The company's financial leverage has surged, with the debt-to-equity ratio climbing to 12.82 in 2026Q1 from 0.07 in 2024Q4, reflecting a significant reliance on debt to fund operations.
| Total Current Assets | 426M | 530.4M | 343.13M | 401.78M | 500.5M | 676.08M | 277.42M |
| Cash & Short-Term Investments | 98.64M | 138.7M | 166.13M | 165.2M | 272.49M | 455.4M | 93.64M |
| Cash Only | 85.49M | 128.22M | 89.09M | 70.89M | 105.58M | 455.4M | 93.64M |
| Short-Term Investments | 13.15M | 10.48M | 77.03M | 94.31M | 166.91M | 0 | 0 |
| Accounts Receivable | 278.78M | 342.35M | 149.17M | 189.33M | 181.26M | 192.81M | 165.45M |
| Days Sales Outstanding | 90.61 | 96.09 | 61.18 | 73.85 | 66.69 | 69.29 | 78.72 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 48.58M | 49.35M | 4.98M | 7.25M | 5.87M | 0 | 18.33M |
| Total Non-Current Assets | 775.76M | 797.58M | 206.08M | 262.86M | 280.64M | 119.81M | 79.07M |
| Property, Plant & Equipment | 81.08M | 79.81M | 60.3M | 54.61M | 50.95M | 28.01M | 24.76M |
| Fixed Asset Turnover | 16.53x | 16.29x | 14.76x | 17.14x | 19.47x | 36.26x | 30.99x |
| Goodwill | 275.91M | 280.99M | 63.06M | 63.06M | 63.06M | 32.88M | 32.88M |
| Intangible Assets | 357.78M | 376.58M | 16.93M | 20.4M | 24.57M | 5.72M | 9.81M |
| Long-Term Investments | 0 | 0 | 0 | 65.77M | 78.76M | 0 | 5.8M |
| Other Non-Current Assets | 48.82M | 49.71M | 24.97M | 20.67M | 27.56M | 20.33M | 3.02M |
| Total Assets | 1.2B | 1.33B | 549.21M | 664.64M | 781.15M | 795.89M | 356.49M |
| Asset Turnover | 0.85x | 0.98x | 1.62x | 1.41x | 1.27x | 1.28x | 2.15x |
| Asset Growth % | 519.38% | 141.8% | -17.37% | -14.92% | -1.85% | 123.26% | - |
| Total Current Liabilities | 409.12M | 484.06M | 289.47M | 297.62M | 300.11M | 288.5M | 256.75M |
| Accounts Payable | 210.88M | 258.63M | 149.48M | 150.81M | 147.65M | 160.79M | 118.49M |
| Days Payables Outstanding | 110.11 | 108.33 | 78.19 | 73.3 | 67.41 | 75.69 | 71.83 |
| Short-Term Debt | 17.19M | 17.59M | 0 | 0 | 0 | 0 | 3.85M |
| Deferred Revenue (Current) | 24.77M | 0 | 6.93M | 8.49M | 6.7M | 4.78M | 5.51M |
| Other Current Liabilities | 130.94M | 207.83M | 25.9M | 27.54M | 32.67M | 30.04M | 96.27M |
| Current Ratio | 1.04x | 1.10x | 1.19x | 1.35x | 1.67x | 2.34x | 1.08x |
| Quick Ratio | 1.04x | 1.10x | 1.19x | 1.35x | 1.67x | 2.34x | 1.08x |
| Cash Conversion Cycle | -19.5 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 742.38M | 748.48M | 28.4M | 143.95M | 263.26M | 250.62M | 17.11M |
| Long-Term Debt | 606.23M | 605.11M | 0 | 118M | 236M | 236M | 0 |
| Capital Lease Obligations | 80.56M | 21.67M | 11.78M | 9.22M | 8.45M | 0 | 0 |
| Deferred Tax Liabilities | 270.08M | 73.1M | 0 | 0 | 0 | 0 | 3.4M |
| Other Non-Current Liabilities | 48.27M | 48.59M | 16.62M | 16.73M | 18.81M | 14.62M | 13.71M |
| Total Liabilities | 1.15B | 1.23B | 317.87M | 441.57M | 563.36M | 539.12M | 273.86M |
| Total Debt | 644.41M | 644.38M | 15.82M | 130.9M | 247.68M | 239.07M | 3.85M |
| Net Debt | 558.92M | 516.16M | -73.28M | 60.01M | 142.1M | -216.33M | -89.79M |
| Debt / Equity | 12.82x | 6.75x | 0.07x | 0.59x | 1.14x | 0.93x | 0.05x |
| Debt / EBITDA | 17.39x | - | 2.31x | 10.85x | 18.52x | 4.43x | 0.13x |
| Net Debt / EBITDA | 15.09x | - | -10.71x | 4.97x | 10.63x | -4.00x | -3.13x |
| Interest Coverage | -0.23x | -0.21x | 1.47x | 4.03x | -1.44x | -1.06x | 10.19x |
| Total Equity | 50.26M | 95.44M | 231.34M | 223.06M | 217.79M | 256.77M | 82.63M |
| Equity Growth % | 126.77% | -58.75% | 3.71% | 2.42% | -15.18% | 210.75% | - |
| Book Value per Share | 0.52 | 1.05 | 4.39 | 3.92 | 3.92 | 4.76 | 1.53 |
| Total Shareholders' Equity | 50.26M | 95.44M | 231.34M | 223.06M | 217.79M | 256.77M | 82.63M |
| Common Stock | 97K | 96K | 64K | 62K | 60K | 58K | 29K |
| Retained Earnings | -725.35M | -686.56M | -169.49M | -168.78M | -179.02M | -157.25M | -168.25M |
| Treasury Stock | -571K | -533K | -74.29M | -67.69M | -49.17M | -16.5M | 0 |
| Accumulated OCI | 88.03M | 96.66M | -9.48M | -9.05M | -9.91M | -4.47M | -4.29M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High leverage and integration
As reported in recent financial statements, TEAD's equity base has contracted sharply from $532.0 million in 2025Q2 to $50.3 million by 2026Q1, signaling a rapid deterioration in net asset value that warrants close monitoring by investors concerned with the company's long-term solvency and capital stability.
The precipitous decline in equity appears to be driven by mounting accumulated deficits, which have ballooned to -$725.3 million. This trajectory suggests that the aggressive inorganic growth strategy has yet to yield the expected balance sheet accretion, leaving the firm with a significantly thinner cushion to absorb potential operational shocks.
Based on the company's reported figures, the debt-to-equity ratio has spiked from 0.07 in 2024Q4 to 12.82 in 2026Q1, indicating that the firm has become heavily reliant on debt financing to sustain its operations and integration efforts following the recent corporate reorganization.
The current leverage profile appears unsustainable, as the debt load of $644.4 million dwarfs the remaining equity base. This high degree of financial gearing suggests that the company may face significant refinancing risks or restrictive covenants that could limit its strategic agility in a competitive ad-tech environment.
According to quarterly filings, the current ratio has compressed to 1.04 as of 2026Q1, reflecting a narrowing buffer between current assets and liabilities that leaves the company with limited room for error in managing its immediate working capital requirements and ongoing cash burn.
With cash reserves falling to $85.5 million, the company appears to be operating with a precarious liquidity profile. Investors should monitor whether the current cash runway is sufficient to cover integration-related outflows, as any further tightening could necessitate dilutive capital raises or emergency financing.
As evidenced by the balance sheet data, goodwill remains a substantial component of total assets at $275.9 million, representing a significant portion of the firm's asset base and highlighting potential impairment risks if the anticipated synergies from the recent merger fail to materialize as expected.
The heavy reliance on intangible assets suggests that the company's book value is highly sensitive to management's assumptions regarding future performance. If the combined entity cannot demonstrate clear competitive advantages, these assets may be subject to future write-downs, further pressuring the already strained equity position.
Quick answers to the most common questions about buying TEAD stock.
As of 2025, Teads Holding Co. (TEAD) had total assets of $1.33B including $530.4M in current assets.
Teads Holding Co. (TEAD) carries total debt of $644.4M, offset by $138.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Teads Holding Co. (TEAD) has total shareholders' equity (book value) of $95.4M ($1.05 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Teads Holding Co. (TEAD) reported a current ratio of 1.10x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.