OB · Outbrain 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 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $265.98M | - | $318.77M | $343.10M | $286.36M | - | $224.18M | $214.15M | - | $230.01M |
| Cost of Revenue | $182.37M | - | $213.02M | $222.83M | $203.71M | - | $175.31M | $168.57M | - | $183.63M |
| Gross Profit | $83.62M | - | $105.75M | $120.26M | $82.65M | - | $48.87M | $45.58M | - | $46.39M |
| R&D | $10.68M | - | $10.74M | $13.29M | $13.98M | - | $9.05M | $9.40M | - | $8.68M |
| SG&A | $26.58M | - | $31.97M | $27.89M | $36.48M | - | $19.56M | $17.03M | - | $13.62M |
| Total Operating Expenses | $105.42M | - | $112.03M | $122.52M | $127.09M | - | $51.82M | $51.20M | - | $43.77M |
| D&A | $2.07M | - | - | - | $1.94M | - | - | $1.64M | - | - |
| Operating Income | ($21.81M) | - | ($6.28M) | ($2.26M) | ($44.44M) | - | ($2.95M) | ($5.63M) | - | $2.62M |
| Interest Expense | $17.41M | - | $17.08M | $17.52M | $937.0K | - | $1.44M | $569.0K | - | $1.46M |
| Income Tax | ($988.0K) | - | ($4.67M) | ($5.75M) | ($13.20M) | - | $1.23M | ($1.25M) | - | $1.01M |
| Net Income | ($38.79M) | - | ($19.69M) | ($14.31M) | ($54.84M) | - | $6.70M | ($2.20M) | - | $508.0K |
| EPS - Basic | ($0.40) | - | ($0.21) | ($0.15) | ($0.70) | - | $0.14 | ($0.04) | - | $0.01 |
| EPS - Diluted | ($0.40) | - | ($0.21) | ($0.15) | ($0.70) | - | $0.01 | ($0.04) | - | $0.01 |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $85.49M | $128.22M | $130.75M | $149.45M | $136.31M | $89.09M | $57.06M | $75.08M | $70.89M | $64.55M |
| Accounts Receivable | $278.78M | $342.35M | $312.28M | $337.68M | $328.39M | $149.17M | $157.54M | $153.81M | $189.33M | $171.24M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $210.88M | $258.63M | $265.75M | $290.48M | $274.06M | $149.48M | $123.36M | $129.38M | $150.81M | $125.72M |
| Current Assets | $426.00M | $530.40M | $493.71M | $551.31M | $534.08M | $343.13M | $326.20M | $356.56M | $401.78M | $386.85M |
| Total Assets | $1.20B | $1.33B | $1.71B | $1.77B | $1.69B | $549.21M | $530.13M | $626.21M | $664.64M | $630.47M |
| Current Liabilities | $409.12M | $484.06M | $455.47M | $502.61M | $472.55M | $289.47M | $272.73M | $261.35M | $297.62M | $266.53M |
| Long-term Debt | $606.23M | $605.11M | $604.02M | $602.96M | $610.82M | $0 | $0 | $118.00M | $118.00M | $118.00M |
| Total Liabilities | $1.15B | $1.23B | $1.19B | $1.24B | $1.21B | $317.87M | $302.98M | $410.23M | $441.57M | $412.07M |
| Stockholders' Equity | $50.26M | $95.44M | $519.34M | $531.96M | $474.67M | $231.34M | $227.16M | $215.98M | $223.06M | $218.41M |
| Retained Earnings | ($725.35M) | ($686.56M) | ($258.34M) | ($238.65M) | ($224.34M) | ($169.49M) | ($169.33M) | ($176.02M) | ($168.78M) | ($172.84M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($34.87M) | - | - | - | ($966.0K) | - | - | $8.61M | - | - |
| Investing Cash Flow | ($8.61M) | - | - | - | ($546.32M) | - | - | ($4.23M) | - | - |
| Financing Cash Flow | ($136.0K) | - | - | - | $596.09M | - | - | ($4.27M) | - | - |
| CapEx | $726.0K | - | - | - | $2.92M | - | - | $1.33M | - | - |
| Free Cash Flow | ($35.60M) | - | - | - | ($3.89M) | - | - | $7.27M | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 31.4% | - | 33.2% | 35.1% | 28.9% | - | 21.8% | 21.3% | - | 20.2% |
| Operating margin | -8.2% | - | -2.0% | -0.7% | -15.5% | - | -1.3% | -2.6% | - | 1.1% |
| EBITDA margin | -7.4% | - | - | - | -14.8% | - | - | -1.9% | - | - |
| Net margin | -14.6% | - | -6.2% | -4.2% | -19.2% | - | 3.0% | -1.0% | - | 0.2% |
| Free cash flow margin | -13.4% | - | - | - | -1.4% | - | - | 3.4% | - | - |
| FCF / Net income | 0.92 | - | - | - | 0.07 | - | - | -3.31 | - | - |
| R&D / Revenue | 4.0% | - | 3.4% | 3.9% | 4.9% | - | 4.0% | 4.4% | - | 3.8% |
| SG&A / Revenue | 10.0% | - | 10.0% | 8.1% | 12.7% | - | 8.7% | 8.0% | - | 5.9% |
| Effective tax rate | - | - | - | - | - | - | 15.5% | - | - | 66.6% |
| Return on assets | -3.2% | - | -1.2% | -0.8% | -3.2% | - | 1.3% | -0.4% | - | 0.1% |
| Return on equity | -77.2% | - | -3.8% | -2.7% | -11.6% | - | 2.9% | -1.0% | - | 0.2% |
| Return on invested capital | -2.6% | - | -0.4% | -0.2% | -3.2% | - | -1.1% | -1.3% | - | 0.4% |
| Liquidity | ||||||||||
| Current ratio | 1.04 | 1.10 | 1.08 | 1.10 | 1.13 | 1.19 | 1.20 | 1.36 | 1.35 | 1.45 |
| Quick ratio | 1.04 | 1.10 | 1.08 | 1.10 | 1.13 | 1.19 | 1.20 | 1.36 | 1.35 | 1.45 |
| Cash ratio | 0.21 | 0.26 | 0.29 | 0.30 | 0.29 | 0.31 | 0.21 | 0.29 | 0.24 | 0.24 |
| Leverage | ||||||||||
| Debt / Equity | 12.06 | 6.34 | 1.16 | 1.13 | 1.29 | 0.00 | 0.00 | 0.55 | 0.53 | 0.54 |
| Debt / Assets | 0.50 | 0.46 | 0.35 | 0.34 | 0.36 | 0.00 | 0.00 | 0.19 | 0.18 | 0.19 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -1.3x | - | -0.4x | -0.1x | -47.4x | - | -2.0x | -9.9x | - | 1.8x |
| Equity multiplier | 23.91 | 13.91 | 3.30 | 3.34 | 3.56 | 2.37 | 2.33 | 2.90 | 2.98 | 2.89 |
| Liabilities / Assets | 0.96 | 0.93 | 0.70 | 0.70 | 0.72 | 0.58 | 0.57 | 0.66 | 0.66 | 0.65 |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | - | 0.19 | 0.19 | 0.17 | - | 0.42 | 0.34 | - | 0.36 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 383d | - | 358d | 359d | 419d | - | 257d | 262d | - | 272d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 422d | - | 455d | 476d | 491d | - | 257d | 280d | - | 250d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -7.1% | - | 42.2% | - | 33.7% | - | - | -7.6% | - | -8.3% |
| Revenue CAGR (3y) | 4.7% | - | 11.7% | 11.0% | 4.0% | - | -3.7% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 1.2% | - | 116.4% | - | 81.3% | - | - | 10.7% | - | -4.8% |
| Operating income growth (YoY) | 50.9% | - | -113.0% | - | -689.7% | - | - | 39.6% | - | - |
| Net income growth (YoY) | 29.3% | - | - | - | -2394.0% | - | - | 60.8% | - | - |
| EPS growth (YoY) | 42.9% | - | - | - | -1650.0% | - | - | 63.6% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -815.8% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -89.4% | -58.7% | 128.6% | - | 119.8% | 3.7% | - | 3.9% | 2.4% | -11.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.30B totalReporting Segment$1.30B · 100.0%
Geographic
$1.65B totalEMEA$763.47M · 46.2%
Americas$400.92M · 24.3%
US$350.80M · 21.2%
Asia$136.08M · 8.2%
Peer comparison
Same SIC group: Services-Computer Programming, Data Processing, Etc.
Comparing Outbrain Inc. against the 5 most active filers in the same SIC group.