Outbrain Inc

For the period ended Dec 31, 2023. Filed Mar 8, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 8, 2024

TEAD$0.19+7.5%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(In thousands, except for share and per share data)

	Year Ended December 31,
	2023	2022	2021
Revenue	$935,818	$992,082	$1,015,630
Cost of revenue:
Traffic acquisition costs	708,449	757,321	743,579
Other cost of revenue	42,571	42,108	31,791
Total cost of revenue	751,020	799,429	775,370
Gross profit	184,798	192,653	240,260
Operating expenses:
Research and development	36,402	40,320	39,169
Sales and marketing	98,370	108,816	95,786
General and administrative	58,665	57,065	70,749
Total operating expenses	193,437	206,201	205,704
(Loss) income from operations	(8,639)	(13,548)	34,556
Other income (expense), net:
Gain (loss) on convertible debt	22,594	—	(42,049)
Interest expense	(5,393)	(7,625)	(3,964)
Interest income and other income (expense), net	7,793	2,600	(3,078)
Total other income (expense), net	24,994	(5,025)	(49,091)
Income (loss) before provision (benefit) for income taxes	16,355	(18,573)	(14,535)
Provision (benefit) for income taxes	6,113	6,008	(25,530)
Net income (loss)	$10,242	$(24,581)	$10,995
Weighted average shares outstanding:
Basic	50,900,422	55,615,385	35,159,757
Diluted	56,965,299	55,615,385	53,894,347
Net income (loss) per common share:
Basic	$0.20	$(0.44)	$0.31
Diluted	$(0.06)	$(0.44)	$0.20

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.