Filing Flows › Teads Holding (TEAD) › Q3 2025
Teads Holding (TEAD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Teads Holding (TEAD) reported revenue of $319M for the third quarter 2025 (Q3 2025), +42% from a year earlier and -7% from the quarter before. Operating margin was -2.0%, net loss $19.7M (6.2% of revenue).
Teads Holding, Q3 2025: revenue $319M (+42% year over year), operating margin -2.0%, net loss $19.7M, operating cash flow −$23.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $319M | -7% | +42% |
| Operating profit | −$6.3M | — | — |
| Net earnings | −$19.7M | — | — |
| Operating cash flow | −$23.7M | -195% | — |
What changed
Revenue was $318.8M in Q3 2025, up 42% year over year and down 7% from the previous quarter.
Gross margin was 33.2%, up 11.4 points from a year earlier. Operating costs exceeded revenue by $6.3M, an operating margin of -2.0%. Operating expenses grew 116% against revenue growth of 42%. The fastest-growing cost line was Sales & marketing (+196%). The quarter ended with a net loss of $19.7M, wider than the previous quarter's $14.3M loss. Net interest and other expense of $18.1M was the main reason.
Operating cash flow was −$23.7M. Non-cash charges added back $15.2M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $22.9M. Capital expenditures of $789K exceeded it, leaving free cash flow of −$24.5M.
Questions
What was Teads Holding's revenue in the third quarter 2025?
Teads Holding (TEAD) reported revenue of $319M for the third quarter 2025 (Q3 2025), +42% from a year earlier and -7% from the quarter before.
Was Teads Holding profitable in the third quarter 2025?
Operating loss was $6.3M (-2.0% of revenue) and net loss $19.7M.
Source: Teads Holding 10-Q on SEC EDGAR.