Outbrain (OB) Financials

$2.62 -0.14 (-5.07%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$2.64 +0.02 (+0.76%)

As of 05/23/2025 06:27 PM Eastern

Annual Income Statements for Outbrain

This table shows Outbrain's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Income / (Loss) Attributable to Common Shareholders	-0.71	10	-25	11
Consolidated Net Income / (Loss)	-0.71	10	-25	11
Net Income / (Loss) Continuing Operations	-0.71	10	-25	11
Total Pre-Tax Income	1.70	16	-19	-15
Total Operating Income	-13	-8.64	-14	35
Total Gross Profit	192	185	193	240
Total Revenue	890	936	992	1,016
Operating Revenue	890	936	992	1,016
Total Cost of Revenue	698	751	799	775
Operating Cost of Revenue	698	751	799	775
Total Operating Expenses	205	193	206	206
Selling, General & Admin Expense	70	59	57	71
Marketing Expense	97	98	109	96
Research & Development Expense	37	36	40	39
Total Other Income / (Expense), net	14	25	-5.03	-49
Interest Expense	3.65	5.39	7.63	3.96
Interest & Investment Income	9.21	7.79	2.60	-3.08
Other Income / (Expense), net	8.78	23	0.00	-42
Income Tax Expense	2.42	6.11	6.01	-26
Basic Earnings per Share	($0.01)	$0.20	($0.44)	$0.31
Weighted Average Basic Shares Outstanding	49.32M	50.90M	55.62M	35.16M
Diluted Earnings per Share	($0.11)	($0.06)	($0.44)	$0.20
Weighted Average Diluted Shares Outstanding	52.71M	56.97M	55.62M	53.89M
Weighted Average Basic & Diluted Shares Outstanding	93.94M	49.05M	51.16M	57.22M

This table shows Outbrain's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	9/30/2024	6/30/2024	12/31/2023	9/30/2023	9/30/2023	6/30/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	6.70	-2.20	-2.06	0.51	0.51	11	-7.75	-4.62
Consolidated Net Income / (Loss)	6.70	-2.20	-2.06	0.51	0.51	11	-7.75	-4.62
Net Income / (Loss) Continuing Operations	6.70	-2.20	-2.06	0.51	0.51	11	-7.75	-4.62
Total Pre-Tax Income	7.93	-3.45	-2.03	1.52	1.52	15	-1.24	-5.80
Total Operating Income	-2.95	-5.63	-6.22	2.62	2.62	-7.66	-3.67	-7.07
Total Gross Profit	49	46	48	46	46	44	48	42
Total Revenue	224	214	250	230	230	226	258	229
Operating Revenue	224	214	250	230	230	226	258	229
Total Cost of Revenue	175	169	202	184	184	182	210	187
Operating Cost of Revenue	175	169	202	184	184	182	210	187
Total Operating Expenses	52	51	54	44	44	52	52	49
Selling, General & Admin Expense	20	17	16	14	14	16	16	12
Marketing Expense	23	25	30	21	21	26	26	27
Research & Development Expense	9.05	9.40	9.00	8.68	8.68	10	9.46	9.91
Total Other Income / (Expense), net	11	2.18	4.19	-1.10	-1.10	23	2.43	1.28
Interest Expense	1.44	0.57	1.38	1.46	1.46	1.11	1.88	1.92
Interest & Investment Income	3.54	2.75	5.56	0.36	0.36	1.52	4.31	3.20
Other Income / (Expense), net	8.78	0.00	-	0.00	0.00	23	-	0.00
Income Tax Expense	1.23	-1.25	0.02	1.01	1.01	4.06	6.51	-1.17
Basic Earnings per Share	$0.14	($0.04)	($0.04)	$0.01	$0.01	$0.22	($0.15)	($0.08)
Weighted Average Basic Shares Outstanding	49.33M	48.92M	50.90M	50.88M	50.88M	51.22M	55.62M	55.23M
Diluted Earnings per Share	$0.01	($0.04)	$0.01	$0.01	$0.01	($0.09)	($0.15)	($0.08)
Weighted Average Diluted Shares Outstanding	53.91M	48.92M	56.97M	51.24M	51.24M	56.63M	55.62M	55.23M
Weighted Average Basic & Diluted Shares Outstanding	49.65M	49.21M	49.05M	-	50.16M	51.15M	51.16M	52.56M

This table details how cash moves in and out of Outbrain's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Change in Cash & Equivalents	19	-35	-350	362
Net Cash From Operating Activities	69	14	3.81	57
Net Cash From Continuing Operating Activities	69	14	3.81	57
Net Income / (Loss) Continuing Operations	-0.71	10	-25	11
Consolidated Net Income / (Loss)	-0.71	10	-25	11
Depreciation Expense	6.31	6.92	11	7.50
Amortization Expense	11	10	14	12
Non-Cash Adjustments To Reconcile Net Income	15	1.29	19	74
Changes in Operating Assets and Liabilities, net	37	-15	-15	-48
Net Cash From Investing Activities	67	70	-318	-20
Net Cash From Continuing Investing Activities	67	70	-318	-20
Purchase of Property, Plant & Equipment	-17	-20	-26	-20
Acquisitions	-0.18	-0.39	-45	0.00
Purchase of Investments	-91	-132	-262	0.00
Sale and/or Maturity of Investments	175	222	16	0.00
Other Investing Activities, net	-0.10	-0.07	-0.13	-0.05
Net Cash From Financing Activities	-118	-117	-32	326
Net Cash From Continuing Financing Activities	-118	-117	-32	326
Repayment of Debt	-110	-98	-3.19	-11
Repurchase of Common Equity	-6.60	-19	-33	-18
Other Financing Activities, net	-1.10	-0.55	4.16	5.94
Effect of Exchange Rate Changes	0.63	-1.00	-4.04	-1.03
Cash Interest Paid	4.32	6.03	7.46	0.59
Cash Income Taxes Paid	10	8.60	6.89	6.74

This table details how cash moves in and out of Outbrain's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	32	0.47	6.35	4.74	-13	-32	-32	-254
Net Cash From Operating Activities	43	8.61	25	6.92	1.83	-20	17	-12
Net Cash From Continuing Operating Activities	43	8.61	25	6.92	1.83	-20	17	-12
Net Income / (Loss) Continuing Operations	-0.17	-5.04	4.06	0.51	11	-5.61	-7.75	-4.62
Consolidated Net Income / (Loss)	-0.17	-5.04	4.06	0.51	11	-5.61	-7.75	-4.62
Depreciation Expense	1.66	1.64	1.72	1.74	1.75	1.70	3.06	2.90
Amortization Expense	2.93	2.62	2.50	2.43	2.26	3.00	2.83	3.13
Non-Cash Adjustments To Reconcile Net Income	6.00	6.15	5.53	6.57	-16	5.34	3.05	2.84
Changes in Operating Assets and Liabilities, net	32	3.24	12	-4.32	2.68	-25	16	-16
Net Cash From Investing Activities	-8.42	-4.23	-14	4.31	83	-4.04	-43	-223
Net Cash From Continuing Investing Activities	-8.42	-4.23	-14	4.31	83	-4.04	-43	-223
Purchase of Property, Plant & Equipment	-5.03	-3.96	-4.50	-5.14	-3.99	-6.60	-5.60	-3.66
Purchase of Investments	-34	-32	-45	-26	-28	-33	-53	-209
Sale and/or Maturity of Investments	31	31	35	36	115	36	16	-
Other Investing Activities, net	-0.02	0.00	-0.06	-0.00	-0.00	-0.01	-0.05	0.01
Net Cash From Financing Activities	-0.81	-4.27	-5.62	-6.17	-98	-7.41	-7.17	-17
Net Cash From Continuing Financing Activities	-0.81	-4.27	-5.62	-6.17	-98	-7.41	-7.17	-17
Repurchase of Common Equity	-0.21	-4.02	-5.27	-5.72	-1.18	-6.36	-6.77	-16
Other Financing Activities, net	-0.60	0.00	-	-	-	-0.55	0.21	0.19
Effect of Exchange Rate Changes	-1.40	0.36	0.56	-0.32	-0.81	-0.44	1.13	-1.30
Cash Interest Paid	0.06	1.82	-0.21	1.81	0.85	3.58	0.11	3.62
Cash Income Taxes Paid	-0.85	2.13	1.05	1.47	3.77	2.31	2.79	1.36

This table presents Outbrain's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Total Assets	549	665	781	796
Total Current Assets	343	402	501	676
Cash & Equivalents	89	71	106	455
Short-Term Investments	77	94	167	0.00
Accounts Receivable	149	189	181	193
Prepaid Expenses	28	47	47	28
Plant, Property, & Equipment, net	45	42	40	28
Total Noncurrent Assets	161	220	241	92
Long-Term Investments	0.00	66	79	0.00
Goodwill	63	63	63	33
Intangible Assets	17	20	25	5.72
Noncurrent Deferred & Refundable Income Taxes	41	38	36	33
Other Noncurrent Operating Assets	40	33	39	20
Total Liabilities & Shareholders' Equity	549	665	781	796
Total Liabilities	318	442	563	539
Total Current Liabilities	289	298	300	288
Accounts Payable	149	151	148	161
Accrued Expenses	114	120	126	100
Current Deferred Revenue	6.93	8.49	6.70	4.78
Current Employee Benefit Liabilities	19	19	20	23
Total Noncurrent Liabilities	28	144	263	251
Long-Term Debt	0.00	118	236	236
Capital Lease Obligations	12	9.22	-	-
Other Noncurrent Operating Liabilities	17	17	27	15
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	231	223	218	257
Total Preferred & Common Equity	231	223	218	257
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	231	223	218	257
Common Stock	485	469	456	435
Retained Earnings	-169	-169	-179	-157
Treasury Stock	-74	-68	-49	-17
Accumulated Other Comprehensive Income / (Loss)	-9.48	-9.05	-9.91	-4.47

This table presents Outbrain's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q1 2024	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	9/30/2023	3/31/2023	9/30/2022
Total Assets	530	626	630	746	753
Total Current Assets	326	357	387	481	482
Cash & Equivalents	57	75	65	73	138
Short-Term Investments	73	88	104	179	136
Accounts Receivable	158	154	171	181	166
Prepaid Expenses	38	40	47	48	43
Plant, Property, & Equipment, net	44	43	43	40	35
Total Noncurrent Assets	160	227	200	225	236
Long-Term Investments	0.00	66	45	66	71
Goodwill	63	63	63	63	63
Intangible Assets	18	19	21	23	26
Noncurrent Deferred & Refundable Income Taxes	42	43	37	36	41
Other Noncurrent Operating Assets	37	36	34	37	35
Total Liabilities & Shareholders' Equity	530	626	630	746	753
Total Liabilities	303	410	412	538	528
Total Current Liabilities	273	261	267	275	266
Accounts Payable	123	129	126	138	129
Accrued Expenses	124	108	117	115	116
Current Deferred Revenue	6.60	6.64	6.83	6.46	6.11
Current Employee Benefit Liabilities	19	18	17	16	15
Total Noncurrent Liabilities	30	149	146	263	262
Long-Term Debt	0.00	118	118	236	236
Capital Lease Obligations	13	13	-	-	-
Other Noncurrent Operating Liabilities	18	18	28	27	26
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	227	216	218	208	225
Total Preferred & Common Equity	227	216	218	208	225
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	227	216	218	208	225
Common Stock	481	476	465	459	453
Retained Earnings	-169	-176	-173	-185	-174
Treasury Stock	-74	-74	-62	-56	-42
Accumulated Other Comprehensive Income / (Loss)	-9.94	-10	-12	-11	-11

This table displays calculated financial ratios and metrics derived from Outbrain's official financial filings.

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Growth Metrics	-	-	-	-
Revenue Growth	-4.91%	-5.67%	-2.32%	32.39%
EBITDA Growth	-56.89%	172.49%	-4.85%	-55.63%
EBIT Growth	-127.63%	203.00%	-80.81%	-188.34%
NOPAT Growth	197.47%	42.95%	-139.21%	317.33%
Net Income Growth	-106.94%	141.67%	-323.57%	152.35%
EPS Growth	-83.33%	86.36%	-320.00%	150.00%
Operating Cash Flow Growth	398.77%	260.50%	-93.28%	7.13%
Free Cash Flow Firm Growth	314.54%	70.28%	-208.47%	-243.99%
Invested Capital Growth	-35.47%	16.36%	174.33%	439.49%
Revenue Q/Q Growth	0.00%	-0.85%	-3.10%	0.00%
EBITDA Q/Q Growth	0.00%	144.78%	162.05%	0.00%
EBIT Q/Q Growth	0.00%	329.18%	-1,510.94%	0.00%
NOPAT Q/Q Growth	0.00%	-235.00%	-1,510.94%	0.00%
Net Income Q/Q Growth	0.00%	125.15%	-211.12%	0.00%
EPS Q/Q Growth	0.00%	72.73%	-180.00%	0.00%
Operating Cash Flow Q/Q Growth	33.45%	156.98%	121.69%	-19.53%
Free Cash Flow Firm Q/Q Growth	0.00%	-119.38%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	-11.64%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	21.59%	19.75%	19.42%	23.66%
EBITDA Margin	1.50%	3.32%	1.15%	1.18%
Operating Margin	-1.42%	-0.92%	-1.37%	3.40%
EBIT Margin	-0.43%	1.49%	-1.37%	-0.74%
Profit (Net Income) Margin	-0.08%	1.09%	-2.48%	1.08%
Tax Burden Percent	-41.73%	62.62%	132.35%	-75.65%
Interest Burden Percent	-44.19%	117.20%	137.09%	193.98%
Effective Tax Rate	141.73%	37.38%	0.00%	0.00%
Return on Invested Capital (ROIC)	5.37%	-4.88%	-13.56%	183.47%
ROIC Less NNEP Spread (ROIC-NNEP)	10.01%	-19.17%	-4.53%	191.90%
Return on Net Nonoperating Assets (RNNOA)	-5.69%	9.52%	3.20%	-176.99%
Return on Equity (ROE)	-0.31%	4.65%	-10.36%	6.48%
Cash Return on Invested Capital (CROIC)	48.48%	-20.00%	-106.70%	-64.74%
Operating Return on Assets (OROA)	-0.64%	1.93%	-1.72%	-1.30%
Return on Assets (ROA)	-0.12%	1.42%	-3.12%	1.91%
Return on Common Equity (ROCE)	-0.31%	4.65%	-10.36%	3.38%
Return on Equity Simple (ROE_SIMPLE)	-0.31%	4.59%	-11.29%	4.28%
Net Operating Profit after Tax (NOPAT)	5.27	-5.41	-9.48	24
NOPAT Margin	0.59%	-0.58%	-0.96%	2.38%
Net Nonoperating Expense Percent (NNEP)	-4.64%	14.29%	-9.02%	-8.43%
Return On Investment Capital (ROIC_SIMPLE)	2.17%	-1.54%	-2.09%	-
Cost of Revenue to Revenue	78.41%	80.25%	80.58%	76.34%
SG&A Expenses to Revenue	7.88%	6.27%	5.75%	6.97%
R&D to Revenue	4.17%	3.89%	4.06%	3.86%
Operating Expenses to Revenue	23.01%	20.67%	20.78%	20.25%
Earnings before Interest and Taxes (EBIT)	-3.86	14	-14	-7.49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13	31	11	12
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	1.54	0.98	0.87	3.03
Price to Tangible Book Value (P/TBV)	2.36	1.57	1.46	3.56
Price to Revenue (P/Rev)	0.40	0.23	0.19	0.77
Price to Earnings (P/E)	0.00	21.45	0.00	70.68
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	4.66%	0.00%	1.41%
Enterprise Value to Invested Capital (EV/IC)	2.63	0.97	0.73	14.92
Enterprise Value to Revenue (EV/Rev)	0.23	0.12	0.08	0.55
Enterprise Value to EBITDA (EV/EBITDA)	15.10	3.73	6.58	46.57
Enterprise Value to EBIT (EV/EBIT)	0.00	8.31	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	38.33	0.00	0.00	23.06
Enterprise Value to Operating Cash Flow (EV/OCF)	2.95	8.43	19.67	9.83
Enterprise Value to Free Cash Flow (EV/FCFF)	4.25	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.05	0.57	1.08	0.92
Long-Term Debt to Equity	0.05	0.57	1.08	0.92
Financial Leverage	-0.57	-0.50	-0.71	-0.92
Leverage Ratio	2.67	3.28	3.32	3.40
Compound Leverage Factor	-1.18	3.84	4.56	6.59
Debt to Total Capital	4.85%	36.32%	52.01%	47.89%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	4.85%	36.32%	52.01%	47.89%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	95.15%	63.68%	47.99%	52.11%
Debt to EBITDA	0.88	4.10	20.71	19.70
Net Debt to EBITDA	-11.53	-3.34	-10.11	-18.32
Long-Term Debt to EBITDA	0.88	4.10	20.71	19.70
Debt to NOPAT	2.23	-23.52	-24.89	9.76
Net Debt to NOPAT	-29.27	19.18	12.15	-9.07
Long-Term Debt to NOPAT	2.23	-23.52	-24.89	9.76
Altman Z-Score	1.96	1.61	1.40	2.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	47.86%
Liquidity Ratios	-	-	-	-
Current Ratio	1.19	1.35	1.67	2.34
Quick Ratio	1.09	1.19	1.51	2.25
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	48	-22	-75	-24
Operating Cash Flow to CapEx	396.47%	67.94%	14.70%	283.05%
Free Cash Flow to Firm to Interest Expense	13.04	-4.11	-9.79	-6.10
Operating Cash Flow to Interest Expense	18.79	2.55	0.50	14.32
Operating Cash Flow Less CapEx to Interest Expense	14.05	-1.20	-2.90	9.26
Efficiency Ratios	-	-	-	-
Asset Turnover	1.47	1.29	1.26	1.76
Accounts Receivable Turnover	5.26	5.05	5.30	5.67
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	20.29	22.73	29.22	38.50
Accounts Payable Turnover	4.65	5.03	5.18	5.55
Days Sales Outstanding (DSO)	69.42	72.27	68.81	64.38
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	78.54	72.53	70.41	65.73
Cash Conversion Cycle (CCC)	-9.12	-0.26	-1.60	-1.36
Capital & Investment Metrics	-	-	-	-
Invested Capital	77	119	103	37
Invested Capital Turnover	9.07	8.44	14.18	77.04
Increase / (Decrease) in Invested Capital	-42	17	65	48
Enterprise Value (EV)	202	116	75	558
Market Capitalization	356	220	190	777
Book Value per Share	$4.66	$4.45	$4.14	$4.63
Tangible Book Value per Share	$3.05	$2.78	$2.48	$3.93
Total Capital	243	350	454	493
Total Debt	12	127	236	236
Total Long-Term Debt	12	127	236	236
Net Debt	-154	-104	-115	-219
Capital Expenditures (CapEx)	17	20	26	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-112	-61	-72	-68
Debt-free Net Working Capital (DFNWC)	54	104	200	388
Net Working Capital (NWC)	54	104	200	388
Net Nonoperating Expense (NNE)	5.98	-16	15	13
Net Nonoperating Obligations (NNO)	-154	-104	-115	-219
Total Depreciation and Amortization (D&A)	17	17	25	19
Debt-free, Cash-free Net Working Capital to Revenue	-12.64%	-6.52%	-7.27%	-6.68%
Debt-free Net Working Capital to Revenue	6.03%	11.13%	20.20%	38.16%
Net Working Capital to Revenue	6.03%	11.13%	20.20%	38.16%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	($0.01)	$0.20	($0.44)	$0.31
Adjusted Weighted Average Basic Shares Outstanding	49.32M	50.90M	55.62M	35.16M
Adjusted Diluted Earnings per Share	($0.11)	($0.06)	($0.44)	$0.20
Adjusted Weighted Average Diluted Shares Outstanding	52.71M	56.97M	55.62M	53.89M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	93.94M	49.05M	51.16M	57.22M
Normalized Net Operating Profit after Tax (NOPAT)	-8.85	-5.41	-9.48	24
Normalized NOPAT Margin	-0.99%	-0.58%	-0.96%	2.38%
Pre Tax Income Margin	0.19%	1.75%	-1.87%	-1.43%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	-1.06	2.59	-1.78	-1.89
NOPAT to Interest Expense	1.45	-1.00	-1.24	6.10
EBIT Less CapEx to Interest Expense	-5.80	-1.16	-5.18	-6.95
NOPAT Less CapEx to Interest Expense	-3.29	-4.76	-4.65	1.04
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-928.27%	180.83%	-132.88%	162.34%

This table displays calculated financial ratios and metrics derived from Outbrain's official financial filings.

Metric	Q3 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	9/30/2024	6/30/2024	12/31/2023	9/30/2023	9/30/2023	6/30/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	-2.54%	-5.16%	-3.09%	0.44%	-8.32%	-11.18%	-10.94%	-8.68%
EBITDA Growth	-14.02%	-106.97%	-190.15%	748.57%	71.21%	209.60%	103.29%	-102.51%
EBIT Growth	122.63%	-137.68%	-69.48%	137.04%	191.00%	20,082.43%	88.17%	-36.07%
NOPAT Growth	-384.93%	30.05%	-69.48%	117.66%	143.39%	-10,970.80%	-104.37%	-10.24%
Net Income Growth	1,218.11%	-119.49%	73.47%	110.99%	104.92%	696.93%	-119.89%	91.42%
EPS Growth	0.00%	55.56%	106.67%	112.50%	105.56%	-200.00%	-117.86%	92.92%
Operating Cash Flow Growth	0.00%	142.02%	49.16%	157.02%	20.91%	-675.39%	495.83%	-133.51%
Free Cash Flow Firm Growth	-195.58%	108.90%	68.81%	181.83%	66.67%	48.10%	0.00%	-921.53%
Invested Capital Growth	0.00%	-6.30%	16.36%	0.00%	34.30%	45.38%	174.33%	630.29%
Revenue Q/Q Growth	0.00%	0.00%	8.68%	0.00%	1.87%	-12.47%	12.64%	-8.72%
EBITDA Q/Q Growth	0.00%	0.00%	-129.54%	2.20%	-66.19%	783.27%	312.52%	-126.98%
EBIT Q/Q Growth	0.00%	0.00%	-337.40%	0.00%	-82.46%	506.95%	48.11%	-145.68%
NOPAT Q/Q Growth	0.00%	0.00%	-597.90%	0.00%	115.53%	-119.19%	48.11%	-145.68%
Net Income Q/Q Growth	0.00%	0.00%	-504.72%	0.00%	-95.50%	245.59%	-67.58%	55.19%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	111.11%	40.00%	-87.50%	55.56%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	268.16%	278.76%	108.92%	-219.89%	240.73%	-903.24%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-118.07%	484.56%	32.49%	33.51%	52.60%	-56.62%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-100.00%	-2.98%	23.10%	-11.64%	27.26%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	21.80%	21.28%	19.20%	20.17%	20.17%	19.50%	18.64%	18.30%
EBITDA Margin	2.60%	-0.64%	-0.80%	2.95%	2.89%	8.70%	0.86%	-0.46%
Operating Margin	-1.32%	-2.63%	-2.49%	1.14%	1.14%	-3.39%	-1.42%	-3.09%
EBIT Margin	2.60%	-2.63%	-2.49%	1.14%	1.14%	6.61%	-1.42%	-3.09%
Profit (Net Income) Margin	2.99%	-1.03%	-0.82%	0.22%	0.22%	5.00%	-3.00%	-2.02%
Tax Burden Percent	84.49%	63.74%	101.08%	33.38%	33.38%	73.52%	626.43%	79.75%
Interest Burden Percent	135.86%	61.31%	32.70%	58.09%	58.09%	102.75%	33.71%	81.97%
Effective Tax Rate	15.51%	0.00%	0.00%	66.62%	66.62%	26.48%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-13.90%	-14.69%	0.00%	3.36%	-22.56%	-14.12%	-47.01%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-15.84%	-16.79%	0.00%	3.65%	-35.74%	-11.03%	-47.20%
Return on Net Nonoperating Assets (RNNOA)	0.00%	6.71%	8.34%	0.00%	-1.97%	19.53%	7.78%	37.31%
Return on Equity (ROE)	0.00%	-7.20%	-6.35%	0.00%	1.38%	-3.03%	-6.35%	-9.70%
Cash Return on Invested Capital (CROIC)	0.00%	2.72%	-20.00%	0.00%	-28.40%	-50.97%	-106.70%	0.00%
Operating Return on Assets (OROA)	0.00%	-3.54%	-3.22%	0.00%	1.51%	8.22%	-1.79%	-4.21%
Return on Assets (ROA)	0.00%	-1.38%	-1.06%	0.00%	0.29%	6.21%	-3.78%	-2.76%
Return on Common Equity (ROCE)	0.00%	-7.20%	-6.35%	0.00%	1.38%	-3.03%	-6.35%	-9.70%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-1.50%	0.00%	0.00%	-0.27%	-5.49%	0.00%	9.83%
Net Operating Profit after Tax (NOPAT)	-2.49	-3.94	-4.35	0.87	0.87	-5.63	-2.57	-4.95
NOPAT Margin	-1.11%	-1.84%	-1.74%	0.38%	0.38%	-2.49%	-1.00%	-2.16%
Net Nonoperating Expense Percent (NNEP)	15.59%	1.94%	2.10%	0.00%	-0.29%	13.18%	-3.10%	0.18%
Cost of Revenue to Revenue	78.20%	78.72%	80.80%	79.83%	79.83%	80.50%	81.36%	81.70%
SG&A Expenses to Revenue	8.73%	7.95%	6.28%	5.92%	5.92%	6.97%	6.14%	5.34%
R&D to Revenue	4.04%	4.39%	3.60%	3.77%	3.77%	4.45%	3.67%	4.33%
Operating Expenses to Revenue	23.11%	23.91%	21.69%	19.03%	19.03%	22.89%	20.06%	21.39%
Earnings before Interest and Taxes (EBIT)	5.83	-5.63	-6.22	2.62	2.62	15	-3.67	-7.07
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.83	-1.37	-2.00	6.78	6.64	20	2.22	-1.05
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.05	1.13	0.98	0.00	1.14	1.21	0.87	0.90
Price to Tangible Book Value (P/TBV)	1.64	1.81	1.57	0.00	1.85	2.07	1.46	1.50
Price to Revenue (P/Rev)	0.00	0.26	0.23	0.26	0.26	0.26	0.19	0.20
Price to Earnings (P/E)	0.00	0.00	21.45	54.57	0.00	0.00	0.00	9.20
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	4.66%	1.83%	0.00%	0.00%	0.00%	10.87%
Enterprise Value to Invested Capital (EV/IC)	1.11	1.23	0.97	0.00	1.24	1.35	0.73	0.81
Enterprise Value to Revenue (EV/Rev)	0.00	0.16	0.12	0.00	0.16	0.18	0.08	0.09
Enterprise Value to EBITDA (EV/EBITDA)	0.00	14.48	3.73	0.00	31.36	81.13	6.58	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	8.31	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	162.74	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	2.36	3.40	8.43	0.00	0.00	0.00	19.67	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	43.78	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.06	0.61	0.57	0.00	0.54	1.14	1.08	1.05
Long-Term Debt to Equity	0.06	0.61	0.57	0.00	0.54	1.14	1.08	1.05
Financial Leverage	-0.52	-0.42	-0.50	0.00	-0.54	-0.55	-0.71	-0.79
Leverage Ratio	2.33	3.24	3.28	0.00	3.06	3.30	3.32	3.34
Compound Leverage Factor	3.17	1.98	1.07	0.00	1.78	3.39	1.12	2.74
Debt to Total Capital	5.27%	37.79%	36.32%	0.00%	35.08%	53.16%	52.01%	51.20%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	5.27%	37.79%	36.32%	0.00%	35.08%	53.16%	52.01%	51.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	94.73%	62.21%	63.68%	0.00%	64.92%	46.84%	47.99%	48.80%
Debt to EBITDA	0.00	13.06	4.10	0.00	24.30	112.65	20.71	-12.85
Net Debt to EBITDA	0.00	-9.72	-3.34	0.00	-19.76	-38.99	-10.11	5.93
Long-Term Debt to EBITDA	0.00	13.06	4.10	0.00	24.30	112.65	20.71	-12.85
Debt to NOPAT	0.00	-28.37	-23.52	0.00	126.09	-15.84	-24.89	-400.88
Net Debt to NOPAT	0.00	21.12	19.18	0.00	-102.52	5.48	12.15	185.05
Long-Term Debt to NOPAT	0.00	-28.37	-23.52	0.00	126.09	-15.84	-24.89	-400.88
Altman Z-Score	0.00	1.59	1.51	0.00	1.72	1.62	1.44	1.58
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	1.20	1.36	1.35	0.00	1.45	1.75	1.67	1.81
Quick Ratio	1.06	1.21	1.19	0.00	1.28	1.57	1.51	1.65
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-112	4.01	-21	117	-30	-45	-68	-143
Operating Cash Flow to CapEx	0.00%	217.19%	566.16%	134.63%	45.77%	-310.18%	305.00%	-331.97%
Free Cash Flow to Firm to Interest Expense	-77.39	7.05	-15.35	80.30	-20.88	-40.75	-36.08	-74.26
Operating Cash Flow to Interest Expense	0.00	15.12	18.52	4.75	1.25	-18.53	9.10	-6.31
Operating Cash Flow Less CapEx to Interest Expense	0.00	8.16	15.24	1.22	-1.49	-24.51	6.12	-8.21
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.35	1.29	0.00	1.32	1.24	1.26	1.36
Accounts Receivable Turnover	0.00	5.51	5.05	0.00	5.36	5.34	5.30	6.26
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	22.21	22.73	0.00	24.39	27.55	29.22	34.22
Accounts Payable Turnover	0.00	5.52	5.03	0.00	5.95	5.71	5.18	6.06
Days Sales Outstanding (DSO)	0.00	66.21	72.27	0.00	68.07	68.32	68.81	58.26
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	66.08	72.53	0.00	61.33	63.88	70.41	60.21
Cash Conversion Cycle (CCC)	0.00	0.13	-0.26	0.00	6.74	4.44	-1.60	-1.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	109	118	119	0.00	122	126	103	116
Invested Capital Turnover	0.00	7.56	8.44	0.00	8.83	9.05	14.18	21.75
Increase / (Decrease) in Invested Capital	109	-7.95	17	-116	31	39	65	138
Enterprise Value (EV)	121	146	116	0.00	152	170	75	95
Market Capitalization	239	243	220	248	248	252	190	203
Book Value per Share	$4.62	$4.42	$4.45	$0.00	$4.28	$4.06	$4.14	$4.04
Tangible Book Value per Share	$2.97	$2.75	$2.78	$0.00	$2.63	$2.38	$2.48	$2.44
Total Capital	240	347	350	0.00	336	444	454	461
Total Debt	13	131	127	0.00	118	236	236	236
Total Long-Term Debt	13	131	127	0.00	118	236	236	236
Net Debt	-118	-98	-104	0.00	-96	-82	-115	-109
Capital Expenditures (CapEx)	0.00	3.96	4.50	5.14	3.99	6.60	5.60	3.66
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-77	-67	-61	0.00	-48	-46	-72	-58
Debt-free Net Working Capital (DFNWC)	53	95	104	0.00	120	206	200	216
Net Working Capital (NWC)	53	95	104	0.00	120	206	200	216
Net Nonoperating Expense (NNE)	-9.19	-1.74	-2.30	0.37	0.37	-17	5.18	-0.33
Net Nonoperating Obligations (NNO)	-118	-98	-104	0.00	-96	-82	-115	-109
Total Depreciation and Amortization (D&A)	0.00	4.26	4.22	4.16	4.02	4.70	5.89	6.03
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-7.30%	-6.52%	0.00%	-5.12%	-4.79%	-7.27%	-5.65%
Debt-free Net Working Capital to Revenue	0.00%	10.30%	11.13%	0.00%	12.76%	21.33%	20.20%	21.13%
Net Working Capital to Revenue	0.00%	10.30%	11.13%	0.00%	12.76%	21.33%	20.20%	21.13%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.14	($0.04)	($0.04)	$0.00	$0.01	($0.11)	($0.15)	($0.08)
Adjusted Weighted Average Basic Shares Outstanding	49.33M	48.92M	50.90M	0.00	50.88M	51.44M	55.62M	55.23M
Adjusted Diluted Earnings per Share	$0.01	($0.04)	$0.01	$0.00	$0.01	($0.11)	($0.15)	($0.08)
Adjusted Weighted Average Diluted Shares Outstanding	53.91M	48.92M	56.97M	0.00	51.24M	51.44M	55.62M	55.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.65M	49.21M	49.05M	0.00	50.16M	51.15M	51.16M	52.56M
Normalized Net Operating Profit after Tax (NOPAT)	-2.49	-3.94	-4.35	1.83	1.83	-5.63	-2.57	-4.95
Normalized NOPAT Margin	-1.11%	-1.84%	-1.74%	0.80%	0.80%	-2.49%	-1.00%	-2.16%
Pre Tax Income Margin	3.54%	-1.61%	-0.81%	0.66%	0.66%	6.80%	-0.48%	-2.53%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.04	-9.89	-4.52	1.80	1.80	13.52	-1.96	-3.68
NOPAT to Interest Expense	-1.73	-6.92	-3.16	0.60	0.60	-5.10	-1.37	-2.57
EBIT Less CapEx to Interest Expense	0.00	-16.85	-7.79	-1.73	-0.94	7.54	-4.94	-5.58
NOPAT Less CapEx to Interest Expense	0.00	-13.89	-6.43	-2.93	-2.14	-11.07	-4.35	-4.47
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-499.57%	180.83%	440.21%	-5,252.83%	-326.94%	-132.88%	178.00%

Frequently Asked Questions About Outbrain's Financials

When does Outbrain's financial year end?

According to the most recent income statement we have on file, Outbrain's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Outbrain's net income changed over the last 3 years?

Outbrain's net income appears to be on an upward trend, with a most recent value of -$711 thousand in 2024, falling from $11.00 million in 2021. The previous period was $10.24 million in 2023. See where experts think Outbrain is headed by visiting Outbrain's forecast page.

What is Outbrain's operating income?

Outbrain's total operating income in 2024 was -$12.64 million, based on the following breakdown:

Total Gross Profit: $192.10 million
Total Operating Expenses: $204.74 million

How has Outbrain revenue changed over the last 3 years?

Over the last 3 years, Outbrain's total revenue changed from $1.02 billion in 2021 to $889.88 million in 2024, a change of -12.4%.

How much debt does Outbrain have?

Outbrain's total liabilities were at $317.87 million at the end of 2024, a 28.0% decrease from 2023, and a 41.0% decrease since 2021.

How much cash does Outbrain have?

In the past 3 years, Outbrain's cash and equivalents has ranged from $70.89 million in 2023 to $455.40 million in 2021, and is currently $89.09 million as of their latest financial filing in 2024.

How has Outbrain's book value per share changed over the last 3 years?

Over the last 3 years, Outbrain's book value per share changed from 4.63 in 2021 to 4.66 in 2024, a change of 0.7%.

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This page (NASDAQ:OB) was last updated on 5/25/2025 by MarketBeat.com Staff

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Outbrain (OB) Financials

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