TechTarget, Inc. TTGT
TechTarget, Inc. ("Informa TechTarget", the "Company", "we", "us" or "our") is a leading business-to-business ("B2B") growth accelerator, informing and influencing technology buyers and sellers globally.
Today, we sit at the intersection of tech and B2B marketing in an area estimated to be worth $20 billion annually with approximately 45,000 potential customers. We compete in the Intelligence & Advisory, Brand & Content, and Demand & Intent markets.
We have powerful scale in permissioned B2B first-party data and a unique end-to-end portfolio of data-driven solutions that services the full B2B product lifecycle, from R&D to return on investment ("ROI"): from strategy, messaging and content development to in-market activation via brand, demand generation, purchase intent data and sales enablement. Increasingly, we are leveraging AI to bolster our differentiation to both technology buyers and sellers, including growing audience referrals from AI search channels.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $486.8M | $284.9M | $252.1M | $197.1M | — |
| Cost of revenue | $193.5M | $107.3M | $98.8M | $72.3M | — |
| Gross profit | $293.3M | $177.6M | $153.3M | $124.8M | — |
| R&D | $10.8M | $11.4M | $11.1M | $7.9M | — |
| SG&A | $83.1M | $79.0M | $66.9M | $49.0M | — |
| Total operating expenses | $1.32B | $296.8M | $198.6M | $135.9M | — |
| Operating income | -$1.03B | -$119.1M | -$45.4M | -$11.1M | — |
| Interest expense | — | — | $24.6M | — | — |
| Pre-tax income | -$1.04B | -$129.4M | -$67.4M | -$21.1M | — |
| Income tax | $33.4M | $12.5M | $9.6M | $16.9M | — |
| Net income | -$1.01B | -$166.0M | $4.5M | $41.6M | $949.0K |
| EPS, basic | -14.06 | -2.65 | -1.39 | -0.10 | — |
| EPS, diluted | -14.06 | -2.65 | -1.39 | -0.10 | — |
| Shares, diluted (wtd. avg.) | $71.7M | $44.1M | $41.7M | $41.7M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $40.6M | $276.0M | $10.8M | — | — |
| Short-term investments | $0 | $77.7M | $0 | — | — |
| Receivables | $83.8M | $79.0M | $39.8M | — | — |
| Total current assets | $155.4M | $455.6M | $166.4M | — | — |
| Property, plant and equipment | $2.3M | $4.6M | $3.2M | — | — |
| Goodwill | $45.5M | $973.4M | $475.8M | $565.5M | — |
| Other intangibles | $725.5M | $808.7M | $276.5M | — | — |
| Total assets | $937.3M | $2.27B | $927.5M | — | — |
| Total current liabilities | $126.6M | $535.3M | $594.6M | — | — |
| Long-term debt | — | $417.0M | — | — | — |
| Total liabilities | $342.7M | $694.6M | $981.9M | — | — |
| Retained earnings | -$1.08B | -$75.9M | $0 | — | — |
| Total equity | $594.6M | $1.57B | -$54.3M | -$14.3M | -$194.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $16.3M | -$64.9M | -$12.5M | $28.1M | — |
| Depreciation and amortisation | $2.4M | $1.6M | $895.0K | $620.0K | — |
| Stock-based compensation | $19.1M | $2.4M | $1.2M | $914.0K | — |
| Capital expenditure | $387.0K | $420.0K | $2.6M | $413.0K | — |
| Investing cash flow | $58.1M | -$79.4M | -$57.2M | -$354.7M | — |
| Financing cash flow | -$311.0M | $409.6M | $73.4M | $330.3M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-187238.
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