Intermap Technologies Reports Delayed Government Contracts Drove 2025 Revenue Decline

Company sees strong growth in commercial subscription and data revenue, expects rebound in 2026 as government programs move forward.

Apr. 1, 2026 at 1:06pm

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Intermap Technologies reported a sharp year-over-year revenue decline in 2025, driven by delays in follow-on awards tied to government programs in Indonesia and the U.S. However, the company saw strong growth in its commercial subscription and data revenue, which now represents nearly half of total revenue. Intermap is optimistic about its prospects for 2026 as it expects the delayed government programs to move forward and contribute to a rebound in sales.

Why it matters

Intermap's reliance on large government contracts has made the company vulnerable to timing issues with these programs. The company’s ability to grow its commercial business and diversify its revenue streams will be crucial to its long-term success, especially as it seeks to uplist to the Nasdaq exchange.

The details

Intermap reported 2025 revenue of $10.6 million, down from $17.6 million in 2024, with the decline attributed “essentially all” to delays in follow-on awards for government programs in Indonesia and the U.S. Fourth-quarter revenue was $1.6 million compared to $7.4 million in the prior-year period. Despite the government-related timing issues, the company saw 29% year-over-year growth in subscription and data revenue, which now makes up 49% of total revenue. Intermap highlighted traction in the Czech insurance market, where eight leading insurers have adopted its AI-enabled “Risk Assistant” platform.

  • Intermap reported 2025 revenue of $10.6 million, down from $17.6 million in 2024.
  • Fourth-quarter 2025 revenue was $1.6 million compared to $7.4 million in the fourth quarter of 2024.

The players

Intermap Technologies

A global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models.

Patrick Blott

Chairman and CEO of Intermap Technologies.

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