Skip to main content
Midas Edge

TechTarget, Inc.

For the period ended Jun 30, 2025. Filed Aug 12, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 12, 2025

TTGT$2.64-23.2%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Item 1. Financial Statements

PART I. FINANCIAL INFORMATION

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)

June 30, 2025December 31, 2024
Assets
Current assets:
Cash and cash equivalents$61,732$275,983
Short-term investments—77,705
Accounts receivable, net of allowance for credit losses of $1,872 and $907 respectively78,03979,039
Related party receivables6,8262,900
Prepaid taxes7,1406,443
Prepaid expenses and other current assets14,60913,547
Total current assets168,346455,617
Non-current assets:
Property and equipment, net3,6954,621
Goodwill134,978973,398
Intangible assets, net767,896808,732
Operating lease right-of-use assets13,69615,907
Deferred tax assets5,1185,097
Other non-current assets2,7903,115
Total non-current assets928,1731,810,870
Total assets$1,096,519$2,266,487
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable$10,186$10,639
Related party payables18,6794,795
Contract liabilities61,50444,825
Operating lease liabilities5,2405,186
Accrued expenses and other current liabilities22,06029,328
Accrued compensation expenses20,92318,093
Income taxes payable36,4786,701
Convertible debt—415,690
Total current liabilities175,070535,257
Non-current liabilities:
Operating lease liabilities12,36615,107
Other liabilities5,3264,913
Related party revolving line of credit120,000—
Deferred tax liabilities115,076139,356
Total non-current liabilities252,768159,376
Total liabilities$427,838$694,633
Stockholders’ equity:
Common stock, $0.001 par value; 250,000,000 shares authorized; 71,489,000 shares issued and outstanding at June 30, 2025; 71,460,169 shares issued and outstanding at December 31, 20247171
Additional paid-in capital1,634,9041,626,785
Retained deficit(997,987)(75,937)
Accumulated other comprehensive income31,69320,935
Total stockholders’ equity668,6811,571,854
Total liabilities and stockholders’ equity$1,096,519$2,266,487

Unaudited Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)

(in thousands, except per share data)

For the Three Months EndedFor the Six Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
As Restated · As Restated
Revenues1$119,943$62,968$223,830$121,627
Cost of revenues1,2(51,164)(26,701)(95,324)(50,670)
Gross profit68,77936,267128,50670,957
Operating expenses:
Selling and marketing237,06314,07270,37327,879
General and administrative1,218,92117,39443,20535,572
Product development22,5962,9095,3855,928
Depreciation5313841,063787
Amortization, excluding amortization of $2,950, $143, $5,423 and $245 included in cost of revenues22,89811,19446,18622,030
Impairment of goodwill382,248—841,348—
Impairment of long-lived assets—155—2,019
Acquisition and integration costs114,81122,47724,13929,454
Remeasurement of contingent consideration—2,100—4,164
Total operating expenses479,06870,6851,031,699127,833
Operating loss(410,289)(34,418)(903,193)(56,876)
Related party interest expense(2,815)(6,202)(4,628)(12,403)
Interest income1621,2318882,464
Other income (expense), net(5,222)152(8,316)371
Loss before provision for income taxes(418,264)(39,237)(915,249)(66,444)
Income tax benefit (provision)19,602(966)(6,801)6,732
Net loss$(398,662)$(40,203)$(922,050)$(59,712)
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)6,768(669)10,7581,882
Total comprehensive loss$(391,894)$(40,872)$(911,292)$(57,830)
Net loss per common share:
Basic(5.58)(0.97)(12.90)(1.43)
Diluted(5.58)(0.97)(12.90)(1.43)
Weighted average common shares outstanding:
Basic71,487,72541,651,36671,476,67041,651,366
Diluted71,487,72541,651,36671,476,67041,651,366
(1) Amounts include related party transactions as follows:
Revenues34770571154
Cost of revenues3235360053
General and administrative4,9178,41610,29416,921
Interest income—834—1,863
Acquisition and integration costs12,10120,94019,36126,995
(2) Amounts include stock-based compensation expense as follows:
Cost of revenues426—734—
Selling and marketing2,776—5,533—
General and administrative7733001,484566
Product development185—368—

Unaudited Condensed Consolidated Statements of Stockholders’ Equity (Deficit)

(in thousands, except share and per share data)

Net Parent DeficitAccumulatedOther ComprehensiveIncome (Loss)Total Stockholders’Deficit
As RestatedAs RestatedAs Restated
Balance, December 31, 2023(76,580)22,245$(54,335)
Net loss(19,509)—(19,509)
Net transfers to Parent(3,098)—(3,098)
Other comprehensive income—2,5512,551
Balance, March 31, 2024$(99,187)$24,796$(74,391)
Net loss(40,203)—(40,203)
Net transfers from Parent22,789—22,789
Other comprehensive loss—(669)(669)
Balance, June 30, 2024$(116,601)$24,127$(92,474)
Common Stock
Number ofShares$0.001Par ValueAdditional Paid-In CapitalRetained Earnings (Deficit)AccumulatedOther ComprehensiveIncome (Loss)Total Stockholders’Equity
Balance, December 31, 202471,460,169711,626,785(75,937)20,935$1,571,854
Net loss———(523,388)—(523,388)
Other comprehensive income————3,9903,990
Issuance of shares of common stock from RSU awards25,012—————
Stock-based compensation——3,959——3,959
Balance, March 31, 202571,485,181$71$1,630,744$(599,325)$24,925$1,056,415
Net loss———(398,662)—(398,662)
Other comprehensive income————6,7686,768
Other share issuances100—————
Issuance of shares of common stock from RSU awards3,719—————
Stock-based compensation——4,160——4,160
Balance, June 30, 202571,489,000$71$1,634,904$(997,987)$31,693$668,681
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.