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Teads (TEAD) Financials

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$1.55 +0.01 (+0.65%)
As of 10/24/2025 04:00 PM Eastern
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Annual Income Statements for Teads

Annual Income Statements for Teads

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

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

Quarterly Income Statements for Teads

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

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

Annual Cash Flow Statements for Teads

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

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

Quarterly Cash Flow Statements for Teads

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

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

Annual Balance Sheets for Teads

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

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

Quarterly Balance Sheets for Teads

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

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

Annual Metrics And Ratios for Teads

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

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

Quarterly Metrics And Ratios for Teads

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

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

Financials Breakdown Chart

Key Financial Trends

Outbrain Inc. (NASDAQ: OB) has shown a mixed financial performance over the last four years based on the provided quarterly financial statements for cash flow, income, and balance sheet metrics.

Positive highlights:

  • Operating revenue has generally grown from about $225.8 million in Q1 2023 to over $249.9 million by Q4 2023, indicating strengthening sales momentum.
  • Gross profit margins have remained relatively stable, with gross profits around $44 million to $48 million per quarter, showing effective control over cost of revenue.
  • Net cash from continuing operating activities improved significantly to $42.7 million in Q4 2024 — well above earlier periods indicating stronger operating cash flow generation.
  • In several quarters, Outbrain generated positive net income or reduced losses, for example, a net income of $6.7 million in Q3 2024 compared to losses earlier in the year, showing signs of margin improvement and operational efficiency recovering.
  • The company maintains a solid asset base with total assets over $530 million (Q3 2024), supported by sizable accounts receivable and cash & equivalents, indicating liquidity strength.
  • Investments and sale/maturity of investments appear to be actively managed to support cash flow, with net investments fluctuating but contributing positively to investing activities at times.
  • Total equity improved to about $227 million in Q3 2024, suggesting strengthening shareholder value following previous declines.

Neutral observations:

  • Net income has been volatile, swinging from losses in some quarters (e.g., Q4 2024 loss of $167k) to profits or minor losses at other times, reflecting fluctuations in earnings quality.
  • Interest expense remains consistent, roughly between $569k and $1.4 million quarterly, offset by investment income in most periods, causing mixed impact on net income.
  • Share repurchases have been ongoing but at a controlled scale (several million USD quarterly), which may reflect balanced capital return strategy or share price management.

Negative aspects:

  • Outbrain experienced year-over-year net losses in multiple quarters, including a loss of approximately $7.7 million in Q4 2022 and recurring losses throughout 2023 and early 2024, which may concern profitability-focused investors.
  • Total liabilities remain high, exceeding $300 million in recent periods, largely driven by accrued expenses and accounts payable, which could pressure liquidity if not managed carefully.
  • There was a substantial net cash outflow from investing activities in some quarters (e.g., negative $84 million in Q4 2024), primarily due to purchases of investments and property, plant & equipment, which might restrict free cash flow in the short term.
  • Operating income has often been negative or marginal, demonstrating ongoing cost challenges or competitive pressures limiting operating profitability despite revenue gains.

Summary: Outbrain is showing signs of operational recovery and improving cash flow generation in recent quarters, supported by steady revenue growth and active investment management. However, profitability remains inconsistent with recurring net losses and substantial liabilities. Investors should monitor ongoing trends in operating efficiency, margin expansion, and debt management to assess the company's ability to sustain growth and move toward consistent profitability.

10/25/25 12:48 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Teads' Financials

When does Teads' financial year end?

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

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

Teads' 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 Teads is headed by visiting Teads' forecast page.

What is Teads' operating income?
Teads' 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 Teads' revenue changed over the last 3 years?

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

How much debt does Teads have?

Teads' 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 Teads have?

In the past 3 years, Teads' 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 Teads' book value per share changed over the last 3 years?

Over the last 3 years, Teads' 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:TEAD) was last updated on 10/25/2025 by MarketBeat.com Staff
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