Teads Holding Co.

For the period ended Mar 31, 2025. Filed May 12, 2025.

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, 2025 · Filed May 12, 2025

TEAD$0.19-0.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

(In thousands, Unaudited)

	Three Months Ended March 31,
	2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$(54,843)	$(5,041)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization of property and equipment	1,935	1,639
Amortization of capitalized software development costs	2,472	2,409
Amortization of intangible assets	8,466	852
Amortization of discount on marketable securities	(425)	(642)
Stock-based compensation	2,941	2,927
Non-cash operating lease expense	2,307	1,195
Provision for credit losses	298	1,693
Amortization of debt issuance costs	12,843	—
Deferred income taxes	(17,786)	(174)
Impairment of assets	15,614	—
Unrealized foreign currency transaction (gains) losses	1,688	312
Other	30	26
Changes in operating assets and liabilities:
Accounts receivable	37,605	30,398
Prepaid expenses and other current assets	5,901	7,262
Accounts payable and other current liabilities	(22,374)	(31,875)
Operating lease liabilities	(2,614)	(1,205)
Deferred revenue	(830)	(1,471)
Other non-current assets and liabilities	5,806	300
Net cash (used in) provided by operating activities	(966)	8,605
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of a business, net of cash acquired	(598,319)	(181)
Purchases of property and equipment	(2,921)	(1,335)
Capitalized software development costs	(2,699)	(2,627)
Purchases of marketable securities	(16,602)	(31,578)
Proceeds from sales and maturities of marketable securities	74,221	31,492
Net cash used in investing activities	(546,320)	(4,229)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from the Bridge Facility	625,000	—
Repayments of borrowings under the Bridge Facility	(625,000)	—
Proceeds from senior secured notes	625,305	—
Payment of deferred financing costs	(28,155)	—
Payment of stock issuance costs	(775)	—
Treasury stock repurchases and share withholdings on vested awards	(355)	(4,015)
Principal payments on finance lease obligations	—	(255)
Proceeds from bank overdrafts, net	74	—
Net cash provided by (used in) financing activities	596,094	(4,270)
Effect of exchange rate changes	(57)	363
Net increase in cash, cash equivalents and restricted cash	48,751	469
Cash, cash equivalents and restricted cash — Beginning	89,725	71,079
Cash, cash equivalents and restricted cash — Ending	$138,476	$71,548
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
Cash and cash equivalents	$136,312	$71,362
Restricted cash, included in other assets	$2,164	$186
Total cash, cash equivalents, and restricted cash	$138,476	$71,548

Condensed Consolidated Statements of Cash Flows (Continued)

(In thousands)

	Three Months Ended March 31,
	2025	2024
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for income taxes, net of refunds	$7,636	$2,133
Cash paid for interest	$1,512	$1,815
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Stock consideration issued for acquisition of a business	$262,938	$—
Purchases of property and equipment included in accounts payable	$991	$418
Operating lease right-of-use assets obtained in exchange for lease obligations	$13,409	$6,055
Stock-based compensation capitalized for software development costs	$96	$141
Unpaid deferred financing costs in accounts payable and accrued expenses	$3,318	$—

ContentsView on SEC.gov

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