comScore posts $65.5M net loss in Q3 2026

Management plans to direct a portion of expected savings toward its ROI strategy and long-term growth investments in 2027.

Available on EDGAR 11/03/2026 - 04:17 PM EST Accepted by SEC EDGAR 11/03/2026 - 04:17 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

comScore, Inc. reported third-quarter 2026 revenue of $76.2 million, down 14.3% from $88.9 million a year earlier; excluding the Movies business divested in May 2026, prior-year revenue was $79.4 million and the reported quarter was down 4.1% on that pro forma comparison. Net loss was $65.5 million, versus $0.5 million net income a year earlier, including a $57.3 million non-cash goodwill impairment and $5.5 million in restructuring costs. Adjusted EBITDA, a non-GAAP measure, was $5.8 million versus $11.0 million, with margins of 7.6% and 12.4%.

Core operating expenses were $79.6 million, down 8.0% from $86.6 million. The company generated $5.7 million in operating cash flow during the first nine months, versus $19.5 million a year earlier; cash, cash equivalents and restricted cash totaled $19.5 million as of September 30, 2026, including $0.2 million restricted. It repaid all senior secured credit-facility obligations in May; at quarter-end, debt obligations were finance-lease principal. Full-year 2026 outlook remains revenue of $315 million to $325 million and adjusted EBITDA margin in the low-to-mid single digits; expected annual run-rate savings from the realignment plan are $20 million to $25 million.

1 point · 0 major

NegativeiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 4 points

How the balance works

Positive

• Moderate pointSenior secured credit facility: all obligations repaid in May 2026.

Negative

• Major pointNet loss reached $65.5 million, including a $57.3 million non-cash goodwill impairment. 1.1× market cap
• Moderate pointQuarterly revenue fell 14.3% year over year to $76.2 million.
• Moderate pointAdjusted EBITDA was $5.8 million, versus $11.0 million a year earlier.
• Moderate pointNine-month operating cash flow was $5.7 million, versus $19.5 million in 2025.

Filing Explained

As of September 30, 2026, Comscore reported 12,670,863 Series C convertible redeemable preferred shares outstanding, unchanged from December 31, 2025, with a $183,728 thousand aggregate liquidation preference and a $89,654 thousand balance-sheet amount; common shares outstanding were 15,247,764.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Q3 2026 Revenue: $76.2 million Q3 2026 Net Loss: $65.5 million Q3 2026 Adjusted EBITDA: $5.8 million +5 more

8 metrics

Q3 2026 Revenue $76.2 million Three months ended September 30, 2026; down 14.3% from Q3 2025

Q3 2026 Net Loss $65.5 million Three months ended September 30, 2026

Q3 2026 Adjusted EBITDA $5.8 million Three months ended September 30, 2026; compared with $11.0 million in Q3 2025

Goodwill Impairment $57.3 million Three months ended September 30, 2026; non-cash charge

Operating Cash Flow $5.7 million Nine months ended September 30, 2026; compared with $19.5 million in the prior-year period

Cash, Cash Equivalents and Restricted Cash $19.5 million As of September 30, 2026; includes $0.2 million in restricted cash

Full-Year 2026 Revenue Outlook $315 million to $325 million Outlook reaffirmed

Expected Annual Run-Rate Cost Savings $20 million to $25 million Expected from the realignment plan

Key Terms

adjusted EBITDA margin, goodwill impairment charge, pro forma basis, contract liabilities, +1 more

5 terms

adjusted EBITDA margin financial

"adjusted EBITDA margins of 7.6% and 12.4%"

Adjusted EBITDA margin shows how much profit a company makes from its core operations, expressed as a percentage of its total revenue, after removing certain one-time or unusual expenses and income. It helps investors understand the company's true earning ability from regular business activities, making it easier to compare performance over time or with other companies. Think of it as measuring the efficiency of a business in turning sales into profits, excluding irregular adjustments.

goodwill impairment charge financial

"non-cash goodwill impairment charge of $57.3 million"

Goodwill impairment charge is an accounting write-down taken when the extra value a company recorded from buying another business — things like reputation, customer relationships or brand name — is later judged to be worth less than originally paid. For investors it matters because the charge reduces reported profits and shareholder equity, often signaling that an acquisition didn’t deliver expected benefits and prompting closer scrutiny of future cash flow and management decisions.

pro forma basis financial

"$79.4 million on a pro forma basis"

An accounting presentation that shows financial results after removing, adding, or adjusting items to reflect certain assumptions or hypothetical situations, such as excluding one-time charges or showing combined results after a merger. It matters to investors because it offers a clearer view of recurring performance or how results would look under specific scenarios, like comparing scores after neutralizing one-off events—similar to looking at a cleaned-up version of a household budget to see regular living costs.

contract liabilities financial

"Contract liabilities and customer advances"

Contract liabilities are amounts a company has been paid in advance for goods or services it still owes to customers — think of them like gift cards or prepaid subscriptions the company must fulfill later. For investors, they show promised future work or deliveries that will turn into revenue over time, reveal cash already collected, and help assess whether a firm has a backlog of obligations that could affect future earnings and cash flow.

operating right-of-use assets financial

"Operating right-of-use assets"

Operating right-of-use assets are the recorded value of something a company has the legal right to use under a lease—like equipment, office space, or vehicles—without owning it. Investors care because recognizing these assets (and the matching lease liabilities) changes a company’s balance sheet and key metrics such as leverage and operating profit, similar to how renting furniture would still affect your household budget and long-term obligations.

Earnings Snapshot

Revenue: $76.2 million · Guidance included

Third quarter 2026

Revenue $76.2 million Down 14.3% from $88.9 million in Q3 2025.

Net loss $65.5 million Compared with $0.5 million net income in Q3 2025.

Adjusted EBITDA $5.8 million Compared with $11.0 million in Q3 2025.

Adjusted EBITDA margin 7.6% Compared with 12.4% in Q3 2025.

Guidance

Full-year 2026 revenue of $315 million to $325 million and adjusted EBITDA margin in the low-to-mid single digits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was SCOR's Q3 2026 revenue?

SCOR reported revenue of $76.2 million for the three months ended September 30, 2026, compared with $88.9 million in Q3 2025. Excluding $9.5 million of Q3 2025 Movies revenue, prior-year revenue was $79.4 million, making the reported quarter 4.1% lower on that pro forma basis.

Why did SCOR report a net loss in Q3 2026?

The company reported a $65.5 million net loss, primarily due to a $57.3 million non-cash goodwill impairment charge and $5.5 million in restructuring costs. It reported $0.5 million of net income in Q3 2025.

Which SCOR business segments declined in Q3 2026?

Content & Ad Measurement revenue decreased 14.4% year over year, or 2.1% on a pro forma basis. Research & Insight Solutions revenue decreased 13.9%, while Cross-Platform revenue was flat. Lower Syndicated Audience revenue and lower performance in syndicated digital products were cited for Content & Ad Measurement.

How much term-loan principal did SCOR pay during the first nine months of 2026?

SCOR made $44.55 million in term-loan principal payments during the nine months ended September 30, 2026. The company said it repaid all obligations under its senior secured credit facility in May 2026; quarter-end debt obligations consisted of finance-lease principal.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0001158172false00011581722026-11-032026-11-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): November 3, 2026

COMSCORE, INC.

(Exact name of registrant as specified in charter) 

Delaware

001-33520

54-1955550

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

11950 Democracy Drive

Suite 600

Reston, Virginia 20190

(Address of principal executive offices, including zip code)

(703) 438–2000

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol

Name of Each Exchange on Which Registered

Common Stock, par value $0.001 per share

SCOR

NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

1

Item 2.02 Results of Operations and Financial Condition.

On November 3, 2026, comScore, Inc. issued a press release announcing its financial results for the period ended September 30, 2026. A copy of the press release announcing the foregoing is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

The information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.						Description
99.1						Press Release dated November 3, 2026
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101.PRE						Inline XBRL Taxonomy Extension Presentation Linkbase Document.
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2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

comScore, Inc.
By:						/s/ Mary Margaret Curry
						Mary Margaret Curry
						Chief Financial Officer and Treasurer

Date: November 3, 2026

3

Exhibit 99.1

FOR IMMEDIATE RELEASE

Comscore Reports Third Quarter 2026 Results

Executing Against Transformational ROI Strategy for Long-Term Value Creation

Reaffirming Full Year 2026 Outlook

RESTON, Va., November 3, 2026 – comScore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media across platforms, today reported financial results for the quarter ended September 30, 2026.

"During the third quarter, we announced our transformational ROI strategy, which was designed to realign our business and cost structure, optimize our operations, and invest in higher-potential growth areas. Our team executed against this new operating model with a strong sense of urgency, allowing us to achieve significant cost savings in the quarter," said Matt McLaughlin, Chief Executive Officer of Comscore. "We are taking aggressive actions to rationalize our operational footprint and are focused on serving customers in our core business, as well as identifying and capitalizing on long-term growth opportunities in the evolving media landscape. I'm proud of the difficult work our team has done to execute against our plan and remain confident that we will exit the year well positioned to transform the business in 2027 and begin investing for long-term growth."

Business and Financial Highlights

•Revenue for the third quarter was $76.2 million compared to $88.9 million in Q3 2025 ($79.4 million in Q3 2025 on a pro forma basis, excluding revenue of $9.5 million from the recently divested Movies business)

•Net loss of $65.5 million compared to net income of $0.5 million in Q3 2025, primarily due to a non-cash goodwill impairment charge of $57.3 million and restructuring costs of $5.5 million in Q3 2026

•Adjusted EBITDA1 of $5.8 million compared to $11.0 million in Q3 2025

•Reaffirming full year 2026 outlook, with revenue range between $315 million and $325 million

Third Quarter Summary Results

Revenue in the third quarter was $76.2 million, down 14.3% from $88.9 million in the third quarter of 2025, and down 4.1% from $79.4 million on a pro forma basis, excluding revenue from the Movies business divested in May 2026. Content & Ad Measurement revenue decreased 14.4% (2.1% decrease on a pro forma basis) compared to the prior-year quarter due to lower Syndicated Audience revenue, primarily related to the divestiture of the Movies business, as well as lower performance in syndicated digital products. Cross-Platform revenue was flat compared to the prior-year period, with lower usage in Proximic offset by new business in CCM. Research & Insight Solutions revenue decreased 13.9% from the prior-year period, primarily due to lower renewals and lower deliveries of certain custom digital products.

Core operating expenses, which include cost of revenues, sales and marketing, research and development and general and administrative expenses, were $79.6 million for the quarter, down 8.0% compared to $86.6 million in the third quarter of last year, primarily due to lower employee compensation, data costs, and facilities expense.

Due in part to a decline in the Company's stock price and market capitalization and the implementation of the realignment plan in the third quarter, management performed an interim review of the Company's goodwill, which resulted in a non-cash goodwill impairment charge of $57.3 million during the three months ended September 30, 2026. This charge does not directly impact the Company's liquidity, cash flows, or future operations.

Primarily due to the goodwill impairment charge and restructuring costs, net loss for the quarter was $65.5 million compared to net income of $0.5 million in the prior-year period, resulting in net (loss) income margins of (86.0)% and 0.5% of revenue, respectively. Loss per share attributable to common shares was $(4.26) for the third quarter of 2026. After accounting for dividends on the Company's then-outstanding Series B convertible preferred stock, loss per share attributable to common shares was $(0.86) for the third quarter of 2025.

1 Adjusted EBITDA and adjusted EBITDA margin are non-GAAP measures defined in the "Third Quarter Summary Results" section and are reconciled to net income (loss) and net income (loss) margin in the addendum of this release.

Non-GAAP adjusted EBITDA for the quarter was $5.8 million, compared to $11.0 million in the prior-year period, resulting in adjusted EBITDA margins of 7.6% and 12.4%, respectively. Adjusted EBITDA and adjusted EBITDA margin exclude depreciation and amortization, net interest expense, income taxes, impairment charges, stock-based compensation expense, transformation costs, restructuring costs, strategic transaction costs, gain/loss from foreign currency transactions, loss on extinguishment of debt, gain/loss on divestiture of business, and other items as presented in the accompanying tables.

Balance Sheet and Liquidity

As of September 30, 2026, cash, cash equivalents and restricted cash totaled $19.5 million, including $0.2 million in restricted cash. Net cash used during the third quarter of 2026 included payments related to the Company's restructuring plan of $3.0 million and payments for strategic transaction costs of $1.9 million primarily related to the divestiture of the Movies business.

As of September 30, 2026, the Company's only debt obligations consisted of outstanding principal on finance leases related to equipment purchases. The Company repaid all outstanding obligations under its senior secured credit facility in May 2026.

2026 Outlook

Mary Margaret Curry, Comscore's Chief Financial Officer, concluded, "We are in the early innings of executing our ROI strategy, which is rooted in building a foundation for long-term value creation, and we are already seeing signs of progress. Our outlook for the full year 2026 is unchanged, with revenue expected to be between $315 million and $325 million and an adjusted EBITDA margin in the low-to-mid single digits. We remain focused on our transformation efforts as we close out the year, and we are on track to generate the $20 to $25 million in annual run-rate cost savings we expected from our realignment plan. We plan to use a portion of these savings to execute our ROI strategy and invest in long-term growth opportunities as we move into 2027."

The Company does not provide GAAP net income (loss) or net income (loss) margin on a forward-looking basis because it is unable to predict with reasonable certainty its future stock-based compensation expense, fair value adjustments, litigation and restructuring expense, strategic transaction costs, foreign currency transaction impact, and any unusual gains or losses without unreasonable effort. These items are uncertain, depend on various factors, and could be material to results computed in accordance with GAAP. For this reason, the Company is unable without unreasonable effort to provide a reconciliation of adjusted EBITDA or adjusted EBITDA margin to the most directly comparable GAAP measure, GAAP net income (loss) and net income (loss) margin, on a forward-looking basis.

Conference Call Information for Today, Tuesday, November 3, 2026 at 5:00 p.m. ET

Management will host a conference call to discuss the results on Tuesday, November 3, 2026 at 5:00 p.m. ET. The live audio webcast along with supplemental information will be accessible at ir.comscore.com/events-presentations. Participants can obtain dial-in information by registering for the call at the same web address and are advised to register in advance of the call to avoid delays. Following the conference call, a replay will be available via webcast at ir.comscore.com/events-presentations.

About Comscore

Comscore is a trusted global partner for planning, activating and evaluating media across platforms. Its unmatched data footprint brings together Connected TV (CTV), digital, national and local linear TV intelligence with advanced audience insights to help media buyers and sellers understand how audiences engage across screens and make business decisions with confidence. Comscore is a preeminent provider of independent, comprehensive cross-platform measurement and decisioning solutions designed to improve outcomes at scale.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal and state securities laws, including, without limitation, the Company's expectations, forecasts, plans and opinions regarding future value creation; the timing, scope and impact of the Company's realignment plan and ROI-based operating model; the amount and potential use of expected cost savings from the realignment plan; planned operational improvements; future growth opportunities and investments; and full year 2026 revenue and adjusted EBITDA performance. These statements involve risks and

uncertainties that could cause actual events to differ materially from expectations, including, but not limited to, impediments to the Company's ability to execute the realignment plan as currently contemplated; higher-than-expected costs to implement the plan; changes to the assumptions upon which the estimated charges and savings are based; unintended consequences from the plan that could negatively impact the Company's business or strategy; cash flow and liquidity challenges related to plan implementation and the loss of non-strategic revenue; changes in the Company's business, customer or vendor relationships, including evolving restrictions on data collection and matching; litigation and regulatory costs; external market conditions; and the Company's ability to achieve its expected strategic, financial and operational plans. For additional discussion of risk factors, please refer to the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and other filings that the Company makes from time to time with the U.S. Securities and Exchange Commission (the "SEC"), which are available on the SEC's website (www.sec.gov).

Investors are cautioned not to place undue reliance on the Company's forward-looking statements, which speak only as of the date such statements are made. Except as required by law, the Company does not intend or undertake, and expressly disclaims any duty or obligation, to publicly update any forward-looking statements to reflect events, circumstances or new information after the date of this press release or to reflect the occurrence of unanticipated events.

Use of Non-GAAP Financial Measures

To provide investors with additional information regarding the Company's financial results, the Company is disclosing in this press release adjusted EBITDA and adjusted EBITDA margin, which are non-GAAP financial measures used by management to understand and evaluate the Company's core operating performance and trends. Management believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating the Company's operating results, as they permit investors to view core business performance using the same metrics that management uses to evaluate performance. Nevertheless, the Company's use of these non-GAAP financial measures has limitations as an analytical tool, and investors should not consider these measures in isolation or as a substitute for analysis of the Company's results as reported under GAAP. Instead, investors should consider these measures alongside GAAP-based financial performance measures, net income (loss), net income (loss) margin, various cash flow metrics, and the Company's other GAAP financial results. Set forth below are reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures, net income (loss) and net income (loss) margin. These reconciliations should be carefully evaluated.

Media

Marie Scoutas

Comscore, Inc.

(917) 213-2032

Press@comscore.com

Investors

Jackie Marcus or Nick Nelson

Alpha IR Group

(617) 466-9257

Investor@comscore.com

COMSCORE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

			As of						As of
			September 30, 2026						December 31, 2025
(In thousands, except share and per share data)			(Unaudited)
Assets
Current assets:
Cash and cash equivalents			$	19,280					$	23,621
Restricted cash			197						3,179
Accounts receivable, net of allowances of $518 and $496, respectively			39,432						57,260
Prepaid expenses and other current assets			16,065						12,210
Total current assets			74,974						96,270
Property and equipment, net			38,616						43,714
Operating right-of-use assets			4,062						8,565
Deferred tax assets			2,628						3,154
Intangible assets, net			632						2,529
Goodwill			127,870						248,636
Other non-current assets			6,231						4,841
Total assets			$	255,013					$	407,709
Liabilities, Convertible Redeemable Preferred Stock and Stockholders' Equity
Current liabilities:
Accounts payable			$	22,482					$	16,956
Accrued expenses			42,059						44,879
Contract liabilities			31,438						36,575
Customer advances			4,499						7,605
Current operating lease liabilities			6,234						8,783
Other current liabilities			5,066						8,093
Total current liabilities			111,778						122,891
Secured term loan			—						39,297
Non-current operating lease liabilities			803						6,238
Non-current portion of accrued data costs			19,553						24,917
Deferred tax liabilities			—						1,997
Non-current payable to preferred stockholders			4,920						4,457
Other non-current liabilities			3,955						6,751
Total liabilities			141,009						206,548
Commitments and contingencies
Series C convertible redeemable preferred stock, $0.001 par value; 12,670,863 shares authorized, issued and outstanding as of September 30, 2026 and December 31, 2025; aggregate liquidation preference of $183,728 as of September 30, 2026 and December 31, 2025			89,654						89,722
Stockholders' equity:
Preferred stock, $0.001 par value; 1,329,137 shares authorized as of September 30, 2026 and December 31, 2025; no shares issued or outstanding as of September 30, 2026 or December 31, 2025			—						—
Common stock, $0.001 par value; 46,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 15,586,003 shares issued and 15,247,764 shares outstanding as of September 30, 2026, and 15,214,378 shares issued and 14,876,139 shares outstanding as of December 31, 2025			15						15
Additional paid-in capital			1,784,117						1,781,265
Accumulated other comprehensive loss			(13,275)						(9,862)
Accumulated deficit			(1,516,523)						(1,429,995)
Treasury stock, at cost, 338,239 shares as of September 30, 2026 and December 31, 2025			(229,984)						(229,984)
Total stockholders' equity			24,350						111,439
Total liabilities, convertible redeemable preferred stock and stockholders' equity			$	255,013					$	407,709

COMSCORE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME

(Unaudited)

			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands, except share and per share data)			2026						2025						2026						2025
Revenues			$	76,158					$	88,906					$	240,726					$	264,004
Cost of revenues (1) (2)			47,324						52,783						151,294						157,629
Selling and marketing (1) (2)			11,262						14,551						41,696						46,017
Research and development (1) (2)			6,456						7,184						21,396						23,106
General and administrative (1) (2)			14,566						12,050						42,344						37,397
Amortization of intangible assets			633						633						1,897						1,897
Impairment of goodwill			57,300						—						57,300						—
Restructuring			5,496						—						5,496						—
(Gain) loss on divestiture of business, net			(116)						—						2,566						—
Total expenses from operations			142,921						87,201						323,989						266,046
(Loss) income from operations			(66,763)						1,705						(83,263)						(2,042)
Other income, net			1,256						—						1,673						—
Interest expense, net			(171)						(1,699)						(2,942)						(5,010)
(Loss) gain from foreign currency transactions			(266)						136						1,494						(5,410)
Loss on extinguishment of debt			—						—						(3,970)						—
(Loss) income before income taxes			(65,944)						142						(87,008)						(12,462)
Income tax benefit (provision)			449						311						480						(570)
Net (loss) income			$	(65,495)					$	453					$	(86,528)					$	(13,032)
Net loss available to common stockholders:
Net (loss) income			$	(65,495)					$	453					$	(86,528)					$	(13,032)
Convertible redeemable preferred stock dividends			—						(4,971)						—						(13,904)
Total net loss available to common stockholders			$	(65,495)					$	(4,518)					$	(86,528)					$	(26,936)
Net loss per common share:
Basic and diluted			$	(4.26)					$	(0.86)					$	(5.67)					$	(5.24)
Weighted-average number of shares used in per share calculation - Common Stock:
Basic and diluted			15,387,694						5,252,039						15,257,019						5,136,696
Comprehensive (loss) income:
Net (loss) income			$	(65,495)					$	453					$	(86,528)					$	(13,032)
Other comprehensive (loss) income:
Foreign currency cumulative translation adjustment			(479)						(325)						(2,968)						7,590
Total comprehensive (loss) income			$	(65,974)					$	128					$	(89,496)					$	(5,442)
(1) Excludes amortization of intangible assets, which is presented as a separate line item.
(2) Stock-based compensation expense is included in the line items above as follows:
			Three Months Ended September 30,												Nine Months Ended September 30,
			2026						2025						2026						2025
Cost of revenues			$	75					$	54					$	145					$	615
Selling and marketing			9						17						140						524
Research and development			47						31						83						367
General and administrative			842						275						1,341						1,357
Total stock-based compensation expense			$	973					$	377					$	1,709					$	2,863

COMSCORE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

			Nine Months Ended September 30,
(In thousands)			2026						2025
Operating activities:
Net loss			$	(86,528)					$	(13,032)
Adjustments to reconcile net loss to net cash provided by operating activities:
Impairment of goodwill			57,300						—
Depreciation			17,239						17,650
Non-cash loss on extinguishment of debt			3,477						—
Non-cash operating lease expense			3,268						3,744
Amortization expense of finance leases			2,744						2,794
Amortization of intangible assets			1,897						1,897
Stock-based compensation expense			1,709						2,863
Gain on divestiture of business			(1,294)						—
Deferred tax (benefit) provision			(1,865)						520
Unrealized foreign currency (gain) loss			(2,158)						4,788
Other			1,639						1,984
Changes in operating assets and liabilities:
Accounts receivable			16,481						13,990
Prepaid expenses and other assets			(1,559)						504
Accounts payable, accrued expenses and other liabilities			5,487						(3,214)
Contract liabilities and customer advances			(5,567)						(8,454)
Operating lease liabilities			(6,577)						(6,545)
Net cash provided by operating activities			5,693						19,489
Investing activities:
Proceeds from divestiture of business, net of cash transferred			55,740						—
Purchases of property and equipment			(756)						(649)
Capitalized internal-use software costs			(16,689)						(16,757)
Net cash provided by (used in) investing activities			38,295						(17,406)
Financing activities:
Principal payments of term loan			(44,550)						(338)
Principal payments on finance leases			(3,001)						(2,978)
Principal payments on insurance financing			(1,957)						(1,796)
Payment of preferred stock and common stock issuance costs			(1,219)						—
Contingent consideration payment at initial value			—						(859)
Payment of financing and debt issuance costs			—						(559)
Other			(503)						(6)
Net cash used in financing activities			(51,230)						(6,536)
Effect of exchange rate changes on cash, cash equivalents and restricted cash			(81)						868
Net decrease in cash, cash equivalents and restricted cash			(7,323)						(3,585)
Cash, cash equivalents and restricted cash at beginning of period			26,800						33,468
Cash, cash equivalents and restricted cash at end of period			$	19,477					$	29,883

			As of September 30,
			2026						2025
Cash and cash equivalents			$	19,280					$	26,705
Restricted cash			197						3,178
Total cash, cash equivalents and restricted cash			$	19,477					$	29,883

Reconciliation of Non-GAAP Financial Measures

The following table presents a reconciliation of GAAP net (loss) income and net (loss) income margin to non-GAAP adjusted EBITDA and adjusted EBITDA margin for each of the periods identified:

			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2026 (Unaudited)						2025 (Unaudited)						2026 (Unaudited)						2025 (Unaudited)
GAAP net (loss) income			$	(65,495)					$	453					$	(86,528)					$	(13,032)
Depreciation			5,490						5,976						17,239						17,650
Amortization expense of finance leases			906						937						2,744						2,794
Amortization of intangible assets			633						633						1,897						1,897
Interest expense, net			171						1,699						2,942						5,010
Income tax (benefit) provision			(449)						(311)						(480)						570
EBITDA			(58,744)						9,387						(62,186)						14,889
Adjustments:
Impairment of goodwill			57,300						—						57,300						—
Restructuring			5,496						—						5,496						—
Stock-based compensation expense			973						377						1,709						2,863
Strategic transaction costs (1)			588						538						2,909						538
Loss (gain) from foreign currency transactions			266						(136)						(1,494)						5,410
Transformation costs (2)			31						507						1,203						2,549
Amortization of cloud-computing implementation costs			25						362						735						1,071
Loss on extinguishment of debt			—						—						3,970						—
(Gain) loss on divestiture of business, net			(116)						—						2,566						—
Non-GAAP adjusted EBITDA			$	5,819					$	11,035					$	12,208					$	27,320
Net (loss) income margin (3)			(86.0)		%				0.5		%				(35.9)		%				(4.9)		%
Non-GAAP adjusted EBITDA margin (4)			7.6		%				12.4		%				5.1		%				10.3		%

(1) Strategic transaction costs represent third-party professional fees and other charges incurred in connection with strategic transactions, including mergers, acquisitions, financings and dispositions, regardless of whether consummated, which the Company otherwise would not have incurred as part of its normal business operations.

(2) Transformation costs represent (1) expenses incurred prior to formal launch of identified strategic projects with anticipated long-term benefits to the Company, generally relating to third-party professional fees and non-capitalizable technology costs tied directly to the identified projects and (2) severance costs associated with the reorganization of teams in connection with the identified projects.

(3) Net (loss) income margin is calculated by dividing net (loss) income by revenues reported on the Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income for the applicable period.

(4) Non-GAAP adjusted EBITDA margin is calculated by dividing adjusted EBITDA by revenues reported on the Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income for the applicable period.

Revenues

Revenues from the Company's offerings of products and services are as follows:

			Three Months Ended September 30,
(In thousands)			2026 (Unaudited)						% of Revenue						2025 (Unaudited)						% of Revenue						$ Variance						% Variance
Content & Ad Measurement
Syndicated Audience (1)			$	52,442					68.9		%				$	63,220					71.1		%				$	(10,778)					(17.0)		%
Cross-Platform			12,186						16.0		%				12,299						13.8		%				(113)						(0.9)		%
Total Content & Ad Measurement			64,628						84.9		%				75,519						84.9		%				(10,891)						(14.4)		%
Research & Insight Solutions			11,530						15.1		%				13,387						15.1		%				(1,857)						(13.9)		%
Total revenues			$	76,158					100.0		%				$	88,906					100.0		%				$	(12,748)					(14.3)		%
(1) Syndicated Audience revenue includes revenue from the Movies business of $9.5 million in the third quarter of 2025. No Movies revenue was included in the third quarter of 2026 due to the divestiture of the Movies business on May 27, 2026.

			Nine Months Ended September 30,
(In thousands)			2026 (Unaudited)						% of Revenue						2025 (Unaudited)						% of Revenue						$ Variance						% Variance
Content & Ad Measurement
Syndicated Audience (1)			$	168,202					69.9		%				$	190,677					72.2		%				$	(22,475)					(11.8)		%
Cross-Platform			37,316						15.5		%				34,761						13.2		%				2,555						7.4		%
Total Content & Ad Measurement			205,518						85.4		%				225,438						85.4		%				(19,920)						(8.8)		%
Research & Insight Solutions			35,208						14.6		%				38,566						14.6		%				(3,358)						(8.7)		%
Total revenues			$	240,726					100.0		%				$	264,004					100.0		%				$	(23,278)					(8.8)		%
(1) Syndicated Audience revenue includes revenue from the Movies business, which decreased from $28.5 million in the nine months ended September 30, 2025 to $16.2 million in the nine months ended September 30, 2026 due to the divestiture of the Movies business on May 27, 2026.

Filing Exhibits & Attachments

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• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
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