Teads Holding Co. income statement
In fiscal 2025, Teads Holding Co. reported revenue of $1.30bn, up 46.1% on the year before, operating income of −$399m (a -30.7% margin) and net income of −$517m, or −$5.69 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 687 | 767 | 1,016 | 992 | 936 | 890 | 1,300 | 1,222 |
| Cost of revenue | 546 | 602 | 775 | 799 | 751 | 698 | 871 | 816 |
| Gross profit | 142 | 165 | 240 | 193 | 185 | 192 | 429 | 405 |
| Research and development | 26 | 29 | 39 | 40 | 36 | 37 | 44 | 38 |
| Selling and marketing | 79 | 78 | 96 | 109 | 96 | 97 | 277 | 281 |
| General and administrative | 51 | 48 | 71 | 57 | 58 | 70 | 124 | 115 |
| Operating income | −15 | 10 | 35 | −14 | −9 | −13 | −399 | −390 |
| Interest expense | 1 | 1 | 4 | 8 | 5 | 4 | 75 | 69 |
| Provision for credit losses | 3 | 3 | 3 | 3 | 8 | 3 | 8 | 11 |
| Income before tax | −15 | 8 | −15 | −19 | 16 | 2 | −478 | −465 |
| Income tax | 5 | 3 | −26 | 6 | 6 | 2 | 39 | 65 |
| Net income | −21 | 4 | 11 | −25 | 10 | −1 | −517 | −529 |
| Diluted EPS | −$1.34 | $0.08 | $0.20 | −$0.44 | −$0.06 | −$0.11 | −$5.69 | −$5.50 |
| Diluted shares (average) | 15m | 20m | 54m | 56m | 57m | 53m | 91m | 96m |
| EBITDA | −8 | 17 | 42 | −2 | −2 | −6 | −390 | −381 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 224 | 235 | 286 | 343 | 319 | 352 | 266 | 285 |
| Cost of revenue | 175 | 179 | 204 | 223 | 213 | 232 | 182 | 189 |
| Gross profit | 49 | 56 | 83 | 120 | 106 | 120 | 84 | 96 |
| Research and development | 9 | 9 | 14 | 13 | 11 | 6 | 11 | 11 |
| Selling and marketing | 23 | 26 | 54 | 80 | 69 | 75 | 66 | 70 |
| General and administrative | 20 | 18 | 36 | 28 | 32 | 28 | 27 | 28 |
| Operating income | −3 | 3 | −44 | −2 | −6 | −346 | −22 | −16 |
| Interest expense | 1 | 1 | 23 | 18 | 17 | 17 | 17 | 17 |
| Provision for credit losses | 1 | 0 | 0 | 1 | 4 | 2 | 2 | 3 |
| Income before tax | 8 | 3 | −68 | −20 | −24 | −365 | −40 | −35 |
| Income tax | 1 | 4 | −13 | −6 | −5 | 63 | −1 | 7 |
| Net income | 7 | −0 | −55 | −14 | −20 | −428 | −39 | −42 |
| Diluted EPS | $0.01 | −$0.01 | −$0.70 | −$0.15 | −$0.21 | −$4.69 | −$0.40 | −$0.44 |
| EBITDA | −1 | 4 | −43 | 1 | −4 | −344 | −20 | −14 |
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