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TTGT

TechTarget, Inc.

TTGT

TechTarget, Inc. • NASDAQ
$5.23 ▲ 1.95% (+0.10)
Market Cap $377.19 M
52w High $33.08
52w Low $4.63
Dividend Yield 0%
P/E -0.36
Volume 162.29K
Outstanding Shares 72.12M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $274K ▼ $257.452M ▼ $-76.778M ▲ -28.021K% ▼ $-1.07 ▲ $-81.012M ▲
Q2-2025 $119.943M ▲ $479.068M ▼ $-398.662M ▲ -332.376% ▲ $-5.58 ▲ $-389.07M ▲
Q1-2025 $103.887M ▼ $552.631M ▲ $-523.388M ▼ -503.805% ▼ $-7.32 ▼ $-468.879M ▼
Q4-2024 $104.798M ▲ $130.618M ▲ $-55.435M ▼ -52.897% ▼ $-3.686 ▼ $-37.185M ▼
Q3-2024 $58.472M $38.299M $-1.716M -2.935% $-0.059 $6.73M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $46.301M ▼ $987.424M ▼ $389.492M ▼ $597.932M ▼
Q2-2025 $61.732M ▼ $1.097B ▼ $427.838M ▼ $668.681M ▼
Q1-2025 $78.656M ▼ $1.506B ▼ $449.705M ▼ $1.056B ▼
Q4-2024 $353.688M ▼ $2.266B ▲ $694.633M ▲ $1.572B ▲
Q3-2024 $355.829M $732.97M $483.494M $249.476M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-76.778M ▲ $-9.122M ▼ $-5.343M ▼ $-628K ▲ $-15.431M ▲ $-13.115M ▼
Q2-2025 $-398.662M ▲ $1.471M ▼ $-4.156M ▼ $-15M ▲ $-16.924M ▲ $1.42M ▼
Q1-2025 $-523.388M ▼ $12.235M ▲ $72.091M ▲ $-282.033M ▼ $-197.327M ▼ $7.822M ▲
Q4-2024 $-39.721M ▼ $-29.207M ▼ $-74.43M ▼ $358.622M ▲ $254.375M ▲ $-31.033M ▼
Q3-2024 $-17.43M $-4.58M $-1.281M $18.798M $13.472M $-5.861M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025
Advisory Services
Advisory Services
 $10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown over the five‑year period, though there was a soft patch a couple of years ago before recovering more recently. The bigger story is profitability: the business moved from being modestly profitable to roughly break‑even and then into a clear loss in the most recent year. Operating income, EBITDA, and net income all swung into negative territory, and earnings per share dropped sharply. This suggests meaningful margin pressure and likely higher costs tied to growth initiatives and the merger, but it also means current performance is well below the company’s earlier profit levels.

Balance Sheet

Balance Sheet The balance sheet has been reshaped. Total assets have expanded significantly, largely reflecting the recent combination with Informa Tech. Equity has risen a lot as well, which gives the company a stronger capital base than in the past. Debt has increased only slightly over time and looks manageable relative to the larger asset and equity base. Cash is healthy in absolute terms and not far from where it was in prior years, giving the company some flexibility, but the new, larger structure will also have higher ongoing needs.

Cash Flow

Cash Flow Historically, the company generated steady, positive cash from operations and free cash flow, even if not at very high levels. In the latest year, that pattern reversed: operating cash flow and free cash flow both turned negative, while spending on capital investments stayed modest and steady. This points to pressure from weaker profitability and possibly working capital swings. The current cash burn does not look extreme compared to the cash on hand, but it is a notable change in direction that raises the importance of seeing a return to positive cash generation post‑merger.

Competitive Edge

Competitive Edge TechTarget, now combined with Informa Tech’s digital assets, has a strong competitive position in B2B technology marketing. Its edge comes from proprietary first‑party intent data gathered across a large network of highly specialized technology sites and BrightTALK’s webinar platform. This data is deeply embedded in many customers’ marketing and sales workflows and integrates with major CRM and marketing tools, which raises switching costs. The merger greatly expanded its audience reach, content coverage, and customer base, reinforcing network effects and making it harder for smaller or newer competitors to match the breadth and depth of its data and services.

Innovation and R&D

Innovation and R&D Innovation is centered on its Priority Engine platform, which turns buyer behavior across its content network into actionable sales and marketing insights. The company keeps layering new capabilities on top of this data asset, such as modules focused on entire buying groups, strategic market monitoring tools, and deeper analytics. Integration with marketing systems and BrightTALK’s engagement data enhances the value of this ecosystem. Post‑merger, there is also a clear push to extend these data‑driven products into new vertical markets, which suggests ongoing investment in product development, data science, and platform enhancements rather than one‑off innovation.

Summary

TechTarget has transformed from a smaller, steadily cash‑generative niche player into a larger, more complex platform through its merger with Informa Tech’s digital businesses. Its strategic strengths are clear: powerful proprietary data, strong customer relationships, and a broadened global footprint with integrated marketing and sales solutions. At the same time, recent financials show the growing pains of this transition, with profits and cash flow under pressure despite higher revenue and a stronger balance sheet. The key questions going forward are whether the combined company can restore sustainable profitability, realize the targeted merger synergies, and fully monetize its expanded data and product portfolio while maintaining its competitive edge in a fast‑evolving B2B marketing landscape.

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