Techtarget Financials
This page shows Techtarget (TTGT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
TechTarget's FY2025 shows stable gross economics beneath a massive accounting reset that scarcely interrupted cash generation.
Despite a net loss of-$1.01B , FY2025 still produced$16.3M of operating cash flow. Because free cash flow also stayed positive and goodwill fell from$973.4M to$45.6M , the year looks like a non-cash balance-sheet reset layered onto a business that still had some cash-generating ability.
Revenue reached
Capital spending was just
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Techtarget's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Techtarget has an operating margin of -210.7%, meaning the company retains $-211 of operating profit per $100 of revenue. This below-average margin results in a low score of 14/100, suggesting thin profitability after operating expenses. This is down from -41.8% the prior year.
Techtarget's revenue surged 70.9% year-over-year to $486.8M, reflecting rapid business expansion. This strong growth earns a score of 92/100.
Techtarget has a moderate D/E ratio of 0.58. This balance of debt and equity financing earns a leverage score of 57/100.
Techtarget's current ratio of 1.23 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.
Techtarget's free cash flow margin of 3.3% results in a low score of 18/100. Capital expenditures of $387K absorb a large share of operating cash flow.
Techtarget generates a -169.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 14/100. This is down from -10.6% the prior year.
Techtarget scores -4.20, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($272.6M) relative to total liabilities ($342.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Techtarget passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Techtarget generates $-0.02 in operating cash flow ($16.3M OCF vs -$1.0B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Techtarget generated $486.8M in revenue in fiscal year 2025. This represents an increase of 70.9% from the prior year.
Techtarget's EBITDA was -$920.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1236.6% from the prior year.
Techtarget reported -$1.0B in net income in fiscal year 2025. This represents a decrease of 507.4% from the prior year.
Techtarget earned $-14.06 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 430.6% from the prior year.
Cash & Balance Sheet
Techtarget generated $15.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 124.4% from the prior year.
Techtarget held $40.6M in cash against $0 in long-term debt as of fiscal year 2025.
Techtarget had 72M shares outstanding in fiscal year 2025. This represents an increase of 1.2% from the prior year.
Margins & Returns
Techtarget's gross margin was 60.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.1 percentage points from the prior year.
Techtarget's operating margin was -210.7% in fiscal year 2025, reflecting core business profitability. This is down 168.9 percentage points from the prior year.
Techtarget's net profit margin was -207.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 148.9 percentage points from the prior year.
Techtarget's ROE was -169.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 159.0 percentage points from the prior year.
Capital Allocation
Techtarget invested $10.8M in research and development in fiscal year 2025. This represents a decrease of 5.1% from the prior year.
Techtarget invested $387K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 7.9% from the prior year.
TTGT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $106.0M-24.6% | $140.7M+15.0% | $122.3M+2.0% | $119.9M+15.5% | $103.9M+3.5% | $100.4M+59.7% | $62.9M-0.2% | $63.0M |
| Cost of Revenue | $48.0M-5.6% | $50.9M+7.4% | $47.4M-7.5% | $51.2M+15.9% | $44.2M | N/A | $23.8M-10.8% | $26.7M |
| Gross Profit | $58.0M-35.4% | $89.8M+19.9% | $74.9M+9.0% | $68.8M+15.2% | $59.7M-11.7% | $67.6M+73.1% | $39.1M+7.7% | $36.3M |
| R&D Expenses | $3.7M+43.2% | $2.6M-11.6% | $2.9M+11.5% | $2.6M-6.9% | $2.8M | N/A | $2.6M-11.6% | $2.9M |
| SG&A Expenses | $18.8M-0.1% | $18.8M-10.4% | $21.0M+11.2% | $18.9M-22.1% | $24.3M | N/A | $18.4M+5.6% | $17.4M |
| Operating Income | -$81.0M-446.8% | -$14.8M+86.3% | -$107.9M+73.7% | -$410.3M+16.8% | -$492.9M-930.0% | -$47.9M-232.9% | -$14.4M+58.2% | -$34.4M |
| Interest Expense | $2.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$11.4M-56.5% | -$7.3M+78.0% | -$33.0M-68.2% | -$19.6M-174.2% | $26.4M | N/A | -$3.6M-469.2% | $966K |
| Net Income | -$70.8M-646.8% | -$9.5M+87.7% | -$76.8M+80.7% | -$398.7M+23.8% | -$523.4M-1217.7% | -$39.7M-127.9% | -$17.4M+56.6% | -$40.2M |
| EPS (Diluted) | $-0.98 | N/A | $-1.07+80.8% | $-5.58+23.8% | $-7.32-850.6% | $-0.77 | $-0.42+56.7% | $-0.97 |
TTGT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $877.9M-6.3% | $937.3M-5.1% | $987.4M-9.9% | $1.1B-27.2% | $1.5B-33.5% | $2.3B+1589.2% | $134.2M | N/A |
| Current Assets | $147.9M-4.8% | $155.4M-4.0% | $161.8M-3.9% | $168.3M-3.5% | $174.5M-61.7% | $455.6M | N/A | N/A |
| Cash & Equivalents | $47.7M+17.4% | $40.6M-12.3% | $46.3M-25.0% | $61.7M-21.5% | $78.7M-71.5% | $276.0M | $0 | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $66.4M-20.8% | $83.8M+1.8% | $82.3M+5.5% | $78.0M+14.6% | $68.1M-13.8% | $79.0M | N/A | N/A |
| Goodwill | $1.1M-97.6% | $45.5M-17.8% | $55.4M-58.9% | $135.0M-73.8% | $515.5M-47.0% | $973.4M | N/A | N/A |
| Total Liabilities | $353.3M+3.1% | $342.7M-12.0% | $389.5M-9.0% | $427.8M-4.9% | $449.7M-35.3% | $694.6M | $0 | N/A |
| Current Liabilities | $128.1M+1.2% | $126.6M-11.6% | $143.3M-18.2% | $175.1M-4.3% | $182.9M-65.8% | $535.3M | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | $417.0M | N/A | N/A |
| Total Equity | $524.5M-11.8% | $594.6M-0.6% | $597.9M-10.6% | $668.7M-36.7% | $1.1B-32.8% | $1.6B+1071.5% | $134.2M+245.1% | -$92.5M |
| Retained Earnings | -$1.2B-6.5% | -$1.1B-0.9% | -$1.1B-7.7% | -$998.0M-66.5% | -$599.3M-689.2% | -$75.9M | N/A | N/A |
TTGT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$57K-100.5% | $11.8M+228.8% | -$9.1M-720.1% | $1.5M-88.0% | $12.2M+141.9% | -$29.2M-537.7% | -$4.6M+84.4% | -$29.3M |
| Capital Expenditures | $53K-69.7% | $175K+33.6% | $131K+156.9% | $51K+70.0% | $30K-74.6% | $118K+218.9% | $37K-76.7% | $159K |
| Free Cash Flow | -$110K-101.0% | $11.6M+225.1% | -$9.3M-751.6% | $1.4M-88.4% | $12.2M+141.6% | -$29.3M-535.2% | -$4.6M+84.3% | -$29.5M |
| Investing Cash Flow | -$5.9M-32.8% | -$4.5M+16.5% | -$5.3M-28.6% | -$4.2M-105.8% | $72.1M+196.9% | -$74.4M-5710.3% | -$1.3M+31.9% | -$1.9M |
| Financing Cash Flow | $13.1M+198.3% | -$13.3M-2025.3% | -$628K+95.8% | -$15.0M+94.7% | -$282.0M-178.6% | $358.6M+1807.8% | $18.8M-36.9% | $29.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TTGT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.7%-9.1pp | 63.8%+2.6pp | 61.3%+3.9pp | 57.3%-0.1pp | 57.5%-9.9pp | 67.4%+5.2pp | 62.1%+4.5pp | 57.6% |
| Operating Margin | -76.3%-65.8pp | -10.5%+77.7pp | -88.2%+253.9pp | -342.1%+132.4pp | -474.5%-426.8pp | -47.7%-24.8pp | -22.9%+31.8pp | -54.7% |
| Net Margin | -66.7%-60.0pp | -6.7%+56.0pp | -62.8%+269.6pp | -332.4%+171.4pp | -503.8%-464.3pp | -39.6%-11.8pp | -27.7%+36.1pp | -63.8% |
| Return on Equity | -13.5%-11.9pp | -1.6%+11.2pp | -12.8%+46.8pp | -59.6%-10.1pp | -49.5%-47.0pp | -2.5%+10.5pp | -13.0% | N/A |
| Return on Assets | -8.1%-7.1pp | -1.0%+6.8pp | -7.8%+28.6pp | -36.4%-1.6pp | -34.8%-33.0pp | -1.8%+11.2pp | -13.0% | N/A |
| Current Ratio | 1.15-0.1 | 1.23+0.1 | 1.13+0.2 | 0.960.0 | 0.95+0.1 | 0.85 | N/A | N/A |
| Debt-to-Equity | 0.67+0.1 | 0.58-0.1 | 0.65+0.0 | 0.64+0.2 | 0.43+0.2 | 0.27+0.3 | 0.00 | N/A |
| FCF Margin | -0.1%-8.3pp | 8.2%+15.8pp | -7.6%-8.8pp | 1.2%-10.6pp | 11.8%+41.0pp | -29.2%-21.9pp | -7.3%+39.5pp | -46.8% |
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Frequently Asked Questions
What is Techtarget's annual revenue?
Techtarget (TTGT) reported $486.8M in total revenue for fiscal year 2025. This represents a 70.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Techtarget's revenue growing?
Techtarget (TTGT) revenue grew by 70.9% year-over-year, from $284.9M to $486.8M in fiscal year 2025.
Is Techtarget profitable?
No, Techtarget (TTGT) reported a net income of -$1.0B in fiscal year 2025, with a net profit margin of -207.1%.
What is Techtarget's EBITDA?
Techtarget (TTGT) had EBITDA of -$920.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Techtarget's gross margin?
Techtarget (TTGT) had a gross margin of 60.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Techtarget's operating margin?
Techtarget (TTGT) had an operating margin of -210.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Techtarget's net profit margin?
Techtarget (TTGT) had a net profit margin of -207.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Techtarget's return on equity (ROE)?
Techtarget (TTGT) has a return on equity of -169.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Techtarget's free cash flow?
Techtarget (TTGT) generated $15.9M in free cash flow during fiscal year 2025. This represents a 124.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Techtarget's operating cash flow?
Techtarget (TTGT) generated $16.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Techtarget's total assets?
Techtarget (TTGT) had $937.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Techtarget's capital expenditures?
Techtarget (TTGT) invested $387K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Techtarget spend on research and development?
Techtarget (TTGT) invested $10.8M in research and development during fiscal year 2025.
What is Techtarget's current ratio?
Techtarget (TTGT) had a current ratio of 1.23 as of fiscal year 2025, which is considered adequate.
What is Techtarget's debt-to-equity ratio?
Techtarget (TTGT) had a debt-to-equity ratio of 0.58 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Techtarget's return on assets (ROA)?
Techtarget (TTGT) had a return on assets of -107.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Techtarget's Altman Z-Score?
Techtarget (TTGT) has an Altman Z-Score of -4.20, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Techtarget's Piotroski F-Score?
Techtarget (TTGT) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Techtarget's earnings high quality?
Techtarget (TTGT) has an earnings quality ratio of -0.02x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Techtarget?
Techtarget (TTGT) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.