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TEAD

Teads Holding Co.

TEAD

Teads Holding Co. • NASDAQ
$0.71 ▲ 0.03% (+0.00)
Market Cap $67.59 M
52w High $7.87
52w Low $0.60
Dividend Yield 0%
P/E -0.7
Volume 570.46K
Outstanding Shares 95.47M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $318.772M ▼ $111.371M ▼ $-19.69M ▼ -6.177% ▼ $-0.207 ▼ $10.223M ▼
Q2-2025 $343.096M ▲ $122.523M ▼ $-14.313M ▲ -4.172% ▲ $-0.15 ▲ $17.303M ▲
Q1-2025 $286.357M ▲ $127.086M ▲ $-54.843M ▼ -19.152% ▼ $-1.1 ▼ $-31.563M ▼
Q4-2024 $234.586M ▲ $53.527M ▲ $-167K ▼ -0.071% ▼ $-0.003 ▼ $9.042M ▼
Q3-2024 $224.177M $51.818M $6.696M 2.987% $0.13 $14.212M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $138.252M ▼ $1.712B ▼ $1.193B ▼ $519.335M ▼
Q2-2025 $166.142M ▲ $1.775B ▲ $1.243B ▲ $531.962M ▲
Q1-2025 $155.879M ▼ $1.688B ▲ $1.213B ▲ $474.665M ▲
Q4-2024 $166.129M ▲ $549.213M ▲ $317.87M ▲ $231.343M ▲
Q3-2024 $130.528M $530.131M $302.975M $227.156M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-19.69M ▼ $7.067M ▼ $3.489M ▲ $-30.996M ▼ $-18.698M ▼ $13.383M ▼
Q2-2025 $-14.313M ▲ $25.044M ▲ $-2.549M ▲ $-10.541M ▼ $12.158M ▼ $19.495M ▲
Q1-2025 $-54.843M ▼ $-966K ▼ $-546.32M ▼ $596.094M ▲ $48.751M ▲ $-6.586M ▼
Q4-2024 $-167K ▼ $42.663M ▲ $-8.416M ▼ $-808K ▲ $32.039M ▲ $37.63M ▲
Q3-2024 $6.696M $13.662M $76.328M $-110.409M $-17.993M $8.672M

Five-Year Company Overview

Income Statement

Income Statement Teads shows the profile of a mature, mid‑scale ad‑tech platform with thin but generally stable margins. Revenue climbed strongly around the IPO period and has drifted down slightly since, suggesting slower growth and some pressure on demand or pricing. Profitability has hovered right around breakeven: small profits in some years, small losses in others, with operating earnings only modestly positive or slightly negative. This points to a business that can almost fully cover its costs but has limited cushion if market conditions worsen. Overall, the income statement reflects a company investing to stay competitive, but not yet converting its technology and relationships into consistently strong profits.

Balance Sheet

Balance Sheet The balance sheet looks lean but not overextended. Asset levels swelled around the time of going public and have since come down as the company used cash and right‑sized its operations. Cash reserves are reasonable for day‑to‑day needs but no longer sit at the very elevated levels seen just after the listing, indicating less of a cash “war chest” than before. Debt built up in the early post‑IPO phase and has since been reduced to relatively modest levels, pointing to a more conservative capital structure. Shareholders’ equity has been fairly steady, suggesting no major balance‑sheet deterioration, but also no strong accumulation of retained earnings yet.

Cash Flow

Cash Flow Cash generation is a relative bright spot. The business has generally produced positive operating cash flow, even in years when accounting profits were close to zero, which indicates a solid underlying cash engine. Free cash flow has been mildly positive over the full span, with only brief periods of small outflows, showing that the company has usually been able to fund its own investments without heavy external financing. Capital spending is modest and fairly stable, so growth is not being driven by large, risky build‑outs. Overall, cash flow quality looks better than the headline earnings might suggest, though there is not a large surplus to absorb big shocks.

Competitive Edge

Competitive Edge Teads occupies a differentiated niche in digital advertising, focused on premium publishers and the “open internet” rather than the walled gardens of the largest tech platforms. Its long‑standing strength is in outstream video formats embedded in editorial content, plus strong direct relationships with high‑quality media owners, which give it access to attractive ad inventory that is hard to replicate. The platform leans heavily on contextual and privacy‑friendly targeting, positioning it well as third‑party cookies fade. At the same time, the company still competes with very large ad‑tech and media ecosystems, and its growth and margins remain tied to the cyclical nature of advertising budgets. The integration with Outbrain adds scale and reach, but also brings execution and integration risks that need to be managed carefully.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic focus. Teads has invested for years in AI‑driven tools that analyze content, predict ad performance, and increasingly generate creative variations, helping advertisers refine campaigns before they launch. Its Omnichannel Graph and contextual intelligence engine are central assets, allowing cross‑screen targeting without relying on third‑party cookies. The company is pushing into newer areas like connected TV, creative optimization via Teads Studio, and even monetization tools for conversational AI applications, which could open fresh growth avenues. It is also experimenting with sustainability metrics to measure and reduce the environmental impact of digital ads. These efforts suggest an R&D engine aimed at staying ahead of regulatory shifts and media consumption trends, though the commercial payoff will depend on adoption and execution.

Summary

Teads combines a solid technology platform and distinctive market position with only modest and sometimes inconsistent financial results so far. The business has scaled to a meaningful size and generally funds itself through operations, but revenue growth has cooled and profitability remains thin, leaving limited room for error. On the positive side, the balance sheet is not heavily leveraged, cash flow is reasonably dependable, and the company has clear strengths in contextual, privacy‑safe advertising and premium publisher relationships. The integration with Outbrain, expansion into connected TV, and moves into conversational AI and sustainability‑focused solutions create genuine long‑term opportunity. The main watch‑points are whether management can translate these strategic advantages into steadier growth, stronger margins, and a thicker financial cushion while navigating competitive pressure and ongoing changes in the digital ad landscape.

NEWS

November 6, 2025 · 6:31 AM UTC

Teads Appoints Mollie Spilman as Chief Commercial Officer

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November 6, 2025 · 6:30 AM UTC

Teads Holding Co. Announces Third Quarter 2025 Results

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October 29, 2025 · 8:00 AM UTC

Teads appoints Fernando Tassinari as Managing Director of LATAM to lead a new phase of regional growth and transformation

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October 23, 2025 · 4:05 PM UTC

Teads to Release Third Quarter 2025 Financial Results on November 6, 2025

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October 23, 2025 · 8:00 AM UTC

Teads Launches CTV Performance: A New Way to Optimize and Measure Real Outcomes from Connected TV

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