Teads Holding Co.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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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, 2025 · Filed Nov 6, 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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Condensed Consolidated Statements of Cash Flows
TEADS HOLDING CO
Condensed Consolidated Statements of Cash Flows
(In thousands, Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(88,846) | $(544) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Gain on repurchase of long-term debt | (1,225) | (8,782) |
| Depreciation and amortization of property and equipment | 6,763 | 4,654 |
| Amortization of capitalized software development costs | 7,041 | 7,281 |
| Amortization of intangible assets | 34,903 | 2,559 |
| Amortization of discount on marketable securities | (784) | (1,839) |
| Stock-based compensation | 10,372 | 11,487 |
| Non-cash operating lease expense | 8,175 | 3,825 |
| Provision for credit losses | 5,614 | 2,951 |
| Amortization of debt issuance costs | 15,337 | — |
| Deferred income taxes | (42,709) | (4,431) |
| Impairment of assets | 15,614 | — |
| Unrealized foreign currency transaction losses (gains) | 6,677 | (1,054) |
| Other | 25 | 436 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 57,827 | 31,434 |
| Prepaid expenses and other current assets | 16,863 | 9,121 |
| Accounts payable and other current liabilities | (45,007) | (30,563) |
| Operating lease liabilities | (8,445) | (3,869) |
| Deferred revenue | (3,942) | (2,051) |
| Other non-current assets and liabilities | 6,091 | 5,283 |
| Net cash provided by operating activities | 344 | 25,898 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Acquisition of a business, net of cash acquired | (598,319) | (181) |
| Purchases of property and equipment | (4,853) | (4,668) |
| Capitalized software development costs | (12,020) | (7,592) |
| Purchases of marketable securities | (16,603) | (56,166) |
| Proceeds from sales and maturities of marketable securities | 86,471 | 144,257 |
| Other | (56) | (81) |
| Net cash (used in) provided by investing activities | (545,380) | 75,569 |
| 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 | — |
| Partial repayment of long-term debt | (7,674) | (109,740) |
| Payment of deferred financing costs | (30,969) | (501) |
| Payment of stock issuance costs | (775) | — |
| Treasury stock repurchases and share withholdings on vested awards | (639) | (6,390) |
| Principal payments on finance lease obligations | — | (263) |
| Proceeds from bank overdrafts, net | 110 | — |
| Net cash provided by (used in) financing activities | 585,358 | (116,894) |
| Effect of exchange rate changes | 1,834 | 2,034 |
| Net increase in cash, cash equivalents and restricted cash | 42,156 | (13,393) |
| Cash, cash equivalents and restricted cash — Beginning | 89,725 | 71,079 |
| Cash, cash equivalents and restricted cash — Ending | $131,881 | $57,686 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | ||
| Cash and cash equivalents | $130,751 | $57,061 |
| Restricted cash, included in other assets | $1,130 | $625 |
| Total cash, cash equivalents, and restricted cash | $131,881 | $57,686 |
OUTBRAIN INC.
Condensed Consolidated Statements of Cash Flows (Continued)
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Cash paid for income taxes, net of refunds | $16,848 | $11,112 |
| Cash paid for interest | $34,661 | $4,263 |
| 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 | $2,673 | $2,219 |
| Operating lease right-of-use assets obtained in exchange for lease obligations | $13,656 | $6,445 |
| Stock-based compensation capitalized for software development costs | $507 | $423 |
| Unpaid deferred financing costs in accounts payable and accrued expenses | $— | $2,855 |
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