Taboola (TBLA) financial statements
Taboola reported revenue of $1.9B in fiscal 2025, up 9.8% a year over 6 years.
Net income was $42M and the operating margin 2.3%, against -1.8% in 2019.
Free cash flow was $163M, and the company returned $255M in net buybacks.
The diluted share count rose 474% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Taboola's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.4B | $1.4B | $1.4B | $1.8B | $1.9B |
| Cost of revenue | $862M | $869M | $937M | $937M | $1.0B | $1.2B | $1.3B |
| Gross profit | $232M | $319M | $441M | $464M | $426M | $534M | $570M |
| Research and development | $85M | $99M | $118M | $129M | $136M | $142M | $148M |
| Selling, general and admin | $167M | $194M | $336M | $349M | $353M | $366M | $377M |
| Operating income | -$20M | $26M | -$13M | -$14M | -$64M | $26M | $44M |
| Pre-tax income | -$23M | $23M | -$2M | -$4M | -$77M | $14M | $33M |
| Income tax | $5M | $15M | $23M | $8M | $5M | $18M | — |
| Net income | -$28M | $8M | -$25M | -$12M | -$82M | -$4M | $42M |
| EPS (diluted) | -$1.11 | -$0.36 | -$0.26 | -$0.05 | -$0.24 | -$0.01 | $0.13 |
| Diluted shares | 44M | 40M | 143M | 254M | — | — | — |
| Gross margin | 21.2% | 26.9% | 32.0% | 33.1% | 29.6% | 30.2% | 29.8% |
| Operating margin | -1.8% | 2.2% | -1.0% | -1.0% | -4.4% | 1.5% | 2.3% |
| Net margin | -2.6% | 0.7% | -1.8% | -0.9% | -5.7% | -0.2% | 2.2% |
Balance sheet
Fiscal years, from Taboola's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $87M | $243M | $319M | $263M | $182M | $230M | $121M |
| Receivables | — | $158M | $245M | $257M | $306M | $370M | $360M |
| Total current assets | — | $426M | $629M | $594M | $559M | $656M | $558M |
| Property, plant and equipment | — | $53M | $63M | $73M | $72M | $69M | $95M |
| Goodwill | $19M | $19M | $550M | $556M | $556M | $556M | $556M |
| Total assets | — | $580M | $1.6B | $1.5B | $1.7B | $1.7B | $1.6B |
| Total current liabilities | — | $300M | $401M | $368M | $424M | $486M | $521M |
| Long-term debt | — | — | — | — | — | $116M | $102M |
| Total liabilities | — | $534M | $830M | $695M | $651M | $667M | $703M |
| Shareholders' equity | $7M | $47M | $768M | $835M | $1.1B | $1.1B | $907M |
| Net debt | -$87M | -$243M | -$319M | -$166M | -$176M | -$110M | -$19M |
Cash flow
Fiscal years, from Taboola's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $18M | $139M | $64M | $53M | $84M | $184M | $208M |
| Capital spending | $44M | $18M | $39M | $35M | $32M | $35M | $45M |
| Free cash flow | -$26M | $121M | $24M | $19M | $52M | $149M | $163M |
| Stock-based compensation | $8M | $28M | $128M | $75M | $64M | $67M | $64M |
| Share buybacks (net) | — | — | $0 | $0 | -$56M | -$74M | -$255M |
| Net borrowing | $0 | $0 | $288M | -$64M | -$82M | -$30M | -$123M |
| Free cash flow margin | -2.4% | 10.2% | 1.8% | 1.3% | 3.6% | 8.4% | 8.5% |
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Open TBLA in InvestinglyQuestions
What was Taboola's revenue in 2025?
$1.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Taboola generate?
$163M in fiscal 2025 (operating cash flow minus capital spending).
From Taboola's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.