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Teads Holding Co. key statistics and ratios

In fiscal 2025, Teads Holding Co. had an operating margin of -30.7%, debt equal to 658.3% of equity and a current ratio of 1.10. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Gross margin20.6%21.5%23.7%19.4%19.7%21.6%33.0%33.2%
Operating margin−2.1%1.3%3.4%−1.4%−0.9%−1.4%−30.7%−31.9%
Net margin−3.0%0.6%1.1%−2.5%1.1%−0.1%−39.8%−43.3%
Free-cash-flow margin2.1%6.7%4.6%−1.0%0.4%6.9%0.2%−3.7%
Return on equity——12.4%−10.4%4.6%−0.3%——
Return on assets—1.2%1.9%−3.1%1.4%−0.1%−55.1%−42.5%
Asset turnover—2.151.761.261.291.471.390.98
Current ratio—1.082.341.671.351.191.100.98
Debt to equity——91.9%108.4%52.9%0.0%658.3%>999%
Interest cover (operating income ÷ interest)n/m12.2x8.7xn/mn/mn/mn/mn/m
Effective tax rate—43.0%——37.4%———
R&D as % of revenue3.8%3.8%3.9%4.1%3.8%4.2%3.3%3.1%
Capital spending as % of revenue0.4%0.2%1.0%1.3%1.1%0.8%0.4%0.3%
Free cash flow ÷ net income—>999%427.6%—35.3%———
Dividends and buybacks ÷ free cash flow—0.5%30.1%—511.8%10.8%32.3%—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 7 checks passed · June 30, 2026
What it owns · $1.2bn
Short-term assets $406mLonger-term assets $756m
What it owes, and who funded it · $1.2bn
Short-term liabilities $413mLonger-term liabilities $742mShareholders' equity $7m
  • Short-term assets cover short-term liabilities $406m of assets due within a year against $413m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $406m short-term assets against $742m of longer-dated liabilities.
  • More cash than debt $88m of cash against $614m of debt.
  • Debt below 40% of shareholders' equity Debt is 8357% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 92% to 8357% over five years.
  • A year's operating cash flow covers at least 20% of debt −$42m of operating cash flow against $614m of debt.
  • Operating profit covers interest at least five times over Operating income of −$390m against $69m of interest.

From Teads Holding Co.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

16 /100

Weak moat

How hard Teads Holding's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Cash operating profit has been a median 2.7% of total assets over 5 years.

  • Pricing power 6 / 20

    Gross margin has been a median 22.8%, moving by 5.0 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -1.7%; its worst year was -31.9%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 4 of 6 years, at a median 2.6% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (31 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: DV vs TEADTBLA vs TEADMGNI vs TEADSTGW vs TEAD

More: Advertising stocks compared, Communication Services sector, rankings of US companies

Figures from Teads Holding Co.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Teads Holding Co.