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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | $197.1M | $252.1M | $284.9M | $486.8M |
| Gross profit | — | $124.8M | $153.3M | $177.6M | $293.3M |
| Net income | $949.0K | $41.6M | $4.5M | -$166.0M | -$1.01B |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Director nominations Dates and mechanics for shareholders proposing directors. Item 5.08
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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