable degree of certainty certain items contained in the GAAP measures without unreasonable efforts. For the same reasons, the company is unable to address the probable significance of the unavailable information.

    ICON plc is a world-leading clinical research organization. From molecule to medicine, we advance clinical research providing outsourced services to pharmaceutical, biotechnology, medical device and government and public health organizations. We develop new innovations, drive emerging therapies forward and improve patient lives. With headquarters in Dublin, Ireland, ICON employed approximately 39,800 employees in 95 locations in 55 countries as at September 30, 2025. For further information about ICON, visit: www.iconplc.com.

    ICON/ICLR-F

    ICON plc

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND SEPTEMBER 30, 2024

    (UNAUDITED)

     

     

    Three Months Ended

     

    Nine Months Ended

     

    September 30,

    2025

     

    September 30,

    2024

     

    September 30,

    2025

     

    September 30,

    2024

     

    (in thousands, except share and per share data)

     

     

     

     

     

     

     

     

    Revenue

    $

    2,042,812

     

     

    $

    2,030,030

     

     

    $

    6,061,501

     

     

    $

    6,240,575

     

     

     

     

     

     

     

     

     

    Costs and expenses:

     

     

     

     

     

     

     

    Direct costs

     

    1,488,364

     

     

     

    1,438,616

     

     

     

    4,386,801

     

     

     

    4,403,583

     

    Selling, general and administrative

     

    197,049

     

     

     

    205,095

     

     

     

    600,439

     

     

     

    576,903

     

    Depreciation and amortization

     

    98,495

     

     

     

    93,029

     

     

     

    292,171

     

     

     

    391,845

     

    Transaction and integration related

     

    7,020

     

     

     

    7,856

     

     

     

    19,141

     

     

     

    21,667

     

    Restructuring

     

    —

     

     

     

    —

     

     

     

    82,296

     

     

     

    45,789

     

    Goodwill impairment

     

    165,300

     

     

     

    —

     

     

     

    165,300

     

     

     

    —

     

    Total costs and expenses

     

    1,956,228

     

     

     

    1,744,596

     

     

     

    5,546,148

     

     

     

    5,439,787

     

     

     

     

     

     

     

     

     

    Income from operations

     

    86,584

     

     

     

    285,434

     

     

     

    515,353

     

     

     

    800,788

     

    Interest income

     

    1,761

     

     

     

    2,434

     

     

     

    5,617

     

     

     

    5,601

     

    Interest expense

     

    (50,243

    )

     

     

    (53,303

    )

     

     

    (148,003

    )

     

     

    (185,808

    )

     

     

     

     

     

     

     

     

    Income before income tax expense

     

    38,102

     

     

     

    234,565

     

     

     

    372,967

     

     

     

    620,581

     

    Income tax expense

     

    (35,747

    )

     

     

    (37,437

    )

     

     

    (33,489

    )

     

     

    (89,105

    )

    Net income

    $

    2,355

     

     

    $

    197,128

     

     

    $

    339,478

     

     

    $

    531,476

     

     

     

     

     

     

     

     

     

    Net income per Ordinary Share:

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Basic

    $

    0.03

     

     

    $

    2.38

     

     

    $

    4.29

     

     

    $

    6.43

     

    Diluted

    $

    0.03

     

     

    $

    2.36

     

     

    $

    4.27

     

     

    $

    6.38

     

     

     

     

     

     

     

     

     

    Weighted average number of Ordinary Shares outstanding:

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Basic

     

    77,373,534

     

     

     

    82,831,300

     

     

     

    79,057,239

     

     

     

    82,716,842

     

    Diluted

     

    78,082,459

     

     

     

    83,445,827

     

     

     

    79,518,086

     

     

     

    83,305,441

     

    ICON plc

    CONDENSED CONSOLIDATED BALANCE SHEETS

    AS AT SEPTEMBER 30, 2025 AND DECEMBER 31, 2024

    (UNAUDITED)

     

     

    September 30,

    2025

     

    December 31,

    2024

    ASSETS

    (in thousands)

    Current assets:

     

     

     

    Cash and cash equivalents

    $

    468,888

     

     

    $

    538,785

     

    Accounts receivable, net of allowance for credit losses

     

    1,387,690

     

     

     

    1,401,989

     

    Unbilled revenue

     

    1,258,706

     

     

     

    1,286,274

     

    Other receivables

     

    91,018

     

     

     

    79,487

     

    Prepayments and other current assets

     

    140,713

     

     

     

    140,435

     

    Income taxes receivable

     

    61,626

     

     

     

    83,523

     

    Total current assets

    $

    3,408,641

     

     

    $

    3,530,493

     

     

     

     

     

    Non-current assets:

     

     

     

    Property, plant and equipment, net

     

    390,837

     

     

     

    382,879

     

    Goodwill

     

    8,927,323

     

     

     

    9,051,410

     

    Intangible assets, net

     

    3,384,322

     

     

     

    3,559,792

     

    Operating right-of-use assets

     

    134,341

     

     

     

    147,602

     

    Other receivables

     

    89,932

     

     

     

    72,796

     

    Deferred tax asset

     

    100,810

     

     

     

    74,758

     

    Investments in equity

     

    71,284

     

     

     

    57,948

     

    Total Assets

    $

    16,507,490

     

     

    $

    16,877,678

     

     

     

     

     

    LIABILITIES AND SHAREHOLDERS' EQUITY

     

     

     

    Current liabilities:

     

     

     

    Accounts payable

    $

    113,288

     

     

    $

    173,025

     

    Unearned revenue

     

    1,528,343

     

     

     

    1,614,758

     

    Other liabilities

     

    998,472

     

     

     

    923,603

     

    Income taxes payable

     

    49,350

     

     

     

    55,258

     

    Current bank credit lines, loan facilities and notes

     

    529,762

     

     

     

    29,762

     

    Total current liabilities

    $

    3,219,215

     

     

    $

    2,796,406

     

     

     

     

     

    Non-current liabilities:

     

     

     

    Non-current bank credit lines, loan facilities and notes, net

     

    2,878,547

     

     

     

    3,396,398

     

    Lease liabilities

     

    125,110

     

     

     

    140,085

     

    Non-current other liabilities

     

    99,490

     

     

     

    83,470

     

    Non-current income taxes payable

     

    105,832

     

     

     

    125,834

     

    Deferred tax liability

     

    744,450

     

     

     

    812,486

     

    Commitments and contingencies

     

    —

     

     

     

    —

     

    Total Liabilities

    $

    7,172,644

     

     

    $

    7,354,679

     

     

     

     

     

    Shareholders' Equity:

     

     

     

    Ordinary shares, par value 6 euro cents per share; 100,000,000 shares authorized, 76,359,932 shares issued and outstanding at September 30, 2025 and 80,756,860 shares issued and outstanding at December 31, 2024

     

    6,290

     

     

     

    6,586

     

    Additional paid-in capital

     

    7,100,059

     

     

     

    7,020,231

     

    Other undenominated capital

     

    1,606

     

     

     

    1,304

     

    Accumulated other comprehensive loss

     

    (86,944

    )

     

     

    (229,929

    )

    Retained earnings

     

    2,313,835

     

     

     

    2,724,807

     

    Total Shareholders' Equity

    $

    9,334,846

     

     

    $

    9,522,999

     

    Total Liabilities and Shareholders' Equity

    $

    16,507,490

     

     

    $

    16,877,678

     

    ICON plc

    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 AND SEPTEMBER 30, 2024

    (UNAUDITED)

     

     

    Nine Months Ended

     

    September 30,

    2025

     

    September 30,

    2024

     

    (in thousands)

    Cash flows provided by operating activities:

     

     

     

    Net income

    $

    339,478

     

     

    $

    531,476

     

     

     

     

     

    Adjustments to reconcile net income to net cash provided by operating activities:

     

     

     

    Depreciation and amortization expense

     

    292,171

     

     

     

    391,845

     

    Goodwill impairment

     

    165,300

     

     

     

    —

     

    Impairment of operating right-of-use assets and related property, plant and equipment

     

    5,573

     

     

     

    12,559

     

    Reduction in carrying value of operating right-of-use assets

     

    29,473

     

     

     

    29,820

     

    Amortization of financing costs and debt discount

     

    4,470

     

     

     

    22,066

     

    Stock compensation expense

     

    72,529

     

     

     

    41,183

     

    Deferred tax benefit

     

    (91,788

    )

     

     

    (86,579

    )

    Unrealized foreign exchange movements

     

    24,661

     

     

     

    34,018

     

    Other non-cash items

     

    20,561

     

     

     

    26,828

     

    Changes in operating assets and liabilities:

     

     

     

    Accounts receivable

     

    1,013

     

     

     

    352,795

     

    Unbilled revenue

     

    25,979

     

     

     

    (423,533

    )

    Unearned revenue

     

    (101,089

    )

     

     

    (72,930

    )

    Other net assets and liabilities

     

    13,712

     

     

     

    88,790

     

    Net cash provided by operating activities

     

    802,043

     

     

     

    948,338

     

     

     

     

     

    Cash flows used in investing activities:

     

     

     

    Purchase of property, plant and equipment

     

    (114,885

    )

     

     

    (106,772

    )

    Purchase of subsidiary undertakings (net of cash acquired)

     

    (2,537

    )

     

     

    (85,629

    )

    Movement of available for sale investments

     

    —

     

     

     

    1,954

     

    Proceeds from investments in equity

     

    2,114

     

     

     

    2,671

     

    Purchase of investments in equity

     

    (16,286

    )

     

     

    (10,131

    )

    Net cash used in investing activities

     

    (131,594

    )

     

     

    (197,907

    )

     

     

     

     

    Cash flows used in financing activities:

     

     

     

    New Notes issue costs

     

    —

     

     

     

    (12,678

    )

    Drawdown of credit lines and loan facilities

     

    50,000

     

     

     

    2,242,480

     

    Repayment of credit lines and loan facilities

     

    (72,321

    )

     

     

    (2,595,323

    )

    Proceeds from exercise of equity compensation

     

    7,319

     

     

     

    32,379

     

    Share issue costs

     

    (14

    )

     

     

    (17

    )

    Repurchase of ordinary shares

     

    (750,000

    )

     

     

    (100,000

    )

    Share repurchase costs

     

    (450

    )

     

     

    (68

    )

    Net cash used in financing activities

     

    (765,466

    )

     

     

    (433,227

    )

     

     

     

     

    Effect of exchange rate movements on cash

     

    25,120

     

     

     

    201

     

    Net (decrease) / increase in cash and cash equivalents

     

    (69,897

    )

     

     

    317,405

     

    Cash and cash equivalents at beginning of period

     

    538,785

     

     

     

    378,102

     

    Cash and cash equivalents at end of period

    $

    468,888

     

     

    $

    695,507

     

    ICON plc

    RECONCILIATION OF NON-GAAP MEASURES

    FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND SEPTEMBER 30, 2024

    (UNAUDITED)

     

     

    Three Months Ended

     

    Nine Months Ended

     

    September 30,

    2025

     

    September 30,

    2024

     

    September 30,

    2025

     

    September 30,

    2024

     

    (in thousands, except share and per share data)

     

     

     

     

     

     

     

     

    Adjusted EBITDA

     

     

     

     

     

     

     

    Net income

    $

    2,355

     

     

    $

    197,128

     

     

    $

    339,478

     

     

    $

    531,476

     

    Income tax expense

     

    35,747

     

     

     

    37,437

     

     

     

    33,489

     

     

     

    89,105

     

    Net interest expense

     

    48,482

     

     

     

    50,869

     

     

     

    142,386

     

     

     

    180,207

     

    Depreciation and amortization

     

    98,495

     

     

     

    93,029

     

     

     

    292,171

     

     

     

    391,845

     

    Stock-based compensation expense (a)

     

    46,191

     

     

     

    13,038

     

     

     

    73,918

     

     

     

    41,183

     

    Foreign currency (gains)/losses, net (b)

     

    (6,860

    )

     

     

    19,434

     

     

     

    35,250

     

     

     

    11,960

     

    Restructuring (c)

     

    —

     

     

     

    —

     

     

     

    82,296

     

     

     

    45,789

     

    Transaction and integration related costs (d)

     

    7,020

     

     

     

    7,856

     

     

     

    19,141

     

     

     

    21,667

     

    Goodwill impairment (f)

     

    165,300

     

     

     

    —

     

     

     

    165,300

     

     

     

    —

     

    Adjusted EBITDA

    $

    396,730

     

     

    $

    418,791

     

     

    $

    1,183,429

     

     

    $

    1,313,232

     

     

     

     

     

     

     

     

     

    Adjusted net income and adjusted diluted net income per Ordinary Share

     

     

     

     

     

     

     

    Net income

    $

    2,355

     

     

    $

    197,128

     

     

    $

    339,478

     

     

    $

    531,476

     

    Income tax expense

     

    35,747

     

     

     

    37,437

     

     

     

    33,489

     

     

     

    89,105

     

    Amortization

     

    58,688

     

     

     

    58,026

     

     

     

    176,691

     

     

     

    291,013

     

    Stock-based compensation expense (a)

     

    46,191

     

     

     

    13,038

     

     

     

    73,918

     

     

     

    41,183

     

    Foreign currency (gains)/losses, net (b)

     

    (6,860

    )

     

     

    19,434

     

     

     

    35,250

     

     

     

    11,960

     

    Restructuring (c)

     

    —

     

     

     

    —

     

     

     

    82,296

     

     

     

    45,789

     

    Transaction and integration related costs (d)

     

    7,020

     

     

     

    7,856

     

     

     

    19,141

     

     

     

    21,667

     

    Transaction-related financing costs (e)

     

    1,499

     

     

     

    1,462

     

     

     

    4,470

     

     

     

    22,066

     

    Goodwill impairment (f)

     

    165,300

     

     

     

    —

     

     

     

    165,300

     

     

     

    —

     

    Adjusted tax expense (g)

     

    (51,140

    )

     

     

    (55,173

    )

     

     

    (153,455

    )

     

     

    (173,953

    )

    Adjusted net income

    $

    258,800

     

     

    $

    279,208

     

     

    $

    776,578

     

     

    $

    880,306

     

     

     

     

     

     

     

     

     

    Diluted weighted average number of Ordinary Shares outstanding

     

    78,082,459

     

     

     

    83,445,827

     

     

     

    79,518,086

     

     

     

    83,305,441

     

     

     

     

     

     

     

     

     

    Adjusted diluted net income per Ordinary Share

    $

    3.31

     

     

    $

    3.35

     

     

    $

    9.77

     

     

    $

    10.57

     

    (a)

    Stock-based compensation expense represents the amount of expense related to the company's equity compensation programs (inclusive of employer related taxes).

    (b)

    Foreign currency (gains)/losses, net relates to losses or gains that arise in connection with the revaluation, or settlement, of non-US dollar denominated assets and liabilities. We exclude these losses and gains from adjusted EBITDA and adjusted net income because fluctuations from period- to- period do not necessarily correspond to changes in our operating results.

    (c)

    Restructuring relates to charges incurred in connection with the company's realignments of its workforce, with the elimination of redundant positions as well as reviewing its global office footprint and optimizing its locations to best fit the requirements of the company.

    (d)

    Transaction and integration related costs include expenses associated with our acquisitions and any other costs incurred directly related to the integration of these acquisitions.

    (e)

    Transaction-related financing costs includes costs incurred in connection with changes to our long-term debt and amortization of financing fees. We exclude these costs from adjusted EBITDA and adjusted net income because they result from financing decisions rather than from decisions made related to our ongoing operations.

    (f)

    Goodwill impairment relates to an impairment of goodwill allocated to the Company's Data Solutions reporting unit.

    (g)

    Represents the tax effect of adjusted pre-tax income at our estimated effective tax rate.

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20251022000943/en/

    Investor Relations +1 888 381 7923

    Nigel Clerkin Chief Financial Officer +353 1 291 2000

    Kate Haven Vice President Investor Relations +1 888 381 7923

    All at ICON

    http://www.iconplc.com

    Get the next $ICLR alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $ICLR

    DatePrice TargetRatingAnalyst
    9/9/2025$175.00Buy → Hold
    Jefferies
    9/3/2025$236.00Neutral → Buy
    Rothschild & Co Redburn
    8/21/2025$200.00Buy → Neutral
    Citigroup
    7/24/2025$224.00Neutral → Outperform
    Robert W. Baird
    4/29/2025$150.00Overweight → Neutral
    Analyst
    4/14/2025$157.00Buy → Hold
    TD Cowen
    4/10/2025$165.00Overweight → Equal Weight
    Barclays
    3/21/2025$250.00 → $200.00Buy → Neutral
    Goldman
    More analyst ratings

    $ICLR
    SEC Filings

    View All

    SEC Form 6-K filed by ICON plc

    6-K - ICON PLC (0001060955) (Filer)

    10/23/25 4:35:45 PM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    SEC Form 6-K filed by ICON plc

    6-K - ICON PLC (0001060955) (Filer)

    10/22/25 4:28:43 PM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    SEC Form 144 filed by ICON plc

    144 - ICON PLC (0001060955) (Subject)

    10/2/25 4:03:11 PM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    $ICLR
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    ICON Reports Third Quarter 2025 Results

    Highlights Quarter three revenue was $2,042.8 million representing an increase of 1.3% on quarter two 2025. Net income for the quarter was $2.4 million or $0.03 per diluted share. Quarter three adjusted EBITDA was $396.7 million or 19.4% of revenue, representing an increase of 0.2% on quarter two 2025. Quarter three adjusted net income was $258.8 million or $3.31 per diluted ordinary share. Gross business wins in the quarter of $2,986 million, representing an increase of 0.7% on quarter two 2025. Net business wins in the quarter of $2,086 million, representing an increase of 1.4% on quarter two 2025; a net book to bill in the quarter of 1.02. Net debt was $2.9 bil

    10/22/25 4:25:00 PM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    ICON plc Schedules Third Quarter 2025 Earnings Conference Call

    ICON plc, (NASDAQ:ICLR) a world-leading clinical research organisation, today announced that it will release its financial results for the third quarter 2025 after the market closes on Wednesday, October 22, 2025. The company will hold a conference call and webcast to discuss its financial results and performance on Thursday, October 23, 2025 at 8:00am ET. Any changes to this event and links to the live webcast will be posted on the Investor section of our website under "Events". A webcast replay of the conference call will be available approximately one hour following the conclusion of the call. About ICON plc ICON plc is a world-leading clinical research organisation. From molecule

    9/24/25 9:00:00 AM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    ICON Announces CEO Transition

    ICON plc (NASDAQ:ICLR), a world-leading clinical research organisation, today announced that Dr. Steve Cutler has informed the Board of his decision to retire as Chief Executive Officer and the Board has appointed Mr. Barry Balfe, ICON's Chief Operating Officer, to succeed Dr. Cutler as Chief Executive Officer effective 1 October 2025. Mr. Balfe has also been appointed to the Board. Dr. Cutler will continue to serve on the Board as a non-executive director to facilitate a smooth transition. Mr. Balfe has deep knowledge of the CRO industry and has served as ICON's Chief Operating Officer since January 2025. Prior to his appointment as Chief Operating Officer, Mr. Balfe was appointed to the

    9/4/25 8:00:00 AM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    $ICLR
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    ICON plc downgraded by Jefferies with a new price target

    Jefferies downgraded ICON plc from Buy to Hold and set a new price target of $175.00

    9/9/25 7:54:46 AM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    ICON plc upgraded by Rothschild & Co Redburn with a new price target

    Rothschild & Co Redburn upgraded ICON plc from Neutral to Buy and set a new price target of $236.00

    9/3/25 8:15:57 AM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    ICON plc downgraded by Citigroup with a new price target

    Citigroup downgraded ICON plc from Buy to Neutral and set a new price target of $200.00

    8/21/25 8:13:11 AM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    $ICLR
    Financials

    Live finance-specific insights

    View All

    ICON Reports Third Quarter 2025 Results

    Highlights Quarter three revenue was $2,042.8 million representing an increase of 1.3% on quarter two 2025. Net income for the quarter was $2.4 million or $0.03 per diluted share. Quarter three adjusted EBITDA was $396.7 million or 19.4% of revenue, representing an increase of 0.2% on quarter two 2025. Quarter three adjusted net income was $258.8 million or $3.31 per diluted ordinary share. Gross business wins in the quarter of $2,986 million, representing an increase of 0.7% on quarter two 2025. Net business wins in the quarter of $2,086 million, representing an increase of 1.4% on quarter two 2025; a net book to bill in the quarter of 1.02. Net debt was $2.9 bil

    10/22/25 4:25:00 PM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    ICON plc Schedules Third Quarter 2025 Earnings Conference Call

    ICON plc, (NASDAQ:ICLR) a world-leading clinical research organisation, today announced that it will release its financial results for the third quarter 2025 after the market closes on Wednesday, October 22, 2025. The company will hold a conference call and webcast to discuss its financial results and performance on Thursday, October 23, 2025 at 8:00am ET. Any changes to this event and links to the live webcast will be posted on the Investor section of our website under "Events". A webcast replay of the conference call will be available approximately one hour following the conclusion of the call. About ICON plc ICON plc is a world-leading clinical research organisation. From molecule

    9/24/25 9:00:00 AM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    ICON Reports Second Quarter 2025 Results

    Highlights Gross business wins in the quarter of $2,966 million, representing an increase of 10.6% on quarter one 2025. Net business wins in the quarter of $2,057 million; a net book to bill in the quarter of 1.02. Quarter two revenue was $2,017.4 million representing an increase of 0.8% on quarter one 2025. Net income for the quarter was $183.0 million or $2.30 per diluted share, an increase of 30.7% on quarter two 2024 diluted earnings per ordinary share. Quarter two adjusted EBITDA was $396.0 million or 19.6% of revenue, representing an increase of 1.4% on quarter one 2025. Quarter two adjusted net income was $259.5 million or $3.26 per diluted ordinary share. Net de

    7/23/25 4:15:00 PM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    $ICLR
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13G/A filed by ICON plc

    SC 13G/A - ICON PLC (0001060955) (Subject)

    11/12/24 11:54:03 AM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    SEC Form SC 13G/A filed by ICON plc (Amendment)

    SC 13G/A - ICON PLC (0001060955) (Subject)

    2/9/24 11:49:03 AM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    SEC Form SC 13G/A filed by ICON plc (Amendment)

    SC 13G/A - ICON PLC (0001060955) (Subject)

    1/30/24 12:11:57 PM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    $ICLR
    Leadership Updates

    Live Leadership Updates

    View All

    ICON Announces CEO Transition

    ICON plc (NASDAQ:ICLR), a world-leading clinical research organisation, today announced that Dr. Steve Cutler has informed the Board of his decision to retire as Chief Executive Officer and the Board has appointed Mr. Barry Balfe, ICON's Chief Operating Officer, to succeed Dr. Cutler as Chief Executive Officer effective 1 October 2025. Mr. Balfe has also been appointed to the Board. Dr. Cutler will continue to serve on the Board as a non-executive director to facilitate a smooth transition. Mr. Balfe has deep knowledge of the CRO industry and has served as ICON's Chief Operating Officer since January 2025. Prior to his appointment as Chief Operating Officer, Mr. Balfe was appointed to the

    9/4/25 8:00:00 AM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    ICON Announces Results of Annual General Meeting

    ICON plc (NASDAQ:ICLR), a world-leading clinical research organisation powered by healthcare intelligence, today announced that all resolutions at the Annual General Meeting of the company (AGM) held on July 22, 2025 were duly passed by shareholders. These resolutions were set out in the Notice of the AGM sent to shareholders dated June 11, 2025 and are available on the ICON plc website. Forms of Proxy were received by ICON plc before the meeting, appointing proxies and giving them the following voting instructions: RESOLUTION NUMBER RESOLUTION     TOTAL NUMBER OF VOTES     VOTE FOR     VOTE AGAINST     VOTE WITHHELD                   1.1

    7/23/25 4:20:00 PM ET
    $ICLR
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care

    Anne Whitaker Appointed as Non-Executive Director

    MELBOURNE, Australia and INDIANAPOLIS, April 04, 2025 (GLOBE NEWSWIRE) -- Telix Pharmaceuticals Limited (ASX: TLX, NASDAQ:TLX, Telix, the Company) today announces the appointment of Anne Whitaker as a Non-Executive Director (NED) based in the United States, effective 7 April 20251. Ms. Whitaker is a seasoned healthcare leader and advisor with over 30 years' global corporate experience spanning large pharmaceutical, biotech and speciality pharmaceutical companies, including clinical research and manufacturing organizations. She has held Board positions on a range of Nasdaq-listed clinical and commercial stage life sciences companies. Ms. Whitaker is currently serving as a NED at Icon PLC

    4/3/25 6:13:56 PM ET
    $ICLR
    $TLX
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care
    Biotechnology: Pharmaceutical Preparations