Teads Holding Co.
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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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.
FY2025 · Filed Mar 16, 2026
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net (loss) income | $(517,070) | $(711) | $10,242 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Gain on repurchase of long-term debt | (1,225) | (8,782) | (22,594) |
| Depreciation and amortization of property and equipment | 9,208 | 6,312 | 6,915 |
| Amortization of capitalized software development costs | 9,278 | 9,758 | 9,633 |
| Amortization of intangible assets | 48,234 | 3,409 | 4,154 |
| Amortization of discount on marketable securities | (959) | (2,235) | (3,604) |
| Stock-based compensation | 13,710 | 15,461 | 12,141 |
| Non-cash operating lease expense | 11,242 | 5,130 | 4,453 |
| Provision for credit losses | 7,785 | 3,006 | 8,008 |
| Amortization of debt issuance costs | 16,621 | — | — |
| Deferred income taxes | 27,565 | (5,095) | (4,312) |
| Impairment of goodwill and intangible assets | 367,744 | — | — |
| Unrealized foreign currency transaction losses (gains) | 8,338 | (2,117) | (1,300) |
| Other | 33 | 2,164 | 583 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 25,929 | 35,905 | (12,946) |
| Prepaid expenses and other current assets | 17,325 | 18,412 | 843 |
| Accounts payable and other current liabilities | (21,990) | (11,696) | (1,228) |
| Operating lease liabilities | (11,694) | (5,092) | (4,297) |
| Deferred revenue | 633 | (1,496) | 1,621 |
| Other non-current assets and liabilities | (3,101) | 6,228 | 5,434 |
| Net cash provided by operating activities | 7,606 | 68,561 | 13,746 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Acquisition of a business, net of cash acquired | (598,319) | (181) | (389) |
| Purchases of property and equipment | (5,608) | (7,380) | (10,127) |
| Capitalized software development costs | (17,148) | (9,913) | (10,107) |
| Purchases of marketable securities | (23,524) | (90,602) | (131,543) |
| Proceeds from sales and maturities of marketable securities | 90,471 | 175,325 | 221,878 |
| Other | (56) | (96) | (72) |
| Net cash (used in) provided by investing activities | (554,184) | 67,153 | 69,640 |
| 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) | (96,170) |
| Payment of deferred financing costs | (30,969) | (1,099) | — |
| Payment of stock issuance costs | (775) | — | — |
| Treasury stock repurchases and share withholdings on vested awards | (646) | (6,600) | (18,521) |
| Principal payments on finance lease obligations | — | (263) | (1,830) |
| Payment of contingent consideration liability up to acquisition-date fair value | — | — | (547) |
| Proceeds from bank overdrafts, net | 94 | — | — |
| Net cash provided by (used in) financing activities | 585,335 | (117,702) | (117,068) |
| Effect of exchange rate changes | 1,218 | 634 | (1,004) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 39,975 | 18,646 | (34,686) |
| Cash, cash equivalents and restricted cash — Beginning | 89,725 | 71,079 | 105,765 |
| Cash, cash equivalents and restricted cash — Ending | $129,700 | $89,725 | $71,079 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS | |||
| Cash and cash equivalents | $128,223 | $89,094 | $70,889 |
| Restricted cash, included in other assets | $1,477 | $631 | $190 |
| Total cash and cash equivalents and restricted cash | $129,700 | $89,725 | $71,079 |
Consolidated Statements of Cash Flows (Continued)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Cash paid for income taxes, net of refunds | $23,784 | $10,267 | $8,599 |
| Cash paid for interest | $35,046 | $4,321 | $6,027 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES: | |||
| Operating lease right-of-use assets obtained in exchange for lease obligations | $19,977 | $6,917 | $5,061 |
| Acquisition consideration payable | $— | $— | $181 |
| Purchases of property and equipment included in accounts payable | $2,799 | $2,770 | $1,094 |
| Stock-based compensation capitalized for software development costs | $665 | $553 | $555 |
| Stock consideration issued for acquisition of a business | $262,938 | $— | $— |
| Unpaid deferred financing costs in accounts payable and accrued expenses | $— | $7,555 | $— |
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