TEAD

MKT CAP:$76M

Teads Holding Co.

Market Cap

$76M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$0.74+$0.08 (+12.00%)

Apr 23, 2026

Company Details

Teads Holding Co., together with its subsidiaries, operates a technology platform that connects media owners and advertisers with engaged audiences to drive business outcomes in the United States, Europe, the Middle East, Africa, and intern...

CEO

David Kostman

IPO Date

Jul 23, 2021

Website

www.teads.com

Key Metrics TTM

Revenue

$1.3B

+46.1% YoY

Net Income

-$517M

EPS (Diluted)

-$5.94

Free Cash Flow

$64M

Revenue / Share

$13.60

Gross Margin

33.0%

Operating Margin

-3.1%

Net Margin

-39.8%

FCF Margin

4.9%

P/S

0.1x

P/E

—

Earnings Reports

Q1 2026

May 8, 2026

PENDING

FY 2025

Dec 30, 2025

$1.3B+46.1%EPS -$5.69

Q4 2025

Dec 30, 2025

$352M+50.2%EPS -$4.48

Q3 2025

Sep 29, 2025

$319M+42.2%EPS -$0.21

Q2 2025

Jun 30, 2025

$343M+60.2%EPS -$0.15

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 23	$230M	$46M	$3M
Q4 23	$248M	$53M	$6M
Q1 24	$217M	$42M	-$7M
Q2 24	$214M	$46M	-$6M
Q3 24	$224M	$49M	-$3M
Q4 24	$235M	$56M	$3M
Q1 25	$286M	$83M	-$44M
Q2 25	$343M	$120M	-$2M
Q3 25	$319M	$106M	-$6M
Q4 25	$352M	$120M	$12M

Valuation

Quarter	P/S	P/E
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	0.1x	—
Q3 24	0.1x	21.7x
Q4 24	0.1x	—
Q1 25	0.1x	—
Q2 25	0.1x	—
Q3 25	0.1x	—
Q4 25	0.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 23	$7M	$4M
Q4 23	$25M	$13M
Q1 24	$9M	$5M
Q2 24	$4M	$323.0K
Q3 24	$14M	$9M
Q4 24	$43M	$38M
Q1 25	-$966.0K	-$7M
Q2 25	$25M	$19M
Q3 25	$7M	$13M
Q4 25	$38M	$38M

Capital Expenditures

Quarter	CapEx
Q3 23	$3M
Q4 23	$12M
Q1 24	$4M
Q2 24	$3M
Q3 24	$5M
Q4 24	$5M
Q1 25	$6M
Q2 25	$6M
Q3 25	$6M
Q4 25	$275.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 24	-2.5%	-0.1%
Q4 24	-5.5%	-4.3%
Q1 25	+32.0%	+48.0%
Q2 25	+60.2%	+57.1%
Q3 25	+42.2%	+42.8%
Q4 25	+50.2%	+46.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$3M	1.3%
Q2 24	$5M	2.1%
Q3 24	$4M	1.8%
Q4 24	$4M	1.7%
Q1 25	$3M	1.0%
Q2 25	$4M	1.1%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 23	$9M	—	—	$35M
Q4 23	$8M	—	—	$39M
Q1 24	$9M	$15M	$24M	—
Q2 24	$9M	$17M	$25M	—
Q3 24	$9M	$20M	$23M	—
Q4 24	$9M	$18M	$26M	—
Q1 25	$14M	$36M	$54M	—
Q2 25	$13M	$28M	$80M	—
Q3 25	$11M	$32M	$69M	—
Q4 25	—	—	—	$103M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 23	—	3.4%	—
Q4 23	—	5.1%	—
Q1 24	—	-0.1%	—
Q2 24	—	0.9%	—
Q3 24	-2.5%	6.3%	3.8
Q4 24	-5.5%	3.9%	-1.6
Q1 25	32.0%	-11.0%	21.0
Q2 25	60.2%	5.0%	65.3
Q3 25	42.2%	3.2%	45.4
Q4 25	50.2%	3.3%	53.5

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 23	$65M	$104M	$169M
Q4 23	$71M	$94M	$165M
Q1 24	$71M	$92M	$163M
Q2 24	$75M	$88M	$163M
Q3 24	$57M	$73M	$131M
Q4 24	$89M	$77M	$166M
Q1 25	$136M	$20M	$156M
Q2 25	$149M	$17M	$166M
Q3 25	$131M	$8M	$138M
Q4 25	$128M	$10M	$139M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 23	51M	—	—
Q4 23	50M	-2.3%	—
Q1 24	49M	-1.6%	—
Q2 24	49M	-0.7%	—
Q3 24	54M	+10.2%	+5.2%
Q4 24	50M	-7.7%	-0.6%
Q1 25	50M	0.0%	+1.0%
Q2 25	94M	+89.9%	+93.2%
Q3 25	95M	+0.7%	+76.4%
Q4 25	96M	+0.5%	+92.1%

Shares Outstanding