Outbrain Inc
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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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.
FY2024 · Filed Mar 7, 2025
TEAD$0.19-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net (loss) income | $(711) | $10,242 | $(24,581) |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Gain on convertible debt | (8,782) | (22,594) | — |
| Stock-based compensation | 15,461 | 12,141 | 11,660 |
| Depreciation and amortization of property and equipment | 6,312 | 6,915 | 11,125 |
| Amortization of capitalized software development costs | 9,758 | 9,633 | 9,540 |
| Amortization of intangible assets | 3,409 | 4,154 | 6,254 |
| Provision for credit losses | 3,006 | 8,008 | 3,291 |
| Non-cash operating lease expense | 5,130 | 4,453 | 4,309 |
| Deferred income taxes | (5,095) | (4,312) | (3,853) |
| Amortization of discount on marketable securities | (2,235) | (3,604) | (1,975) |
| Other | 47 | (717) | (644) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 35,905 | (12,946) | 5,283 |
| Prepaid expenses and other current assets | 18,412 | 843 | (18,419) |
| Accounts payable and other current liabilities | (11,696) | (1,228) | 7,965 |
| Operating lease liabilities | (5,092) | (4,297) | (4,246) |
| Deferred revenue | (1,496) | 1,621 | 2,184 |
| Other non-current assets and liabilities | 6,228 | 5,434 | (4,080) |
| Net cash provided by operating activities | 68,561 | 13,746 | 3,813 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Acquisition of business, net of cash acquired | (181) | (389) | (45,151) |
| Purchases of property and equipment | (7,380) | (10,127) | (13,375) |
| Capitalized software development costs | (9,913) | (10,107) | (12,569) |
| Purchases of marketable securities | (90,602) | (131,543) | (262,171) |
| Proceeds from sales and maturities of marketable securities | 175,325 | 221,878 | 15,500 |
| Other | (96) | (72) | (132) |
| Net cash provided by (used in) investing activities | 67,153 | 69,640 | (317,898) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Repayment of long-term debt obligations | (109,740) | (96,170) | — |
| Payment of deferred financing costs | (1,099) | — | — |
| Treasury stock repurchases and share withholdings on vested awards | (6,600) | (18,521) | (32,664) |
| Principal payments on finance lease obligations | (263) | (1,830) | (3,190) |
| Proceeds from exercise of common stock options and warrants | — | — | 4,155 |
| Payment of contingent consideration liability up to acquisition-date fair value | — | (547) | — |
| Net cash used in financing activities | (117,702) | (117,068) | (31,699) |
| Effect of exchange rate changes | 634 | (1,004) | (4,043) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 18,646 | (34,686) | (349,827) |
| Cash, cash equivalents and restricted cash — Beginning | 71,079 | 105,765 | 455,592 |
| Cash, cash equivalents and restricted cash — Ending | $89,725 | $71,079 | $105,765 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS | |||
| Cash and cash equivalents | $89,094 | $70,889 | $105,580 |
| Restricted cash, included in other assets | $631 | $190 | $185 |
| Total cash, cash equivalents, and restricted cash | $89,725 | $71,079 | $105,765 |
Consolidated Statements of Cash Flows (Continued)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Cash paid for income taxes, net of refunds | $10,267 | $8,599 | $6,887 |
| Cash paid for interest | $4,321 | $6,027 | $7,463 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES: | |||
| Operating lease right-of-use assets obtained in exchange for lease obligations | $6,917 | $5,061 | $1,247 |
| Acquisition consideration payable | $— | $181 | $1,476 |
| Purchases of property and equipment included in accounts payable | $2,770 | $1,094 | $2,723 |
| Stock-based compensation capitalized for software development costs | $553 | $555 | $883 |
| Stock consideration issued for acquisition of a business | $— | $— | $4,190 |
| Unpaid deferred financing costs in accounts payable and accrued expenses | $7,555 | $— | $— |
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