ICON plc announced it will not timely file its Q4 and FY 2025 financial reports due to an ongoing internal investigation by its Audit Committee into certain accounting practices and controls. The investigation, initiated in late October 2025, has uncovered possible overstatements of revenue in 2023 and 2024 and is expected to reveal material weaknesses in internal controls. Following these disclosures, ICON shares fell approximately 49%, erasing over $5 billion in market value.

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