NASDAQ : TTGT
TechTarget, Inc. — Financial statements
Technology · Information Technology Services · United States
Last price 3.89 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 281.37M
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Financial statements
TechTarget, Inc. (TTGT) reported revenue of 485.16M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 485.16M | 486.79M | 284.90M | 252.10M | 197.09M | 138.89M |
| Cost of Revenue | 197.90M | 193.53M | 107.26M | 98.83M | 72.31M | 55.96M |
| Gross Profit | 287.26M | 293.26M | 177.64M | 153.28M | 124.79M | 82.93M |
| Selling, General & Admin | 212.66M | 222.41M | 141.62M | 122.19M | 87.81M | 50.43M |
| Research & Development | 12.47M | 10.84M | 11.42M | 11.06M | 7.94M | 5.97M |
| Amortization of Goodwill & Intangibles | 88.22M | 89.84M | 48.02M | 42.15M | 21.55M | 8.29M |
| Operating Expenses | 315.79M | 325.47M | 202.67M | 176.29M | 117.92M | 65.10M |
| Operating Income | -28.53M | -32.21M | -25.03M | -23.02M | 6.87M | 17.84M |
| Interest Expense | -8.95M | -9.28M | -17.74M | -24.65M | -10.76M | -519.00K |
| Interest & Investment Income | 151.00K | 936.00K | 4.14M | 3.49M | 521.00K | 61.00K |
| Currency Exchange Gain (Loss) | -8.20M | -8.20M | 5.20M | -1.10M | ||
| Other Non Operating Income (Expenses) | 9.88M | 1.99M | 233.00K | 225.00K | 197.00K | -148.00K |
| EBT Excluding Unusual Items | -35.65M | -46.76M | -33.20M | -45.06M | -3.17M | 17.23M |
| Merger & Restructuring Charges | -61.05M | -61.22M | -48.26M | -6.07M | -9.79M | -1.95M |
| Impairment of Goodwill | -135.16M | -931.50M | -66.23M | -139.65M | ||
| Asset Writedown | -2.02M | -577.00K | -178.00K | |||
| Other Unusual Items | -2.28M | -2.25M | 20.32M | 123.94M | -8.00M | |
| Pretax Income | -232.37M | -1.04B | -129.40M | -67.40M | -21.14M | 15.28M |
| Income Tax Expense | -53.59M | -33.42M | -12.54M | -9.63M | -16.86M | -2.67M |
| Net Income | -178.77M | -1.01B | -116.86M | -57.78M | -4.29M | 17.94M |
| Net Income to Common | -178.77M | -1.01B | -116.86M | -57.78M | -4.29M | 17.94M |
| Shares Outstanding (Basic) | 72.14M | 71.73M | 44.05M | 41.65M | 41.65M | |
| Shares Outstanding (Diluted) | 72.14M | 71.73M | 44.05M | 41.65M | 41.65M | |
| EPS (Basic) | -2.48 | -14.06 | -2.65 | -1.39 | -0.10 | |
| EPS (Diluted) | -2.48 | -14.06 | -2.65 | -1.39 | -0.10 | |
| Free Cash Flow | 3.56M | 15.95M | -65.27M | -15.09M | 27.65M | 34.91M |
| Free Cash Flow Per Share | 0.05 | 0.22 | -1.48 | -0.36 | 0.66 | |
| Gross Margin | 59.21% | 60.24% | 62.35% | 60.80% | 63.31% | 59.71% |
| Operating Margin | -5.88% | -6.62% | -8.79% | -9.13% | 3.48% | 12.84% |
| Profit Margin | -36.85% | -207.13% | -41.02% | -22.92% | -2.17% | 12.92% |
| Free Cash Flow Margin | 0.73% | 3.28% | -22.91% | -5.99% | 14.03% | 25.13% |
| EBITDA | 75.83M | 72.82M | 25.19M | 20.08M | 29.03M | 26.53M |
| EBITDA Margin | 15.63% | 14.96% | 8.84% | 7.96% | 14.73% | 19.10% |
| D&A For EBITDA | 104.36M | 105.03M | 50.22M | 43.10M | 22.16M | 8.70M |
| EBIT | -28.53M | -32.21M | -25.03M | -23.02M | 6.87M | 17.84M |
| EBIT Margin | -5.88% | -6.62% | -8.79% | -9.13% | 3.48% | 12.84% |
| Advertising Expenses | 100.00K | 300.00K | 700.00K | 500.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 45.82M | 40.63M | 275.98M | 10.79M | 7.14M | |
| Short-Term Investments | 77.70M | |||||
| Cash & Short-Term Investments | 45.82M | 40.63M | 353.69M | 10.79M | 7.14M | |
| Accounts Receivable | 70.78M | 83.82M | 79.04M | 39.84M | 43.62M | |
| Other Receivables | 1.36M | 4.02M | 2.90M | 3.24M | 1.89M | |
| Receivables | 72.14M | 87.84M | 81.94M | 148.41M | 102.78M | |
| Prepaid Expenses | 26.20M | 26.92M | 19.99M | 7.22M | 6.27M | |
| Total Current Assets | 144.16M | 155.38M | 455.62M | 166.42M | 116.19M | |
| Property, Plant & Equipment | 18.73M | 5.48M | 20.53M | 8.40M | 7.41M | |
| Goodwill | 1.09M | 45.55M | 973.40M | 475.81M | 547.64M | |
| Other Intangible Assets | 684.52M | 725.52M | 808.73M | 276.54M | 303.57M | |
| Long-Term Deferred Tax Assets | 3.36M | 3.36M | 5.10M | 337.00K | 860.00K | |
| Other Long-Term Assets | 1.57M | 2.01M | 3.12M | |||
| Total Assets | 853.44M | 937.31M | 2.27B | 927.52M | 975.68M | |
| Accounts Payable | 18.01M | 21.16M | 10.64M | 5.05M | 8.07M | |
| Accrued Expenses | 32.97M | 41.61M | 47.42M | 18.77M | 46.65M | |
| Short-Term Debt | 415.69M | |||||
| Current Portion of Long-Term Debt | 503.26M | 392.85M | ||||
| Current Portion of Leases | 2.43M | 3.11M | 5.19M | 2.66M | 2.18M | |
| Current Income Taxes Payable | 3.66M | 4.35M | 6.70M | 243.00K | 2.49M | |
| Current Unearned Revenue | 62.52M | 50.53M | 44.83M | 27.15M | 26.05M | |
| Other Current Liabilities | 5.76M | 5.86M | 4.79M | 37.43M | ||
| Total Current Liabilities | 125.36M | 126.62M | 535.26M | 594.57M | 478.29M | |
| Long-Term Debt | 120.09M | 106.71M | 309.24M | 309.24M | ||
| Long-Term Leases | 9.14M | 1.43M | 15.11M | 3.01M | 3.94M | |
| Long-Term Deferred Tax Liabilities | 85.22M | 100.66M | 139.36M | 23.09M | 22.06M | |
| Other Long-Term Liabilities | 6.78M | 7.27M | 4.91M | 51.94M | 163.81M | |
| Total Liabilities | 346.59M | 342.69M | 694.63M | 981.85M | 977.35M | |
| Common Stock | 72.00K | 72.00K | 71.00K | -76.58M | -44.41M | |
| Additional Paid-In Capital | 1.65B | 1.65B | 1.63B | |||
| Retained Earnings | -1.18B | -1.08B | -75.94M | |||
| Treasury Stock | -715.00K | -689.00K | ||||
| Comprehensive Income & Other | 31.87M | 31.64M | 20.93M | 22.25M | 42.74M | |
| Shareholders' Equity | 506.86M | 594.62M | 1.57B | -54.34M | -1.67M | |
| Total Liabilities & Equity | 853.44M | 937.31M | 2.27B | 927.52M | 975.68M | |
| Total Debt | 131.66M | 111.25M | 435.98M | 818.17M | 708.21M | |
| Net Cash (Debt) | -85.84M | -70.63M | -82.30M | -807.38M | -701.07M | |
| Net Cash Per Share | -1.19 | -0.98 | -1.87 | -19.38 | -16.83 | |
| Filing Date Shares Outstanding | 72.33M | 72.29M | 71.49M | 28.55M | 41.65M | |
| Total Common Shares Outstanding | 72.33M | 72.29M | 71.46M | 28.42M | 41.65M | |
| Working Capital | 18.80M | 28.77M | -79.64M | -428.15M | -362.10M | |
| Book Value Per Share | 7.01 | 8.23 | 22.00 | -1.91 | ||
| Tangible Book Value | -178.75M | -176.46M | -210.28M | -806.69M | -852.88M | |
| Tangible Book Value Per Share | -2.47 | -2.44 | -2.94 | -28.39 | ||
| Land | 5.07M | 4.89M | 3.40M | 1.76M | ||
| Machinery | 2.73M | 2.82M | 1.53M | 983.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -178.77M | -1.01B | -116.86M | -57.78M | -4.29M | 17.94M |
| Depreciation & Amortization | 104.36M | 105.03M | 50.22M | 43.10M | 22.16M | 8.70M |
| Loss (Gain) From Sale of Assets | -47.00K | 373.00K | -107.00K | 2.00K | -11.00K | -19.00K |
| Asset Writedown & Restructuring Costs | 135.16M | 931.50M | 68.25M | 140.22M | 178.00K | |
| Stock-Based Compensation | 15.45M | 19.13M | 2.40M | 1.20M | 914.00K | 542.00K |
| Provision & Write-off of Bad Debts | 296.00K | 823.00K | 996.00K | -893.00K | -656.00K | -47.00K |
| Other Operating Activities | -26.82M | -25.69M | -40.80M | -133.65M | -11.52M | -1.44M |
| Change in Accounts Receivable | 7.13M | -3.70M | -2.82M | 7.53M | 209.00K | 11.37M |
| Change in Accounts Payable | 7.69M | 10.24M | -2.65M | -3.33M | 2.65M | 1.48M |
| Change in Unearned Revenue | 1.21M | 4.47M | 1.53M | -8.37M | -3.46M | -9.20M |
| Change in Income Taxes | -26.31M | 3.80M | 7.95M | 3.12M | 1.77M | |
| Change in Other Net Operating Assets | -33.42M | -21.33M | -32.96M | -3.66M | 20.11M | 5.88M |
| Operating Cash Flow | 5.93M | 16.34M | -64.85M | -12.51M | 28.06M | 35.21M |
| Capital Expenditures | -2.37M | -387.00K | -420.00K | -2.59M | -413.00K | -302.00K |
| Cash Acquisitions | -2.89M | -1.35M | -72.31M | -47.83M | -351.33M | -56.80M |
| Sale (Purchase) of Intangibles | -15.71M | -16.64M | -6.34M | -6.77M | -2.95M | -361.00K |
| Investment in Securities | 76.50M | -289.00K | ||||
| Investing Cash Flow | -20.97M | 58.13M | -79.36M | -57.19M | -354.70M | -57.46M |
| Long-Term Debt Issued | 135.00M | 250.21M | 59.24M | |||
| Short-Term Debt Repaid | -417.03M | |||||
| Long-Term Debt Repaid | -28.29M | -213.00K | -43.30M | -2.55M | ||
| Total Debt Repaid | -13.29M | -445.32M | -213.00K | -43.30M | -2.55M | |
| Net Debt Issued (Repaid) | 91.00K | -310.32M | -213.00K | 206.91M | 56.69M | |
| Issuance of Common Stock | 114.00K | 351.57M | ||||
| Repurchase of Common Stock | -715.00K | -689.00K | ||||
| Other Financing Activities | -246.00K | 58.27M | 73.43M | 123.41M | -33.48M | |
| Financing Cash Flow | -756.00K | -311.01M | 409.63M | 73.43M | 330.31M | 23.21M |
| Foreign Exchange Rate Adjustments | -119.00K | 1.18M | -222.00K | -86.00K | -202.00K | -192.00K |
| Net Cash Flow | -15.91M | -235.36M | 265.19M | 3.65M | 3.48M | 767.00K |
| Free Cash Flow | 3.56M | 15.95M | -65.27M | -15.09M | 27.65M | 34.91M |
| Free Cash Flow Margin | 0.73% | 3.28% | -22.91% | -5.99% | 14.03% | 25.13% |
| Free Cash Flow Per Share | 0.05 | 0.22 | -1.48 | -0.36 | 0.66 | |
| Levered Free Cash Flow | 39.67M | 77.50M | 98.56M | -36.05M | ||
| Unlevered Free Cash Flow | 45.26M | 83.30M | 109.65M | -20.64M | ||
| Cash Interest Paid | 8.40M | 8.85M | 19.01M | 25.19M | 80.00K | 201.00K |
| Cash Income Tax Paid | 1.34M | 1.63M | 3.04M | 4.29M | 4.25M | |
| Change in Working Capital | -43.70M | -6.52M | -28.95M | -4.70M | 21.27M | 9.54M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 261.84M | 389.65M | 1.42B | 1.45B | 1.84B | 3.98B |
| Enterprise Value | 347.69M | 479.73M | 1.95B | |||
| Last Close Price | 3.53 | 5.40 | 19.82 | 34.86 | 44.06 | 95.66 |
| PE Ratio | 222.06 | |||||
| Forward PE | 11.99 | 11.99 | 22.94 | 19.68 | 38.70 | |
| PS Ratio | 0.53 | 0.80 | 4.97 | 5.76 | 9.31 | 28.69 |
| PB Ratio | 0.50 | 0.66 | 0.90 | -26.72 | -1,098.90 | |
| P/FCF Ratio | 71.80 | 24.43 | 66.38 | 114.14 | ||
| P/OCF Ratio | 43.06 | 23.85 | 65.40 | 113.16 | ||
| EV/Sales Ratio | 0.70 | 0.98 | 6.84 | |||
| EV/EBITDA Ratio | 4.50 | 6.59 | 77.39 | |||
| EV/FCF Ratio | 95.94 | 30.08 | ||||
| Debt / Equity Ratio | 0.26 | 0.19 | 0.28 | -15.06 | -424.08 | |
| Debt / EBITDA Ratio | 1.46 | 1.27 | 13.89 | 30.44 | 22.25 | |
| Debt / FCF Ratio | 37.02 | 6.97 | 25.62 | |||
| Net Debt / Equity Ratio | 0.17 | 0.12 | 0.05 | -14.86 | -419.80 | |
| Net Debt / EBITDA Ratio | 1.13 | 0.97 | 3.27 | 40.21 | 24.15 | |
| Net Debt / FCF Ratio | 24.14 | 4.43 | -1.26 | -53.49 | 25.36 | |
| Asset Turnover | 0.50 | 0.30 | 0.18 | 0.27 | ||
| Quick Ratio | 0.94 | 1.01 | 0.81 | 0.09 | 0.11 | |
| Current Ratio | 1.15 | 1.23 | 0.85 | 0.28 | 0.24 | |
| Return on Equity (ROE) | -30.41% | -93.08% | -15.40% | |||
| Return on Assets (ROA) | -1.83% | -1.26% | -0.98% | -1.51% | ||
| Return on Capital Employed (ROCE) | -3.90% | -4.00% | -1.40% | -6.90% | 1.40% | |
| Earnings Yield | -68.54% | -258.77% | -8.25% | -3.98% | -0.23% | 0.45% |
| FCF Yield | 1.39% | 4.09% | -4.61% | -1.04% | 1.51% | 0.88% |
| Buyback Yield / Dilution | -22.34% | -62.81% | -5.77% |