ADTH · Adtheorent Holding Company, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.86M | - | $40.89M | $37.59M | $32.67M | - | $37.58M | $39.87M | $30.97M | - |
| Cost of Revenue | $20.60M | - | $22.02M | $20.73M | $18.39M | - | $19.58M | $20.85M | $14.89M | - |
| Gross Profit | $14.26M | - | $18.87M | $16.85M | $14.29M | - | $18.00M | $19.01M | $16.08M | - |
| R&D | $3.22M | - | $3.79M | $3.37M | $3.29M | - | $3.96M | $4.15M | $4.29M | - |
| SG&A | $5.77M | - | $4.11M | $3.59M | $3.94M | - | $4.73M | $5.10M | $5.60M | - |
| Total Operating Expenses | $40.46M | - | $41.05M | $38.32M | $35.92M | - | $39.39M | $41.19M | $37.99M | - |
| D&A | $47.0K | - | $48.0K | $49.0K | $49.0K | - | $51.0K | $48.0K | $44.0K | - |
| Operating Income | ($5.60M) | - | ($155.0K) | ($729.0K) | ($3.25M) | - | ($1.81M) | $1.28M | ($3.75M) | - |
| Interest Expense | - | - | - | - | - | - | - | $47.0K | $600.0K | - |
| Income Tax | ($749.0K) | - | $6.25M | ($7.67M) | $2.35M | - | $1.09M | ($610.0K) | $988.0K | - |
| Net Income | ($9.85M) | - | ($4.19M) | $8.08M | ($5.22M) | - | $5.72M | $57.78M | ($41.74M) | - |
| EPS - Basic | ($0.11) | - | ($0.05) | $0.09 | ($0.06) | - | $0.05 | $0.67 | ($0.49) | - |
| EPS - Diluted | ($0.11) | - | ($0.05) | $0.09 | ($0.06) | - | $0.05 | $0.02 | $0.03 | - |
Balance Sheet
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $69.20M | $70.26M | $74.34M | $72.58M | $75.30M | $72.58M | $67.84M | $63.63M | $63.72M | $100.09M |
| Accounts Receivable | $55.23M | $71.29M | $48.69M | $42.36M | $39.31M | $56.03M | $42.59M | $44.09M | $38.89M | $55.94M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $13.59M | $17.91M | $10.29M | $8.76M | $8.95M | $9.48M | $8.48M | $9.99M | $8.86M | $12.38M |
| Current Assets | $130.57M | $146.24M | $125.88M | $125.63M | $118.34M | $130.22M | $114.71M | $115.72M | $109.69M | $159.93M |
| Total Assets | $191.63M | $206.10M | $188.16M | $186.86M | $178.84M | $190.60M | $175.59M | $175.81M | $168.79M | $213.54M |
| Current Liabilities | $23.48M | $34.81M | $21.75M | $17.24M | $18.27M | $25.91M | $17.52M | $17.67M | $16.92M | $27.58M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $34.99M | $40.93M | $27.89M | $25.20M | $27.26M | $35.18M | $30.36M | $39.40M | $94.75M | $101.66M |
| Stockholders' Equity | $156.65M | $165.17M | $160.27M | $161.65M | $151.58M | $155.43M | $145.22M | $136.41M | $74.04M | $113.30M |
| Retained Earnings | $62.01M | $71.86M | $70.52M | $74.71M | $66.63M | $71.85M | $64.27M | $58.55M | $772.0K | $42.51M |
Cash Flow
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.23M | - | - | - | $4.11M | - | - | - | $2.83M | - |
| Investing Cash Flow | ($1.48M) | - | - | - | ($1.22M) | - | - | - | ($789.0K) | - |
| Financing Cash Flow | ($810.0K) | - | - | - | ($170.0K) | - | - | - | ($38.42M) | - |
| CapEx | $33.0K | - | - | - | $23.0K | - | - | - | $94.0K | - |
| Free Cash Flow | $1.20M | - | - | - | $4.09M | - | - | - | $2.74M | - |
Ratios
| Metric | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 40.9% | - | 46.2% | 44.8% | 43.7% | - | 47.9% | 47.7% | 51.9% | - |
| Operating margin | -16.1% | - | -0.4% | -1.9% | -9.9% | - | -4.8% | 3.2% | -12.1% | - |
| EBITDA margin | -15.9% | - | -0.3% | -1.8% | -9.8% | - | -4.7% | 3.3% | -12.0% | - |
| Net margin | -28.3% | - | -10.3% | 21.5% | -16.0% | - | 15.2% | 144.9% | -134.8% | - |
| Free cash flow margin | 3.4% | - | - | - | 12.5% | - | - | - | 8.8% | - |
| FCF / Net income | -0.12 | - | - | - | -0.78 | - | - | - | -0.07 | - |
| R&D / Revenue | 9.2% | - | 9.3% | 9.0% | 10.1% | - | 10.5% | 10.4% | 13.8% | - |
| SG&A / Revenue | 16.6% | - | 10.1% | 9.5% | 12.0% | - | 12.6% | 12.8% | 18.1% | - |
| Effective tax rate | - | - | 303.6% | -1842.8% | - | - | 16.1% | -1.1% | - | - |
| Return on assets | -5.1% | - | -2.2% | 4.3% | -2.9% | - | 3.3% | 32.9% | -24.7% | - |
| Return on equity | -6.3% | - | -2.6% | 5.0% | -3.4% | - | 3.9% | 42.4% | -56.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 5.56 | 4.20 | 5.79 | 7.29 | 6.48 | 5.03 | 6.55 | 6.55 | 6.48 | 5.80 |
| Quick ratio | 5.56 | 4.20 | 5.79 | 7.29 | 6.48 | 5.03 | 6.55 | 6.55 | 6.48 | 5.80 |
| Cash ratio | 2.95 | 2.02 | 3.42 | 4.21 | 4.12 | 2.80 | 3.87 | 3.60 | 3.76 | 3.63 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | 27.3x | -6.2x | - |
| Equity multiplier | 1.22 | 1.25 | 1.17 | 1.16 | 1.18 | 1.23 | 1.21 | 1.29 | 2.28 | 1.88 |
| Liabilities / Assets | 0.18 | 0.20 | 0.15 | 0.13 | 0.15 | 0.18 | 0.17 | 0.22 | 0.56 | 0.48 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.22 | 0.20 | 0.18 | - | 0.21 | 0.23 | 0.18 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 578d | - | 435d | 411d | 439d | - | 414d | 404d | 458d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 241d | - | 171d | 154d | 178d | - | 158d | 175d | 217d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.7% | - | 8.8% | -5.7% | 5.5% | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -0.2% | - | 4.8% | -11.4% | -11.1% | - | - | - | - | - |
| Operating income growth (YoY) | -72.4% | - | 91.4% | - | 13.3% | - | -258.5% | - | -8435.1% | - |
| Net income growth (YoY) | -88.6% | - | - | -86.0% | 87.5% | - | - | 2240.4% | -5358.1% | - |
| EPS growth (YoY) | -83.3% | - | - | 350.0% | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -70.7% | - | - | - | 49.4% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 3.3% | 6.3% | 10.4% | 18.5% | 104.7% | 37.2% | - | 2628.2% | 1223685.1% | 84.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Geographic
$170.81M totalUS$162.54M · 95.2%
CA$8.24M · 4.8%
Other$27.0K · 0.0%
Peer comparison
Same SIC group: Services-Computer Programming, Data Processing, Etc.
Comparing AdTheorent Holding Company against the 5 most active filers in the same SIC group.