The company maintains a disciplined capital structure with a debt-to-equity ratio of 0.16, though the balance sheet remains heavily weighted by $555.9 million in goodwill.
| Total Current Assets | 521.09M | 558.03M | 656M | 559.41M | 593.91M | 628.95M | 426.13M | 312.99M |
| Cash & Short-Term Investments | 150.28M | 120.86M | 230.36M | 181.83M | 262.81M | 319.32M | 242.81M | 115.88M |
| Cash Only | 150.28M | 120.86M | 226.58M | 176.11M | 165.89M | 319.32M | 242.81M | 86.92M |
| Short-Term Investments | 0 | 0 | 3.78M | 5.72M | 96.91M | 0 | 0 | 28.96M |
| Accounts Receivable | 309.91M | 360.17M | 370.11M | 306.31M | 256.71M | 245.24M | 158.05M | 154.76M |
| Days Sales Outstanding | 59.62 | 68.75 | 203.25 | 77.66 | 66.87 | 64.94 | 48.52 | 51.64 |
| Inventory | 0 | 0 | 0 | 1.41M | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | 0.51 | - | - | - | - |
| Other Current Assets | 60.91M | 77M | 5.51M | 20.99M | 8.01M | 16.3M | 17.67M | 22.09M |
| Total Non-Current Assets | 1.03B | 1.05B | 1.06B | 1.15B | 935.72M | 968.37M | 154.03M | 169.11M |
| Property, Plant & Equipment | 168.71M | 174.5M | 128.38M | 133.9M | 139.87M | 128.36M | 120.95M | 134.96M |
| Fixed Asset Turnover | 15.95x | 10.96x | 5.18x | 10.75x | 10.02x | 10.74x | 9.83x | 8.10x |
| Goodwill | 555.93M | 555.93M | 555.93M | 555.93M | 555.87M | 550.38M | 19.21M | 19.21M |
| Intangible Assets | 5.54M | 13.93M | 65.07M | 125.26M | 189.16M | 250.92M | 3.9M | 6.46M |
| Long-Term Investments | 1.46M | 0 | 0 | 0 | 0 | 0 | 5.29M | 0 |
| Other Non-Current Assets | 280.14M | 286.83M | 313.27M | 333.3M | 47M | 36.82M | 3.3M | 7.81M |
| Total Assets | 1.56B | 1.61B | 1.72B | 1.71B | 1.53B | 1.6B | 580.17M | 482.1M |
| Asset Turnover | 1.25x | 1.19x | 0.39x | 0.84x | 0.92x | 0.86x | 2.05x | 2.27x |
| Asset Growth % | -26.47% | -6.33% | 0.64% | 11.65% | -4.24% | 175.32% | 20.34% | - |
| Total Current Liabilities | 460.88M | 538.33M | 485.58M | 423.96M | 368.22M | 400.56M | 300.23M | 238.9M |
| Accounts Payable | 278.15M | 0 | 309.23M | 282.01M | 247.5M | 259.94M | 189.35M | 167.18M |
| Days Payables Outstanding | 74.34 | - | 865.25 | 101.5 | 96.42 | 101.22 | 79.5 | 70.8 |
| Short-Term Debt | 30.65M | 30.41M | 0 | 3M | 3M | 3M | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 10.6M | 15.01M | 23.8M | 24.31M | 24.75M | 17.39M |
| Other Current Liabilities | 152.08M | 507.93M | 113.13M | 70.24M | 66.31M | 87.75M | 49.95M | 29.4M |
| Current Ratio | 1.13x | 1.04x | 1.35x | 1.32x | 1.61x | 1.57x | 1.42x | 1.31x |
| Quick Ratio | 1.13x | 1.04x | 1.35x | 1.32x | 1.61x | 1.57x | 1.42x | 1.31x |
| Cash Conversion Cycle | -14.72 | - | - | -23.34 | - | - | - | - |
| Total Non-Current Liabilities | 138.91M | 164.31M | 181.17M | 226.78M | 326.87M | 429.18M | 233.29M | 235.93M |
| Long-Term Debt | 66.4M | 163.68M | 116.45M | 142.16M | 223.05M | 285.4M | 0 | 0 |
| Capital Lease Obligations | 179.47M | 0 | 42.56M | 49.45M | 57.93M | 61.53M | 63.04M | 63.01M |
| Deferred Tax Liabilities | 2.05M | 628K | 5.5M | 14.81M | 34.13M | 51.03M | 45K | 2.72M |
| Other Non-Current Liabilities | 17.25M | 0 | 16.66M | 20.35M | 11.76M | 31.23M | 170.21M | 170.21M |
| Total Liabilities | 599.79M | 702.64M | 666.75M | 650.74M | 695.09M | 829.74M | 533.53M | 474.83M |
| Total Debt | 151.58M | 194.09M | 180.89M | 214.88M | 298.73M | 362.89M | 78.79M | 75.83M |
| Net Debt | 1.31M | 73.22M | -45.69M | 38.77M | 132.84M | 43.57M | -164.02M | -11.09M |
| Debt / Equity | 0.16x | 0.21x | 0.17x | 0.20x | 0.36x | 0.47x | 1.69x | 10.44x |
| Debt / EBITDA | 1.00x | 1.35x | 1.43x | 6.56x | 3.85x | 9.11x | 1.31x | 3.84x |
| Net Debt / EBITDA | 0.01x | 0.51x | -0.36x | 1.18x | 1.71x | 1.09x | -2.73x | -0.56x |
| Interest Coverage | 9.05x | 7.98x | 2.84x | -4.98x | - | - | 9.51x | -5.79x |
| Total Equity | 955.33M | 907.2M | 1.05B | 1.06B | 834.53M | 767.57M | 46.64M | 7.27M |
| Equity Growth % | -37.35% | -13.76% | -0.49% | 26.66% | 8.72% | 1545.74% | 541.81% | - |
| Book Value per Share | 3.31 | 2.85 | 3.06 | 3.05 | 3.28 | 2.89 | 7.33 | 0.16 |
| Total Shareholders' Equity | 955.33M | 907.2M | 1.05B | 1.06B | 834.53M | 767.57M | 46.64M | 7.27M |
| Common Stock | 0 | -385.65M | 0 | 0 | 0 | 0 | 691 | 0 |
| Retained Earnings | -52.87M | -111.94M | -154.22M | -150.46M | -68.42M | -56.45M | -31.5M | -39.99M |
| Treasury Stock | -409.28M | 0 | -130.12M | -55.51M | 0 | 0 | 0 | 0 |
| Accumulated OCI | -334K | 534K | 418K | 942K | -834K | 0 | -170.21M | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill impairment and liquidity
As reported in financial statements, Taboola's total assets have remained relatively flat at $1.6 billion in 2026Q1 compared to $1.7 billion in 2024Q1, suggesting that the company's capital base is currently stagnant as it navigates the post-integration phase of its major publisher partnerships.
The lack of meaningful asset growth indicates that the company is not currently in an aggressive expansionary phase, but rather focusing on optimizing existing infrastructure. Investors should monitor whether this stagnation reflects a mature business model or a lack of new, high-return investment opportunities.
Based on recent SEC filings, the current ratio has compressed from 1.32 in 2023Q4 to 1.13 in 2026Q1, reflecting a tightening of the company's short-term liquidity buffer as cash reserves fluctuated significantly over the observed ten-quarter period.
A current ratio approaching 1.0 suggests that Taboola has limited room for error in managing its working capital requirements. This trend warrants further investigation into whether the company's cash management is becoming overly reliant on the timing of publisher payouts and advertiser collections.
According to the balance sheet data, goodwill remains constant at $555.9 million, representing a significant portion of total assets, which implies that the company's valuation is heavily dependent on the long-term success of past acquisitions like Connexity.
The high concentration of intangible assets relative to total equity suggests that any failure to meet performance targets for acquired units could lead to material impairment charges. This reliance on non-tangible value makes the balance sheet appear more vulnerable to shifts in market sentiment or operational underperformance.
As evidenced by the provided financial data, retained earnings have remained persistently negative, reaching -$52.9 million in 2026Q1, which highlights the company's ongoing struggle to generate cumulative GAAP profitability despite its massive scale in the native advertising market.
The negative retained earnings position suggests that the company has historically prioritized growth and market share acquisition over bottom-line accumulation. This trend may indicate that shareholder value is being driven more by capital market activity than by the organic compounding of retained profits.
Based on reported figures, the debt-to-equity ratio has remained low, fluctuating between 0.16 and 0.21 over the last ten quarters, which suggests that management has maintained a disciplined approach to leverage despite the capital-intensive nature of the ad-tech industry.
While the low leverage profile provides a degree of safety, it also implies that the company is not utilizing debt to aggressively fuel its growth, potentially reflecting a cautious stance on interest-bearing obligations. This conservative capital structure may be a strategic choice to preserve flexibility in a volatile advertising cycle.
Quick answers to the most common questions about buying TBLA stock.
As of 2025, Taboola.com Ltd. (TBLA) had total assets of $1.61B including $558.0M in current assets.
Taboola.com Ltd. (TBLA) carries total debt of $194.1M, offset by $120.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Taboola.com Ltd. (TBLA) has total shareholders' equity (book value) of $907.2M ($2.85 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Taboola.com Ltd. (TBLA) reported a current ratio of 1.04x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.