TechTarget, Inc.

For the period ended Sep 30, 2026. Filed Nov 6, 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.

Sep 30, 2026 · Filed Nov 6, 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

	September 30, 2026	December 31, 2025
Assets
Current assets:
Cash and cash equivalents	$35,293	$40,626
Accounts receivable, net of allowance for credit losses of $1,526 and $1,168, respectively	80,343	83,819
Related party receivables	1,164	4,019
Prepaid taxes	11,492	11,329
Prepaid expenses and other current assets	15,242	15,592
Total current assets	143,534	155,385
Non-current assets:
Property and equipment, net	2,795	2,299
Goodwill	1,183	45,550
Intangible assets, net	663,962	725,525
Operating lease right-of-use assets	15,228	3,178
Deferred tax assets	3,483	3,360
Other non-current assets	1,458	2,011
Total non-current assets	688,109	781,923
Total assets	$831,643	$937,308
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$14,674	$21,160
Related party payables	4,256	5,671
Contract liabilities	61,998	50,526
Operating lease liabilities	2,100	3,112
Accrued expenses and other current liabilities	16,659	22,572
Accrued compensation expenses	16,932	19,037
Income taxes payable	3,406	4,349
Contingent consideration	733	190
Total current liabilities	120,758	126,617
Non-current liabilities:
Operating lease liabilities	8,785	1,426
Other liabilities	5,685	6,008
Related party long-term debt	120,091	106,714
Deferred tax liabilities	84,125	100,664
Contingent consideration	532	1,260
Total non-current liabilities	219,218	216,072
Total liabilities	$339,976	$342,689
Stockholders’ equity:
Common stock, $0.001 par value; 250,000,000 shares authorized; 72,830,090 shares issued and 72,792,606 shares outstanding at September 30, 2026; 72,308,235 shares issued and 72,291,454 shares outstanding at December 31, 2025	73	72
Treasury stock, at cost; 37,484 and 16,781 shares at September 30, 2026 and December 31, 2025, respectively	(725)	(689)
Additional paid-in capital	1,654,872	1,647,840
Accumulated deficit	(1,194,918)	(1,084,243)
Accumulated other comprehensive income	32,365	31,639
Total stockholders’ equity	491,667	594,619
Total liabilities and stockholders’ equity	$831,643	$937,308

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

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2026	2025	2026	2025
Revenues1	$119,222	$122,286	$341,418	$346,116
Cost of revenues1,2	(51,443)	(47,350)	(151,134)	(142,674)
Gross profit	67,779	74,936	190,284	203,442
Operating expenses:
Selling and marketing2	30,896	35,829	93,995	106,202
General and administrative1,2	21,614	21,039	62,343	64,244
Product development2	2,493	2,894	9,512	8,279
Depreciation	277	529	1,410	1,592
Amortization, excluding amortization of $3,299, $4,131, $9,621, and $9,554 included in cost of revenues	22,304	21,631	66,860	67,817
Impairment of goodwill	-	80,252	45,006	921,600
Restructuring expense (income)2	-	12,412	(382)	12,412
Acquisition and integration costs1	5,418	8,204	29,766	32,343
Remeasurement of contingent consideration	-	-	36	-
Total operating expenses	83,002	182,790	308,546	1,214,489
Operating loss	(15,223)	(107,854)	(118,262)	(1,011,047)
Related party interest expense	(2,046)	(2,439)	(6,346)	(7,067)
Interest income (expense), net	(30)	26	3	914
Other income (expense), net1	(373)	525	1,048	(7,791)
Loss before provision for income taxes	(17,672)	(109,742)	(123,557)	(1,024,991)
(Provision for) benefit from income taxes	(487)	32,964	12,882	26,163
Net loss	$(18,159)	$(76,778)	$(110,675)	$(998,828)
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)	494	(941)	726	9,817
Total comprehensive loss	$(17,665)	$(77,719)	$(109,949)	$(989,011)
Net loss per common share:
Basic	$(0.25)	$(1.07)	$(1.53)	$(13.96)
Diluted	$(0.25)	$(1.07)	$(1.53)	$(13.96)
Weighted average common shares outstanding:
Basic	72,461,318	71,756,180	72,355,034	71,570,864
Diluted	72,461,318	71,756,180	72,355,034	71,570,864
(1) Amounts include related party transactions as follows:
Revenues	$47	$274	$154	$845
Cost of revenues	4	249	19	849
General and administrative	5,317	4,786	16,565	14,731
Acquisition and integration costs	815	441	2,775	5,794
Other income (expense), net	-	-	1,775	-
(2) Amounts include stock-based compensation expense as follows:
Cost of revenues	$319	$267	$913	$1,001
Selling and marketing	1,546	2,474	4,268	8,007
General and administrative	523	391	1,401	1,875
Product development	97	170	336	538
Restructuring expense	-	4,297	-	4,297

Unaudited Condensed Consolidated Statements of Stockholders’ Equity (Deficit)

Common Stock · Treasury Stock
Number ofShares · $0.001Par Value · Number of Shares · Cost · 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
Net loss	-	-		-		-	-	(398,662)	-	(398,662)
Other comprehensive income	-	-		-		-	-	-	6,768	6,768
Other share issuances	100	-		-		-	-	-	-	-
Issuance of shares of common stock from RSU awards	3,719	-		-		-	-	-	-	-
Stock-based compensation	-	-		-		-	4,160	-	-	4,160
Balance, June 30, 2025	71,489,000	$71	$	-	$	-	$1,634,904	$(997,987)	$31,693	$668,681
Net loss	-	-		-		-	-	(76,778)	-	(76,778)
Other comprehensive loss	-	-		-		-	-	-	(941)	(941)
Issuance of shares of common stock from RSU awards	658,343	1		-		-	(1)	-	-	-
Impact of net settlements	14,052	-		(14,052)		(629)	-	-	-	(629)
Stock-based compensation	-	-		-		-	7,599	-	-	7,599
Balance, September 30, 2025	72,161,395	$72		$(14,052)		$(629)	$1,642,502	$(1,074,765)	$30,752	$597,932

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
Net loss	-	-	-	-	-	(21,735)	-	(21,735)
Other comprehensive income	-	-	-	-	-	-	1,651	1,651
Issuance of common stock from ESPP	29,131	-	-	-	114	-	-	114
Issuance of shares of common stock from RSU awards	2,798	-	-	-	-	-	-	-
Impact of net settlements	698	-	(698)	(10)	-	-	-	(10)
Stock-based compensation	-	-	-	-	2,290	-	-	2,290
Balance, June 30, 2026	72,346,562	$72	(17,988)	$(715)	$1,652,387	$(1,176,759)	$31,871	$506,856
Net loss	-	-	-	-	-	(18,159)	-	(18,159)
Other comprehensive income	-	-	-	-	-	-	494	494
Issuance of shares of common stock from RSU awards	464,032	1	-	-	-	-	-	1
Impact of net settlements	19,496	-	(19,496)	(10)	-	-	-	(10)
Stock-based compensation	-	-	-	-	2,485	-	-	2,485
Balance, September 30, 2026	72,830,090	$73	(37,484)	$(725)	$1,654,872	$(1,194,918)	$32,365	$491,667

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