Criteo Sa (CRTO) financial statements
Criteo Sa reported revenue of $1.9B in fiscal 2025, up 0.9% a year over 9 years.
Net income was $145M and the operating margin 10.4%, against 6.7% in 2016.
Free cash flow was $208M, and the company returned $152M in net buybacks.
The diluted share count fell 17% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Criteo Sa's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.3B | $2.3B | $2.3B | $2.1B | $2.3B | $2.0B | $1.9B | $1.9B | $1.9B |
| Cost of revenue | $1.1B | $1.4B | $1.3B | $1.3B | $1.2B | $1.3B | $1.1B | $927M | $812M | $770M |
| Gross profit | $645M | $819M | $834M | $829M | $688M | $782M | $795M | $863M | $983M | $1.0B |
| Research and development | $124M | $174M | $179M | $173M | $133M | $152M | $188M | $242M | $279M | $283M |
| Selling, general and admin | $400M | $508M | $508M | $515M | $447M | $478M | $583M | $544M | $552M | $563M |
| Operating income | $121M | $138M | $147M | $141M | $109M | $152M | $24M | $77M | $151M | $203M |
| Interest expense | $2M | $3M | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $2M |
| Pre-tax income | $120M | $128M | $142M | $135M | $107M | $154M | $42M | $75M | $154M | $204M |
| Income tax | $33M | $32M | $46M | $39M | $32M | $16M | $31M | $20M | $40M | $54M |
| Net income | $82M | $91M | $89M | $91M | $72M | $134M | $9M | $53M | $112M | $145M |
| EPS (diluted) | $1.25 | $1.34 | $1.31 | $1.38 | $1.16 | $2.09 | $0.14 | $0.88 | $1.90 | $2.64 |
| Diluted shares | 66M | 68M | 68M | 66M | 62M | 64M | 63M | 60M | 59M | 55M |
| Gross margin | 35.8% | 35.7% | 36.3% | 36.7% | 33.2% | 34.7% | 39.4% | 44.3% | 50.8% | 54.0% |
| Operating margin | 6.7% | 6.0% | 6.4% | 6.2% | 5.3% | 6.7% | 1.2% | 4.0% | 7.8% | 10.4% |
| Net margin | 4.6% | 4.0% | 3.9% | 4.0% | 3.5% | 6.0% | 0.4% | 2.7% | 5.8% | 7.4% |
Balance sheet
Fiscal years, from Criteo Sa's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $270M | $414M | $364M | $419M | $488M | $566M | $373M | $342M | $317M | $365M |
| Receivables | $397M | $484M | $474M | $482M | $474M | $582M | $709M | $776M | $801M | $582M |
| Total current assets | $743M | $992M | $934M | $1.0B | $1.1B | $1.3B | $1.3B | $1.3B | $1.2B | $1.1B |
| Property, plant and equipment | $109M | $162M | $184M | $194M | $190M | $140M | $131M | $126M | $107M | $139M |
| Goodwill | $209M | $237M | $313M | $317M | $326M | $330M | $515M | $524M | $515M | $536M |
| Total assets | $1.2B | $1.5B | $1.6B | $1.8B | $1.9B | $2.0B | $2.3B | $2.4B | $2.3B | $2.2B |
| Total current liabilities | $520M | $621M | $605M | $610M | $600M | $673M | $1.1B | $1.1B | $1.0B | $845M |
| Long-term debt | $77M | $2M | — | — | — | — | — | — | — | — |
| Total liabilities | $601M | $634M | $629M | $752M | $701M | $785M | $1.3B | $1.3B | $1.2B | $1.0B |
| Shareholders' equity | $600M | $882M | $944M | $1.0B | $1.1B | $1.2B | $1.0B | $1.1B | $1.0B | $1.1B |
| Net debt | -$187M | -$411M | -$364M | -$419M | -$488M | -$516M | -$348M | -$336M | -$291M | -$342M |
Cash flow
Fiscal years, from Criteo Sa's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $153M | $245M | $261M | $223M | $185M | $221M | $256M | $224M | $258M | $311M |
| Capital spending | — | — | — | — | — | — | $64M | $116M | $78M | $103M |
| Free cash flow | — | — | — | — | — | — | $192M | $108M | $180M | $208M |
| Stock-based compensation | $43M | $72M | $67M | $41M | $29M | $45M | $65M | $97M | $103M | $58M |
| Share buybacks (net) | $0 | $0 | -$80M | -$59M | -$44M | -$100M | -$136M | -$125M | -$225M | -$152M |
| Net borrowing | $71M | -$86M | -$964,000 | -$1M | -$14M | -$1M | $0 | $0 | $0 | — |
| Free cash flow margin | — | — | — | — | — | — | 9.5% | 5.5% | 9.3% | 10.7% |
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Open CRTO in InvestinglyQuestions
What was Criteo Sa's revenue in 2025?
$1.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Criteo Sa generate?
$208M in fiscal 2025 (operating cash flow minus capital spending).
From Criteo Sa's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.