Teads Holding Co.

Listed Company

TEADCIK 0001454938NasdaqAcceleratedSmaller ReportingServices-Computer Programming, Data Processing, Etc.DelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.30B

Net Income

$-517.07M

Total Assets

$1.33B

Equity

$95.44M

Shares Out

95.98M

Op. Cash Flow

$7.61M

Business

Teads Holding Co. operates as a leading omnichannel advertising platform focused on driving measurable outcomes across the Open Internet. The company offers end-to-end advertising solutions including CPC and CPM buying platforms, managed and self-service interfaces, creative studio services, omnichannel measurement and AI-driven audience and contextual targeting. Its business comprises advertiser-facing solutions (strategic accounts, agency integrations, Teads Ad Manager) and media owner solutions (publisher and OEM partnerships, programmatic and direct inventory monetization). Teads distributes its platform globally across web, mobile, in‑app and connected TV channels via direct relationships with advertisers, agencies and media owners.

Summary from filing dated 2025-03-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	1,300	890	936	992	1,016
Traffic acquisition costs	771	654	708	757	744
Other cost of revenue	101	44	43	42	32
Total cost of revenue	871	698	751	799	775
Gross profit	429	192	185	193	240
Research and development	44	37	36	40	39
Sales and marketing	277	97	96	109	96
General and administrative	124	70	58	57	71
Impairment of intangible assets	16	0	0	—	—
Goodwill impairment	352	0	0	—	—
Restructuring charges	15	742,000	4	—	—
Total operating expenses	828	205	193	206	206
Loss from operations	−399	−13	−9	−14	35
Gain on repurchase of long-term debt	1	9	23	0	−42
Interest expense	−75	−4	−5	−8	—
Other (expense) income and interest income, net	−5	9	8	3	−3
Total other (expense) income, net	−79	14	25	−5	−49
(Loss) income before provision for income taxes	−478	2	16	−19	−15
Provision for income taxes	39	2	6	6	−26
Net (loss) income	−517	−711,000	10	−25	11
Basic (in shares)	91	49	51	56	35
Diluted (in shares)	91	53	57	56	54
Basic (in usd per share)	−5.69	−0.01	0.2	−0.44	0.31
Diluted (in usd per share)	−5.69	−0.11	−0.06	−0.44	0.2

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	128	89	71	106	455
Short-term investments in marketable securities	10	77	94	167	0
Accounts receivable, net of allowances	342	149	189	181	193
Prepaid expenses and other current assets	49	28	47	47	28
Total current assets	530	343	402	501	676
Property, equipment and capitalized software, net	51	45	42	40	28
Operating lease right-of-use assets, net	29	15	12	11	0
Intangible assets, net	377	17	20	25	6
Goodwill	281	63	63	63	33
Deferred tax assets	11	41	38	36	33
Indemnification asset	28	0	—	—	—
Other assets	22	25	21	28	20
TOTAL ASSETS	1,328	549	665	781	796
Accounts payable	259	207	151	148	161
Accrued compensation and benefits	40	19	19	20	23
Deferred revenue	15	7	8	7	5
Short-term debt	18	0	—	—	—
Accrued and other current liabilities	153	56	120	126	100
Total current liabilities	484	289	298	300	288
Long-term debt	605	0	118	236	236
Operating lease liabilities, non-current	22	12	9	8	0
Deferred tax liabilities	73	2	—	—	—
Contingent tax liabilities	35	9	—	—	—
Other liabilities	14	6	17	19	15
TOTAL LIABILITIES	1,233	318	442	563	539
Commitments and Contingencies (Note 11)	—	—	—	—	—
Common stock, par value of $0.001 per share - one billion shares authorized; 96,171,331 shares issued and 95,980,437 shares outstanding as of December 31, 2025; 63,503,274 shares issued and 50,090,114 shares outstanding as of December 31, 2024	96,000	64,000	62,000	60,000	58,000
Preferred stock, par value of $0.001 per share - 100,000,000 shares authorized, none issued and outstanding as of December 31, 2025 and December 31, 2024	0	0	0	0	0
Additional paid-in capital	686	485	469	456	435
Treasury stock, at cost - 190,894 shares as of December 31, 2025 and 13,413,160 shares as of December 31, 2024	−533,000	−74	−68	−49	−17
Accumulated other comprehensive income (loss)	97	−9	−9	−10	−4
Accumulated deficit	−687	−169	−169	−179	−157
TOTAL STOCKHOLDERS EQUITY	95	231	223	218	257
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	1,328	549	665	781	796

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization of property and equipment	9	6	7	11	7
Amortization of capitalized software development costs	9	10	10	10	8
Amortization of intangible assets	48	3	4	6	4
Amortization of discount on marketable securities	−959,000	−2	−4	−2	0
Stock-based compensation	14	15	12	12	26
Non-cash operating lease expense	11	5	4	4	0
Provision for credit losses	8	3	8	3	3
Amortization of debt issuance costs	17	0	0	—	—
Deferred income taxes	28	−5	−4	−4	−32
Impairment of goodwill and intangible assets	368	0	0	—	—
Unrealized foreign currency transaction losses (gains)	8	−2	−1	—	—
Other	33,000	2	583,000	−644,000	3
Accounts receivable	26	36	−13	5	−31
Prepaid expenses and other current assets	17	18	843,000	−18	−10
Accounts payable and other current liabilities	−22	−12	−1	8	36
Operating lease liabilities	−12	−5	−4	−4	0
Deferred revenue	633,000	−1	2	2	−667,000
Other non-current assets and liabilities	−3	6	5	−4	−10
Net cash provided by operating activities	8	69	14	4	57
Acquisition of a business, net of cash acquired	−598	−181,000	−389,000	−45	0
Purchases of property and equipment	−6	−7	−10	−13	−10
Capitalized software development costs	−17	−10	−10	−13	−10
Purchases of marketable securities	−24	−91	−132	−262	0
Proceeds from sales and maturities of marketable securities	90	175	222	16	0
Other	−56,000	−96,000	−72,000	−132,000	−47,000
Net cash (used in) provided by investing activities	−554	67	70	−318	−20
Proceeds from the Bridge Facility	625	0	0	0	0
Repayments of borrowings under the Bridge Facility	−625	0	0	0	0
Proceeds from senior secured notes	625	0	0	—	—
Partial repayment of long-term debt	−8	−110	−96	0	0
Payment of deferred financing costs	−31	−1	0	0	—
Payment of stock issuance costs	−775,000	0	0	0	−4
Treasury stock repurchases and share withholdings on vested awards	−646,000	−7	−19	−33	−14
Principal payments on finance lease obligations	0	−263,000	−2	−3	−4
Payment of contingent consideration liability up to acquisition-date fair value	0	0	−547,000	0	0
Proceeds from bank overdrafts, net	94,000	0	0	—	—
Net cash provided by (used in) financing activities	585	−118	−117	−32	326
Effect of exchange rate changes	1	634,000	−1	−4	−1
Net increase (decrease) in cash, cash equivalents and restricted cash	40	19	−35	−350	362
Cash paid for income taxes, net of refunds	24	10	9	7	7
Cash paid for interest	35	4	6	7	587,000
Operating lease right-of-use assets obtained in exchange for lease obligations	20	7	5	1	0
Acquisition consideration payable	0	0	181,000	1	0
Purchases of property and equipment included in accounts payable	3	3	1	3	15,000
Stock-based compensation capitalized for software development costs	700,000	600,000	600,000	900,000	200,000
Stock consideration issued for acquisition of a business	263	0	0	—	—
Unpaid deferred financing costs in accounts payable and accrued expenses	0	8	0	0	—

Filings

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