The company has significantly improved its financial position by reducing total debt from $202.9 million in 2023Q3 to just $24.8 million in 2025Q3, resulting in a negligible debt-to-equity ratio of 0.02.
| Total Current Assets | 317.21M | 254.46M | 264.93M | 221.15M | 170.16M | 129.52M | 101.39M |
| Cash & Short-Term Investments | 129.2M | 84.47M | 124.76M | 86.88M | 73.21M | 51.73M | 26.28M |
| Cash Only | 129.2M | 84.47M | 124.76M | 86.88M | 73.21M | 51.73M | 26.28M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 133.62M | 132.84M | 121.16M | 109.46M | 89.25M | 73.5M | 66.21M |
| Days Sales Outstanding | 82.73 | 91.47 | 93.22 | 97.84 | 100.7 | 111.49 | 113.21 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 54.09M | 37.15M | 19.01M | 24.81M | 70K | 187K | 1.45M |
| Total Non-Current Assets | 890.61M | 897.11M | 926.79M | 947.54M | 959.37M | 720.06M | 773.84M |
| Property, Plant & Equipment | 24.18M | 21.89M | 25.44M | 25.2M | 1.41M | 2.24M | 4.32M |
| Fixed Asset Turnover | 24.67x | 24.21x | 18.65x | 16.20x | 228.95x | 107.28x | 49.38x |
| Goodwill | 677.63M | 673.02M | 675.28M | 674.09M | 676.51M | 458.59M | 457.65M |
| Intangible Assets | 177.34M | 194.58M | 219.21M | 241.2M | 276.42M | 255.67M | 308.41M |
| Long-Term Investments | 2.44M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 6.56M | 5.94M | 4.4M | 5.02M | 4.14M | 3.56M | 3.46M |
| Total Assets | 1.21B | 1.15B | 1.19B | 1.17B | 1.13B | 849.58M | 875.23M |
| Asset Turnover | 0.51x | 0.46x | 0.40x | 0.35x | 0.29x | 0.28x | 0.24x |
| Asset Growth % | 4.36% | -3.37% | 1.97% | 3.47% | 32.95% | -2.93% | - |
| Total Current Liabilities | 71.64M | 84.17M | 82.47M | 67.77M | 56.49M | 40.41M | 28.3M |
| Accounts Payable | 3.37M | 16.2M | 12.09M | 10.49M | 8.31M | 8.81M | 4.64M |
| Days Payables Outstanding | 18.35 | 51.9 | 44.42 | 50.53 | 55.56 | 79.37 | 51.21 |
| Short-Term Debt | 11.36M | 0 | 0 | 0 | 1.98M | 0 | 0 |
| Deferred Revenue (Current) | 4.99M | 1.06M | 682K | 99K | 160K | 1.14M | 1.5M |
| Other Current Liabilities | 26.47M | 19.78M | 20.41M | 16.53M | 17.75M | 11.88M | 9.43M |
| Current Ratio | 4.43x | 3.02x | 3.21x | 3.26x | 3.01x | 3.21x | 3.58x |
| Quick Ratio | 4.43x | 3.02x | 3.21x | 3.26x | 3.01x | 3.21x | 3.58x |
| Cash Conversion Cycle | 64.38 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 31.22M | 59.39M | 199.8M | 292.7M | 305.86M | 377.69M | 387.26M |
| Long-Term Debt | 0 | 34.19M | 153.72M | 223.26M | 242.8M | 351.07M | 345.33M |
| Capital Lease Obligations | 56.12M | 13.37M | 19.52M | 22.88M | 0 | 0 | 215K |
| Deferred Tax Liabilities | 13.84M | 3.12M | 20.37M | 45.49M | 53.52M | 24.79M | 40.1M |
| Other Non-Current Liabilities | 8.81M | 8.71M | 6.18M | 1.07M | 9.54M | 1.83M | 1.62M |
| Total Liabilities | 102.86M | 143.56M | 282.27M | 360.47M | 362.35M | 418.1M | 415.56M |
| Total Debt | 24.78M | 57.75M | 182.68M | 252.89M | 244.77M | 351.4M | 346.97M |
| Net Debt | -104.43M | -26.72M | 57.92M | 166.01M | 171.56M | 299.66M | 320.69M |
| Debt / Equity | 0.02x | 0.06x | 0.20x | 0.31x | 0.32x | 0.81x | 0.75x |
| Debt / EBITDA | 0.20x | 0.46x | 2.54x | 3.86x | 8.36x | 6.78x | 9.50x |
| Net Debt / EBITDA | -0.84x | -0.21x | 0.80x | 2.53x | 5.86x | 5.78x | 8.78x |
| Interest Coverage | 93.78x | 11.27x | 1.40x | 2.45x | -1.91x | -0.44x | -1.02x |
| Total Equity | 1.1B | 1.01B | 909.46M | 808.22M | 767.19M | 431.48M | 459.67M |
| Equity Growth % | 48.49% | 10.84% | 12.53% | 5.35% | 77.8% | -6.13% | - |
| Book Value per Share | 6.51 | 6.09 | 5.62 | 5.14 | 5.34 | 2.85 | 3.04 |
| Total Shareholders' Equity | 1.1B | 1.01B | 909.46M | 808.22M | 767.19M | 431.48M | 459.67M |
| Common Stock | 166K | 163K | 159K | 154K | 154K | 553.72M | 553.86M |
| Retained Earnings | 78.19M | 46.75M | 8.95M | 775K | -14.6M | -126.76M | -94.36M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.54M | -3.67M | -916K | -2.9M | -315K | 4.52M | 175K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill impairment sensitivity
As reported in recent financial filings, IAS has successfully reduced its total debt from $202.9 million in 2023Q3 to $24.8 million by 2025Q3, signaling a deliberate shift toward a cleaner capital structure that significantly lowers interest expense and improves the company's overall financial flexibility.
The consistent reduction in debt obligations over the past ten quarters suggests management is prioritizing balance sheet health to navigate ad-tech volatility. This trajectory indicates a transition toward a self-funded growth model, which may provide a buffer against potential sector-wide cyclical downturns.
Based on the company's reported figures, the debt-to-equity ratio has compressed from 0.25 in 2023Q2 to a negligible 0.02 in 2025Q3, reflecting a strategic move to eliminate interest-bearing liabilities and reduce the financial risk profile of the organization in a high-rate environment.
The current debt load is minimal, suggesting that IAS is not reliant on external financing to sustain its core operations. This lack of leverage provides the company with significant optionality, though investors should monitor whether this capital efficiency is maintained if future M&A opportunities arise.
According to quarterly balance sheet data, goodwill remains a substantial component of total assets at $677.6 million as of 2025Q3, representing over 50% of the company's asset base and highlighting a reliance on past acquisitions to drive the current competitive market position.
The high concentration of intangible assets suggests that the company's valuation is heavily tied to the success of previous integrations. Should the performance of these acquired units falter, the company may face significant impairment risks that could negatively impact the reported book value of equity.
As evidenced by recent financial statements, the current ratio has improved to 4.43 in 2025Q3, up from 3.47 in 2023Q3, indicating that the company has significantly bolstered its ability to meet short-term obligations through a more robust cash position relative to its current liabilities.
The expansion of the current ratio suggests that IAS is effectively managing its working capital, providing a comfortable cushion against operational shocks. This liquidity profile appears sufficient to support ongoing R&D investments and potential fluctuations in cloud computing costs.
Based on reported figures, retained earnings have turned positive and grown to $78.2 million in 2025Q3, marking a notable recovery from the negative $1.2 million balance observed in 2023Q3 and reflecting the company's progress toward consistent, albeit modest, cumulative profitability.
The transition to positive retained earnings suggests that the business is beginning to generate value beyond its initial capital base. However, the pace of this accumulation remains sensitive to the ongoing impact of stock-based compensation, which continues to influence the quality of equity growth.
Quick answers to the most common questions about buying IAS stock.
As of 2024, Integral Ad Science Holding Corp. (IAS) had total assets of $1.15B including $254.5M in current assets.
Integral Ad Science Holding Corp. (IAS) carries total debt of $57.7M, offset by $84.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Integral Ad Science Holding Corp. (IAS) has total shareholders' equity (book value) of $1.01B ($6.09 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Integral Ad Science Holding Corp. (IAS) reported a current ratio of 3.02x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.