ICF International, Inc.

Cash flows from operations were $52 million in the second quarter and the company reduced its debt by $40 million, reflecting the continued strong cash generation of the business.

SEC original ↗ICF International, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Dividend Declaration On July 31, 2025, ICF declared a quarterly cash dividend of $0.14 per share, payable on October 10, 2025, to shareholders of record on September 5, 2025.

SEC original ↗ICF International, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

At June 30, 2026 and December 31, 2025, long-term debt consisted of: June 30, 2026 December 31, 2025 Average Interest Rate Outstanding Balance Average Interest Rate Outstanding Balance Term Loan $ 395,625 $ 200,250 Delayed-Draw Term Loan 154,000 Revolving Credit 12,022 48,484 5.0 % 407,647 5.6 % 402,734 Unamortized debt issuance costs ( 1,419 ) ( 1,379 ) Total $ 406,228 $ 401,355 The weighted-average interest rate on borrowings was 5.0 % and 5.7 % for the six months ended June 30, 2026 and 2025, respectively, and 5.6 % for the twelve months ended December 31, 2025.

SEC original ↗ICF International, Inc. — 10-Q Quarterly report10-QAug 6, 2026

As of June 30, 2026, the Company had a total borrowing capacity of $ 986.4 million , inclusive of $ 586.4 million under the revolving line of credit and $ 400.0 million of the unused delayed draw term loan facility.

SEC original ↗ICF International, Inc. — 10-Q Quarterly report10-QAug 6, 2026

The Loan Syndicate of the amended Credit Facility includes a combination of continuing and new financial institutions.

SEC original ↗ICF International, Inc. — 10-Q Quarterly report10-QAug 6, 2026

The borrowing and repayments against the amended Credit Facility are presented in the statement of cash flows on a constructive basis, as if each borrowing in the previous syndicate was extinguished, and each financial institution in the Loan Syndicate is providing new borrowings.

SEC original ↗ICF International, Inc. — 10-Q Quarterly report10-QAug 6, 2026

Margins also benefitted from cost management initiatives and a higher percentage of fixed price and time and material contracts, which accounted for 93% of our second quarter revenues, up from 88% last year, while cost reimbursement contracts were under 7%.

SEC original ↗ICF International, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives.

SEC original ↗ICF International, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

The ETR for the three and six months ended June 30, 2026 were lower than the combined federal and state statutory tax rate primarily due to research tax credits and state tax planning strategies implemented that were, in part, offset by additional tax provisions attributable to equity-based compensation and valuation allowance on excess foreign tax credits.

SEC original ↗ICF International, Inc. — 10-Q Quarterly report10-QAug 6, 2026

We provide services to our diverse client base that deliver value throughout the entire life cycle of a policy, program, project, or initiative.

SEC original ↗ICF International, Inc. — 10-Q Quarterly report10-QAug 6, 2026

19 As the federal government continues to sharpen its focus on efficiency, transparency, consolidation, and accountability, we see growth opportunities for our fit-for-purpose technology solutions.

SEC original ↗ICF International, Inc. — 10-Q Quarterly report10-QAug 6, 2026

We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges.

SEC original ↗ICF International, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Legal Proceedings 27 Item 1A.

SEC original ↗ICF International, Inc. — 10-Q Quarterly report10-QAug 6, 2026

Disaggregation of Revenue The Company disaggregates revenue from clients into categories that depict how the nature, amount, and uncertainty of revenue and cash flows are affected by economic and business factors.

SEC original ↗ICF International, Inc. — 10-Q Quarterly report10-QAug 6, 2026

Litigation and Claims The Company is involved in various legal matters and proceedings arising in the ordinary course of business.

SEC original ↗ICF International, Inc. — 10-Q Quarterly report10-QAug 6, 2026

These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements.

SEC original ↗ICF International, Inc. — 10-Q Quarterly report10-QAug 6, 2026

Although we continue to see favorable long-term market opportunities, there are certain business challenges facing all government service providers.

SEC original ↗ICF International, Inc. — 10-Q Quarterly report10-QAug 6, 2026