TTGT TechTarget, Inc.

Overview and Growth

TechTarget, Inc. generated $486.79M of revenue in fiscal 2025, with net loss of $1.01B and an operating cash inflow of $16.34M. Revenue of $486.79M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $284.90M in fiscal 2024, revenue recorded a 70.9% year-over-year increase. Diluted earnings per share were -$14.06, translating the period’s attributable earnings into the amount reported for each diluted share. Total assets stood at $937.31M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.52x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $293.26M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 60.2% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was an operating loss of $1.03B, reflecting costs that exceeded gross profit. Relative to revenue, the operating deficit measured 210.7%, showing the shortfall after operating costs. After all below-operating-line items, the company recorded a net loss of $1.01B for the fiscal year. Net margin was -207.1%, reflecting a loss equal to 207.1% of reported revenue. EBITDA was negative $1.02B, showing a deficit before interest, taxes, depreciation, and amortization. The pretax result was a loss of $1.04B, establishing the deficit before tax effects. The pretax loss equaled 214.0% of revenue, measuring the pre-tax deficit against sales. An income-tax benefit of $33.42M improved the final result relative to pretax income or loss. The loss-to-equity relationship was 169.6%, placing the bottom-line deficit against shareholder capital. The net loss equaled 107.6% of period-end assets, showing the deficit relative to the asset base. The net loss widened to $1.01B from $116.86M in fiscal 2024.

Liquidity and Capital Structure

Total assets were $937.31M, supported by $342.69M of liabilities and $594.62M of shareholder equity. Current assets were $155.38M against $126.62M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 1.23x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $40.63M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 32.1% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Book equity represented 63.4% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 36.6%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 4.3% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 58.6% from $2.27B in fiscal 2024, leaving current total assets lower year over year. Book equity was 62.2% lower than fiscal 2024 equity of $1.57B, showing how shareholder capital changed year over year. Cash and equivalents were 85.3% lower than fiscal 2024 cash of $275.98M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported $16.34M of operating cash flow, a cash inflow that shows the cash generated by operations. The cash-flow statement records $387.00K of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 2.4% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $15.95M, leaving a positive amount after capital expenditures. The free-cash-flow margin was 3.3%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 1.7% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.