← Teads Holding Co.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net Income From Continuing Operations | — | $4.4m | $11.0m | ($24.6m) | $10.2m | ($711k) | ($517.1m) | ($529.2m) | |
| Depreciation and amortization | — | — | — | $26.9m | $20.7m | $19.5m | $18.5m | $70.5m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | $0 | $16.6m | — | |
| Amortization of Debt Issuance Costs and Discounts | — | $0 | $42.0m | $0 | — | — | — | — | |
| Amortization of Intangible Assets | $4.0m | $4.3m | $3.5m | $6.3m | $4.2m | $3.4m | $48.2m | — | |
| Capitalized Computer Software, Amortization | — | $7.5m | $8.4m | $9.5m | $9.6m | $9.8m | $9.3m | — | |
| Depreciation | $6.2m | $6.6m | $7.5m | $11.1m | $6.9m | $6.3m | $9.2m | $8.4m | |
| Amortization of capitalized software development costs | $6.5m | $7.5m | $8.4m | $9.5m | $9.6m | $9.8m | $9.3m | — | |
| Amortization of discount on marketable securities | — | — | $0 | ($2.0m) | ($3.6m) | ($2.2m) | ($959k) | — | |
| Amortization Cash Flow | — | — | — | $15.8m | $13.8m | $13.2m | $57.5m | — | |
| Amortization Of Intangibles | — | — | — | $15.8m | $13.8m | $13.2m | $57.5m | $62.1m | |
| Amortization Of Securities | — | — | — | ($2.0m) | ($3.6m) | ($2.2m) | ($959k) | ($524k) | |
| Depreciation Amortization Depletion | — | — | — | $26.9m | $20.7m | $19.5m | $66.7m | $70.5m | |
| Deferred Income Tax Expense (Benefit) | ($141k) | ($2.3m) | ($31.8m) | ($3.9m) | ($4.3m) | ($5.1m) | $27.6m | $54.8m | |
| Deferred Tax | — | — | — | ($3.9m) | ($4.3m) | ($5.1m) | $27.6m | $54.8m | |
| Share-based Payment Arrangement, Noncash Expense | — | $3.6m | $26.3m | $11.7m | $12.1m | $15.5m | $13.7m | $11.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $280k | $14.2m | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | — | $3.6m | $26.3m | $11.7m | $12.1m | $15.5m | $13.7m | $11.4m | |
| Stock-based compensation | $3.9m | $3.6m | $26.3m | $11.7m | $12.1m | $15.5m | $13.7m | $11.4m | |
| Stock-based compensation capitalized for software development costs | $242k | $212k | $195k | $883k | $555k | $553k | $665k | $11.4m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | $367.7m | — | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $352.1m | $352.1m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | $15.6m | — | |
| Impairment of Intangible Assets, Finite-lived | — | $0 | $0 | $0 | $0 | $0 | $15.1m | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | $99k | — | |
| Impairment of goodwill and intangible assets | — | — | — | — | — | $0 | $367.7m | — | |
| Asset Impairment Charge | — | — | — | — | $0 | $0 | $367.7m | $352.1m | |
| Nonoperating Income (Expense) | — | ($2.5m) | ($49.1m) | ($5.0m) | $25.0m | $14.3m | ($78.7m) | — | |
| Changes in operating assets and liabilities: | |||||||||
| Change In Working Capital | — | — | — | ($11.3m) | ($10.6m) | $42.3m | $7.1m | ($36.1m) | |
| Increase (Decrease) in Accounts Receivable | — | $24.1m | $31.5m | ($5.3m) | $12.9m | ($35.9m) | ($25.9m) | $39.2m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $2.7m | $2.6m | $3.2m | $8.2m | $2.4m | $14.3m | $39.2m | |
| Accounts receivable | $4.8m | ($24.1m) | ($31.5m) | $5.3m | ($12.9m) | $35.9m | $25.9m | $39.2m | |
| Change In Receivables | — | — | — | $5.3m | ($12.9m) | $35.9m | $25.9m | $39.2m | |
| Changes In Account Receivables | — | — | — | $5.3m | ($12.9m) | $35.9m | $25.9m | $39.2m | |
| Increase (Decrease) in Accounts Payable | — | $31.4m | $43.0m | — | — | — | — | ($78.1m) | |
| Accounts payable and other current liabilities | — | $55.5m | $36.1m | $8.0m | ($1.2m) | ($11.7m) | ($22.0m) | ($78.1m) | |
| Unpaid deferred financing costs in accounts payable and accrued expenses | $0 | $0 | $28k | $0 | $0 | $7.6m | $0 | — | |
| Purchases of property and equipment, accrued but unpaid | — | $1.5m | $9.7m | $13.4m | $10.1m | $7.4m | $5.6m | ($23.8m) | |
| Deferred revenue | $1.0m | $2.2m | ($667k) | $2.2m | $1.6m | ($1.5m) | $633k | — | |
| Gain (Loss) on Disposition of Other Assets | — | $1.1m | ($5k) | — | — | — | — | — | |
| Other | ($122k) | ($39k) | ($47k) | ($132k) | ($72k) | ($96k) | ($56k) | — | |
| Prepaid expenses and other current assets | $1.0m | ($3.7m) | ($10.0m) | ($20.4m) | $843k | $18.4m | $17.3m | — | |
| Restricted cash, included in other assets | $389k | $426k | $195k | $185k | $190k | $631k | $1.5m | — | |
| Change In Other Current Liabilities | — | — | — | ($4.2m) | ($4.3m) | ($5.1m) | ($11.7m) | ($12.9m) | |
| Net Cash Provided by (Used in) Operating Activities | $16.7m |
$53.0m
+216.52%
|
$56.8m
+7.13%
|
$3.8m
-93.28%
|
$13.7m
+260.50%
|
$68.6m
+398.77%
|
$7.6m
-88.91%
|
($42.2m)
-654.61%
|
|
| Cash flows from investing activities: | |||||||||
| Payments to Acquire Property, Plant, and Equipment | $142k | $1.5m | $9.7m | $13.4m | $10.1m | $7.4m | $5.6m | ($23.8m) | |
| Capital Expenditure Reported | — | — | — | ($12.6m) | ($10.1m) | ($9.9m) | ($17.1m) | ($23.8m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | $500k | $400k | $100k | — | |
| Purchases of marketable securities | — | $0 | $0 | ($262.2m) | ($131.5m) | ($90.6m) | ($23.5m) | — | |
| Proceeds from sales and maturities of marketable securities | — | $0 | $0 | $15.5m | $221.9m | $175.3m | $90.5m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $45.2m | $389k | $181k | $598.3m | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | $39k | $47k | $132k | $72k | $96k | $56k | — | |
| Net cash (used in) provided by investing activities | ($7.6m) | ($9.4m) | ($20.1m) | ($317.9m) | $69.6m | $67.2m | ($554.2m) | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($9.4m) | ($20.1m) | ($317.9m) | $69.6m | $67.2m | ($554.2m) | ($9.4m) | |
| Cash flows from financing activities: | |||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | $22.6m | $8.8m | — | — | |
| Repayments of borrowings under the Bridge Facility | $0 | ($10.0m) | $0 | $0 | — | $0 | ($625.0m) | — | |
| Issuance Of Debt | — | — | — | $0 | $0 | $0 | $1.3b | ($625.0m) | |
| Long Term Debt Issuance | — | — | — | $0 | $0 | $0 | $625.3m | ($625.0m) | |
| Net Issuance Payments Of Debt | — | — | — | ($3.2m) | ($98.0m) | ($110.0m) | $617.7m | ($10.2m) | |
| Net Long Term Debt Issuance | — | — | — | ($3.2m) | ($1.8m) | ($263k) | $305k | ($617.3m) | |
| Net Short Term Debt Issuance | — | — | — | $0 | ($96.2m) | ($109.7m) | $617.4m | $607.1m | |
| Short Term Debt Issuance | — | — | $0 | — | $0 | $0 | $625.1m | $20k | |
| Repayments of Long-term Debt | — | — | — | — | $96.2m | $109.7m | $7.7m | $7.7m | |
| Gain on repurchase of long-term debt | — | — | — | — | — | ($8.8m) | ($1.2m) | — | |
| Partial repayment of long-term debt | — | — | $0 | $0 | ($96.2m) | ($109.7m) | ($7.7m) | — | |
| Long Term Debt Payments | — | — | — | ($3.2m) | ($1.8m) | ($263k) | ($625.0m) | $7.7m | |
| Repayment Of Debt | — | — | — | ($3.2m) | ($98.0m) | ($110.0m) | ($632.7m) | $7.7m | |
| Short Term Debt Payments | — | — | — | $0 | ($96.2m) | ($109.7m) | ($7.7m) | $617.3m | |
| Issuance Of Capital Stock | — | — | $148.8m | $0 | $0 | — | — | — | |
| Repurchase Of Capital Stock | — | — | — | ($32.7m) | ($18.5m) | ($6.6m) | ($646k) | ($206k) | |
| Common Stock Issuance | — | — | $148.8m | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | ($32.7m) | ($18.5m) | ($6.6m) | ($646k) | ($206k) | |
| Payments for Repurchase of Common Stock | — | — | — | $32.7m | $18.5m | $6.6m | $646k | — | |
| Common Stock Payments | — | — | — | ($32.7m) | ($18.5m) | ($6.6m) | ($646k) | ($206k) | |
| Net Other Financing Charges | — | — | ($10.4m) | — | ($547k) | ($1.1m) | ($31.0m) | ($156k) | |
| Net Cash Provided by (Used in) Financing Activities | ($3.7m) |
($4.2m)
-15.55%
|
$325.9m
+7807.99%
|
($31.7m)
-109.73%
|
($117.1m)
-269.31%
|
($117.7m)
-0.54%
|
$585.3m
+597.30%
|
($11.3m)
-101.93%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | $5.6m | $44.1m | $361.5m | ($349.8m) | ($34.7m) | $18.6m | $40.0m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $44.1m | $361.5m | ($349.8m) | ($34.7m) | $18.6m | $40.0m | $87.7m | |
| Beginning Cash Position | — | — | — | $455.6m | $105.8m | $71.1m | $89.7m | $150.6m | |
| Cash, cash equivalents and restricted cash — Beginning | $50.0m | $94.1m | $455.6m | $105.8m | $71.1m | $89.7m | $129.7m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $4.8m | ($1.0m) | ($4.0m) | ($1.0m) | $634k | $1.2m | $1.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $94.1m | $455.6m | $105.8m | $71.1m | $89.7m | $129.7m | $87.7m | |
| Effect of exchange rate changes | $64k | $4.8m | ($1.0m) | ($4.0m) | ($1.0m) | $634k | $1.2m | $1.3m | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Income Tax Expense (Benefit) | — | $3.3m | ($25.5m) | $6.0m | $6.1m | $2.4m | $39.4m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | $3.6m | $75.1m | — | |
| Operating Lease, Expense | — | — | — | $4.3m | $4.5m | $5.1m | $11.2m | — | |
| Operating lease liabilities | — | $0 | $0 | ($4.2m) | ($4.3m) | ($5.1m) | ($11.7m) | — | |
| Operating lease right-of-use assets obtained in exchange for lease obligations | — | — | $0 | $1.2m | $5.1m | $6.9m | $20.0m | — | |
| Noncash investing and financing activities: | |||||||||
| Additional Financial Items | |||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($3.1m) | ($3.3m) | ($2.1m) | — | $900k | ($10.5m) | — | |
| General and Administrative Expense | — | $48.4m | $70.7m | $57.1m | $58.7m | $70.2m | $124.1m | — | |
| Goodwill | — | $32.9m | $32.9m | $63.1m | $63.1m | $63.1m | $281.0m | $352.1m | |
| Operating Expenses | — | $154.9m | $205.7m | $206.2m | $193.4m | $204.7m | $828.1m | — | |
| Payments of Financing Costs | — | $0 | $6.7m | $0 | $0 | — | — | — | |
| Provision for Loan, Lease, and Other Losses | — | $2.6m | $2.6m | $3.3m | $8.0m | $3.0m | $7.8m | — | |
| Unrealized Gain (Loss) on Derivatives | — | $400k | $200k | — | — | — | — | — | |
| Net (loss) income | ($20.5m) | $4.4m | $11.0m | ($24.6m) | $10.2m | ($711k) | ($517.1m) | — | |
| Provision for credit losses | $3.2m | $2.6m | $2.6m | $3.3m | $8.0m | $3.0m | $7.8m | — | |
| Unrealized foreign currency transaction losses (gains) | — | — | — | — | — | ($2.1m) | $8.3m | — | |
| Other non-current assets and liabilities | ($115k) | $610k | $728k | ($4.1m) | $5.4m | $6.2m | ($3.1m) | — | |
| Capitalized software development costs | ($7.9m) | ($9.0m) | ($10.3m) | ($12.6m) | ($10.1m) | ($9.9m) | ($17.1m) | — | |
| Proceeds from the Bridge Facility | $0 | $10.0m | $0 | $0 | — | $0 | $625.0m | — | |
| Proceeds from senior secured notes | — | — | — | — | — | $0 | $625.3m | — | |
| Payment of deferred financing costs | $0 | $0 | ($6.7m) | $0 | $0 | ($1.1m) | ($31.0m) | — | |
| Payment of stock issuance costs | $0 | $0 | ($3.7m) | $0 | $0 | $0 | ($775k) | — | |
| Treasury stock repurchases and share withholdings on vested awards | — | ($280k) | ($14.2m) | ($32.7m) | ($18.5m) | ($6.6m) | ($646k) | — | |
| Principal payments on finance lease obligations | ($4.5m) | ($4.8m) | ($4.3m) | ($3.2m) | ($1.8m) | ($263k) | $0 | — | |
| Payment of contingent consideration liability up to acquisition-date fair value | — | — | $0 | $0 | ($547k) | $0 | $0 | — | |
| Proceeds from bank overdrafts, net | — | — | — | — | — | $0 | $94k | — | |
| Acquisition consideration payable | — | $0 | $0 | $1.5m | $181k | $0 | $0 | — | |
| Stock consideration issued for acquisition of a business | — | $0 | $0 | $4.2m | $0 | $0 | $262.9m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($31.7m) | ($117.1m) | ($117.7m) | $585.3m | ($11.3m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($317.9m) | $69.6m | $67.2m | ($554.2m) | ($9.4m) | |
| Change In Account Payable | — | — | — | $8.0m | ($1.2m) | ($11.7m) | ($22.0m) | ($78.1m) | |
| Change In Other Working Capital | — | — | — | ($1.9m) | $7.1m | $4.7m | ($2.5m) | ($4.9m) | |
| Change In Payable | — | — | — | $8.0m | ($1.2m) | ($11.7m) | ($22.0m) | ($78.1m) | |
| Change In Prepaid Assets | — | — | — | ($18.4m) | $843k | $18.4m | $17.3m | $20.6m | |
| Changes In Cash | — | — | — | ($345.8m) | ($33.7m) | $18.0m | $38.8m | ($62.9m) | |
| End Cash Position | — | — | — | $105.8m | $71.1m | $89.7m | $129.7m | $87.7m | |
| Financing Cash Flow | — | — | — | ($31.7m) |
($117.1m)
-269.31%
|
($117.7m)
-0.54%
|
$585.3m
+597.30%
|
($11.3m)
-101.93%
|
|
| Free Cash Flow | — | — | — | ($22.1m) | ($6.5m) | $51.3m | ($15.2m) | ($66.0m) | |
| Investing Cash Flow | — | — | — | ($317.9m) | $69.6m | $67.2m | ($554.2m) | ($9.4m) | |
| Net Business Purchase And Sale | — | — | — | ($45.2m) | ($389k) | ($181k) | ($598.3m) | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | ($1.3m) | ($2.1m) | $8.3m | $6.3m | |
| Net PPE Purchase And Sale | — | — | — | ($13.4m) | ($10.1m) | ($7.4m) | ($5.6m) | ($3.4m) | |
| Operating Gains Losses | — | — | $5k | — | ($1.3m) | ($2.1m) | $8.3m | $7.6m | |
| Other Non Cash Items | — | — | — | $3.7m | ($17.6m) | ($1.5m) | $26.7m | — | |
| Proceeds From Stock Option Exercised | — | — | — | $4.2m | $0 | $0 | ($775k) | ($775k) | |
| Provisionand Write Offof Assets | — | — | — | $3.3m | $8.0m | $3.0m | $7.8m | $11.1m | |
| Purchase Of Business | — | — | — | ($45.2m) | ($389k) | ($181k) | ($598.3m) | $0 | |
| Purchase Of PPE | — | — | — | ($13.4m) | ($10.1m) | ($7.4m) | ($5.6m) | ($23.8m) | |
| Acquisition of a business, net of cash acquired | — | $0 | $0 | ($45.2m) | ($389k) | ($181k) | ($598.3m) | — | |
| Net Investment Purchase And Sale | — | — | — | ($246.7m) | $90.3m | $84.7m | $66.9m | $14.0m | |
| Purchase Of Investment | — | — | — | ($262.2m) | ($131.5m) | ($90.6m) | ($23.5m) | ($20.0m) | |
| Sale Of Investment | — | — | — | $15.5m | $221.9m | $175.3m | $90.5m | $34.0m | |
| Cash and cash equivalents | $49.6m | $93.6m | $455.4m | $105.6m | $70.9m | $89.1m | $128.2m | $150.6m | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | ($349.8m) | ($34.7m) | $18.6m | $40.0m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $548k | $760k | $587k | $7.5m | $6.0m | $4.3m | $35.0m | — | |
| Income Taxes Paid, Net | $5.5m | $2.6m | $6.7m | $6.9m | $8.6m | $10.3m | $23.8m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.