TEAD Teads Holding Co.

Overview and Growth

Teads Holding Co. generated $1.30B of revenue in fiscal 2025, with net loss of $517.07M and an operating cash inflow of $7.61M. Revenue of $1.30B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $889.88M in fiscal 2024, revenue recorded a 46.1% year-over-year increase. The company reported diluted EPS of -$5.69, adding a shareholder-level measure to the absolute income figures considered below. Revenue equaled 0.98x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $429.05M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 33.0% of revenue, showing how much of the top line remained after direct costs. The company recorded an operating loss of $399.02M after the reported operating expense base. Relative to revenue, the operating deficit measured 30.7%, showing the shortfall after operating costs. The company ended the period with a net loss of $517.07M, extending the operating result through all remaining items. The net loss equaled 39.8% of revenue, showing the bottom-line deficit relative to the company’s sales base. The pretax result was a loss of $477.68M, establishing the deficit before tax effects. The pretax loss equaled 36.7% of revenue, measuring the pre-tax deficit against sales. Income tax expense totaled $39.39M, providing the reported tax component that separates pretax and after-tax earnings. Relative to period-end equity, the net loss represented 541.8%. The loss-to-assets relationship was 38.9%, placing the bottom-line deficit against the company’s resource base.

Liquidity and Capital Structure

The company held $1.33B of assets against $1.23B of liabilities and $95.44M of equity, revealing how the asset base was financed. At period end, current assets of $530.40M compared with current liabilities of $484.06M, defining the company’s short-term resource position. At 1.1x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $128.22M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 26.5% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $622.71M of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 6.52x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 46.9% of total assets, placing borrowing in the context of the company’s full resource base. Liabilities represented 92.8% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 9.7% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 141.8% higher than fiscal 2024 assets of $549.21M, measuring the company’s own balance-sheet change. Reported equity changed 58.7% from $231.34M in fiscal 2024, placing the current capital base lower year over year.

Cash Flow and Earnings Quality

The company reported $7.61M of operating cash flow, a cash inflow that shows the cash generated by operations. Capital expenditures used $5.61M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital spending absorbed 73.7% of operating cash flow, quantifying the share of cash from operations directed to investment. After capital spending, free cash flow was $2.00M, leaving cash available for debt reduction, shareholder returns, or further investment. Free cash flow represented 0.2% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 0.2%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.