| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net (loss) income | -88,846 | -69,156 |
| Gain on repurchase of long-term debt | 1,225 | 1,225 |
| Depreciation and amortization of property and equipment | 6,763 | 4,896 |
| Amortization of capitalized software development costs | 7,041 | 4,775 |
| Amortization of intangible assets | 34,903 | 21,539 |
| Amortization of discount on marketable securities | 784 | 721 |
| Stock-based compensation | 10,372 | 6,731 |
| Non-cash operating lease expense | 8,175 | 5,198 |
| Provision for credit losses | 5,614 | 1,464 |
| Amortization of debt issuance costs | 15,337 | 14,087 |
| Deferred income taxes | -42,709 | -31,847 |
| Impairment of assets | 15,614 | 15,614 |
| Unrealized foreign currency transaction losses (gains) | -6,677 | -4,145 |
| Other | -25 | -25 |
| Accounts receivable | -57,827 | -38,572 |
| Prepaid expenses and other current assets | -16,863 | -13,344 |
| Accounts payable and other current liabilities | -45,007 | -2,150 |
| Operating lease liabilities | -8,445 | -5,426 |
| Deferred revenue | -3,942 | -2,850 |
| Other non-current assets and liabilities | -6,091 | -7,063 |
| Net cash provided by operating activities | 344 | 24,078 |
| Acquisition of a business, net of cash acquired | 598,319 | 598,319 |
| Purchases of property and equipment | 4,853 | 4,064 |
| Capitalized software development costs | 12,020 | 7,105 |
| Purchases of marketable securities | 16,603 | 16,603 |
| Proceeds from sales and maturities of marketable securities | 86,471 | 77,221 |
| Other | 56 | -1 |
| Net cash (used in) provided by investing activities | -545,380 | -548,869 |
| Partial repayment of senior secured notes | - | 7,674 |
| Proceeds from the bridge facility | 625,000 | 625,000 |
| Repayments of borrowings under the bridge facility | 625,000 | 625,000 |
| Proceeds from senior secured notes | 625,305 | 625,305 |
| Partial repayment of long-term debt | 7,674 | - |
| Payment of deferred financing costs | 30,969 | 30,801 |
| Payment of stock issuance costs | 775 | 775 |
| Treasury stock repurchases and share withholdings on vested awards | 639 | 553 |
| Principal payments on finance lease obligations | 0 | 0 |
| Proceeds from bank overdrafts, net | 110 | 51 |
| Net cash provided by (used in) financing activities | 585,358 | 585,553 |
| Effect of exchange rate changes | 1,834 | 147 |
| Net increase in cash, cash equivalents and restricted cash | 42,156 | 60,909 |
| Cash and cash equivalents at beginning of period | 89,725 | - |
| Cash and cash equivalents at end of period | 131,881 | - |
Teads Holding Co. (TEAD)
Teads Holding Co. (TEAD)