CRTO · Criteo S.A. - 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 '26 | Q4 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $424.64M | - | $482.67M | $451.43M | - | $458.89M | $471.31M | $450.06M | - | $469.19M |
| Cost of Revenue | $174.27M | - | $190.60M | $187.06M | - | $192.79M | $204.21M | $196.17M | - | $223.80M |
| Gross Profit | $222.74M | - | $258.52M | $236.98M | - | $231.93M | $232.84M | $217.22M | - | $205.13M |
| R&D | $69.68M | - | $79.61M | $60.75M | - | $85.28M | $59.64M | $66.86M | - | $62.52M |
| SG&A | $45.16M | - | $40.24M | $39.17M | - | $46.22M | $41.20M | $47.17M | - | $36.60M |
| Total Operating Expenses | $212.34M | - | $228.06M | $188.81M | - | $222.33M | $195.91M | $206.87M | - | $193.69M |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $10.40M | - | $30.45M | $48.17M | - | $9.60M | $36.94M | $10.35M | - | $11.43M |
| Interest Expense | $764.0K | - | $657.0K | $423.0K | - | $505.0K | $409.0K | $423.0K | - | $437.0K |
| Income Tax | $3.69M | - | $5.73M | $10.46M | - | $3.45M | $8.60M | $2.97M | - | $1.83M |
| Net Income | $7.82M | - | $21.25M | $37.93M | - | $6.25M | $26.99M | $7.24M | - | $6.93M |
| EPS - Basic | $0.16 | - | $0.40 | $0.70 | - | $0.11 | $0.49 | $0.13 | - | $0.12 |
| EPS - Diluted | $0.15 | - | $0.39 | $0.66 | - | $0.11 | $0.46 | $0.12 | - | $0.12 |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $319.98M | $342.04M | $205.70M | $285.85M | $290.69M | $208.74M | $216.70M | $266.86M | $336.34M | $194.86M |
| Accounts Receivable | $448.27M | $582.10M | $667.76M | $647.11M | $800.86M | $646.28M | $632.75M | $610.68M | $775.59M | $624.56M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $448.47M | $566.05M | $628.83M | $639.81M | $802.52M | $630.00M | $635.21M | $629.63M | $838.52M | $668.55M |
| Current Assets | $940.29M | $1.07B | $1.03B | $1.08B | $1.22B | $1.14B | $1.14B | $1.16B | $1.35B | $1.07B |
| Total Assets | $2.07B | $2.20B | $2.11B | $2.13B | $2.27B | $2.21B | $2.17B | $2.21B | $2.43B | $2.14B |
| Current Liabilities | $737.05M | $844.65M | $833.55M | $886.80M | $1.05B | $974.62M | $955.89M | $994.98M | $1.18B | $960.94M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $902.62M | $1.02B | $986.61M | $1.03B | $1.19B | $1.12B | $1.09B | $1.13B | $1.32B | $1.11B |
| Stockholders' Equity | $1.13B | $1.15B | $1.09B | $1.06B | $1.05B | $1.05B | $1.04B | $1.04B | $1.08B | $1.01B |
| Retained Earnings | $635.93M | $630.75M | $627.08M | $607.41M | $571.74M | $557.07M | $537.24M | $543.09M | $555.46M | $504.35M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $48.21M | - | - | $62.34M | - | - | - | $14.02M | - | - |
| Investing Cash Flow | ($37.91M) | - | - | ($17.54M) | - | - | - | ($13.90M) | - | - |
| Financing Cash Flow | ($31.29M) | - | - | ($54.79M) | - | - | - | ($62.18M) | - | - |
| CapEx | $32.85M | - | - | $13.84M | - | - | - | - | - | - |
| Free Cash Flow | $15.36M | - | - | $48.50M | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 52.5% | - | 53.6% | 52.5% | - | 50.5% | 49.4% | 48.3% | - | 43.7% |
| Operating margin | 2.4% | - | 6.3% | 10.7% | - | 2.1% | 7.8% | 2.3% | - | 2.4% |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 1.8% | - | 4.4% | 8.4% | - | 1.4% | 5.7% | 1.6% | - | 1.5% |
| Free cash flow margin | 3.6% | - | - | 10.7% | - | - | - | - | - | - |
| FCF / Net income | 1.96 | - | - | 1.28 | - | - | - | - | - | - |
| R&D / Revenue | 16.4% | - | 16.5% | 13.5% | - | 18.6% | 12.7% | 14.9% | - | 13.3% |
| SG&A / Revenue | 10.6% | - | 8.3% | 8.7% | - | 10.1% | 8.7% | 10.5% | - | 7.8% |
| Effective tax rate | 32.1% | - | 21.2% | 21.6% | - | 35.6% | 24.2% | 29.1% | - | 20.9% |
| Return on assets | 0.4% | - | 1.0% | 1.8% | - | 0.3% | 1.2% | 0.3% | - | 0.3% |
| Return on equity | 0.7% | - | 2.0% | 3.6% | - | 0.6% | 2.6% | 0.7% | - | 0.7% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.28 | 1.27 | 1.23 | 1.22 | 1.17 | 1.17 | 1.19 | 1.16 | 1.15 | 1.12 |
| Quick ratio | 1.28 | 1.27 | 1.23 | 1.22 | 1.17 | 1.17 | 1.19 | 1.16 | 1.15 | 1.12 |
| Cash ratio | 0.43 | 0.40 | 0.25 | 0.32 | 0.28 | 0.21 | 0.23 | 0.27 | 0.28 | 0.20 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 13.6x | - | 46.4x | 113.9x | - | 19.0x | 90.3x | 24.5x | - | 26.2x |
| Equity multiplier | 1.83 | 1.92 | 1.94 | 2.00 | 2.16 | 2.10 | 2.08 | 2.12 | 2.25 | 2.13 |
| Liabilities / Assets | 0.44 | 0.46 | 0.47 | 0.48 | 0.52 | 0.51 | 0.50 | 0.51 | 0.54 | 0.52 |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | - | 0.23 | 0.21 | - | 0.21 | 0.22 | 0.20 | - | 0.22 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 385d | - | 505d | 523d | - | 514d | 490d | 495d | - | 486d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 939d | - | 1204d | 1248d | - | 1193d | 1135d | 1172d | - | 1090d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 119.5x | - | 61.4x | 53.7x | - | 365.8x | 82.0x | 292.3x | - | 243.3x |
| P / B | 0.8x | - | 1.2x | 1.9x | - | 2.2x | 2.1x | 2.0x | - | 1.7x |
| P / S | 2.2x | - | 2.7x | 4.5x | - | 5.1x | 4.7x | 4.6x | - | 3.7x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -5.9% | - | 2.4% | 0.3% | - | -2.2% | 0.5% | 1.1% | - | 5.0% |
| Revenue CAGR (3y) | -1.6% | - | -0.8% | -4.0% | - | -3.4% | -5.1% | -6.0% | - | -0.1% |
| Revenue CAGR (5y) | -4.7% | - | 2.0% | -2.2% | - | -2.6% | -2.3% | -4.2% | - | -2.4% |
| Gross profit growth (YoY) | -6.0% | - | 11.0% | 9.1% | - | 13.1% | 16.5% | 19.7% | - | 14.2% |
| Operating income growth (YoY) | -78.4% | - | -17.6% | 365.2% | - | -16.0% | 3751.7% | - | - | 155.3% |
| Net income growth (YoY) | -79.4% | - | -21.3% | 423.6% | - | -9.8% | - | - | - | 5.3% |
| EPS growth (YoY) | -77.3% | - | -15.2% | 450.0% | - | -8.3% | - | - | - | 20.0% |
| EPS CAGR (3y) | - | - | - | 27.3% | - | -33.3% | 26.0% | -30.0% | - | 10.1% |
| EPS CAGR (5y) | -15.6% | - | 34.1% | 21.4% | - | -17.0% | 23.5% | -16.2% | - | -13.7% |
| FCF growth (YoY) | -68.3% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 6.4% | 9.5% | 4.4% | 2.2% | -2.8% | 4.6% | 3.0% | 2.3% | 3.0% | -4.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.94B totalPerformance Media$1.68B · 86.4%
Retail Media$263.87M · 13.6%
Product / service
$1.68B totalCommerce Growth$1.56B · 93.0%
Other$117.94M · 7.0%
Geographic
$3.22B totalAmericas$836.67M · 26.0%
US$753.29M · 23.4%
EMEA$728.05M · 22.6%
Asia Pacific$380.18M · 11.8%
JP$221.09M · 6.9%
DE$207.60M · 6.5%
FR$88.89M · 2.8%
Peer comparison
Same SIC group: Services-Advertising Agencies
Comparing Criteo S.A. against the 5 most active filers in the same SIC group.