TechTarget, Inc.

For the period ended Mar 31, 2026. Filed May 7, 2026.

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.

Mar 31, 2026 · Filed May 7, 2026

TTGT$3.02+14.6%Stored close · as of Nov 9, 2026

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Contents

Item 1. Financial Statements

PART I. FINANCIAL INFORMATION

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)

	March 31, 2026	December 31, 2025
Assets
Current assets:
Cash and cash equivalents	$47,711	$40,626
Accounts receivable, net of allowance for credit losses of $1,019 and $1,168 respectively	66,370	83,819
Related party receivables	5,952	4,019
Prepaid taxes	11,379	11,329
Prepaid expenses and other current assets	16,535	15,592
Total current assets	147,947	155,385
Non-current assets:
Property and equipment, net	1,580	2,299
Goodwill	1,077	45,550
Intangible assets, net	705,552	725,525
Operating lease right-of-use assets	16,644	3,178
Deferred tax assets	3,373	3,360
Other non-current assets	1,687	2,011
Total non-current assets	729,913	781,923
Total assets	$877,860	$937,308
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$12,570	$21,160
Related party payables	8,067	5,671
Contract liabilities	55,597	50,526
Operating lease liabilities	5,585	3,112
Accrued expenses and other current liabilities	17,899	22,572
Accrued compensation expenses	24,054	19,037
Income taxes payable	3,665	4,349
Contingent consideration	707	190
Total current liabilities	128,144	126,617
Non-current liabilities:
Operating lease liabilities	9,316	1,426
Other liabilities	6,265	6,008
Related party long-term debt	120,091	106,714
Deferred tax liabilities	88,985	100,664
Contingent consideration	513	1,260
Total non-current liabilities	225,170	216,072
Total liabilities	$353,314	$342,689
Stockholders’ equity:
Common stock, $0.001 par value; 250,000,000 shares authorized; 72,313,935 shares issued and 72,296,645 shares outstanding at March 31, 2026; 72,308,235 shares issued and 72,291,454 shares outstanding at December 31, 2025	72	72
Treasury stock, at cost; 17,290 and 16,781 shares at March 31, 2026 and December 31, 2025, respectively	(705)	(689)
Additional paid-in capital	1,649,983	1,647,840
Accumulated deficit	(1,155,024)	(1,084,243)
Accumulated other comprehensive income	30,220	31,639
Total stockholders’ equity	524,546	594,619
Total liabilities and stockholders’ equity	$877,860	$937,308

See accompanying Notes to Unaudited Condensed Consolidated Financial Statements.

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

(in thousands, except per share data)

	For the Three Months Ended
	March 31, 2026	March 31, 2025
Revenues1	$106,048	$103,887
Cost of revenues1,2	(48,026)	(44,160)
Gross profit	58,022	59,727
Operating expenses:
Selling and marketing2	33,427	33,310
General and administrative1,2	18,830	24,284
Product development2	3,663	2,789
Depreciation	714	532
Amortization, excluding amortization of $3,116, and $2,473 included in cost of revenues	21,937	23,288
Impairment of goodwill	45,006	459,100
Restructuring expense (income)	(455)	—
Acquisition and integration costs1	15,822	9,328
Remeasurement of contingent consideration	36	-
Total operating expenses	138,980	552,631
Operating loss	(80,958)	(492,904)
Related party interest expense	(2,134)	(1,813)
Interest income	52	826
Other income (expense), net	900	(3,094)
Loss before provision for income taxes	(82,140)	(496,985)
Income tax benefit (provision)	11,359	(26,403)
Net loss	$(70,781)	$(523,388)
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)	(1,419)	3,990
Total comprehensive loss	$(72,200)	$(519,398)
Net loss per common share:
Basic	(0.98)	(7.32)
Diluted	(0.98)	(7.32)
Weighted average common shares outstanding:
Basic	72,293,292	71,465,493
Diluted	72,293,292	71,465,493
(1) Amounts include related party transactions as follows:
Revenues	$208	$224
Cost of revenues	10	277
General and administrative	5,773	6,279
Acquisition and integration costs	991	46
(2) Amounts include stock-based compensation expense as follows:
Cost of revenues	$301	$308
Selling and marketing	1,331	2,757
General and administrative	394	711
Product development	117	183

See accompanying Notes to Unaudited Condensed Consolidated Financial Statements.

Unaudited Condensed Consolidated Statements of Stockholders’ Equity (Deficit)

(in thousands, except share and per share data)

	Common Stock
	Number ofShares	$0.001Par Value	Additional Paid-In Capital	Accumulated Deficit	AccumulatedOther ComprehensiveIncome	Total Stockholders’Equity
Balance, December 31, 2024	71,460,169	71	1,626,785	(75,937)	20,935	$1,571,854
Net loss	—	—	—	(523,388)	—	(523,388)
Other comprehensive income	—	—	—	—	3,990	3,990
Issuance of shares of common stock from RSU awards	25,012	—	—	—	—	—
Stock-based compensation	—	—	3,959	—	—	3,959
Balance, March 31, 2025	71,485,181	$71	$1,630,744	$(599,325)	$24,925	$1,056,415

Common Stock · Treasury Stock
	Number ofShares	$0.001Par Value	Number of Shares	Cost	Additional Paid-In Capital	Accumulated Deficit	AccumulatedOther ComprehensiveIncome (Loss)	Total Stockholders’Equity
Balance, December 31, 2025	72,308,235	72	(16,781)	(689)	1,647,840	(1,084,243)	31,639	$594,619
Net loss	—	—	—	—	—	(70,781)	—	(70,781)
Other comprehensive loss	—	—	—	—	—	—	(1,419)	(1,419)
Issuance of shares of common stock from RSU awards	5,191	—	—	—	—	—	—	—
Impact of net settlements	509	—	(509)	(16)	—	—	—	(16)
Stock-based compensation	—	—	—	—	2,143	—	—	2,143
Balance, March 31, 2026	72,313,935	$72	(17,290)	(705)	$1,649,983	$(1,155,024)	$30,220	$524,546

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.